The World Bank has said that the Nigerian naira is among the worst-performing currencies in Africa. It noted that the currency weakened by nearly 40 per cent against the US dollar since a mid-June devaluation. The global bank explained in its report titled, ‘Africa’s Pulse: An analysis of issues shaping Africa’s economic future (October 2023…
Forbes has failed to include former US President Donald Trump among Forbes 400 list of richest billionaires. The Forbes magazine made the revelation on Tuesday, Oct. 3. Forbes estimates his net worth at $2.6 billion, which is down from the magazine’s estimate a year earlier that the real estate tycoon was valued at $3.2…
Gunmen suspected to be bandits, Wednesday morning, abducted five female students of the Federal University, Dutsin-ma (FUDMA) in Katsina State. It was reported that the students were abducted from their residence situated behind Mariamoh Ajiri Memorial International School, along Tsaskiya Road at about 2:30 am. Multiple sources, including staff and students from the university,…
Students of the Obafemi Awolowo University, OAU, Ile-Ife, on Tuesday, staged a protest against the hike in school fees. The protesting students are demanding a 50 per cent reduction in the new charges. The students who urged the Federal Government to allocate the funds from subsidy removal towards education instead of allowing an increase…
No fewer than 18 people, including a pregnant woman, have lost their lives following an explosion in an illegal oil refining site in the Ibas community in the Emuoha Local Government Area of Rivers State. Twenty-five others at the scene were injured when the inferno broke out Sunday night, Oct. 1. A video from…
Nigerian investigative journalist, David Hundeyin has given more insight on the academic documents of President Bola Tinubu that was released by the Chicago State University. In a Twitter post, Hundeyin noted that one of the documents released showed that Bola Tinubu was a woman. He wrote: “The set of documents from @ChicagoState pertaining to…
The federal government has denied reports that it reached a plea bargain with the former Central Bank Governor, Godwin Emefiele. Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN) debunked the claim in a statement released on Sunday, October 1, by the Ministry of Justice spokesperson, Modupe Ogundoro. The AGF described the report…
Peter Obi, the presidential candidate of the Labour Party in the 2023 elections has cried out about the ‘dollarisation’ of the Nigerian economy. According to Peter Obi, the naira has faded in significance as the use of the dollar in the country has led to unproductivity. “Dollar has become the underground currency of our…
A family of four have been electrocuted in the Dinyavo area of Jalingo, Taraba state. The unfortunate incident, which reportedly happened at around 11a.m. on Monday, has left residents of the area in sorrow. Spokesman of the state Police Command, Superintendent Abdullahi Usman, who confirmed the incident, said the fatalities was as a result…
The Organised Labour has agreed to suspend its indefinite strike which was planned for Tuesday, October 3, 2023. This came after about five hours of deliberation between the organised labour and the federal government at the Chief of Staff Conference Room of the Presidential Villa, Abuja. Announcing the outcome of the meeting to State…