Mcebisco 
The value of the naira closed the year 2024 weaker than it opened the year with as the Central Bank of Nigeria (CBN) said capital inflow into the country rose to $1.89 billion in the month of October. From N907 to the dollar which it closed at the official end of the foreign exchange market … Read more
Resident doctors at the Ondo State University of Medical Sciences Teaching Hospital (UNIMEDTH), have begun an indefinite strike over the non-payment of hazard allowances and poor working conditions. The strike action, which began on Monday, followed a peaceful protest within the hospital’s premises. PREMIUM TIMES gathered that the health workers downed tools after repeated unmet … Read more
The Australian government has advised its citizens to reconsider the need to take a trip to Nigeria. A statement by the Australian Department of Foreign Affairs and Trade, DFAT, on Tuesday, cited a volatile security environment marked by terrorism, kidnapping and the potential outbreak of civil unrest as reasons for the advice. “Reconsider your need … Read more
The Central Bank of Nigeria has denied plans to declare old naira notes illegal. This development was communicated in a December 2024 news update of the CBN published on its website. According to the circular “in line with the Bank’s previous clarifications and to offer further assurance, the CBN wishes to reiterate that the subsisting … Read more
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to achieve a 95 per cent electricity offtake of their allocated energy for two out of three months per quarter. NERC said this in an addendum to its Order on Performance Monitoring Framework for Electricity Distribution Companies (DisCos), aimed at enhancing operational efficiency … Read more
President Bola Ahmed Tinubu has officially welcomed Nigerians to the New Year, with a promise of better days ahead. Naija News reports that the President made the promise in a New Year message to Nigerians released on Wednesday morning, January 1st, 2025. In his message, Tinubu said economic indicators point to a positive and encouraging … Read more
The Association of Resident Doctors (ARD) members at the University of Medical Sciences Teaching Hospital (UNIMEDTH) in Ondo State have initiated an indefinite strike due to the non-payment of their salaries and inadequate working conditions. Naija News understands that the medical personnel peacefully protested on Monday at the UNIMEDTH facility in Ondo town to emphasize … Read more
FCT, Abuja – On Monday, January 1, 2025, President Bola Tinubu delivered his first New Year’s Day address to Nigerians as the country’s leader. Tinubu’s New Year address comes amid widespread celebration by Nigerians. Below is the full text of his speech: Fellow Nigerians, As we enter 2025, I wish everyone a happy and prosperous … Read more
President Bola Ahmed Tinubu has reiterated his administration’s commitment to enhancing food production, reducing inflation on essential items like food and drugs to 15 per cent, and strengthening the Nigerian economy in the coming year. In his New Year message to Nigerians, Tinubu expressed optimism about the economic outlook for 2025, citing significant progress achieved … Read more
The Federal Government of Nigeria has submitted all necessary documentation to Finland to facilitate the extradition of Simon Ekpa, a prominent Biafra agitator facing charges related to terrorism. This development was disclosed by the Chief of Defence Staff, General Christopher Musa, during an interview on Channels Television. “Well, I’m sure he’s cooling off somewhere. Legal … Read more