The Naira has depreciated by N72.58 against the dollar as Foreign Exchange turnover transactions hit $7.39 billion at the close of the official trading window in July 2024 compared to June. This is according to the FMDQ financial market report in the period under review. In Naira terms, the country’s FX turnover stood at N11.48 […]

The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, has called on President Bola Tinubu to revisit his economic policies, noting that Nigerians are no longer at ease with them. Ugorji, who is also the Archbishop of Owerri, stated that the economic policies put in place by President Tinubu […]

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, has stressed the urgent need for Nigeria to move beyond political infighting and inconsistent policies that have hindered the country’s development since independence. She asserted that collective efforts, rather than a blame game, were needed to move the nation forward. Okonjo-Iweala spoke on Sunday at […]

On Monday, France held the Russian-born founder of Telegram Pavel Durov in custody for a second day of questioning over alleged offences related to the popular but controversial messaging app, which insisted he had “nothing to hide”. His arrest after flying into the Le Bourget airport outside Paris late Saturday is the latest extraordinary twist […]

A foremost human rights lawyer, Mr. Femi Falana, SAN, has asked the Nigerian Bar Association (NBA) to help “end illegal arrest and detention of innocent citizens by law enforcement agencies in the country”. He said this in a statement welcoming lawyers to Lagos for the 2024 Annual Conference of the NBA. Some youths who participated […]

Representatives of state governments at the last Federation Accounts Allocation Committee meeting have bemoaned the decision by the Federal Government to save additional revenue for the payment of the new minimum wage. This development, which affected their revenue distribution from the federation committee, was received with opposing views when an update on statutory allocation showed […]

There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly called petrol, to be released by the Dangote Petroleum Refinery next month. Multiple officials, both among oil marketers and members […]

Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “disclose details of any Chinese loans, liabilities, and other external borrowing obtained, and guaranteed by the Federal Government as well the terms and conditions for any such borrowing including the […]