Naira Gains Rapidly Against Dollar As Sellers Struggle To Find Buyers

The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at N1,535/$1 on Friday, December 6, 2024. This marks a significant milestone, as the naira strengthens further following three consecutive days of appreciation since the Central Bank of Nigeria (CBN) introduced the Enhanced Foreign Exchange Market…

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BREAKING: Tinubu Returns To Abuja After Cutting Short Vacation In Paris

GISTSMATE MEDIA reports President Bola Tinubu has returned to Abuja from Paris after concluding his vacation. The president arrived at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, on Tuesday evening. He was received by Senate President Godswill Akpabio, Chief of Staff Femi Gbajabiamila, and Nasarawa State Governor Abdullahi Sule, among other top…

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FLASH: Opposition Governors From Bayelsa, Rivers, 3 Other States Soon To Join APC

The ruling All Progressives Congress has boasted of wooing at least five more governors to its camp amid a wave of defections by opposition bigwigs, federal lawmakers, and endorsements for President Bola Tinubu’s re-election.” The move comes in the wake of Friday’s resignation of the immediate past National Chairman of the APC, Dr Abdullahi Ganduje….

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FLASH: Tinubu Orders Regulatory Watch, Monitoring Of Digital Currencies

President Bola Tinubu has directed financial and capital market authorities to monitor the increasing use of stablecoins and digital currencies in Nigeria, cautioning that the shift away from traditional banking systems presents emerging challenges that must be proactively managed. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of…

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PDP Names Makinde, 3 Other Governors As Potential 2027 Presidential Candidates 

The Peoples Democratic Party (PDP) claims to have identified several of its governors as potential presidential candidates for the 2027 general election. Debo Ologunagba, the party’s national publicity secretary, told reporters in Abuja on Wednesday that the PDP has a roster of “capable and performing governors” who could challenge the All Progressives Congress (APC). He…

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