Author: Akintayo Adams

The naira appreciated against the dollar at the official foreign exchange market for the first time this week. FMDQ data showed that the naira gained ₦0.47 to close at ₦1,541.23 per dollar on Thursday, up from ₦1,541.70 traded the previous day. Meanwhile, the naira remained stable at ₦1,660 per dollar on Thursday, the same exchange rate recorded the previous day. This development comes as the Central Bank of Nigeria (CBN) announced an immediate suspension of approvals for the extension of repatriation of export proceeds on Thursday. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel

Dreaded terrorist and bandit kingpin, Bello Turji, has been spotted with his militant gangs in the North Western part of the country. This information was shared by Zagazola Makama, a Lake Chad Basin counterterrorism and insurgency expert, in a post on his X handle on Friday. Makama disclosed that Turji was seen in the rocks of Fakai and Manawa in the North West. The notorious bandit leader had issued fresh threats over the arrest of his uncles by Nigerian troops, warning that he would unleash deadly attacks if they were not released. However, the Nigerian Defence Headquarters (DHQ) described Turji…

Oyo State Governor, Seyi Makinde, has approved the appointment of Prince Abimbola Owoade as the new Alaafin of Oyo. The announcement was made by the Commissioner for Information and Orientation, Dotun Oyelade, who stated that Owoade was chosen after extensive consultations and traditional divinations conducted by the Oyo kingmakers, the Oyomesi. The Commissioner for Local Government and Chieftaincy Affairs, Ademola Ojo, mentioned that this decision ends the legal and social disputes that followed the passing of the former Alaafin, Oba Lamidi Adeyemi III, who died on April 22, 2022. Ojo urged the people of the state to support the new…

A recent report has highlighted the potential negative impact of wearing tight boxers or pants on a man’s sperm quality. Fertility experts have advised men to avoid tight-fitting underwear, warning that it could raise the temperature around the testicle region and affect sperm production. The report, based on a study conducted by researchers at Harvard University, found that men who wore boxer shorts had a 25% higher sperm concentration, 17% higher total sperm count, and 33% more swimming sperm in a single ejaculate compared to men who wore tighter underwear. The study involved 656 men who provided semen and blood…

In a tragic incident, two police officers were killed in an attack by suspected Boko Haram terrorists at a police station in Gajiram, Nganzai Local Government Area of Borno State. The attack occurred on January 9, 2025, around 12:10 a.m. The terrorists attempted to invade the Nganzai police division but were repelled by the gallant officers on duty. During the exchange of gunfire, the terrorists threw hand grenades, which unfortunately landed on a shelter tent behind the division, fatally wounding two officers. One other police officer was critically injured in the attack. The bodies of the deceased officers have been…

The leadership crisis at First Bank Holdings of Nigeria has intensified as a group of stakeholders calls for the removal of its board chairman, Femi Otedola, and non-executive director, Julius B. Omodayo-Owotuga. The group has requested an extraordinary general meeting (EGM) within the next 21 days, in accordance with section 215 (1) of CAMA. The shareholders allege that FBN Holdings has experienced turmoil since former Central Bank of Nigeria Governor Godwin Emefiele influenced Otedola’s acquisition of a significant amount of shares, leading to his emergence as Chairman in January 2024. They claim that Otedola has seized full control of the…

Manchester United winger Amad Diallo has signed a new contract that extends his stay at the club until June 2030. The 22-year-old Ivory Coast international has been in impressive form this season, scoring six goals and providing seven assists in 28 appearances across all competitions. Amad expressed his excitement about the new deal, stating, “I am really proud to have signed this new contract. I have had some incredible moments with this club already but there is so much more to come. I have huge ambitions in the game and I want to achieve history at Manchester United.” Jason Wilcox,…

Oludipe Oluwasanmi David, popularly known as Spyro, recently disclosed the immense pressure he faces to assist fans, both online and offline. The “Who’s Your Guy” crooner revealed that he spends over ₦15 million annually on beggars and others seeking financial help. Spyro shared his experience on Instagram, expressing frustration over the constant demands for assistance and the lack of reciprocation. Despite his acts of kindness, he recounted a bitter encounter where a stranger insulted him because he couldn’t give money at that moment. “It’s really hard being a celebrity in Lagos,” Spyro wrote. “I told a guy I didn’t have…

The Transmission Company of Nigeria (TCN) has announced that there will be an electricity disruption in parts of Oyo State on Thursday, January 9, 2025. According to TCN spokesperson Ndidi Mbah, the disruption is due to preventive maintenance on the 150 megavolt-ampere 330/132/33 kilovolt transformer at the Ayede, Ibadan, transmission substation. The power disruption is expected to last from 10:00 am to 6:00 pm on Thursday in areas serviced by the Ibadan Electricity Distribution Company (IBEDC). During this period, IBEDC will carry out load shedding in the following areas: Oluyole, Apata, Lanlate, Iyaganku, Liberty, Eleyele, Express, Industrial, and Interchange. Get…

The naira fell for the third consecutive time against the dollar in 2025. On Wednesday, it dipped to ₦1,541.70 per dollar from ₦1,537.03 on Tuesday, according to FMDQ data, reflecting a ₦4.67 drop in the official market. Meanwhile, in the black market, the naira gained ₦5, closing at ₦1,660 on Wednesday compared to ₦1,665 on Tuesday. Since the week began on Monday, the naira has continuously depreciated against the dollar in the official market. However, in the parallel market, the naira has remained stable at ₦1,665 per dollar, except for today. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google…