Korede Abdullah in Lagos The Central Bank of Nigeria (CBN) has introduced two new account types designed specifically for Nigerians living abroad: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). These accounts aim to enhance diaspora participation in the Nigerian economy while providing secure and flexible financial management options. According…
Juliet Jacob chronicles the sad end of some influential personalities who affected the world through their works in 2024. This report pays tribute to these remarkable individuals, highlighting their contributions and the profound impact they had on the world. The year 2024 was a somber one for the world, as it witnessed the passing of…
Hussaini Ibrahim Kafi in Kano Kano State Governor, Alhaji Abba Kabir Yusuf, has reaffirmed his dedication to the welfare of retirees by approving the hosting of the Annual General Meeting (AGM) of the Nigerian Union of Pensioners (NUP) in Kano. This was revealed in a statement issued by the governor’s spokesperson, Sunusi Bature Dawakin Tofa,…
Korede Abdullah in Lagos Nigeria and the United States have signed an Asset Return Agreement, marking a significant milestone in the fight against corruption. The agreement facilitates the repatriation of approximately $52.88 million in assets linked to former Petroleum Resources Minister Diezani Alison-Madueke and her associates, known as the Galactica assets. According to Lateef Fagbemi,…
The Federal Government remains dedicated to ongoing economic recovery, as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has outlined important fiscal strategies to the Senate Committee on Appropriations for the 2025 budget proposal. In a statement made available to Africa Health Report (AHR) on Friday, Edun highlighted the government’s dedication…
By JOHN NWOKOCHA, Editor The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is a body to watch in 2025, for accountability, transparency, and good governance practices within government agencies or Ministries, Departments, and Agencies (MDAs). The ICPC is a shining example in impactful governance leadership looking back into its scorecard in 2024. It…
China on Thursday reaffirmed its commitment to help Africa build a rapid response force to tackle insecurity on the continent. The pledge was made by Chinese Foreign Minister Wang Yi during a joint news conference with his Nigerian counterpart Yusuf Tuggar. Wang Yi disclosed this in meeting with Nigerian president Bola Tinubu in Abuja, on…
The Lagos State Government has announced plans to incorporate mini and midi buses, commonly known as Korope and Danfo, operating along the Lekki-Ajah axis into its Bus Reform Initiative. The Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Mr. Sola Giwa, disclosed this in a statement issued on Thursday by the ministry’s Director of Public…
Korede Abdullah in Lagos The latest Henley Passport Index has ranked Nigeria’s passport 94th out of 199 countries, highlighting the country’s persistent challenges in global mobility. According to the ranking, holders of Nigerian passports can access only 46 destinations around the globe without a visa. This limited visa-free travel opportunity reflects Nigeria’s poor ranking among…
Korede Abdullah in Lagos The Nigerian naira has continued its downward trend against the US dollar, depreciating for the third consecutive time at the foreign exchange market. According to data from FMDQ, the naira dropped to N1,541.70 per dollar on Wednesday, down from N1,537.03 on Tuesday. This represents a decline of N4.67 on the official…
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