The naira has demonstrated a consistent appreciation against the dollar throughout the week, closing on Friday at ₦1,580.44 in the official foreign exchange market. According to data from the Central Bank of Nigeria’s website, the naira strengthened by ₦4.51 against the dollar on Friday, reflecting a 0.28 per cent increase from Thursday’s closing rate of…
The Supreme Court has rejected a lawsuit brought by the 36 state governments and the Nigeria Governors’ Forum (NGF) concerning the federal government’s management of recovered looted funds. In the lead judgment prepared by Chidiebere Uwa and delivered by Mohammed Idris, the seven-member panel unanimously concluded that the court did not have the jurisdiction to…
The 2023 presidential candidate of the Social Democratic Party (SDP), Adewole Adebayo, has declared that he will not step down for former Vice President Atiku Abubakar in the upcoming 2027 general election. Adebayo made this known during a television programme. Amid claims that the SDP could be included in a broader alliance to challenge…
Nuhu Ribadu, the National Security Adviser, announced on Thursday that the sit-at-home orders enforced by terrorist organisations in the South-East are slowly losing their grip. Ribadu made these statements during a presentation regarding the security successes of President Bola Tinubu’s administration at the All Progressives Congress national summit. According to the NSA, the current administration…
Governor Abba Kabir-Yusuf of Kano has addressed the pressing issue of N2.24 billion in unpaid tuition and accommodation fees for 84 students stranded in Northern Cyprus, five years after their sponsorship was discontinued. In a ceremony at the Government House in Kano on Thursday, Mr. Yusuf presented certificates to the students, explaining that they were…
The Abuja Division of the Federal High Court has admitted video evidence featuring General T.Y. Danjuma, Imo State Governor Hope Uzodinma, and Adeola Ajayi, the Director General of the State Security Service, in the ongoing trial of Nnamdi Kanu. Justice James Omotosho accepted the flash drive containing the three videos as Exhibit PW-P, along with…
Nasir El-Rufai, the former Governor of Kaduna State, has praised the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, asserting that he will remain in his position if their coalition successfully removes President Tinubu from office in 2027. “El-Rufai stated, ‘We will indeed keep Bosun Tijani as he is performing admirably.’” These comments were…
The Nigerian Education Loan Fund (NELFUND) has mandated all tertiary institutions to reimburse tuition fees paid by students who were verified prior to receiving their loans. This directive aims to ensure that no verified student within the loan scheme is denied access to academic activities, including examinations, due to outstanding tuition payments. NELFUND’s Managing Director…
The naira experienced a rise yesterday, climbing to N1,620 per dollar in the parallel market, up from N1,625 per dollar on Monday. However, it faced a decline in the Nigerian Foreign Exchange Market (NFEM), where it fell to N1,598.69 per dollar, compared to N1,597 per dollar the previous day, reflecting a depreciation of N1.69. As…
Pep Guardiola has issued a clear warning to Manchester City, indicating that he may consider resigning as manager if he is given an overly large squad next season. After City’s 3-1 win against Bournemouth on Tuesday, the Spaniard spoke about the emotional strain of leaving too many fit players out of the matchday squad. A…
