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Nigeria’s currency, the naira, recovered 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 N1,401.40/$1, compared with N1,405.62/$1 on Monday. This represents a loss of N5.81 for the local currency against the dollar. On the black market, the naira lost N10 against the dollar, …

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The Federal Government, in collaboration with the World Bank, has inaugurated the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project across the country. Minister of Water Resources and Sanitation Prof. Joseph Utsev on Tuesday said SPIN will strengthen dam safety, improve irrigation and hydropower, and support food security, economic growth and environmental sustainability nationwide. He added that the …

The Joint Action Congress (JAC), Olusegun Agagu University of Science and Technology (OAUSTECH), Okitipupa in Ondo State, has embarked on a seven-day protest over alleged injustice committed by the governing board of the institution. JAC includes the Senior Staff Association of Nigerian Universities (SSANU); Non-Academic Staff Union (NASU); and the National Association for Academic Technology (NAAT). Protesters gathered in large …

Galatasaray president Dursan Ozbek has revealed that the Turkish champions have paid 75 million euros for the transfer of Victor Osimhen. “We have already paid the full amount of Osimhen’s transfer,” Ozbek told the media. Galatasaray agreed with Napoli to pay the record transfer fee in installments when they signed him permanently last summer. Since top Turkish clubs are famous …