The official exchange rate between the naira and the US dollar closed 2024 at N1,535/$, marking a 40.9% depreciation compared to the 2023 year-end rate of N907.11/$, according to data from the Central Bank of Nigeria. This significant slump occurred despite the introduction of several CBN policies aimed at fostering market transparency and attracting foreign…
Kano State Governor Abba Yusuf has rejected President Bola Tinubu’s proposed tax reforms, describing them as harmful to the welfare of Nigerians and the unity of the country. Speaking through Deputy Governor Aminu Gwarzo during the 2025 New Year celebrations at the Filin Mahaha, Kofar Naisa open theatre, Yusuf reiterated his administration’s opposition to the…
Police are investigating an explosion involving a Tesla Cybertruck filled with fuel canisters and firework mortars that occurred outside the Trump Hotel in Las Vegas, Nevada in the United States. The blast resulted in the death of the driver and left seven others with minor injuries, according to police. The individuals involved have not been…
President Bola Tinubu on Wednesday reaffirmed his administration’s resolve to confront those who seek to enslave Nigeria and its citizens. During a visit from Vice President Kashim Shettima, National Assembly leaders, and former principal officers at his residence in Ikoyi, Lagos, Tinubu emphasized that Nigeria would not be enslaved. “The enslavers want us to be…
The organized labour movement in Nigeria has called for a shift in the approach to minimum wage adjustments, advocating for annual reviews tied to inflation rates. Trade Union Congress, President Festus Osifo announced the demand on Wednesday, arguing that waiting three to five years for wage increments no longer aligns with the economic realities faced…
Three people sustained varying injuries late Tuesday night in a multi-vehicle collision involving a trailer, a Toyota Camry, and a Lexus car on the Lagos-Badagry Expressway. The accident, which occurred at around 11:36 p.m. near the Agbo-Malu axis of Age-Mowo, was confirmed by Mr. William Manga, Unit Commander of the Federal Road Safety Corps, during…
Fellow Nigerians, As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health. As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which…
Less than 24 hours after the Australian government advised its citizens to reconsider travelling to Nigeria due to security concerns, the Federal Government, through the Ministry of Foreign Affairs has issued a travel advisory for Nigerians planning to visit Australia, urging them to exercise caution due to a rise in reported incidents of harassment and…
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has shared his prophecies for the year 2025. The revered cleric made the revelations during the church’s annual crossover service held at the Redemption Camp along the Ibadan Expressway. Pastor Adeboye described 2025 as a “landmark year” with significant events and spiritual…
The Nigerian Electricity Regulatory Commission has unveiled stricter penalties for electricity distribution companies that fail to meet key performance benchmarks, including off-taking at least 95% of their monthly energy allocations and maintaining high customer service standards. The new enforcement measures, outlined in an addendum to the Performance Monitoring Framework for DisCos, are designed to enhance…
