Naira Among Africa’s Worst Currencies, Falls By 40% – World Bank
It noted that the currency weakened by nearly 40 per cent against the US dollar since a mid-June devaluation. The global bank explained in its report titled, ‘Africa’s Pulse: An…
ECOWAS Imposes More Sanctions On Niger
The Economic Community Of West Africa States has imposed fresh sanctions over the coup in Niger Republic. The regional bloc had earlier given Niger junta seven days to reinstate President…
CBN To Increase Capital Base Of Banks
The Central Bank of Nigeria (CBN) has said that it will soon be announcing a new capital base for banks in the country as it said Nigerian banks were not…
FG, Twitter In Talks After Suspension
Mary Leonard, Ambassador of the United States of America to Nigeria, on Monday, confirmed that Nigeria is in discussion with Twitter over suspension of its operations in Nigeria. Leonard said…
Nigeria Looks To 5G Technology To Address Security Challenges
President Muhammadu Buhari on Tuesday in Abuja directed all the security institutions to immediately leverage Fifth Generation (5G) technology, when deployed, to enhance security in the country. Launching the National…
CBN Uncovers $2.4bn Foreign Exchange Scam
In a startling revelation, the Central Bank of Nigeria (CBN), Governor Yemi Cardoso, has disclosed that law enforcement agencies are investigating foreign exchange forwards valued at approximately $2.4 billion.Cardoso noted…
FG Files Fresh Charges Against Nnamdi Kanu
The Federal Government has filed an amended seven-count charge against the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, before a Federal high court in Abuja. The fresh…
Nigeria At 60 Awards To Hold On September 30 – FG
The Federal Government has set a new date for the Nigeria @60 Jubilee Special Award ceremony. According to a statement made available on Monday by the Ministry of Industry, Trade…
Twitter Says Discussions With FG Have Been “Respectful And Productive”
The statement follows President Muhammadu Buhari’s announcement that the Twitter ban will be lifted, but only after certain conditions are met. The social media platform, Twitter, which is currently banned…
Over 1900 Repentant Boko Haram Terrorists Released Back Into Communities – Nigerian Defence Headquarters
The Nigerian Defence Headquarters, Abuja, has stated that no fewer than 1935 repentant Boko Haram terrorists were released from the Bulumkutu camp in Borno State back into the Nigerian society…