The Central Bank of Nigeria (CBN) has approved the CFA franc to be captured on Nigeria export proceeds (NXP) form for the repatriation of export proceeds. Nonye Ayeni, executive director of the Nigeria Export Promotion Council (NEPC), spoke on Friday while addressing newsmen on the non-oil export performance for 2024 in Abuja. Nigeria’s export proceeds…
At least six persons – two male and four female adults – on Friday died in a road accident along the Lagos – Ibadan expressway. It was gathered that three others were injured in the accident which occurred at about 7:40am at Verony, Ogere, on the highway. The crash involved one ash Toyota Sienna marked…
The Defence Headquarters, DHQ, on Thursday, said that in the renewed total war against insurgency in the country, the Armed Forces of Nigeria, AFN and other security agencies, the gallant troops have neutralised 165 and arrested 238 persons in the last week. Briefing Defence Correspondents at the bi-weekly Media parley in Abuja on the ongoing…
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 election, has asked President Bola Tinubu to immediately return home to confront rising insecurity. On April 2, Tinubu departed for France on a two-week “working visit”. A statement from the presidency said during his stay in France, Tinubu “will appraise his administration’s midterm…
Gospel singer and songwriter Dr. Panam Percy Paul, has recounted how he rejected a lucrative record deal offer he received in 1995. The singer in a chat with Pastor Emmanuel Iren claimed that he was offered a three-year contract worth £24 million, equivalent to approximately N7 billion at the time. However, the deal came with…
Access Holdings Plc has announced securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its recently concluded Rights Issue. The issue involved 17,772,612,811 Ordinary Shares of 50 Kobo each, priced at N19.75 per share, successfully raising N351,009,103,017.25. This milestone positions Access Bank Plc, the Company’s…
The Ekiti State Police Command on Thursday arraigned one Victor Akande, 24, before a Chief Magistrate Court in Ado Ekiti District for allegedly threatening the life of the Catholic Bishop of Ekiti Diocese, Felix Ajakaye. According to the charge, the defendant committed the offence on Wednesday, January 15, 2025, at the Bishop’s Court around 8:30…
The new tax reform has been signed and will be implemented starting in the 2026 fiscal year. The new tax law has earmarked N800,000 as the cut-off annual income threshold below which the Nigerian Revenue Service and State Inland Revenue Services will charge no personal income tax. For corporates, a turnover figure of N100 million…
A shocking case of incest has been uncovered in Otulu community, Delta State, where a man allegedly impregnated his biological daughter and is now on the run. The disturbing revelation was made public by Harrison Gwamnishu, the founder of the Behind Bars Human Rights Foundation, who confirmed that the young victim is currently safe and…
Israel has agreed to the necessary conditions for a 60-day ceasefire in the Gaza war and it is now up to Hamas to accept the deal, US President Donald Trump said on Tuesday. During the two-month period, the United States will work with all parties to end the conflict, Mr Trump wrote on his platform,…