Ayomide Kuku

Naira Gains as Foreign Exchange Stabilizes

Naira Holds Steady as Liquidity Cushions Demand

The naira opened the second quarter with quiet resilience, trading at ₦1,385.27 against the dollar on Wednesday. This stability marks a departure from the frantic devaluations that once defined the Nigerian Foreign Exchange Market. Traders report a steady flow of greenbacks from autonomous sources, suggesting that private supply is finally meeting local needs. The market…

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Lukashenko and Kim Forge "New Era" Alliance in Pyongyang

Lukashenko and Kim Forge “New Era” Alliance in Pyongyang

Belarusian President Alexander Lukashenko arrived in Pyongyang on Wednesday for his first official visit to North Korea, a move designed to formalise a burgeoning strategic axis. United by heavy Western sanctions and their mutual roles as primary enablers of Russia’s war in Ukraine, the two leaders are expected to sign a “treaty of friendship” and…

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AI-Enabled Scams Cost Nigerians N12.5bn

AI-Enabled Scams Cost Nigerians N12.5bn

Nigerians lost ₦12.5 billion to telecommunications fraud between 2019 and early 2023, according to a new report by PwC. This figure underscores the growing vulnerability of the country’s digital infrastructure as it becomes the primary gateway for financial services. Globally, the sector is reeling from losses exceeding $38.9 billion. The report warns that the rise…

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