Data from the Central Bank of Nigeria, CBN, showed that the naira weakened further to N1,344.40 per dollar on Thursday, compared with N1,334.72 recorded on Wednesday.This means the naira depreciated by N9.68 against the dollar on a day-to-day basis, marking its highest depreciation this week.Similarly, the naira weakened at the black market to N1,377 per dollar on Thursday, compared with N1,375 traded on Wednesday.Meanwhile, the country’s foreign reserves stood at $55.15 billion, according to the latest foreign exchange data from the apex bank.
Author: StudNG
The Nigerian Communications Commission, NCC, has urged residents of Taraba State to take ownership of and protect Critical National Information Infrastructure, CNII, to strengthen cybersecurity and support national development.The commission made the call at a stakeholders’ engagement and sensitisation forum held in Jalingo, the Taraba State capital on Thursday, where government officials, telecommunications operators, security agencies, industry leaders and other stakeholders discussed measures to safeguard the country’s critical digital infrastructure.The NCC described the federal government’s designation of telecommunications infrastructure as Critical National Information Infrastructure under the Cybercrimes Act as a landmark decision that underscores the importance of protecting the nation’s…
The Federal Ministry of Power, through the Transmission Company of Nigeria, TCN, in partnership with the Kano State Government, has commissioned four transmission substations, adding 544MW of wheeling capacity to Kano State’s power grid.The substations are located at Walalambe, Kumbotso, Dakata and Dan-Agundi. Walalambe has a new 80MW-capacity substation with two 40MVA transformers, while Kumbotso has received 300MVA at the 330kV level and 100MVA transformers. Dakata and Dan-Agundi have each gained an additional 100MVA transformer at the 132kV level.The commissioning was carried out by the Honourable Minister of Power, Joseph Tegbe, alongside the Permanent Secretary of the Ministry, Mahmuda Mamman;…
The presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has said the ruling All Progressives Congress, APC, has no moral right to stop him from using the Presidential Villa for his campaign. Sowore, who spoke on Arise Television’s Prime Time on Thursday, said the APC has turned the Villa into its party office.”If the APC can use the Presidential Villa for its political activities with catering, logistics, and security provided, we are entitled to the same,” Sowore said.”The APC has been using the Presidential Villa for meetings, launches, and weddings in some cases. It is fair for us…
The Director General of the Nigerian Ports Authority, NPA, Dr Abubakar Dantsoho has warned that the rapid adoption of artificial intelligence, AI, in port operations could trigger significant economic disruptions across Africa amid rising cyberattacks targeting maritime infrastructure.Dantsoho gave the warning at the recently concluded African Ports Conference in Casablanca, Morocco, according to a statement on Thursday.Dantsoho said cyberattacks on ports could disrupt cargo handling, delay shipments and interrupt trade, exposing African economies to significant losses as port operators increasingly embrace digital technologies.He called for stronger cybersecurity measures, regional intelligence sharing and common digital standards across African ports to mitigate…
Lere Olayinka, media aide to the Minister of the Federal Capital Territory, Nyesom Wike, has defended the decision by some opposition figures to support President Bola Tinubu’s re-election bid, insisting that the move does not amount to anti-party activity.Olayinka, who is also a spokesperson for the Directorate of Media and Strategic Communications of the APC Presidential Campaign Council, made the remarks in an interview with Arise TV while discussing political realignments ahead of the 2027 general election.He argued that the support Tinubu is receiving from politicians outside the ruling All Progressives Congress, APC, reflects a significant development in Nigeria’s political…
Barcelona midfielder, Xavi Espart, has fired a warning to Real Madrid ahead of both sides’ El Clasico in the LaLiga on Sunday.Espart, who scored a goal in Barcelona’s 4-2 defeat to Paris Saint-Germain in the Champions League in mid-week, warned that the encounter will be a war.Speaking to TNT Sports about Barcelona’s clash against Real Madrid, Espart said, “It will be a war.
The convicts, Taledo Demiel, Namomai Medan and Mikaila Yusuf, were sentenced on Thursday by Justice Christopher Mapeo after the court found them guilty of multiple offences linked to the abduction.The offences included criminal conspiracy to commit kidnapping, conspiracy to commit armed robbery, armed robbery, harbouring kidnapped persons and negotiating to receive ransom.The Department of State Services, DSS, said the judgment brought to seven the number of death sentences it had secured in 2026.On May 20, an Ekiti State High Court sentenced Ibrahim Abubakar and Abdullahi Abubakar to death by hanging for kidnapping.On June 3, a Federal High Court in Abuja…
The National Chairman of the Peoples Redemption Party, PRP, Hakeem Baba-Ahmed, has described President Bola Tinubu as a failure, accusing his administration of worsening insecurity and economic hardship ahead of the 2027 general elections.Baba-Ahmed made the remarks on Channels Television’s Politics Today, arguing that Tinubu had failed to deliver meaningful improvements after three and a half years in office.He questioned reports that the president would campaign in only a few locations, insisting that Tinubu should personally engage Nigerians and explain the impact of his policies.The PRP chairman also faulted the administration’s economic reforms, arguing that policies described as tough had…
The former governor is seeking N10 billion in damages, alleging that the commission prevented his wife, Aichatou Asabe, and son, Abba El-Rufai, from visiting him while he was in custody.He also asked the court to declare that his fundamental rights under Part IV of the 1999 Constitution, as amended, remain protected despite his detention.In its response, the ICPC and its chairman denied the allegations in El-Rufai’s supporting affidavit.John Uche, a Chief Anti-Corruption Assistant in the commission’s Internal Security Support Unit, said El-Rufai was being held lawfully under an order issued by the Federal High Court in Kaduna in case number…