The 8th Annual EMY Africa Awards in Ghana is drawing near, and in excitement for this magnificent occasion, EMY Africa hosted a weekend-exclusive soiree in Lagos, Nigeria. This splendid event took place at the esteemed Mercedes Benz showroom, adding a touch of glamour to the affair.
The distinguished platform, established by Mr Kojo Soboh, is entirely devoted to commemorating exceptional African men and personalities. This recognition is for their outstanding achievements, substantial contributions, and profound influence in driving constructive change across Africa and beyond. Notably, this tribute also extends to extraordinary women who are challenging established norms, with complementary awards that honour their remarkable pursuits.
With the theme “Stylish Billionaire,” attendees unequivocally embraced the essence of opulence, ensuring their fashion choices exuded a billion-dollar flair.
<div><img width="300" height="193" src="https://www.naijanews.com/wp-content/uploads/2025/04/Trump1-300x193.jpg" class="attachment-medium size-medium wp-post-image" alt="FG Sets Committee To Study Trump's Tariffs Impact On Economy" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2025/04/Trump1-300x193.jpg 300w, https://www.naijanews.com/wp-content/uploads/2025/04/Trump1-1024x658.jpg 1024w, https://www.naijanews.com/wp-content/uploads/2025/04/Trump1-768x493.jpg 768w, https://www.naijanews.com/wp-content/uploads/2025/04/Trump1-1536x986.jpg 1536w, https://www.naijanews.com/wp-content/uploads/2025/04/Trump1.jpg 2048w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Federal Government has set up a sub-committee to study the impacts of President Donald Trump‘s tariffs on the nation’s economy. Naija News reported that President Trump imposed a 14 percent tariff on goods from Nigeria into the United States. In response, the Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister […]</p>
<p>The post <a href="https://www.naijanews.com/2025/04/12/fg-sets-committee-to-study-trumps-tariffs-impact-on-economy/">FG Sets Committee To Study Trump’s Tariffs Impact On Economy</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<p><img width="515" height="359" src="https://www.naijanews.com/wp-content/uploads/2019/10/Mr.-Bismarck-Rewane.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Many Businesses May Collapse Over Energy, FX Crisis – Rewane" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2019/10/Mr.-Bismarck-Rewane.jpg 515w, https://www.naijanews.com/wp-content/uploads/2019/10/Mr.-Bismarck-Rewane-300x209.jpg 300w" sizes="(max-width: 515px) 100vw, 515px" /></p>
<h2>Renowned economist, <a href="https://www.naijanews.com/topic/bismarck-rewane/">Bismarck Rewane,</a> has dismissed claims suggesting that Nigeria's currency is cursed, instead explaining that the naira is merely undergoing a transition.</h2>
<p>Speaking on Channels Television’s Politics Today, the Managing Director of Financial Derivatives Company Limited addressed concerns amid widespread discussions about the naira's devaluation and the Central Bank of Nigeria's recent clarification that there are no plans to convert domiciliary account holdings worth $30 billion into naira.</p>
<p>Rewane acknowledged the challenges facing the Nigerian economy but emphasized that the situation with the naira does not have a one-size-fits-all solution.</p>
<p>He said, <em>“No, I don’t think the naira is jinxed. It is just a currency in transition. And you can see that in 2016, it was N499 per dollar. As of this afternoon (Monday), it was N1,468. It had dropped to N1,531 per dollar sometime last week and started finding its way back.</em></p>
<p><em>“So, we have tough days ahead. But the point is that you have to look at it in the context of the currency in transition to weigh its fair value.</em></p>
<p><em>“Some of the problems are structural, some are transit. So we have to understand it in that context. But you know that the fundamental problem with the naira is that any country that has high inflation and cost of living crisis will always have a weak currency.</em></p>
<p><em>“To address that, you have to look at it from a broad perspective. It is not one silver bullet that can solve all problems.”</em></p>
<p>Rewane added that,<em> “For instance, in 2004, it was $1.70 that will give you one pound. Today, it is about $1.27 that gives one pound. We have three types of systems.</em></p>
<p><em>“We have the fixed, floating and management exchange rates. In the world, 38 per cent of the currencies are called flexible exchange rates. Another 35 per cent is what you call the floating rate.”</em></p>
<p>The post <a href="https://www.naijanews.com/2024/02/06/naira-in-transition-not-jinxed-rewane/">Naira In Transition, Not Jinxed – Rewane</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<div><img width="300" height="214" src="https://www.naijanews.com/wp-content/uploads/2023/08/IMG_8232-300x214.jpeg" class="attachment-medium size-medium wp-post-image" alt="" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/08/IMG_8232-300x214.jpeg 300w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_8232-1024x731.jpeg 1024w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_8232-768x549.jpeg 768w, https://www.naijanews.com/wp-content/uploads/2023/08/IMG_8232.jpeg 1050w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The acting Inspector-General of Police, Olukayode Egbetokun, has officially met with the recently inaugurated Ministers of Police Affairs at the Ministry of Police Affairs. Naija News reports that the Police Chief met with the Minister of Police Affairs, Ibrahim Gaidam, and the Minister of State for Police Affairs, Imaan Suleiman-Ibrahim. The acting IGP was accompanied by […]</p>
<p>The post <a rel="nofollow" href="https://www.naijanews.com/2023/08/31/igp-egbetokun-meets-police-affairs-ministers-over-insecurity-photos/">IGP Egbetokun Meets Police Affairs Ministers Over Insecurity (Photos)</a> appeared first on <a rel="nofollow" href="https://www.naijanews.com">Naija News</a>.</p>
