Economic Woes: I Take Full Responsibility, Tinubu Declares
The President of Nigeria, Bola Tinubu has disclosed that his administration was working assiduously to ensure that Nigeria is reformed for greater efficiency with a particular emphasis on systematically inculcating fairness and equity in all aspects of the national life. While Addressing Afenifere leaders at the residence of Pa Reuben Fasoranti in Akure, Ondo State, […]
Binance Executives Nabbed In Nigeria’s Crypto Clampdown
Nigerian authorities have arrested two top-ranking Binance officials amidst the government’s intensified efforts to regulate cryptocurrency trading platforms. In light of Nigeria’s recent crackdown on cryptocurrency exchanges, the executives journeyed to the country, only to find themselves detained by the national security adviser’s office, as reported by Africa Today News, New York, with their passports […]
McConnell To Resign As Senate Republican Leader In November
Mitch McConnell, the longest-serving Republican leader in the US Senate, has disclosed his intention to step down from his leadership position come November. Speaking to the Senate on Wednesday, the Kentucky politician emphasized the notion that it was “time to move on.” Mr. McConnell’s influence has been crucial in promoting conservative priorities and bolstering Republican […]
NLC Reiterates Call For ₦1m Minimum Wage Amid Hardship
The Ogun State branch of the Nigeria Labour Congress (NLC) asserted firmly on Wednesday that the proposed N1 million minimum wage for workers nationwide remains non-negotiable. Addressing reporters in Abeokuta, the state capital, Comrade Hammed Ademola-Benco, the State Chairman of NLC, made it clear that the national leadership of the union stands firm on its […]
Reps Seek Probe Into $2.4bn CBN Contracts Rendered Invalid
The House of Representatives announced on Wednesday its decision to launch a probe into the recent cancellation of $2.4 billion worth of forward contracts by the Central Bank of Nigeria. Addressing the National Assembly last week, CBN Governor Olayemi Cardoso revealed that a significant portion of the $7 billion foreign exchange backlog he inherited upon […]
ECOWAS Deplores Lack Of Trade Growth Among Member States
Omar Touray, the President of the Economic Community of West African States Commission, ECOWAS, has expressed regret over the limited trade volume among member states. Touray revealed this during a press conference in Abuja on Wednesday, while fielding questions from journalists. Touray pointed out that in comparison to developed nations, where intra-community trade stands at […]
Heavy Gunfire In N’Djamena After Security HQ Attack In Chad
N’Djamena, Chad‘s bustling capital, is rattled by the thunderous exchange of gunfire, marking the aftermath of a lethal assault on the National Security Agency’s headquarters. The government attributes the attack to an opposition party, stating that numerous casualties have been reported in the wake of the violence. Netblocks, an internet watchdog, reports a disruption in […]
Ortom Prepares For Investigation As Alia Forms Two Panels
Rev. Fr. Hyacinth Alia, the Governor of Benue State, took decisive action on Tuesday by launching two commissions of inquiry aimed at delving into the financial activities of his predecessor, Samuel Ortom, over the span of eight years. Ortom wasted no time in responding, with his media aide Terver Akase stating his commitment to facing […]
Hong Kong Drops Property Taxes To Revive Housing Market
Hong Kong‘s Finance Minister Paul Chan announced the elimination of three significant property transaction taxes during his annual budget address on Wednesday, aiming to rejuvenate the city’s sluggish housing market. Despite its status as one of the world’s least affordable housing markets, the finance hub witnessed a decline in home prices last year due to […]
Oronsaye: FG Assures Nigerians Of Job Security
Mohammed Idris, the Minister of Information and National Orientation, moved to allay concerns about potential job cuts following the rollout of the Oronsaye Report on Wednesday. A dozen years following the submission of the Stephen Oronsaye Report, the Federal Government, on Monday, endorsed the execution of select suggestions to streamline governance expenses. Idris made this […]
Petrol Importation Slashed By Half, Reports FG
Mohammed Idris, Nigeria’s Minister of Information and National Orientation, announced on Wednesday a significant 50% decline in petrol imports following the removal of fuel subsidies. Idris made this statement during the third installment of the ministerial press briefing series, which took place in Abuja and featured the Coordinating Minister for Health and Social Welfare addressing […]
Why Dollar May Exchange For ₦4000 At Year End – Ozekhome
Popular Lawyer and human rights activist, Mike Ozekhome has submitted that should the Naira keep on falling against the Dollar at its current rate, it might hit the 4000 mark to the dollar by the end of the year. The Naira has significantly declined recently due to the scarcity and demand for dollars. Analysts claim […]