The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1876 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
For Prof. Pat Utomi, Nigeria’s path to prosperity will not be found in skyscrapers, super-highways or billion-dollar railways, but in the health and education of its people. The Convener of the Big Tent Shadow Cabinet told NAN in Lagos that government’s obsession with “flashy projects” such as the Eko Atlantic City and a proposed $60…
The Conference of Speakers of State Legislatures of Nigeria (CSSLN) on Tuesday rejected summons issued by the House of Representatives Committee on Public Petitions to the Speakers of the Benue and Zamfara State Houses of Assembly. The CSSLN conveyed its position in a statement issued by its Chairman, Mr Adebo Ogundoyin. The summons are reportedly…
The Iraqi Oil Ministry has dismissed accusations from several U.S. Congress members that Iraq is smuggling and “illegally” selling oil to Iran to help it avoid U.S. sanctions. The ministry also called the claims “fabrications that have no basis.” This response followed a letter reportedly sent by five U.S. Congress members to President Joe Biden…
The leadership of Nigeria’s Labour Party, under Senator Nenadi Usman, has called for unity and adherence to the rule of law after recent comments by Dr Datti Baba-Ahmed appeared to reignite internal leadership tensions. Speaking at an event earlier this week and again on a national television broadcast, the party’s 2023 vice-presidential candidate reportedly identified…
The United States Mission to Nigeria has announced an investigation into how past aid allocated to Nigeria and other countries has been utilised. This follows US President Donald Trump’s January 20, 2025, decision to suspend all foreign aid for 90 days, citing concerns about global destabilisation and misalignment with American interests. The move responds to…
Mr Pius Abang, a former member of the House of Representatives, has denied any involvement in the Boje, Isobendeghe communal clash in Boki Local Government of Cross River. The News Agency of Nigeria (NAN) reports that the communal clash which started on the 23, had as at on Saturday claimed two persons lives. Abang, who…
The UN Libya mission expressed its alarm over footage circulating on social media featuring “brutal torture and ill-treatment” of detainees at the Gernada detention facility in eastern Libya. Reuters was not able to independently verify the neither location nor date of the footage, however, architectural details seen on the videos, including the type of tiles…
The head of the Nigeria Correctional Service (NCoS) in the Federal Capital Territory, Christopher Jen, has promised reforms to improve staff welfare and widen rehabilitation opportunities for inmates under his command. Jen gave the assurance during a familiarisation tour of custodial facilities in the FCT, which included Kuje and Suleja Medium Security Centres, the Dukpa…
Some financial experts have said the 14 per cent trade tariff imposed by the United States Government on Nigeria threatens the African Growth and Opportunity Act (AGOA). In separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Monday, the experts added that the tariff would also affect the duty-free provision. Dr Olumuyiwa…
