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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 […]
The Economic and Financial Crimes Commission (EFCC) has apprehended thirty-six (36) individuals suspected of engaging in internet fraud in Abeokuta, Ogun State. The operation, carried out by the Ibadan Zonal Command of the EFCC, unfolded on Monday, February 26, 2024, targeting locations in Gbokoniyin and Yetedo areas of Abeokuta. The arrests came as a […]
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 […]
The Minister of Information and National Orientation, Mohammed Idris, the Federal Government has moved to allay fears of job losses following the implementation of the long-awaited Oronsaye Report. After twelve years of deliberation, the government has approved certain recommendations from the Oronsaye Report aimed at reducing the nation’s governance costs. This decision entails merging […]
Former Labour Party presidential candidate Peter Obi has lauded President Bola Ahmed Tinubu for his directive to execute the Steve Oronsaye report. President Tinubu’s recent order to fully implement the findings of the Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions, and Agencies signifies a strategic move towards streamlining governmental operations […]
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 […]
In a keynote address at the 2024 Nigeria International Energy Summit (NIES) in Abuja, President Bola Tinubu provided insights into the decision to remove the subsidy on petrol, emphasizing the necessity for transparency and accountability in the energy sector. Acknowledging the hardship caused by the subsidy removal, President Tinubu assured the nation that the decision […]
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 […]
Nigeriens and members of the Northern Senators Forum have welcomed the decision by the Economic Community of West African States (ECOWAS) to lift some of the sanctions imposed on Niger Republic following last year’s military coup. The sanctions, including a no-fly zone, border closures, and asset freezes, were imposed in July after Niger’s president, Mohamed […]
Adewole Adebayo, the former presidential candidate of the Social Democratic Party (SDP), has raised concerns over President Bola Tinubu’s economic policies, stating that while he has assembled the right team, his approach may not be suitable for Nigerians. In an interview on Channels Television’s Sunday Politics, Adebayo emphasized that the method employed by the Tinubu […]
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