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Nigerian lawmaker proposes bill to ban advance rent of more than 12 months
A lawmaker in the Kogi State House of Assembly, Hon. Akus Lawal, has proposed a new tenancy bill with stiffer penalties to ban advance rent of more than 12 months.
CBN releases new exchange rate as naira hits lowest in three weeks
The Nigerian currency, the naira, has continued its downward spiral against the dollar, depreciating to N1,612 as of Wednesday, May 7, 2025, amid slow FX inflows,
EFCC drops $340,000 fraud charges against Mercy Chinwo's ex-manager, files new forex charges
The $340,000 fraud charge against Mercy Chinwo's ex-manager has been dropped by the EFCC. However, another charge relating to forex has been filed against him.
Woman who lives next to her mum and sisters as neighbours shows unique compound setup, people marvel
A woman named Clelia showed her family’s big compound where she lives with her mum, two sisters, their husbands, and their kids. The unique setup marvelled many.
Marketers speak amid plans to ban fuel imports as new petrol prices emerge
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised an alarm regarding plans by the Nigerian government to ban fuel imports.
Alphabet's share price plunges on traffic drop testimony
Shares in Google parent Alphabet plunged more than seven percent on Wednesday after an Apple executive told a federal court that the search engine's traffic fell on Apple products last month. Cue told the court this would have a significant impact on Apple's ability to invest in new products and services. arp/dw
Tinubu's govt begins overhaul of NYSC scheme, “The outcome of this review"
President Bola Ahmed Tinubu-led federal government has set up a committee to carry out major changes and overhaul the National Youth Service Corps (NYSC).
South Africa launches reform of derelict municipalities
South African President Cyril Ramaphosa unveiled Wednesday a plan to revive South Africa's flagging local governments, weeks after publicly criticising the state of the financial capital Johannesburg as it prepares to host the G20 summit in November.
EU trade chief says accelerating free trade talks with Asia
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc's trade chief said Wednesday. He was speaking in Singapore after signing a digital trade agreement between the EU and the city-state on Wednesday.
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