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Economy: Naira Gains As CBN Pays Banks $6.7bn Forex Backlog

THE Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors. A source familiar with the development confirmed the payment on Thursday. Meanwhile, unconfirmed sources said three banks received full payment of debts owed. The banks are Citi Bank, Stanbic …

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Nigeria Customs In Onne Generate N246bn In 10 Months

THE Nigeria Customs Service, Area 2, Onne, Rivers State, said on Friday that it generated a total sum of N246 billion in ten months. The Comptroller of Customs in the command, Comptroller Baba Imam, disclosed this to newsmen at a briefing in Onne, Eleme Local Government Area of the state. …

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Nigerian Army Postpones Recruitment Screening Exercise

THE Nigerian Army has announced the postponement of its recruitment screening exercise. The Army announced this in a statement on its X page on Friday. It said the exercise, scheduled for 6th November 2023, has been rescheduled for December 4–17, 2023. The post reads: “This is to inform members of …

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Hon. Amobi Ogah Regains Abia Reps Seat At Appeal Court

THE Lagos Division of Court of Appeal on Friday upturned the verdict of the National Assembly Election Petitions Tribunal in Umuahia which dismissed the election of the member representing Isikwuato Umunneochi Federal Constituency in Abia State, Hon Amobi Ogah. The tribunal had in a judgement in September nullified Ogah’s election, …

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NEDC To Partner Borno Govt On Effective Communication

By Ndahi Inusa, Maiduguri THE North East Development Commission, NEDC is to partner with the Borno state Government through the ministry of information and internal security for effective communication strategy aimed at addressing the numerous humanitarian challenges perpetrated by over a decade Boko Haram crisis. The partnership will also geared …

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Saudi Arabia To Host 2034 World Cup – FIFA Confirms

FIFA President, Gianni Infantino, has confirmed that Saudi Arabia will be the host of the 2034 World Cup. Infantino confirmed the development in a post via his Instagram account. Naija News understands that Saudi Arabia’s interest in hosting the biggest football tournament was only submitted on Tuesday. This news platform reportedly earlier that …

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