Naira Jumps to N1,510/$ in Black Market.

Yesterday, the Naira appreciated in the parallel market, rising to N1,510 per dollar from N1,515 per dollar last Friday. However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated to N1,508.99 per dollar. According to data from FMDQ, the indicative exchange rate for NAFEM dropped to N1,508.99 per dollar from N1,505.3 per dollar…

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NDIC Reports: Account Name Confusion Causes Payment Delays for Heritage Bank Customers”

The Nigeria Deposit Insurance Corporation (NDIC) says account name discrepancies in Bank Verification Numbers (BVN) linked to the alternate accounts of some defunct Heritage Bank customers are delaying the payment of their insured deposits. Mr Bello Hassan, the Managing Director of NDIC told the News Agency of Nigeria (NAN) on Sunday in Abuja. Hassan said the…

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ASAP: Federal Gov’t Targets 135m MT Crop Production In 2024

The federal government is targeting 135 million metric tonnes of staple crop production in 2024 with the newly unveiled Accelerated Stabilisation and Advancement Plan (ASAP). The target was part of the federal government’s comprehensive strategy to address the nation’s pressing issues with agriculture identified as key sector to bolster economic growth and food security. The…

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US Announces $176m Aid For Nigeria, Mali, Others

The United States, through the United States Agency for International Development (USAID), has disclosed about $176m in additional humanitarian assistance for Nigeria, Mali and some other countries in West Africa. In a statement on Tuesday, USAID said the fresh aid “will support communities in Burkina Faso, Cameroon, Chad, Mali, Mauritania, Niger, and Nigeria facing staggering…

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Defense Chief and National Intelligence Agency Forge Stronger Alliance Against Insecurity

In a bid to confront the escalating threats to national security, General Christopher Musa, the Chief of Defence Staff, has initiated a robust partnership with the National Intelligence Agency (NIA). During his visit to the NIA Headquarters in Abuja, General Musa emphasized the imperative of a cohesive and formidable alliance to combat the pervasive insecurity…

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HEADLINE: NAAT Advocates for N350,000 Minimum Wage

The National Association of Academic Technologists (NAAT) has put forward a proposition for a new minimum wage of N350,000 for technologists working in tertiary institutions. This announcement was made by Comrade Ibeji Nwokoma, the National President of NAAT, during the 5th National Delegate Conference held at the University of Abuja. Comrade Nwokoma justified the proposal…

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Abiodun Promises To Back Young Farmers, Investors

Edited by Afolabi Hannah Governor Dapo Abiodun of Ogun State has affirmed his administration’s determination to assist young farmers and investors by providing support for land clearing, preparation, and agricultural mechanization. The primary goals are to ensure food security and reduce unemployment in the state. During the 37th Lisabi Day celebration in Abeokuta, the Governor,…

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