Finance Minister Wale Edun and Oando Group President Wale Tinubu recently met with Afreximbank President Prof. Benedict Oramah at the World Bank-IMF Annual Meetings in Washington, D.C. The discussions centered on supporting Nigeria’s economic reform agenda, with a focus on advancing energy and trade sectors. Edun expressed gratitude for Afreximbank’s $3 billion crude oil repayment […]
Category archives: News
Top Nigerian News Headlines Today: Key Stories for October 27, 2024
Dollar to Naira Black Market Exchange Rate for October 27, 2024
Today’s black market exchange rate for the dollar to naira stands at N1720 for buying and N1735 for selling, as reported by Bureau De Change (BDC) sources. While these are the prevailing rates at the Lagos parallel market, it is important to note that the Central Bank of Nigeria (CBN) does not endorse these rates […]
US Airlifted Binance Executive Gambaryan from Nigeria Following Dropped Charges
Following the dismissal of money laundering charges by the Nigerian government, Tigran Gambaryan, a senior executive at Binance Holdings, was evacuated from Nigeria aboard a US aircraft equipped with medical facilities, according to The New York Times. Gambaryan, detained since February over alleged naira manipulation, was released on Wednesday after diplomatic discussions between US and […]
Bala Mohammed Critiques Tinubu’s Leadership: Calls for Experienced Advisors
Bauchi State Governor Bala Mohammed has expressed concerns about President Bola Ahmed Tinubu’s leadership, stating that he has not delivered the same level of development that marked his tenure as governor of Lagos from 1999 to 2007. In a recent interview with Daily Trust, the Chairman of the Peoples Democratic Party (PDP) Governors Forum emphasized […]
Naira Exchange Rates: Current Dollar Values and Government’s De-dollarization Efforts
The latest exchange rates for the dollar against the naira in the black market have been released. As of October 25, 2024, the dollar is being bought for N1730 and sold for N1740 in Lagos’ parallel market, according to sources from Bureau De Change (BDC). It’s important to note that the Central Bank of Nigeria […]
Katsina Governor Reveals How Residents Are Taking Security into Their Own Hands
Governor Dikko Umar Radda of Katsina State has announced that his administration is empowering residents to defend themselves against banditry by providing training programs. In an interview with the BBC Hausa service, Radda explained that many communities in Katsina have become less accessible to bandits due to the proactive measures taken by locals. Radda emphasized […]
Top Nigerian Newspaper Headlines for Saturday, October 26, 2024
House Committee Indicts Former Aviation Minister Sirika Over Controversial Helicopter Sale
The House of Representatives Committee on Public Assets has accused former Aviation Minister Hadi Sirika of involvement in the questionable sale of two helicopters by the Nigerian College of Aviation Technology (NCAT) in Zaria. According to a report by Saturday Punch, the Bell 206 helicopters were sold for N556 million, allegedly due to underutilization. While […]
House of Reps Criticizes CBN Over Old and New Naira Note Confusion
Labour Party Caucus Leader in the House of Representatives, Afam Ogene, has criticized the Central Bank of Nigeria (CBN) for its unclear stance on the coexistence of old and new Naira notes. His statement follows the CBN’s response to a Supreme Court ruling that did not specify an expiration date for the old ₦200, ₦500, […]