THE naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies. This means that the currency appreciated by about 5.9 per cent within 24 hours from the …

THE Economic and Financial Crimes Commission has detained the Receiver Manager appointed by the Assets Management Corporation of Nigeria for Arik Nigeria Limited, Mr Kamilu Omokide, over alleged misappropriation and diversion of about N120bn. Saturday PUNCH learnt that the EFCC detained Omokide alongside one Captain Samuel Caulcrick in connection with …

The Nigeria Police Force has warned pranksters to be ready to face the consequences of some of their pranks. According to the police, they will be made to face the wrath of the law for any harm their actions cause.   The Force Public Relations Officer, CSP Olumuyiwa Adejobi, who …

The Police Commissioner in Ekiti State, Dare Ogundare, on Friday, paraded 16 suspects over different reprehensive crimes with a promise that law enforcers in the state would live up to their responsibility to perform the mandatory and statutory duty of protection of lives and properties. The suspects included eight men …

The International Monetary Fund (IMF) on Friday gave its backing to the Central Bank of Nigeria (CBN’s) exchange rate unification policy. The policy, which collapsed all exchange rates into the Investors and Exporters (I&E) window, allows market forces to determine exchange rate. The IMF said it stands by and supports …

The Kano state government has announced the resumption of the scholarship scheme for first class graduates to seek postgraduate degrees in domestic and foreign universities. The state governor, Abba Kabir Yusuf said this was in line with his commitment to implement his campaign promises and actualize the educational component of …

As armed Bandits continue to unleash terror on communities across Niger state, the state police command has arrested a 45 years Mohammed Bande a.k.a Kachalla with N1.2million cash meant for the purchase of arms and ammunition. The suspect was apprehended at Lambata town, Gurara local government area of the state …

Former Governor of Kano State, Dr. Abdullahi Umar Ganduje has commiserated with the families of victims demolished Daula Hotel building, which collapsed in the state on Thursday. In a statement signed by the former Commissioner for Information and Internal Affairs, Kano State, Muhammad Garba, the Governor stated that the incident …

A Catholic Priest in the Diocese of Otukpo, Rev. Fr. Anthony Adikwu, has been kidnapped by yet to be identified gunmen. Rev Fr. Anthony Adikwu is the Parish Priest of St. Margaret’s Parish, Ajegbe Awume, in Ohimini Local Government Area of Benue state.   Our correspondent gathered that Rev. Adikwu …

The Osun State Police Command has arrested a 28-year-old man, Kehinde Adekusibe, for his use of hateful words on the microblogging site, Twitter. The Public Relations Officer, Force Headquarters, Abuja, Prince Olumuyiwa Adejobi, disclosed the arrest on his verified Twitter handle, @Princemoye1, on Thursday.   The statement, titled, “Osun Police …