Naira redesign
1 Mar
Telecommunication giant MTN Nigeria has blamed the "liberal foreign exchange management," currency redesign and increase in fuel prices for the N740 billion loss it incurred in 2023. The year saw MTN recording its first loss since it became a quoted company on NGX. "2023 witnessed a very challenging operating environment characterised by rising inflation, currency…
23 Dec
Human Rights Writers Association of Nigeria (HURIWA). has called for the immediate arrest and prosecution of Tunde Sabiu, former President Buhari's nephew, over his alleged involvement in the recent naira redesign without proper authorization. The organisation condemned the reported approval for the naira redesign, asserting that it came from Sabiu Tunde 'Yusuf' rather than former…
12 Dec
The initiative at the twilight of the General Muhammadu Buhari's administration to redesign the country's currency, the Naira, has become a complex narrative characterised by intricate political undercurrents, scarcity hurdles...
11 Dec
Cash scarcity experienced about ten months ago has resurfaced in Calabar, the capital of Cross River state, as some banks have pegged withdrawals over the counter at N5000. The Guardian gathered that almost all Automated Teller Machines (ATMs) are not dispensing cash, only a few are dispensing N5,000 or N10,000 only. Further findings show that…
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8 mins ago
The United Nation Industrial Development Organisation(UNIDO) in conjunction with the Energy Commission of Nigeria (ECN) and Oyakhilome foundation have reiterated the resolve to address epileptic power supply in the country.
16 mins ago
Niger State government has signed a 10-year Memorandum of Understanding (MoU) with Bayer AG on agricultural revolution to benefit two million farmers.
58 mins ago
Tech4her Africa on Thursday launched its DataDiva Project, an ambitious initiative aimed at equipping 5,000 female university students across Lagos and three other Southwest states in Nigeria with essential data science skills by 2026. The DataDiva project is an independent program organised to support the annual Women in Data Science (WiDS) Datathon held at Stanford…
2 hours ago
AIDS Healthcare Foundation (AHF), an NGO, on Thursday, trained women living with Human Immunodeficiency Virus (HIV) in the FCT, Abuja, on prevention of transmission of the virus to infants. The organisation’s Country Director, Dr Echey Ijezie, said during a one-day workshop for participants across the six area councils of the FCT, that the initiative is…
1 day ago
The New Nigeria People's Party (NNPP), on Thursday, declared its readiness for reconciliation with former members who have expressed a desire to rejoin the party. NNPP also debunked the claims made by some expelled individuals who announced the suspension of Governor Abba Kabir Yusuf of Kano State for attending the NNPP national convention. The Acting…
1 day ago
In response to disruptions sparked by recent haulage rate announcements for Eastern Ports, the Nigerian Shippers' Council (NSC) has agreed to schedule a stakeholder meeting to renegotiate the rates. This, according to NSC will serve as a platform where robust consultation and decisive action would be taken to ease the stress of port users. Emerging…
1 day ago
Nigeria's Tunde Onakoya has completed one full day in his attempt to break the Guinness World Record for longest Chess marathon in Times Square, United States. Onakoya is attempting to break the longest chess marathon which currently stands at 56 hours,nine minute and 37 seconds. The record was achieved by Hallvard Haug Flatebø and Sjur…
1 day ago
The Oyo State Government says it demolished the building belonging to the Yoruba Nation agitators in its capital, Ibadan, over alleged illegal and nefarious activities in the house.
1 day ago
Cryptocurrency exchange company, Binance said it is working very closely with the Nigerian government over its detained executive. The CEO of Binance, Richard Teng, disclosed this on Thursday with the company's head of financial crime compliance still in detention in Nigeria. The Nigerian government's Economic and Financial Crimes Commission (EFCC) is prosecuting Binance for laundering…