The Chartered Institute of Treasury Management (CITM) on Friday called on the Central Bank of Nigeria (CBN) to consider partially backing the Naira with gold reserves as a means of stabilising the currency. The Institute’s Registrar, Mr Adedoyin Olumide, who made the call during an interview in Abuja outlined a strategic approach to restoring confidence in the Naira. He spoke on the theme: ‘Strengthening the Naira Through Partial Gold Reserve and Gold Sovereign Wealth Fund: A Clarion Call to Monetary Authorities’. He noted that although Nigeria does not operate a gold standard, the Central Bank of Nigeria (CBN) could implement a…
Author: TheStories
Lee Jae-myung, presidential candidate of South Korea’s majority liberal Democratic Party, led a poll for the June 3 snap presidential election, a Flower Research survey showed on Friday. Lee came out on top with a support rate of 50.5 per cent, taking a big lead over Kim Moon-soo, the second-biggest conservative People Power Party’s presidential candidate, who garnered 30.3 percent of support. The human rights lawyer-turned-politician maintained his position as a presidential frontrunner in the June 3 election, triggered by the removal of former President Yoon Suk-yeol from office over his botched martial law imposition last December. Lee lost the…
A federal judge on Thursday blocked the Trump administration from dismantling the Department of Education, marking the first time a judge declared the administration’s extensive changes to the department unlawful. Judge Myong Joun from the U.S. District Court for the District of Massachusetts, who former President Joe Biden appointed, issued a preliminary injunction prohibiting the administration from dismissing half of the department’s employees. It also prevented the department from shifting the management of federal student loans to the Small Business Administration. U.S. President Donald Trump has long criticised the department, arguing that in spite of significant federal investment in education,…
Former Kogi State Governor Yahaya Bello has dismissed claims suggesting he is nursing a presidential ambition ahead of the 2027 elections, describing such reports as false and misleading. In a statement issued on Friday by his Media Director, Michael Ohiare, Bello said he remains fully committed to the re-election of President Bola Tinubu and has no intention of contesting against him. The clarification follows the circulation of a video purportedly showing Bello launching a 2027 campaign rally. The video, however, was from a 2022 event. “While we state categorically that our principal, Yahaya Bello, has no 2027 presidential ambition, we…
The Zamfara State Governor, Dauda Lawal, on Thursday, officially launched the State Food and Nutrition Policy and commissioned a state-of-the-art Nutrition Warehouse with support from the UK Foreign, Commonwealth & Development Office (FCDO). The launch is in a landmark step towards improving food security and advancing sustainable nutrition. During the event, Governor Lawal reaffirmed his administration’s commitment to tackling malnutrition and improving child health, announcing a N500 million counterpart fund towards the Child Nutrition Fund (CNF). He also expressed readiness to review a policy proposal to extend maternity leave for working mothers to six months, signaling a progressive move towards…
Barely one week to the second-year anniversary of President Bola Ahmed Tinubu and Comrade Governor Nasir Idris’ administrations, the major stakeholders of the All Progressives Congress (APC) in Kebbi State have endorsed the candidatures of the two leaders for the 2027 general elections. By Abdullahi Idris Zuru The endorsement, which appears to be final, may rule out the possibility of any party member in the state aspiring for the positions in 2027. What could be considered a unanimous decision was reached during a stakeholders’ forum meeting in Birnin Kebbi, held for the formal reception of three People’s Democratic Party (PDP)…
The Minister of Defence of Nigeria, Mohammed Badaru Abubakar, has called for stronger collaboration among African air forces and greater investment in advanced aerospace technologies to confront the continent’s growing security challenges. Speaking at the opening of the 4th African Air Forces Forum in Lagos, which convened Chiefs of Air Staff and aerospace leaders from over 30 nations, the minister emphasized the importance of unity, innovation, and strategic partnerships in responding to evolving regional and global threats. “We are confronted by multidimensional threats that transcend borders and defy traditional responses. Terrorism, transnational crime, and maritime insecurity demand robust, collective action…
We like to lie to ourselves in this country. We clutch tight to sentimental stories of a united Nigeria and pretend that tribalism is a political invention, conjured up by greedy elites. “It’s the politicians,” we say, “they are the ones dividing us.” And to prove our innocence, we share tales of solidarity: how strangers rush to save victims of a fire or accident, how people of different tribes mourn a lost child like their own. We showcase those fleeting moments of shared humanity as if they erase centuries of deep, complex mistrust. But beneath the surface of those touching…
In the academic and public service landscape of Northern Nigeria, Professor Muhammad Bashar Nuhu Tachi—fondly known as Shattiman Minna da Kuta—stands out not for loud speeches or political posturing, but for a quiet, principled dedication to service, knowledge, and reform. By Abubakar Abdullahi el-Kurebe The first Professor of Estate Management and Valuation in Northern Nigeria, Prof. Tachi is a trailblazer in a field that has grown to become vital for national development. His academic journey, marked by resilience and excellence, broke new ground for estate management in the region, giving Northern voices a place in critical conversations around land use,…
In the heart of Kaduna State, nestled within the vibrant tapestry of Zaria, lies the Tukur-Tukur community—a microcosm of hope and aspiration, often referred to as the “spoiled child” of the Speaker of the House of Representatives, Tajudeen Abbas. This characterization, while perhaps tinged with a degree of irony, encapsulates the profound impact of political benevolence on a community that has become emblematic of the benefits and challenges of democratic governance. As Tukur-Tukur basks in the largesse of a representative committed to uplifting his constituents, it is imperative to explore the dimensions of this relationship, the tangible benefits accrued, and…