The naira is trading at different rates against the US dollar across Nigeria’s official and parallel foreign exchange markets on Thursday, November 5, 2026. In the official Nigerian Foreign Exchange Market (NFEM), the dollar is valued at approximately ₦1,347.30, based on the latest reported offic...
News
Cross River State Governor, Senator Bassey Otu, has condemned in strong terms the attack on the convoy of the Nigerian Democratic Congress (NDC) presidential candidate, Peter Obi, by suspected political thugs yesterday in the state capital, Calabar. In a statement released by his...
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By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has threatened sanctions against Port Facility Security Officers (PFSOs) that fail to properly report marine security incidents, warning that bypassing approved reporting channels constitutes a breac...
safety
…Demands declaration of pharmaceutical insecurity as national security threat …Says diverted tramadol, other controlled medicines fuel terrorism, violent crimes …Hails NLC, TUC, JOHESU over 19 months’ arrears, CONHESS adjustment By Chioma Obinna The Pharmaceutical Society of Nige...
safety
Police in Cross River State have arrested a 27-year-old man following an attack on Peter Obi’s convoy in Calabar, where suspected hoodlums smashed vehicle windshields with sharp objects. The post 2027: Police arrest suspect over attack on Peter Obi’s convoy appeared first on Prem...
business
TLG Capital, an investment firm focused on Sub-Saharan Africa, has provided a credit facility to Nigerian solar cooling company Koolboks to support its expansion across African markets. The post Koolboks secures TLG Capital funding to expand solar cooling across Africa appeared f...
News
•As borrowings drop 98% By Elizabeth Adegbesan Banks’ deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) fell by 87 per cent month-on-month to N1.22 trillion in October 2026 from N9.4 trillion in September. The breakdown of CBN’s financial...
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The Nigerian Senate has begun scrutinising President Bola Tinubu’s request to secure a $7.7bn (N10.79tn) external loan to help finance the 2026 budget. Read More: https://punchng.com/senate-considers-tinubus-n10-79tn-foreign-loan-request/...
business
By Rosemary Iwunze In a decisive move to reclaim its market position and confidence, Great Nigeria Insurance Plc, GNI, has undertaken a comprehensive overhaul of its claims operations, clearing over N3 billion in claims. According to the company, the liquidation of these liabilit...
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Mshel Homes says its customers deserve the work, as it continues to deliver on its real estate projects in Nigeria despite rising costs and tough times. Read More: https://punchng.com/why-mshel-homes-keeps-delivering-even-in-the-toughest-times/...
business
By Tunde Oso Barzan Holdings, Qatar’s leading national defence and security company, has spotlighted its cutting-edge defence technologies and industrial capabilities at the 2026 Africa International Defence Exhibition (AFRIDEX), held in Lagos, as part of efforts to advance defen...
parks
By Nwafor Sunday Activist and ally of Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), Aisha Yesufu, has appealed to Nigerians to contribute financially towards funding his 2027 presidential campaign. Yesufu, in a video posted on X on Wednesday, said th...
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•Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating...
