Deutsche Bank AG has added Nigeria to its frontier foreign exchange monitor, a sign of growing investor interest in the naira as the bank expects the currency to strengthen further against the US dollar. By: Tunji Okunlola The German lender regards the naira as undervalued and attractive to carry-trade investors, who seek to profit from…
By: Tunji Okunlola On 1 October 2025, Nigeria’s 65th Independence anniversary, President Bola Tinubu reopened the National Arts Theatre in Iganmu, Lagos. Nearly 50 years after it hosted FESTAC ‘77, the 23,000-square-metre complex, now called the Wole Soyinka Centre for Culture and the Creative Arts, is back in use after a four-year, N68 billion restoration…
The Presidency has rejected Oyo State Governor Seyi Makinde’s claim that the Federal Government is withholding ₦250 billion in Nigeria LNG (NLNG) dividends for each state. It called the claim false and urged the public to disregard it. By: Tunji Okunlola In a statement dated 18 October 2026, signed by Bayo Onanuga, Special Adviser to…
By: Ganiyu Olayinka Retired Supreme Court Justice Amina Adamu Augie has warned that corruption among judges, lawyers and court officials is eroding public confidence in Nigeria’s judiciary, turning courts from institutions of impartiality into what she described as “market stalls.” Augie spoke in Abuja on Saturday, October 17, 2026, during the 40th anniversary celebration of…
By: Ganiyu Olayinka Dr Musa Iliyasu Kwankwaso, a chieftain of the All Progressives Congress (APC), has said Northern Nigeria’s political understanding with President Bola Tinubu ahead of the 2027 elections is “sacrosanct” and “non-negotiable,” and that the region will repay the administration’s development projects with large numbers of votes. He spoke on the sidelines of…
By: Ganiyu Olayinka The European Union’s Ambassador to Nigeria and ECOWAS, Gautier Mignot, has said Nigeria probably has the largest number of people living below the poverty threshold of any country in the world. He called poverty one of the country’s biggest challenges. Mignot spoke in Abuja over the weekend at the 2026 International Day…
World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iweala has linked the 2012 kidnapping of her mother to an investigation into an alleged $2.4 billion petrol subsidy fraud that she says she uncovered as Nigeria’s finance minister. By: Tunji Okunlola Her mother, Kamene Okonjo, was abducted from her home in Ogwashi-Uku, Delta State, in December 2012. In…
The Federal Ministry of Finance has pushed back against claims that the Federal Government’s interest payments reached 124 per cent of revenue in the first half of 2026. It called the conclusion misleading in a statement issued in Abuja on 18 October 2026. By: Tunji Okunlola The Ministry said the claim, which commentators drew from…
Former Ajax defender Frank de Boer has urged supporters to be patient with Nigerian striker Tolu Arokodare, saying the club should let him develop without heavy expectations. By: Yetty Aiyedogbon De Boer was reacting to the buzz around Arokodare at Ajax, where the forward has drawn attention since arriving. He said fans at the club…
Gunmen killed two police officers and injured three other people in an attack on the Uratta Police Station in Aba, Abia State, in the early hours of Saturday. The attackers set parts of the station and several vehicles on fire. By: Tunji Okunlola The attack reportedly began at about 2 a.m. and left the station…
