February 2024
US city, Boston announces March 2 ‘Burna Boy’s Day’
Boston, Massachusetts, USA, has declared March 2 to be “Burna Boy Day.” in honour of Grammy-winning singer. This was made known in a letter signed by Ruthzee Louijeune, the city councilor. The document states that Burna Boy was honoured in recognition of his “performances and advocacy works”. It recored that Burna Boy has been “challenging […]
Tinubu inaugurates Lagos Redline Rail system
President Bola Tinubu, on Thursday, inaugurated the 37 kilometres Red Line rail system, Lagos. Tinubu arrived the venue, Ikeja Train Station, at exactly, 12.10pm for the official commissioning. The train is the first phase of the project, which will run from Agbado in Ogun State to Oyingbo in the heart of Lagos. The train, when […]
BREAKING: South-East nominee rejects Tinubu’s appointment
A nominee for the position of member of the Central Bank of Nigeria Board of Directors, Urum Kalu Eke, has rejected President Bola Tinubu’s appointment. According to Eke, he was currently engaged in the World Bank. His rejection notice was announced during the Thursday plenary when the Senate began the process for the confirmation of […]
House constitutes 23-man committee on Oronsaye report
The House of Representatives on Thursday constituted a 23 man committee to study the proposed restructuring of Federal Government agencies in line with the Stephen Oronsaye report. President Bola Ahmed Tinubu had ordered the full implementation of the report, which recommended streamlining government agencies, scraping of some agencies and merging those with similar mandate. Announcing […]
BREAKING: Kano Gov’t Stops Turbaning Of Emir’s Brother As District Head
The Kano State government has directed the Bichi Emirate Council to suspend the turbaning ceremony of Salisu Ado Bayero as a district head in the Emirate. A letter addressed to the secretary of Bichi Emirate Council and signed by the permanent secretary in the Ministry of Local Government Affairs, Ibrahim Kabara, on behalf of the […]
Naira gains at parallel market, trades at N1,500/$
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$ recorded on Monday. Currency traders, known as bureau de change (BDC) operators, quoted the buying rate at N1,450 and the selling price at […]
Just In: Ghana passes anti-gay law
Ghana’s parliament has passed a new bill opposing the rights of LGBTQ+ persons. The “Promotion of proper human sexual rights and Ghanaian family values bill” was introduced by Sam George, MP for Ningo-Prampram, who has been vocal in the call for the crackdown on LGBTQ+ activities in the country. Gay sex was already punishable by […]
Just In: NLC Suspends Protest, Extends Ultimatum To FG
The Nigeria Labour Congress (NLC), on Tuesday night, suspended its two-day protest all over the country. The Labour, in a communique at the end of its National Executive Council meeting, said the objectives of the protest were achieved on the first day of the demonstration. “Consequently, NEC-in-session resolved as follows: to suspend street action for […]
CBN directs BDCs to buy forex at N1,301 per dollar, sell at 1% profit
The Central Bank of Nigeria has announced plans to sell forex to bureau de change operators at N1,301 per dollar. The decision, which aimed to enable the sale of foreign exchange to BDC operators to meet the retail demand for eligible invisible transactions, was contained in a statement signed by Hassan Mahmud, a director at […]
CBN raises interest rate by 400 basis points to 22.75% to tackle inflation
On Tuesday, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR) by 400 basis points to 22.75 per cent from 18.75 per cent. CBN governor Yemi Cardoso, who chairs the MPC, announced the committee’s decisions on Tuesday after the meeting. Mr Cardoso said the asymmetric corridor […]