The Naira depreciated by ₦52.24 against the dollar over 48 hours due to a decline in foreign exchange supply. FMDQ data revealed that the Naira fell to ₦1653.02 per dollar on Tuesday, compared to ₦1600.78 last Friday. This marks the second time it has weakened since starting the week at ₦1603.16. The drop coincides with a decrease in FX transactions turnover from $359.22 million to $176.15 million. Meanwhile, the black market rate reached ₦1728 per dollar on Tuesday. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
Author: Akintayo Adams
President Bola Ahmed Tinubu, on Wednesday, reshuffled the Federal Executive Council. He sacked some ministers and reassigned some members of the FEC. In the same vein, he appointed replacements for the sacked ministers immediately. Here is a list of the newly appointed Ministers: Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
President Bola Ahmed Tinubu, on Wednesday, sacked and reassigned some members of the Federal Executive Council. Here is the list containing the names of those who were reassigned: Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
President Bola Ahmed Tinubu has sacked the Minister of Education, Prof. Tahir Mamman as well as the Minister of Women Affairs, Mrs Uju Kennedy Ohaneye. He also re-assigned 10 ministers to new ministerial portfolios and appointed seven new ministers for Senate confirmation. This was made known by Special Adviser to the President on Information and Strategy, Bayo Onanuga. The President sacked Uju-Ken Ohanenye as Minister of Women Affairs; Lola Ade-John as Minister of Tourism; Tahir Mamman as Minister of Education; Abdullahi Gwarzo as Minister of State, Housing and Urban Development; and Jamila Ibrahim as Minister of Youth Development. Tinubu nominated…
Akwa Ibom State Government has announced ₦80,000 as its Minimum Wage. The Governor Umo Eno-led executive has also constituted an implementation committee. He revealed that the fee is for all state government employees. It was also said that the committee has been given one month to deliver its report on how the wage increase will be executed. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
A UK airport has been evacuated with all flights grounded following a reported bomb threat. Passengers have been advised to avoid Birmingham Airport as police investigate “a suspicious vehicle”. A statement from the airport says: “West Midlands Policeis currently on-site dealing with an incident. Airport operations are currently suspended. “Passengers are advised to NOT come to the airport at this time. “The Airport’s social media channels will be updated as and when the situation changes. “For passengers with immediate flights this afternoon they should contact their airline and check the Airport’s website for updates.” A spokesman for West Midlands Police…
Popular Nollywood actor, Halima Abubakar, has apologized to Apostle Johnson Suleman of Omega Fire Ministries for defaming him. Abubakar admitted to spreading false information about Apostle Suleman, which caused him distress on social media. The conflict between the two began in 2022 when Abubakar fell ill following a dispute with the clergyman. While her family publicly accused Suleman, others speculated she had an autoimmune disease, which she denied by sharing her medical report. Abubakar has since sought the clergyman’s forgiveness, expressing regret for damaging his reputation and hoping her apology would help mend the situation. The letter reads: “I admit…
The Parliament of Russia has passed a new law allowing individuals facing prosecution to avoid trial and potential imprisonment by enlisting to fight in the war in Ukraine. The law gives the accused the right to appeal to the courts to have charges dropped in exchange for signing a contract to join the Russian armed forces. Pre-trial detention centres across Russia are expecting around 100 people from each facility to take up the offer, which could boost the military by approximately 20,000 soldiers overall. The decision to dismiss charges will ultimately rest with individual judges but in theory, no crimes…
President Bola Ahmed Tinubu has scrapped the Niger Delta Ministry and the Ministry of Sports Development. This was made known by the Special Adviser to the president on Information and Strategy, Bayo Onanuga, in a post on his official X handle on Wednesday. He said the decisions were taken at the meeting of the FEC in Abuja. According to him, “there will now be a Ministry of Regional Development to oversee all the regional development commissions, such as Niger Delta Development Commission, North West Development Commission, South West Development Commission, North East Development Commission”. He also stated that the National…
Former President Olusegun Obasanjo has pledged his allegiance to Nigeria. He said be won’t align with the move for secession by Oodua Nation crusaders despite being a Yorùbá Man. The former president spoke when a delegation from the League of Northern Democrats led by Ibrahim Shekarau, former governor of Kano State visited him at his residence in Abeokuta, Ogun State. He said: “It is high time we began working for the national interest. Yes, you have identified your group as the League of northern democrats but how I wish you called your group the National League of Democrats because where…