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By Victor Osula, Abuja The Federal Government said that the Naira-For-Crude initiative with local refineries is not a temporary measure but a “key political directive designed to support sustainable local refining”. Introduced on October 1, 2024, the agreement allowed the local refineries to purchase crude oil in Naira instead of dollars. The initiative was designed to support national refining capacity, …

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The Nigerian currency, Naira, depreciated the US dollar on the black market on Wednesday, April 9, 2025. This is even because there is no official tariff from the foreign exchange data of the Nigeria Central Bank (CBN) a few hours after the market is closed. In the black market, Naira descended to N1.620/$ 1 compared to the previous day level …

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The Minister of Education, Dr. Maruf Tunji Alausa, directed all the federal tertiary institutions to which exemptions were granted to recruit staff to publicly advertise the vacancies available in at least one national newspaper, on their respective websites and other relevant academic and professional magazines. According to a declaration, Thursday, signed by the director Press of Public Relations, Boriowo Folasade, …