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The Nigerian naira’s downward trajectory against the US dollar continued as it reached a new low of N950 to a dollar in the black market, marking a depreciation of N53 or 5.9 percent compared to its earlier trading rate of N897 within the week. Bureaux De Change (BDC) operators in Lagos attributed the increase to…
In a significant political shift in Kogi State, Rt Hon Momojimoh Lawal, the former Speaker of the Kogi State House of Assembly, announced his defection to the All Progressives Congress (APC) on Wednesday. This move was accompanied by the defection of former local government vice chairmen, party executives, and over 200 stakeholders of the People’s…
In a bid to promote peace and stability in the Sahel region, Nigeria’s President Bola Tinubu has granted permission to major Islamic groups to engage in negotiations with the military government that ousted Niger Republic’s democratically elected President, Mohamed Bazoum. The decision came after an interactive session held at the presidential villa in Abuja on…
The Central Bank of Nigeria (CBN) has underscored the country’s relatively favourable inflation rate, positioning it comparatively better than many African nations. Speaking at the 2023 Zenith Bank International Trade Seminar, the acting Governor of the CBN, Folashodun Shonubi, represented by Deputy Governor Kingsley Obiorah, highlighted various contributing factors to the global inflation trends. The…
Catholic Bishops of the Owerri Ecclesiastical Province have made a strong appeal to end the “indiscriminate sit-at-home orders” in the South-east region of Nigeria. They expressed concern over the detrimental impact of these orders on local economies, culture, and the mental well-being of the populace. During their meeting at the Umuahia Diocesan Secretariat, the Bishops…
A legal battle between former Nigerian Vice President Atiku Abubakar and former Lagos State Governor Bola Ahmed Tinubu has taken a new turn, as Atiku’s lawyer, Liu Angela, accuses Tinubu’s legal team of obstruction and lack of cooperation in the ongoing credentials dispute. The controversy centers around Tinubu’s academic credentials, particularly his educational records at…
A significant political confluence is underway as President Bola Tinubu engages in a meeting with two influential former governors, Nasir El-Rufai of Kaduna State and Nyesom Wike of Rivers State. The meeting, which took place at the State House, holds implications for the intricate political landscape of Nigeria. Former Governor Nyesom Wike and Nasir El-Rufai,…
Niger Republic is witnessing its first signs of internal opposition to the military government that came to power through a coup on July 26. An alleged former rebel leader turned politician, Rhissa Ag Boula, has initiated a movement called the Council of Resistance for the Republic (CRR) to challenge the army’s control. This movement marks…
In a significant step towards bolstering Nigeria’s food security, Vice President Kashim Shettima has extended the Federal Government’s assurance of partnership to the International Institute of Tropical Agriculture (IITA). The pledge came during a meeting at the Presidential Villa in Abuja, where a delegation from IITA, led by Director-General and Regional Director for Africa, Simeon…
Sanusi’s Strategic Role in Resolving Niger’s Political Turmoil In a bold and unexpected move, Alhaji Muhammadu Sanusi, the former Emir of Kano and renowned Nigerian economist, has emerged as a key figure in efforts to resolve the ongoing political crisis in the Republic of Niger. Sanusi, who previously served as the Governor of the Central…