During the 13th edition of the Annual Aare Afe Babalola Public Bar Lecture, legal luminary Aare Afe Babalola highlighted the harsh realities of economic hardship in Nigeria faced by legal practitioners.Â
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has expressed optimism about Nigeria's economic trajectory during the Ministerial Sectorial Press Briefing series in Abuja.Â
The naira has surged to N1,173.88 per dollar on the Nigerian Autonomous Foreign Exchange Market, (NAFEM) on Tuesday, May 28th, marking a remarkable increase of 14.09 percent from the previous day's rate.Â
According Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), it's Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%.Â
The Federal Ministry of Marine and Blue Economy has reported an increase in revenue for the first quarter of 2024, with N242 billion compared to N126 billion recorded in the same period in 2023, indicating an increase of 92 per cent.Â
As heatstroke is expected to peak as high as 50 degrees Celsius in the coming days, the National Hajj Commission of Nigeria (NAHCON) on Tuesday charged Nigerian pilgrims in Saudi Arabia for this year’s Hajj to drink a lot of water and avoid the sun as much as possible.Â