The Bank of Tanzania has announced a sweeping ban on the use of foreign currencies, including the US dollar, in all local transactions and payments across the country. The landmark directive, published in the Government Gazette on March 28, 2025, introduces new foreign exchange regulations mandating that all goods and services within Tanzania be priced and settled exclusively in Tanzanian Shillings (TZS). This move is part of the government’s strategy to stabilize the national currency and curb the depreciation pressure that has troubled the economy in recent months. “The use of any foreign currency for domestic transactions is now prohibited,”…
Author: TheStories
A violent clash between Fulani herders and local hunters in Gidan Ori Kajan village, Matari district of Kaduna State, has left one man dead. The incident, which occurred on May 3, 2025, reportedly involved a group of hunters from Wucicciri village in Zaria who stormed the Fulani settlement armed with sticks, cutlasses, swords, and accompanied by dogs. The confrontation is believed to have stemmed from a long-standing dispute. Haladu Saidu, 50, sustained a fatal head injury during the altercation and was rushed to the Maigana Health Center, where he was confirmed dead. At the family’s request, his body was released…
Nigerian workers may soon have more money in their pockets, thanks to proposed tax reform bills designed to ease financial pressure and promote economic growth. Dr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed that the reforms, when passed into law, will offer direct benefits to millions of Nigerians, particularly low- and middle-income earners. One of the headline provisions is the full exemption from Pay As You Earn (PAYE) tax for individuals earning up to ₦1.3 million per year—or just over ₦100,000 monthly. This measure alone is expected to positively impact at least…
In Nigeria, tragedy has long ceased to be news—it is the norm. A road crash here, a building collapse there, a market razed by fire, yet another tanker explosion. These events have become so common that their recurrence is met not with shock, but with resignation. In moments of helplessness, many Nigerians have surrendered logical explanations and turned instead to the mystical. It’s easier—perhaps even comforting—to blame “end time” signs or divine punishment for our collective sins than to wrestle with the truth: our tragedies are mostly man-made, preventable, and worsened by systemic failure. By Bagudu Mohammed As religious movements…
Nigeria’s current policy direction must be recalibrated to achieve inclusive growth, national security, and long-term stability, says Prof. Chiwuike Uba, a development economist and Chairman of the Board at the ACUF Initiative for Policy and Governance. In a statement released on Friday, Prof. Uba offered a compelling critique of Nigeria’s fiscal and development strategies, calling for urgent reforms across key sectors of the economy. He argued that the country cannot continue on its present trajectory without risking deeper socioeconomic dislocations. “Recalibrating Nigeria’s policy priorities is no longer optional—it is an urgent imperative if we are to achieve inclusive growth and…
The recent collapse of the CBEX digital asset trading platform, which reportedly resulted in the loss of over ₦1.3 trillion in investor funds, is not just another unfortunate episode of financial fraud—it is a national crisis and a resounding indictment of the structural weaknesses within Nigeria’s financial oversight architecture. The CBEX incident must serve not merely as a cautionary tale but as a clarion call for comprehensive and strategic reform of the country’s regulatory and investor protection systems. By Prof. Chiwuike Uba Despite CBEX’s outrageous promise of 100% return on investment in just 30 days, the platform operated publicly, unchecked,…
In today’s world, where glitz and glam dominate the social landscape, many relationships are quietly being choked by the silent weight of materialism. Couples fall in love with beautiful dreams but often find themselves struggling under the burden of unrealistic expectations—expectations shaped by peer pressure, social media facades, and a culture that mistakenly equates worth with wealth. Love stories that begin with genuine emotion increasingly find themselves challenged by the constant pressure to provide, to impress, and to match the standards set by curated images and videos on social media. Whether spoken or unspoken, the desire for more—more comfort, more…
All the talk in the political arena, right now, is about the elections in 2027, two years away: how Tinubu is going to win a 2nd term in office or how a coalition fronting Peter Obi or Atiku is going to unseat him. 2027 is still a good two years away, and what the President was supposedly elected to do in his first term, he hasn’t even scratched the surface of it, apart from indulging in the usual blame-game on his predecessor, complaining about lack of funds and presiding over party-in-fighting. And just like Nero played the fiddle while Rome…
Sokoto State Governor, Ahmed Aliyu, has announced the recovery of the misappropriated N30,000 Sallah gifts that were originally allocated to local government staff and primary school teachers. He disclosed while addressing labour unions during the 2025 Workers’ Day celebration held on Thursday at the Giginya Stadium, Sokoto. Governor Aliyu assured workers that the recovered funds would soon be disbursed to the rightful beneficiaries, following established procedures for the distribution of the Sallah largesse. It would be recalled that during the 2024 Eid-el-Adha celebrations, the governor approved a N30,000 goodwill payment for all civil servants in the state to cushion festive…
Governor Ahmed Aliyu of Sokoto State has reiterated his administration’s commitment to worker welfare, highlighting a series of landmark achievements aimed at improving the lives and productivity of civil servants across the state. Speaking during the 2025 International Workers’ Day celebration, Governor Aliyu praised the dedication and contributions of workers in the state, describing them as the backbone of governance and development. “Since we came on board, we have taken bold and deliberate steps to reinvigorate the civil service,” the governor said. “It is the engine room of any government, and no administration can succeed without its workforce’s active support…