Naira
21 Mar
Naira may be on track to regaining N1,300/$ as the dumping of hard currencies warehoused by speculators turns the foreign exchange (FX) into a buyer’s market.
12 Mar
ALL development programmes implemented by Nigeria since independence have always been conceived in Britain and America. Nigeria began with National Plans 1960-1985, then the Structural Adjustment Programme (SAP) 1986-now.
11 Mar
After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that will raise the exchange rate to about N1400/$ before the end of the year.
5 Mar
Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world's biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the…
4 Mar
The slogan of President Ahmed Bola Tinubu is good but as far as I’m concerned, I see a big disconnect between the renewed hope, and anticipated hope.
27 Feb
The FBNQuest Research Economic Outlook Report 2024 has projected significant volatility in the exchange rate with a year-end rate of N1,317/$ following uncertainty surrounding liquidity inflow.
26 Feb
Presidential candidate of Labour Party (LP) in the 2023 general elections, Peter Obi, yesterday, advised federal agencies against arresting Bureau de Change operators, noting that they are not responsible for the free fall of the Naira.
26 Feb
In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and the second, in June 2023. Both moves have significantly contributed to the rapid decline in the value of the naira. If the monetary authority firmly embraces and continues to stick to this option, the strength of the currency will yet again continue to shrink at an accelerating pace.
25 Feb
Rev. Wanson Yusufu, the Executive Secretary of the Plateau Christian Pilgrims Welfare Board (PCPWB), has decried the negative effect of dwindling value of the Naira against the dollar on the Christian pilgrimage.
24 Feb
President Bola Ahmed Tinubu’s plea with the 36 states governors to ensure the payment of all salary, gratuities and pension arrears as a way of putting money into the hands of the people, especially now that states get more monthly Federal Account Allocation Committee (FAAC) revenue...
24 Feb
Dr. ’Tayo Popoola is an Associate Professor at the Department of Mass Communication, University of Lagos, Akoka. In this interview with ONYEDIKA AGBEDO, the scholar of political communication, speaks on the state of the nation.
24 Feb
In the face of rising cost of living, the Pentecostal Fellowship of Nigeria (PFN) in conjunction with the Christian Pentecostal Fellowship of Nigeria (CPFN), has called on President Bola Tinubu to urgently upwardly review the salaries of workers.
Latest
27 mins ago
The Nigerian Electricity Regulatory Commission (NERC) has directed the transfer of regulatory oversight of the electricity market in Ekiti from NERC to the Ekiti State Electricity Regulatory Bureau (EERB). It also directed the regulatory oversight of the electricity market in Ondo State from the Commission to the Ondo State Electricity Regulatory Bureau (OSERB) in compliance…
31 mins ago
Jeffrey Donaldson, former leader of Northern Ireland's main pro-UK unionist party, had his bail extended Wednesday in his first court appearance on sex offence charges. Donaldson, 61, one of the province's best-known politicians, has previously said he will be "strenuously contesting" the allegations. In Wednesday's court hearing, he did not enter a plea. He is…
36 mins ago
A Federal Capital Territory (FCT) High Court in Gwagwalada, FCT, on Wednesday ordered that a 35-year-old cattle rearer, Adamu Idris, be held in the Kuje correctional centre for allegedly kidnapping a Bolt driver. The police charged Idris, with two counts of kidnapping. The defendant pleaded not guilty to the charge. Justice Aliyu Shafa ordered that…
43 mins ago
Authorities have cancelled hundreds of flights at French airports on Thursday despite the country's main air traffic controllers' union dropping a call for a one-day strike after making a deal for higher pay. In Paris around 75 percent of flights at Orly and 55 percent at Charles de Gaulle airport would be dropped Thursday, the…
1 hour ago
<img src="https://guardian.ng/wp-content/uploads/2024/04/download-6-1.jpeg" alt="" width="299" height="168" class="size-full wp-image-2377592 The Kaduna Internal Revenue Service (KADIRS) on Wednesday sealed the United Bank for Africa branches in the state metropolis over alleged N14.3million unpaid tax. Speaking to newsmen after the exercise, Hajiya Aysha Ahmad, the KADIRS Board Secretary/Legal Adviser, said the enforcement was to ensure tax compliance in the…
1 hour ago
The Federal Government on Tuesday announced the appointment of 12 Consuls General to some Nigerian Missions abroad the appointment also includes five new five new Chargé D'affaires. The Consuls General are, Auwalu Jega Namadina, Atlanta, USA; Nnamdi Okechukwu Nne, Bata, Equatorial Guinea; Francis Ntui Enya, Douala, Cameroon; Gbadebo Afolabi, Shanghai, China and Oludare Ezekiel Folowosele,…
1 hour ago
President Bola Tinubu recently signed an executive order on oil and gas reforms in Nigeria. Presidency spokesman, Ajuri Ngelale, said following extensive engagements, analyses, and benchmarking with other jurisdictions, Tinubu initiated the amendment of primary legislation to introduce fiscal incentives for oil and gas projects. Tinubu's aide on social media, Dada Olusegun, in an update…
1 hour ago
German police said Wednesday they had arrested 11 suspected members of a Nigerian mafia group behind a large-scale dating scam. The Black Axe gang was involved internationally in "multiple areas of criminal activity," with a focus in Germany on romance scams and money-laundering, Bavarian police said in a statement. The dating trick was a "modern…
1 hour ago
The Federal Government said it has recovered N57 billion from the N5.2 trillion liabilities owed the Federal Inland Revenue Service (FIRS) and other bodies by Ministries, Departments and Agencies (MDAs) of government. Permanent Secretary, Special Duties, Federal Ministry of Finance Okokon Udo revealed this on Tuesday in Enugu State during a Sensitisation Workshop on Federal…
1 hour ago
The Registrar, Joint Admission and Matriculation Board (JAMB), Prof Ishaq Oloyede, says no fewer than 1.94 million candidates sat for the 2024 examinations in the country. Oloyede said this on Wednesday in Kaduna, while inspecting Computer Based Test (CBT) centres in the state amidst the ongoing JAMB examinations. He added that at the end of…