News

$2.5 billion swap will expand to $10 billion for smoother trading … A move is expected to reduce demand for the US dollar Daud Olatunji The federal government is in advanced talks with China to expand the existing Naira-Yuan currency swap from $2.5 billion to $10 billion, a move aimed at easing pressure on the US dollar, stabilizing the naira …

The All Progressives Congress (APC) in Benue State, on Tuesday, elected new officers to steer the affairs of the party for the next four years. Chairman of the APC Congress Committee in the state, Dr. Auwalu Ishiye, who conducted the exercise in Makurdi, said new officials were elected through affirmation of votes. He said that all 36 officials took the …

President Bola Tinubu has ordered the immediate release of approved funds for the maintenance of Nigeria’s space assets, reaffirming his administration’s commitment to the implementation of the country’s new 25-year space development roadmap. The directive was issued on Tuesday during the first meeting of the National Space Council at the Presidential Villa, Abuja. The President, represented by Vice President Kashim …

Former Deputy Governor of Oyo State, Chief Moses Adeyemo, on Tuesday emerged as the new chairman of the All Progressives Congress (APC) in the state. Adeyemo was unanimously adopted as the consensus candidate at the party’s state congress held at the Liberty Stadium, Ibadan. The new chairman hails from Igboho in Oke Ogun Zone, Orelope Local Government Area of ​​the …

The Nigerian Wheelchair Basketball Federation has invited 16 players to a closed camp program ahead of qualifiers for the 2026 Commonwealth Games in Angola. The national camp will be held at Moshood Abiola National Stadium Package ‘B’ from March 8 to 21. In the men’s category, the invited players are Shittu Musbau, Adetayo Emmanuel Kehinde, Abel Oluwaseun, Akinde Tony, Bailey …

By Ayo Kehinde The International Atomic Energy Agency (IAEA) said Iran is not building nuclear weapons, but warned that the country’s enrichment of uranium to 60% purity remains a serious concern for the international community. The agency’s director general, Rafael Grossi, revealed that inspectors found no evidence of “a systematic and structured program to manufacture nuclear weapons” in Iran, despite …

Kaduna State Governor, Uba Sani and Speaker of the House of Representatives, Tajudeen Abbas, on Tuesday tasked the new office bearers of the All Progressives Congress (APC) in the state to secure two million votes for President Bola Tinubu in the 2027 general elections. They presented the demands to the party’s State Congress in Kaduna, where Isaac Atiku Sankay emerged …

Department of State Services (DSS) operatives have arrested two suspected arms couriers, seized two Rocket Propelled Grenade (RPG) warheads, an RPG launcher and other items linked to bandit networks in Gombe State The suspects, Muhammed Alhaji Mohammed, 55; and Sani Gesha, 47; were intercepted in Mararaban Tula, Kaltungo Local Government Area, while traveling in a gray Toyota Corolla with Taraba …

Nigeria’s currency, the naira, continued to slide against the American dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,384.29/$1, compared with N1,378.02/$1 on Monday. This represents a loss of N6.27 for the local currency against the dollar. On the black market, the naira lost N10 against …

Clerk Ogunlana Launches Cutting-Edge Newsroom in NASS, Signaling New Era of Institutional Reform By Raphael Ekpang Nigeria’s National Assembly has commissioned an ultra-modern newsroom as part of ongoing efforts to strengthen transparency, improve institutional efficiency and modernize legislative communication. Speaking at the commissioning ceremony on Tuesday, the Clerk of the National Assembly, Barrister Kamoru Ogunlana, described the facility as more …