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.
The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.
At a national security discussion, President Tinubu emphasized the critical role of local governments in enhancing national security and governance, advocating for legislative reforms to empower local authorities.
Former President Obasanjo criticizes President Tinubu's handling of key economic policies, including subsidy removal and naira management, urging a long-term strategic roadmap.
Protests have erupted in Kano following the reinstatement of Muhammad Sanusi II as Emir, leading to widespread unrest and clashes with security forces.
The Nigerian Federal Ministry of Education has announced new tenure limits for Provosts at Federal Colleges of Education. A single, non-renewable five-year term is established to ensure leadership stability and clear succession plans.
Benue State introduces stringent regulations, including a curfew on public events and a ban on urban farming, to address rising criminal activities and enhance public safety.
The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.
The Nigerian government announced significant progress in its national vaccination program and healthcare infrastructure development. Health Minister Prof. Ali Pate, during a ministerial briefing, highlighted achievements in vaccinating children against diphtheria, measles, and cervical cancer.
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.
Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.
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.