THE Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected to alleviate the financial burden on Nigerians amidst rising inflation. …
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THE Lagos Metropolitan Area Transport Authority (LAMATA) has completed the acquisition of property formerly occupied by Omega Power Ministries (OPM) after paying the previously offered ₦123 million compensation. This is contained in a statement posted on LAMATA’s official X handle on Monday. According to the agency, the property was acquired …
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THE Naira depreciated in the official market on Monday, trading at N1,498.98 to a Dollar. Data from the Central Bank of Nigeria (CBN) showed the Naira lost N6.49. This represents a 0.43 per cent decline compared to Friday, Feb. 28, when it closed at N1,492.49 to the Dollar. The loss …
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THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened six pips to 7.1739 against the dollar on Tuesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent …
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IN a significant development, leading global cryptocurrency exchange, Binance, has disclosed that it will delist all non-MiCA compliant stablecoins for users in the European Economic Area (EEA) by March 31, 2025. This decision follows recent regulations under the EU’s Markets in Crypto-Assets (MiCA) framework. Essentially, this rule has introduced stricter …
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THE Senate will not probe the sexual harassment allegations against Senate President Godswill Akpabio. Senator Natasha Akpoti-Uduaghan (PDP, Kogi Central) the Senate had levelled the allegation during an interview on ARISE ZBews TV. Speaking on ARISE News TV, on Monday, Chairman of Senate Committee on Media and Publicity, Senator Yemi …
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THE European Union, EU has announced a plan to ‘Rearm Europe’, which will mobilize up to $840 billion (€800 billion) in defense investment across the bloc. The President of the European Commission, Ursula von der Leyen announced this on Tuesday. According to her, European countries are currently living in the …
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THE Senator representing Abia North senatorial district, Orji Uzor Kalu, has provided another dimension to the 1966 coup that was led by Major Kaduna Nzeogwu and widely regarded as Igbo coup. Kalu was still reacting to the book, ‘Journey in Service’ written by a former Head of State, Ibrahim Babangida …
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Justice Alexander Owoeye of the Federal High Court, Ikoyi, Lagos, on Monday, March 3, 2025 adjourned hearing in the trial of Jude Okoye Chigozie, older brother and ex-manager of Paul and Peter Okoye till April 14, 2025. Okoye is standing trial alongside his company, Northside Music Limited, on seven- count charges …
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THE Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, March 3, 2025 arraigned one Fatima Muhammad before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri. The defendant was arraigned on an eight -count charge bordering on obtaining money by false pretence and criminal …
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