News - Page 2 of 23384 - NewsNow Nigeria

Solution to Naira Depreciation Unveiled by BDC Operators

27Apr

By Afolake IbidunNo Comments

Business

Solution to Naira Depreciation Unveiled by BDC Operators

In response to the recent Naira depreciation, the Association of Bureaux De Change Operators of Nigeria has put forward a plan for a unified retail end of the foreign currency market. On Friday, ABCON president Aminu Gwadabe shared that this initiative aims to address volatility and enhance regulatory compliance within this market segment. ABCON is currently executing strategies to bring together operators from various sectors of the market. This includes setting up state chapters to oversee market coordination, integration, and the establishment of a cohesive market structure. Additionally, there are plans to enhance ABCON's Business Process Platform, previously known as SAAZ Master. Gwadabe stated, “As part of our vision for a consolidated retail-end forex market, we will implement g...

EFCC captures 34 currency speculators in Abuja

27Apr

By Ofomata EdidiongNo Comments

Metro

EFCC captures 34 currency speculators in Abuja

An operation carried out by the Economic and Financial Crimes Commission (EFCC) Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice resulted in the arrest of 34 individuals suspected of engaging in foreign exchange fraud. The suspects were apprehended in a sting operation on Friday in the Wuse Zone 4 area of the Federal Capital Territory, Abuja, based on credible intelligence received by the EFCC. The arrested individuals include: Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, Mohammed Kabir Ibrahim, Abubakar Ghadafi, Muktar Usman, Umar Abubakar Abba, Yakubu Sani, Aminu Abubakar, Muhammed Suleman Abara, Yusuf Tahir, Usman Lawal, Usman Lawal, Usman Umar, and Amina Garba Rola. Additional suspects are: Muhammed Aliyu, Murtala Haruna, Sani Mohammed, Umar...

27Apr

By Mariam AbdullahiNo Comments

News

EFCC captures 34 currency speculators in Abuja

Recently, the Economic and Financial Crimes Commission (EFCC) arrested 34 individuals suspected of engaging in foreign exchange fraud, specifically currency speculation. These arrests were made by EFCC personnel who are part of the Taskforce on Currency Mutilation, Dollarization of the Economy, and Forex Malpractice. The operation took place on Friday following credible intelligence regarding the illegal trading of dollars in the Wuse Zone 4 area of the Federal Capital Territory Abuja, as confirmed by EFCC spokesperson, Dele Oyewale. The suspects, including individuals such as Usman Mohammed, Abdullahi Nasir, Abubakar Saleh, and others, are currently in custody. They will soon face legal proceedings as investigations into their activities continue. These arrests reflect EFCC's ongo...

27Apr

By Ofomata EdidiongNo Comments

Sports

Get Ready for Surprises: Potential Shock Results in EPL Game Week 35

With the Premier League season drawing to a close, there's anticipation in the air. In just a matter of weeks, the champions, European qualifiers, and relegated teams will be decided. This weekend's matches could heavily influence the outcome of these scenarios. So, which games might deliver unexpected outcomes? 1. West Ham vs Liverpool: Liverpool's title hopes are hanging by a thread after a recent loss to Everton. They must secure a win at the London Stadium, facing the challenge of a third consecutive away game in a week against a tough West Ham side. 2. Man Utd vs Burnley: Despite a victory over Sheffield, Manchester United's performance felt lackluster. Burnley, battling to avoid relegation, will visit Old Trafford, promising an unpredictable match. 3. Aston Villa vs Chel...

Wolves Offer €12m for Osayi-Samuel Transfer

27Apr

By Ofomata EdidiongNo Comments

Sports

Wolves Offer €12m for Osayi-Samuel Transfer

Premier League side Wolverhampton Wanderers have submitted a €12m bid for Bright Osayi-Samuel, the Super Eagles defender. Wolves are keen on acquiring the services of the Fenerbahce player, as reported by NTVSpor. Additionally, Crystal Palace and Leeds United have also shown interest in the full-back position. It is uncertain whether Fenerbahce will approve the offer. Osayi-Samuel, who has had a successful tenure at Queens Park Rangers, is eager to make a comeback to English football. This season, he has participated in 34 matches across various competitions, contributing to nine goals. With just one year remaining on his contract with Fenerbahce, his future is under speculation.

Kizz Daniel Recognizes 2Baba as Essential to his Musical Journey

27Apr

By Isaac EghosaNo Comments

Entertainment

Kizz Daniel Recognizes 2Baba as Essential to his Musical Journey

Kizz Daniel, the well-known singer also known as Oluwatobiloba Daniel Anidugbe, has attributed much of his success in the music industry to the legendary 2Baba. He believes that collaborating with the iconic ‘African Queen’ artist is a crucial part of his achievements in the industry. Viewing 2Baba as his guiding influence, Kizz Daniel has expressed a strong eagerness to join forces with the veteran musician. In a recent post on his X handle, he exclaimed, “Our journey cannot be deemed complete without a 2baba Collabo @official2baba. “Come, let's venture into the recording studio together... Mentor.”

Reports: Liverpool to Bring in New Manager from Netherlands at Record Price

27Apr

By Ofomata EdidiongNo Comments

Sports

Reports: Liverpool to Bring in New Manager from Netherlands at Record Price

An agreement is in place for Liverpool to provide Feyenoord with a compensation package of approximately €13-15m in order to secure the services of Arne Slot as their upcoming head coach. Renowned football transfer specialist Fabrizio Romano disclosed this information on Friday evening. Throughout the week, discussions have been ongoing between the two clubs regarding Slot, who has explicitly stated his eagerness to join the Premier League ensemble. Romano reported, "Liverpool is prepared to make Arne Slot the most costly Dutch manager in history with a compensation fee estimated at €13-15m." "The finer points will be finalized through documentation over the coming weekend." Slot is poised to take over from Jurgen Klopp, who has confirmed his departure from Anfi...

27Apr

By Ofomata EdidiongNo Comments

Sports

Kwara United Preparing for a Showdown with Doma United

Anticipation is high as Kwara United gears up for their upcoming match against Doma United in the Nigeria Premier Football League. The Harmony Boys are set to take on the Savannah Tigers at the Pantami Stadium, with the match scheduled for today. Following their recent 2-1 victory over Gombe United in matchday 30, Kwara United are confident in their ability to secure another win at the same venue. Under the leadership of Kabiru Dogo, the team has remained undefeated in their last three outings. "Preparing at the New Pantami Stadium ahead of the clash with Doma United," Kwara United shared on their social media platform. With a current standing at 13th place on the league table, Kwara United has accumulated 39 points from 30 matches.

Nigeria’s Annual Loss to Oil Theft in Niger Delta Stands at N1.29tn

27Apr

By Afolake IbidunNo Comments

Business

Nigeria’s Annual Loss to Oil Theft in Niger Delta Stands at N1.29tn

Speaker of the House of Representatives, Abbas Tajudeen, revealed that Nigeria is facing a staggering loss of N1.29 trillion annually due to oil theft and pipeline vandalism in the Niger Delta region. Speaking at the inauguration of the New Headquarters of the Naval Training Command in Ebubu community, Eleme Local Government Area of Rivers State on Friday, Tajudeen highlighted the severity of the situation. Representing the Speaker, Chairman of the House of Representatives Committee on Defence, Babajimi Benson, emphasized that the country is witnessing the loss of an estimated 300,000 barrels of crude oil daily to theft. He stated that this concerning trend has put immense pressure on the Nigerian Navy to fulfill its duty of supporting the national economy's stabili...

Update on N50,000 grants: Nigerian government confirms payment progress

27Apr

By Mariam AbdullahiNo Comments

News

Update on N50,000 grants: Nigerian government confirms payment progress

According to recent reports, the Nigerian government has announced that the N50,000 Conditional Grant Scheme for Nigerians is still in progress, with disbursements made to 150,000 out of the one million intended recipients. In a statement released by the Minister of Trade and Investment, Doris Uzoka-Anite, it was revealed that the grant disbursements are continuing, with 150,000 payments already processed this week. "For those who have been verified and are awaiting their funds, we thank you for your patience. To ensure transparency, a comprehensive list of all beneficiaries will be made public upon completion," she stated. The grant disbursement initiative, which was launched last week, forms part of the efforts by the administration of President Bola Ahmed Tinubu to ease the impact ...