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During the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Gabriel Ogbechie, CEO of Rainoil Limited, disclosed that the federal government has covertly resumed paying the contentious fuel subsidy.
Ogbechie highlighted the impact of the Naira's devaluation on the foreign...
The news of the Economic and Financial Crimes Commission (EFCC) preparing to arraign Obi Cubana for alleged Naira abuse charges has ignited a flurry of reactions across social media platforms. Nigerians express a mix of skepticism, amusement, and concern regarding the impending legal...
The Economic and Financial Crimes Commission (EFCC) has lodged a three-count charge against Instagram sensation Pascal Okechukwu, widely recognized as Cubana Chief Priest, for allegedly violating the Central Bank Act of 2007 by spraying and tampering with Naira notes at a social gathering...
The Kaduna State House of Assembly has launched an investigation into the financial dealings and project executions during the tenure of former Governor Malam Nasir El-Rufai.
During a recent plenary session, Hon. Yusuf Mugu, representing the Kaura constituency, raised concerns about the loans...
Pastor Iren, the Lead Pastor and founder of Celebration Church International sparked a theological debate when he claimed that biblical figure Jonah died in the stomach of a whale.
This assertion has led to varied reactions among Nigerian Christians, with some questioning the literal...
Fresh students at the University of Ibadan (UI) are protesting against a recent spike in school fees, citing concerns about accessibility to education.
The fee surge affects fresh students joining the 2023/2024 academic session, with fees ranging from N203,000 to N412,000, representing a...
Nigeria
Naira Rate: Bloomberg Africa Report On Nigeria's Depleting FX Reserves Points to Tougher Ride Ahead
Nigeria's foreign exchange reserves are dwindling at a rapid pace, sparking concerns over the Central Bank's strategy to prop up the naira amidst promises of a more flexible exchange rate.
In a span of just under a month, from March 18 to April 12, liquid reserves plummeted by 5.6%, plummeting...
In a comprehensive investigation conducted by the Foundation for Investigative Journalism (FIJ), a nuanced picture emerges of the events leading to the tragic killing of 17 soldiers in the Okuama community of Ughelli South LGA in Delta State.
The probe unveils a complex web of tensions between...
Recently, news circulated that the price of a bag of rice in Nigeria dropped from 84,000 Naira to 60,000 Naira, sparking various reactions across social media platforms. Nigerians took to Twitter to express their sentiments, with a wide range of responses reflecting skepticism, disbelief, and...
The Nigerian Civil Aviation Authority (NCAA) has taken decisive action against three private jet operators for their involvement in commercial flights. The suspension of their permits comes in response to heightened scrutiny and warnings from the Minister of Aviation and Aerospace, Festus...
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