A prominent member of the All Progressives Congress (APC), Ismael Ahmed, has expressed concerns about a potential alliance between former Vice President Atiku Abubakar and Labour Party presidential candidate Peter Obi. He described such a coalition as a formidable threat to the APC’s dominance in the 2027 general elections. Speaking on Mic On, a podcast…
The Nigerian currency, the Naira, has experienced a remarkable turnaround, making significant gains against major global currencies. This unexpected appreciation follows the Central Bank of Nigeria’s (CBN) adoption of a new electronic foreign exchange market system designed to stabilize the currency. A Game-Changer: The Electronic Foreign Exchange Matching System (EFEMS) Banking professionals attribute this upward…
Senator Ali Ndume, representing Borno South, has voiced strong opposition to President Bola Tinubu’s tax reform bills, labeling them a misstep in timing and execution. His criticism highlights the disconnect between the proposed reforms and Nigeria’s pressing governance challenges, including high recurrent expenditures and mounting debt servicing obligations. In a recent interview, Ndume called for…
In a significant breakthrough, security forces have apprehended a man claiming to be a pastor, Terry Tinate Augustus, also known as “Black,” for his alleged involvement in a series of kidnappings. The suspect was captured in a coordinated operation in Ilaje Local Government Area, Ondo State, on December 8, 2024. Augustus, reportedly a key member…
Kehinde Ogunwumiju, a prominent legal expert and managing partner at Afe Babalola & Co., has taken legal action against activist Dele Farotimi over claims of defamation linked to his book, Nigeria and its Criminal Justice System. The Senior Advocate of Nigeria (SAN) contends that the publication contains damaging and false allegations. The lawsuit, filed on…
Former Nigerian President Olusegun Obasanjo has called for the immediate dismissal of Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC), along with other senior officials at federal, state, and local government levels. Obasanjo made the recommendation during a pre-recorded lecture titled Leadership Failure and State Capture in Nigeria, presented at the Chinua Achebe…
The first runner-up Miss Universe 2024 rewards highlight the remarkable achievements of Chidinma Adetshina, the Nigerian-born beauty who made history as the first Nigerian to secure this position. This prestigious package not only celebrates her exceptional talent but also sets her up for long-term success. Chidinma’s journey as the first runner-up Miss Universe 2024 comes…
Africa’s Richest Man Races to Transform Nigeria’s Oil Industry and Reduce Fuel Imports Aliko Dangote, Africa’s wealthiest businessman, is making significant efforts to secure billions of dollars to enhance crude supply for his state-of-the-art oil refinery on the outskirts of Lagos. The $20 billion facility, the largest in Africa and one of the most ambitious…
Investigation reveals unaccounted funds intended for critical water infrastructure in Nigeria, sparking calls for accountability and recovery World Bank Identifies Missing Funds in Nigeria’s Water Project The World Bank missing funds in Nigeria have sparked widespread concern after the global financial institution uncovered $32 million in unaccounted expenses related to a water infrastructure project. According…
Rising Debt Burden Sparks Concerns Amid Economic Reforms IntroductionNigeria’s external debt could escalate to $45.1 billion by the close of 2024, raising concerns about the country’s debt sustainability. This projection follows the Federal Government’s approval of a $2.2 billion external borrowing plan, intended to finance the 2024 Appropriation Act. With Nigeria’s external debt already rising…
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