Detty December, the month-long rave that turns Nigeria into a global party hotspot, has morphed into more than just a festive tradition. It’s a cultural and economic phenomenon. What started as post-pandemic revelry is now a potent force driving global cultural exchange and economic activity. Even amid a depreciated naira, record inflation, and a challenging…
The year was 1992. I had a great job in a marketing company. Life was good. My wife had just given birth to our third daughter. We lived in a posh neighborhood in Accra, Ghana. My address was 45B Kwame Osei Street. My neighbor at 45A was a man I rarely saw. It appeared he lived outside the…
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend. However, the Naira depreciated to N1,550 per dollar in the official foreign exchange market. Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that the…
,,,How our daily bread is becoming daily poison…WHO, FAO express concern…NAFDAC reads riot act to bakeries, threatens crackdownOur loaves are safe, go after quacks, PBAN challenges NAFDAC…Why we can’t do without bread — CitizensBy Clifford Ndujihe Over time, bread has remained a staple food consumed by most families worldwide, including Nigeria. It has emerged as…
Overthrown Syrian leader Bashar Assad said Monday in his first public comments since fleeing to Moscow that he wanted to keep fighting in Syria. In a statement posted to an official Telegram channel, Assad said Russia requested he leave Syria. He described his flight from Damascus as rebel forces closed in on the capital city, taking power with little…
EFFECTIVE policies require thoughtful design and an understanding of public response to their benefits and challenges. Nigeria’s current federal policing system is inadequate in addressing the nation’s diverse security threats, such as terrorism, banditry, cybercrime, and kidnapping. The call for state police has gained significant traction across regional and political divides, reflecting its necessity for improving…
The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange…
The Federal Government on Monday approved the 2025 budget proposal. This follows the Senate’s endorsement of the Medium-Term Expenditure Framework 2025 – 2027 on November 22. President Bola Tinubu will present the proposed N47.96tn budget to the joint session of the National Assembly on Wednesday. The exercise, earlier slated for Tuesday (today), was postponed to…
Electricity woes in Nigeria became compounded, especially in the last quarter of 2024, hampering President Bola Tinubu’s 15,000 megawatts target in four years. DARE OLAWIN explores how mounting debts, frequent vandalism, inadequate gas supply and incessant grid collapses plunged many Nigerians into darkness Nigerians’ hope for an improved electricity supply has continued to hit a brick wall,…
Donald Trump’s felony conviction in the New York hush money case should not be tossed out because of the Supreme Court’s ruling on presidential immunity, Judge Juan Merchan ruled Monday. Merchan’s decision rejected one of several avenues that Trump’s lawyers have taken to try to dismiss Trump’s May guilty verdict on 34 counts of falsifying…
