Author: Prima News

For years, Nigeria’s foreign exchange market has been shaped as much by uncertainty as by supply and demand. Importers complained about delays and documentation bottlenecks. Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels. Investors worried about policy reversals and access to foreign exchange. The banks found themselves navigating changing regulations, multiple directives, and periods of market stress. Against that backdrop, the launch of the fourth edition of the CBN’s Foreign Exchange Manual represents more than a regulatory update. It is the latest stage in a broader effort by monetary authorities to build a foreign…

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I believe that forgiving them is God’s function; our job is to arrange the meeting — Herbert Norman Schwarzkopf Jr., US Army General. By Ebele Orakpo When Mrs. Liyatu Simon Tawasu recalls the Boko Haram attack on her village of Gwallam in Borno State, the pain remains fresh more than a decade later. On October 1, 2014, insurgents stormed the community, killing scores of residents, including 15 members of her extended family. Her uncles were executed before their wives, while survivors returned days later to bury bodies abandoned in the open. “The pillars of my village are gone. I am a…

The federal government has intensified health screening at the country’s airports, seaports and land borders, announcing that travellers identified as high-risk or displaying symptoms associated with Ebola and other viral haemorrhagic fevers will be subjected to secondary screening, isolation and referral procedures. The move comes amid growing concerns over the ongoing outbreak of the Bundibugyo strain of Ebola virus disease in parts of East and Central Africa and forms part of a broader national preparedness strategy aimed at preventing the disease from entering Nigeria. In a statement issued on Tuesday, signed by the Assistant Director of Press and Public Relations,…

Napoli forward Romelu Lukaku scored on his first international appearance in more than a year as Belgium beat Croatia 2-0 on Tuesday in Rijeka in a World Cup friendly. Lukaku found the net in the 96th minute, having been missing since September 2025 due to injury, in the Red Devils’ penultimate match before their tournament opener against Egypt on June 15. The 33-year-old has played just 64 minutes for his club this season due to a hip niggle. Croatia, World Cup semi-finalists in 2022, and a strong side including captain Luka Modric wearing a mask due to injury, end their…

Matthias Schmale condemned the large-scale Russian assault on the capital Kyiv, as well as Dnipro and Kharkiv, which marked the third time they have been struck in as many weeks.  “Instead of enjoying the start of the school summer break, children and their families spent the night in underground shelters, woken up by air raid sirens, explosions and uncertainty,” he said. UN Secretary-General António Guterres strongly condemned the attack, his Spokesperson Stéphane Dujarric told journalists in New York.He reiterated the Secretary-General’s urgent appeal for immediate de-escalation leading to a full, immediate and unconditional ceasefire.Over 600 missiles and drones deployedWhile Kyiv and Dnipro were among the…

Most times when people talk about leadership, they focus on skills like vision, charisma, innovation, confidence and strategic thinking. These skills are important. After all, it is almost impossible to find anybody who wants to follow a leader who lacks direction and conviction. However, another skill subtly supports all of them but is usually ignored. When it is missing, even the most brilliant leaders struggle to achieve their goals. That skill is clarity. Clarity is one of the most powerful communication tools a leader can possess, yet it remains one of the most underrated. Many people do not notice it…

Nigerian companies are accelerating the adoption of digital procurement platforms as they seek to reduce costs, improve transparency in ICT and gain better visibility into supplier risks amid an increasingly complex business environment. The push toward technology-driven procurement emerged as a key theme at the inaugural Digital Procurement Africa Summit held in Lagos recently, where procurement executives, supply chain leaders and technology providers discussed how digital tools and artificial intelligence are reshaping corporate purchasing decisions across Africa. The summit, an invite-only gathering of procurement executives from large enterprises, highlighted growing interest among businesses in automating procurement processes that have traditionally…

Oyo State Governor, Seyi Makinde, showed his political influence on Tuesday as six members of the House of Representatives, Oyo caucus, loyal to him, dumped the Peoples Democratic Party for the Allied Peoples Movement. At the resumption of plenary following the Sallah break, Speaker of the House of Representatives, Tajudeen Abbas, who presided over the session, read 13 letters announcing the change of parties by lawmakers. Recall that Makinde, a few weeks ago, defected to the APM, on which platform he has already declared to run for the presidential election in 2027. The members of the Oyo House of Representatives…

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