The naira today appreciated to N1,545 per dollar in the parallel market from N1,550 per dollar last weekend. Likewise, the Naira appreciated to N1,528.65 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,528.65 per dollar from N1,532 per dollar last week Friday, indicating N3.35 appreciation for the naira.
Author: Reporter
The Nigerian stock market yesterday crossed the N80trillion mark by market capitalization, underscoring sustained investor confidence in mid-low capitalized stocks. The market capitalization gained N341 billion in opening trading activities in the new week to N80.144 trillion from N79.803 trillion it opened for trading. Consequently, the Nigerian Exchange Limited All Share Index (NGX ASI) gained by 539.59 basis points or 0.43 per cent to close at 126,689.54 basis points from 126,149.59 basis points it closed for trading last week. zs Market breadth was positive, with 45 gainers outpacing 36 losers, reinforcing the bullish tone across sectors. Secure Electronic Technology recorded the highest price gain of 10 per cent to close…
Outgoing President of the African Development Bank (AfDB), Dr Akinwumi Adesina, recently disclosed that the challenge facing many African youths is the mismatch between the education they receive and the skills they need for the labour market. He said for the youths to strive, Africa must create the right environment on the continent, adding, “This must start with providing Africa’s youth with globally competitive quality education.” Adesina stated this while speaking as the special guest lecturer at 14th convocation lecture of the National Open University of Nigeria (NOUN) in Abuja, with the theme, ‘Advancing Africa’s Position within Global Development and…
Nigeria was on Sunday, July 13, 2025, thrown into national mourning when the former military Head of State and the country’s immediate past president, Muhammadu Buhari, passed on while receiving medical treatment at a London hospital, England. He was aged 82. General Muhammadu Buhari had a successful military career; rising through all the military ranks and holding nearly all political and administrative offices until he capped it in December 1983 when he became a military head of state. Muhammadu Buhari’s 23 years of service in the Nigerian Army essentially shaped and defined his life. It was while in service that…
ABUJA Acting Chairman of the Federal Character Commission (FCC), Hon. Kayode Oladele, has extended heartfelt felicitations to former Governor of Ogun State and elder statesman, Chief Olusegun Osoba, on the occasion of his 86th birthday. In a statement personally signed on Tuesday, July 15, Hon. Oladele described Chief Osoba as “a quintessential journalist, consummate politician, and father of modern Ogun State whose life of service, courage, and unwavering commitment to democratic ideals continues to inspire generations.” According to Oladele, Chief Osoba is not only a towering figure in Ogun State’s political history but also a national icon. “His contributions to…
The remains of former President Muhammadu Buhari were laid to rest in his hometown, Daura, Katsina State, on Tuesday, in a solemn ceremony that drew dignitaries from across the nation and beyond. The burial, conducted according to Islamic rites, marked the culmination of a period of profound national mourning for a leader who served Nigeria both as a military Head of State and a democratically elected president. The body was interred after a prayer session led by the Chief Imam of Katsina State at exactly 5:50pm. In a display of unity, Army Generals and Service Chiefs bore the remains of…
KANO The Kano State Chairman of the New Nigeria People’s Party (NNPP), Alhaji Hashimu Dungurawa, has said that NNPP leader, Rabiu Musa Kwankwaso, has not decided to join any coalition or political party, contrary to speculations in some quarters. Dungurawa disclosed this to newsmen yesterday in his office in Kano, saying that Kwankwaso is not a politician who takes decisions in a haste. He said all speculation about Kwankwaso joining ADC or any other party is just a miscalculation by politicians who are afraid of the leader of the Kwankwasiyya Movement. “But I know Kwankwaso too well. He is not in a…
ASIA China reported better-than-expected economic growth for the second quarter in the face of an ongoing trade war with the United States, as diversification efforts to non-US markets buoyed exports. Gross domestic product (GDP) expanded 5.2% in the second quarter from the same period a year earlier, according to the National Bureau of Statistics (NBS) at a press conference on Tuesday. That was higher than the average prediction of 5.1%, based on a poll of 40 economists surveyed by Reuters on Friday. The GDP growth in the second quarter was a slowdown from a 5.4% expansion in the first three…
As part of its preparation for the 2027 general elections, the Independent National Electoral Commission, INEC, is to commence nationwide Continuous Voter Registration, CVR, on August 18, 2025. INEC Resident Electoral Commissioner, REC, for Benue State, Prof. Sam Egwu, who disclosed this in Makurdi on Monday. Prof. Egwu explained that the CVR exercise was in line with constitutional provisions to accommodate those who had attained 18 years after the previous election. He added that it would take place in the 36 states of the federation and the Federal Capital Territory, FCT, stressing that it would commence with online pre-registration which…
San Antonio Spurs sensation Victor Wembanyama says he has been cleared to return to the court after recovering from a blood clot in his right shoulder. The 21-year-old, who was selected with the number one overall pick in the 2023 NBA draft and is widely considered one of basketball’s most exciting prospects in a generation, was forced to end his 2024-25 season early following the diagnosis of deep vein thrombosis. Victor Wembanyama looks on during the 2025 Women’s Volleyball Nations League match between France and Belgium at National Indoor Stadium on June 6, 2025 in Beijing, China. Wembanyama underwent surgery…