•Fuel scarcity As fuel scarcity lingers across the country, many have engaged in panic buying and storing petrol in kegs and jerry cans in their homes and offices. Meanwhile, black marketers are selling more fuel than filling stations. Also, some Nigerians have thus expressed concern over the dangers posed by the careless handling of this [&he...
•Ukrainian servicemen of a drone hunting team The United States has agreed to sell $138m worth of urgently needed military equipment to Ukraine to repair and upgrade its HAWK missile systems while a larger $60bn aid package remains stalled in Congress. Ukraine’s air defences, which largely consisted of Soviet-era planes and missile systems whe...
In Hoske, a remote village in Nepal, some residents have been tempted into selling their kidneys under the false belief that the organs would grow back. The village is notorious as being the “Kidney Valley” or the “village with a single kidney” in the world because someone from almost every household has sold a kidney, […]
Three jets in the Presidential Air Fleet (PAF) are to be sold off, it was learnt at the weekend. This is part of the cost-saving measures being adopted by the Tinubu Administration, an official told our correspondent. There are 10 aircraft in the fleet – six jets and four helicopters – which will be cut […]
The naira gained marginally against the United States dollar at the Nigerian Autonomous Foreign Exchange Market on Tuesday, closing at N1,542.58/$ from N1,551/$ recorded on Tuesday. The rate represents a 2.9 per cent appreciation from the N1,598.54 traded on Monday and a meagre 0.58 per cent against Tuesday’s rate, reports The PUNCH. According...
•Femi Falana As a way to strengthen the naira against the dollar, human rights lawyer, Femi Falana, has urged the federal government of Nigeria to join economic bloc BRICS and sell the Nigerian crude to foreigners in naira and not in the United States’ currency. He also said the federal government should reduce its reliance […]
French energy giant TotalEnergies is set to sell its onshore business in Nigeria, its CEO Patrick Pouyanne has said, noting that operation in the Niger Delta is a “real difficulty.” Another oil major Shell announced last month that it was selling its onshore property—the Shell Petroleum Development Company(SPDC)—after decades of operation in t...
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest today, Thursday February 1, 2024. The CBN, which made the disclosure in a new circular released yesterday, also warned lenders against hoarding excess foreign currencies for...
•The suspects – Chinyere Chukwu, and her daughter, Joy. The Anambra State Government, through the Ministry of Women and Social Welfare, has apprehended a 38-year-old woman identified as Chinyere Chukwu for attempting to sell her two sons. Chukwu, who hails from Okija in the Ihiala Local Government Area of the state, was said to have [&he...
•Armando Broja Fulham and Wolves are in talks over a late move to sign Armando Broja, with Chelsea ready to sell to the striker to help raise transfer funds for a big-money deal for a new No 9. Chelsea want £50million for Broja but both Fulham and Wolves hope to agree a fee below £35m […]