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Nigeria’s net foreign exchange reserves have surged to approximately forty billion dollars as ongoing monetary reforms begin to yield fruits. Central Bank Governor Olayemi Cardoso announced the milestone at the BusinessDay CEO Forum in Lagos. The dramatic recovery marks a massive rebound from the critically low three billion dollars recorded at the start of his…
Nearly four in five Nigerians remain trapped in poverty or vulnerable to falling into it despite almost three years of aggressive economic reforms. The World Bank revealed the grim reality in its newly approved Country Partnership Framework for Nigeria, which spans 2026 to 2032. The document indicates that while President Bola Tinubu’s painful policy shifts…
The Federation Account Allocation Committee distributed an unprecedented 2.550 trillion Naira to Nigeria’s three tiers of government following a substantial surge in tax and oil receipts. The distribution represents a 10.9 per cent increase from the 2.300 trillion Naira shared in the preceding month. This fiscal windfall provides a temporary cushion for cash-strapped state governors…
The African Democratic Congress has accused President Bola Tinubu and the ruling party leadership of keeping former Kaduna State Governor Nasir El-Rufai in custody out of raw political terror. The opposition party claims that Abuja is using state anti-graft and security apparatuses to paralyze the influential northern politician ahead of the 2027 general elections. The…
Nigeria is merging its national identity database with a new digital address network to repair its broken public verification system. The National Identity Management Commission and the Nigerian Postal Service have launched a joint initiative to link the National Identification Number with a national digital postcode system. The integration will allow individuals to verify their…
The leader of the opposition National Democratic Coalition, Peter Obi, has called on President Bola Tinubu to drop his re-election ambitions and retire. Speaking during a widely broadcast interview, the former Anambra State governor argued that the president lacks the physical capacity and operational stamina required to steer the country out of its economic and…
Islamist insurgents have launched a coordinated assault against state infrastructure in Borno State, exposing the persistent fragility of Nigeria’s northeastern security borders. Heavily armed Boko Haram fighters swarmed a frontline military installation before setting a nearby police divisional headquarters on fire. The raid directly challenges federal declarations that the decade-long insurgency has entered its terminal…
Two high-ranking Boko Haram commanders have surrendered to the Nigerian Army in Yobe State following sustained operational pressure in the North-East. Security officials confirmed that the insurgent leaders abandoned their forest hideouts to turn themselves over to frontline troops. The identities of the operatives remain withheld while military intelligence personnel conduct preliminary debriefings. This high-profile…
The Kano State chapter of the African Democratic Congress has rejected a declaration by its national leadership purporting to dissolve the state executive committee. Musa Ungogo, the state chairman, dismissed the announcement as an unconstitutional manoeuvre lacking structural backing. This sudden friction exposes deep structural fractures within the minority opposition party as regional leaders fight…
A former Secretary to the Benue State Government, Professor David Salifu, has died after sustaining severe gunshot wounds during a highway ambush by suspected bandits. The academic and politician succumbed to his injuries early Friday morning at the Benue State University Teaching Hospital in Makurdi. The attack occurred on Thursday along the notorious Wukari-Zaki Biam…
