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The Nigerian naira maintained a stable trajectory against the United States dollar across both official and parallel foreign exchange markets this morning. Data from the Nigerian Foreign Exchange Market showed the local currency trading at an official rate of 1,372.84 naira per dollar. This figure represents a minor adjustment from the 1,372.64 naira recorded at…
President Bola Tinubu announced yesterday that the difficult period of his administration’s economic reforms has ended. In his Eid-el-Kabir message, the president declared that the nation has completed its walk through a dark tunnel. He claimed that three years of public sacrifice have stabilized the economy. The president now positions the country as a preferred…
The Federal High Court sitting in Abuja has ruled that former President Goodluck Jonathan is constitutionally eligible to contest the 2027 presidential election, dismissing a legal challenge that sought to bar him from seeking a return to the nation’s highest office. In a judgment delivered by Justice Peter Lifu, the court held that no legal…
The Independent National Electoral Commission (INEC) has formally challenged the Federal High Court judgment that nullified its revised timetable and schedule of activities for the 2027 general elections, filing both a notice of appeal and a motion for stay of execution. The notice of appeal, dated and filed on May 25, was lodged through…
Former Vice President Atiku Abubakar has dismissed the results of the All Progressives Congress (APC) presidential primary election, describing the 10.9 million votes credited to President Bola Tinubu as fabricated, even as he intensified his political comeback bid under a new platform. The APC, in results announced at the weekend, declared that Tinubu polled…
The Federal Government has lost access to $717.7m in undisbursed World Bank financing originally earmarked to rescue Nigeria’s troubled electricity sector, following a joint decision by both parties to terminate the Power Sector Recovery Performance Based Operation. According to restructuring documents obtained from the World Bank, the cancellation was triggered by a formal request…
The Joint Admissions and Matriculation Board has scheduled Saturday, June 13, 2026, for the conduct of the mop-up examination for the 2026 Unified Tertiary Matriculation Examination, in a move designed to close out one of the most logistically complex examination cycles in the country’s recent history. The announcement was made on Monday by the…
The United States has disbursed a total of $187,352,312 in foreign assistance to Nigeria in 2026, according to updated data published on the US Department of State website on May 20, 2026, under the “US Foreign Assistance” report. The latest figures position Nigeria as the second largest recipient of American assistance in sub-Saharan Africa…
Heavyweight sell offs in industrial and insurance counters pushed the Nigerian Exchange Limited deeper into negative territory last week, wiping billions of naira off investor portfolios and offsetting modest gains recorded across banking and oil equities, even as overall market turnover collapsed by nearly half. The benchmark NGX All Share Index closed the week…
Nigeria’s economy expanded by 3.89 per cent in real terms during the first quarter of the year, driven by a sharp rebound in agricultural output and sustained momentum in the services sector. Fresh data released on Monday by the National Bureau of Statistics shows a notable acceleration from the 3.13 per cent growth recorded during…
