President Bola Tinubu has said that he won’t be going back on the economic reforms his administration initiated. Tinubu who spoke in Abuja on Thursday, February 22, when he hosted a delegation from the Corporate Council on Africa (CCA) led by Florizelle Liser, its president and chief executive officer (CEO), stated that he has…
Nigeria’s currency, the naira has depreciated against the pound at the parallel market. TheNation reported that the local currency is currently trading at over 2,000 Naira against the British pound. Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19. He said: “Yes it is true,…
Peter Obi, the 2023 Presidential Candidate of Labour Party (LP), has called for a thorough probe of the alleged financial impropriety levelled against the National Chairman of the party, Julius Abure. Obi made the call on Thursday, at a media briefing where he rendered an account of the 2023 Obi-Datti Presidential campaign organisation funding, on…
The International Monetary Fund (IMF) has said the Nigerian government has resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol. Recall that on May 29, 2023, during his swearing-in speech, President Bola Tinubu announced an end to the petrol subsidy. A few weeks later, the Central Bank of Nigeria…
The Naira has crashed to a new record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. This is according to Data from FMDQ showed that the Naira dropped to N1,534.39 per US dollar on Monday from N1,469.97 on Friday. This represents a 4.2 per cent or N64.42 depreciation…
The All Progressives Congress (APC) has accused the two presidential candidates of opposition political parties, the Peoples Democratic Party (PDP), Atiku Abubakar and the Labour Party (LP), Peter Obi, of making “incendiary” statements to instigate the Nigerian public. In a post on X platform, Atiku had said there was hunger in the land as…
The immediate past minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouk has reacted to media reports linking her to an alleged money laundering case involving a contractor, James Okwete. The former minister, who is said to be under investigation by the Economic and Financial Crimes Commission (EFCC), declared that she remains proud…
The panel set up by President Bola Tinubu to probe the activities of the Central Bank of Nigeria (CBN) under the tenure of former Governor, Godwin Emefiele has uncovered several irregularities. The panel uncovered unauthorised investments of Nigeria’s funds in 593 foreign bank accounts across the United States, China and the United Kingdom. This…
The University of Cambridge has appointed Professor Ijeoma Uchegbu, a specialist in Pharmaceutical Nanoscience, as the seventh President of Wolfson College, one of its 31 colleges. This was made known in a statement titled, “Wolfson elects Professor Ijeoma Uchegbu as the College’s 7th President on the University’s website. Uchegbu, who will succeed the current…
A member of the Senate Committee on Trade, Senator Adams Oshiomhole, has criticised the Minister for Trade, Industry and Investments, Doris Uzoka, for proposing N1 billion in the 2024 budget for a foreign trip to Geneva, Switzerland. Uzoka appeared before the Senate Committee on Trade on Tuesday, December 12, to defend her budget. The…