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The United States Government says Nigeria lacks the macroeconomic framework to address its challenges of foreign exchange instability. The US Deputy Secretary of Treasury, Wally Adeyemo, disclosed this recently at a forum with business leaders in Lagos. He landed in Nigeria on Sunday as part of the President Joe Biden administration’s commitment to deepening the […]
The Federal Government of Nigeria has disclosed plans to construct two expansive super-highways via a Public Private Partnership (PPP) initiative. The Minister of Works, Dave Umahi, revealed this strategic move during a press briefing with State House Correspondents in Abuja, following a crucial meeting with President Bola Tinubu according to reports from NAN. The proposed […]
The United Kingdom’s government has recently declared a rise in the fees associated with student and tourist visas. In a statement on Friday, the UK’s Home Office said “the changes mean that the cost for a visit visa for less than six months is rising by £15 to £115, while the fee for applying for […]
The National Bureau of Statistics (NBS) on Thursday said Nigeria’s inflation rate rose to 20.52 per cent in August 2022. The significant increase reflects the impact of the removal of petrol subsidies and the devaluation of the official exchange rate on consumer prices. Month-on-month inflation rose to 3.18% in the review month from 2.89% recorded […]
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to refrain from using profits generated through the revaluation of the naira for dividend payouts or operational funding. CBN said a review of the foreign exchange (FX) regime change showed the banks are in a position to profit from the […]
The United Arab Emirates (UAE) has lifted the visa ban placed on Nigerian travellers after almost one year. This development comes in the wake of a groundbreaking accord reached between President Bola Tinubu and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday, as reported in a statement by Ajuri […]
A Royal Navy warship, HMS Trent, on Sunday arrived in Lagos, Nigeria. This is Trent’s second visit to Nigeria, as part of its regional mission to aid allies and partners in driving down illegal activities including piracy and illicit trafficking. According to a statement from the British High Commission, the visit would help deliver capacity […]
President Bola Tinubu has effectively secured an impressive commitment of $3 billion in investment from Indian entrepreneurs, aimed at revitalizing the steel industry within the nation. This is according to a statement by Mr Abdullahi Haruna, Special Assistant, Media and Publicity to Minister of Steel Development, Prince Shauib Audu, in Abuja on Wednesday. The president […]
The Presidential Election Petitions Tribunal sitting in Abuja has dismissed the case brought by the Allied Peoples Movement (APM), alleging that Vice-President Kashim Shettima of the All Progressives Congress (APC) had been nominated twice in the 2023 general elections. Chairman of the panel, Justice Haruna Tsammani, who read the ruling, upheld preliminary objections that all […]
The Presidential Election Tribunal in Abuja will deliver judgment on petitions challenging the election of President Bola Tinubu on Wednesday, September 6. According to Channels Television, the Court of Appeal Registrar Umar Bangari confirmed this on Monday, saying the proceedings will be open to live broadcast by interested television stations. The Labour Party (LP), the […]
