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Nigeria’s currency, the naira, slumped against the United States dollar at the official window on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,308.79/$1, compared with N1,378.70/$1 on Wednesday. This represents a loss of N2.09 for the local currency against the dollar. On the black market, the naira rose N10 against the …

[Press Release] The attention of the Independent National Electoral Commission (INEC) has been drawn to recent public statements by political actors alleging partisan bias, calling for the removal of the Commission’s chairperson due to the Commission’s decision to obey the recent Court of Appeal ruling. While the Commission recognizes the right of stakeholders to express their views, it is critical …

The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, on Thursday dismissed reports of a rift between him and Oyo State Governor, Seyi Makinde, describing the claims as false and misleading. This came in the context of earlier reports that the monarch had led a boycott of the coronation of three senior chiefs in Ibadan and moved to Lagos to protest …

The Economic and Financial Crimes Commission (EFCC) on Thursday told the Federal High Court in Abuja that 57 properties allegedly linked to former Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), should be permanently handed over to the Federal Government. The EFCC, in a motion for final notice of forfeiture of the property filed by its …