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TCN raises alarm about increasing vandalism incidents in Niger State
Politics
1 sources

TCN raises alarm about increasing vandalism incidents in Niger State

By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during ...

Ogoni monarch denies links to criminal gangs, threatens legal action
Politics
1 sources

Ogoni monarch denies links to criminal gangs, threatens legal action

By Daniel Abia PORT HARCOURT — The Chairman of the Khana Local Government Area Council of Traditional Rulers in Rivers State, King Suanu Timothy Baridam, has denied allegations linking him to criminal gangs operating in the area, describing the claims as false and defamatory. T...

Cardoso introduces Nigeria's new Overnight Financing Rate
Politics
1 sources

Cardoso introduces Nigeria's new Overnight Financing Rate

•Provides benchmark for pricing loans, deposits By Emma Ujah, Abuja Bureau Chief  The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, launched the Nigerian Overnight Financing Rate (NOFR), to guarantee greater transparency in the financial ma...

Today's Dollar to Naira exchange rate for June 16, 2026
Economy
1 sources

Today's Dollar to Naira exchange rate for June 16, 2026

The Nigerian naira remained stable against the US dollar on June 16, 2026, in both the official and parallel markets. This stability reflects a consistent exchange rate environment for the currency.

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