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Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

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D’banj Celebrates Two Decades in Music with a Free Street Concert

D'banj marks 20 years in the music industry with a free concert at the New Afrika Shrine, inviting fans to celebrate his journey.

Governors Reject Proposed ₦60,000 Minimum Wage

Nigerian governors reject a proposed increase in the minimum wage to ₦60,000 ($133), citing concerns about financial sustainability. Labor unions remain adamant about a significant hike, leaving the federal government to mediate a solution.

Court to Rule on Jurisdiction in Kano Emirate Crisis

The Federal High Court in Kano will rule on its jurisdiction in the ongoing Kano Emirate crisis on June 13, determining the future course of the legal battle over new emirates.

Atiku Calls for Probe Into Secret Fuel Subsidy Payments

Atiku Abubakar urges the National Assembly to investigate alleged secret fuel subsidy payments by President Bola Tinubu’s administration.

Nigerian Senate Presses Tinubu for Action on Worsening Banditry

Nigeria's Senate is urging President Bola Tinubu to take decisive action to address the escalating banditry crisis in the country's northwest region. Senators expressed deep concern over the continued violence, which has resulted in numerous deaths, kidnappings, and the displacement of entire communities.

FG Admits to ₦5.4 Trillion Oil Subsidy in 2024 After Countless Denials

Nigeria's government has admitted to spending ₦5.4 trillion on oil subsidies in 2024 after numerous denials, sparking debate on the sustainability of such subsidies and their economic impact.

Senate Approves 300% Salary Increase for Nigerian Judicial Officers

The Nigerian Senate approves a 300% salary increase for judicial officers, enhancing compensation to ensure judicial independence and integrity.

National Anthem Reintroduced with Standardized Lyrics

The NOA unveils the official lyrics of Nigeria's reintroduced national anthem, promoting national unity and cultural heritage.

Nigerian Senators Clash Over Bill to Ban Open Grazing

Nigerian senators are embroiled in a heated debate over a bill proposing a ban on open grazing and the establishment of cattle ranches. Proponents argue the bill is necessary to end deadly farmer-herder clashes, while opponents raise concerns about constitutionality and practicality.

Labor Unions Stand Firm on Rejecting Minimal Increases to Proposed N60,000

Nigerian labor unions stand firm against minimal increases to the proposed N60,000 minimum wage, demanding substantial adjustments.

CBN Confirms Stability in Banking Licenses Amid Recapitalization

The Central Bank of Nigeria reassures the public of the banking sector's stability, emphasizing that no additional banking licenses will be revoked as the industry undergoes strategic recapitalization to enhance economic resilience.

Oil Investors Face Bureaucratic Hurdles in Dollar-Starved Nigeria

Oil investors in Nigeria struggle with complex regulations and dollar shortages, hindering operations and raising concerns about future growth and stability.

Latest articles

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

Nigeria Pledges 25% Cut in Post-Harvest Losses for Food Security

Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.

Dangote Refinery Set to Take 400,000 Barrels of Nigerian Crude Per Day

Dangote Refinery is set to process 400,000 barrels of Nigerian crude oil per day, marking a significant step toward reducing the country’s dependence on imported refined fuel and improving energy security.