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Nigeria's chemical and non-metallic products sector faces a severe downturn, with over 50 firms shutting down or running at low capacity, resulting in around 100,000 job losses. The crisis is driven by high energy costs, inflation, and unstable exchange rates. Urgent government intervention is...
![Today's Naira Rate[12-08-2024]: Naira Strengthens to N1,580/$ in Parallel Market; NAFEM Rate Drops](/data/attachments/207/207139-d494322407b277d99d98dc1c9b7201ce.jpg?hash=PERHMQHP25)
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Today's Naira Rate[12-08-2024]: Naira Strengthens to N1,580/$ in Parallel Market; NAFEM Rate Drops
The Naira appreciated to N1,580 per US dollar in the parallel market on August 12, 2024, up from N1,585. In the Nigerian Autonomous Foreign Exchange Market, the rate fell to N1,570.99 from N1,574.20. The trading volume decreased by 23.7%, widening the gap between market rates.
On August 12...
Gospel singer Aduke Gold, known for her impactful music, passed away on August 12, 2024. Her death, confirmed by fellow artists and media, has sparked widespread mourning among fans and the Christian community. Tributes highlight her powerful voice and influential career. Details on her passing...
A building collapse in Madabe village, Jigawa State, resulted in the deaths of a 30-year-old man and his two-year-old son. The tragedy occurred during a heavy rainstorm on August 11, 2024. The boy’s mother survived and is receiving treatment. An investigation is underway into the incident.
In a...
Kano State Police transferred 76 suspects, including a foreign national, to Abuja for sedition charges following the #EndBadGovernance protests. The suspects were arrested for flying Russian flags during the violent demonstrations. Authorities also reported the arrest of 873 individuals and...
President Bola Tinubu has inaugurated 30 locally assembled compressed natural gas (CNG) buses in Abuja, donated by DAPPMAN and NNPC. Assembled by Innoson Motors, these buses symbolize Nigeria’s commitment to sustainable transportation and the government's broader initiative to promote CNG as an...
The Edo State government has rejected the court's reinstatement of impeached Deputy Governor Philip Shaibu, accusing him of impersonating Marvellous Omobayo. The government urges the public to disregard any official correspondence from Shaibu, as legal challenges to his reinstatement continue...
Former Lagos State Governor Akinwunmi Ambode visited his successor, Governor Babajide Sanwo-Olu, at Lagos House, Ikeja. Their discussion focused on Lagos' future development, emphasizing unity and collaboration.
Former Lagos State Governor Akinwunmi Ambode made a courtesy visit to his...
Barack Obama’s 2024 summer playlist features Nigerian stars Tems and Rema, highlighting the global influence of Afrobeat. Their tracks, "Love Me Jeje" and "Yayo," are among 44 songs selected. Obama's annual playlist blends legendary and contemporary artists, showcasing his diverse musical taste...
![[VIDEO] Nigerian Woman's Backyard Oil Spill Goes Viral](/data/attachments/207/207128-d4639cd056973b13eae3e8b8ffa74770.jpg?hash=VIvW_qHdu3)
A Nigerian woman discovered an oil spillage in her backyard and shared the news online, sparking mixed reactions. Critics suggested she should have handled the situation privately or negotiated with the government.
A woman and her neighbors in Nigeria recently uncovered an oil spillage in her...
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