RIVER The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho has tasked his team to renew commitment towards continuous improvement on Port efficiency that provided the backbone for the positive export performance Nigeria has recorded thus far in the successive quarters of year 2025. Speaking during the recently concluded NPA Management Retreat in Onne Rivers State, Dantsoho said “we are proud of the excellent work being undertaken by the Nigerian Export Promotion Council as evident in the increased export numbers passing through our platforms, but we cannot rest on our laurels, we must commit to a continuous…
Author: Reporter
Nigeria’s foreign exchange (FX) reserves climbed to their highest level in more than seven months, reaching $40.29 billion as of August 8, 2025, according to the latest Central Bank of Nigeria (CBN) data. This represents a gain of $3.45 billion, or 9.4 per cent, from $36.84 billion on August 8, 2024, and marks the strongest level since January 17, 2025, when reserves stood at $40.29 billion. The sustained build-up reflects stronger foreign exchange inflows, supported by elevated crude oil prices, steady remittance growth, and renewed interest from foreign portfolio investors (FPIs). Analysts say this momentum is likely to continue, underpinned…
ABUJA Sixteen inmates at the Medium Security Prison, Keffi, Nasarawa State, yesterday, attacked personnel of the Nigerian Correctional Service, breached the facility and escaped into thin air. Spokesman of the service, Abubakar Umar, who confirmed this in a statement, said the incident occurred in the early hours of the day. He said: “Some inmates breached the security of the facility and attacked personnel on duty to compromise the situation, enabling 16 inmates to escape custody. “In the course of containing the situation, five personnel of the prison sustained injuries, with two currently serious and receiving urgent medical attention at a…
The African Democratic Congress, ADC, has accused the Economic and Financial Crimes Commission of being used by the Federal Government to intimidate and discredit opposition leaders. In a statement on Tuesday, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, alleged that the anti-graft agency had embarked on “a choreographed media trial” targeting key figures in the opposition. Abdullahi cited the overnight detention of former Sokoto State Governor, Aminu Tambuwal, and the EFCC’s “urgent” request for information on the seven-month tenure of former Imo State governor, Emeka Ihedioha, as examples of politically motivated actions. “ADC, like all Nigerians, questions the curious…
OGUN The Ipara area of Remo, Ogun State, was thrown into sadness as a N30,000 car race bet went awry resulting in a fatal accident that left five people, including three suspected online fraudsters (yahoo boys) and two residents, dead. A source in the community, who pleaded anonymity, said that the accident occurred at about 2 p.m. on Monday. According to the source, the suspected Yahoo boys had organised a car racing contest with a N30,000 wager for the winner. The source noted that during the contest, one of the participants lost control and rammed into a nearby shop, killing…
ABUJA The Economic and Financial Crimes Commission, EFCC, has granted former Sokoto State governor, Aminu Tambuwal, administrative bail after questioning him over alleged financial misconduct. Tambuwal, who also served as Speaker of the House of Representatives, is accused of fraudulently withdrawing about N189 billion during his tenure as governor. A senior EFCC official, speaking on condition of anonymity, said Tambuwal was released after providing the information investigators required. “He has already been granted administrative bail. We’ve extracted what we need from him, and he will soon leave our headquarters after perfecting his bail conditions,” the source stated. EFCC spokesman, Dele…
Former Secretary to the Government of the Federation, Babachir Lawal, claims that Peter Obi won the 2023 presidential election. Speaking during an interview on Channels Television’s Politics Tonight on Monday, Lawal said, based on the facts available to him, the presidential candidate of the Labour Party won the election that produced Bola Tinubu as Nigeria’s 16th president. Lawal, who is a vocal critic of the current administration, said President Tinubu didn’t win the election, adding that “the result available to him at that time showed he didn’t win the election.” “The problem with Bola Tinubu is that he thinks I’m…
Nigeria’s bounce-back-ability credentials on the football field will again be subjected to a stern test when the home-based senior men national team, Home-based Eagles, take on Sudan’s Falcons of Jediane in a must-win 8th Africa Nations Championship Group D encounter in Zanzibar this evening at 6pm Nigerian time. Title-holders Senegal scored with their only shot on goal with only a quarter-hour left in the two teams’ clash on Tuesday last week, rendering today’s clash with the Sudanese a win-or-wind-up for the Super Eagles B. Venue is the same 15,000 -capacity Amaan Stadium on the island of Zanzibar where the 2018 runners-up…
On the back of tightening stance by the Central Bank of Nigeria (CBN), average prime lending rate to bank customers in Nigeria closed June 2025 at 18.19 per cent from 17.96 per cent in May 2025. The Monetary Policy Committee (MPC) of the CBN retained Monetary Policy Rate (MPR) at 27.50 per cent at its last meeting despite calls by manufacturers for gradual easing of benchmark rate. So far in 2025, the highest average prime lending rate was 18.49 per cent, which was recorded in January 2025. The prime lending rate is the interest rate that banks charge their most…
A participant of the ongoing Big Brother Naija ‘Ten Over Ten’ season, Sabrina Idukpaye, has unexpectedly exited the show due to health-related concerns. The announcement was made via an X post on Monday, stating: “Sabrina, one of the housemates in the Big Brother Naija Ten Over Ten season, has been exited from the House on medical grounds.” According to the show’s organisers, the London School of Economics graduate was withdrawn after consultations with Big Brother and the in-house medical team. They explained that her exit was necessary to allow for a more comprehensive medical evaluation. “Following a medical review with…