News - NewsNow Nigeria

21May

By Afolake IbidunNo Comments

Business

Surge in Official Forex Market Dollar Supply by 93% Boosts Naira Appreciation

An impressive 93% increase in US Dollar supply has been witnessed at the official foreign exchange market, contributing to the recent strengthening of the Naira.According to FMDQ data, forex transactions turnover rose to $161.41 million on Monday, a significant jump from the $83.5 million recorded just last Friday. This spike in supply has been a driving force behind the ongoing appreciation trend. On Monday, the Naira was trading at N1468.99 per Dollar, marking a decrease from the N1497.33 rate seen on Friday. Notably, Nigeria's foreign exchange (FX) reserves have seen a notable uptick of around $535 million over the past few weeks. From $32.107 billion on April 19, 2024, the FX reserves climbed to $32.642 billion as of May 16, 2024.

Fani-Kayode Claims IDF May Bomb ICC Courtroom if Netanyahu and Gallant are Arrested

21May

By Mariam AbdullahiNo Comments

News

Fani-Kayode Claims IDF May Bomb ICC Courtroom if Netanyahu and Gallant are Arrested

In reaction to the ICC's potential arrest of Israeli Prime Minister Benjamin Netanyahu and military Chief Yoav Gallant, former Aviation Minister, Femi Fani-Kayode, has suggested that Israeli forces could launch an attack on The Hague's courtroom. The ICC has expressed intentions to arrest and prosecute Netanyahu, Gallant, and certain Hamas leaders, according to Fani-Kayode. The Chief Prosecutor of ICC, Karim Khan, has sought the arrest of Netanyahu and Gallant, as well as Hamas leaders Yahya Sinwar, Ismail Haniyeh, and Mohammed Deif. Khan stated that the ICC's office has requested arrest warrants for crimes committed during Hamas' attack on Israel on October 7 and the subsequent conflict in Gaza. Fani-Kayode warned Khan to be cautious and ensure the safety of his family members. Posting...

Successful Operation: Troops in Taraba Capture Six Suspected Kidnappers and Reject N2m Bribe

21May

By Ofomata EdidiongNo Comments

Metro

Successful Operation: Troops in Taraba Capture Six Suspected Kidnappers and Reject N2m Bribe

Reports from Taraba State indicate that troops of the 6 Brigade, Nigerian Army have apprehended six suspected kidnappers. The Acting Assistant Director of 6 Brigade Army Public Relations, Lieutenant Oni Olubodunde, disclosed that the suspects were captured in separate operations conducted within the state. Following a tip-off, troops from the 93 Battalion Sub-Sector 3B OPWS, stationed at Forward Operating Base Wukari, executed a well-planned raid in Chinkai village of Wukari Local Government Council. During this operation, two individuals identified as Usman Gide Ali (25 years old) and Abdulrahaman Amadu (28 years old) were apprehended. These suspects were wanted by security agencies for their involvement in multiple kidnappings in Wukari and its environs. Upon their arrest, the suspec...

Senator Moro Criticizes Governor Alia for Operating a One-Man Show Administration

21May

By Mariam AbdullahiNo Comments

News

Senator Moro Criticizes Governor Alia for Operating a One-Man Show Administration

In Benue State, Senator Abba Moro expressed his concerns about Governor Rev. Fr. Hyacinth Alia's approach, describing it as a one-man-show administration. At an expanded caucus meeting of the Benue Peoples Democratic Party (PDP) in Makurdi on Monday, Moro urged party members to unite and set aside their differences for the greater good. He pointed out that the current administration under Fr. Alia was prone to errors, providing an opportunity for the PDP to make a comeback to power. Moro emphasized that the governance in Benue appeared to be centralized around one individual rather than a collective effort, urging PDP members to prioritize unity and cooperation over division. "We should strive to eliminate internal conflicts within the party and focus on the goal of restoring power to t...

Tragic Incident in Kaduna: Terrorists Strike, Leaving Death and Destruction in their Wake

21May

By Mariam AbdullahiNo Comments

News

Tragic Incident in Kaduna: Terrorists Strike, Leaving Death and Destruction in their Wake

Reports emerged on Sunday of a devastating attack by suspected terrorists on Libere Gari village in the Kajuru local government area of Kaduna State. The assailants mercilessly took the lives of approximately six individuals, causing injuries to numerous others and instilling fear and anguish in the entire farming community. According to an eyewitness account shared with NewsNow, a horde of over 50 heavily armed terrorists descended on the village, launching a barrage of gunfire without discrimination, prompting terrified residents to flee desperately for safety. In addition to the tragic loss of lives, the attackers set ablaze 25 motorcycles and pillaged food stores in the village, leaving the already impoverished inhabitants bereft of essential sustenance and means of transportation....

N4.9tn raised by Nigerian govt from N7.3tn securitized ways and means, reports DMO

21May

By Afolake IbidunNo Comments

Business

N4.9tn raised by Nigerian govt from N7.3tn securitized ways and means, reports DMO

According to the Debt Management Office, the Nigerian federal government has raised N4.9 trillion from the N7.3 trillion Ways and Means Central Bank of Nigeria advance. At an interactive session with primary dealers in federal government securities markets in Lagos State, DMO's Director General, Patience Oniha, shared this information on Monday. She highlighted that domestic securities continue to be a significant source of federal government expenditure. Last year saw the government raise seven trillion Naira through new domestic borrowing, indicative of the domestic market's substantial size, resilience, and sophistication compared to many other African markets. Out of the six trillion Naira new domestic borrowing, N4.5 trillion has been raised. Regarding Ways and Means, out of the s...

Prophet Ayodele Warns Jacob Zuma: ‘Form Coalition with Julius Malema or Face Jail Time’

21May

By Mariam AbdullahiNo Comments

News

Prophet Ayodele Warns Jacob Zuma: ‘Form Coalition with Julius Malema or Face Jail Time’

Calling on the former South African President, Jacob Zuma, the leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, urged him to establish a coalition with opposition leader Julius Malema before the upcoming general election on May 29. Notably, Primate Ayodele predicted that if the current president, Cyril Ramaphosa, emerges victorious, Zuma would likely face a permanent jail sentence. In a statement released by his media aide, Oluwatosin Osho, the prophet advised Zuma to take action swiftly to avoid potential humiliation by aligning with Malema to challenge the ruling party in the election. Ayodele emphasized that the election outcome could have dire consequences for South Africa's stability and economy if Ramaphosa secures a win. "Should Jacob Zuma wish to evade impri...

Tragic Discovery: Young Woman from Benue State Found Deceased in Abuja

21May

By Ofomata EdidiongNo Comments

Metro

Tragic Discovery: Young Woman from Benue State Found Deceased in Abuja

Tragic news unfolded as the lifeless body of Margret Oyibo Atayi, a Benue native who had been missing since Friday, May 17th, 2024, was discovered on Monday night. Margret, belonging to the Idoma tribe and hailing from Ugbokolo in Okpokwu LGA of Benue State, was last sighted around City College of Education on Abacha Road in Mararaba, close to Abuja around 3 pm on the aforementioned Friday. In a heartfelt message shared on the Idoma Darlings platform, her sister, Stella Ameh, expressed gratitude to everyone who assisted in the search for Margret. The circumstances surrounding her tragic demise remain a mystery at this time, though many speculate it could be linked to ritualistic practices. This incident comes on the heels of the recent discovery of another young woman from Benue...

Governor Adeleke emphasizes the importance of transparency in public governance

21May

By Mariam AbdullahiNo Comments

News

Governor Adeleke emphasizes the importance of transparency in public governance

Encouragement has been given to Federal and state Auditors-General to contribute towards the establishment of more accountable and transparent administrations for the benefit of Nigerians. This call was made by Governor Ademola Adeleke in Ede on Monday during the commencement of the 53rd biannual conference, hosted by the Office of the Auditor-General, Osun State, in collaboration with the Body of Federal and State Auditors-General, Nigeria. The event was attended by Auditors-General from various states across the federation. Deputizing for the governor, Kola Adewusi urged the participants to seize the opportunity presented by the conference to share knowledge, exchange best practices, and introduce innovative ideas that can further improve the efficiency of audit processes in the cou...

WAFU U-17: Nigeria’s Golden Eaglets eye semi-final spot in decisive showdown against Togo

21May

By Ofomata EdidiongNo Comments

Sports

WAFU U-17: Nigeria’s Golden Eaglets eye semi-final spot in decisive showdown against Togo

Golden Eaglets of Nigeria target semi-final berth in crucial match against Togo Ready for a pivotal encounter, Nigeria's Golden Eaglets are gearing up to face Togo in the WAFU B U-17 Championship, with their eyes set on securing a spot in the semi-finals. The match, scheduled at the University Stadium in Accra, holds the key to the Eaglets' fate in the tournament, where even a draw would be sufficient to see them through to the next stage. As reported by NewsNow, Nigeria currently holds the second position in Group B, tied on points with the leaders Burkina Faso but trailing on goal difference. Garba Manu's squad has exhibited resilience and talent in their recent outings, culminating in a crucial 1-0 victory over Niger Republic following a solid 1-1 draw against Bu...