The Nigeria’s Naira flipflops in the foreign exchange market, has been described as a bold economic step that has provided competitive leverage for the country in the global economic competition. Since the assumption of Office of President Bola Tinubu, the Naira has been devalued by more than 70 percent. It fell from 460 to the
Over the weekend, at a dynamic youth-led event in Ovwian, Delta Central, Mr. Kelvin Ogboru, Senior Special Assistant on Special Duties to the Governor, Sheriff Oborevwori, warned political opponents of his boss to jettison the dream of taking over his job. Speaking to journalists, he reiterated that the governor’s “impressive” performance has earned him the
BENIN CITY — The leading opposition political Party in Edo State, the Peoples Democratic Party (PDP), announced yesterday that it has evaluated Governor Monday Okpebholo’s administration over the past three months and has issued a vote of no confidence on him. PDP claimed that the Governor has been insufficiently responsive to the overwhelming economic hardships
The Nigerian National Petroleum Company Limited (NNPCL) has reacted to the recent reports circulating on the social media regarding it’s alleged unilateral termination of the crude oil sales agreement in Naira between it and the Dangote Refinery .Clarifying the situation in a statement on Monday, the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, said the
The Lagos State Government has officially taken control of the state’s electricity market, following the official transfer of regulatory power from the Nigerian Electricity Regulatory Commission (NERC) to the Lagos State Electricity Regulatory Commission (LASERC). The shift is in alignment with the Electricity Act 2023 and recent constitutional amendments that empower states to regulate their
London, UK – A recent study has highlighted how the COVID-19 pandemic intensified social and economic inequalities across Britain, disproportionately affecting the most vulnerable communities. The research, conducted by leading public health and economic experts, underscores the long-term structural challenges that the crisis exposed. Disproportionate Impact on Low-Income Communities The study found that low-income households,
ABUJA — President Bola Tinubu reiterated yesterday that the removal of the fuel subsidy is a measure to safeguard the future of unborn generations. Speaking at the inauguration of the National Youth Congress Planning Committee at the Council Chambers, Presidential Villa, Abuja, Tinubu emphasized his administration’s dedication to youth empowerment and the creation of a
Nigerian table tennis star Quadri Aruna has been drawn against World No. 2 and Chinese player, Wang Chuqin, in round 32 of the WTT Champions Chongqing 2025 in China, KIIN MEDIA Sport reports. Aruna and Chuqin will face off on Wednesday in one of the first-round games of the $800,000 prize money tournament, which marks the season’s
The Nigerian Economic Summit Group (NESG) has identified some negative impact on Nigerian Businesses in the year 2025, such as persistent power shortages, unclear economic policies, Limited foreign exchange availability. The NESG-Stanbic IBTC Business Confidence Monitor (BCM) recorded a rise in the Current Business Index to +11.50, up from +5.69 in January 2025, showcasing a
Drug prices have remained high as the federal government’s plan to introduce zero tariffs on pharmaceutical products drags.In June 2024, President Bola Ahmed Tinubu signed an executive order aimed at eliminating tariffs, excise duties, and value- added tax (VAT) on specialised machinery, equipment and raw materials for pharmaceuticals. The goal was to stimulate local production
