Author: statereporter

The Central Bank of Nigeria (CBN) has confirmed that it sold foreign exchange (FX) to banks worth $876.26 million at ₦1,495 per dollar. According to a statement dated August 7, signed by Omolara Omotunde Duke, CBN’s director of the financial markets department, the apex bank said the auction aimed to reduce demand pressure in the FX market and promote price discovery. The CBN said the transaction was conducted through a retail Dutch auction system (rDAS). According to the apex bank, while bids valued at $876.26 million from 26 banks qualified, bids from six banks were disqualified. The CBN said four…

The General Overseer, Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye has criticized women who do make-up before their weddings. According to Pastor Adeboye, women who believe that they can improve on what God has created are fools and don’t believe God did a perfect job. He spoke during the RCCG ministers’ conference at its National Convention on Lagos-Ibadan Expressway. Adeboye said, “It wasn’t so in the beginning. When you marry, you cut your coat according to your clothes. “Some of you want to be like the people of the world. I can’t even imagine some of the things…

Strong reactions have erupted across social media following a shocking TikTok live session where a notorious bandit kingpin, clad in military camouflage, was seen rendering financial assistance to his followers. The live session, which quickly went viral, showed several followers eagerly sharing their account numbers in the comment section, hoping to receive money from the bandit leader. Videos of the session were subsequently uploaded on X, formerly known as Twitter, sparking widespread outrage. Many Nigerians expressed anger and disbelief that a criminal figure could openly flaunt his activities on social media. The incident has led to calls for swift action…

The National President of the Arewa Youths Consultative Forum (AYCF), Yerima Shettima, has described the eight years in office by former President Muhammadu Buhari as a waste for the northern region and the entire country. He submitted that the North has been neglected for so long by the previous leaders and the people of the region have been pushed to the wall. Shetimma made the submission in an interview with Vanguard which was published on Sunday. He described the eight years of the Buhari government as a waste, adding that the decision of the northern people to join the recent…

Former Vice President Atiku Abubakar has warned against attempts to hinder the progress of the Dangote Refinery, a significant private sector project aimed at meeting Nigeria’s energy and foreign exchange needs. In a statement on X, Atiku emphasized the importance of safeguarding the refinery from both internal and external forces that may seek to prevent the country from benefiting from the project. Atiku likened the need to protect the refinery to a parent’s duty to nurture and develop their child, stressing that investments, whether local or international, require careful attention to thrive.

Team Nigeria ended their participation in the 2024 Olympics in Paris, France, without securing any medals for the country. The last remaining athlete representing Nigeria, Hannah Reuben, aimed to clinch a medal for the West African Country in the women’s freestyle wrestling 76kg category. Unfortunately, she was defeated in her second-round fight, losing 5-2 (by points) to Mongolia’s Davaanasan Amar Enkh. The disappointment came from Tobi Amusan’s inability to advance to the final of the women’s 100m hurdles. Furthermore, Nigeria’s 4x400m men’s relay team faced disqualification following their semi-final race. This unfortunate outcome marked Nigeria’s poorest performance at the Olympics…

Nigeria’s last medal hopeful, Hannah Amuchechi Reuben has crashed out of the 76kg Women’s Freestyle Wrestling at the ongoing Paris Olympics. Reuben crashed out in the quarter-finals of the 76kg Women’s Freestyle Wrestling on Saturday, August 10, after losing 2-5 to Davaanasan Amar Enkh of Mongolia. Reuben’s defeat means Team Nigeria is coming home from the Paris Olympics without a medal.

The National Youth Service Corps (NYSC) has refuted claims circulating on social media that corps members have been instructed to upgrade their bank accounts in preparation for the payment of a new N70,000 minimum wage. In a statement issued on Sunday, NYSC spokesperson Eddy Megwa dismissed the reports as “absolute falsehood,” clarifying that the scheme has not received any official directive from the government regarding the new minimum wage for corps members. Last month, President Bola Tinubu approved an increase in the national minimum wage to N70,000 following weeks of discussions with leaders of the Nigeria Labour Congress (NLC) and…

A chieftain of the All Progressives Congress, (APC), Joe Igbokwe has claimed that election losers planned to stage a coup against President Bola Tinubu. Igbokwe argued that Tinubu cannot be removed through a coup, adding that he used 30 years to prepare for his time to occupy the highest political seat in Nigeria. He stated this via his Facebook page. According to the APC chieftain, the coup would be unsuccessful as long as Tinubu is in power. He wrote: “Election losers wanted to stage a Coup against a President that laboured for nearly 30 years to prepare himself for the…

Manchester City avenged their FA Cup final defeat to Manchester United, winning the Community Shield 7-6 in a penalty shootout after a 1-1 draw at Wembley Stadium. The match saw a late surge in action, with Alejandro Garnacho giving United the lead in the 82nd minute, only for Bernardo Silva to equalize in the 89th minute. In the penalty shootout, Jadon Sancho and Jonny Evans missed their shots for United, while Manuel Akanji scored the winning penalty for City. This marks City’s first Community Shield win since 2019, despite being without key players due to their late return from international…