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President Bola Tinubu has approved the deployment of 65 ambassadors and high commissioners to overseas countries and the United Nations. The Senate confirmed the 65 ambassadors in December last year. They consist of 34 career ambassadors and 31 non-career ambassadors. This was stated by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in his statement, Friday, in Abuja. …

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Nigerian police in Lagos have arrested a 30-year-old man accused of selling his sister’s one-month-old baby for $2 million. Police told the suspect, who lives in Igbogbo in Ikorodu area of ​​Lagoshe would organize the sale to raise money for them burial of the deceased mother. According to police sources, the child’s mother reported the incident after discovering that her …

Depository banks (DMBs) have significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday. According to several industry reports, the increase in non-performing loans in the banking sector exceeded prudential guidelines in the fourth quarter. This was linked to a higher default rate as the apex bank withdrew forbearance. On Friday, …

Nigeria’s currency, the naira, continued to slide against the American dollar at the official window on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,393.25/$1, compared with N1,387.44/$1 on Thursday. This represents a loss of N5.81 for the local currency against the dollar. On the black market, the naira closed flat against …