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Nigeria’s local currency, the naira, has joined the ranks of the world’s worst-performing currencies, according to a Bloomberg report. The naira’s poor performance is mirrored by other African currencies, including the Zambian kwacha and the Angolan kwanza, with five African currencies in the bottom 10. The report cited economic challenges, volatile commodity prices, inflationary pressures and a lack of dollar …

President Bola Tinubu has reiterated his commitment to delivering tangible results and making a positive impact on Nigeria’s infrastructure, food and energy security, education and long-term economic stability. In a meeting with the Former National Assembly Speakers Forum, led by former Senate President Ken Nnamani on Friday, Tinubu stressed that he was not driven by personal gain but rather by …

The Labour Party candidate in Saturday’s Edo gubernatorial election in Edo State, Olumide Akpata, has dismissed reports of his withdrawal from the race. Akpata, who spoke to reporters on Friday in Benin City, said he was still in the running to become governor of the state. He said reports of his withdrawal from the election were the work of crooked …

Officers from the Lagos State Police Rapid Response Squad (RRS) have rescued a 59-year-old man from a suicide attempt on the Third Mainland Bridge. RRS revealed this through a post on his official X account, @rrsLagos767, on Friday. The force said the man was stopped from carrying out his actions around midday on Friday. READ ALSO: NEMA confirms discovery of …

Justice Peter Lifu of the Federal High Court, Abuja, on Friday, dismissed a suit seeking the removal of 27 members of the Rivers State House of Representatives for switching to the All Progressives Congress (APC) last year. The judge dismissed the lawsuit filed by the People’s Action Party (APP) because it had expired. Legislators loyal to Federal Capital Territory (FCT) …

Investors in the Nigerian capital market gained N140 billion at the close of trading on Friday. This follows a surge in the prices of shares such as Fidson, Meyer and Caverton among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N56.4 trillion from N56.3 trillion recorded by the bourse on …

The naira closed the week with a slight gain of N3 against the US dollar on the official exchange on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) shows that The local currency was trading at N1,541/$1, lower than the N1,544/$1 traded at the official window on Thursday. The naira strengthened N2 against the dollar in the parallel …

Plateau State Governor, Caleb Mutfwang, has dismissed rumors about his planned transition to the All Progressives Congress (APC). A flexible banner with the governor’s image suggesting his defection from the Peoples Democratic Party (PDP) to the APC has surfaced on social media. One of the banners was also installed at a strategic location in Benin City, Edo State. However, in …

Justice Peter Lifu of the Federal High Court, Abuja, on Friday, dismissed an application seeking to stop the Enugu State Independent Electoral Commission (ENSIEC) from conducting Saturday’s local government elections in the state. The judge in his ruling on an oral application filed by counsel for the All Progressives Congress (APC), Michael Aondoakaa (SAN), stated that stopping the election would …

Police officers in Lagos have arrested three suspected armed robbers in the state. State police spokesman Benjamin Hundeyin confirmed this in a post on his X account on Friday. He said the suspects were arrested at about 2:00 p.m. in the Ibeju-Lekki area of ​​the state. The spokesman said: “Elemoro Division officers responded to an emergency call on Friday about …