Author: Akintayo Adams

The naira saw further appreciation against the dollar in both the official and parallel foreign exchange markets, ending the week positively thanks to rising FX supply. According to FMDQ data, the naira strengthened to N1652.62 per dollar on Friday, up from N1658.57 per dollar on Thursday, marking a gain of N5.95. Over the past 48 hours, the naira has appreciated by N35 against the dollar. Similarly, in the black market, the naira appreciated to N1750 per dollar on Friday, up from N1755 per dollar the previous day. FX transaction turnover also increased significantly, reaching $243.05 million on Friday from $163.66…

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has voiced concerns over the proposed state police, deeming it too costly and risky to implement. The Association’s National President, Alhaji Khalil Bello, stated in Damaturu, Yobe State’s capital, that the establishment of state police could cost between N10 billion to N30 billion, depending on the state’s population. Additionally, he highlighted that the monthly salaries and operational costs would amount to about N3 billion. “These expenditures could divert critical resources from essential public services such as education, healthcare, and infrastructure, which are vital for the development and well-being of the region.…

Nigerian singer Crown Uzama, also known as Shallipopi, stated that being wealthy is crucial for manhood. He believes that men who lack wealth should be categorized alongside women. He made the claim on his X handle on Friday when he wrote, “Na money make u be man, if u nor get join the ladies set.” In another post, Shallipopi slammed poor men who fall in love instead of chasing money. “If u like no get money, dey find babe, u fit say life na 2014,” he wrote. Get instant and latest news updates via our WhatsApp Community, X/Twitter, or Google News online channel.

Lagos State Governor Babajide Sanwo-Olu has presented N3.005 trillion before the state House of Assembly as a proposed budget for the year 2025. The government has tagged the budget “Budget of Sustainability”. Sanwo-Olu stated that N1.7 trillion was proposed for capital budget, while N1.2 trillion was set aside for the coming year’s recurrent budget. “Total revenue comprises our internally generated revenue of N1,970,897,000,000 and total federal transfers of N626,137,000,000,” the governor said. Get instant and latest news updates via our WhatsApp Community, X/Twitter, or Google News online channel.

The naira appreciated against the dollar at the foreign exchange market at the close of business on Thursday. According to FMDQ data, the naira strengthened to N1,658.57 per dollar on Thursday, up from N1,687.52 on Wednesday. This represents a gain of N28.95 against the dollar. However, in the black market, the naira fell to N1,755 per dollar on Thursday, down from N1,750 the previous day. This decline comes as FX transaction turnover dropped to $163.66 million on Thursday from $173.29 million on Wednesday. Get instant and latest news updates via our WhatsApp Community, X/Twitter, or Google News online channel.

Former Representative Matt Gaetz has withdrawn his name from consideration to be President-elect Donald Trump’s Attorney General. Gaetz cited the ongoing scrutiny over a federal sex trafficking investigation as the reason for his decision. He stated that his confirmation was becoming a distraction to the critical work of the Trump/Vance Transition. Trump appreciated Gaetz’s efforts and wished him well for the future. Gaetz’s withdrawal follows a series of controversies and allegations that have plagued his political career. The House Ethics Committee had been investigating whether he engaged in sexual misconduct and illicit drug use, accepted improper gifts, and sought to…

Operatives of the Ogun 1 Area Command of the Nigeria Customs Service have intercepted Cannabis Sativa and Tramadol worth approximately N117 million from border areas across Ogun State. The Area Controller, Comptroller James Ojo, revealed this during a media briefing on the interception and handing over of the contraband to the National Drug Law Enforcement Agency (NDLEA). The seizures included 5,256 coconut size wraps, 46 book size wraps, 1,202 bread size wraps, and 403 sacks of Cannabis Sativa. He said ” From January to 21 November 2024, through credible intelligence and strategic operations, the operatives of the Ogun I Command…

The Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State. This decision comes amid an ongoing face-off between Governor Simi Fubara and the Minister of Federal Capital Territory, Nyesome Wike. The Office of the Accountant General of the Federation (OAGF) has stated that the court order prevents the Central Bank of Nigeria (CBN) and the Nigerian government from disbursing the monthly allocations to Rivers State. The OAGF has announced that it will respect the court order and await further instructions. This development has significant implications for the state’s…

Gatwick Airport has evacuated a large part of its South Terminal following a security incident. Passengers have been told to stay away from the terminal as the airport continues to investigate the situation. The Sussex airport confirmed the news in a statement, emphasizing that the safety and security of passengers and staff remain their top priority. The evacuation has caused significant travel disruptions, with flights being delayed and trains no longer stopping at the airport’s railway station. The airport is working hard to resolve the issue as quickly as possible. Get instant and latest news updates via our WhatsApp Community, X/Twitter, or Google News online…

The Lagos State Government has announced a traffic diversion to accommodate the maiden edition of the 10-kilometer Capital City Race, scheduled for Saturday, November 23. The diversion will be in effect from 5 a.m. to 11 a.m. The affected routes include: The Lagos State Traffic Management Authority, Police, Federal Road Safety Corps, and Lagos Neighborhood Safety Corps to prevent other road users from accessing the main race corridor will man the barriers. Motorists are advised to be patient, as all affected junctions will be unblocked and accessed intermittently as the race progresses.