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Stay updated with news from Nigeria and for Nigerians. Dive into the latest headlines tailored for the Naija spirit. Nigerian Bulletin is the voice of Nigeria in a changing world. Nigerian Bulletin is the voice of Nigeria in a changing world.
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Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher... -
Nigeria Nigerian Anglican Leaders Slam Politicians, Including Tinubu, Over Widespread Corruption and Economic Hardship
The Anglican Church of Nigeria condemned corruption among political leaders, criticizing insensitive government policies causing severe hardship for citizens. In a recent meeting, church leaders expressed solidarity with protests against bad governance and called for a comprehensive... -
Nigeria President Tinubu Set for Cabinet Reshuffle Ahead of October 1 Deadline
President Bola Tinubu is set to reshuffle his cabinet, according to Bayo Onanuga, Special Adviser on Information and Strategy. While no specific date has been announced, changes may occur before October 1st. The President urges ministers to better communicate their achievements to improve public...
Napoli has officially excluded Victor Osimhen from their Serie A squad for the season, along with Mario Rui, as the club considers them out of their plans. The decision follows a breakdown in relationships, with both players seeking exits on their terms.
In a shocking turn of events, Napoli has...
Jadon Sancho has joined Chelsea on a season-long loan from Manchester United, with an obligation to buy if performance targets are met. The former £73 million forward seeks to revive his career after a challenging stint at United, which included a loan back to Borussia Dortmund last season...
Nigeria
Press Freedom at Risk? SSS Blames Mistaken Identity for Journalist Adejuwon Soyinka’s Arrest
The State Security Service (SSS) has returned journalist Adejuwon Soyinka's passport, blaming his wrongful arrest on mistaken identity. Soyinka, detained at Lagos airport, was released after hours of interrogation. Human rights groups criticize the SSS's actions, highlighting concerns about...
PZ Cussons Nigeria reported its first annual loss since 2020, with a N76 billion deficit for the year ending May 2024. The loss was driven by a 3,000% surge in foreign exchange losses due to naira depreciation, significantly impacting the company's financial stability and increasing liabilities...
Afrobeats star Rema receives a royal plaque from the Oba of Benin, Oba Ewuare II, recognizing his contributions to promoting Edo State and the Benin Kingdom globally. The honor comes as Rema prepares for his homecoming concert at Ogbe Stadium and follows the naming of 'Rema Dome' in his honor...
Former Vice President Atiku Abubakar mocks the Nigerian government’s plan to privatize the Warri and Kaduna refineries. NNPCL aims to enhance efficiency by engaging private operators. Atiku's reaction highlights ongoing discussions on refinery management and reflects public skepticism about the...
Image Credit: Arsenal FC
Raheem Sterling has joined Arsenal on a season-long loan from Chelsea after struggling for playing time. The 29-year-old expressed excitement about the move, highlighting Arsenal's strong team spirit. Fans reacted with shock, questioning the impact of this transfer on...
X, formerly Twitter, has been banned in Brazil after failing to comply with a Supreme Court order to appoint a legal representative and pay fines related to disinformation. The decision follows accusations against accounts linked to former President Jair Bolsonaro, highlighting ongoing tensions...
![Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions](/data/attachments/207/207791-31fa721aaf6302a0c356371f7a19343c.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[31-08-2024]: Naira Falls to N1,645 Against Dollar Despite CBN Interventions
The Naira depreciated significantly, losing N30 in the parallel market and N28.48 in the official market last week. It fell to N1,645 against the dollar amid the Central Bank of Nigeria's Retail Dutch Auction System, despite an increase in foreign exchange transaction turnover.
In the past...
The NFF has confirmed the collapse of Bruno Labbadia's appointment as Super Eagles head coach due to German tax complications. Following his withdrawal, Austin Eguavoen has been appointed as caretaker coach, leading the team in upcoming 2025 AFCON qualifiers against Benin Republic and Rwanda...
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