General

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

Kingsley Obiora, the deputy governor of the Central Bank of Nigeria, says the policies being implemented by President Bola Tinubu may double the country’s economic growth from 3 percent next year. Obiora spoke on Monday in an interview with Bloomberg. In his inaugural speech on May 29, President Bola Tinubu set a target to […]

Sunil Bharti Mittal, chairman of Bharti Airtel Worldwide, has hailed the decision of President Bola Tinubu to eliminate multiple foreign exchange (FX) rates. During his inaugural speech on May 29, Tinubu said he would work towards a unified exchange rate. Two weeks after the speech, the Central Bank of Nigeria (CBN) announced […]

Three witnesses who served as presiding officers for the Independent National Electoral Commission (INEC) during the February 25 polls say only the results of the presidential poll failed to upload into the commission’s result viewing portal (IREV). The witnesses on Monday, appeared before the presidential election petition tribunal in Abuja. Led in […]

The federal government has resumed negotiations with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on measures to alleviate the impacts of the removal of the petrol subsidy on Nigerians. On June 5, the labour unions suspended their planned strike to protest the removal of petrol subsidy after a meeting […]