As Nigeria grapples with persistent economic challenges, citizens across the country are expressing frustration over the toll these issues are taking on their daily lives. Rising inflation, high unemployment rates, and the removal of petrol subsidies have compounded financial hardships, leaving many struggling to make ends meet. For many Nigerians, the skyrocketing cost of living
President Bola Ahmed Tinubu’s administration has witnessed a surge in political defections, with analysts suggesting that this trend is solidifying his grip on power ahead of the 2027 elections. The ruling All Progressives Congress (APC) has been the primary beneficiary of these defections, as key figures from opposition parties continue to switch allegiance to the
The Central Bank of Nigeria (CBN) has attributed the decline in the country’s foreign exchange reserves by $2.57 billion in the first quarter of 2025 to the financial strain of servicing foreign debts. This decrease represents a 6.29% drop from January to March 2025, with reserves falling from $40.88 billion to $38.31 billion over the
In a grand ceremony held at Oliveth Baptist High School in Oyo, Oba Abimbola Owoade was formally crowned the 46th Alaafin of Oyo. This significant event marked the beginning of a new era for the ancient city and the Yoruba kingdom, following the passing of the 45th Alaafin, Oba Lamidi Adeyemi III, in April 2022.
The World Bank has issued a statement clarifying that the $10.5 million allocated to the Central Bank of Nigeria (CBN) is a grant, not a loan. This clarification comes after initial reports suggested that Nigeria had approached the World Bank for a loan to enhance the CBN’s technical capacity and modernize the country’s domestic payment
The call to shut down the Department of State Services (DSS) is a contentious issue that has been raised in the context of Nigeria’s ongoing security challenges and perceived inefficiencies within the country’s security apparatus. The argument for dismantling the DSS stems from criticisms of its effectiveness and the broader security architecture in Nigeria. Reasons
In a significant development that has raised eyebrows across Nigeria’s political landscape, a delegation of suspended lawmakers known for their allegiance to former Rivers State Governor and current Federal Minister of the Federal Capital Territory, Nyesom Wike, has departed for the United Kingdom on what sources describe as a “legislative exchange programme.” The controversial foreign
Political tensions have emerged within ruling party circles as influential North Central stakeholders have reportedly called on President Bola Ahmed Tinubu to consider a new running mate for the 2027 presidential election, suggesting Vice President Kashim Shettima be replaced with a candidate from their geopolitical zone. The development, which signals early political realignments ahead of
The Nigerian Diaspora Network UK organized an ambitious investment summit yesterday at the prestigious Royal Institute of International Affairs in London, bringing together business leaders, government officials, and diaspora professionals determined to reshape Nigeria’s economic landscape.The high-profile gathering, themed “Bridging Worlds: Diaspora Investment as Catalyst for Nigerian Economic Renaissance,” attracted over 300 participants, including potential
The Federal Government of Nigeria is currently vetting a list of nominees for diplomatic positions in its extensive network of missions abroad. Among those being screened are prominent figures such as Femi Fani-Kayode, a former Minister of Aviation under the Obasanjo administration, and Femi Pedro, a former Deputy Governor of Lagos State. This process is
