Naira Weakens to N1,660 in Parallel Market as Gap with Official Rate Widens The Naira down to N1,660 in the parallel market marks a significant depreciation from its previous level of N1,645 per dollar last Friday. This downturn highlights the growing pressure on the Nigerian currency, which continues to fluctuate in informal markets. However, despite…
Yunusa Tanko, National Coordinator of the Obidient Movement, announces upcoming registration for members Yunusa Tanko, the National Coordinator of the Obidient Movement registration, has announced that the movement will soon commence formal registration for both current and new members. In an interview on Channels Television’s Sunrise Daily, Tanko emphasized the need to create a structured…
Human rights lawyer Inibehe Effiong condemns the government’s actions, likening them to the era of military rule under Abacha.” Human rights lawyer, Inibehe Effiong, has raised concerns about the growing authoritarian tendencies of the Nigerian government, asserting that Abacha’s spirit in Nigeria’s Presidential Villa is driving its current actions. His remarks follow the recent arrest…
In response to growing concerns from Higher National Diploma (HND) students regarding their exclusion from the National Youth Service Corps (NYSC), the Joint Admissions and Matriculation Board (JAMB) has clarified its stance. According to JAMB, it plays no role in the mobilization of HND students for NYSC, urging students to direct their grievances to the…
Falana Clarifies Ajaero’s Arrest by DSS, Disconnecting it from Police Summons Femi Falana, Senior Advocate of Nigeria and legal counsel to the Nigeria Labour Congress (NLC), has clarified that Joe Ajaero’s DSS arrest had no connection to a prior police invitation. Ajaero, who is the current President of the NLC, was arrested by the Department…
In a remarkable financial turn, Company Income Tax revenue in Nigeria surged by 151% during the second quarter of 2024, climbing from N984.61 billion in Q1 to an impressive N2.47 trillion. This significant growth, reported by the National Bureau of Statistics (NBS), reflects the increasing contributions from both local and foreign companies. This leap highlights…
The Central Bank of Nigeria raises N9.27 trillion through NTBs, driven by investor demand for longer maturities and higher yields. In a move to meet rising investor demand, the Central Bank of Nigeria (CBN) successfully raised N9.27 trillion through Nigerian Treasury Bills (NTBs). The strong interest in NTBs in Nigeria reflects investors’ appetite for longer…
Obi storms Edo for Akpata as the Labour Party (LP) presidential candidate from the 2023 elections, Peter Obi, visits Benin City to rally voters behind Olumide Akpata ahead of the upcoming September 21 governorship election. Accompanying Obi is Abia State Governor Alex Oti, who is also expected to join the final stages of the campaign…
Chiefs Lead Effort to Regulate Prices in Agbalata Market, Badagry In a bold move to control rising costs in Badagry, Lagos, local traditional leaders have taken direct action to regulate food and goods prices at Agbalata Market. The intervention follows directives issued by the Aholu Menu Toyi 1, traditional ruler of Badagry, who disbanded the…
Obidients Unite to Offer Financial Aid Across Nigeria, Supporting Peter Obi’s Loyal Base In a bold demonstration of solidarity, the Obidients movement has unveiled a nationwide financial aid initiative to provide relief to Peter Obi’s supporters. The initiative, known as “Obidients financial aid for Peter Obi supporters,” is designed to address the economic struggles faced…
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