The naira recorded a significant drop on Wednesday, November 19, at the official foreign exchange market despite a surge in Nigeria’s foreign reserves in recent times. The Central Bank of Nigeria’s exchange rate data indicated that the naira depreciated to ₦1,454.19 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, against the ₦1,447.43 …
The Federation Account Allocation Committee (FAAC) stated that it has allocated N2.094 trillion to the three tiers of government as the Federation Allocation for October. It was disclosed at its November 2025 meeting, chaired by the Accountant-General of the Federation, Shamsudeen Ogunjimi, according to a statement signed by the Director of Information and Public Relations …
Mamadou Kwidjim Toure, founder of Ubuntu Tribe and named one of Forbes’ Top 10 Most Influential Men in Africa, will speak at Cryptofest South Africa on how blockchain and artificial intelligence (AI) can foster inclusive growth, transparency, and sustainable prosperity across the continent. Ubuntu Tribe’s recently released Gold for All Report suggests that tokenized gold …
The Nigeria Hydrological Services Agency (NiHSA) has warned that groundwater in parts of Lagos, Kebbi, and Kogi States now contains dangerous levels of toxic substances. The agency said continued use of the water could lead to serious health problems. Director-General of NiHSA, Umar Ibrahim Mohammed, gave the warning in Abuja while presenting the latest Water …
China imported no soybeans from the United States for the second consecutive month in October, even as its overall soybean imports rose to a monthly record driven by massive purchases from South America. Data released Thursday by the General Administration of Customs showed U.S. soybean imports dropped to zero, compared to 541,434 metric tons in …
The Lagos State Domestic and Sexual Violence Agency (DSVA) has revealed a dramatic increase in the number of men reporting gender-based violence, with cases rising to nearly 8,000 in 2025, up from about 300 in previous years. The figures were disclosed by the agency’s Head of Community Services, Damilare Adewusi, during the 2025 International Men’s …
BlackRock’s iShares Bitcoin Trust (IBIT) ETF hit a record $523 million in client outflows on November 18, 2025—the biggest single-day sell-off since launch, contributing to over $3 billion total ETF redemptions this month. BlackRock’s IBIT, the world’s largest spot Bitcoin ETF with $72.76 billion in assets, saw clients yank $523.15 million on November 18th, 2025, …
For eight consecutive days, the Crypto Fear & Greed Index has remained frozen at 15, marking the longest streak in the danger zone since the FTX collapse in November 2022. November 2025 has been brutal. Bitcoin is down 30% from its all-time high, Ethereum sliced nearly in half from its peak, and altcoins bleeding 40–70%. …
The Administrator of the National Judicial Institute (NJI), Hon. Justice B.A. Adejumo (OFR) has reaffirmed the Institute’s commitment to strengthening ethical standards, improving professionalism, deepening technology-driven learning, and enhancing the skills required by judges in today’s rapidly evolving legal landscape. Justice Adejumo spoke at the opening of the 2025 All Nigeria Judges’ Conference, held at …
Amid efforts to close the metering gap in Nigeria, new data has shown that over 68 per cent of electricity consumers bypass the use of prepaid meters. This indicates a systemic crisis in the Nigerian electricity supply industry as it reveals not just a revenue issue, but a symptom of deep-seated problems within the power …
