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The Nigerian Guild of Editors (NGE) say the media industry is not a political opponent or enemy of the Federal Government
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Support Legit.ng via the link: https://corp.legit.ng/support-legit Senate President Bukola Saraki recently declared his interest in running against President Buhari and other candidates come 2019. NAIJ.com’s Akinyemi Akinrujomu dissects Saraki's chances of becoming Nigeria’s next president.


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A wide-ranging fraud and money laundering scheme borne out of the well-known Nigerian prince email scams has taken a big hit after a nearly 3-year FBI investigation.

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Nigeria To Adopt The Chinese Yuan As Reserve Currency To Stop The Naira’s Depreciation - It is no secret that Nigeria's Naira has undergone a precipitous decline, plunging over 40% against the dollar since June 2023, according to the World Bank. This alarming rate of depreciation is ringing alarm bells across the nation, as its tentacles reach every corner of the economy. From surging import costs fueling inflation to dwindling investor confidence, the weakened Naira breeds instability and uncertainty. Basic necessities have become pricier, businesses are struggling to navigate foreign exchange shortages and economic planning has been mired in the haze of fluctuation. As the naira’s continued descent threatens to exacerbate existing social and economic inequalities, a stark question arises: will Nigeria find its footing amidst the turbulent tides of a depreciating currency? Well, the Nigerian government is considering adopting the Chinese Yuan as its reserve currency, a powerful move it thinks can help curb depreciation. Why is Nigeria considering the Yuan now? Does this mean the dollar will no longer be Nigeria’s reserve currency? And could the Yuan be the silver bullet that helps the giant of Africa kill currency depreciation for good? Join us in today's video as we shed more light on these questions in great detail.

On Wednesday, December 20th, 2023, a plenary session of Nigeria's House of Representatives called upon the Nigerian government and the Central Bank of Nigeria to hasten the adoption of the Chinese Yuan as an alternative trading currency. The proposal was made by Mr Jafaru Leko, a member representing the Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State. During his address, Mr Jafaru Leko stated that the rate of Naira depreciation is quickly becoming a source of concern because it affects every aspect of the economy. Leko pointed out that economic insecurity and uncertainty are direct consequences of the currency's poor performance. He admitted that the idea of the Central Bank diversifying the foreign exchange reserve currency originated with the International Monetary Fund, which named Nigeria as a prime candidate for the initiative. He also mentioned that the idea was feasible given that China was taking the lead in international trade as the global economy's dynamics continued to evolve. But why is Nigeria considering a pivot towards the Yuan, given its longstanding use of the U.S. dollar as a reserve currency?

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President Tinubu wades in to broker peace in Rivers State while warring parties agree to a joint resolution of the crisis.

President Bola Tinubu met with all of the key players in the political crisis in Rivers state to broker peace.

At the end of that meeting which was held behind closed doors under his watch, a joint resolution was arrived at by all parties with the national security adviser Nuhu Ribadu in attendance.

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A feeling of reassurance and relaxation appears to be coming the way of Rivers State helmsman, Siminalayi Fubara. A High Court in Port Harcourt, has ordered the factional Speaker of the State House of Assembly, Edison Ehie, ,loyal to the Governor, to preside over the activities of the legislative arm, pending the determination of the motion before it. A legislative overhang though, is the order, restraining the defendants and second claimant, either by acting by themselves, or through their agents, from further use of the damaged Assembly complex, until it is fixed

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After President Biden's first face-to-face meeting as president with Russian President Vladimir Putin, ABC News reporter Rachel Scott pushed Putin for an answer as to why his political opponents are “dead, in prison, or poisoned” during a June 16 summit in Geneva. Read more: https://wapo.st/3q2LM3c. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK

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