The Central Bank of Nigeria (CBN) has categorically denied any intentions to redenominate Nigeria’s currency, the naira. This clarification came from Isa AbdulMumim, CBN’s Director of the Corporate Communications Department, in a statement issued on Tuesday in Abuja. There has been a circulation of social media messages suggesting that the CBN is considering the redenomination Read More…
In a notable moment during his four-day state visit to Kenya, King Charles conveyed his “greatest sorrow and deepest regret” for the atrocities endured by Kenyans during their arduous fight for independence from British colonial rule. However, he refrained from issuing a complete apology, a step fervently sought by survivors of that era and local Read More…
In a thrilling encounter held in Abuja on Tuesday, the Super Falcons showcased their prowess as they outperformed Ethiopia with a 4-0 victory, securing a 5-1 aggregate score. This victory propels them to the third round of the African qualifiers for the upcoming Women’s Olympic Football Tournament. The match played out at the Moshood Abiola Read More…
Governor Babajide Sanwo-Olu of Lagos State has emphasised the abundant opportunities arising from the growing Africa-Caribbean relationship facilitated by the African Export Import Bank (Afreximbank) AfriCaribbean Trade and Investment Forum (ACTIF). Speaking on the sidelines of the 2nd AfriCaribbean Trade and Investment Forum (ACTIF2023) in Georgetown, Guyana, Sanwo-Olu highlighted the potential for enhanced commercial collaboration Read More…
Amid an impeachment threat, Governor Siminalayi Fubara of Rivers State called on the state House of Assembly to reveal the allegations that justify impeachment proceedings against him. Fubara issued this challenge in a statement released in Port Harcourt by his Senior Special Assistant on Media, Mr. Boniface Onyedi, marking his first official response to the Read More…
In response to the persistent and global ransomware threat, including that from Nigeria, the White House is swiftly working to finalise a new policy, expected to be revealed as early as Tuesday, that will outline governmental responses to ransomware attacks. This policy will prioritise the sharing of critical information about attackers and the accounts used Read More…
In a stunning feat, Argentina’s Lionel Messi clinched his eighth Ballon d’Or for the world’s best player on Monday in Paris, France. He outshone Erling Haaland, the UEFA player of the year and Manchester City’s treble winner, to claim this prestigious award. Completing the top three best players in the world was France’s Kylian Mbappe, Read More…
Nigeria’s Economic Lifeline and the Resilience of Remittances The Nigerian naira has faced persistent depreciation against the US dollar, with an accelerated decline in 2022 driven by multiple factors, including the global economic slowdown, the COVID-19 pandemic, foreign exchange shortages, inflation, and Central Bank of Nigeria (CBN) policies. By October 2023, the naira had crossed Read More…
The Lagos State Government has officially reopened Alaba Rago Market in Ojo, which was closed last week due to various environmental violations. This decision was confirmed by Mr. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, in a statement issued on Monday. Wahab stated that the market was allowed to resume operations after Read More…
A fleet of ten Nigerian Navy warships has returned to base following the conclusion of “Exercise Sea Guardian,” a military operation aimed at securing the nation’s waters and the Gulf of Guinea (GoG) from criminal activities. The returning warships include Nigeria Navy Ship (NNS) Sagbama, NNS Nwamba, NNS Ibeno, NNS Dorina, NNS Gongola, NNS Ikene, Read More…
