Author: Akintayo Adams

The Nigerian naira experienced its first appreciation against the US dollar on Friday, March 14, 2025, breaking a week-long depreciation streak in the official foreign exchange market. Key Details: This development offers a glimmer of hope for the naira’s stability amidst ongoing economic pressures. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Dangote Refinery has announced a reduction in its ex-depot price for Premium Motor Spirit (PMS) to ₦815 per litre. This adjustment follows a decrease in the landing cost of fuel to ₦774.82 per litre, which is lower than the refinery’s previous ex-depot price of ₦825 per litre. Key Details: This marks the third price adjustment by Dangote Refinery in 2025, reflecting the dynamic nature of the fuel market in Nigeria. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The United States has expelled South Africa’s ambassador, Ebrahim Rasool, following remarks critical of former President Donald Trump. The announcement was made by US Secretary of State Marco Rubio on Friday, March 14, 2025. “South Africa’s Ambassador to the United States is no longer welcome in our great country,” Rubio posted on X. Key Details: This development has further strained relations between the two nations, drawing international attention to the diplomatic fallout. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

United States Vice President JD Vance has announced that foreign students on student visas may face deportation if their presence is deemed not to align with the country’s best interests. This statement was made during an interview aired on Thursday, March 13, 2025. Key Details: This announcement has sparked debates about immigration policies and their implications for international students in the US. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Nigerian President Bola Ahmed Tinubu has shed light on the reasoning behind his administration’s economic reforms, emphasizing that the primary goal is to safeguard the interests of future generations and prevent national bankruptcy. A statement by spokesman, Bayo Onanuga, said the president spoke on Thursday at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West. “We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we…

Lagos State has achieved a significant milestone, being ranked as Africa’s second-largest city, following Cairo, Egypt. This recognition highlights Lagos’ growing economic and demographic influence on the continent. Key Details: This achievement underscores Lagos’ resilience and its role as a key driver of Nigeria’s economic progress. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Nigerian naira has continued its downward trend against the US dollar across both official and parallel foreign exchange markets as of Wednesday, March 12, 2025. This marks the third consecutive day of depreciation this week. Key Details: This ongoing depreciation highlights the challenges facing Nigeria’s foreign exchange market and its broader economic implications. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Nigerian House of Representatives has adopted four tax reform bills, maintaining the current Value Added Tax (VAT) rate at 7.5%. This decision was made during a plenary session on Thursday, March 13, 2025, following a clause-by-clause consideration of the bills. Key Details: This development is seen as a significant step in Nigeria’s tax reform efforts, aiming to streamline revenue collection and enhance fiscal policies.

NASA has announced the dismissal of its chief scientist, Katherine Calvin, along with other key personnel, as part of a restructuring effort mandated by the Trump administration. The announcement was made on Tuesday, March 11, 2025, and marks a significant shift in the agency’s focus. Key Details: Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Rivers State Governor, Siminalayi Fubara, faced a dramatic situation on Wednesday, March 12, 2025, as he was denied entry into the Rivers State House of Assembly quarters in Port Harcourt. This incident is another chapter in the ongoing political tensions in the state. Key Details: Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel. Video Credit – Channels Television