The Naira continued to strengthen against the dollar at both the official and parallel foreign exchange market on Monday, February 17, 2025. At the official window according to figures posted by the Central Bank of Nigeria (CBN), the naira traded at N1,508.58/$1 as against the previous day’s rate of N1,508.66/$1. This represents a gain of … Read more
Chief Modestus Umenzekwe is a chieftain of the All Progressives Congress (APC). In this interview, he speaks on the forthcoming governorship election in Anambra State and some recent developments in the party The race for the governorship election in Anambra State has commenced; what kind of personality is APC looking as its candidate? The candidate … Read more
The Republic of Niger has begun enforcing new immigration restrictions on Nigerians travelling into the country, demanding a valid international passport for entry and barring the use of Economic Community of West African States (ECOWAS) passports. This development follows Niger’s recent withdrawal from the ECOWAS, alongside Mali and Burkina Faso. Despite the continued open border … Read more
Lafarge Africa, a leading innovative and sustainable building solutions company and manufacturers of a range of cement brands, has signed a Memorandum of Understanding on solid waste management with the Lagos State Ministry of Environment and Water Resources through the Lagos State Waste Management Authority (LAWMA) in line with its ambitious zero waste to landfill … Read more
Following its rebasing, the Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities declined to 24.48 per cent year on year in January, the National Bureau of Statistics (NBS) has disclosed. This implied that the general prices of goods and services in the country declined compared to 34.80 … Read more
The Air Component of Operation Fasan Yanma (AC OFY), has conducted a successful airstrike at Yauni Hill, Zakka Ward of Safana Local Government Area, Katsina State. The Director of Public Relations and Information (DOPRI), headquarters of the Nigerian Air Force, Air Vice Marshal Olusola Akinboyewa said in a release that, “The airstrike resulted in the … Read more
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Cardoso made the call during a meeting with Assistant Governor for Monetary Affairs, Saudi Arabia Central Bank – SAMA, Talal Al-Humond, on the sidelines of the just-concluded inaugural … Read more
Nigerians with ECOWAS passports will now be barred from entering Niger Republic unless they have a valid international passport. According to Punch, the restriction follows Niger’s recent decision to leave the Economic Community of West African States (ECOWAS), along with Mali and Burkina Faso. Despite keeping its border with Nigeria open, Niger’s immigration officials at … Read more
The Ondo State Security Network, Amotekun, has expelled at least 114 individuals, mostly from northern Nigeria, for illegally infiltrating the state’s forests. State Commander of Amotekun, Adetunji Adeleye, confirmed on Sunday that the individuals were transported in two trucks and were set to be distributed across forested regions, including Ore and Ofosu. Adeleye revealed that … Read more
Nigeria’s foreign reserves have surpassed the $40 billion mark for the first time in nearly three years, signalling a crucial milestone in the country’s economic recovery efforts. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, disclosed this development during a high-level meeting with Talal Al-Humond, Assistant Governor for Monetary Affairs at the … Read more