Tag Archives: Nigeria’s

Since Kenya’s William Ruto and Nigeria’s Bola Tinubu became presidents, they have faced similar criticism over their frequent trips abroad. The two men have been the subject of unflattering descriptions – the costs associated with their alleged penchant for air travel often contrasted with tough economic conditions at home. A …

A new report released by the National Bureau of Statistics (NBS) has revealed that Nigeria’s unemployment rate increased significantly in the third quarter of 2023, rising by 0.8% from Q2 2023.   According to NBS, the country’s unemployment rate rose sharply from the 4.2% recorded in Q2 2023 to 5.0% …

Many people think that the US dollar is the strongest currency in the world. The US dollar is the most traded in terms of margin, but not the strongest currency, according to a recent report by Legit.ng. The Kuwaiti Dinar emerged as the strongest currency in a survey conducted by …

Nigeria’s dollar bonds rallied after President Bola Tinubu scrapped the nation’s $10 billion fuel subsidy program and announced plans to adopt a uniform exchange rate. Debt due in 2047 jumped 3.3% to 66.750 cents on the dollar by 10:10 a.m. in London. Bonds due in 2049 gained 2.9% and those …

Nigeria’s Bola Ahmed Asiwaju Tinubu is set to sworn into office as the 16th president of Nigeria. This is ninety-two days after the February 25 presidential polls that saw him win the contest on the ticket of the ruling All Progressive Congress (APC). The Independent National Electoral Commission (INEC) declared …

African leaders have been advised by Nigeria’s major opposition Peoples Democratic Party (PDP) to abstain from the country’s impending inauguration ceremony, which will see President-elect Bola Ahmed Tinubu take the oath of office. Speaking exclusively to the Daily Statesman, the spokesperson for PDP Presidential candidate Atiku Abubakar, Otunba Segun Showunmi, …

African football legends, Michael Essien and Didier Drogba have commended Nigerian striker, Victor Osimhen for his role in Napoli’s Serie A title conquest. In separate social media publications, the two Chelsea legends eulogized Victor Osimhen for steering Napoli to their first Serie A title in over three decades. Michael Essien …

Nigerian music star Tiwa Savage has been billed to perform as part of the coronation of King Charles III. The coronation and subsequent official ascension of King Charles III on Saturday, May 6, 2023, comes after the passing of the British monarch’s mother Queen Elizabeth II. The historical event will …

The war against insurgents has continued to gather momentum since 2009 with the latest attacks leading to the death of 35 fighters of Boko Haram in Nigeria’s Northeast Borno State. At least 65,000 people have died in the war against terrorists with more than 2.1 million displaced and critical infrastructure …

Bola Ahmed Tinubu, the presidential candidate of Nigeria’s ruling All Progressives Congress (APC), has been declared the winner of the 2023 presidential election. Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), announced the results in the wee hours of Wednesday. Tinubu was in the race along with the …