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The exchange rate between the naira and the dollar has strengthened for the third consecutive day, reaching a new high of N1,534.9/$1 on the official market. This achievement represents the strongest level the naira has attained in the past seven days, signaling a positive trend in the currency market. The official NAFEX rate, serving as […]
Abia State Governor, Alex Otti, expressed concern over the plummeting value of the naira, attributing it to excessive printing of money by the Federal Government. In an exclusive interview on Channels Television’s Politics Today, Governor Otti highlighted the dire consequences of financial indiscipline, citing an alarming increase in the money supply, estimated to be nearing […]
Nigerian authorities have detained two senior executives of Binance, a prominent cryptocurrency exchange platform. This crackdown comes amidst heightened concerns over the rapid devaluation of the Nigerian currency and its impact on inflation, which recently soared to nearly three-decade highs at 29.9 percent. The detained executives reportedly flew to Nigeria following the country’s recent ban […]
Renowned lawyer and human rights activist, Mike Ozekhome, SAN, has strongly criticized the current administration led by President Tinubu, stating that it has exacerbated poverty levels in Nigeria. During a live program on Channels TV, Ozekhome emphasized the urgent need for Tinubu and his team to address the economic challenges gripping the nation, especially as […]
President Bola Tinubu has announced plans to implement the Stephen Oronsaye report, aimed at creating a leaner government by merging and scrapping numerous government agencies. Presidential spokesperson Bayo Onanuga confirmed the president’s decision, stating that after twelve years since the submission of the Oronsaye panel report and the subsequent issuance of a white paper two […]
The Central Bank of Nigeria (CBN) under the leadership of Governor Olayemi Cardoso has successfully mopped up a staggering sum of N1.51 trillion through Open Market Operation (OMO) bills within the span of four months, a comprehensive analysis by BusinessDay reveals. The auctions, predominantly featuring long-tenured bills ranging from 180 to 365 days maturity, aimed […]
As Apple’s iPhone development roadmap unfolds, glimpses into the future of smartphone technology emerge. The iPhone 17 series, slated for a September 2025 release, promises groundbreaking advancements set to redefine the mobile experience. Here are six rumored features that have enthusiasts eagerly awaiting Apple’s next flagship lineup: Under-Display Face ID Expected debut in the iPhone […]
The National Bureau of Statistics (NBS) has released the latest data on internet usage in Nigeria, revealing a significant increase in the number of internet subscribers nationwide. According to the NBS database accessed on Sunday, the total number of internet subscribers as of December 2023 reached a staggering 163.8 million. This surge indicates a remarkable […]
The Nigerian currency has once again experienced a significant drop in value against the US dollar in the foreign exchange market. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) reveals that the Naira depreciated by over N90 against the US dollar, signaling further economic instability. The Naira’s value on the official market fell by […]
President Tinubu holds crucial meeting with Dangote, Elumelu, othersPublished on February 25, 2024By Seun OpejobiPresident Bola Tinubu had a “crucial” meeting with some members of the organised private sector on Sunday. The meeting is held at the Presidential Villa in Abuja.Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs […]
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