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Naira Appreciates to ₦1,560 per Dollar in Parallel Market Amid Renewed Forex Inflows

The Nigerian naira has recorded a modest gain in the parallel market, appreciating to ₦1,560 per US dollar, up from the previous rate of ₦1,565. The strengthening of the currency comes amid improved dollar liquidity and a gradual reduction in foreign exchange demand pressures, especially from importers and informal traders. Currency traders in major markets […]

Article News

Niger State Drags FG to Supreme Court Over Exclusion from 13% Derivation Fund

The Niger State Government has filed a suit at the Supreme Court against the Federal Government of Nigeria, challenging its exclusion from the 13% derivation fund despite hosting four major hydroelectric dams that contribute significantly to national electricity production. In the suit, the state names the Attorney-General of the Federation and Minister of Justice as […]

News Politics

My Relationship with Atiku Won’t Stop Me from Criticising Him, Says Dino Melaye

Former senator and 2023 Kogi State governorship candidate, Dino Melaye, has stated that his close personal ties with former Vice President Atiku Abubakar will not deter him from speaking truth to power or voicing his criticisms when necessary.   Melaye made this known in response to questions about his loyalty and political alignment with Atiku, […]