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Nigeria’s sweeping foreign exchange reforms have yet to align the local currency with economic reality. The International Monetary Fund states that the naira trades roughly 25.6 percent below its fair value. According to the Washington-based lender, its Real Effective Exchange Rate model shows that the currency remains heavily undervalued despite recent gains. This persistent gap…
Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
Armed men have launched a deadly assault on the National Institute for Policy and Strategic Studies in Plateau State. The attackers stormed the elite facility in Kuru near Jos late on Monday night. Three security operatives lost their lives whilst defending the nation’s foremost policy centre. This bold raid on a highly guarded federal establishment…
Nigeria’s informal currency market has delivered another sobering reality check to monetary authorities. The naira depreciated to N1,400 per dollar in the parallel market on Monday. This drop from N1,390 over the weekend signals persistent liquidity pressures outside official banking channels. Retail buyers continue to flock to street dealers for quicker access to hard currency….
The presidential candidate of the Social Democratic Party, Adewole Adebayo, has criticised the Senate’s refusal to investigate military spending despite escalating insecurity, insisting that accountability in defence expenditure must not be traded away under the cover of protecting troop morale. Speaking with journalists in Abuja on Monday, Adebayo questioned the value Nigerians have received from…
The Joint Admissions and Matriculation Board has released the results of the 2026 Unified Tertiary Matriculation Examination mop-up exercise, clearing the way for the ranking of candidates and the start of the admission cycle for tertiary institutions nationwide. The Board’s Public Communication Advisor, Fabian Benjamin, disclosed in a statement on Tuesday that candidates who…
Fresh doubts have been cast over the report that recommended the six-month suspension of Senator Natasha Akpoti-Uduaghan, with Senator Adams Oshiomhole alleging that the signatures of at least three senators were forged or improperly attached to the document. Oshiomhole, who represents Edo North Senatorial District, made the allegation on Monday during an interview on…
The vast and rugged expanse of the Old Oyo National Park has emerged as the central obstacle frustrating efforts to free more than 45 pupils and teachers seized from three schools in Oriire Local Government Area, one month after gunmen stormed their classrooms. Governor Seyi Makinde, in his Newsletter No. 140 released on Friday,…
\ The Sultan of Sokoto and President General of the Nigerian Supreme Council for Islamic Affairs, Alhaji Sa’ad Abubakar, has declared Tuesday, June 16, as the first day of Muharram 1448 AH, marking the beginning of the new Islamic year across Nigeria. The declaration followed nationwide moon sighting on Monday, June 15, as confirmed in…
The National Industrial Court sitting in Abuja has ordered the Federal Government and the Registrar of Trade Unions to register the National Association of Non-Teaching Staff of Nigerian Universities as a trade union under the Trade Unions Act. Justice Osatohanmwen Obaseki-Osaghae delivered the judgment in suit number NICN/ABJ/345/2023, filed by the association through Comrade…
