Author: Akintayo Adams

The Naira remained unchanged, at the close of trading, at the official and parallel markets. The occurrence, a rare one was confirmed on the Nigerian Autonomous Foreign Exchange Market (NAFEX) window when the naira closed on Tuesday at ₦1,339.33/$1, the same as Monday’s closing rate. Naira maintained the feat, remaining unchanged at the parallel market by closing at ₦1520/$. However, the volume of transactions also saw a major rise, with daily turnover jumping by 81.58 percent to $328.32 million on Tuesday, up from $180.80 million on Monday. Additionally, the highest spot rate noted on Tuesday was ₦1,506, while the lowest…

The People’s Democratic Party, Nigeria’s main opposition party has bemoaned Nigeria’s fate under President Bola Ahmed Tinubu. The party described the past year under Tinubu as the most challenging in Nigeria’s history since the civil war. This was contained in a statement by its National Publicity, Debo Ologunagba. “It is apparent that inflicting pain and misery on Nigerians remains the policy thrust of successive APC administrations which became heightened by the not well thought-out twin anti-people policies of removal of fuel subsidy and the floating of the Naira without due consideration for the citizens’ welfare and security,” it stated. “As…

Members of the House of Representatives, Federal Republic of Nigeria on the platform of Labour Party (LP) have berated the administration of President Bola Ahmed Tinubu after a year in office. The team, led by Hon. Afam Victor Ogene described the past 365 days as a period of economic hardship, insecurity, and hopelessness. According to them, it renders the Renewed Hope mantra a mere phrase. The caucus stated, “After last year’s glitch-determined presidential election, and the legal gymnastics which ratified the indolent behaviour of the electoral umpire, our caucus had taken a backseat, in the patriotic hope that, maybe, just…

South Africa’s 27 million registered voters are now aiming to choose a new parliament, which will then select a president. For the first time since democracy began in 1994, the African National Congress might lose its clear majority and could have to form a coalition. “South Africa’s general election is a watershed moment in the political history of the country,” said Aleix Montana, an analyst at risk intelligence company Verisk Maplecroft. Under the leadership of the late Nelson Mandela, the ANC won freedom for black South Africans after decades of apartheid. It then helped establish a robust democracy and lifted…

The Trade Union Congress (TUC), one-half of the Organized Labour has berated the Bola Tinubu-led administration for its nonchalant attitude towards finding a solution to the minimum wage debacle. The Union was speaking through its President, Festus Osifo, who appeared as a guest on Channels Television’s Politics Today. Osifo vowed to order nationwide demonstrations if the negotiations go on without a solution. “The government must be very serious in addressing the issue of a new minimum wage,” he said. Discussions over a new minimum wage for Nigerian Workers have going on for months, resulting in the Organized Labour issuing a May…

The Federal Government announced that it had restored a suspended social welfare program. It revealed that the program would give direct payments to 75 million Nigerians in 50 million households to alleviate the hardships faced by citizens, particularly those in vulnerable groups. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this announcement during the ministerial sectoral briefing in Abuja, marking the first year of President Bola Tinubu’s administration. Edun said, “I am duty-bound to give you an overview of the strategy, policies, and implementation of Mr President’s reform programme. Immediately upon assuming office, Mr President…

Today, May 29, 2024, Nigeria celebrates 25 years of uninterrupted democracy. As we all know, this milestone wouldn’t have been possible without the events of the past. Let’s take a moment to revisit the key occurrences that paved the way for Nigeria’s Fourth Republic. Nigeria started its long-awaited journey toward Democratic Governance on June 8, 1998. This shift didn’t come from a meeting or an announcement but through natural causes. The Military Head-of-State, Gen. Sani Abacha passed away. Abacha, the only Nigerian soldier to attain the full rank of General without skipping any rank, took over in 1990 and led…

The Presidency has refuted claims that President Bola Tinubu would address a joint session of the National Assembly on Wednesday. This was disclosed by Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, in a statement titled, “In commemoration of May 29 and the first Anniversary of the President Tinubu Administration.” The statement read, “In furtherance of his commitment to delivering good governance, President Bola Tinubu has inaugurated strategic projects across the country. “President Tinubu’s administration will inaugurate more transformative projects for the benefit of all Nigerians. “In view of public commentary concerning the President delivering…

The National Drug Law Enforcement Agency (NDLEA) has apprehended a cocaine cartel led by a couple, Bolanle Lookman Dauda and Olayinka Dauda, in Lagos and Ogun states. The pair were arrested with the assistance of the US Drug Enforcement Administration (DEA) on May 25, 2024, at Ibiye along the Lagos-Badagry expressway, as they attempted to cross the border to deliver the drugs to Ghana. According to NDLEA’s Director of Media and Advocacy, Femi Babafemi, the couple was found with 42 blocks of cocaine weighing 47.5 kilograms. A subsequent raid on their home in Agbara, Ogun State, uncovered an additional eight…

On Tuesday, President Bola Tinubu met with former British Prime Minister Tony Blair at the State House in Abuja. The president welcomed Blair soon after returning to Abuja from a four-day working trip to Lagos. Other senior government officials present with President Tinubu to greet Blair included the President’s Chief of Staff, Hon Femi Gbajabiamila; Foreign Affairs Minister, Ambassador Yusuf Tuggar; Information and National Orientation Minister, Mohammed Idris; and the President’s Special Adviser on Policy Coordination, Hadiza Bala Usman. The meeting, held at the State House, took place behind closed doors, and the details are not yet known. Get instant…