IT is a truism that a country’s foreign policy is the reflection of its domestic circumstances. A country that faces huge economic, political and security crises at home would be foolhardy to prosecute a war abroad. Furthermore, a robust foreign policy depends on domestic support. Thus, it’s utterly reckless and …
Read More »Stock exchange pushes dollar asset listings for Nigeria’s FX challenges
By Peter Egwuatu Amidst the lingering crises in Nigeria’s foreign exchange market, the Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola, has stated that dollar asset listings can address the challenges. Commending the federal government’s forex reforms in an interview with Bloomberg yesterday, Popoola noted that the Exchange features a …
Read More »Alleged bribery: Ex-minister Diezani to appear in UK court October 2
Former Minister of Petroleum Resources, Diezani Alison-Madueke, will appear in court in the British capital on October 2 after being charged with bribery offences relating to her time in office, the UK National Crime Agency said on Tuesday. Recall that earlier this year, British authorities said they had provided evidence …
Read More »I’m grateful Fela didn’t exist in this era – Burna boy
Fela and Burna Boy Grammy-winning Nigerian artiste, Burna Boy has shared his thoughts on the enduring legacy of the iconic afrobeat pioneer, Fela Kuti. Speaking in a recent interview with Apple Music’s Zane Lowe in New York, Burna Boy expressed his belief that Fela’s impact might have faced a …
Read More »Airlines Losing $2m Monthly To Exchange Rate Volatility—-Operators
Airline Operators have said that with the depreciation of the naira and the high cost of aviation fuel, Nigerians should be paying over N250,000 to fly from Lagos to Abuja. The spokesperson of the Airline Operators of Nigeria, Prof Obiora Okonkwo, said this on Wednesday while speaking on the tasks …
Read More »Nigerians Fault Mode Of Distribution System Of Fuel Subsidy Palliatives
A lawyer, Barrister Michael Ike has said the ongoing palliatives to cushion the impact of the removal of fuel subsidy by the administration of President Bola Tinubu will not be different from the ‘abused’ palliatives during the Covid-19 pandemic. According to him, Covid-19 palliatives did not get to the real …
Read More »Emefiele Enters Plea Bargain To Avoid 5-Year Jail Over Alleged N6.9 Billion Fraud
The arraignment proceedings initiated by the federal government against the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, along with CBN staff member Sa’adatu Yaro and her company, April1616 Investment Limited, have once again hit a pause. Insider sources have told us that discussions are underway for a …
Read More »Knocks For PDP Over Wike’s Revelation Party Approved His Ministerial Appointment
Rivers Governor, Nyesom Wike The main opposition party, the Peoples Democratic Party (PDP), has come under fire following revelations by former Rivers State governor, Nyesom Wike, that the party’s leadership approved his inclusion in President Bola Tinubu’s government. Wike, a member of the PDP, was sworn in as the Minister …
Read More »Nobody Wants To Go To War In Niger, Head Of ECOWAS Mediation Delegation, Abdulsalami
Abdulsalami said this while addressing newsmen after his meeting with President Bola Tinubu at Aso Villa in Nigeria’s capital, Abuja. Former Nigerian Head of State, Abdulsalami Abubakar has stated that none of the parties involved in the present political crisis in Niger Republic is eager to go to war. Abdulsalami …
Read More »HEDA Writes Nigerian Petroleum Company, NNPCL, Seeks Clarity On $3Billion Emergency Loan To Stabilise Naira
According to HEDA, in a statement issued by its Chairman, Olanrewaju Suraju on Wednesday, the request pertains to the recent acquisition of a $3 billion emergency crude oil repayment loan. The Human and Environmental Development Agenda (HEDA Resource Centre), a non-profit organisation that seeks to champion transparency, accountability, and robust …
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