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Henry Williams

Nigeria’s NAFEX adoption may be long walk from full unification

The move by the Central Bank of Nigeria (CBN) on Tuesday that saw the regulator adopt the NAFEX rate of N410.25 per US dollar...

Soldiers arrest hundreds from camps in war-hit Tigray

Ethiopian and Eritrean soldiers rounded up around 200 displaced civilians during a violent nighttime raid on camps in Ethiopia's war-hit Tigray region, Amnesty International...

Nigeria’s floundering economy at crossroads, needs urgent attention

Nigeria may dive deeper into an economic crisis if government does not take urgent, deliberate steps to rescue it from a looming collapse. This is...

Nigeria’s Q1 GDP numbers show poverty still on the rise

There were no surprises in the latest GDP numbers for Nigeria published by the National Bureau of Statistics (NBS) on Sunday. Africa’s largest economy expanded...

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Enugu Air Plane Skids Off Runway At Benin Airport

An Enugu Air aircraft veered off the runway after landing at Benin Airport on Thursday, prompting an emergency response and a formal investigation by aviation authorities. The airline confirmed that all passengers and crew members were safely evacuated from the aircraft and that no injuries or fatalities were...

US And Saudi Arabia Sign Landmark Civilian Nuclear Agreement

The United States and Saudi Arabia have announced a landmark agreement to establish a civilian nuclear programme in the kingdom, a move expected to strengthen bilateral ties while drawing scrutiny over its potential impact on regional security. The agreement, unveiled on Wednesday, is expected to create billions of...

Nigeria’s External Reserves Hit $52.5bn As Import Cover Improves

Nigeria’s gross external reserves have climbed to $52.52 billion, enough to cover approximately 11 months of imports, according to the Central Bank of Nigeria (CBN). CBN Governor Olayemi Cardoso disclosed this on Tuesday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. The announcement came as the committee...