Following the approval of President Bola Tinubu for the implementation of zero percent import duty and exemption of value-added tax (VAT) on basic food items, the Nigeria Customs Service (NCS) has issued new guidelines for the implementation of the presidential directive. The approval was confirmed in a letter forwarded by the Ministry of Finance to…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 20th July, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?…
In a tragic incident on Friday night, bandits attacked a passenger vehicle on the Ifon/Owo road in Ose Local Government Area of Ondo State, killing two individuals and abducting several National Youth Service Corps (NYSC) members. According to sources who spoke with Daily Trust, the bandits, numbering over 20, ambushed a Sienna space bus carrying…
The Peter Obi Media Reach (POMR) has accused the presidency of attempting to arrest the 2023 Labour Party (LP) presidential candidate, Peter Obi. POMR, in a statement on Saturday by its spokesperson, Yunusa Tanko, said the administration of President Bola Tinubu has hired and strategically deployed multiple attack dogs against Obi. The position of the…
The Registrar of the Joint Admissions and Matriculation Board (JAMB), Professor Ishaq Oloyede, has brought to light a significant scandal involving the admission of underage candidates to tertiary institutions in Nigeria. During a policy meeting of JAMB in Abuja, Professor Oloyede disclosed that certain universities have been admitting students as young as 10 years, in…
The Transmission Company of Nigeria (TCN) has formally issued a suspension notice to the Abuja Electricity Distribution Company (AEDC) due to alleged violations of market regulations and a failure to furnish the Market Operator (MO) with a sufficient Bank Guarantee in accordance with Section 15.3.3 of the MO’s guidelines. The transmission company announced in a…
The Nigeria Economic Summit Group (NESG) has expressed concerns regarding the escalation of inflationary pressures within the Nigerian economy, attributing this to the escalating costs of food prices. During a quarterly briefing on the nation’s economic forecast, the Chief Executive Officer (CEO) of the NESG, Dr Tayo Aduloju, articulated these concerns. He anticipates that the…
The Katsina State Police Command has apprehended a 13-year-old boy, Umar Hassan, and three other suspects, Lawai Umaru, 70, Ibrahim Lawai, 22, and Abdulganiyu Isah, 22, for allegedly supplying information to terrorists. During a press briefing at the Command headquarters on Thursday, Police Public Relations Officer ASP Abubakar Sadiq revealed that the suspects’ actions facilitated…
The Nigeria Labour Congress (NLC), Lagos Council, has stated that the reviewed National minimum wage of ₦70,000 for civil servants is unsustainable for its workers. The state council Chairman, Funmi Sessi accused the Governors’ Forum of being responsible for the meager new minimum wage approval following their insistence on paying ₦50,000 during the negotiating period….
Minister of Aviation and Aerospace Development, Festus Keyamo, has instructed that no international flight operations should be conducted through non-international airports. Naija News learnt that the directive became necessary over suspicion that many VIPs might be smuggling cash, goods, arms and possibly human beings into Nigeria away from the prying eyes of security agencies at…