Nigerian naira hits record black market low
Nigeria’s naira hit a record low of 1,300 per dollar on the black market on Thursday, online platform abokiFX showed, driven by thin trading volumes on the parallel market and dollar shortages on the official market. The naira has been in free fall on the unofficial market, where it trades freely, after currency restrictions were […]
What Nobody Wants to Say About Social Media
By Janet Adeyemo In a global village where social media its the network, you desire social connection like the blood in your veins, this is how important social media is. Close your eyes, imagine what life would be without the ability to connect with others. Beyond social interaction made via social media, social media if […]
Supreme Court affirms Tinubu’s election, dismisses Atiku, Obi’s appeals
Finally, the eight months legal battle for the presidency of Nigeria has come to an end, with President Bola Tinubu of the ruling All Progressives Congress, APC, emerging victorious. The Supreme Court, yesterday, agreed with the September 6 verdict of the Presidential Election Petition Court, PEPC, on all counts. The seven-man panel of the apex […]
Nigeria’s $5bn gas earnings too low, says Shettima
The Vice President, Senator Kashim Shettima, on Thursday, said Nigeria earns about $5bn from gas, but described it as too low, particularly when compared to what Egypt earns from the same commodity despite having a far lower gas reserves. Shettima, who spoke at the 6th Value chain Annual Lecture and Awards in Abuja, said Nigeria […]
US warns businesses of risks in Uganda, citing anti-LGBTQ law
The United States on Monday issued a business advisory for Uganda, saying that businesses faced potential risks in the African country, citing an anti-LGBTQ law condemned by many countries and the United Nations. The advisory was issued by the U.S. Departments of State, Labor, Health and Human Services, and Commerce, and the U.S. Agency for […]
Mid-Term
by Isreal Faith The exciting mid-term was no ordinary holiday. It was a week of a conjuring trick, a playfully annoying action, and a state of great chaos for the parents. However, for the kids, it was a much needed respite from school, a time for fun, relaxation, and adventure so to say. As the […]
UK court dismisses $11bn P&ID suit, Nigeria demands damages
The Federal Government has said it will demand damages from Process & Industrial Developments Limited, which lost its $11bn arbitration award against Nigeria on Monday in the United Kingdom. The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, told The PUNCH: “There will be further hearing by the United Kingdom court on the […]
FG plans $10bn to stabilise naira, eyes NNPCL for forex
President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that the country was expecting about $10bn inflows in the nearest term, which would help to clear foreign […]
Fuel price rises 226.75% to N626.21 per litre
The price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre, recorded in the corresponding period of 2022. This is even as fuel price continues to rise in many states, due to the inability of oil marketers to import, many months […]
Basic Survival Skills
By Janet Adeyemo Life happens – good or bad, alive or near death, the world moves on because the world does not revolve around you. If you must live, then you have to figure out the safest way to stay safe. Swimming, biking, running, tree climbing, hiking etc are certain skills that can give you […]
Morocco to build new stadium, upgrade six others before 2030 World Cup
Morocco plans to build a large stadium in Benslimane, near Casablanca, and upgrade six others in preparation for co-hosting the 2030 World Cup, the prime minister’s office said on Friday. A deal was signed the same day between the government and state-owned fund CDG to finance the new stadium to be ready by 2028 for […]
FG ready to commit 25% of annual budget to education – Minister
In line with its commitment to crash the high number of out of school children in North-West region of Nigeria by improving access to quality education and empowering youths in the region, the European Union has announced the investment of an additional €5.4m in building the capacity of teachers. EU Commissioner for International Partnerships, Jutta Urpilainen, […]
Senate plans law making electronic transmission of results mandatory
Ahead of the 2027 elections, the Senate is set to amend the Electoral Act to allow for diaspora voting, at least for presidential elections, to enable citizens, especially those on essential service abroad, to vote. The Senate in a communiqué issued at the end of its retreat in Ikot Ikpene, Akwa-Ibom State, also resolved to make […]
EFCC chair resumes, to battle 25 abandoned cases against ex-govs, others
The new Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, will inherit no fewer than 25 high-profile corruption cases involving former governors, ministers and senators, Sunday PUNCH can report. Some of the cases, especially those against some ex-governors, have lasted several years. While some are still under investigation, some have spent years in court […]
Why INEC Chairman shouldn’t be appointed by presidents – Jega
A former Chairman of the Independent National Electoral Commission, INEC, Prof Attahiru Jega, has justified why chairmen of the electoral body should not be appointed by the President. Jega made the point why speaking at a two-day retreat organised for senators by the National Institute for Legislative and Democratic Studies (NILDS) in Ikot Ekpene, Akwa […]