Neusroom

Nigeria’s FX Reserves plunge by $359.81 Million in one week

Nigeria’s foreign exchange (FX) reserves have seen a significant decline, dropping by $359.81 million within…

Nigeria’s Headline Inflation Falls by 0.52% in April 2025 After Rebase
Nigeria’s Inflation Rate Rises Marginally to 34.80% in December 2024

The National Bureau of Statistics (NBS) has reported a marginal increase in Nigeria’s headline inflation…

Nigerian Visionary Adebayo Ogunlesi Joins OpenAI's Board of Directors
Renowned Nigerian Investment Banker Adebayo Ogunlesi Appointed to OpenAI’s Board of Directors

OpenAI, owners of ChatGPT, have announced Nigerian-born Adebayo Ogunlesi as one of its new Board…

'Nigeria Needs to Solve Power Issues to Harness AI' - Okonjo-Iweala
‘Nigeria Needs to Solve Power Issues to Harness AI’ – Okonjo-Iweala

The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has emphasised that Nigeria…

Yoon Becomes First-Ever Sitting South Korean President to Be Arrested
Yoon Becomes First-Ever Sitting South Korean President to Be Arrested

Embattled President of South Korea, Yoon Suk Yeol, who was impeached by the Parliament on…

CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity
CBN Fines Fidelity, First Bank, Seven Others N1.35bn for ATM Cash Scarcity

The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks (DMBs) a total…

Labour Strike
Nigerian Senate confirms nominees for North-West, South-East Development Commissions

The Nigerian Senate has confirmed the establishment of North West and South East Development Commissions.…

Benin’s plan for $750m bond sale in jeopardy amid rising yields

Benin’s opportunity to issue $750 million in bonds is shrinking as yields approach levels that…

Mudashiru Obasa
APC Chieftain Calls Obasa’s Impeachment Necessary to Curb Excesses

Fouad Oki, a prominent figure within the All Progressives Congress (APC), has defended the impeachment…

Death Toll Rises to 53,486 as Fresh Israeli Strikes Kill 44 in Gaza
Israel-Gaza War on Verge of Ceasefire Deal as Biden’s Term Nears End

With days remaining in Joe Biden’s presidency, a breakthrough in the Israel-Gaza war appears imminent…

‘12-Day War’ Is Over: Trump Announces Ceasefire Agreement Between Israel and Iran
Economic and ‘selfish’ reasons Trump is eyeing Greenland for U.S. expansion

In the lead-up to Donald Trump’s inauguration as the 47th President of the United States,…

Court Grants ₦10m Bail to Naomi Silekunola and Oriyomi Hamzat in Ibadan Stampede Case

The Oyo State High Court has granted bail to Naomi Silekunola, the ex-wife of the…

SBM Intelligence Unveils 2024 Africa Country Instability Risk Index (Aciri)
SBM Intelligence Unveils 2024 Africa Country Instability Risk Index (Aciri)

SBM Intelligence, a leading research and risk consultancy firm in Nigeria, is pleased to announce…

President Tinubu Signs ₦70K Minimum Wage Bill into Law
SERAP Takes Legal Action Against Tinubu and Governors Over Alleged Abuse of Cybercrimes Law

The Socio-Economic Rights and Accountability Project (SERAP) has filed a landmark lawsuit against President Bola…

12 Boko Haram/ISWAP Suspects Nabbed in Osun to Face Extended Detention Order

A Federal High Court in Abuja has granted the Department of State Services (DSS) the…

Why You Must Stop Diezani From Using My Name, Ex-Husband Tells Court
FG Secures $52.88 Million in Recovered Assets Linked to Diezani

The Nigerian government has officially received $52.88 million in recovered assets, linked to former Petroleum…

Major Global Banks to Slash 200,000 Jobs as AI Revolutionizes the Industry
Major Global Banks to Slash 200,000 Jobs as AI Revolutionizes the Industry

Global banks are set to eliminate as many as 200,000 jobs over the next three…

Why We Used Leg Cuffs on Dismissed Officer Makinde – Nigerian Police
Police Officer Detained Over Naira Abuse in Viral Video Involving Okoya Sons

A police officer seen in a viral video involving Wahab and Raheem Okoya, sons of…