In response to Nigeria’s deepening economic woes, former Lagos State Governor and APC stalwart, Bola Tinubu, has unveiled a 50-member Emergency Economic Recovery Team. The team, comprised of seasoned professionals from various sectors, has been tasked with rejuvenating the nation’s economy within a tight six-month timeframe. Heading the team is…

Amidst a flurry of economic activity, the Nigerian Naira has witnessed a remarkable appreciation against the US dollar, soaring to N1,350/$ in the parallel market. Verified sources from multiple financial outlets confirm this unexpected surge, highlighting a significant departure from previous exchange rates. Factors contributing to this surge include bolstered…

Senator Abubakar Kyari, Minister of Agriculture and Food Security, urged Nigerians on Wednesday to be patient and supportive of the government’s efforts to address the food crisis. He addressed the House of Representatives in Abuja, emphasising the importance of mechanised farming, enhanced security, and increased agricultural investment. He stated that…

In a sudden turn of events, a widespread cash shortage has gripped banks across the Nigeria, prompting a surge of concerned customers flocking to branches for urgent BVN (Bank Verification Number) and NIN (National Identification Number) revalidation. Reports indicate that the cash shortage has created long queues at various banking…