
Breaking News in Nigeria Today Wednesday 1st January 2025
Here are some of the Breaking News in Nigeria Today Wednesday 1st January 2025 on some of the nation newspapers .
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target=_blank>Reps Member Asks Presidency To Assume Control Of NDLEA
ShareThe House of Representatives Committee on Narcotic Drugs Chairman, Abass Agboworin, has expressed concerns over the high prevalence of drug abuse among young people and called for urgent action. Speaking on Fresh FM in Ibadan yesterday, he asked the Presidency to take control of the National Drug Law Endorsement Agency (NDLEA) and declare a state…
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target=_blank>Counter-Insurgency: Troops Killed, Arrested 23,475 Terrorists In 12 Months –DHQ
Share…says major defeat awaits terrorists this year The Defence Headquarters (DHQ) has maintained that the killing of 10,937 terrorists, and arrest of 12,538 others in 2024 were indicative of the imminent triumph of the State over violent extremism this year. The Director of Defence Media Operations, Maj-Gen. Edward Buba, made the assertion during the end-of…
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target=_blank>Bears Dominate Final Trading Day As ASI Sheds 22bps
ShareIn the final trading day of the year, the bears dominated the domestic bourse as the NGX All-Share Index (ASI) shed 22bps to settle at 102,926.40 points. The market’s weak performance was primarily driven by sell-off in MTNN (-3.75%), ARADEL (-0.33%) and UBA (-0.87%). Consequently, the market capitalisation lost N135.95 billion. Over the year, some…
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target=_blank>Nigerian Stock Market Soars To Record Highs Amid Transformation
ShareThe Nigerian Exchange Limited (NGX) has achieved a remarkable resurgence, evolving from the subdued performance of 2015–2019 to a position of unprecedented dominance in the 2020s. Driven by the resilience of investors and transformative macroeconomic reforms, Nigeria’s capital market has emerged as a beacon of growth and innovation, breaking all barriers of previous decades. Since…
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target=_blank>Fitch: Consolidation Of EMEA Islamic Banks To Continue This Year
ShareConsolidation will continue to shape the market in Europe, the Middle East and Africa (EMEA) next year, particularly when it comes to smaller Islamic banks with weaker franchises, Redmond Ramsdale, head of Middle East Bank Ratings and Islamic Banking, Fitch Ratings, has said. Islamic banks are expected to maintain solid liquidity, adequate capital buffers, and…
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target=_blank>World’s BestPerforming Currency Fails To Slow Kenyan Inflation
ShareKenya’s annual inflation rate climbed for a send successive month in December as higher food and transport costs offset the effects of the shilling’s world-beating performance this year, according to a Bloomberg report. The consumer price index rose three per cent, compared with a 2.8 per cent increase in November, Kenya’s National Bureau of Statistics…
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target=_blank>Underwriter Gets IQNET-Recognised Certificate
ShareStanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings and a leading life insurance service provider in Nigeria, has successfully passed a comprehensive audit, which has resulted in the issuance of an International Certification Network IQNET)-recognised certificate, confirming that the company has implemented and maintained a Quality Management System, by DQS Holding, according to…
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target=_blank>Analysts Link Rising Forex Inflows To CBN’s Tight Monetary Policy
ShareAnalysts at FBNQuest Research have attributed the recent surge in foreign exchange inflows to the country to the Central Bank of Nigeria’s (CBN) contractionary monetary policy stance. The analysts stated this while reacting to latest data released by the apex bank, which shows that the total FX inflow into the Nigerian economy increased by 40…
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target=_blank>Procurement Agency Celebrates Pioneers, Trailblazers
ShareThe Lagos State Public Procurement Agency has honoured its pioneers and trailblazers who laid the foundation of excellence to inspire the next generation of officers to uphold the principles of transparency, accountability, and due process. The Head of Service, Bode Agoro at the maiden edition of the Eko Public Procurement Officers’ Forum, Retirees End of…
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target=_blank>‘120 Students Graduated From Whingan’s Badagry 1000 Tech Talents
Share120 students from three council areas in Badagry Federal Constituency have graduated from the constituency’s 1,000 Tech Talents Programme as the first cohort. The News Agency of Nigeria (NAN) reports that the initiative is to equip 1,000 youths in Badagry Federal Constituency with cutting-edge technological skills to address unemployment and poverty. It was organised by…
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