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Naira drops to N1, 470 per dollar in parallel market

The Naira dropped from N1,460 per dollar on Tuesday to N1,470 per dollar yesterday on the parallel market.  In a similar vein, the Nigerian Foreign Exchange Market (NFEM) saw the naira weaken to N1,447.5 per dollar.  The exchange rate for the naira increas ....
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Fire destroys 25 shops in Kwara

Early morning fire burned 25 kiosks in Ilorin, Kwara State capital.  The incident happened on Obbo Road in the metropolis.  Spokesperson of the state Fire Service Hassan Adekunle confirmed the incident.Mr Adekunle said; “The incident involved a cluster of about 25 kiosks ....
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Tony Elumelu calls off annual All-White Christmas party

In the wake of a recent horrific fire that lost many lives, Nigerian billionaire and philanthropist Tony Elumelu has announced the cancelation of his much-anticipated annual TOE All-White Christmas Party, which was originally scheduled for December 23, 2025.  Mr. Elumelu a ....
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Nigeria Navy takes down illegal refining sites in Niger Delta

In the ongoing battle against pipeline vandalism, crude oil theft, and other illegal operations in the area, Nigerian Navy personnel stationed at Forward Operating Base, Escravos have shut five illicit refining installations in the Niger Delta's creeks.  The commanding off ....
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Osun State gov Adeleke defects from PDP

Governor of Osun State, Ademola Adeleke, has formally resigned from the Peoples Democratic Party, citing chronic leadership upheaval at the party’s national level.  Adeleke revealed that he submitted his resignation to party leaders in Sagba Abogunde, Ward 2, Ede North L ....
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Naira rises to N1, 470 per dollar in parallel market

In the parallel market, the Naira increased from N1,476 per dollar last weekend to N1,470 per dollar yesterday.  However, the naira dropped to N1,450 per dollar in the Nigerian Foreign Exchange Market (NFEM).  The exchange rate for the naira increased to N ....
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