Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A statement by the Central Bank of Nigeria (CBN), the increase marked an increase from $3.99…
A man from Eldoret, Uasin Gishu County, has been left devastated after losing KSh 2.8 million (approx. N33 million) meant for his studies abroad to sports betting. Dismas Mutai reportedly lost the substantial sum while betting on Aviator, an online gambling platform, and has since taken to social media to seek assistance from well-wishers, including…
Governor Monday Okpebholo and the All Progressives Congress, APC, have won round one in the series of petitions challenging their declaration as winners of the September 21, 2024, governorship election in Edo State. A petition instituted against them by the Action Alliance (AA) and one Adekunle Rufai Omoaje was thrown out by the Edo State…
GISTSMATE MEDIA reports that President Bola Tinubu will on Wednesday depart for Paris, France, on a two-week working visit. “During the visit, the President will appraise his administration’s mid-term performance and assess key milestones,” Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed in a statement Wednesday. The statement is titled, ‘President Tinubu to…
Israeli Defence Minister Israel Katz announced Wednesday a major expansion of military operations in Hamas-run Gaza, saying the army would seize “large areas” of the Palestinian territory. Katz said Israel would bolster its presence in the Gaza Strip to “destroy and clear the area of terrorists and terrorist infrastructure”. The operation would “seize large areas…
A 54-year-old farmer, Jeremiah Onuminya, from the Usha community in Agatu Local Government Area of Benue State, has reportedly slumped and died after a false alarm was raised about an attack by suspected herders. Sources in the community told PUNCH that Onuminya was heading to his farm on Monday, March 31, when some youths suddenly…
President Bola Tinubu on Wednesday, appointed Engineer Bashir Ojulari as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited. As announced by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, the president had invoked Section 59, subsection 2 of the Petroleum Industry Act, 2021, which emphasised that the…
The Nigerian Army has commenced the enlistment of tradesmen, non-tradesmen, and women for its 89th regular recruits intake. GISTSMATE MEDIA reports that the NA made this known on its X handle on Tuesday. The statement read, “The Nigerian Army wishes to inform the general public that the online application for 89 Regular Recruits Intake for…
The presidential candidate of the Labour Party in 2023, Peter Obi, has said that people with criminal record, unverified and forged school certificates are in charge of the country. Obi stated this on Arise Television on Tuesday, insisting that there is no democracy in Nigeria, especially when there is no vibrant and independent judicial system….
The Lagos State Police Command has uncovered and dismantled an illegal internet fraud training facility, known as a “Yahoo School,” in the Iju area of the state. The command’s spokesperson, Benjamin Hundeyin, in a statement on Tuesday, stated that four principal suspects were arrested alongside six trainees. According to him, among the trainees was an…