Naira Continues Depreciation Against Dollar, Records Highest Decline Weekly
The Nigerian naira continued depreciation on Friday at the foreign exchange market to end the week on a negative note. According to the Central Bank of Nigeria’s exchange rate data, the Naira fell to N1,517.24 on Friday from N1,512.30 exchanged on Thursday. On a day-to-day basis, this showed that the
Dangote Refinery Suffers As Nigeria’s Petrol Import Jumps 105% To N15.4tn
Nigeria’s cost of importing premium motor spirit and other petroleum products soared to N15.4 trillion in 2024 from N7.5 trillion despite the commencement and restart of local refineries in 2024. This is according to the National Bureau of Statistics combined foreign trade data for 2024. The petrol imports dominated foreign trade
El-Rufai Dumps APC, Joins SDP
Former Governor of Kaduna State, Nasir El-Rufai has formerly resigned from the ruling All Progressives Congress, APC, and joined the Social Democratic Party, SDP. “Today, the 10th of March 2025, I have submitted a letter resigning my membership of the APC to my ward in Kaduna, effective immediately. “Subsequent to
Best Platforms For Content Monetization In Nigeria
“Content is king, but monetization is queen.” Content creators in Nigeria are increasingly looking for ways to turn their passion into income. Whether you’re a blogger, YouTuber, podcaster, or social media influencer, the key to long-term success lies in finding the right platform to monetize your content. Nigeria has a
Amber Rose – I Date Younger Men For Fun
Famous American model, Amber Rose, has spoken about her romantic relationship with younger men. During a conversation with Shannon Sharpe on the Club Shay Shay podcast, Amber Rose explained that her entanglements with younger men were just for fun, emphasising that she wouldn’t be serious with them. She noted how
Doyin Okupe Is Dead
Former presidential aide, Dr. Doyin Okupe is reportedly dead. The prominent Nigerian politician passed away at the age of 72. It was gathered that Dr. Okupe died on Friday morning after battling a protracted illness suspected to be cancer. Okupe was in 2022 appointed as the Director-General of the Labour
Actress Chika Ike Welcomes Baby Girl
Nollywood actress Chika Ike has welcomed her first child with a mystery partner. The movie star announced the arrival of her child on Instagram on Thursday. One of the pictures she shared with her had the inscription ‘Princess’ on the background gave away the gender of the child. She captured
Naira Records Highest Depreciation Against Dollar Across Official, Black Markets
The Nigerian naira recorded the highest depreciation against the dollar across official and parallel foreign exchange markets on Wednesday. This comes as the Central Bank of Nigeria’s exchange rate data showed that the Naira fell to N1,500.8 per dollar on Wednesday from N1,498.98 traded on Tuesday. The development means that
Senate Suspends Senator Natasha Over Sexual Harassment Allegation Without Pay
The Nigerian Senate on Thursday suspended Senator Natasha Akpoti-Uduaghan for six months over an allegation of sexual harassment against the Senate President, Godswill Obot Akpabio. The suspension followed a report by the Chairman of the Senate Committee on Ethics, Privileges, and Public Petitions, submitted to the Committee of the Whole,
The Rise of Social Commerce in Africa: How to Tap into It
“The future of e-commerce in Africa is social. Brands that fail to adapt will be left behind.” Introduction E-commerce is growing in Africa, but not in the way traditional markets expect. Instead of shopping on dedicated online stores, many Africans buy and sell through social media platforms like Facebook, WhatsApp,
