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Nigeria
Naira Drops to Record 980 per Dollar in Official Market, Reflecting Persistent Dollar Shortages and Economic Challenges
Photo by Sunday Abegunde on Unsplash
According to Reuters, Nigeria's naira has plummeted to an unprecedented low against the dollar, hitting 980 naira per dollar in the official market. This record devaluation mirrors the ongoing weakness in the parallel market and underscores the persistent...
Nigeria
President Tinubu Launches Ambitious Cash Transfer Program Targeting 15 Million Households – Here's What You Need to Know
Today, President Bola Tinubu launched the Renewed Hope Conditional Cash Transfer program, aimed at benefiting 15 million households. The launch coincided with World Poverty Eradication Day and was conducted at the Press Gallery of the State House in Abuja. Representing the President, the...
During a board meeting of the Lagos State Football Association (LSFA) in Surulere, Lagos, the Executive Board voted 5-4 in favor of suspending its Chairman, Hon. Fouad Oki. Several grounds contributed to Oki's suspension:
Non-attendance at the NFF Congress without explanation or the knowledge...
The Federal Government of Nigeria has announced an increase in the country's power transmission capacity to 8,500 megawatts. The Transmission Company of Nigeria (TCN), a government-owned firm, revealed this development, emphasizing its ability to evacuate all electricity generated by power...
In a further escalation of the ongoing crisis in Nigeria's Senate, Chief Whip Senator Ali Ndume staged a dramatic walkout during a session. Citing order 54 of the Senate Rule Book, Ndume expressed his concerns to Senate President Godswill Akpabio, claiming that the handling of affairs in the...
Notorious criminal Nasiru Abdullahi, also known as Chile Maidoki, who had been declared wanted by the Kano command, has joined the Nigeria Police Force as a police constabulary. Abdullahi and two other criminals had been declared wanted by the Kano command with a bounty of N100,000 each in...
Africa
Liberia's Presidential Election Heads for Run-Off as George Weah and Joseph Boakai Face Tight Contest
Liberia is on the path to a presidential run-off election as the official provisional results show George Weah and Joseph Boakai neck and neck. Weah, the outgoing incumbent and a former international footballer running for a second term, gained 43.65 percent, while Boakai, 78, secured 43.70...
South Africa is on the verge of a remarkable economic comeback that could see it surpass Nigeria as the largest economy on the African continent. As the South African economy continues to recover and grow, it is expected to topple Nigeria's long-standing dominance, a shift that carries...
Nigeria
Former Central Bank Deputy Governor Criticizes Nigerian Government's $1.5 Billion World Bank Loan
Former Deputy Governor of the Central Bank of Nigeria (CBN) and one-time presidential candidate, Kingsley Moghalu, has launched a scathing critique of recent financial decisions made by the Federal Government of Nigeria. His condemnation revolves around two key issues: Nigeria's pursuit of a...
Americas
Will Smith Pens Emotional Tribute to Jada Pinkett Smith's 'Worthy' Memoir, Reflecting on Their Journey
Image Credit: TechCrunch
Will Smith has expressed deep admiration and respect for his estranged wife, Jada Pinkett Smith, over her recently released memoir, "Worthy." In a heartfelt letter shared on British podcaster Jay Shetty's podcast "On Purpose," Smith praised Jada for the revelations in...
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