In a swift and decisive move, President Bola Tinubu has given the nod to eight new Chief Executive Officers for key parastatals and agencies under the Federal Ministry of Information and National Orientation. These appointments, effective immediately, are set to bring fresh perspectives and ideas to these vital sectors. The affected organizations include the National…
The naira’s exchange rate against the dollar hit an unprecedented low of N999/$1 during trading on October 19, 2023, leaving financial markets in shock and disarray. The alarming data emerged from intraday trading statistics provided by the Financial Markets Dealers Quotations (FMDQ), the official marketplace for forex transactions through the Nigerian Autonomous Foreign Exchange Market…
The Nigerian Supreme Court is gearing up for a high-stakes hearing, slated for Monday, October 23, 2023. What’s on the docket? Appeals by Atiku Abubakar and Peter Obi, representing the Peoples Democratic Party (PDP) and the Labour Party (LP), respectively, and the Allied Peoples Movement (APM). These appeals are a direct response to the Presidential…
It seems that the University of Lagos (UNILAG) has stirred up quite the campus controversy with an unexpected request for its students. This peculiar request? Bring your own mattresses and some personal items when coming to the halls of residence. The reason, according to university management, revolves around health concerns. But this move has left…
In a pragmatic move, President Bola Tinubu has decided to stagger the launch of 14 new universities, which were originally approved during his predecessor, Muhammadu Buhari’s, tenure. The reason behind this measured approach is the financial constraints that currently hinder their simultaneous establishment. The announcement was made by the Minister of Education, Tahir Mamman, shortly…
Fuel prices in the Republic of Congo have surged by 25% in October, leading to significant public backlash. This increase comes after a similar rise in January, and the cost of gasoline has also seen a 25% spike since July. The Congolese government cites recommendations made by the International Monetary Fund (IMF) in 2019 as…
The Nigerian government has thrown down the gauntlet to the United Nations (UN) and its various agencies, demanding full transparency regarding funds solicited on Nigeria’s behalf to tackle issues concerning poverty, women, and children. During a press conference, the Minister of Women Affairs, Barrister Uche Kennedy Ohanenye, accused UN agencies of raising substantial sums and…
The newly appointed Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that approximately ₦2.9 trillion, intended for various government projects, was siphoned off by contractors between 2018 and 2020. This staggering sum, according to Mr. Olukoyede, represents a stark example of contract and procurement fraud. During his appearance before the…
Nigeria’s naira is facing a currency crisis as it reached a staggering record low of 1,100 naira per US dollar on the black market, as reported by abokiFX. The decline follows a recent plunge on the official market, which saw the naira hit an all-time low of 980 naira to the dollar. This decline in…
In a recent police operation, a significant cache of firearms, including barrel guns, pistols, cartridges, and even drilling machines, was seized. The crackdown led to the arrest of over 30 suspects, among whom was a notorious gang leader. Nigeria continues to grapple with a multitude of security challenges, from violent criminal gangs and kidnappings for…