Court Jails Social Media Influencer, Aluko Tunmise One Year In Lagos
JUSTICE Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, May 15, 2024, convicted and sentenced...
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Banks want Etisalat $1.2b loan probed
FREEPRESS – Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollar loan is seeking the Federal Government’s intervention to investigate the management. A management source close to the banks told the News Agency…
Dollar crashes to N368/$1
FREEPRESS – The dollar yesterday crashed to N368/$ in the parallel market, after over three weeks at N382/$, representing N14 appreciation within the period. The exchange rate, which was confirmed by Aminu Gwadabe, president of the Association of Bureaux De Change…
CBN leaves interest rate at 14%
FREEPRESS – The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. CBN Governor Godwin Emiefele, who spoke to reporters after the Monetary Policy Committee (MPC) meeting in Abuja, said…
CBN sanction 15 Banks for forex infractions
FREEPRESS – About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window. The decision by the Central Bank of Nigeria, CBN, to wield the big stick…
CBN must scrap multiple exchange rates, says Soludo
FREEPRESS – A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Monday highlighted steps the Federal Government needed to return the country out of the biting economic challenges and get back on the path of growth. Soludo…
Naira sustains gain against dollar
FREEPRESS – The Naira on Tuesday sustained its gain against the dollar at the FOREX market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N455 (Buying rate), N457 (selling rate) at the parallel market, from the N455/460…
Eid-el-Kabir: Ram sellers lament low patronage
FREEPRESS – Ram sellers in Kaduna on Monday expressed regrets about the low sale they had recorded, barely a week to the Eid-el-Kabir festival, the News Agency of Nigeria reports. Many ram selling points such as Zango, Bachama road and…
Plateau poultry farmers decry low patronage, hike in price of feeds
FREEPRESS – Poultry farmers in Plateau say they record low patronage and experience hike in the price of feeds in recent times. Mr John Dasar, the Chairman, Poultry Association of Nigeria in the state, spoke to the News Agency of…
Naira Gains Against Dollar In Forex Markets
FREEPRESS – The Naira Friday appreciated against the dollar in all the segments of the Forex market, the News Agency of Nigeria (NAN), reports. The Nigerian currency exchanged at N422 to the dollar, gaining 3 points from N425 it traded…
Rice Dealer Predicts Imminent Price Fall Of Rice
FREEPRESS – Chief Anthony Ndubuka, a major rice dealer in Umuahia, has expressed optimism that the price of rice would soon fall in Nigeria. Ndubuka expressed the optimism in an interview with the News Agency of Nigeria, NAN, in Umuahia…
Nollywood Filmmakers On Hollywood Reporter’s Power List
NOLLYWOOD filmmakers Mo Abudu, Funke Akindele, and Jade Osiberu have been honoured in The Hollywood Reporter’s esteemed list of the 40...
Police Arrest 3 Suspects For Alleged Armed Robbery In Enugu
THE Police Command in Enugu State has arrested three suspects for alleged armed robbery in Enugu metropolis and Oji-River axis...
BREAKING: Lagos Court Convicts Popular Plastic Surgeon, Dr. Anu Over Client’s Death
THE Federal High Court in Lagos State has convicted a popular medical doctor and founder of MedContour Services Ltd., Dr. Anuoluwapo...