Author: Oluwaseyi Amosun
The ongoing trade war involving the United States, China, and other major economies has fuelled economic uncertainty, leading to significant foreign exchange (forex) outflows from Nigeria. In response, the Central Bank of Nigeria (CBN) intervened by injecting $500 million into the forex market. However, the naira continued to depreciate, falling to N1,600 per dollar in […]
The ongoing price war between the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Petroleum Refinery has led to a continuous decline in Premium Motor Spirit (PMS) prices, forcing oil marketers to slash their fuel purchases to minimise losses. The pricing battle began in November 2024 when Dangote Refinery reduced the price of gasoline from […]
Rwanda has officially severed diplomatic relations with Belgium, giving Belgian diplomats 48 hours to leave the country. The decision follows Belgium’s recent move to freeze aid and suspend trade agreements over Rwanda’s alleged involvement in the conflict in the Democratic Republic of Congo (DRC). In a statement, Rwanda’s foreign affairs ministry accused Belgium of persistent […]
Thirteen decades after establishing itself in Nigeria, First Bank of Nigeria Limited, under the leadership of FirstHoldCo Chairman Femi Otedola, is making another bold move. The bank is relocating its corporate headquarters from Marina, Nigeria’s declining financial hub, to Eko Atlantic City—an emerging elite financial district—further cementing its industry dominance. Founded in 1894, before Nigeria […]
Former Vice President Atiku Abubakar, Amnesty International Nigeria, and human rights lawyers have condemned alleged threats directed at a National Youth Service Corps (NYSC) member, Ushie Uguamaye, following her viral video criticizing President Bola Tinubu’s administration over rising economic hardship. Uguamaye, popularly known as #talktoraye on TikTok, gained attention after posting a video expressing dissatisfaction […]
Former Lagos State governorship candidate of the Peoples Democratic Party (PDP), Dr. Abdul-Azeez Adediran, popularly known as Jandor, has officially defected to the All Progressives Congress (APC). Jandor announced his decision on Monday during a press conference at his office in Ikeja, Lagos, weeks after resigning from the Peoples Democratic Party, PDP. He cited […]
Amnesty International stated on Sunday that the Federal Government must cease threatening individuals and groups who criticize the current administration. “The Nigerian authorities must stop responding with violence and intimidation towards those who express dissenting opinions—completely disregarding the Nigerian constitution and international law. Holding and voicing differing views is not a crime,” the organization said […]
In an effort to create a peaceful environment for the upcoming peace talks, Angolan President João Lourenço, who is currently chair of the African Union, has called for an immediate ceasefire in the ongoing conflict in the eastern Democratic Republic of the Congo (DRC). According to a statement from the Angolan presidency, the ceasefire must […]
The administration of U.S. President Donald Trump is considering a new travel ban that could impact citizens from dozens of countries to varying extents, as reported by the New York Times on Friday. According to anonymous officials, the draft list includes 43 countries that are categorized into three different levels of travel restrictions. The red […]