Naira
1 day ago
The Central Bank of Nigeria (CBN) has recently issued a stern warning to financial institutions, vowing severe penalties for any involvement in the illegal trade of freshly minted naira notes.
4 days ago
Nigeria, Africa’s most populous country, and the world’s seventh largest oil producer is in the grip of an unprecedented hunger crisis.
4 days ago
The subject of hunger cannot but enter the lens of this column today – for hunger is a burning issue and subject that is part of Nigeria’s cultural studies currently that experts in the field and discipline cannot but give attention to at this point in time.
23 Dec
Barely two weeks to the end of the year, Nigeria’s hope of achieving 95 per cent financial inclusion by December may not be realised as emerging socio-economic challenges, including escalating digital fraud, rising mistrust and deepening poverty slow the process.
17 Dec
The aggressive monetary and fiscal measures taken to check headline inflation appear to be slow in taming inflation as the consumer price index rose to 34.6 per cent in November, setting a new multi-decade high and suggesting that the war against price crisis is far from being won.
9 Dec
Naira continues to gain on strength, trading for N1,535 to the dollar, up from below N1,700, which it traded before the commencement of the new trading platform introduced by the Central Bank of Nigeria (CBN).
27 Nov
Despite the announcement of an interest rate hike by the Central Bank of Nigeria (CBN) on Tuesday, the naira appreciated to N1, 659.44 against the US dollar. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed a N16.88 gain against the dollar from the N1, 675.62 it traded at on Monday. A look at…
26 Nov
In the 3rd quarter of 2021, the naira crossed five hundred to the dollar, and Emefiele confirmed he had lost it by challenging speculators to join him in a fisticuff to defend the naira. On seeing this, this writer, in an article titled: ‘Stop Borrowing Dollars Borrow Sense’, predicted a dollar changing for N1,000 within…
21 Nov
Nigeria’s “Renewed Hope” budget has faced a stark reality with soaring inflation and a plummeting naira igniting a construction crisis.
19 Nov
In 2019, I wrote a piece narrating the harrowing experience of customers with virtually all the banks in Nigeria. A friend of mine who is a seasoned banker by all accounts, read it and came to me to explain the challenges of the banking system.
18 Nov
The Naira on Monday depreciated at the official market trading at N1,690.37 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N38.12. This represents a 2.3 per cent loss when compared to the previous trading date on Friday, November 15th when it exchanged at N1,652.25 a…
15 Nov
The Nigeria Macroeconomic Outlook for 2025 has predicted that the naira could sell for N2000 per dollar in a worst-case scenario, while both currencies may exchange for about N1790 in a best-case scenario. The Macroeconomic Outlook, released yesterday in Abuja by Veriv Africa, a data insights, research, and advisory company, also forecast a 3.6 percent…
Latest
2 mins ago
The Nigerian green and white flag is often said to represent peace, unity, the country's natural wealth, and agriculture. Beyond that, the wealth aspect includes its richness in human resources—individuals who are excelling in different sectors of the economy, transforming and shaping the world. In Nigeria’s vibrant academic landscape, one name stands out for its…
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An Ogun State-based interest group, the Egba Lokan Agenda 2027, has distanced itself from the purported adoption of Senator Adeola Olamilekan, popularly known as Yayi, who is currently representing Ogun West at the Upper Legislative Chamber, as one of the Egba hopefuls for the 2027 governorship election. In a statement on Tuesday, signed by…
1 hour ago
Governor Bala Mohammed of Bauchi State has denied threatening the President, saying that his statement was taken as a threat but that he has the “greatest respect” for the presidency. Mohammed had on December 26 expressed his rejection of the controversial Tax Reform Bill, warning the President against proceeding with the reform and alerting that…
1 hour ago
Ogun State Governor, Dapo Abiodun, has announced plans by his administration to construct a brand-new Anthony Joshua Indoor Boxing Ring in the state. Governor Abiodun also announced that the two-time former world heavyweight boxing champion would be lighting the Gateway Games National Sports Festival torch, which has been postponed to May next year. The governor…
1 hour ago
Ogun State Governor, Dapo Abiodun, has announced plans by his administration to construct a brand-new Anthony Joshua Indoor Boxing Ring in the state. Governor Abiodun also announced that the two-time former world heavyweight boxing champion would be lighting the Gateway Games National Sports Festival torch, which has been postponed to May next year. The governor…
1 hour ago
One Mozambique family is mourning a 16-year-old girl shot dead on Christmas Day; another is devastated over the loss of a 22-year-old son, brother and breadwinner killed on the sidelines of a protest weeks earlier. Both deaths are blamed on security forces, like many of the nearly 280 lives lost in more than two months…
1 hour ago
The National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Ganduje, has expressed optimism about Nigeria's economic prospects, assuring citizens that 2025 will bring significant improvements. In a New Year message issued through his Senior Special Assistant on Public Enlightenment, Chief Oliver Okpala, on Tuesday, Ganduje noted the progress being made under President Bola…
1 hour ago
Wolves forward Matheus Cunha was given a two-match ban on Tuesday after his clash with Ipswich backroom staff following his side's damaging Premier League defeat. Cunha was seen confronting members of Ipswich's security team in ugly scenes after the final whistle of Wolves' 2-1 loss to their relegation rivals at Molineux on December 14. He…
1 hour ago
As the countdown to 2025 begins, Nigerians are gearing up for a fresh start. But while many look forward to new opportunities, some may face an unexpected tech setback: WhatsApp, the widely used messaging app, will stop working on certain phones starting January 1, 2025. This news has raised eyebrows as it affects phones running…
1 hour ago
Israeli Prime Minister Benjamin Netanyahu attended a session in parliament on Tuesday after being discharged from hospital where he had undergone a prostate removal surgery over the weekend. The surgery took place on Sunday, with Israel still at war against Hamas militants in the Gaza Strip nearly 15 months since their unprecedented October 7,…