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FX utilisation jumps 74% to $16.2bn in Q1
via punchng.com
Nigeria’s foreign exchange utilisation rose sharply to $16.2bn in the first quarter of 2026, representing a 74 per cent increase from the same period a year earlier, as improved dollar supply and greater currency stability boosted activity across the economy. The latest figures, contained in the Central Bank of Nigeria’s Quarterly Statistical Bulletin, show thatRead More: https://punchng.com/fx-utilisation-jumps-74-to-16-2bn-in-q1/ -
NDC defends donations, levies, denies payments for tickets
via vanguardngr.com
Party says Dickson neither demanded nor received money from aspirantsBy Henry UmoruABUJA — THE Nigeria Democratic Congress, NDC, has dismissed reports alleging irregularities in its candidate selection and financing ahead of the 2027 general elections, insisting that there were no illegal payments or favouritism in the process.The party said its decision to seek donations, levies and contributions from members, aspirants and supporters was lawful, strategic and provided for in its constit -
INEC fixes Sept 19 for by-elections in 4 states
via vanguardngr.com
The Independent National Electoral Commission (INEC) has fixed Sept. 19 for the conduct of five by-elections in four states: Gombe, Kano, Bauchi and Delta.The Chief Press Secretary to the INEC chairman, Mr Tunde Oketola, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.Oketola said that the by-elections comprised one federal and four state constituencies.According to Oketola, the by-elections will take place at the Gombe/Kwami/Funakaye Federal Constituenc -
Italian priest quits priesthood, marries Kenyan woman in traditional ceremony
via vanguardngr.com
An Italian Catholic priest, Sandro Ferretto, 55, has left the priesthood and married a Kenyan woman, Sharon Jepng’ok, in a traditional ceremony in Baringo County, Kenya.Ferretto married Jepng’ok, a Tugen woman from Baringo South, on September 6 at Seretion village, Kasiela, the same area where he served as a Catholic parish priest for 12 years.The couple were joined through a Koito ceremony, a Kalenjin customary rite involving dowry negotiations and family blessings, with relatives, -
‘I didn’t file any petition against Adeleke’ — Osun PDP candidate
via vanguardngr.com
The Peoples Democratic Party (PDP) governorship candidate in the August 15 Osun State election, Adebayo Adedamola, has disowned a petition challenging Governor Ademola Adeleke’s victory, saying neither he nor his counsel filed or authorised the case.Adedamola’s denial comes after petitions were displayed at the Osun State Governorship Election Petition Tribunal in Osogbo on Monday.One of the petitions, marked EPT/OS/GOV/02/2026, was reportedly filed in Adedamola’s name against -
NRS Reform: Inside the drive to build a smarter, simpler tax system
via vanguardngr.com
By Babajide Komolafe
Nigeria’s tax administration is entering a phase in which the quality of information available to the tax authority could become as important as the revenue collected.
Across the economy, transactions are increasingly generated and recorded digitally. The challenge for the Nigeria Revenue Service, NRS, is how to use such information to identify taxable activity, verify declarations, reduce leakages and make compliance less cumbersome.
This is the direction of the ongo -
El-Rufai demands N10bn, apology from Defence Minister Musa
via vanguardngr.com
ABUJA — FORMER Kaduna State Governor, Nasir El-Rufai, has demanded N10 billion compensation and a public apology from the Minister of Defence, Gen. Christopher Musa (retd.), over alleged defamatory statements made against him during a television programme.El-Rufai’s demand was contained in a letter before action dated Monday, September 7, 2026, issued by his lawyers, Chambers of Ubong Akpan, and addressed to Musa at the Federal Ministry of Defence, Abuja.The letter followed Musa&rsq -
Baba-Ahmed suffering from post-political identity crisis after running with Obi – Okonkwo
via vanguardngr.com
By Bayo WahabKenneth Okonkwo, spokesperson for the presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has said Yusuf Datti Baba-Ahmed may be suffering from what he described as a “post-political identity crisis” following his experience as Peter Obi’s running mate in the 2023 presidential election.Okonkwo made the remarks during an interview on Arise TV’s Daybreak on Tuesday while reacting to Baba-Ahmed’s recent claim that none of the -
NAFDAC: Unbranded palm oil, fufu outside our direct oversight
via vanguardngr.com
ABUJA — The National Agency for Food and Drug Administration and Control, NAFDAC, has said it does not have direct and absolute regulatory oversight over unbranded palm oil, fufu and other traditionally packaged staple foods sold in open markets.The Director-General of NAFDAC, Prof. Mojisola Adeyeye, disclosed this on Monday while briefing journalists on the agency’s efforts to tackle suspected counterfeit, adulterated and unsafe products in circulation across the country.Adeyeye al -
Dangote Refinery IPO: 10 steps to buy shares for N5,250
via vanguardngr.com
By Udeme Akpan, Energy EditorThe proposed Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO) will allow investors to acquire shares in one of Africa’s biggest industrial projects, with the offer price set at N525 per share and the minimum subscription at 10 shares, costing N5,250.
The offer is expected to open on September 14, 2026, giving investors an opportunity to participate in the ownership of the 700,000-barrels-per-day refinery.
Here are the 10 key steps pr -
2027 polls: Voter register nears 100m — INEC
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LAGOS — Nigeria’s national voter register is approaching the 100 million mark ahead of the 2027 general elections, with the Independent National Electoral Commission, INEC, recording 10,772,421 new registrants during the latest Continuous Voter Registration, CVR, exercise.INEC Chairman, Prof. Joash Amupitan, disclosed this on Monday in Lagos, saying the commission was also set to deploy a real-time election readiness tracker to monitor preparations across the 36 states and the Feder -
Burundians rush to leave Kenya after crackdown on businesses
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Hundreds of Burundians living in Kenya flocked to their embassy in Nairobi on Monday seeking travel documents to leave the country, days after President William Ruto ordered the closure of small businesses run by foreigners.Read Also: Xenophobia: FG seeks compensation from South Africa over properties Nigerians leave behindKenya has long attracted migrants from across the East African Community (EAC), whose members enjoy freedom of movement within the regional bloc.Last week, Ruto gave foreign- -
You can come back with your expired passports, NIS tells Nigerians abroad
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….4 things to know about passport renewalBy Omeiza AjayiABUJA: The Nigeria Immigration Service NIS has explained that Nigerians in the diaspora do not need a valid passport to travel home, as expired passports can still be used for the journey and renewed once the holder is back in the country.The clarification is coming as many Nigerians abroad plan their end-of-year trips home, with the NIS noting that travellers coming in for the December season can conveniently use the visit to proce -
‘N355.9bn NELFUND loans at risk as repayment nears’
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ABUJA — About N355.87 billion disbursed by the Nigeria Education Loan Fund, NELFUND, could face recovery challenges when repayments begin unless the Federal Government urgently strengthens the scheme’s repayment architecture, a higher education policy think tank has warned.The iRead To Live Initiative, in a policy brief released on Monday, urged the government to integrate NELFUND with income data from the Nigeria Revenue Service to track beneficiaries and recover loans, particularl -
Cartoon: Of executhieves and legislathieves
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Troops foil Boko Haram ambush in Borno, recover arms
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By Ndahi Marama, MaiduguriMAIDUGURI — Troops of the 27 Task Force Brigade, under the Joint Task Force North East, Operation HADIN KAI, have foiled an ambush by suspected Boko Haram terrorists along the Buni Gari-Buratai road in Biu Local Government Area of Borno State.The terrorists reportedly ambushed the troops at about 10:45 a.m. on Monday, September 7, 2026, while they were conducting operations along the route.The Acting Media Information Officer, Headquarters Joint Task Force North -
Catholics celebrate Virgin Mary’s birthday today
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TODAY, September 8, the Holy Mother Church celebrates the Feast of the Nativity of the Blessed Virgin Mary, commemorating the birth of the Mother of God and our spiritual mother.
Catholics all over the world honour the Blessed Virgin Mary on this beautiful feast, recognising her as a shining example of Christian virtue. Mary’s life teaches us that, even amid the struggles and difficulties of earthly life, it is possible to remain faithful to God and journey towards heaven.
As her children -
Buhari surrounded by sycophants who weakened his govt, betrayed his trust – Lawal Daura
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ABUJA — Former Director-General of the Department of State Services, DSS, Lawal Daura, has blamed the failings of the late former President Muhammadu Buhari’s administration on people around him whom he described as sycophants who betrayed the confidence reposed in them.Daura, who is the vice-presidential candidate of the Allied Peoples Movement, APM, stated this in an interview on Channels Television’s Politics Today, aired Monday.He also dismissed claims that Buhari’s -
Power remains biggest obstacle to industrial growth — Minister
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By Kafayat KokumoLAGOS—MINISTER of State for Industries, Senator John Enoh, has identified electricity and power constraints as the biggest obstacle to translating Nigeria’s economic growth into real prosperity, saying industries are spending more to generate power for their operations.
Enoh, speaking at Arise TV yesterday , said the country’s 4.43 per cent real Gross Domestic Product, GDP, growth in the second quarter of 2026 was encouraging, but stressed that the government -
PremiumTrust Bank gets dual credit rating upgrades
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By Henry ObettaPremiumTrust Bank has received dual credit rating upgrades from Agusto& Co. and DataPro Limited, underscoring its financial strength, sound risk management and growth trajectory.Agusto upgraded the Bank’s long-term rating from BBB+ to A- and short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and affirmed its short-term rating at A1. The upgrades followed the Bank’s strong performance, with a pre-tax profit of N177.1 billion a -
Police bust child trafficking syndicate in Oyo, rescue 17 children
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By Kingsley OmonobiABUJA — The Nigeria Police Force has uncovered an alleged child-stealing and human trafficking syndicate operating across Oyo, Ogun and Delta states, rescuing 17 children and arresting seven suspects.The Force Public Relations Officer, CSP Aniete Iniedu, disclosed this in a statement, saying the breakthrough followed an intelligence-led investigation into the disappearance of a three-year-old child, Ifakunle Ifagbenro, during a masquerade festival in Oyo town on June 29 -
Gov Ododo bans night arrests in Kogi
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GOVERNOR Ahmed Usman Ododo of Kogi State yesterday banned night arrests across the state, warning security operatives to desist from invading homes under the cover of darkness.
The governor gave the order while addressing first-class chiefs at the Banquet Hall of the Government House, Lokoja, in what stakeholders described as one of his strongest pro-people security pronouncements.
“No arrest should be made in the night. If you have any case against anybody, wait till daytime, follow due -
Dollar to Naira Exchange Rate Today, September 8, 2026
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The dollar to naira exchange rate remains a key focus for Nigerians as the local currency continues to trade at different levels in the official and parallel foreign exchange markets.The latest available market data puts the official Nigerian Foreign Exchange Market (NFEM) rate at about ₦1,321.68 per US dollar. The parallel market, meanwhile, is quoting the dollar at approximately ₦1,395 to buy and ₦1,405 to sell, according to the latest available market tracker -
Okonkwo takes swipe at Obi over attendance at APM campaign office launch
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Kenneth Okonkwo, spokesperson for the Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has taken a swipe at Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), over attendance at the inauguration of the presidential campaign office of Oyo State Governor Seyi Makinde in Abuja.He made the remarks during an interview on News Central while responding to a question on why the ADC was not represented at the event on Monday.Explaining ADC&rsq -
Benue bans extra lessons, phone use, tightens rules in schools
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By Peter DuruMAKURDI—THE Benue State Government has rolled out stricter rules for schools as pupils, students and other learners resume for the 2026/2027 academic session, banning compulsory extra lessons, unauthorised use of mobile phones and graduation ceremonies for non-exit classes.
The Commissioner for Education and Knowledge Management, Dr. Margaret Adamu, while welcoming learners back to school yesterday, directed school proprietors, principals, headteachers and teachers to ensure -
DMO offers two savings bonds for September subscription
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By Elizabeth AdegbesanThe Federal Government through the Debt Management Office, DMO, has offered two savings bonds for September subscription.DMO made this announcement yesterday noting that the Savings bonds comprises a 2-Year FGN Savings Bond due Sept 16, 2028 at 14.12 percent per annum , and a 3-Year FGN Savings Bond due Sept 16, 2029 at 15.12 percent.According to DMO, the offer closes on September 11, 2026 with settlement date slated for September 16, 2026.Coupon payment -
NNPC disowns oil tanker found with 2,145kg of cannabis
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By ObasEsiedesa, AbujaThe Nigerian National Petroleum Company Limited (NNPCL) has disowned a truck bearing markings associated with the company after it was intercepted by the National Drug Law Enforcement Agency (NDLEA) with 2,145 kilogrammes of cannabis concealed in a compartment in Ondo State.NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Andy Odeh, on Monday, said preliminary checks showed that the vehicle, with registration number MKA 960 XC, was neither owned by t -
Tinubu’s reforms push reserves to $54.13bn — O’tega Ogra
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ABUJA — Nigeria’s gross foreign exchange reserves have risen to $54.13 billion, their second-highest level on record, according to O’tega Ogra, Senior Adviser on Digital and New Media to President Bola Tinubu.Ogra disclosed this in a post on his X handle on Monday, citing data from the Central Bank of Nigeria (CBN).According to him, the current reserve level is second only to the $62.08 billion recorded in September 2008, when Nigeria’s reserves reached their historical -
Nwifuru’s comment: Ebonyi opposition won’t be intimidated – PDP
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By Anayo OkoliENUGU — The Peoples Democratic Party (PDP) Youth Leader in Ebonyi State, Engr. Kalu Francis Okechukwu, has condemned remarks attributed to Governor Francis Nwifuru, describing them as a threat to democratic principles.Nwifuru had, in a viral video, charged newly inaugurated local government chairmen not to allow opposition parties to win in their respective areas, warning that any chairman who failed to comply would be removed.The governor was also heard directing the chairm -
UNIZIK ASUU activates ‘no pay, no work’
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By Vincent UjumaduNnamdi Azikiwe University branch of the Academic Staff Union of Universities, ASUU-NAU, has begun an indefinite strike over alleged incomplete August salary, saying it has activated ‘no pay, no work’ action in the institution.
At its congress on Monday in Awka, the ASUU -NAU , resolved to withdraw its services in compliance with the standing resolution of ASUU National Executive Council on non-payment of salaries.
According to the ASUU-NEC standing resolution, all
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