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Vice President Kashim Shettima says the naira would have appreciated to ₦1,000 in “weeks” if the Central Bank of Nigeria (CBN) had not intervened in the foreign exchange (FX) market on Monday to ensure market stability. He confirmed that the Central Bank of Nigeria had to intervene on Monday by mopping up excess dollars to stabilize the Naira.Accor Shettima said …

The naira depreciated to N1,359/$ on Tuesday following the conclusion of the 304th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The currency closed weaker compared to N1,353.5/$ recorded on Monday, reflecting mild pressure in the official foreign exchange market after the policy announcement. The movement comes as investors digest the implications of the apex bank’s …

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has denied claims that former Kaduna State governor, Nasir El-Rufai, suffered a nosebleed while in its custody. The anti-graft agency was reacting to allegations made by El-Rufai’s spokesman, Muyiwa Adekeye, who claimed that the former governor experienced a health challenge in detention. ICPC spokesperson, Okor Odey, dismissed the allegation in …

I am profoundly grateful to Nigerians from around the world for your prayers, calls, and solidarity following the incident at the ADC office in Benin yesterday. I especially appreciate your support during this difficult time for the family of the distinguished elder and former Governor of Edo State, Chief John Oyegun, who has served Nigeria honourably in various capacities, as …

President Bola Ahmed Tinubu has said the naira will appreciate to N1000 per dollar in the coming weeks. The president disclosed this in his remarks at the Renewed Hope Ambassadors Summit in Abuja on Tuesday. He confirmed that the Central Bank of Nigeria had to intervene on Monday by mopping up excess dollars to stabilize the Naira. According to him, …

A Federal High Court in Abuja has fixed April 23 for the arraignment of former Governor of Kaduna State Nasir El-Rufai on allegation of cybercrime and breach of communication brought against him by the Department of the State Service (DSS). Justice Joyce Abdulmalik on Wednesday adjourned the matter after El Rufai failed to appear in court. Counsel for the DSS, …

The Federal High Court sitting in Maitama, Abuja, on Wednesday refused to entertain the bail application filed by former Kaduna State governor, Nasir El-Rufai, describing the request as premature and adjourning the matter until April 23, 2026. The ruling was delivered by Justice Joyce Obehi Abdulmalik. A lawyer who witnessed the proceedings disclosed that the court declined to allow El-Rufai’s …

No fewer than 29 senior police officers are likely to be retired following the appointment of Tunji Disu as an Acting Inspector-General of Police, Daily Trust has learnt. It was gathered that the officers to exit the Force include 8 Deputy Inspectors-General of Police (DIGs) and 21 Assistant Inspectors-General of Police (AIGs) who got promoted before Disu became AIG. In …

As political activities gradually gather momentum ahead of the 2027 general elections, the African Democratic Congress, ADC, is facing a tough time. The ADC, once touted by some political observers as a potential rallying platform for disenchanted blocs, is grappling with internal and external headwinds. From electoral disappointment and arrests, the road to 2027 appears increasingly steep. FCT election setbacks …

Tension gripped Benin City, Edo State,, as 2023 Presidential Candidate of the Labour Party, LP, Mr Peter Obi, former Governor of Edo State, John Odigie-Oyegun, and other leaders of the African Democratic Congress, ADC, escaped attacks from gunmen. Few minutes after leaders of the ADC, including Peter Obi received former president of the Nigerian Bar Association, NBA, and the LP …