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Naira at 1,025/$: Forex Crisis Sparks Job Losses and Looming Factory Shutdowns

Forex Crisis Threatens Nigerian Economy: Naira’s Freefall Sparks Concern In a worrying turn of events, the Nigerian naira has continued its downward spiral against the US dollar, with exchange rates at the parallel market hitting between 1,005 naira and 1,025 naira per dollar. This precipitous decline, which began when the Central Bank of Nigeria allowed […]

Petrol should be selling at over ₦1000 per liter if truly subsidy has been removed – Oil Marketers

Oil marketers are challenging the Federal Government’s stance on the pricing of Premium Motor Spirit (PMS), commonly known as petrol, as they assert that the current pump price should exceed N800 per litre if there were no subsidies in place. Presently, petrol is retailing between N580 and N617 per litre in different areas, with the […]

EFCC Arrests 2 Suspected ‘Yahoo boys’ at Musical Artiste Skales House

EFCC Apprehends Two Suspected Internet Fraudsters at Skales’ Residence Lagos, Nigeria – In a recent development, the Economic and Financial Crimes Commission (EFCC) revealed the arrest of two individuals on Tuesday, October 10, 2023, suspected of involvement in internet fraud. The operation, conducted by EFCC operatives from the Lagos Command, led to the apprehension of […]

High-Ranking Nigerian Army Official Sentenced to Seven Years for Corruption, Ordered to Repay N3.7 Billion

In a significant legal development, a former Group Managing Director of the Nigerian Army Properties Limited, Maj. Gen. Umaru Mohammed, faced justice in a Nigerian Army special court martial held in Abuja. On Tuesday, the court delivered a verdict that found Mohammed guilty of a series of offenses, including forgery, misappropriation of funds, and conspiracy. […]

Housewife Arrested in Bauchi State for Beating Her Step-Daughter to Death

In a tragic incident that has sent shockwaves through Bauchi State, an 18-year-old pregnant housewife, Khadija Adamu, has been apprehended by local authorities on allegations of fatally beating her five-year-old stepdaughter, Hafsat Garba. The Bauchi State Commissioner of Police, Auwal Muhammad, addressed the press at the command’s headquarters on Tuesday, revealing disturbing details surrounding the […]

Man Arrested in Lagos State for Sexually Molesting his Two Sons who are 3 and 7 years-old Respectively

In a solemn courtroom proceeding on Tuesday, a 38-year-old man, identified as Afeez Gbadamosi, faced arraignment before the Ikeja Sexual Offences and Domestic Violence court, orchestrated by the Lagos State Government. Gbadamosi stands accused of committing the heinous act of sexually molesting his two underage sons, aged three and seven. The charges leveled against him […]

LP’s Unwavering Stance: Why Peter Obi Cannot Collaborate with Tinubu’s Government

The Labour Party’s leadership has categorically stated that their presidential candidate, Peter Obi, will not entertain any notion of collaborating with President Bola Tinubu’s proposed government of national unity. This firm stance was articulated in separate interviews with the National Publicity Secretary of the LP, Obiora Ifoh, and the National Legal Adviser of the party, […]

Tinubu Appoints Fela Durotoye and Others as Presidential Media Aides

President Bola Tinubu has officially announced the appointment of five individuals to key positions within his presidential advisory team. This significant development was conveyed through a press release issued by Ajuri Ngelale, the Special Assistant to the President on Media and Publicity, under the title ‘President Tinubu appoints new Presidential Media Advisory team members.’ Among […]