Naira value falling rapidly against the dollar again

The value of Nigeria’s naira has again weakened further against the United States dollar at both the official and parallel foreign exchange markets. So, officers of the Economic Financial Crimes Commission (EFCC), on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt. Activities of currency speculators […]

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Bank manager nabbed for allegedly stealing customers’ N650m in Nigeria

Osun State Police Command, said on Tuesday, that it had arrested a manager in one of the branches of a first-generation bank in Osogbo, Mr Adeniyi Talabi, for allegedly stealing the sum of N650m belonging to 35 customers of the bank. A statement by the Police Public Relations Officer (PPRO) of the command, Yemisi Opalola, […]

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Meghan Markle, Dr. Ngozi Okonjo-Iweala host Women in Leadership discourse in Nigeria (Photos)

Prince Harry’s wife and the Duchess of Sussex, Meghan Markle joined the Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala to host a Women in Leadership discourse on Saturday evening, May 11. She arrived the venue without her husband. The event took place in Abuja, Nigeria, and was moderated by Nigerian media […]

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Unravelling the Scams that Plunged Nigeria Into Debt Trap, By Magnus Onyibe

The reality today is that Nigeria’s total debt, comprising both local and external stocks, is, according to Nigeria’s Debt Management Office (DMO), a whopping N107 trillion, which is humongous. The culprits for the ballooning of the debt are hugely the policy of subsidizing petrol pump prices and propping up the naira, origins of which date […]

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Duke and Duchess of Sussex, Prince Harry and Meghan arrive Nigeria on official visit (Photos)

King Charles of England’s second son, Prince Harry and his wife, Meghan Markle touched down in Nigeria on Friday, May 10, for their first official international tour since stepping back from their royal roles in 2020. The Duke and Duchess of Sussex were pictured arriving at the Nnamdi Azikiwe International Airport, in Abuja, Nigeria on […]

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Nigeria, a country that demolishes more than it builds, By Abimbola Adelakun

Popular singer Yemi Alade recently drew the ire of some online commentators when she decried the frequency of house demolitions in Lagos. Some of these commenters’ vociferous defence of the government’s decision to demolish houses left me wondering if this is not schadenfreude. Do these people truly believe in the irreproachability of the government, or […]

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Tinubu returns to Nigeria after two weeks trip abroad

President Bola Tinubu and his aides have, on Wednesday, returned to Nigeria from Europe and Saudi Arabia, a statement by the Presidency has said. Bayo Onanuga, Special Adviser to the President on Information and Strategy, who announced the development in a post on his X handle today, welcomed the president into the country. “Welcome Home […]

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Local Govt Chairman in Nigeria swears in Advisers, Supervisors with cutlass

A video showing newly appointed Supervisors and Advisers of Ikere-Ekiti Local Government Area (LGA) in Ekiti state, Nigeria, were sworn in with a cutlass (Ògún totem) and either the Bible or Quran. The viral video shows the Supervisors and Advisers taking turns to wield a cutlass (a totem for the god of iron) in one […]

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Police Inspector in custody for cutting off his pregnant wife’s hand over N3,000 in Nigeria (Graphic photos)

Police Inspector has been detained for allegedly cutting off his pregnant wife’s hand over N3000 in the Dong area of Jos North Local Government Area of Plateau State. Reports say the man committed the act after his wife allegedly took N3,000 out of his savings. It was gathered that the Inspector left the money at […]

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8 highest-paying courses in Nigeria you’ll never regret studying

If you think some courses are not relevant in Nigeria, I won’t say you’re wrong. Some even argue these courses are what they are, even before the advent of the internet. They’re not just feasible. The propagation of digitisation and technological advancement has made some fields more demanding. Yes, daily discoveries tend to relinquish the […]

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Nigeria’s naira rebounds against the US dollar

Nigeria’s naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded at the close of trading activity on Friday. This came as the Senate through its Committee […]

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FCCPC sealed up Chinese supermarket in Nigeria where Nigerians are not allowed to shop

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has sealed an Abuja-based Chinese supermarket located within the China General Chamber of Commerce (CGCC) in Abuja, Nigeria, following allegations of discriminatory practices against Nigerians. Officials of FCCPC shut the supermarket when they stormed the premises on Monday. The commission’s officials sealed up the place after interrogating […]

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N32.7bn, $445,000 recovered from Nigeria’s Humanitarian Ministry

Nigeria’s Economic and Financial Crimes Commission has slammed suspended Humanitarian Minister, Betta Edu, her predecessor, Sadiya Umar-Farouq, and the Coordinator of the National Social Insurance Programmes Agency, Halima Shehu, while revealing that a combined total of N32.7bn and $445,000 has been recovered so far from the ministry. In a statement signed on Sunday by the […]

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Again, Covenant University ranked the best in Nigeria in 2024 (Full ranking list)

Times Higher Education (THE) has released the 2024 edition of its Nigerian universities ranking, in which this year, more than 35 Nigerian universities were rated. Covenant University, Ota, was ranked above the University of Ibadan and the Federal University of Technology, Akure, as the best university in Nigeria for the second time, according to Times […]

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Man arrested for allegedly stabbing his wife’s friend to death in Nigeria

Operatives of the Delta State Police Command, Nigeria, has arrested one Nicholas Charles for the murder of his wife’s friend, Ngozi Sharon William, in Asaba, the state capital. The State Commissioner of Police, CP Abaniwonda Olufemi, who disclosed this to newsmen in Asaba, on Thursday, April 11, 2024, said the deceased, a mother of three, […]

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See the price of brand new Peugeot 504 car in Nigeria in 1975 that could not buy a loaf of bread in 2024

Once upon a time, the Nigerian Naira was a king over the United States Dollars. This was the case in 1975, when a brand new Peugeot 504 car would be purchased from the showroom with only N1,500, an amount that cannot buy a loaf of bread this year 2024. A loaf of bread is sold […]

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Deputy Commissioner of Police reportedly commits suicide in Nigeria

Deputy Commissioner of Police (DCP) serving with the Force Criminal and Investigation Department (FCID), Alagbon, Lagos State Nigeria, Gbolahan Oyedemi, on Monday, reportedly committed suicide in his private house in his hometown, Ogbomoso, Oyo State. Oyedemi was the Aide de Camp (ADC) to the late former Governor of the state, Adebayo Alao-Akala, during his 11-month […]

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University lecturer assassinated in his office in Nigeria

Unknown assailants have killed Dr. Kamar Abdulkadir, a lecturer in the Department of Physical Health Education, University of Maiduguri, Borno State. It was gathered that the assailants sneaked into his office on Sunday, March 31, 2024, and attacked him with a knife and hammer. A source told security expert, Zagazola Makama that the victim was […]

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