Nigeria’s external reserves have dropped to $48.6 billion, declining by $1.38 billion within five weeks, raising fresh concerns about sustained pressure on the country’s foreign exchange buffers. Data on the website of the Central Bank of Nigeria, analysed by Naira metrics, show that the reserves, which stood above $50 billion in February 2026, have steadily trended downward, reflecting ongoing interventions by the apex bank in the foreign exchange market as well as external obligations. The decline underscores the apex bank’s continued efforts to stabilise the naira amid volatility in the FX market. Analysts note that such interventions, while necessary to…
Author: Newsdesk
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and the Lagos State Traffic Management Authority (LASTMA) have agreed to strengthen collaboration on safe Liquefied Petroleum Gas (LPG) transportation. The agreement followed a courtesy visit by NALPGAM executives to LASTMA management on Friday in Lagos, where both parties discussed safety concerns and operational challenges. NALPGAM President, Mr. Edu Iyang, said collaboration was vital due to the volatility of gas and the risks linked to transporting it on busy public roads. He noted that increasing urban traffic and rising LPG usage make coordinated safety measures more urgent for operators and emergency…
The Nigerian Safety Investigation Bureau (NSIB) has inaugurated its newly approved Conditions of Service (CoS) to enhance the operational effectiveness of its workforce. NSIB Director-General, Capt. Alex Badeh, said during the inauguration on Friday in Abuja that the new framework would also improve safety outcomes across Nigeria’s transportation sectors. According to him, the new CoS marks a significant step toward strengthening staff welfare, institutional efficiency, and alignment with global best practices in accident investigation. “The document is a collective covenant that goes beyond administrative rules to define the rights, responsibilities, and professional expectations of all personnel within the agency. “This…
The Nigeria Data Protection Commission (NDPC) has opened an investigation into an alleged data breach at the Corporate Affairs Commission (CAC). Mr Babatunde Bamigboye, Head of Legal, Enforcement and Regulations, confirmed this in a statement issued on Friday in Abuja. He said the probe aligns with the provisions of the Nigeria Data Protection Act 2023 and is pursuant to Section 46(3) of the law. Bamigboye said the move aims to strengthen trust in Nigeria’s digital and economic ecosystem. “This investigation underscores the importance of fostering trust in Nigeria’s economic environment. “The NDPC notes with concern that threat actors have devised…
The Nigeria Customs Service (NCS) says it recorded seizures worth N93.03 million in Adamawa within six weeks under Operation Whirlwind, Zone ‘D’ Axis. The National Coordinator of Operation Whirlwind, Mr Abubakar Aliyu, disclosed this at a news conference on Friday in Yola. Aliyu, represented by the Comptroller-General, Dr Bashir Adeniyi, said the operation supports efforts to safeguard food security, energy supply, and national stability, in line with the mandate of President Bola Tinubu. “Our gathering today is to showcase successes recorded through ongoing intelligence-driven anti-smuggling operations aimed at disrupting syndicates. “The total duty-paid value of the seized items stands at…
The Speaker of the Nasarawa State House of Assembly, Dr Danladi Jatau, on Friday disbursed N60 million in scholarships to 1,200 students from the Karu/Keffi/Kokona Federal Constituency studying in various tertiary institutions across the country. Jatau, who represents Kokona West Constituency, performed the disbursement in Garaku, Kokona Local Government Area. The initiative is under the Dr Danladi Jatau Scholarship Students Fund 2026 Project. The Speaker said the scholarship was aimed at easing the financial burden of school fees on parents and guardians. “I have earmarked N60 million to be disbursed to 1,200 students from the Karu/Keffi/Kokona Federal Constituency studying in…
The proprietor of Unique Nursery and Primary School, Ilorin, Mr Kayode Olayinka, has called for greater emphasis on practical teaching to enhance learning in schools. Speaking with reporters on Friday in Ilorin, Olayinka said schools should not concentrate excessively on theoretical classroom instruction. “Schools need to prioritize practical knowledge alongside theoretical instruction. “Students should practice what they learn on paper. It is not enough to teach them on the board; they should also be exposed to practical sessions in laboratories and workshops,” he said. He noted that practical learning helps students understand better, learn faster, and builds their confidence in…
Mr Oluyemi Ibiloye, Commandant of the Nigeria Security and Civil Defense Corps (NSCDC) in Ondo State, has commended the smooth conduct of the ongoing Unified Tertiary Matriculation Examination (UTME) organized by the Joint Admissions and Matriculation Board (JAMB). Ibiloye gave the commendation on Friday during an extensive monitoring exercise across designated Computer-Based Test (CBT) centres conducting the UTME in parts of the state. The commandant, accompanied by the Ondo State Coordinator of JAMB, Mr Abdulhakeem Abdulkadri, expressed satisfaction with the orderly arrangement, punctuality of candidates, and strict adherence to examination guidelines. Ibiloye, who applauded JAMB for its consistent efforts to…
The Joint Admissions and Matriculation Board (JAMB) says candidates affected by technical glitches will be reassigned new Unified Tertiary Matriculation Examination (UTME) dates and centres. The board said the move is to ensure that no registered candidate is denied the opportunity to sit the examination. JAMB’s Public Communication Adviser, Dr Fabian Benjamin, gave the assurance on Friday in Abuja during the Senate Committee on Tertiary Institutions and TETFund’s monitoring of the ongoing UTME. Benjamin spoke while responding to concerns raised by parents and candidates affected by technical disruptions at the Good Success Computer-Based Test (CBT) Centre in Utako. He said…
The Head of Family Planning at the Federal Ministry of Health (FMOH), Mr Alex Ugochukwu, says family planning has reduced maternal mortality by 30 per cent globally and helps individuals better organize their lives. Ugochukwu spoke on Friday in Awka during a visit by representatives of the FMOH and the National Primary Healthcare Development Agency to the Anambra State Primary Healthcare Development Agency (ASPHCDA). Also present were officials from the Anambra State Ministry of Health, development partner EngenderHealth, and other stakeholders. He stressed the need for increased grassroots awareness and accurate information on family planning. “Globally, family planning reduces the…