Sultan declares Wednesday Eid-El-Fitr Celebrations

Sultan of Sokoto, His Eminence, Alh. Muhammad Sa’ad Abubakar, has declared Wednesday as Eid-il-fitr. In a statement on Monday, the Sultan informed the Nigerian Muslim Ummah that there was no positive report of the sighting of the crescent of Shawwal 1445 AH on the 29th of Ramadan 1445 AH. He explained that consequently, the Ramadan […]

CBN prohibits use of foreign currency collateral for Naira loans

The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for naira loans, with exceptions to foreign currency collateral which are Eurobonds issued by the Federal Government or guarantees of foreign banks, including Standby Letters of Credit. According to the new regulation directed to all banks by CBN’s Acting Director of […]

Rivers United are out of the CAF Confederation Cup

The team lost 2-1 on aggregate after losing 2-nil in Algiers in the return leg of their quarter-final clash against the Algerian side, USM Alger, who are Last season’s winners of the competition. They had won the first leg 1-nil at the Godswill Akpabio International Stadium, Uyo last Sunday and needed to hold on in […]

Zimbabwe launches new gold-backed currency

Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise its economy. Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at a market-determined exchange rate. The ZiG replaces a Zimbabwean dollar, the RTGS, […]

The Nigerian Senate postpones resumption

The Nigerian Senate has postponed its resumption earlier scheduled for Tuesday, April 16, till Tuesday, April 23, 2024, citing “unforeseen circumstances”. Senate Clerk Chinedu Akubueze disclosed the development in a message sent to the Senators at the weekend. The two Chambers of the National Assembly had suspended legislative session to observe the Easter and Sallah […]

FG declares public holidays

The Federal Government has declared tomorrow Tuesday, April 9 and Wednesday, April 10, as public holidays to mark the Eid-el-Fitr celebration. Minister of Interior, Dr Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated all Muslim Ummah for the successful completion of the fasting. Tunji-Ojo called on Muslim Ummmah to imbibe […]

President Tinubu arrives Lagos ahead Eid-el-Fitr celebration

President Bola Tinubu has arrived Lagos State to celebrate Eid-el-Fitr, which signifies the end of Ramadan. The President’s aircraft touched down at 4.30 p.m. at the Presidential wing of the Murtala Muhammed Airport, Ikeja. Tinubu was received by the Lagos State Governor, Mr Babajide Sanwo-olu and some of his cabinet members. He is expected to […]

Nigeria ranks 30th in latest FIFA men’s world ranking

Nigeria’s Super Eagles dropped two places in the latest FIFA ranking, but the three-time African champions are still far ahead of their West African rivals Ghana.  The Super Eagles were ranked 28th in the world in the February ranking but dropped to 30th in the ranking released on April 4, 2024, following the team’s mixed […]

South Africa Speaker charged with 12 counts of corruption

South Africa’s ex-Speaker of Parliament Nosiviwe Mapisa-Nqakula has been charged with 12 counts of corruption and one count of money laundering. She made her first court appearance after handing herself over to a police station this morning. The politician is accused of soliciting bribes in return for awarding contracts during her time as defence minister. […]