Today, the black market exchange rate for the U.S. dollar to Nigerian Naira remains high, with Bureau De Change operators in Lagos buying at N1,730 per dollar and selling at N1,740 as of November 8, 2024. This rate reflects ongoing currency pressures despite the Central Bank of Nigeria’s directive for forex transactions to occur through […]
Category archives: News
Economist Projects N1,200 Petrol Price and Naira Exchange Rate of N1,550 per Dollar by January 2025
In a recent economic outlook, Bismarck Rewane, economist and CEO of Financial Derivatives Company Limited, forecasted a possible increase in Nigeria’s petrol price to N1,200 per litre and a Naira exchange rate of N1,550 per dollar by early 2025. During a session at Lagos Business School titled “Democracy on Trial! Trump – Going Back to […]
Top Headlines in Nigeria Today: Economic Hardships, Ministerial Powers, and Rising Food Insecurity
Good morning, Nigeria! Here’s a roundup of the major headlines across the country for Saturday, November 9, 2024. 1. Osinbajo Urges Tinubu to Address Economic Hardships Impacting NigeriansFormer Vice President Yemi Osinbajo has called on President Bola Tinubu to prioritize relief measures for Nigerians struggling with economic challenges, including food insecurity. Speaking at the 2024 […]
Power Minister Orders Urgent Action to Prevent National Grid Failures in Nigeria
Nigeria’s Minister of Power, Adebayo Adelabu, has issued an urgent directive for the immediate execution of recommendations aimed at stabilizing the National Grid and addressing the ongoing power issues across the country. The directive follows the submission of a comprehensive report by an inter-agency committee tasked with finding solutions to Nigeria’s persistent grid failures. Bolaji […]
Coalition Advocates Immediate Sack Of NNPCL GCEO Kyari
The Nigerian Coalition of Civil Society Organizations (NICOCSO) has called on President Bola Tinubu to immediately remove Mele Kyari, as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), probe the cabal sabotaging local refineries, and stop importation of Petrol Motor Spirit (PMS). NICOCSO which had been warning the federal government […]
Hamas Urges Ceasefire in Gaza, Calls for Palestinian Statehood After Trump’s Election Win
Following Donald Trump’s recent victory in the U.S. presidential election, Hamas has called for a ceasefire in Gaza and a renewed pursuit of Palestinian independence. Basem Naim, a spokesperson for Hamas’s Political Bureau, expressed hope for a U.S. shift in supporting Palestinian aspirations. In an interview, Naim urged the U.S. to reconsider its stance on […]
Road Tax Revenue Surges by 63% Across Nigerian States in 2023, NBS Reports
The National Bureau of Statistics (NBS) reported a 63% rise in road tax collections by Nigerian states in 2023, highlighting transportation’s impact on states’ internal revenue. According to the NBS Internally Generated Revenue (IGR) report, total road tax rose to ₦40.14 billion, up from ₦24.57 billion in 2022. Lagos led with ₦16.74 billion, accounting for […]
House Minority Caucus Calls for Justice and Compensation for #EndBadGovernance Protesters Detained Unlawfully
The Minority Caucus of Nigeria’s House of Representatives has urged the government to compensate minors who were detained for three months on charges of terrorism and arson after participating in the #EndBadGovernance protests. In a Friday statement, the caucus demanded an investigation and punishment for those responsible for the prolonged detention. Signed by Minority Leader […]
Ex-Nigerian Ambassador Seeks U.S. Asylum Over Corruption Allegations by News Platform
Former Nigerian Ambassador to Namibia, Lilian Onoh, is pursuing asylum in the United States following a corruption allegation published by Sahara Reporters. The news platform reported that Onoh was dismissed from the Nigerian Civil Service Commission over alleged misappropriation of ₦50 million, recommending her for trial by the Independent Corrupt Practices Commission (ICPC). In response, […]
Tinubu’s Political Path Stands Apart from Past Nigerian Leaders, Says Sule Lamido
Former Jigawa State Governor Sule Lamido has observed that President Bola Tinubu’s rise to power is distinct from that of his predecessors, including figures like Yakubu Gowon, Murtala Muhammed, Olusegun Obasanjo, and Muhammadu Buhari, who each gained support from influential institutions. In a recent interview, Lamido remarked that these leaders, unlike Tinubu, relied on the […]