N1,500/$1: Naira bounces back, against dollar as traders quote new exchange rate

The Nigerian currency has appreciated significantly in the official foreign exchange market against the pound, euro, and US dollar. According to data from FMDQ Securities, the naira closed at N1,500.00/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, July 22, 2024. This represents a 6.1%, or N96 appreciation, when compared to the N1,596.92/$1 […]

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Dangote’s claim: Ezekwesili demands probe as Kyari denies owning foreign plant

A former Minister of Education, Oby Ezekwesili, has called for an independent audit of why the Nigerian National Petroleum Company Limited capped its investment in the Dangote Petroleum Refinery at 7.2 per cent instead of the planned 20 per cent. This was as the Group Chief Executive Officer of the NNPC, Mele Kyari, denied owning […]

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Discos rake in N291bn amid power sector crisis

The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in parts of the country. This was even as the nation lost 673 megawatts of power generation capacity due to gas shortages during the period. In a report by the Nigerian Electricity Regulatory Commission, it was […]

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‘All Monies in Nigeria Dormant Accounts Prone to Fraud’ – CBN Governor Cardoso Says

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that monies in dormant accounts in banks are susceptible to fraudulent activities. He made this known on Tuesday, July 23, 2024 at the end of the 296th meeting of the Monetary Policy Committee in Abuja, where he disclosed an increase in the benchmark […]

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NACCIMA, others kick as CBN hikes interest rate to 26.75%

The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its benchmark interest rate, the Monetary Policy Rate, MPR to 26.75 per cent from 26.25 per cent, a decision faulted by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, Nigeria Employers’ […]

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Tesla reports profit drop on price cuts, lower vehicle sales

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology. Elon Musk’s electric vehicle company reported profits of $1.5 billion, down 45 per cent, on revenues of $25.5 billion, which were up two per cent behind an increase in its […]

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Blues Club Chelsea’s Role in Osimhen’s potential Move to Paris Saint-Germain, PSG Revealed

While Chelsea’s chances of signing Victor Osimhen are looking increasingly unlikely, recent reports have suggested that the English club holds the key to the Napoli striker’s move to Paris Saint-Germain. Osimhen has been linked with a move away from Napoli, with many assuming that the game against Lecce at the Diego Armando Maradona Stadium in […]

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I Clearly Wish Him The Best; He Will Choose And Find His Way.” Maduka Okoye Speaks on Osimhen’s Transfer Saga

Maduka Okoye and Victor Osimhen during Napoli’s Serie A clash against Udinese last season Maduka Okoye and Victor Osimhen during Napoli’s Serie A clash against Udinese last season Udinese goalkeeper Maduka Okoye has weighed in on the ongoing conversation surrounding Victor Osimhen’s potential summer transfer from Napoli. Osimhen, 25, is expected to leave the Diego […]

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Chelsea boss Maresca breaks silence on Enzo Fernandez racist chant

Chelsea manager Enzo Maresca has defended midfielder Enzo Fernandez after the 23-year-old faced backlash for participating in racist chants targeting French players following Argentina’s Copa America win. Fernandez recorded a live Instagram video of Argentina players singing racist songs about French players’ heritage in the dressing room after defeating Colombia 1-0 in the Copa America […]

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Monaco signs 17-year-old Nigerian striker who slayed Barcelona in Champions League

Nigerian striker, George Ilenikhena joins Monaco Nigerian striker, George Ilenikhena joins Monaco Monaco has signed 17-year-old Nigerian striker George Ilenikhena from Royal Antwerp for €20 million, after an impressive season with the Belgian Pro League side. Ilenikhena joined Antwerp last season from Amiens SC for €6 million and made a significant impact, scoring 14 goals […]

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Transfer Deal: CR7 Cristiano Ronaldo to Make Major League Soccer, MLS Move, Joining Lionel Messi

Cristiano Ronaldo could potentially join his long-time rival Lionel Messi in Major League Soccer (MLS), according to emerging reports. Peterborough owner Darragh MacAnthony is considering signing Ronaldo from Saudi Pro League side Al Nassr. The 39-year-old, who joined Al Nassr after a fallout with Manchester United boss Erik ten Hag in 2022, has a year […]

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Super Eagles stars who are free agents this summer

The European season officially ended at the end of June, with some Nigerian players seeing the end of their contracts with their respective clubs. In this article, MyNigeriaSports will look at some Super Eagles stars whose contracts expired at the end of last month and some speculations surrounding their future. Kelechi Iheanacho Kelechi Iheanacho became […]

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Paris 2024: Nigerian athletes who are likely to clinch gold at Olympics

Nigeria has participated in 18 Summer Olympic Games since making its first appearance in Helinski, 1952. The country has since participated in every edition of the games excerpt for the boycotted 1976 Summer Olympics. Nigerian athletes have won a total of 27 athletes with the 1996 edition being the country’s best-ever outing at the games […]

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5 things to do to keep your heart healthy

By adding these simple yet effective practices into your daily routine, you can significantly reduce your risk of heart-related issues and improve your overall well-being. Maintaining a healthy heart is more important than ever! People die every day globally because of heart failure. Cardiovascular diseases have remained a leading cause of death globally. This has […]

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