Foreign exchange (FX), globally, thrives on spread. One can only make or lose money because there is a gap between two time periods – when one buys and sells units of a certain currency.

Nigerians under the umbrella body of Diaspora Engagement, organizers of New Nigeria Project/Obidient Movement, have underscored the role of the Nigerian Diaspora in shaping Nigeria’s future. In a statement signed Friday by its Directors, Dr. David Ogula and Bolanle Emiabata-Anibaba, the group recalled that during the last election cycle, Nigerians abroad played a pivotal role…

Hamzat Lawal, a renowned activist and Chief Executive of Connected Development (CODE), has described Nuhu Ribadu, the current National Security Adviser (NSA), as an inspiration to Nigerian youths. In a statement released on Monday, February 24, 2025, in Abuja, Lawal commended Ribadu's "enduring influence on Nigeria's youth and his commitment to national service." Lawal recalled…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says a former Naval Chief, Vice Adm. Jibrin Usman is still on its wanted list. Also on its wanted list is retired Brig.-Gen. Ishaya Bauka. A statement by the ICPC Spokesperson, Demola Bakare, on Friday in Abuja said the duo were wanted over alleged N3bn…

Anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC), on Wednesday, in Abuja downplayed the global corruption rating of Nigeria, which remains poor, insisting that corruption has significantly reduced in the country. According to the Transparency International Corruption Perceptions Index (TI-CPI), Nigeria’s corruption rating has fluctuated between 154 and 140, with 2024 recording a…

The advocacy by the Minister of Works, Dave Umahi, for government to borrow money in order to provide roads infrastructure has once again brought to the front burner the nagging challenge of how to fund roads development and maintenance in the country.

Renowned leadership coach and former presidential candidate of the defunct Alliance for New Nigeria, Fela Durotoye, has revealed how he rejected an attempt to engage in a fraudulent government deal worth N5 billion, despite intense pressure from an official who claimed to be a pastor. Speaking at the ongoing biannual conference of the Pentecostal Fellowship…

The Commissioner of Police in Katsina State, Mr Aliyu Abubakar-Musa, has warned newly recruited police constables (PCs) to shun corruption

The Commissioner of Police in Jigawa, Mr Ahmadu Abdullahi, has warned new police constables in the state to shun corrupt practices

Nigeria on Tuesday recorded an improved ranking in the Corruption Perception Index (CPI), moving from 145th to 140th among 180 countries assessed. Nigeria gained one point in Transparency International's latest rankings. The CPI, which ranks 180 countries based on perceived levels of public sector corruption, uses a scale from 0 (highly corrupt) to 100 (very…

The Economic and Financial Crimes Commission (EFCC) has vowed to prosecute corrupt public officers who enrich themselves. The EFCC chairman, Ola Olukoyede, made this declaration at the opening ceremony of a three-day workshop on Anti-corruption, Fiscal Responsibility, Transparency and Good Governance organised by the EFCC and the House Committee on Financial Crimes for state and…

Legislative oversight is often hailed as a fundamental pillar of democracy, which ensures that the executive arm of government remains accountable to the people.