Author: Akintayo Adams

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, stated that the country recorded a total foreign exchange inflow of approximately $24 billion in the first quarter of 2024. Cardoso disclosed during an interview with Bloomberg TV on Tuesday in London that Nigeria recorded a $24 billion foreign exchange inflow in Q1 2024, about 50% higher than in previous quarters up to 2021. He stated that excessive naira volatility is over, citing the positive impact of the CBN’s monetary policies on the forex market. He also noted that inflationary pressure, currently at 33.69%, has begun to decrease due…

Former Kaduna State Governor, Nasir El-Rufai, has filed a lawsuit against the Kaduna State House of Assembly. This is over their claim that his eight-year administration allegedly misappropriated ₦432 billion, leaving the state with significant debt liabilities. El-Rufai filed a fundamental rights suit at the Federal High Court in Kaduna against the State House of Assembly on Wednesday. The suit, submitted by the ex-governor’s lawyer Abdulhakeem Mustapha (SAN), contests the report of the Kaduna Assembly Committee that indicted El-Rufai for alleged corruption. In the suit, El-Rufai requested the court to declare the Assembly’s probe report null and void, arguing that…

Oleksandr Usyk has vacated his IBF title. This is coming just five weeks after becoming the first undisputed heavyweight boxing champion in nearly 25 years, Usyk defeated Tyson Fury on a split decision on 18 May to add the WBC title to his WBA, WBO and IBF collection. However, the Ukrainian has vacated his IBF belt, which may now be available for the winner of the anticipated bout between Anthony Joshua and Daniel Dubois. Dubois, the IBF’s mandatory challenger, is expected to face fellow Briton Joshua at Wembley Stadium on September 21. “Anthony and Daniel, I know the IBF title…

WikiLeaks founder Julian Assange has arrived back in his native Australia after striking a plea deal with a US court to allow him to walk free, bringing an end to a 14-year legal battle. He landed in Canberra on a six-hour flight from the island of Saipan, an American territory in the Pacific. The 52-year-old already served 62 months in jail but was freed after pleading guilty to one charge of conspiracy to obtain and disclose national defence information. This was after the US dropped 17 other espionage charges against him. Under the agreement, a judge sentenced him to time…

The death toll from protests in Kenya has soared to 13, an increase from the Five reported barely 24hrs ago, according to a disclosure made by an official from the main doctors’ association. “So far, we have at least 13 people killed, but this is not the final number,” Simon Kigondu, president of the Kenya Medical Association said. He said he had never seen “such level of violence against unarmed people.” At the Kenyatta National Hospital in Nairobi on Wednesday, an official said medics were treating “160 people… some of them with soft tissue injuries, some of them with bullet…

The Naira has failed to put a stop to its ongoing free fall against the US Dollar. FMDQ data showed that the naira weakened to ₦1,500.79 against the dollar on Tuesday from ₦1490 traded on Monday. This represents ₦10.79 loss against the dollar compared to the N1,490 traded the previous day. Meanwhile, at the parallel market, the naira maintained its rate of ₦1,505 against the dollar. The development comes as foreign exchange turnover transactions declined further to $136.75 million on Tuesday from $152.00 million the previous day. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

The Oyo State Government has announced that the job portal for public primary school teachers opened at 6 p.m. on Tuesday, June 25, 2024. Around 24hrs ago, it was reported that Sèyí Mákindé, Governor of Oyo State has approved the recruitment of 7,000 teachers to bolster the workforce of the state. The site address for the recruitment of 7,000 teachers and 100 caregivers is http://subeb.jobportal.oyostate.gov.ng. The application period will run from 25 June 2024 to 9 July 2024. The Chairman of the Oyo State Universal Basic Education Board (SUBEB), Dr. Nureni Aderemi Adeniran, made this known during a briefing at…

The Sokoto State House of Assembly has approved the Sokoto Emirate Council Amendment Bill in its first and second readings. If enacted, the bill will remove the Sultan of Sokoto, Alhaji Sa’ad Abubakar III’s authority to appoint kingmakers and district heads without government approval, among other changes. This development follows concerns raised by the Muslim Rights Concern (MURIC) about an alleged plan by the Sokoto State Governor, Ahmed Aliyu, to depose the Sultan of Sokoto. On Monday, MURIC’s Executive Director, Prof. Isiaq Akintola, voiced alarm over this possible action, which comes amid controversy and tension after the removal of several…

The Federal High Court in Lagos has prohibited Ikeja Electric PLC and the Nigerian Electricity Regulatory Commission (NERC) from enforcing, using, or implementing the tariff outlined in the April 2024 Supplementary Order on Tariff Increase for ‘Bank A’ Feeders. In a ruling on Tuesday, the court stated that the tariff includes those released by Ikeja Electric on April 4, 2024, and/or the May 2024 Supplementary Order On Tariff Increase On “Band A” published on May 6, 2024, concerning Rida National Plastics Limited. Justice Chukwujeku Aneke issued the temporary ban after considering an application submitted by Rida National Plastics’ attorney Kemi…

Police in the Kenyan capital, Nairobi, have reportedly shot dead at least five people during huge protests against planned tax increases. The Kenya Medical Association disclosed the news. Reuters News Agency also reported counting the bodies of at least five protesters outside parliament. Earlier, the crowds broke through police cordons and entered parliament, setting part of the complex ablaze. Fire also broke out in Nairobi City Hall. Meanwhile, the BBC reported that about 40 people are being treated in hospital. “I’m outside the emergency unit at Kenyatta National Hospital in Nairobi. Ambulances are coming in with casualties – about four…