“I hope your daughter is safe” “We thank God. We are all fine. But which of my daughters do you have in mind?” “The one in California. When I read about the wildfires that destroyed over six areas in Southern California, it was you and your daughter that came to my mind. I called you but in your usual fashion, you don’t pick your calls and you are very bad at returning calls.” “Don’t mind me. Sometimes, I just get too busy for myself. But to God be the glory. The fires didn’t reach her own side of California. But…
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A recent report by Bayo Adedipe and Associates suggests the Naira will settle at N1,574/$1 in 2025. For context, the exchange rate closed in 2024 at N1,553/$1, marking only a slight shift. Nairalytics, the research arm of Nairametrics, projects the exchange rate will hover between +5% (appreciation) and -10% (depreciation), a range that qualifies as relatively stable, especially when compared to the 40% nosedive recorded in 2024. Most other projections echo this optimism, predicting a stable exchange rate in 2025. But what underpins this newfound confidence in the Naira? Let’s unpack the reasons. Firstly, some of the storm clouds that…
The most important global event yesterday, January 20, 2025, was the inauguration of Donald J. Trump, 45th President of the United States, now the 47th President of the United States in what has been correctly described as his second coming. Trump’s second coming should be taken in this literal sense, the United States allowing for a possible two terms in office as the limit for any President, in line with the 22nd Amendment (1951) in the United States Constitution. With his landslide victory in the Nov. 5, 2024 election, in which he defeated Democratic late-comer to the race, Vice President Kamala Harris, Trump…
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has expressed concerns regarding US President Donald Trump’s announcement to establish an external revenue service to impose taxes and tariffs on foreign countries. During his inauguration speech on Monday, President Trump announced the creation of an external revenue service to collect tariffs from foreign countries exporting goods to the United States. “I will immediately begin the overhaul of our trade system to protect American workers and families. Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,”…
The impending disconnection of Unstructured Supplementary Service Data (USSD) of nine commercial banks may not happen as the affected banks have now begun moves to settle their debt before the January 27th deadline. Sources within the telecom operators confirmed to Nairametrics that some of the banks had started paying part of their debt while those that are yet to start are calling for negotiation contrary to their defiant stand before the sanction was announced. This is even as the operators blamed the telecom regulator for dragging its feet in taking action which led to the accumulation of the debt to…
Bitcoin and other cryptocurrencies cooled off on Tuesday following the inauguration of Donald Trump as the 47th U.S. President, with his initial policy announcements making no mention of digital assets. Bitcoin, the world’s largest cryptocurrency, had surged to a record high of $109,071 on Monday during Trump’s swearing-in ceremony. However, by 10:01 GMT on Tuesday, it had dropped to $102,546.13, still reflecting a 9.5% gain for the month of January.The newly launched Trump-branded cryptocurrency also saw a steep decline. Initially priced at $6.50 during its Friday night launch, the token peaked at $75 on Monday, giving it a market valuation…
Nigeria “received” $4.928 billion for 828 climate-related projects, between 2015 and 2021, according to a report produced by Connected Development (CODE) in partnership with INKA Consult and Oxfam International. The announcement was made on Monday during the official launch of Oxfam’s 2025 Annual Davos Report on Inequality and the co-launch of the Climate Finance Report, attended by Nairametrics. In the report titled “The State of Climate Finance in Nigeria,” it was highlighted that the country faces significant challenges in mobilizing sufficient climate finance to meet its climate action goals. “Between 2015 and 2021, the country received $4.928 billion for 828…
President Bola Tinubu is currently meeting with Rivers State Governor Siminalayi Fubara and the Minister of the Federal Capital Territory, FCT Nyesom Wike, at the State House Abuja. Some Ogoniland leaders from four Local government areas of the state are also in the meeting. Although the details of the meeting cannot be ascertained at the moment, it may not be unconnected to the political crisis plaguing the state since late 2023. Some of the Ogoniland leaders sighted at the Council Chamber of the State House include Senators Lee Maeba, Magnus Abe, Olaka Nwogu, Victor Giadom, Kenneth Kobani, Monsignor Pius Kii,…
