Naira slides to N707/$ at parallel market as FX scarcity persists
Nigerian naira, on Wednesday, weakened to N707 a dollar at the parallel section of the foreign exchange market. The figure represents N42 or 7.45 percent depreciation compared to the N658 it traded last week — further losing value against the dollar. Street traders who spoke to TheCable said the free fall resulted […]
‘He’s taking insecurity seriously’ — FG reacts to PDP senators’ threat to impeach Buhari
The federal government has reacted to the threat by senators on the platform of the Peoples Democratic Party (PDP) to impeach President Muhammadu Buhari. Earlier on Wednesday, the lawmakers had given the president six weeks to address insecurity or face impeachment proceedings. Speaking on the development after a meeting of the federal […]
Improve security in 6 weeks or face impeachment, PDP senators warn Buhari
Senators of the Peoples Democratic Party (PDP) have given President Muhammadu Buhari a six-week ultimatum to address insecurity or face impeachment proceedings. Philip Aduda, minority leader of the senate, spoke with reporters after the opposition lawmakers walked out of the red chamber during plenary on Wednesday. Senate President Ahmad Lawan had earlier […]
REWIND: What Bisi Akande wrote about Atiku, Tinubu, 2007 Muslim-Muslim ticket plot
Two of the leading presidential candidates — Bola Tinubu of the All Progressives Congress (APC) and Atiku Abubakar of the Peoples Democratic Party (PDP) — have been enmeshed in a public spat on Muslim-Muslim presidential ticket. Tinubu’s decision to choose a Muslim as his running mate was criticised by Atiku, who said the […]
What’s the worth of Obasanjo’s endorsement?
Former President Olusegun Obasanjo used to be a chimera. His influence was mythical, yet sweeping. In the past, Nigeria was too small to contain his stature — as he dominated the horizons across Africa and beyond. He lived up to his legend of being a human Orisa. He is, perhaps, still one of the most respected […]
Newspaper Headlines: ISWAP plotting to attack Abuja, Lagos, Kogi
The planned attacks on some parts of the country, especially the rising insecurity in the federal capital territory (FCT) dominated the cover pages of Nigerian newspapers. Source: Top Stories
‘We recorded 3 casualties’ — army speaks on attack on presidential guard troops
The Nigerian Army says it recorded three casualties when its troops from the guards brigade’s 7 battalion ran into an ambush by gunmen on Sunday. The battalion is a unit under the guards brigade, which is responsible for protecting the president. The soldiers were said to be on routine patrol along the […]
Reps consider bill to bar CBN governor from involvement in partisan politics
A bill seeking to bar the governor of the Central Bank of Nigeria (CBN) from getting involved in partisan politics has passed second reading at the house of representatives. The proposed legislation also seeks to prohibit the deputy governor and directors of the CBN from participating in partisan politics while in office. […]
Deputy speaker: DSS shared 44 intelligence reports before Kuje prison attack
Idris Wase, deputy speaker of the house of representatives, says the Department of State Services (DSS) shared 44 intelligence reports before the attack on the correctional facility in Kuje. Wase spoke on the floor of the green chamber during the plenary on Tuesday. He made the remarks while speaking on a motion […]
IMF retains Nigeria’s 2022 growth prospect at 3.4%
The International Monetary Fund (IMF) has retained projected economic growth of 3.4 percent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 titled, “Gloomy and More Uncertain”. At its last economic outlook released in April, IMF had estimated that Nigeria’s economy […]