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Lagos, May 12, 2026 – The Nigerian currency, Naira, depreciated at the official foreign exchange market on Monday, closing at N1,367 to the dollar from N1,355 which it closed on Friday. The currency had been depreciating in the previous three trading days, closing at N1,258 to the dollar on May 7 and N!,350 to the dollar n May 6, 2026.. Bid rates quoted by dealers at the market on Monday ranged from N1,375 and N1,373.1640 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos …

By Richard Ikiebe Lagos, May 11, 2026 – Public debate about Nigeria’s future has grown increasingly crowded with competing prescriptions. Two of the suggested remedies dominate the discourse: the demand for outright dissolution and the call for a Sovereign National Conference. Both are emotionally and politically potent. Neither is constitutionally valid, logically sustainable, nor practically persuasive. More critically, they distract from the real challenge, and, tellingly, from the people most responsible for the situation: the elite. Nigeria is now under heavy strain because its elites have repeatedly refused to complete …

Lagos, May 11, 2026 – Polaris Bank, Nigeria’s leading digital retail and commercial bank, has been honoured with the Private Sector Champion Award at the 2026 Jobberman Partners’ Convening in Lagos. The award was in recognition of the Bank’s outstanding and stellar contributions to youth employment, talent development, and workforce empowerment across Nigeria. It recognises private sector organisations that have demonstrated exceptional commitment and leadership in advancing youth employability through impactful recruitment initiatives, graduate trainee programmes, executive hiring support, candidate assessment programmes, and strategic partnerships that create sustainable career opportunities …

London, May 11, 2026 – Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Brent crude futures advanced as much as 4.6% to $105.99 a barrel, while West Texas Intermediate traded near $100. In a social media post, Trump said the response was “TOTALLY UNACCEPTABLE” as the two sides struggle to maintain a fragile ceasefire following a series of flareups in hostilities. The near-closure of Hormuz since …

Abuja, May 11, 2026 – The Central Bank of Nigeria (CBN) has reaffirmed its commitment to inflation targeting in the management of monetary policy in the country. Muhammad Sani Abdullahi, a Deputy Governor of the apex bank, said this during a recent engagement of the bank with the Nigerian Governors Forum. According to a statement issued by the CBN, the deputy governor, who is in charge of the Economic Policy Directorate, said Nigeria’s transition to inflation-targeting regime was a move toward a more transparent, rule-based, and forward-looking monetary policy system that requires …

Lagos, May 11, 2026 – The Lagos State Electricity Regulatory Commission (LASERC) has approved 14 independent power distribution, metering services, and interconnected mini-grid operations in the state. Alexander Ogunbiyi, the Chairman of the Commission, distributed the licences and permits at the maiden meeting of the stakeholders in Lagos on May 7. 2027 The company said this in a statement, describing the move as a major step to expand private sector participation and improve electricity access across industrial and residential clusters. It said the approvals also reflected its drive to deepen …

London, May 11, 2026 – Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Brent crude futures advanced as much as 4.6% to $105.99 a barrel, while West Texas Intermediate traded near $100. In a social media post, Trump said the response was “TOTALLY UNACCEPTABLE” as the two sides struggle to maintain a fragile ceasefire following a series of flareups in hostilities. The near-closure of Hormuz since …

Washington, May 11, 2026As Kamala Harris eyes a possible 2028 presidential bid, there is little outward enthusiasm among her biggest 2024 backers to fund a repeat performance, adding to uncertainty about the former vice president’s prospects in what is sure to be a crowded primary field. The Times reached out to more than two dozen top donors to the biggest pro-Harris super PAC in 2024. Several of them said they do not plan to support her should she choose to run, or declined to talk about her. Others did not …

Lagos, May 8, 2026 – Shamseldeen Ogunjimi, the Accountant-General of the Federation, says Nigeria may reject World Bank loan if delays in approval and disbursement persist. Ogunjimi gave the warning during a courtesy visit by a World Bank delegation led by Mrs Treed Lane. He said the delays could undermine the country’s willingness to proceed with such arrangements. Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, disclosed this in a statement on Friday.  “If approvals take more than six months, the …