Author: Olaoluwa Vincent Ajayi

In a bid to explore economic challenges about countries and currencies, The New Daily Prime reports that the countries below have been using other countries’ currencies as legal tender In the intricate world of global finance, some nations have opted to adopt foreign currencies as their official legal tender. This phenomenon, often referred to as “dollarization” (when the U.S. dollar is involved), occurs due to various factors including economic instability, hyperinflation, and strong trade relationships. While this approach can stabilise economies and reduce inflation, it also limits a nation’s control over its own monetary policy. Ecuador In response to a…

In an era of growing financial volatility and global uncertainty, an increasing number of nations are adopting an unconventional strategy to stabilize their economies: embracing the U.S. dollar as their official currency. While the dollar remains the world’s dominant reserve currency, its role as legal tender beyond America’s borders is less well known — and increasingly significant. Several countries and territories now use the greenback as their primary currency, replacing their national units with what they see as a symbol of stability, international credibility, and economic integration. Why the Dollar? For countries plagued by hyperinflation, currency crises, or fragile institutions,…

The All Progressives Congress (APC) has declared that it will not grant automatic tickets to its members in the National Assembly ahead of the 2027 general elections, putting to rest growing speculation about special privileges for first-term lawmakers and recent defectors. This position was made clear by the party’s National Publicity Secretary, Barrister Felix Morka, who described reports suggesting the APC had promised automatic re-nomination as “fake news” and without foundation. “The report is fake and of mischievous origin. It should be disregarded in its entirety,” Morka stated. The clarification comes amid a wave of defections from opposition parties to…

Elon Musk faces deportation Call from Trump Ally Bannon. In a dramatic unraveling of one of America’s most powerful alliances, President Donald Trump and tech billionaire Elon Musk have entered into a highly publicized feud marked by personal insults, political divergence, and threats that may have economic ramifications far beyond their personal rift. Once seen as allies during Trump’s return to the White House in 2024, the relationship between the two figures has rapidly deteriorated following a political dispute over Trump’s flagship tax and spending legislation, dubbed the “Big Beautiful Bill.” The bill, which proposes slashing electric vehicle subsidies and…

In recent years, Nigeria has witnessed a steady increase in divorce cases. This challenges an established cultural and religious norm that traditionally accentuate the sanctity and permanence of marriage. While marriage is still significant across the country, economic hardships, varying social values, and generational shifts are gradually altering the way Nigerians view and experience wedlock. Divorce Trends According to recent statistics published by Divorce.com cited by The Nations Newspapers, Nigeria’s divorce rate stood at 2.9% in 2023. This figure, amounting to roughly 1.8 divorces per 1,000 people, may appear modest compared to some Western nations, but it marks a significant…

Dublin, Ireland – In a move that has sparked renewed attention on Europe’s immigration enforcement policies, the Republic of Ireland has deported 35 people, including five Nigerian children, on a chartered flight from Dublin Airport, following the rejection of their asylum applications. According to the Irish Times, the deportation, carried out on Wednesday, was overseen by the Garda National Immigration Bureau (GNIB) and involved 21 men, nine women, and five children. Authorities confirmed that the children were removed as part of family units. In a statement issued after the operation, An Garda Síochána stated that it “continues to work closely…

Trump Revives Travel Ban: 12 Countries Barred From Entering U.S., Including Seven African Nations In a sweeping and controversial move, U.S. President Donald Trump has reinstated a travel ban for 12 countries, citing national security concerns and the need to protect American interests. The executive proclamation, signed late Wednesday, marks a revival of one of Trump’s most contentious policies from his first term in office. The ban, which takes effect at 12:01 a.m. on Monday, impacts a wide swath of the globe, with a notable focus on African nations. Out of the 12 countries now fully barred, seven are located…

LONDON — In a case stirring debate over the intersection of national security and human rights, a Georgian asylum seeker who claims he was tortured and pressured to spy on Islamic State (ISIS) operatives has won the right to remain in the UK Migrant Avoids Deportation After Claiming He Was Targeted to Spy on ISIS— for now. The 41-year-old Muslim man, whose identity has not been disclosed for safety reasons, argued that he fled his native Georgia after security forces in the former Soviet republic attempted to coerce him into becoming an informant on Islamic extremists. According to the man,…

LAGOS — Pastor Tunde Bakare, the founder of the Citadel Global Community Church (The Latter Rain Assembly), recently visited President Bola Tinubu in Lagos to discuss the state of the country. The private meeting between the two leaders focused on national issues and Pastor Bakare’s desire to see Nigeria improve in his lifetime. Speaking after the visit, Pastor Bakare said his main reason for seeing President Tinubu was to share his vision for a better Nigeria. He said he wants to see real change and progress happen in the country while he is still alive. “Well, my visit to President…

What began as streetwise chatter echoing through the lively neighbourhoods of Lagos, Abuja, and Port Harcourt has now evolved into a global linguistic force—heard in everyday conversations from Harlem to Hackney, from London to New York. Fuelled by the meteoric rise of Afrobeats, Nollywood, and the growing influence of the Nigerian diaspora, local slang from West Africa’s most populous nation has crossed continents, shaping the rhythm, humour, and voice of a new global generation. From the viral “Wahala” (trouble) to the ever-popular “Japa” (to flee), Nigerian slang now appears in TikTok challenges, Instagram captions, pop lyrics, streetwear slogans, and even…