Naira Strengthens to ₦1,600/$ in Parallel Market
The naira appreciated slightly in the parallel market on Monday, trading at ₦1,600 per dollar, compared to ₦1,605 last weekend. However, it weakened at the official Nigerian Foreign Exchange Market…
Senate Holds Public Hearing on Constitution Review
The Senate Committee on the Review of the 1999 Constitution has announced a two-day nationwide public hearing to be held across Nigeria’s six geopolitical zones on July 4 and 5,…
Iran-Israel Conflict: Petrol May Hit ₦1,000/Litre as Global Oil Prices Surge
Petrol prices in Nigeria could rise to ₦1,000 per litre this week as global crude oil prices approach $80 per barrel. The spike follows rising tensions in the Middle East…
ATM Withdrawals Drop as POS Agents Process ₦223tn Transactions
Point of Sale (POS) terminals processed transactions worth ₦223.27 trillion in 2024, doubling the ₦110.35 trillion recorded in 2023. This is according to data from the Central Bank of Nigeria’s…
Buratai Predicts Better Security Nationwide in Two Years Under Tinubu
Former Chief of Army Staff, Lt. Gen. Tukur Buratai (Rtd), has expressed confidence that Nigeria’s security situation will improve within the next two years under President Bola Tinubu’s leadership. Speaking…
Internet Usage Drops Across Nigeria as High Tariffs Force Users to Cut Back
Internet usage in Nigeria dropped sharply between January and April 2025 following a 50% increase in data tariffs, according to the latest report from the Nigerian Communications Commission (NCC). The…
NCC Approves Airtime Deductions for USSD Bank Charges
Starting June 3, 2025, Nigerians using USSD banking services will have the charges deducted directly from their mobile airtime, not their bank accounts. This follows a new directive from the…
Presidency Defends Borrowing, Says ‘No Sin in Taking Loans’
The Presidency has defended its growing loan requests, stating that borrowing is not a crime if funds are used wisely. Presidential aides made this clear during a media briefing in…
FG Plans Mandatory Workers’ Compensation Scheme Nationwide
The Nigeria Social Insurance Trust Fund (NSITF) has launched a sensitisation campaign to ensure the full implementation of the Employees’ Compensation Scheme (ECS) across the federal civil service. NSITF Managing…
Eight Arrested Over Death of Two-Month-Old Baby in Kwara
The Kwara State Police Command has arrested eight suspects in connection with the tragic death of a two-month-old baby, Adam Tahiru, who was found inside a domestic well in Ilorin.…