Nigeria’s Net Reserve Hits $23bn, Highest In Over Three Years — CBN

Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A statement by the Central Bank of Nigeria (CBN), the increase marked an increase from $3.99…

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Atiku Blames Killings Across Nigeria On Tinubu’s ‘Failed Security Architecture’

Former Vice-President Atiku Abubakar says the failure of President Bola Tinubu’s security architecture has become deep-rooted and widespread. Abubakar spoke on Friday in response to the killings in Bokkos LGA of Plateau state. On Thursday, the Bokkos Cultural Development Council (BCDC) said suspected bandits killed over 10 people in the LGA on Wednesday night. The…

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Roxettes Group Mulls Relocating Plants From Southeast To Lagos Over Insecurity 

Roxettes Group is considering the relocation of its automotive plant, paint and chemical subsidiaries, and other operations from the Southeast to Lagos. Sources close to the company’s management confirmed this to Nairametrics on Saturday. The group’s subsidiaries include Roxettes Motors (automotive assembly), Roxettes Chemical Industries Ltd, and RoxyCarb (paint and raw materials), all currently based…

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Benin Republic Electoral Officials Visit INEC ‘To Learn From Nigeria’

A 12-member delegation from Benin Republic’s Autonomous National Electoral Commission (CENA) has visited the Independent National Electoral Commission (INEC) on a study tour. The delegation, led by Sacca Lafia, CENA president, included national commissioners, directors, and senior staff. They were received on Monday by Mahmood Yakubu, INEC chairman, alongside other commission members at INEC headquarters…

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Hon. Olufunke Comforter Adeniyi-Olajide Pens Heartfelt Birthday Appreciation Post To Well-Wishers

The Lawmaker representing Ibadan North Constituency 1 at the Oyo State House of Assembly, Hon. Dr. Olufunke Comforter Adeniyi-Olajide, has written a beautiful letter to appreciate distinguished dignitaries and Well-Wishers who thronged in their thousands to celebrate the birthday. The message read below: “A HUGE THANK YOU to everyone who made my birthday so special!…

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FLASH: Court Remands TikToker Arrested By DSS Over False Obituary Video Of President Tinubu

An Abuja Chief Magistrate Court on Friday ordered the remand of a social media influencer, Ghali Isma’il, at the Keffi Correctional Centre for publishing false claims that President Bola Tinubu had died following a serious illness. Mr Isma’il, who posted the claims via TikTok under the handle @bola_asiwaju, was arrested by operatives of the Department…

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JUST-IN: PDP Rejects Emergency Rule In Rivers, Says Tinubu Lacks Power To Suspend Elected Governor

The Peoples Democratic Party (PDP) has rejected a state of emergency declared by President Bola Tinubu in Rivers state. The opposition party says the president does not have the power to suspend Siminalayi Fubara, an elected governor. On Tuesday night, Tinubu declared a state of emergency in Rivers following the prolonged political crisis in the…

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