The Naira recorded its first gains, in recent days, against the dollar at the official foreign exchange market. Data from FMDQ showed that the Naira appreciated to ₦1608.73 per dollar on Thursday from ₦1621.12 on Wednesday. This represents a ₦12.39 gain against the dollar at the foreign exchange market compared to the ₦1621.12 traded on Wednesday. However, in the black market, the Naira depreciated between ₦1610 and ₦1605 per dollar on Thursday from ₦1600 the previous day. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.
Author: Akintayo Adams
Akintayo Adams
Akintayo Adams A. is an accomplished news editor at News VEO with several years of experience covering, crafting, and delivering compelling news and content that captivates target audiences.
The High Court of the Federal Capital Territory has limited participants in the August 1 hunger protest against the federal government to the MKO Abiola stadium, also known as the National Stadium. Justice Sylvanus Oriji issued this order on Wednesday in Abuja, following an ex-parte application by the Minister of the Federal Capital Territory. Chief Ogwu James Onoja argued the application, requesting an interim injunction to prevent the five leaders of the protesting groups from gathering or parading along any roadways, streets, offices, and public premises within the FCT from August 1 to 10. The minister also sought an order…
The Oyo State Government, through the State’s Universal Basic Education Board (OYOSUBEB) has officially released the results of its recently concluded computer-based tests. This announcement was made by the Executive Chairman of the Board, Dr. Nureni Aderemi Adeniran, in a press release on Wednesday in Ibadan. Dr. Adeniran stated that the Board has established a minimum cut-off mark of 50% for candidates to qualify for the next stage of the recruitment exercise. He emphasized that this cut-off mark will set the tone for the recruitment process. Candidates are advised to log into their portal to view their results, which have…
The Nigerian Government has disclosed that Niger, Benin Republic, and Togo owe the country $14.2 million in unpaid electricity bills for the first quarter of 2024. This information was revealed in the Nigerian Electricity Regulatory Commission’s (NERC) Q1 2024 report. NERC has instructed the Electricity Market Operator (MO) under the Transmission Company of Nigeria to enforce market rules to recover the $14.2 million owed by these international customers. The regulator expressed concern over the beneficiary countries’ failure to remit payments for electricity supplied by Nigeria. The report stated, “None of the four international bilateral customers being supplied by Generation Companies…
The Ọwá of Ìdànrè Kingdom in Òndó State, Oba Frederick Adegunle Arólóyè, ArúbíefÍn IV, has joined his Ancestors. He was aged 102. The Lísà of Ìdànrè Kingdom, Chief Christopher Akindolire, confirmed the death of the first-class traditional ruler on Wednesday. He stated that preparations for the necessary traditional rites are already taking place in the palace. He became the 26th Ọwá and paramount ruler of all Ìdànrèland in September 1976, following the transition of his father, the 25th Owa, Oba Aladegbule Aroloye Arubiefin III. Kábíyèsí presided over an adminstrative structure that governs over 400 villages and settlements that comprise Ìdànrè…
The Embassy of the United States of America (USA) in Nigeria has disclosed an upcoming alteration in its operations due to a major change of partner slated for August. This was contained in posts on its official X handle and its official website which were sighted by our reporter. “The U.S. Embassy in Abuja and the U.S. Consulate General in Lagos are moving to a new visa services provider on August 26, 2024,” it read. “If your interview is scheduled on or before August 16, 2024: No further action is required. You may continue to access your account at ustraveldocs.com to…
Chelsea have secured the signing of goalkeeper Filip Jorgensen from Villarreal for £20.7 million on a seven-year contract. The 22-year-old Dane made 37 appearances for Villarreal last season after establishing himself as the club’s first-choice goalkeeper. “This move is a dream come true,” Jorgensen said. “I am very excited to have signed for Chelsea, one of the biggest clubs in the world. I can’t wait to get to know everyone and to start playing with all my new teammates.” Jorgensen is expected to compete for Chelsea’s number-one position with Robert Sanchez. Although born in Sweden, Jorgensen represented Sweden at age-grade…
The Economic and Financial Crimes Commission (EFCC) on Tuesday invited the Chairman of the National Hajj Commission of Nigeria (NAHCON), Malam Jalal Arabi for questioning. This was not unconnected with allegations bordering on mismanagement of hajj funds. THISDAY reported that a source at the EFCC’s headquarters claimed that the NAHCON boss was invited to give explanation on an ongoing investigation of about ₦200 billion fraud that occurred around 2020 and 2021, but another said Arabi was invited over a series of petitions that arose from the just concluded 2024 Hajj exercise. The administration of President Bola Tinubu has disbursed ₦90…
Hamas leader Ismail Haniyeh was killed in an explosion in Tehran on Wednesday, the militant group and Iran’s state TV reported. Haniyeh was in the Iranian capital to attend the inauguration of Iran’s new president, Masoud Pezeshkian, and met with the country’s supreme leader on Tuesday. According to Hamas, their political leader and one of his bodyguards were killed in “a treacherous Zionist raid on his residence in Tehran.” Although Israel has not claimed responsibility for the attack, the government has been targeting Hamas leaders since the militant group attacked southern Israel on October 7, killing over 1,000 people and…
Oba Adejuyigbe Adefunmi II, the esteemed ruler of Oyotunji African Village, was allegedly fatally stabbed by his sister during a heated dispute in South Carolina, USA. The 47-year-old victim was transported to a nearby hospital where he succumbed to his injuries. The suspect, 53-year-old Akiba Kasale Meredith, fled the scene on foot following the stabbing. Authorities verified the fatal incident at Oyotunji African Village in Beaufort County. The Beaufort County Sheriff’s Office received a report of the stabbing on Monday around 2:45 p.m. at the village on Bryant Lane. Meredith was apprehended shortly afterward and charged with murder. She was…
