Naira value drops to N664.04/$ at official market as CBN liberalizes market By Eyo Nsima The Naira lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday, following the adoption of new […]
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EFCC UPDATE: President Tinubu names Mohammed Umar Acting Chairman By Eyo Nsima President Bola Tinubu has appointed Mohammed Umar as the Acting Chairman, of the Economic and Financial Crimes Commission (EFCC). Umar, who was the Director of Operations in the Commission, has been directed to take over the affairs of the commission. Already, President Tinubu has
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BREAKING: President Bola Tinubu suspends EFCC Chairman By Eyo Nsima President Bola Ahmed Tinubu,GCFR, has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, CON, as the Chairman, Economic and Financial Crimes Commission (EFCC) to allow for proper investigation into his conduct while in office. In a statement obtained by The Daily, www.thedaily-ng.com, Willie Bassey, Director,
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MARKET UPDATE: Oil prices slide on EIA report as OPEC plans anniversary in Bagdad By Eyo Nsima Crude oil prices started to drop Wednesday, due mainly to the Energy Information Administration an estimated inventory build of 7.9 million barrels. Traders considered the figure huge considering an inventory draw of half a million barrels for the
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CPPE LAUDS THE UNIFICATION OF EXCHANGE RATE The Centre for the Promotion of Private Enterprise [CPPE] welcomes the bold step taken by the Tinubu administration towards the unification of the naira exchange rate. The liberalization of the foreign exchange market would unlock the huge potentials for investment, jobs and capital flows. Investors’ confidence would be
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Transfer: Real Madrid confirm signing Bellingham Real Madrid have confirmed that the club have reached an agreement to sign Jude Bellingham from Borussia Dortmund. Real Madrid disclosed this in a statement via its website on Wednesday morning. The statement read, “Real Madrid C. F. and Borussia Dortmund have reached an agreement for the transfer of
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Nigeria’s Telecom Access Gaps Drop by 53% The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba Danbatta, disclosed this at a recent
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NCF host WMBD in Lagos, Rivers, and Yobe to Promote Conservation of Water Bodies and Bird Species In a bid to promote consciousness of birds’ conservation in Nigeria, especially at coastal and riverine areas, the Nigerian Conservation Foundation (NCF) made concerted efforts in engaging students and community dwellers in a participatory conservation activity to commemorate
NCF, FCMB COMBAT PLASTIC POLLUTION IN NIGERIA In the spirit of robust collaboration, which will produce impactful result, the Nigerian Conservation Foundation (NCF) teamed up with First City Monument Bank Plc (FCMB) in the provision of practical solutions to the menace caused by plastic pollution as the duo commemorate the 2023 World Environment Day (WED). The easy-to-adopt and adaptable
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EXPLAINER: Nigeria’s Electricity Act By Odion Omonfoman The Electricity Act, EA 2023 has a number of new provisions worth studying by market participants in the Nigeria Electricity Supply Industry, NESI, including investors across the electricity value chain, the Federal Ministry of Power, State Governments, and even the Nigerian Electricity Regulatory Commission, NERC. Key provisions
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