Author: Samuel Akpenpuun

The Central Bank of Nigeria (CBN) has injected $148 million into the Nigerian Foreign Exchange Market (NFEM) through sales to authorised dealers. The transactions, executed on July 22 and 23, 2024, aimed to enhance market liquidity. Acting Director of the Corporate Communications Department, Hakama Ali, highlighted the CBN’s commitment to transparency in its operations. The foreign exchange was sold to 29 authorised dealer banks at exchange rates ranging from ₦1470.00 to ₦1510.00 per dollar. For these transactions, the value dates were set for T+0 and T+1. Previously, on July 18 and 19, 2024, the CBN had sold $106.5 million at…

A former governor of Kano State governor and the National Leader of the New Nigeria People’s Party (NNPP), Sen. Rabiu Kwankwaso, has called on Nigerians and the youths, to employ the power of the ballot box to resolve the current economic hardship in the country. The NNPP helmsman spoke on the background of a planned nationwide hunger and hardship protests by youths. In a statement published on his official X handle on Saturday, Kwankwaso said although the idea of a protest resonates with him, Nigerians should rather be patient with the Bola Tinubu government, and give it all necessary support…

President Bola Tinubu on behalf of Nigerians, has sent his best wishes to Team Nigeria at the 2024 Paris Olympic Games. A total of 88 Team Nigeria athletes, including 63 women and 25 men, are proudly flying Nigeria’s flag in 12 sports at the Paris Olympics. The President assured “these bold and courageous ambassadors” representing the country of his full support and that of over 200 million Nigerians back home, praying and cheering for their success. As the Games officially opens on Friday, July 26, with the ‘Parade of Nations’, President Tinubu said he is looking forward to watching the…

The Anambra State Police Command has recovered over 20 improvised explosive devices, rifles, and various other items in a series of operations throughout the state. Commissioner of Police Nnaghe Itam announced this during a press briefing in Awka on Friday. He stated that these operations were carried out by police and allied agencies. During the briefing, Itam presented 13 suspects arrested across the state for crimes including kidnapping, armed robbery, and cult-related activities. The suspects included Emeka Okolo (29) from Ihiala, Uchenna John (21) from Ebonyi, and Victor Iniukpong (31) from Akwa Ibom, who were apprehended while attempting to remove…

The Commissioner of Police in Anambra, Nnaghe Obono Itam, has insisted that only identifiable protesters in the state would be allowed to participate during the proposed nationwide hunger protest starting on August 1. Itam cautioned that any form of violence or unlawful activities during the protest would not be tolerated. The CP stated this in Awka, on Friday, adding that protesters should go and identify themselves at their nearest police locations, adding that only the identifiable protesters will be protected, noting that faceless individuals will not be allowed to participate. He said the Command would not stop people from protesting,…

An Israeli military commander said Friday that troops in the country’s north were preparing for “a decisive offensive” against Lebanon’s Hezbollah after months of deadly cross-border exchanges. Israeli forces have traded near-daily fire with Hamas ally Hezbollah since the Palestinian militant group’s October 7 attack on southern Israel started the ongoing war in the Gaza Strip. Israel’s commanding officer in the north, Major General Ori Gordin, told troops that “we have already eliminated more than 500 terrorists in Lebanon, the great majority of them from Hezbollah”, an army statement said. According to an AFP tally, more than nine months of…

The Inspector General of Police, Kayode Egbetokun, on Friday, said that intelligence at the disposal of the Force has revealed that foreign mercenaries are involved in the proposed nationwide protest. Addressing journalists in Abuja, Egbetokun urged all Nigerians to exercise caution and think twice before joining any protest group. Egbetokun said, “We have been monitoring development surrounding protest threats. While some groups call for violent protests, emulating Kenya’s recent events, others advocate for peaceful demonstrations. “However, some individuals promote peaceful protests with violent undertones, raising concerns about their sincerity. We have our history of violent protests in Nigeria, and I…

Ukrainian President Volodymyr Zelensky on Friday praised athletes from his war-battered country for their preparations to compete at the Paris Olympics despite the Russian invasion of Ukraine. Kyiv says it is fielding its smallest-ever Olympic team at any summer Games this year as a result of Russia’s invasion, now in its third year. “We are proud of our team — the men and women who, despite this war of aggression, managed to prepare for the Olympics and show the spirit of all Ukrainians,” Zelensky wrote on social media. “They have our will to win and Ukrainian character,” he added. Mykhailo…

 As part of the moves to strengthen the regulatory function of the National Identity Management Commission, the National Assembly has embarked on repealing and enacting the NIMC Act No. 23.  The NIMC Bill represents a significant legislative endeavour to enhance the efficacy and inclusivity of the Identity Management System. This updated and comprehensive bill embodies several proposed amendments designed to improve the effectiveness and inclusiveness of the Nigeria ID System. The amendments seek to fortify the foundational framework of the NIMC and its operations by; expanding the Scope of Registrable Persons. The benefit to the country is a more comprehensive…

The Federal Government, on Friday, said it has secured the conviction of no fewer than 125 Boko Haram terrorists and financiers at a two-day mass trial held at Kainji, Niger State. The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, who disclosed in a press statement that was signed by his media aide, Mr Kamarudeen Ogundele, said the convicts were found guilty of charges bordering on terrorism, terrorism financing, rendering material support, as well as cases adjudged as acts of criminality by the International Criminal Court, ICC. The defendants were convicted at special court sessions that…