Naira Records Second Straight Appreciation Against US Dollar
Nigeria’s currency, the naira, has recorded a second consecutive day of improvement against the United States dollar in the official foreign exchange market. This positive movement suggests a slight return of confidence and improved liquidity in the forex space. Market watchers say the appreciation is linked to increased dollar supply and recent monetary policies aimed […]
Ahmed formally hands over to Mohammed as CEO of NMDPRA
Former Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has formally handed over leadership of the agency to his successor, Engr. Ahmed Mohammed. The handover ceremony marked the official transition of leadership at the petroleum regulatory body responsible for overseeing Nigeria’s midstream and downstream energy sectors. During the event, […]
I didn’t say it’s fake – Oyedele clarifies comment on controversial Tax Reform Act
National Tax Policy expert, Kayode Oyedele, has clarified his earlier statement regarding the controversial Tax Reform Act, insisting that he never called the law “fake.” Oyedele noted that his comments were misinterpreted in media reports, leading to public confusion. He explained that while the Act has generated debate and concerns from stakeholders, his intention was […]
ICPC releases 2025 scorecard of MDAs, laments non-compliance to ethics
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has released the 2025 Ethics and Integrity Compliance Scorecard (EICS) for federal ministries, departments, and agencies (MDAs). The report highlights that no MDA achieved full compliance with ethical standards. Out of 344 MDAs assessed, only 48 showed substantial compliance, while 141 displayed poor compliance and […]
Dangote Threatens Kaduna Businessman, Kailani Mohammed With ₦100 Billion Lawsuit
Billionaire industrialist Aliko Dangote has reportedly threatened Kaduna-based businessman Kailani Mohammed with a ₦100 billion lawsuit. The dispute arises from alleged business disagreements and claims of reputational harm. Dangote’s legal team is said to be preparing formal proceedings to protect his interests. According to sources, the legal action stems from statements and business dealings that […]
Naira records significant appreciation against US dollar
The Nigerian Naira has recorded a significant appreciation against the US dollar, signaling a positive trend for the country’s economy. Experts attribute this gain to increased foreign exchange inflows and government policies aimed at stabilizing the currency. The improvement comes as a relief to businesses and citizens who rely on the dollar for trade and […]
He has right to sue – Shehu Sani reacts as Dangote threatens businessman with N100bn lawsuit
Former senator Shehu Sani has reacted to reports that Africa’s richest man, Aliko Dangote, is threatening a businessman with a ₦100 billion lawsuit. According to Sani, Dangote has every legal right to seek redress in court if he believes his reputation or business interests have been harmed. He noted that access to justice is a […]
MIPAD 2025: Ebuka, Bovi, Juliet Ibrahim, others, emerge winners[Full List]
The 2025 edition of the Most Influential People of African Descent (MIPAD) awards has recognized a new batch of outstanding Africans making significant impact globally. The winners include prominent media personalities, actors, and entrepreneurs such as Ebuka Obi-Uchendu, Bovi Ugboma, Juliet Ibrahim, and several others. The annual awards celebrate Africans who inspire positive change across […]
CBN orders banks to introduce multi-factor authentication for foreign card transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to implement multi-factor authentication (MFA) for all foreign card transactions. This move is aimed at boosting security and reducing fraud associated with international card usage. According to the CBN, the measure will require customers to provide additional verification, such as one-time […]
Naira records highest depreciation against US dollar as foreign reserves decline
The Nigerian naira has recorded its highest depreciation against the United States dollar, raising fresh concerns about the country’s economic stability. The sharp fall is coming at a time when Nigeria’s foreign reserves are declining, limiting the Central Bank’s ability to defend the local currency in the foreign exchange market. Market watchers say the drop […]