The 19 Northern governors will hold an emergency meeting on November 29 in Kaduna as widespread school abductions and bandit attacks continue to force lockdowns across several states. Their decision followed Monday’s meeting of the South-West Governors’ Forum in Ibadan, where the governors renewed calls for the establishment of state police and urged the Federal …
Nigeria’s foreign-exchange market daily turnover has reached $500 million, while spreads between official and parallel markets have narrowed to less than 2%. The CBN Governor, Olayemi Cardoso disclosed this during the 303rd Monetary Policy Committee (MPC) meeting, the final MPC session for 2025 held in Abuja. CBN Governor Olayemi Cardoso revealed that Twelve months ago, …
Oil prices climbed on Wednesday after sliding to a one-month low in the previous session, though an expected supply glut and a potential Russia-Ukraine peace deal capped gains. Brent crude futures rose 27 cents, or 0.43%, to $62.75 a barrel at 0412 GMT, while U.S. West Texas Intermediate crude futures gained 24 cents, or 0.41%, …
Bitcoin is currently testing a price level that could make or break the entire bull market, $88,000, the 100-week simple moving average that once stood as unbreakable resistance in 2022 before flipping to support and igniting the 2023 rally from $16,000 to $126,000. After a sharp 26% drop from $109,000 driven by liquidity fears and …
The Senate on Tuesday suspended plenary to honour the late Senator Okechukwu Ezea of the Labour Party (LP), representing Enugu North Senatorial District, who passed away on Tuesday, November 18. Following prayers, approval of votes and proceedings, announcements, and petitions in the order paper, the Senate Leader, Opeyemi Bamidele (APC, Ekiti Central), moved a motion …
The Federal High Court in Abuja on Tuesday adjourned indefinitely the trial of former Anambra State Governor Willie Obiano over alleged misappropriation of ₦4 billion. The adjournment followed an application by the Economic and Financial Crimes Commission (EFCC), the prosecuting agency, requesting that the matter be adjourned sine die (without a fixed date). When the …
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday submitted a proposed budget of ₦4.237 trillion for the 2026 fiscal year to the Lagos State House of Assembly for consideration and approval. The presentation follows the signing of the ₦3.366 trillion 2025 Appropriation Bill, themed “Budget of Sustainability,” into law on January 9, 2025. That budget had …
Ebonyi State Governor Francis Nwifuru on Tuesday presented a proposed budget of ₦884,868,327,429.95 for the 2026 fiscal year to the State House of Assembly. The proposed budget allocates ₦135,376,004,846.72 for recurrent expenditure, while capital expenditure is set at ₦749,492,322,583.22. Governor Nwifuru noted that the 2026 budget represents a 64.88 per cent increase over the current …
Tanzania has cancelled its Independence Day celebrations scheduled for December 9 following mounting calls for nationwide protests over mass killings linked to last month’s disputed general elections. Prime Minister Mwigulu Nchemba announced the decision on Monday, saying funds earmarked for the national event would be redirected to repairing infrastructure damaged during the post-election unrest. The …
Former Vice President Atiku Abubakar has formally joined the African Democratic Congress (ADC), a party adopted by a broad opposition coalition in July 2025 to challenge the ruling All Progressives Congress (APC) in the 2027 general elections. Atiku confirmed his new political base on Monday via his X handle, posting a photograph of himself holding …
