Over 16,000 obsolete weapons destroyed since inception – Arms Control Centre

Over 16,000 obsolete weapons destroyed since inception – Arms Control Centre

By Kingsley Omonobi The National Centre for the Control of Small Arms and Light Weapons (NCCSALW) says it has destroyed more than 16,000 obsolete, decommissioned and unserviceable weapons since its establishment as part of efforts to curb the proliferation of illicit firearms in Nigeria. Director-General of the Centre, retired Deputy Inspector-General of Police Johnson Babatunde […]
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SEC commences nationwide campaign to recover unclaimed dividends

SEC commences nationwide campaign to recover unclaimed dividends

By Peter Egwuatu  The Securities and Exchange Commission (SEC) has commenced a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other monies arising from capital market transactions. The campaign, which began with a town hall meeting in Lagos yesterday, is aimed at sensitising investors on the existence of unclaimed monies, the role of the […]

BoI to channel 70% of EIB facility to drive cocoa, dairy sectors

BoI to channel 70% of EIB facility to drive cocoa, dairy sectors

By Etop Ekanem Nigeria’s foremost development finance institution, Bank of Industry (BoI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa and dairy value addition drive, with a focus on processing, ingredients and chocolate manufacturing. Managing Director/CEO of BoI, Dr. Olasupo Olusi, disclosed this during the Africa Cocoa […]

UOO commends Gov Otti’s transformation of Abia

UOO commends Gov Otti’s transformation of Abia

Speaks on 70th anniversary By Osa Amadi The Chairman of U.O.O Nigeria Plc, Nze Edozie Uche Okafor, has commended the Abia State Governor, Dr. Alex Otti, on the rapid transformation he has brought to the state within a short time. Speaking recently at the 36th Annual General Meeting (AGM) of the company held in Lagos, Edozie […]

Dollar to Naira exchange rate today, July 17, 2026

Dollar to Naira exchange rate today, July 17, 2026

The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, July 17, 2026, as the official Nigerian Foreign Exchange Market (NFEM) continued to reflect modest day-to-day movements, while the parallel market maintained a premium over the official window.

External reserves now $52bn, as net reserves exceed $40bn

External reserves now $52bn, as net reserves exceed $40bn

•Reforms restore investor confidence •Bigger banks will drive growth – Cardoso By Babajide Komolafe Governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, yesterday, said Nigeria’s external reserves have risen to about $52 billion, while net external reserves have exceeded $40 billion. He attributed the improvements to reforms that have restored investor confidence and […]

Importers set to increase depot petrol price to N1,350/litre

Importers set to increase depot petrol price to N1,350/litre

Fuel importers are set to increase the depot price of petrol from N1,230 per litre to N1,350. As of Thursday Importers have reportedly notified marketers of the new depot price of N1,350 per litre, industry sources say. The new depot price is expected to take effect from July 17, according to a report publish by TheCable […]

Oriire Abduction: The children came home, the fears remain

Oriire Abduction: The children came home, the fears remain

For 56 agonising days, the people of Oriire Local Government Area of Oyo State measured time differently. The passing of each day was not marked by work, school or the ordinary rhythm of rural life, but by unanswered prayers and anxious anticipation. Parents woke every morning hoping for news of children who had disappeared into captivity.