The Naira maintained its upward momentum in the parallel market, appreciating to N1,500 per dollar on Monday from N1,530 per dollar recorded over the weekend. This marks its strongest position in the last seven months. The last time the Naira traded below N1,500 per dollar in the parallel market was on June 21, 2024, when it stood at N1,495 per dollar. Meanwhile, in the Nigerian Foreign Exchange Market (NFEM), the Naira saw a slight depreciation, settling at N1,504 per dollar. Data from the Central Bank of Nigeria (CBN) indicated that the indicative exchange rate weakened to N1,504 per dollar from…
Author: Ado Oyeyemi
Read More
President Bola Tinubu is set to preside over the All Progressives Congress (APC) National Caucus meeting today at the Presidential Villa in Abuja, according to the party’s confirmation. Senator Ajibola Basiru, the APC National Secretary, affirmed in an exclusive interview that Tinubu has confirmed his participation. “By the grace of God, the President will be present. He has already given his confirmation,” Basiru stated. He also dismissed speculation that the upcoming National Caucus and National Executive Committee (NEC) meetings, scheduled for today and tomorrow, might be postponed. “There is no postponement. The National Caucus and NEC meetings will take place…
National Security Adviser (NSA) Nuhu Ribadu has rejected claims by former Kaduna State Governor Nasir El-Rufai that he is behind a plot to tarnish his reputation in pursuit of a 2031 presidential ambition. During an interview with Arise TV on Monday, El-Rufai alleged that Ribadu, in collaboration with Kaduna State Governor Uba Sani and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), was working against him. “This entire effort to destroy Nasir El-Rufai is masterminded by Nuhu Ribadu. He is the one leading the charge and working with Uba Sani to execute it. However, their plans have not…
A cholera outbreak has claimed three lives in Bulu-Ndoro, a community in Burutu Local Government Area of Delta State, while many others remain critically ill. Some of the affected residents have been taken to a hospital in neighboring Bayelsa State for medical care. Arede Edeinmene, an Executive Assistant on Political Matters to Governor Sheriff Oborevwori, raised concerns over the severity of the outbreak while addressing journalists in Warri. He called on the state government to take urgent action to prevent further loss of lives, noting that the disease has spread rapidly, affecting nearly every household. One of the major issues…
The Depot Chairmen Forum of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of a potential shutdown due to the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) failure to clear a N100 billion debt owed to its members. In a statement signed by the forum’s chairman, Alhaji Yahaya Alhassan, the group expressed disappointment that despite agreements reached last year, NMDPRA has not fulfilled its commitment to settle outstanding bridging and NTA claims. Highlighting their frustration, the forum accused NMDPRA of deliberately ignoring the issue despite previous assurances. “We are deeply frustrated that, one year after we raised…
Multichoice has announced a price increase for its DStv and GOtv packages, set to take effect from March 1, 2025. In a statement issued to customers on Monday, the company explained that the adjustment is necessary to sustain the delivery of high-quality local and international content through advanced technology. This marks the second price review in less than a year. Under the new pricing structure, the DStv Compact package will rise from N15,700 to N19,000, while the Compact Plus will increase to N30,000. The Premium subscription is set to cost N44,500. GOtv subscribers will also experience an increase, with the…
The Federal High Court in Abuja has postponed the trial of former Kogi State Governor, Yahaya Bello, to March 6 and 7, 2025, after hearing testimonies from two witnesses presented by the Economic and Financial Crimes Commission (EFCC). During Monday’s session, the prosecution, led by Kemi Pinheiro, SAN, introduced Segun Joseph Adeleke, General Manager of Efab Properties Limited, as a witness. However, the defense counsel, Joseph Daudu, SAN, objected, arguing that the witness was not listed in the original lineup, which could hinder proper cross-examination. Despite the objection, the court allowed the testimony. Adeleke provided details on two properties located…
Omoyele Sowore, publisher of Sahara Reporters and former presidential candidate of the African Action Congress (AAC), confronted security officers at the Federal High Court in Abuja after they attempted to prevent his entry. The officers, drawn from the Nigeria Police and the Nigeria Security and Civil Defence Corps (NSCDC), were stationed at the court due to the trial of former Kogi State Governor Yahaya Bello, who is facing allegations of financial mismanagement, including money laundering and embezzlement of public funds. In a video shared on his X account, Sowore was seen engaging in a heated argument with the officers, questioning…
Local government chairmen and councillors elected under the All Progressives Congress (APC) have resumed duties at various council secretariats in Osun State, even as workers continue to withhold their services. The ongoing tussle for control of local governments between the APC and the Peoples Democratic Party (PDP) follows conflicting judgments from the Federal High Court and the Court of Appeal. Despite the legal disputes, the Osun State Independent Electoral Commission (OSIEC) went ahead with local government elections, after which Governor Ademola Adeleke inaugurated the elected chairmen and councillors. Checks on Monday revealed that APC-led council officials resumed at secretariats in…
The family of the late Chief Samuel Ayodele Adebanjo has officially announced the schedule for his burial rites. In a statement obtained on Monday, the family confirmed that the esteemed nationalist and Afenifere leader will be laid to rest on Saturday, May 3, 2025. Prompt News reports that Chief Adebanjo, a respected statesman and advocate for democracy, passed away on February 14, 2025, at the age of 96. As part of the burial activities, a Day of Tributes and Service of Songs will be held on Wednesday, April 30, 2025, at Harbour Point, Victoria Island, Lagos. A wake is planned…