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Video of the Ooni of Ife standing to greet billionaire Obi Jackson sparks uproar online

The Lagos skyline seen from the water
Stock image: kopee15 / Wikimedia Commons, Public domain

A video of the Ooni of Ife rising to greet businessman Obi Jackson has gone viral and divided Nigerians online. Some say it was a simple courtesy, while others question the protocol for a monarch of his stature.

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The Lagos skyline seen from the water
Stock image: kopee15 / Wikimedia Commons, Public domain

Naira posts fresh losses as CBN adjusts the dollar rate, despite $55.2bn in reserves

The Central Bank of Nigeria has adjusted its official dollar exchange rate, and the naira has recorded fresh losses. This comes even though the country's foreign reserves are reported at $55.2 billion. Analysts are watching how the currency moves in the coming days.