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Operators see new technology, human capacity devt to revolutionize industry, economy

Operators see new technology, human capacity devt to revolutionize industry, economy

.As financial constraints threaten marine indigenous operators from adopting technologies – Ebhodaghe By Ediri Ejoh Operators in the petroleum sector have called for the acceptance of new technologies and human capacity to drive needed growth in the sector as well as boost the country’s economy. Speaking during a panel session tagged ‘Driving Energy Innovation: Technology-Powered […]

I rejected ₦300m ransom demand for my kidnapped brothers — Zamfara Gov

I rejected ₦300m ransom demand for my kidnapped brothers — Zamfara Gov

ABUJA — Zamfara State Governor, Dauda Lawal, has revealed that he refused to pay a ₦300 million ransom demanded by kidnappers who abducted his brothers in 2019, maintaining that paying ransom only fuels kidnapping and other criminal activities. The governor disclosed this on Thursday while speaking at the ARISE News/THISDAY Town Hall Conference on State […]

Dangote effects another cut in petrol price

Dangote effects another cut in petrol price

•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria’s downstream petroleum market. Meanwhile, the global […]

CBN: Standard N100 note remains legal tender

CBN: Standard N100 note remains legal tender

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has stated that the Standard N100 note is still a legal tender and must be accepted for all transactions. The apex bank, in a statement by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali, yesterday, said the clarification became necessary, following reports that some […]

Dollar to Naira exchange rate today, July 9, 2026

Dollar to Naira exchange rate today, July 9, 2026

The Nigerian naira traded at approximately ₦1,373.99 per United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Thursday, July 9, 2026, according to the latest available market data.

COFAS calls for Cooperative Development Fund in Anambra

COFAS calls for Cooperative Development Fund in Anambra

Laments poor financing, weak governance in the sector By Cynthia Alo The Cooperative Federation of Anambra State Limited, COFAS, has called on the State Government to establish a Cooperative Development Fund, CDF, and integrate cooperatives into the state’s economic planning. COFAS also disclosed that poor access to finance, weak governance structures, and low digital literacy […]

NAICOM charges NIA to rebuild public trust in insurance

NAICOM charges NIA to rebuild public trust in insurance

By Rosemary Iwunze Commissioner for Insurance, National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers Association, NIA, to lead the rebuilding of public trust in insurance as the industry enters a new phase of transformation. He gave the charge at the Investiture Ceremony of Mrs. Ebelechukwu Nwachukwu as the 27th Chairman of […]

Rising cost of essentials to push more Nigerians into poverty — IMF

Rising cost of essentials to push more Nigerians into poverty — IMF

•Maintains forecast for Nigeria’s GDP at 4.1% in 2026, 4.3% in 2027 •Says improved macroeconomic stability supports Nigeria’s economy By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved macroeconomic stability, even as it maintained growth forecasts for […]

DSS confirms detention of journalist, Zainab Sodiq over alleged unauthorized drone

DSS confirms detention of journalist, Zainab Sodiq over alleged unauthorized drone

The Department of State Services (DSS) has confirmed the detention of one Zainab Sodiq over alleged possession of an unauthorized unmanned aerial vehicle (UAV), commonly known as a drone. This is coming after Publisher of Sahara Reporter, Omoyele Sowore accused the secret police of unlawfully detaining the journalist. In a statement issued on Thursday by […]

IMF: Rising cost of essentials to push more Nigerians into poverty

IMF: Rising cost of essentials to push more Nigerians into poverty

…Projects Nigeria’s GDP at 4.1% in 2026, 4.3% in 2027 …Cuts global growth forecast to 3.0% for 2026 …Says improved macroeconomic stability supports Nigeria’s economy By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved macroeconomic stability, […]