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Nigeria’s foreign exchange market opened the week on a mixed note as the naira strengthened marginally in the parallel market but weakened at the official window, highlighting persistent liquidity pressures and uneven supply dynamics. Latest figures show the naira appreciated to N1,387 per dollar in the parallel market, improving slightly from N1,389 per dollar…
Fresh court filings by the Federal Government have brought into focus an alleged network accused of plotting to destabilise Nigeria’s constitutional order, with six individuals set to face a 13-count charge bordering on treason, terrorism, and financial crimes. The defendants—retired Major General Mohammed Gana, retired Naval Captain Erasmus Victor, Inspector Ahmed Ibrahim, Zekeri Umoru,…
Nigeria’s electoral body has initiated legal action over a viral social media controversy, confirming plans to track and arrest individuals behind a fake account falsely linked to its chairman, Joash Ojo Amupitan. The Independent National Electoral Commission said its decision follows a detailed forensic and cybersecurity investigation which found no evidence connecting the chairman…
Fresh developments have emerged in the legal dispute involving former Minister of Innovation, Science and Technology, Uche Nnaji, as parties in the case have opted to pursue an out-of-court settlement. Proceedings before the Federal High Court in Abuja, presided over by Justice Hauwa Yilwa, were stalled on Monday after counsel to Nnaji informed the court…
AFC Bournemouth have confirmed the appointment of Marco Rose as their new head coach on a three-year contract, with the German set to take over from Andoni Iraola at the end of the current season. The decision, announced in a statement published on the club’s official website on Monday, concludes weeks of speculation surrounding…
Nigeria’s anti-corruption landscape has come under fresh scrutiny following the circulation of a viral video alleging a ₦50 billion bribery scandal, a claim firmly rejected by the Independent Corrupt Practices and Other Related Offences Commission. The commission, in an official statement released on Monday, described the video as entirely false, stressing that it neither…
The Central Bank of Nigeria (CBN) is implementing significant reforms to the Bank Verification Number (BVN) system, effective May 1, 2026. These measures aim to curb rising fraud and secure digital financial channels. Customers must adapt to stricter protocols regarding device usage, identity verification, and account management. The apex bank is prioritising system integrity over…
Inspector-General of Police Olatunji Disu has authorised the immediate restructuring of the Police Monitoring Unit. This initiative serves to tighten internal discipline and sharpen operational effectiveness across all police commands and formations. The move aligns with the broader reform agenda of the force, placing a renewed emphasis on intelligence-led inspections and real-time oversight. Professionalism and…
The Bank of Industry (BOI) and the Raw Materials Research and Development Council (RMRDC) have signed a memorandum of understanding to overhaul Nigeria’s agricultural value chain. This partnership seeks to bridge the gap between research and commercial production. Both institutions intend to convert raw agricultural commodities into finished goods for domestic use and export. They…
Nigeria’s maritime sector faces an existential threat as neighbouring ports in the Benin Republic and Togo attract an increasing share of regional trade. A new policy advisory from the Sea Empowerment & Research Center (SEREC) warns that persistent operational rot is driving cargo away from Nigerian shores. While customs revenue grew by 12 to 18…
