The Nigerian Naira has been ranked as the ninth weakest currency in Africa, according to Forbes’ currency calculator report for September 2025. The report highlights the lingering strain on Nigeria’s economy despite recent signs of easing inflation. As of September 2025, the Naira trades at ₦1,490 per US dollar. The Forbes currency calculator sources real-time foreign exchange market data via the Open Exchange Rates API, updating every five minutes to reflect live trading values. This system captures the impact of demand and supply, market sentiment, and broader economic conditions on each nation’s currency performance. Other weak currencies in Africa include…
Author: Omolemi Eboisetale
The World Bank is set to approve two major loans totaling $750 million for Nigeria on Tuesday, September 30, 2025. The funding will support healthcare system improvements and the expansion of digital infrastructure in underserved areas. According to the World Bank’s official website, the loans will focus on improving Nigeria’s healthcare security and expanding access to climate-resilient digital infrastructure. The package includes $500 million for the Building Resilient Digital Infrastructure for Growth in Nigeria (BRIDGE) project and $250 million for the Health Security Programme in Western and Central Africa, Nigeria – Phase II. The BRIDGE project aims to expand broadband…
The Dangote Petroleum Refinery has strongly condemned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) directive to halt crude oil and gas supply to the refinery, describing it as “lawless, reckless, and criminal”. The directive, issued on September 26, 2025, instructs PENGASSAN members to cut off gas supply to the Nigerian Gas Infrastructure Company (NGIC) and shut all crude oil supply valves to the refinery. The refinery argues that PENGASSAN has no legal authority to instruct its members to disrupt contractual agreements between the refinery and its vendors. “Those supply contracts were not entered into with PENGASSAN;…
Hundreds of protesters gathered in Madagascar’s capital, Antananarivo, on Saturday, to express their frustration over persistent water and electricity outages. The demonstration turned violent on Thursday, resulting in clashes between protesters and security forces, looting, and arson. Police used rubber bullets and tear gas to disperse the crowds. The protesters, mostly young people and university students, held placards with slogans like “We are poor, angry and unhappy” and “Madagascar is ours.” Some wore colored straw hats, which have become a symbol of defiance. A wall of security forces prevented protesters from marching towards the city center, and there were reports…
The remains of former Inspector General of Police, Dr. Solomon Arase, arrived Benin City on Saturday, September 27, 2025, to an emotional reception by top security officials, representatives of the Edo Government, and family members. The Nigerian Air Force flight NAF 031, which conveyed the body, touched down at the Benin Airport at 1:25 p.m. The reception was attended by senior police officers, including Assistant Inspector General of Police, Zone 5, Sulaiman Dogo, and Edo Commissioner of Police, Monday Agbonika. Alhaji Gani Audu, Chief of Staff to Governor Monday Okpebholo, led the state government’s delegation and described Arase as “one…
President Bola Tinubu has called on international financial institutions, including the World Bank, International Monetary Fund, and African Development Bank, to scale up financing for climate action in Africa. Represented by Vice President Kashim Shettima at the Climate Summit during the 80th Session of the United Nations General Assembly in New York, Tinubu emphasized that climate action is not a choice but an existential necessity for Nigeria, a country acutely vulnerable to climate impacts. According to Tinubu, Nigeria is mobilizing $20 to $25 billion in climate finance by 2030, including green bonds, blended finance, and public-private risk-sharing mechanisms. “We aim…
The Peoples Democratic Party has extended the deadline for the submission of expression of interest and nomination forms for aspirants indefinitely. This decision was made to ensure smooth arrangements for the conduct of the exercise, according to Debo Ologunagba, Secretary of the Publicity Sub Committee. The National Convention Organizing Committee approved the shifting of the date for the screening of aspirants earlier scheduled for Tuesday, September 30. New dates will be communicated in due course, and all aspirants are advised to note the extension and be guided accordingly. “The extension is necessitated by the need to ensure all necessary arrangements…
A chieftain of the All Progressives Congress (APC) in Delta State, Chief Victor Ogba, has advised President Bola Tinubu to disregard recent remarks made by former Kaduna State Governor, Malam Nasir El Rufai. Ogba urged the President to focus on his economic reforms and not be distracted by El Rufai’s comments. According to Ogba, El Rufai’s criticisms reflect long standing political differences rather than genuine concern for national progress. “President Tinubu should not allow himself to be drawn into unnecessary exchanges. Nigerians are interested in results, not distractions,” Ogba stated. The APC chieftain described President Tinubu as a leader with…
The Kwara State Police Command has made a significant breakthrough in the fight against crime and illicit drug trafficking. Operatives intercepted a vehicle loaded with tubers of yams, under which 127 bags of substances suspected to be cannabis were concealed. The joint operation was carried out along the Babanla Orekeke Oke Ode axis in Ifelodun Local Government Area of the state. The police worked in collaboration with the Office of the National Security Adviser, the Nigeria Forest Security Service, and local vigilante groups. Two male suspects, Dan Teni Haruna and Rabiu Ibrahim, both from Saliku, Magama Local Government Area of…
The Petroleum and Natural Gas Senior Staff Association of Nigeria has directed its members to halt gas and crude oil supplies to the Dangote Petroleum Refinery. This decision follows the refinery’s recent dismissal of over 800 workers, which PENGASSAN claims is a violation of workers’ rights and an anti-labor practice. PENGASSAN’s General Secretary, Lumumba Okugbawa, stated that the union’s action is in response to the refinery’s alleged victimization of workers who exercised their constitutional right to unionize. “The management of Dangote Petroleum Refinery has disengaged our members in reaction to the exercise of their constitutional right to being unionized,” Okugbawa…
Security operatives in Edo State have dismantled five suspected kidnapper camps in the Ekeke Erah Forest, Owan East Local Government Area. The operation was conducted by the Edo State Special Security Squad, codenamed “Operation Flush Out Cultists and Kidnappers,” in collaboration with the Nigerian Army, local vigilante groups, and other sister security agencies. The security team trekked nearly five kilometers deep into the forest, where they discovered and destroyed the camps. According to Eribo Ewanta, a member of the squad, signs of recent activity confirmed that the camps were still in use. “We discovered five camps, with clear indications that…
Nasarawa State Governor Abdullahi Sule has urged the National Assembly to establish special courts dedicated to handling corruption cases in the country. According to Sule, creating such courts would speed up the hearing and determination of corruption cases, which is crucial in the fight against graft. Sule made this call at the combined passing-out parade of 404 cadets of the Economic and Financial Crimes Commission (EFCC) held at the Nigeria Police Mobile Force Training College in Ende Hills, Akwanga Local Government Area. He commended the EFCC for its rigorous training program and successes in the anti-corruption fight, which resulted in…