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The Devaluation of the Venezuelan Bolivar and the Dominance of the US Dollar

  • October 24, 2025
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While the statement that “money has no value in Venezuela” is an exaggeration, the Venezuelan bolivar (VES) has suffered such severe devaluation due to hyperinflation that it now holds very little value. This ongoing economic crisis has fundamentally altered daily life and financial practices in the country.     The bolivar’s decline is rooted in […]

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Wike Urges African Leaders to Prioritise Transformational, People-Centred Governance

Minister of the Federal Capital Territory, Nyesom Wike, has urged African leaders to embrace transformational leadership rooted in service, accountability, and people empowerment, warning that the continent’s future depends on a new generation of visionary and selfless leaders. Wike made the call on Thursday while delivering the keynote address at the 2025 Innovate Africa Conference […]

News Politics

Tinubu Will Never Back Another Party, Boasts Anambra APC Candidate Ukachukwu

The All Progressives Congress (APC) governorship candidate in Anambra State, Nicholas Ukachukwu, has expressed confidence that President Bola Ahmed Tinubu will not support any candidate outside the ruling party in the forthcoming governorship election in the state.   Ukachukwu, who spoke on Thursday while addressing party stakeholders and supporters, described President Tinubu as a “true […]

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Cults Funded By Politicians Biggest Security Challenge In South-East, Says Odinkalu

Human rights lawyer and former Chairman of Nigeria’s National Human Rights Commission, Prof. Chidi Odinkalu, has identified the sponsorship of cult groups by politicians as one of the major security challenges confronting the South-East region.   Odinkalu, who spoke on Thursday, said the menace of politically sponsored cultism has become deeply entrenched in the region, […]

Foreign News

Crypto Comeback: Trump Pardons Binance Founder Changpeng Zhao in Surprise Thursday Move

 U.S. President Donald Trump has granted a full presidential pardon to Changpeng Zhao, popularly known as “CZ,” the founder and former chief executive of Binance, in a move that has sent shockwaves across the global cryptocurrency industry.   The White House announced the pardon on Thursday, describing Zhao as “a victim of the Biden administration’s […]

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Federal Government, Islamic Development Bank to Accelerate Completion of Key Road, Bridge Projects

The Federal Government has renewed its partnership with the Islamic Development Bank (IsDB) to accelerate the completion of strategic road and bridge projects across Nigeria under President Bola Tinubu’s Renewed Hope Legacy Projects. Minister of Works, David Umahi, announced this commitment on Thursday in Abuja when he received a delegation from the IsDB Regional Hub […]

News Politics

Atiku Condemns Sowore’s Arrest, Says Tinubu’s Government Treats Dissent as Crime

Former Vice President Atiku Abubakar has condemned the arrest of human rights activist Omoyele Sowore and several other citizens who were reportedly detained while protesting peacefully in different parts of the country.   In a post on his official X (formerly Twitter) account on Thursday, Atiku expressed dismay over the incident, describing it as a […]

Article News

Motorcyclist Dies in Lagos Crash While Riding Against Traffic

A tragic road accident on Thursday claimed the life of a motorcyclist along the Apapa–Oshodi Expressway in the Ibafon area of Lagos State.   The incident, which occurred around 11:30 a.m., involved a speeding truck, a Honda Accord car, and the deceased motorcyclist.   According to eyewitnesses, the motorcyclist was riding against traffic when he […]

Foreign News

Ukraine Says Russia Returned 1,000 Bodies of Fallen Soldiers

 Ukraine has announced that Russia has returned the bodies of about 1,000 individuals, believed to be Ukrainian servicemen who died in the ongoing war.   The Coordination Headquarters for the Treatment of Prisoners of War in Kyiv confirmed the development on Thursday, describing it as one of the largest body repatriations since the full-scale invasion […]