The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...

Apple’s new iPhone 16e will be significantly more affordable in Nigeria, priced at N898,500, which is N300,000 less than the standard iPhone 16, which retails for around N1.19 million. This new budget model, aimed at attracting middle-tier customers, will be available for pre-order from February 21, with actual availability set for February 28. The iPhone 16e is part of Apple’s...

In a significant political development, Dr. Yunusa Tanko, the Interim National Coordinator of the Obidient Movement, announced the commencement of a partial campaign for Peter Obi's 2027 presidential bid on February 25, 2025. Tanko, who previously served as the spokesperson for the 2023 Obidient Movement, made this announcement via a tweet on X (formerly Twitter), stating: "Kindly join us as we...

Nigeria’s struggling economy has claimed another casualty as education technology startup Edukoya shuts down after three years in operation. Despite raising Africa’s largest pre-seed funding of $3.5 million in 2021, the startup says poor infrastructure and harsh economic conditions have made it impossible to scale. In a statement obtained by Your Tech Blogger on Wednesday,...

On Thursday, March 13, Peter Obi shared his thoughts with journalists following a meeting with Bauchi State Governor, Bala Mohammed. Obi took the opportunity to discuss the ongoing economic challenges under President Bola Tinubu's administration, offering a sharp critique of the current situation in comparison to the previous leadership of Muhammadu Buhari. Obi pointed out that Tinubu had...