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The Nigerian Naira is projected to depreciate further, potentially reaching N1,993 per US dollar by 2028, according to a recent report from BMI Research, a subsidiary of Fitch Solutions. The analysis highlights the growing risks for Nigeria’s economy, particularly in sectors reliant on imports, such as the healthcare industry.

A new report from the National Bureau of Statistics (NBS) has revealed that Nigeria’s national debt continues to grow at an alarming rate, with the average debt owed by each citizen now standing at N619,501. According to the second-quarter debt data released by the Debt Management Office (DMO), Nigeria’s total public debt reached N134.297 trillion as of June 2024, marking a significant rise from previous figures.

The Economic and Financial Crimes Commission (EFCC) has formally invited Ibrahim Mohammad, a Nigerien national, along with his family and other guests, for questioning regarding alleged currency abuse at his wedding to Amina Babagana Zannah in Kano. The move follows a viral video showing individuals at the wedding freely spraying naira notes, which has sparked widespread public backlash and intensified the EFCC’s ongoing efforts to combat currency abuse.

The Nigerian Coalition of Civil Society Organizations (NICOCSO) held a press conference in Abuja on Wednesday, 6th November 2024, to address the urgent need for an immediate investigation into cabals impeding the progress of local refineries and perpetuating the importation of Premium Motor Spirit (PMS).

Peter Obi, the presidential candidate of the Labour Party in the 2023 elections, has expressed deep concern over the persistent collapse of Nigeria’s national power grid, highlighting the widespread impact of power failures across the country. Obi emphasized that power outages know no ethnic or religious boundaries, affecting all Nigerians regardless of their background.

A coalition under the auspices of Coalition of Civil Society Organisations Against Corruption, COCSOAC, Nigerian Professionals in Diaspora, NPID, and Bloggers respectively, came together, Wednesday, to vehemently condemned a section of the country calling on President Bola Tinubu to sack the Group Chief Executive Officer, GCEO, Nigerian National Petroleum Company Limited, NNPCL, Engr Mele Kyari.

Equatorial Guinea’s government has launched an investigation into a scandal involving hundreds of leaked s3x tapes allegedly showing the country’s financial crime chief, Baltasar Ebang Engonga, engaging in s3xual acts with various women, including the wives of prominent officials. The tapes, which have circulated widely on social media, have sparked outrage and prompted immediate action from the government.

Donald Trump, the Republican presidential candidate, is on the verge of winning the 2024 U.S. presidential election, after securing 266 electoral votes, ahead of his Democratic opponent, Kamala Harris, who currently has 219 votes. Speaking to supporters in Florida on Wednesday, Trump declared his commitment to restoring America’s former strength, referring to his campaign as “the greatest political movement of all time.”

Kano State Governor, Abba Yusuf, has expressed profound gratitude following the release of 76 minors who had been detained in connection with the #EndBadGovernance protest. The minors were apprehended during the protests, and their detention sparked public concern, particularly after it was revealed that they were being held in connection with the demonstrations against government policies.

In a major boost to his campaign, former President Donald Trump has emerged victorious in North Carolina, securing the key battleground state’s 16 electoral votes in the race against Democratic candidate Kamala Harris. The state win solidifies the Republican Party’s position as both candidates race towards the crucial 270 electoral votes needed to claim the presidency.

Nigerian beauty queen Chidimma Adetshina has earned the 2nd spot in the global Miss Universe pre-arrival hot picks. The viral pre-arrival poll, released on Tuesday, ranked the 23-year-old ahead of the 73rd Miss Universe pageant, set for November 16, 2024.

Popular Nigerian comedian and social media influencer, Mr Macaroni, has voiced his concerns about the deteriorating state of Lagos roads. In a recent post on Instagram, Mr Macaroni directed his message to Governor Babajide Sanwo-Olu, highlighting the dangerous potholes that have become a constant hazard for Lagos residents.

In Abuja, Nigeria, the arraignment of 29 minors on charges related to a cost-of-living protest has sparked intense controversy, as the minors now face potential death sentences if convicted. The children, aged 14 to 17, were among 76 individuals charged with serious offenses including treason, public disturbance, and property destruction. At their court appearance on Friday, four of the minors reportedly collapsed due to exhaustion, underscoring concerns over their treatment in custody, where they have allegedly endured prolonged detention and lack of adequate food.

In a striking display of frustration, residents of Northern Nigeria recently tore down a campaign billboard for President Bola Ahmed Tinubu’s anticipated 2027 re-election bid. The incident underscores the growing dissatisfaction in the region, as many citizens have expressed anger over current economic challenges, including inflation and food insecurity, which they feel have not been adequately addressed under Tinubu’s administration.

In a recent court appearance involving young men detained after participating in the “End Bad Governance” protest, Federal Government counsel Rimazonte Ezekiel argued that the individuals in question are adults, dismissing claims that they were minors. Ezekiel emphasized that most of the detainees are married men, asserting that there are no minors among them despite ongoing concerns raised by defense representatives. This comes after a related incident where protesters, described as malnourished, reportedly collapsed in court, adding further scrutiny to the treatment and welfare of detainees arrested for their participation in political protests.

In Bauchi State, Nigeria, Hisbah, the state’s Islamic law enforcement board, recently arrested Alhaji Bala Mohammed, an elderly man, over a viral post featuring photos of numerous women he claimed to have dated. The photos, which reportedly show Mohammed with over 50 women in various intimate or compromising settings, sparked outrage after they surfaced online, leading to complaints from some of the women involved—many of whom are now married.

Several underage protesters detained since August over #EndBadGovernance protests collapsed Friday morning inside the Federal High Court in Abuja during their arraignment. The minors, held by the Nigeria Police Force, were brought to court from various detention centers, including the Intelligence Response Team (IRT) unit.

The Dangote Petroleum Refinery has officially stated that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for refined petroleum products, addressing growing concerns among oil marketers about petrol supplies.

In a distressing turn of events, bandits have abducted at least 16 individuals in Bena village and its surrounding areas within the Danko/Wasagu Local Government Area of Kebbi State. This incident highlights the escalating security challenges faced by rural communities.

Aliko Dangote, Africa’s richest man, has asserted that the persistent fuel queues across Nigeria could be eliminated if fuel marketers begin to source their supplies from his refinery. Speaking to State House Correspondents on Tuesday, October 29, Dangote urged the Nigerian National Petroleum Company Limited (NNPCL) and other marketers to cease fuel importation and instead patronize his facility.

The House of Representatives has announced plans to summon an Abuja cab driver who was reportedly assaulted by its member, Alex Ikwechegh. This information was shared by Francis Waive, Chairman of the House Committee on Rules and Business, during an appearance on a TVC program.