President Bola Tinubu of Nigeria and King Charles III recently held a private meeting at Buckingham Palace, where they discussed key issues related to climate change and energy security, according to the Nigerian presidency. Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy, revealed that the meeting focused on potential areas of collaboration […]
Category archives: News
CBN Directs Payment Service Providers to Monitor PoS Transactions
The Central Bank of Nigeria (CBN) has issued a new directive requiring all Payment Service Providers to track and route transactions conducted through Point of Sale (PoS) terminals via licensed Payment Terminal Service Aggregators (PTSAs). This move aims to enhance the monitoring of electronic payments in the country. The directive, signed by Oladimeji Yisa Taiwo […]
PDP withholds endorsement of Peace Accord for Edo Governorship Election
The Peoples Democratic Party (PDP) has declined to sign the peace accord ahead of the Edo State Governorship election set for September 21. The announcement was made by former Head of State Abdulsalami Abubakar at the peace accord signing event in Benin. Abubakar revealed that the PDP’s refusal to sign is contingent upon certain conditions […]
Nigeria Records N6.94tr Trade Surplus in Q2 as Foreign Trade Reaches N31.89tr
Nigeria achieved a trade surplus of N6.94 trillion in the second quarter of 2024, as foreign trade surged to N31.89 trillion. According to a report from the National Bureau of Statistics (NBS), the country exported goods worth N19.4 trillion and imported goods valued at N12.4 trillion during this period. The total merchandise trade for the […]
Petrol Marketers Complain to Tinubu About Dangote Refinery’s Diesel Pricing
Petroleum product marketers in Nigeria have raised concerns with President Bola Tinubu regarding the impact of Dangote Refinery’s reduced diesel price on their businesses. The local price of diesel has reportedly dropped to N900 per litre, which marketers argue is adversely affecting their operations. Challenges Faced by Dangote Refinery Devakumar Edwin, Vice President of Dangote […]
Nigeria’s Problem Is APC, Not Peter Obi – Tanko Responds to Morka
Yunusa Tanko, a chieftain of the Labour Party, has accused the All Progressives Congress (APC) of being responsible for Nigeria’s problems, not Peter Obi, the Labour Party’s 2023 presidential candidate. This response follows remarks made by APC spokesperson Felix Morka, who accused Obi of inciting public dissatisfaction with the country. Tanko expressed disbelief at Morka’s […]
Edo Polls: Oshiomhole Can’t Win Without Rigging, Sam Amadi Warns Obaseki
Sam Amadi, Director of the Abuja School of Social and Political Thoughts, has urged Edo State Governor Godwin Obaseki to remain vigilant in the upcoming governorship election. Amadi, via his X account, claimed that Adams Oshiomhole, a former Edo governor and current supporter of APC candidate Senator Monday Okpebholo, cannot win the election without rigging. […]
Nigeria Sets December Deadline to Boost Oil Production to 2.2 Million bpd
The Chief of Defence Staff (CDS), General Christopher Musa, has directed the Nigerian Army, Air Force, and Navy to raise the country’s crude oil production from the current 1.35 million barrels per day (bpd) to 2.2 million bpd by December 2024. General Musa gave this mandate while inaugurating the Defence Joint Monitoring Team at the […]
Naira Continues Decline Against Dollar as Black Market Rates Hit N1665: September 12th, 2024 Update
Dollar to Naira Exchange Rates – Black Market Overview The exchange rate between the US dollar (USD) and the Nigerian naira (NGN) in the black market, also known as the parallel market, remains volatile. On Wednesday, 11th September 2024, the exchange rate stood at N1655 to buy and N1665 to sell, according to Bureau De […]
DERLIF Advocates for Social Justice Reform at Annual ‘Podium’ Event
The Real Life International Foundation (DERLIF) and stakeholders gathered on Monday for the annual “Podium for Social Justice” event, addressing pressing national social justice issues. The conference aimed to facilitate discussions and propose solutions to Nigeria’s societal challenges. In his keynote address, Convener and Director, Ambassador Felix Akpoi, emphasized the platform’s goal: “Enforcing social justice […]