Why We Floated The Naira – Cardoso

The Governor, Central Bank of Nigeria, CBN, Mr Olayemi Cardoso, has said that the apex bank under him took the bold step of floating the Naira in the foreign exchange market in order to bring the official exchange rate closer to market reality. About three CBN Governors before Cardoso had toyed with the floatation option…

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Sheikh Gumi Reveals Role in Negotiations with Bandits Alongside Police, Government Officials

Prominent Islamic cleric, Sheikh Ahmad Gumi, recently opened up about his role in mediating with bandits and addressing the increasing insecurity in Northern Nigeria. In an interview, he shared his experiences negotiating with bandits and offered insights on how to handle the persistent issue of banditry and terrorism ravaging the region. Rising Banditry: The Root…

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SERAP Appeals to Tinubu: Withhold Allocations from States Failing to Conduct Credible Elections

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to suspend federal allocations to states that have not conducted credible local government elections. On October 5, local elections took place in several states, including Rivers, Benue, Akwa Ibom, and Jigawa. However, many other states have yet to hold such elections while still…

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Nigeria Evacuates Over 500 Citizens From Lebanon

The Ministry of Foreign Affairs has said that over 500 Nigerian citizens have registered with the Nigerian mission in Lebanon for evacuation back to the country.⁣ Ambassador Eche Abu-Obe, the ministry’s spokesperson, disclosed this in Abuja on Sunday.⁣ He said approximately 2,000 Nigerian citizens reside in Lebanon, although most have not expressed willingness to return…

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Fubara Swears In Newly Elected LG Bosses

Governor Siminalayi Fubara has sworn in 23 newly elected local government chairmen in Rivers State. The exercise held at the Executive Council Chambers of the Government House in Port Harcourt, the state capital, on Sunday, comes a day after the Rivers State Independent National Electoral Commission (RSIEC) conducted an election at the grassroots. The event…

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