Forex traders have attributed the recent exchange rate stability to the success of Nigeriaâs currency swap agreement with Chinese traders now collecting naira for its currency, the yuan, instead of dollars. They also identified P2P (Peer-to-Peer) foreign currency trade as one of the factors that is contributing to the stability of the naira. Peer-to-peer foreign…
GISTSMATE MEDIA reports that fire has gutted a filling station, Pinnacle Oil, belonging to Governor Peter Mbah of Enugu State. Reports said the station was reportedly set ablaze by unknown arsornists on Friday. Sources hinted that the arsonists came in a Toyota Corolla car and carried out the operation. Meanwhile, the Enugu State Commissioner of…
A magistrate court in Akure, the Ondo state capital, has sentenced Olushola Olatunde, a 38-year-old bricklayer, to 21 years in jail for stealing from two churches. Olatunde was arraigned on a six-count charge of illegal entry and theft. He pleaded guilty to all the charges. The bricklayer was accused of breaking into the premises of…
A lady caused a snarl of traffic on Adeniyi Jones Street, Ikeja, when she decided to take her bath in the middle of the road. The incident reportedly happened about 8 am, when most people were going out to their offices. The lady put a plastic bucket of water beside her on the road as…
The United States Mission in Nigeria has warned Nigerians planning to travel to the US primarily to give birth to secure American citizenship for their children. In a post on X, the US Mission stated that using a visa for the main purpose of childbirth is prohibited under US immigration policy. âUsing your visa to…
Nigerian actress and film producer, Abimbola Craig has revealed why she is not married at 38. In an interview with Chude Jideonwo, the media personality, Craig said she believes âmarriage is a scamâ. The actress critiqued traditional marital roles where women are often burdened with home management and catering to their partners, referring to the…
The Chief of Staff to the President, Mr. Femi Gbajabiamila, on Friday commended the Nigerian military for its role in stabilising democracy in the country. Speaking while inaugurating a newly built 1,200-capacity auditorium at Abalti Barracks, Surulere, Lagos, Gbajabiamila said the military deserved greater recognition and dividends of democracy, even though they seldom demand it…
In a major breakthrough against insurgency in the North-East, troops of Operation Hadin Kai (OPHK), in collaboration with the Air Component, Civilian Joint Task Force (CJTF) and local hunters, have dismantled several terrorist supply networks and neutralized scores of fighters in a series of ambushes, raids and fighting patrols. The Director of Defence Media Operations,…
Former pastor of the City of David parish of the Redeemed Christian Church of God (RCCG), Pastor Idowu Iluyomade, has announced that his newly established ministry, The Family Fellowship, has acquired a permanent site at Eko Atlantic. Speaking during the churchâs second service at Civic Centre, Pastor Iluyomade revealed that the land was donated by…
Former Labour Party presidential candidate, Peter Obi has alleged that some paid blackmailers are propagating negativity against him. Obi denied having a private meeting with President Bola Tinubu in Rome over an alleged N225 billion debt crisis involving Fidelity Bank. He described the claims as false, malicious, and baseless. In a statement on X, Obi…