‘Last time FX rate was stable was a decade ago’ — Wale Edun speaks on the economy
Wale Edun, minister of finance and coordinating minister of the economy, says the last time the foreign exchange (FX) rate was stable, and interest rates were affordable, was a decade ago. Edun spoke about the state of the economy at a press briefing in Abuja on Friday. He said a weak, depreciating […]
EXCLUSIVE: P&ID agents lobby presidency to halt litigation, target $500m commission
Despite the positive mood in Nigeria’s legal team that the country will succeed in its challenge against the arbitral award to Process and Industrial Developments (P&ID), a trio of influential Nigerians are mounting pressure on the presidency to settle out of court, TheCable understands. A former governorship candidate in Kwara state and two […]
Court dismisses suit seeking to reinstate Ayu as PDP national chairman
A Benue state high court in Gboko has dismissed a suit seeking to set aside the suspension of Iyorchia Ayu as a member of the Peoples Democratic Party (PDP). Delivering a ruling on Thursday, D.M Igyuse, the presiding judge, described the suit as an abuse of the court process. The case was […]
Newspaper Headlines: FG, states, LGAs share N4.37trn in six months, says NEITI
Reports on the suspension of the Nigeria Air Project, and fear of coups in Africa, dominate the front pages of Nigerian newspapers. Source: Top Stories