The Nigerian naira experienced a significant decline, reaching a new low on Thursday, closing at N956.33 per dollar in the official market and N1165 per dollar in the parallel market. This reflects a 12.11% depreciation in the local currency compared to the N840.53 it closed at on the previous day, marking a new all-time low…
A recent report by Cadre Harmonise (CH) has raised alarm about an impending food crisis in Nigeria, with approximately 26.5 million people in 26 states expected to face severe food shortages between June and August 2024. The findings were revealed during the November analysis result presentation conducted by the Kwara Ministry of Agriculture and Human…
The All Progressives Congress (APC) in Ondo State has issued a call for restraint among political stakeholders amidst the ongoing political developments within the state. The party emphasised the need for careful consideration in both statements and actions concerning the current standoff between the executive and legislative branches of the state government. It revealed that…
The Legal Attache of the Federal Bureau of Investigation (FBI) in Nigeria, Mr. Jack Smith, has lauded the recent appointment of Mr. Ola Olukoyede as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC). During a courtesy visit to the EFCC’s corporate headquarters in Abuja on November 22, 2023, Smith expressed his commendation…
First Lady Oluremi Tinubu unveiled the targeted expansion of the N50,000 Market-Moni Scheme on Wednesday, asserting its role in fortifying the micro, small, and medium enterprises (MSMEs) sector across Nigeria. The launch, held at the State House Conference Centre, Presidential Villa, Abuja, included the symbolic presentation of cheques to selected beneficiaries, a ceremony presided over…
Five months into Asiwaju Bola Ahmed Tinubu’s presidency, Nigeria has experienced a marginal increase in its crude oil production, rising by 131,926 barrels per day, according to a review of data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). When Tinubu assumed office in May 2023, the daily crude oil production, including condensates, was 1,430,146…
In a bold and symbolic protest, members of the Ugborodo Community in Warri South-West Local Government Area of Delta State took a unique approach on Wednesday by setting up the shrine of a formidable idol called “Ogbejugbele” in front of the Chevron Escravos Gas to Liquid (EGTL) facility. The protest was aimed at expressing their…
Governor Ademola Adeleke of Osun State reportedly spent over N6 billion in just three months to run the “Office of the Governor,” according to a budget performance report for the 3rd Quarter of 2023. The report, available on the Osun State website, details the income and expenditure statements for the period from July to September…
The Lagos State Public Procurement Agency has responded to reports of the government, led by Governor Babajide Sanwo-Olu, spending N440.75 million on acquiring a Bullet Proof Sport Utility Vehicle. Details of the contracts awarded in the second and third quarters of 2023 became public, sparking criticism and concerns, particularly raised by Funso Doherty, the governorship…
President Bola Tinubu recently witnessed the signing of two significant Memoranda of Understanding (MoUs) aimed at bolstering Nigeria’s global partnerships and advancing the country’s energy sector. The first MoU involves the supply of gas from Nigeria to Germany, while the second entails a substantial $500 million investment in renewable energy projects within Nigeria. These groundbreaking…