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Hyperinflationary Economy Not Applicable To Nigeria — FRC

The Financial Reporting Council (FRC) has explained that Nigeria has not attained the point of a hyperinflationary economy. The Council, in a press statement signed by its Executive Secretary/Chief Executive Officer, Dr. Rabiu Olowo, added that International Accounting Standards, IAS 29, is

January 27, 2025

SEC Warns Nigerians Against Investing With Risevest, Stecs

The Securities and Exchange Commission (SEC) has cautioned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, commonly known as Stecs. The SEC in a circular issued in Abuja disclosed

January 27, 2025

Obasa: Enhanced Security Measures in Place for Monday’s Lagos Assembly Plenary

The Lagos State House of Assembly has instructed its officials to present valid identity cards to access the premises, signalling a move to tighten security at the complex. The development comes in the wake of ongoing controversies following the impeachment of the

January 27, 2025

Bala Mohammed Using Attack On Tinubu To Launch Presidential Campaign — Minister

The Minister of Foreign Affairs, Yusuf Tuggar, has accused Governor Bala Mohammed of Bauchi State of using his criticism of President Bola Tinubu’s tax reforms to further his own presidential ambitions for 2027. Tuggar made this claim while appearing on Channels Television’s

January 27, 2025

Marketers Consider Shifting from Dangote Refinery as Imported Petrol Costs Drop to N922/Litre

Oil marketers in Nigeria are reportedly exploring a shift from the Dangote Petroleum Refinery to imported Premium Motor Spirit (PMS) as the landing cost of imported petrol dropped to N922.65 per litre as of Friday, January 24, 2025. This development comes as

January 27, 2025

Afe Babalola to Withdraw Defamation Suit Against Dele Farotimi

Renowned Senior Advocate of Nigeria (SAN), Afe Babalola, has announced his decision to withdraw the defamation suit filed against human rights advocate Dele Farotimi. The development follows interventions by notable figures, including the Ooni of Ife, Oba Adeyeye Ogunwusi, and other prominent

January 27, 2025

Nigerian Army Neutralizes 70 Insurgents, Loses 22 Soldiers in Borno Operation

The Nigerian Army has announced the loss of 22 soldiers in an ongoing military operation aimed at dismantling terrorist activities in the Timbuktu Triangle, a well-known insurgent stronghold in Borno State. The operation, led by troops of Operation Hadin Kai, commenced on

January 27, 2025

FAAN Suspends Access Gate Fee At Nnamdi Azikiwe International Airport

The Federal Airports Authority of Nigeria (FAAN) has put a hold on all access gate fees at the Nnamdi Azikiwe International Airport. A statement by its management on Saturday said the move was to alleviate the traffic burden on airport road users.

January 26, 2025

Tinubu To Attend Energy Summit In Tanzania

On Sunday, President Bola Tinubu will leave Abuja for Dar es Salaam, Tanzania, to attend the Africa Heads of State Energy Summit scheduled for January 27-28, 2025. The Summit, hosted by the government of Tanzania in collaboration with the African Development Bank

January 26, 2025

Lagos Speaker Obasa Rejects Corruption Accusations, Vows to Maintain Role

Impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa has described the corruption allegations against him as “fictitious and unsubstantiated”. Speaking during a welcome rally at his residence in GRA, Ikeja on Saturday, Obasa maintained that he was not afraid

January 26, 2025

Trump Proposes Relocating Gaza Residents to Egypt, Jordan in Bid for Middle East Peace

United States President Donald Trump has floated a controversial plan to relocate the residents of Gaza to neighboring Egypt and Jordan as part of an effort to achieve lasting peace in the Middle East. Speaking aboard Air Force One on Saturday, Trump

January 26, 2025

Nigerian Troops Neutralize Notorious Terrorist, Gunrunner, 96 Others in Nationwide Operations

In a significant breakthrough, the Nigerian military has eliminated a notorious terrorist commander and gunrunner, Abu Mosaje, and 96 other terrorists during intensified counter-terrorism operations across the country in the past week. The Defence Headquarters (DHQ) disclosed this in a statement released

January 26, 2025

National Assembly Reschedules Resumption to February 4 Over Budget Defence

The National Assembly has postponed its resumption date from January 28 to February 4, 2025, to allow committees to conclude ongoing budget defence sessions with Ministries, Departments, and Agencies (MDAs). The announcement was made on Saturday in separate statements issued by the

January 26, 2025

PRESS RELEASE: IMPEACHMENT: NOTHING HAS CHANGED

Lagos Assembly United Behind Meranda It is imperative to clarify that over 2/3 of the members of the Lagos State House of Assembly are solidly united behind the new Speaker, Rt Hon Mojisola Lasbat Meranda, therefore we stood by the decision taken

January 25, 2025

US-Bound Flight Makes Emergency Return to Lagos, 38 Injured

A major aviation disaster was averted on Friday when a US-bound flight from Lagos to Washington Dulles International Airport was forced to return to Murtala Muhammed International Airport (MMIA) due to a technical fault mid-air. The Federal Airports Authority of Nigeria (FAAN)

January 25, 2025

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