Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa’s most populous nation. Financial blogger Feyi Fawehinmi looks at how it will affect people’s lives. 1. Petrol prices will … read more
Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have threatened to shut down operations and activities in the nation’s oil and gas industry if some employers in the industry do not … read more
Nigerian President Muhammadu Buhari arrived back in the capital Abuja on Sunday after a twelve-day stay in Britain where he had treatment for an ear infection and a holiday. Buhari exited his plane waving to ministers and army chiefs who … read more
Nigeria’s naira is expected to lose around a third of its value when market trading begins on Monday, bringing to an end the central bank’s much-criticised fixed exchange rate system. The naira has been pegged at 197 to the U.S. … read more
Three militant groups, Reformed Egbesu Boys, Egbesu Water Lions and Egbesu Mythier Fraternity, have disowned the Avengers and Movement for the Emancipation of the Niger-Delta, MEND, which raised a negotiation team to dialogue with the federal government. The General Officer … read more
Four-time Grammy Award winning American singer, India Arie has confirmed she’ll be in Lagos, Nigeria this June for a concert. It’ll be the first time the 41-year-old singer and actress will be in Lagos, or indeed West Africa as a … read more
In furtherance of efforts to curtail the incidence of road accidents and ensure effective service delivery, the Lagos State government yesterday announced plans to regulate the operations of all driving schools in the State. General Manager of the Lagos State … read more
Many students studying abroad have been seeking transfer to Nigerian universities to complete their education at home because of the scarcity of foreign exchange. Saturday PUNCH gathered that the students were forced to take the decision following the huge exchange … read more
A Nigerian lawmaker is accusing the US Embassy of defamation following its complaint that he and another colleague tried to hire sex workers while on a State Department exchange programme in Ohio. Mark Gbillah said on Friday the allegation was … read more
A Chinese man, Sunk Kun, has reportedly been arrested for trying to kill his Nigerian business partner in Lagos. According to YNaija, following an undisclosed disagreement, Kun had allegedly hired and paid N1.4 million to an assassin to kill his … read more