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Wedding“Tinubu Signs Nigerian Ports Economic Regulatory Agency Act” — Gives Shippers’ Council Full Legal Backing To Regulate Tariffs, Charges“Ghana Police Arrest Nigerian, Kill Two In Alleged Foiled Bank Robbery” — GCB Denies Attempt At Its Branch As Vehicle Record Raises Questions“Keyamo Gives Airlines One Week To Agree Repayment Plans For Outstanding 5% Ticket Sales Charges” — Orders Unions Direct Access To Workers“NAICOM Clears Seven More Insurers, Brings Recapitalisation Exercise To Conclusion” — 50 Firms Meet Revised Capital Requirements“Orders Police To Investigate Fadahunsi Over Alleged ‘Kill Accord Members’ Remark” — Report Due Within Two Weeks“Hazardous Gases, Pollution Detected In Bille Community” — Reps Demand Urgent Action Over Nine-Month Gas Seepage“Court Throws Out Trump’s Suit Against Harvard” — Says Alleged Incidents Too Isolated To Prove Civil Rights ViolationsVIDEO: “Pelosi Denies Knowing Extent Of Biden’s Decline While President” — Faults Those Who ‘Should Have Acted 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Paraded Himself As Commission Officer“Kano People Do Not Support Divisive Remarks” — Kwankwaso Condemns Sheikh Jingir’s Muslim-Muslim Ticket Comment Ahead Of 2027“FG Deploys Passport Intervention Team To UK” — NIS To Clear Pending Applications, Process Renewals For Nigerians In Diaspora“Police Kill Suspected Bandit Kingpin ‘Acid’ Linked To Imo Monarch’s Murder” — Recover AK-47, 56 Rounds Of Ammunition“NUPRC Approves Over $57bn Field Development Plans” — Says 22 Offshore Projects Could Attract Up To $50bn By 2030“Greenwich Merchant Bank Transforms Into Commercial Bank” — New Licence Expands Services To Retail, SMEs, Public Sector“Plateau Crisis Is About Identity, Land, Justice And Belonging” — Jang Says Unresolved Grievances, Leadership Failures Fuelled Decades Of Violence“NRS, JRB Issue New Guidelines On Crypto P2P Taxation” — VASPs To Withhold 1% On Virtual Asset Disposals“Lagos Police Probe Death Of Nigerian Law School Student At Victoria Island Hostel” — 23-Year-Old Allegedly Fell From Rooftop“Meter Manufacturers Drop Suit Against 1.55m Smart Meter Imports” — AMMON Says FG Talks Resolved Dispute In National Interest“NAF Airstrike Kills Nine ISWAP Fighters In Sambisa Forest” — Says Key Commander Abu Khalid Al Muhajir Neutralised In Precision Operation“INEC Extends Deadline For Parties To Submit 2027 Governorship, Assembly Candidates” — Suspends PVC Collection In Osun Ahead August 15 Poll“I Helped 10 Pregnant Women Deliver Babies Bare-Handed In Captivity” — Rescued Kwara Nurse Recounts Six-Month Ordeal With Terrorists“Court Orders Lagos Administrator-General To Take Over Labode Akindele’s Estate” — Late Billionaire’s Son Challenges Validity Of Will[REVEALED] NBA President Osigwe Rejected Ulegede’s 2015 Petition Against Gadzama, Says “No Basis To Further Inquire Into The Matter”“US Court Confirms Divorce Settlement Against Nigerian-Born Simon Guobadia” — Grants Porsha Williams Atlanta Mansion, $1.57m Reimbursement And Rolls-Royce Title“Ejike Ezenwa SAN Tours 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Court Jails Baros, Injay, Suleimon, Sholanke“Ghana Court Convicts Two Nigerians Ndifon, Akong ” — Sentences Them To 20 Years Each For Trafficking 11 Compatriots“Court Sentences Final-Year Student To 25 Years For Rape Of 10-Year-Old Girl” — Orders His Arrest, Directs University To Withhold Certificate“Fraudster Is Using Justice Kanyip’s Identity To Seek Contracts And Payments” — National Industrial Court Warns Public“Only Lazy People Depend On Markets For Food” — Senator Nwaebonyi Tells Nigerians To Embrace Farming Amid Rising Prices“12-Hour Flight Delay Amounted To Breach Of Contract” — Court Orders Dana Air To Pay Lawyer ₦5.5m“Court Sentences Abdulshakur Tukur, Abdullahi Buba To Death By Hanging” — Convicted Over Ahmad Yakubu’s Murder“Army Graduates 1,178 Troops For Counter-Terrorism Operations” —Says Graduates Will Strengthen Newly Created Formations“Zamfara APC Senatorial Ticket: Court Reserves Judgment For August 31” — Shinkafi Challenges Ya’u’s Emergence“I’m Embarrassed A Lawyer 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Sat. Aug 15th, 2026
Trending News: “Court Freezes Ise Kingdom Obaship Process In Lagos” — Bars Govt From Acting On Purported Oba-Elect Nomination“Cambridge’s Youngest Black Professor Jason Arday Found Dead At 41” — Death Comes Days After Resignation Amid Plagiarism Allegations“Suleja Crackdown: Police Arrest 139 Suspects, Arraign 64” — Recover Cutlasses, Knives, Live Cartridges“Atiku, ADC Drag Tinubu To Federal High Court Over Alleged NYSC Certificate Forgery” — Seek Disqualification From 2027 Presidential Election“Vandals Bring Down Five TCN Towers In Akwa Ibom, Seven More At Risk” — Ibom Power Left Without Supply As TCN Begins Emergency Repairs“Anyone Who Is Making Money From Politics Is An Evil Person” — Melaye Says 90% Of Nigerian Politicians Have No Second Address“Court Remands Ex-NBA Shendam Chairman Tsenyen In SSS Custody” — To Decide If Fresh Cyberstalking Trial Amounts To Double Jeopardy“Ronaldo, Georgina Sign Prenuptial Agreement To Keep Assets Separate” — Details Emerge After Private Portugal Wedding“Tinubu Signs Nigerian Ports Economic Regulatory Agency Act” — Gives Shippers’ Council Full Legal Backing To Regulate Tariffs, Charges“Ghana Police Arrest Nigerian, Kill Two In Alleged Foiled Bank Robbery” — GCB Denies Attempt At Its Branch As Vehicle Record Raises Questions“Keyamo Gives Airlines One Week To Agree Repayment Plans For Outstanding 5% Ticket Sales Charges” — Orders Unions Direct Access To Workers“NAICOM Clears Seven More Insurers, Brings Recapitalisation Exercise To Conclusion” — 50 Firms Meet Revised Capital Requirements“Orders Police To Investigate Fadahunsi Over Alleged ‘Kill Accord Members’ Remark” — Report Due Within Two Weeks“Hazardous Gases, Pollution Detected In Bille Community” — Reps Demand Urgent Action Over Nine-Month Gas Seepage“Court Throws Out Trump’s Suit Against Harvard” — Says Alleged Incidents Too Isolated To Prove Civil Rights ViolationsVIDEO: “Pelosi Denies Knowing Extent Of Biden’s Decline While President” — Faults Those Who ‘Should Have Acted Sooner“Tax Ombud To Launch Taxpayer Bill Of Rights And Obligations” — Seeks Liaison Officers In Revenue Agencies“EFCC Prosecutes Woman Over Alleged ₦42.345m PMS Supply Deal” — Court Sets Review Of Facts, TrialPresidential Working Group Seeks Wider Input On National Policing Bill” — Extends Memoranda Deadline By August 21“We Will Use Fadahunsi As An Example To End Politicians’ Impunity Over Electoral Violence” — Amnesty International“Federal High Court Could Not Override Supreme Court On SDP Leadership” — Court Of Appeal Voids Judgment Recognising Gabam“US Arrests 11 Over Alleged 1,000 Sham Marriages For Green Cards” — DOJ Says Foreign Nationals Paid Up To $100,000 Each“US Media Groups Sue Trump Over Paid Early Access To Truth Social Posts” — Call Scheme ‘Corrupt And Unconstitutional’“Court Nullifies Dissolution Of PENGASSAN Chevron Executives, September 2025 Elections” — Orders Fresh Poll Within 30 Days“Wike Orders Immediate Closure Of Secretariat For Sale Of FG Houses In FCT” — Creates New Division In Land Administration Department“NDC Ticket Dispute Deepens In Peter Obi’s Anaocha 1 Constituency” — Ogbuefi, Okoye Await INEC List“Court Remands Damilola Shoyemi In Kirikiri Over Alleged Cyberbullying” — Faces Charges Over Death Threats Against Mohbad’s Widow And Son“Issues Already Joined”—Court Rejects Oyerinmade’s Bid To Withdraw Suit, Dismisses Challenge To Adefiranye’s APC Ticket“Nigeria Fails US Fiscal Transparency Test” — Report Says Actual Revenues, Expenditures Audit And Procurement Do Not Match Approved Budget“Adeleke Campaign Spokesman, Pelumi Olajengbesi, Esq., Threatens ₦10bn Defamation Suit Against Senator Fadahunsi” — Over Alleged Cult Sponsorship Claims“EFCC Invites Insurance Commissioner Over Alleged ₦30bn Recapitalisation Fees, 1% Capital Charge” — NICON, Nigeria Re Question Legal Basis“We Weaponise Religion And Division For Political Advantage, Leaving Permanent Damage” — APC Chairman Yilwatda Warns Politicians“Atiku Raises Alarm Over BVAS Running On Outdated Android 10” — Calls For Independent Audit Ahead Of 2027 Elections“Delta To Introduce Biometric Criminal Database For Persons Charged With Offences” — AG Ohwovoriole Says System Will Boost Security“It Is A Crime To Do That And Whoever Does That Should Be Arrested,” Says NCAA DG, Achimugu, On Bus Parked On Lagos Airport Airside“Justice Nwagboso Altered His Judgment After Delivery” — Odinkalu Says Imo Judge Was Among Nine Compulsorily Retired For Age Falsification“Students’ Data Allegedly Used To Open Bank Accounts Without Lawful Basis” — NDPC Begins Forensic Probe Of UNILAG, Lotus Bank, Hackerbella“Professors Now Aid Illiterates To Rig Elections, SANs Defend Forgery” — Peter Obi Laments Decline Of Nigeria’s Democracy“Former PENGASSAN President and UN Global Mediator Panel Member”— Louis Brown Ogbeifun To Speak At ICMC Conference”“Emir Sanusi Has No Carry-Over, Viral Claim Is False And Baseless” — Northwest University Kano Warns Against Defamatory Posts“Nigerian Law School Confirms Death Of Student Who Fell From Lagos Campus Hostel Rooftop” — Says Family’s Privacy Should Be Respected“EU Has Not Rejected INEC’s Invitation For 2027 Election Observation” — Ambassador Says Reports Are Speculative, Confirms Expert Mission To Nigeria“Trump Moves To Cut Universal Childhood Vaccine Recommendations” — Executive Order Draws Backlash From Doctors, Legal ExpertsAsset Forfeiture: Need To Establish Legitimacy Of Purchase FundsThe Advocate — Like NBA, Like Osun: Issues In Election Credibility“We Were Still Mobilising Officers; There Was No D-Day” — Col Ma’aji Says Alleged Coup Plot Was Driven By “Patriotism,” Seeks Pardon“Mali Army Says 40 Jihadists Killed In Attack On Military Base” — JNIM Claims Assault As Security Situation Worsens“AI Will Expand Human Capabilities, Not Make People Irrelevant” — Zuckerberg Says Invention, New Businesses Will Shape Future Of Work“EFCC Arrests Fake Operative In Maiduguri Over Alleged ₦3m Fraud” — Recovers Money, Says Suspect Paraded Himself As Commission Officer“Kano People Do Not Support Divisive Remarks” — Kwankwaso Condemns Sheikh Jingir’s Muslim-Muslim Ticket Comment Ahead Of 2027“FG Deploys Passport Intervention Team To UK” — NIS To Clear Pending Applications, Process Renewals For Nigerians In Diaspora“Police Kill Suspected Bandit Kingpin ‘Acid’ Linked To Imo Monarch’s Murder” — Recover AK-47, 56 Rounds Of Ammunition“NUPRC Approves Over $57bn Field Development Plans” — Says 22 Offshore Projects Could Attract Up To $50bn By 2030“Greenwich Merchant Bank Transforms Into Commercial Bank” — New Licence Expands Services To Retail, SMEs, Public Sector“Plateau Crisis Is About Identity, Land, Justice And Belonging” — Jang Says Unresolved Grievances, Leadership Failures Fuelled Decades Of Violence“NRS, JRB Issue New Guidelines On Crypto P2P Taxation” — VASPs To Withhold 1% On Virtual Asset Disposals“Lagos Police Probe Death Of Nigerian Law School Student At Victoria Island Hostel” — 23-Year-Old Allegedly Fell From Rooftop“Meter Manufacturers Drop Suit Against 1.55m Smart Meter Imports” — AMMON Says FG Talks Resolved Dispute In National Interest“NAF Airstrike Kills Nine ISWAP Fighters In Sambisa Forest” — Says Key Commander Abu Khalid Al Muhajir Neutralised In Precision Operation“INEC Extends Deadline For Parties To Submit 2027 Governorship, Assembly Candidates” — Suspends PVC Collection In Osun Ahead August 15 Poll“I Helped 10 Pregnant Women Deliver Babies Bare-Handed In Captivity” — Rescued Kwara Nurse Recounts Six-Month Ordeal With Terrorists“Court Orders Lagos Administrator-General To Take Over Labode Akindele’s Estate” — Late Billionaire’s Son Challenges Validity Of Will[REVEALED] NBA President Osigwe Rejected Ulegede’s 2015 Petition Against Gadzama, Says “No Basis To Further Inquire Into The Matter”“US Court Confirms Divorce Settlement Against Nigerian-Born Simon Guobadia” — Grants Porsha Williams Atlanta Mansion, $1.57m Reimbursement And Rolls-Royce Title“Ejike Ezenwa SAN Tours L.I.B.I Estate, Commends Lawyers’ Mass-Housing Investment Scheme” — AGC Promo Offers Plots From ₦24.5m, Prices To Rise After Conference“Lack Of Electricity Makes Population Double In Nigeria” — Fayose Says Darkness Leaves Rural Residents With Few Night-Time Alternatives“EFCC Can Freeze An Account For 72 Hours, But A State’s Statutory Account Is Different” — Ubani Says Govt Actions Are Subject To Citizens’ Scrutiny“Bank Of America Spends Over $250m Yearly On Weight-Loss Drugs For Employees” — CEO Says GLP-1 Coverage Is A Good Investment Despite Rising Costs“Police Report Implicates Budget Office, OAGF, HoS Officials In Fake DG’s ₦400m Fraud” — Seeks DPP Advice On Prosecution Of Five Govt Officers“The EFCC Froze Three Osun Government Accounts, Not One,” Court Document Reveals Wider Scope Of The Freeze“Tinubu, Wike, Akume, Others Allegedly Listed As PFIPC Board Members” — Reps Query FRSC Over Seven Official Number Plates“Trading Naira Notes, Off-Market Forex Cost Four Their Freedom” — Court Jails Baros, Injay, Suleimon, Sholanke“Ghana Court Convicts Two Nigerians Ndifon, Akong ” — Sentences Them To 20 Years Each For Trafficking 11 Compatriots“Court Sentences Final-Year Student To 25 Years For Rape Of 10-Year-Old Girl” — Orders His Arrest, Directs University To Withhold Certificate“Fraudster Is Using Justice Kanyip’s Identity To Seek Contracts And Payments” — National Industrial Court Warns Public“Only Lazy People Depend On Markets For Food” — Senator Nwaebonyi Tells Nigerians To Embrace Farming Amid Rising Prices“12-Hour Flight Delay Amounted To Breach Of Contract” — Court Orders Dana Air To Pay Lawyer ₦5.5m“Court Sentences Abdulshakur Tukur, Abdullahi Buba To Death By Hanging” — Convicted Over Ahmad Yakubu’s Murder“Army Graduates 1,178 Troops For Counter-Terrorism Operations” —Says Graduates Will Strengthen Newly Created Formations“Zamfara APC Senatorial Ticket: Court Reserves Judgment For August 31” — Shinkafi Challenges Ya’u’s Emergence“I’m Embarrassed A Lawyer Would Claim Documents Were Forged When No Court Has Said So” — Ogala, SAN Faults Allegations Against Tinubu’s Credentials“Tinubu Turned EFCC’s Osun Account Reversal Into Cheap Political Point” — Maduabuchi SAN Says AGF, Not President, Should Have Quietly Directed Action“The Homeland Is Not For Sale” — Protesters Clash With Police As Argentine Senate Debates Controversial Property Bill“Tinubu’s EFCC Directive One Of His Best Decisions” — Prof. Agbazuere Says Commission Is Under Executive Powers Of President“Trump Orders Crackdown On Birth Tourism” — New Executive Orders Seek To Deny Citizenship To Children Of Some Non-Citizens Born In US“Ex-Finance Minister Kemi Adeosun’s Husband, Anthony, Dies At 62”— Family Remembers His Faith, Integrity And Service“Adeleke, Osun Sue EFCC, First Bank For ₦2bn Over Frozen Statutory Account” — Seek Immediate Unfreezing, Perpetual Injunction“How Do You Not Go Through Primary And Secondary Certification But You Have A University Degree?” — Odinkalu Says Supreme Court Enabled The President’s Record“The Courts Have Made Two Things Plain: Freeze Accounts Only On Court Orders, And The EFCC Has Limited Powers” — Says Prof. Ajayi, SAN“Court Restrains UNICAL VC, Others From Interfering With Chaplain’s Rights” — Orders Status Quo In Chapel Of Redemption Dispute“Abacha Loot Was No Hoax; Abdulsalami Should Apologise And Quit Peace Committee” — Falana Says His Own Decree Confirmed Illegal Forfeitures“Oyebanji Awards Full Scholarship To Ekiti Spelling Bee World Champion” — Gifts Damilola Adeolu, School, Coach ₦5m“Court Of Appeal Bars EFCC From Investigating Fayemi, Ekiti Officials Over State Accounts” — Says Commission Cannot Ignore Subsisting Judgment“Let Osun Remain Peaceful” — Davido Urges Voters To Reject Violence, Appeals To Uzodimma Against Election Interference“Human Rights, Security Must Go Hand In Hand” — AGF Inaugurates NHRC–Police Liaison Framework To Strengthen Accountability“Tinubu Administration Is Not Seeking A One-Party State” — Akume Pledges Respect For INEC, Continued Dialogue With Catholic Bishops“PSC Deploys Eight Commissioners Of Police To States” — Appoints AIG Auwal Mohammed As Police Academy Commandant“Police Arrest Fifth Suspect Over Killing Of UNIJOS Graduate” — Command Says Victim Was Tied To Pole, Tortured By Mob“Many Nigerian Airlines May Collapse Within 30 Days Without Urgent Intervention” — Onyema Warns FG“US Moves To Revoke Citizenship Of 25 Naturalised Americans” — Three Nigerians Named As DOJ Launches Largest Coordinated Denaturalisation Push
Sat. Aug 15th, 2026

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  • Naira
  • January 22, 2016
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The calls for the Buhari led administration to devalue the Naira hasn’t stopped, as ratings agency, Standard & Poor’s reiterated on Thursday that Nigeria will have to devalue its currency, saying it expected this to happen at some stage in 2016 and in gradual adjustments.

Analysts and investors have said that the devaluation of the Naira is long overdue for Nigeria, whose currency has been badly hit by the consistent crash in oil prices.

“Their line has been to try to hold it as much as possible, and they are trying to continue that policy…alongside the restrictions on imports as well,” said Ravi Bhatia, Director of Sovereign and International Public Finance at Standard & Poor’s.

“But at some point they are going to have to move, but I think they are going to try and do it incrementally and not (in) big jumps,” Bhatia told reporters in a briefing, adding he expected this to happen in one or two increments.

Bhatia also stated that because Brent crude accounts for about 95 percent of Nigeria’s foreign exchange earnings devaluation will only help a little, but it is not enough to solve all the problems.

“(Nigeria) is going to face a very tough year in 2016.”

The Director also saw government talk of shifting to non-oil revenue as “overstated” and not easy to do.

Reuters originally reported this.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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