The Nigerian naira exhibited a bolstering trend against the US dollar on Thursday, a progression that emerged subsequent to its previous closure at 740.67/$ on the Investor & Exporter (I&E) forex window. I&E window Encouraged by the Central Bank of … Continue reading Naira records official market gain, trading at 740.67/$
Aradel Holdings Plc, an energy conglomerate, has experienced a substantial surge in its revenue during the first half of 2023, registering an impressive 217.6% increase to N74.5 billion compared to N23.5 billion reported for the same period in 2022. These … Continue reading Aradel Holdings achieves 218% revenue growth
![Davido tops 2023 AFRIMMA award with six nominations [SEE FULL LIST]](https://agsnews.com/wp-content/uploads/2024/11/8df2e-images-14-1-1-554x430-1.jpeg?w=554&h=426&crop=1)
The organisers of the Africa Muzik and Magazine Awards, AFRIMMA have released the 2023 nominees’ list. Famous Nigerian afrobeat singer, Davido is nominated in six different categories, including Song of the Year, Artiste of the Year and Album of the … Continue reading Davido tops 2023 AFRIMMA award with six nominations [SEE FULL LIST]
Troops from the Economic Community of West African States (ECOWAS) have reaffirmed their commitment to forming a standby force ready to intervene in Niger Republic if diplomatic efforts fail to reverse the recent coup and reinstate civilian rule. During a … Continue reading ECOWAS prepared to confront Niger junta if diplomacy talks fails
The Nursing and Midwifery Council of Nigeria is actively addressing the ongoing issue of nurses emigrating abroad, given that Nigeria is ranked seventh among 57 nations grappling with a severe shortage of healthcare workers. Dr. Faruk Abubakar, the Registrar and … Continue reading Council set to address nurses who are trying to ‘japa’ out of the country
The Central Bank of Nigeria has launched a novel foreign exchange rate confirmation system targeted at importers, aiming to facilitate their access to forex. The apex bank, through its Trade and Exchange Department, issued a statement on Thursday evening, declaring … Continue reading CBN introduces portal for FX price verification system
President Bola Tinubu has recently unveiled a comprehensive strategy encompassing short-term, medium-term, and long-term plans to address the prevailing food crisis in the country. This approach was set in motion following the declaration of a state of emergency on food … Continue reading Abubakar Kyari chosen to lead implementation of Tinubu’s food security strategy
Esteemed Yoruba actor, Femi Adebayo, has confirmed that he liquidated certain assets in order to finance the creation of his most recent movie, Jagun Jagun. In a recent interview, Adebayo revealed that he utilized the earnings generated from his preceding … Continue reading I sold my properties to finance ‘Jagun Jagun’ movie – Femi Adebayo
Nigerian musical artist and rapper Sulaimon Shekoni Solomon, who goes by the name Khaid, has openly discussed his preference for older women in a recent appearance on the On The Kouch podcast hosted by Kamsi. At the age of 18, … Continue reading Singer Khaid reveals his attraction to older women
British-Nigerian artist Azeez Adeshina Fashola, popularly known as Naira Marley, has emphasized the importance of young people avoiding the harmful path of drug abuse. He highlighted the severe consequences associated with substance misuse, stressing their undeniable gravity. Naira Marley conveyed … Continue reading Naira Marley joins NDLEA’s campaign against illicit drugs
A Federal High Court in Lagos has dismissed charges of illegal firearm possession against Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN). The charges were struck out due to lack of diligent prosecution, following an application … Continue reading Illegal firearm charges against Emefiele dropped by court
During a National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima, the decision was announced to provide a N5 billion grant to each of the 36 states of Nigeria. Each state will receive five trucks of rice as … Continue reading FG sends out N5 billion subsidy palliative and five trucks of rice to each state
Vice President Kashim Shettima is currently leading the National Economic Council session held at the Council Chambers of the State House in Abuja. This assembly comprises the governors of all 36 states of Nigeria, along with ministers overseeing the Federal … Continue reading Shettima chairs National Economic Council (NEC) session
Between August 7 and 17, 2023, Nigerian troops engaged in operations across the country resulting in the elimination of 28 terrorists and the apprehension of 114 criminals, according to the Defence Headquarters. The detained individuals include 92 terrorists, six gunrunners, … Continue reading Troops neutralize 28 terrorists and detain 114 criminals over two week period
The Inter-Party Advisory Council (IPAC) has expressed strong disapproval of the selection of a Minister of State for Petroleum Resources from the oil-rich Niger Delta region. Yabagi Sani, the National Chairman of IPAC, voiced his concerns during an appearance on … Continue reading IPAC criticizes selection of Niger Delta petroleum minister of state
Nigerian music sensation Akinbiyi Abiola Ahmed, widely recognized as Bella Shmurda, has shared a distressing incident involving his fellow artist Mohbad, shedding light on how the latter attempted suicide due to the strained relationship with his former record label, Marlian … Continue reading Bella Shmurda reveals Mohbad’s suicide attempt amid Naira Marley’s record label dispute
The Adamawa State Police Command has taken into custody three alleged members of the criminal gang known as Shila Boys, in connection with the tragic killing of Umar Abdulkadir, a 37-year-old individual. The incident took place last week in the … Continue reading Three arrested in Adamawa for alleged murder of 37 year old man
Between 1999 and 2020, spanning approximately 21 years, the Nigeria Extractive Industries Transparency Initiative (NEITI) reported that Nigeria garnered a total of $741.5 billion from the oil and gas sector and N635.3 billion from solid minerals. NEITI’s Executive Secretary, Ogbonnaya … Continue reading NEITI: Nigeria generates $742 billion from oil revenue over 21 year period
Magistrate Adeola Olatunbosun ruled on Wednesday that the custody of five individuals, accused of possessing Indian hemp and two bags of counterfeit foreign currency, should be maintained by the police until legal guidance is received from the Directorate of Public … Continue reading Five men apprehended in possession of bags filled with fake dollars and pounds sterling
A chartered accountant named Omafume Ayinuola and her mother, Lydia Ehrievuyere, were brought before the Federal High Court in Lagos by the police on Wednesday. They are accused of being involved in money laundering activities totaling N1,072,254,411 and $975,102.58. This … Continue reading Accountant and mother face charges in N1 billion, $975,102 fraud case
Asian shares dipped to their lowest levels in nine months on Thursday, while the dollar reached a two-month peak, reflecting concerns about China’s sluggish economic rebound and apprehensions that the Federal Reserve might still hike interest rates, leading to investor … Continue reading Asian stocks slips to 9 month lows amid concerns about China’s economy and US interest rates
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported significant economic losses for Nigeria due to crude oil theft and sabotage of crude assets during the period of 2009 to 2020, amounting to approximately N16.25 trillion. Crude oil barrels unaccounted … Continue reading Nigeria lost N16.25 trillion due to oil theft between 2009 and 2020, NEITI reports
The U.S. dollar’s ascent has pushed the Japanese yen further into intervention territory, as the robust U.S. economy highlights the need for sustained higher interest rates. Meanwhile, the Bank of Japan’s ultra-dovish stance struggles to defend its policy approach. Australian … Continue reading Dollar strengthens as US economy holds strong; Australian dollar declines on employment figures
President Bola Ahmed Tinubu has extended warm wishes to former military Head of State, Retired Gen. Ibrahim Badamasi Babangida, on the occasion of his 82nd birthday. In a concise statement released on Wednesday by Aguri Ngelale, Special Adviser to the … Continue reading Tinubu hails Babangida as he celebrates 82nd birthday
Davido is all set to grace the upcoming Professional Footballers’ Association Awards, PFA, with his performance. The event is scheduled to take place at Manchester’s Lowry Theatre on Tuesday, August 29th. Davido took to his official social media accounts to … Continue reading Davido set to perform at PFA Awards
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