Newspaper Headlines: Airfares soar as exchange rate hits N702/dollar
Reports on the removal of security chiefs and appointment of new ones by President Bola Tinubu, dominate the front pages of the dailies today. Source: Top Stories
Why do we still have multiple naira-dollar exchange rates?
As of Monday night, the Central Bank of Nigeria (CBN) was quoting 589.45 naira per dollar on its website. At about the same time, the Investors and Exporters (I&E) window, as reported by FMDQ, was quoting a closing price of N770 per dollar. Traders at the parallel market were selling the dollar for N757. […]
Enter Tinubu’s security team: Geographer, A1 all-rounder, mathematician — and the man who seized $8m cash
On Monday, President Bola Tinubu approved the immediate retirement of all service chiefs and the inspector-general of police, and announced their successors as well as heads of other key agencies in the security sector. The move is the latest as he consolidates his new government. Here is what you need to know […]
LP to tribunal: INEC is deliberately frustrating our case, withholding required documents
The Labour Party (LP) and its presidential candidate, Peter Obi, have again accused the Independent National Electoral Commission (INEC) of deliberately frustrating their case. Obi and LP are challenging the outcome of the election held on February 25 which produced Bola Tinubu as Nigeria’s president. At the court session on Monday, Jibrin […]
I&E window: $78m FX deals recorded as naira closes at 770/$
Nigeria’s legal tender, the naira, closed at N770 per dollar at the investors and exporters (I&E) window on Monday, beginning the week on a fragile front as the recent central bank reforms take effect on the market. The Monday closing rate, according to FMDQ Securities Exchange Limited, represents a 16.1 percent depreciation from […]
Tinubu dissolves boards of FG agencies, institutions, companies
President Bola Tinubu has dissolved governing boards of all federal government parastatals, agencies, institutions, and government-owned companies. A statement by Willie Bassey, director, information at the office of the secretary to the government of the federation (SGF), on Monday evening, said the chief executive officers of the affected agencies are directed to refer […]
EXTRA: Wike’s thanksgiving to God unacceptable — he must repent first, says Atiku’s aide
Phrank Shaibu, a media aide to former Vice President Atiku Abubakar, says a thanksgiving service by Nyesom Wike, immediate past governor of Rivers state, is not acceptable to God until he repents. On Sunday, a service was held at the St. Peters Anglican Church in Obio-Akpor LGA of Rivers where Wike thanked God […]
‘We’ll improve business environment’– Tinubu assures investors
President Bola Tinubu says his administration will provide a better environment for investments to thrive. Tinubu spoke on Monday during a meeting with Sunil Bharti Mittal, chairman of Bharti Airtel Worldwide at the Aso Rock Villa. In a statement signed by Deleke Alake, Tinubu’s aide on special duties, communication and strategy, the […]
Tinubu appoints Hadiza Bala Usman, Hannatu Musawa as special advisers
President Bola Tinubu has appointed Hadiza Bala Usman, former managing director of the Nigeria Port Authority as the special adviser on policy coordination. The president also appointed Hannatu Musa Musawa and Abdullahi Abubakar Gumel, as special adviser, culture and entertainment economy and senior special assistant, national assembly matters (Senate) respectively. Willie Bassey, […]
Ribadu upgraded to NSA, Lagbaja named army chief… Tinubu appoints new security chiefs
President Bola Tinubu has approved the immediate retirement of all service chiefs and the inspector-general of police. The president also approved the replacement of the comptroller-general of customs. According to a statement signed by Willie Bassey, director of information, office of the secretary to the government of the federation, the retirement of […]