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Grey List: ‘Naira Returns Stronger Against US Dollar’

Naira has recorded its strongest performance in 10 months, rising to ₦1,444.42 against the United States Dollar ($) at the official market. Naija News reports that the development comes following Nigeria’s removal from the Financial Action Task Force (FATF) grey list, a decision analysts say has triggered renewed investor confidence and stronger market inflows. Data […]

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‘Fear Of Persecution Kept Senators From Standing By Me’

The lawmaker representing Kogi Central, Senator Natasha Akpoti-Uduaghan, has said that the fear of political persecution prevented many of her colleagues in the Senate from publicly identifying with her during her suspension. Naija News reports that the lawmaker stated this on Sunday in Okene, during the inauguration of a new market in her constituency. Akpoti-Uduaghan,

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Tinubu’s 15% Fuel Import Duty May Backfire, Hurt Consumers

The Nigeria Labour Congress (NLC) has cautioned that the newly approved 15 per cent import duty on petrol and diesel could backfire if not properly managed, warning that the policy may open the door for price manipulation and consumer exploitation by powerful players in the downstream sector. NLC’s spokesperson, Benson Upah, in a reaction on

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