Author: Abdoulaye Kay

The United States administration under President Donald Trump has terminated Temporary Protected Status (TPS) for nationals of four African countries, raising concerns among affected immigrants who may no longer have protection from deportation or permission to work legally in the country. The countries affected are Cameroon, Ethiopia, Somalia and South Sudan, according to a report. TPS is a humanitarian immigration programme that allows eligible citizens of designated countries already living in the US to remain temporarily and obtain employment authorisation when returning home is considered unsafe because of armed conflict, natural disasters or other extraordinary conditions. The status, however, does…

Read More

Afrobeats star David Adeleke, popularly known as Davido, has celebrated the re-election of his uncle, Osun State Governor Ademola Adeleke, following his victory in the state’s governorship election. Davido took to X on Sunday shortly after the Independent National Electoral Commission (INEC) declared Adeleke the winner, posting a brief message: “We did it, Uncle.” The singer’s post was accompanied by a video showing him and members of his team reacting to the announcement of the election result. Adeleke, who contested on the platform of the Accord Party, secured victory in 19 of Osun State’s 30 local government areas, while his…

Read More

Governor Ademola Adeleke of the Accord Party has won the 2026 Osun governorship election after securing 511,067 votes to defeat his closest challenger, Bola Oyebamiji of the All Progressives Congress (APC), who polled 444,815 votes. Recall that the President of the Senate, Godswill Akpabio, and most governors, senators and chieftains of the APC converged on Osogbo, the state capital, to support their candidate against Adeleke. The Independent National Electoral Commission (INEC) declared Adeleke the winner in the early hours of Sunday, following the collation of results from the 30 local government areas in the state. The election was held on…

Read More

The Nigerian Meteorological Agency (NiMet) has forecast cloudy conditions, thunderstorms and varying levels of rainfall across Nigeria from Sunday to Tuesday. In its latest weather outlook, the agency said the northern region would experience sunny skies with patches of clouds on Sunday, with chances of early morning thunderstorms and light rains over parts of Sokoto, Kebbi, Zamfara, Kaduna, Borno, Taraba and Adamawa states. It added that thunderstorms accompanied by moderate rainfall were expected across most parts of the region during the afternoon and evening. For the North-Central region, NiMet predicted sunny skies with patches of clouds and possible early morning…

Read More

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has completed a comprehensive review of Nigeria’s Revenue Allocation Formula and finalised work on the remuneration of judicial office holders, while the review for executive and legislative office holders has reached an advanced stage. RMAFC Chairman Dr. Mohammed Bello Shehu, OFR, disclosed this on Saturday during an interactive session with members of the Nigerian Guild of Editors (NGE) in Lagos. He presented an overview of the Commission’s achievements and institutional progress from 2023 to date. Shehu said the period under review was marked by significant fiscal reforms. The Commission strengthened its constitutional…

Read More

Investors submitted bids worth N4.93 trillion at the Central Bank of Nigeria’s latest Open Market Operations auction, more than eight times the N600 billion offered across two short-term instruments. The auction, conducted on Thursday, August 13, 2026, covered 103-day and 138-day OMO bills. Despite the huge demand, the CBN allotted N2.60 trillion—more than four times the amount initially put up for sale. Longer-tenor bill attracts strongest demand The 103-day bill, scheduled to mature on November 24, 2026, received N1.268 trillion in subscriptions against an offer of N300 billion. The apex bank allotted N450 billion at bid rates ranging from 19.90%…

Read More

Nigeria’s local currency capped off the week on a positive note, appreciating by N5.75 to close at N1,358.25 per US dollar on Friday at the Nigerian Foreign Exchange Market (NFEM), according to official Central Bank of Nigeria (CBN) data. The weekend rally reflects a 0.42% week-on-week gain from the previous Friday’s closing rate of N1,364/$, backed by a continued expansion in the nation’s external buffer zone. Key takeaways Weekly Rebound: The Naira rebounded from a mid-week low of N1,365/$ on Tuesday, posting three consecutive sessions of gains to settle at N1,358.25/$. Foreign Reserves Boost: Nigeria’s gross external reserves expanded by…

Read More

The British pound remained relatively stable against the Nigerian naira at about N1,837 to £1 as the local currency continues to maintain its recent stability in the foreign exchange market. Latest data from the Central Bank of Nigeria (CBN) showed that the pound-to-naira exchange rate has recorded only modest movements, with the currency trading within a range of approximately N1,805 to N1,875 per pound over the past 30 days. The naira has also remained firm against the US dollar, with the dollar trading around N1,360 in the Nigerian Foreign Exchange Market (NFEM). The relative stability comes amid efforts by the…

Read More

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered cases of alleged manipulation of government payroll systems, including an official who enrolled 14 members of his family as government workers. The ICPC Chairman, Musa Aliyu, SAN, disclosed this on Thursday in Abuja while delivering the keynote address at the 2026 Economic Confidential Lecture and National Spokespersons Award organised by Image Merchants Promotions Limited. Aliyu said investigations by the commission into ghost workers had revealed how individuals manipulated payroll systems to receive multiple salaries from government. According to him, one official enrolled 14 members of his family on…

Read More

The Nigerian Governors’ Forum has reaffirmed all 36 state governors’ commitment to making Early Childhood Development a strategic priority in Nigeria’s human capital agenda. The forum said the success of national ECD policies will depend on how strongly states and local governments translate them into practical programmes. State action focus Speaking at the North-West Zonal Consultative Workshop on Early Childhood Development, the NGF Secretariat said investing in the first five years of life is critical to health, learning, cognitive development and future productivity. It said ECD should be treated not just as a social intervention, but as a development and…

Read More