The aftermath was a precipitous and sustained decline of the local currency, as the naira plummeted from approximately N460/$ in June 2023 to N1,535/$ by the close of 2024. This abrupt devaluation subjected Nigerian corporations to colossal FX translation losses and escalating interest liabilities, undermining shareholder value across the NGX. The distress was […]
Nigeria’s national women’s basketball team, D’Tigress, have returned to the country following their historic victory at the 2025 FIBA Women’s AfroBasket Championship held in Abidjan, Côte d’Ivoire. The team, who arrived at the Nnamdi Azikiwe International Airport in Abuja on Monday morning, were warmly received by sports officials and supporters. They are expected […]
FCT Minister Nyesom Wike has sharply criticised the recent opposition coalition led by former Vice President Atiku Abubakar, accusing him of using the African Democratic Congress (ADC) as a personal political vehicle to secure the 2027 presidential ticket. Speaking at a media parley in Abuja on August 4, 2025, Wike dismissed the credibility of […]
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned property owners who have failed to pay their ground rent, declaring that the government will begin sealing up defaulting properties in the nation’s capital. Speaking during a media parley in Abuja, Wike reminded the public that more than three months have passed […]
President Bola Ahmed Tinubu has approved the continued funding of road infrastructure projects under the Nigerian National Petroleum Company Limited (NNPC) Tax Credit Scheme, assuring Nigerians that no project under the initiative will be left abandoned. The president’s decision is part of his administration’s renewed commitment to completing all ongoing infrastructure projects across the […]
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bayo Ojulari, has called for a continental shift toward bankable energy projects that can attract serious investments and close Africa’s energy infrastructure gap. Speaking at a high-level energy forum, Ojulari noted that while Africa is rich in natural resources, […]
A deadly collision between a passenger bus and a freight train in Russia’s Leningrad region has left one person dead and at least 11 others injured, local authorities confirmed on Monday, August 4. The incident occurred at an unguarded railway crossing in the Volkhonskoye area, not far from the city of St. Petersburg. According […]
The Lagos State Government has identified 176 illegal estate developments across Eti-Osa, Ajah, Ibeju-Lekki, and Epe, warning owners to regularise their operations within 21 days or face regulatory sanctions. In a statement released on Monday, August 4, by the Ministry of Physical Planning and Urban Development, the affected estates were listed as operating without the […]
The Kano State Government has unveiled plans to transform the 115-year-old Kurmawa Maximum Security Prison into a museum, as part of efforts to preserve the state’s colonial and cultural legacy. The historic facility, which was built in 1910 by the British colonial government, is located within the ancient walls of the Kano Emir’s Palace. Originally […]
In a symbolic, yet strategic move, South Korea has begun dismantling propaganda loudspeakers along its border with North Korea in a bid to reduce tensions and revive long-stalled diplomatic engagement. The initiative comes under the directive of President Lee Jae-myung, who has made de-escalation and inter-Korean reconciliation a hallmark of his administration since taking […]
