Video - Burna Boy gives Jamie Carragher dancing lessons

Burna Boy gives former Liverpool player Jamie Carragher some dancing tips during 2023 Champions League final televison broadcast.

Video - At least 55 farmers killed in Nigeria

Nearly 55 people have been killed in Nigeria's central-northern state of Niger. Bandits have been blamed for the weekend attacks, which included the abduction of dozens of women and children. The attackers were said to have invaded villages in the Rafi Local Government Area, forcing residents to flee their homes. 

CGTN

Related story: Nigeria’s fragile security architecture is collapsing

Video - Is Nigeria's security crisis out of control?

 

 

Video - Community in Lagos celebrates Osimhen's record season in Football

Nigerian forward Victor Osimhen became the first African player to win the Italian Serie A Golden Boot after his 26 goals powered Napoli to the Scudetto. Osimhen is also the first player since 2009 to win the Italian Golden Boot and Scudetto in the same season. His record-breaking achievements sparked celebrations in one small community in Lagos. 

CGTN

Eurobonds rise in Nigeria after suspension of Central Bank governor

Nigeria’s sovereign dollar-denominated bonds rose sharply as overseas investors welcomed the suspension late last week of Central Bank governor Godwin Emefiele, who oversaw multiple exchange rates that unsuccessfully sought to keep the naira strong.

The price of the West African oil producer’s eurobonds rose on Monday as much as 2.6 cents in the dollar before moderating slightly with many issues reaching their highest prices since late January, according to the Reuters news agency.

Longer-dated maturities saw the biggest gains with the 2049 maturity up 2.353 cents to 80.231 at 07:46 GMT, according to Tradeweb data.

Nigeria is facing severe dollar shortages, forcing many people to seek out foreign currency on the black market, where the naira trades much lower than its official exchange rate.

“We believe the changes signal a new era of focused, predictable monetary policy and a shift towards non-interventionism in the foreign-exchange regime,” Barclays economist Michael Kafe said in a note to clients on Monday about the suspension of the Central Bank chief.

President Bola Tinubu had criticised Emefiele’s handling of the naira and monetary policy at his inauguration two weeks ago.

Tinubu, who has promised to reset Nigeria’s ailing economy, has also removed a fuel subsidy and promised to consolidate the multiple exchange rates.

“The haste with which the newly appointed president has begun to tackle the country’s economic challenges (e.g. the immediate removal of the fuel subsidy…) suggests that he is keen to pursue all the difficult reforms at the early stages of his term,” Kafe wrote.

Folashodun Shonubi, a deputy governor, was named acting head of the Central Bank.

The suspended governor is now in custody and under investigation, police said on Saturday.

In December, a court order blocked Emefiele’s arrest for suspected “terrorism financing”, saying there was a lack of evidence. It remains unknown if the arrest at the weekend is for the same charge. 

Al Jazeera

Video - Parents pay school fees with recyclables in Nigeria

A school in Lagos, Nigeria accepts recyclable trash for tuition. The idea helps keep more children in school while keeping trash off Lagos city streets.