Naira Falls to N1,656 per Dollar in NAFEM
The Nigerian currency, the Naira, has continued to depreciate, hitting N1,656.49 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). This is a significant drop compared to the previous week’s exchange rate, signaling ongoing pressure on the Naira.According to data from FMDQ, the exchange rate for the Naira in NAFEM rose to N1,656.49 per […]
Kogi Man Calls to Abolish Bride Price Due to Economic Hardships
In Kogi State, a local man named Alabi John Ozovehe is calling for the abolition of bride price. He argues that the ongoing economic crisis has made it increasingly difficult for men to meet the traditional marriage requirements, such as purchasing yams. In Kogi, the bride price includes the provision of 100 tubers of yam, […]
It Shall Not Be Well With The Wicked – Kenneth Okonkwo Condemns Nigerians Who Opposed Buying Fuel at N140 per Litre in Ojota But Now Pay N1000
Veteran actor and politician Kenneth Okonkwo has recently expressed his discontent with Nigerians who are now paying N1000 per litre for fuel. He pointed out the irony that these same individuals had once protested against a fuel price increase to N140 per litre back in 2012. During that time, a significant protest took place in […]
Petrol Price: New Crisis Expected as NNPCL Faces Financial Issues
The price of petrol in Nigeria might soon go up as the Nigerian National Petroleum Company Limited (NNPCL) grapples with financial challenges. On Sunday, NNPCL spokesperson, Olufemi Soneye, confirmed that the company is feeling the strain of high fuel supply costs. This situation has put a lot of pressure on the company, threatening its ability […]
Nigerian Borders Set to Reopen for Trade, Announces Lawmaker
Lawmaker Sesi Whingah, who represents Badagry in Nigeria’s House of Representatives, recently shared promising news for local traders and business owners. During a Badagry Stakeholders and Youth Engagement event on August 31, Whingah revealed that Nigeria’s borders will soon reopen for commercial activities. The prolonged border closure has significantly impacted businesses in the region, leading […]
Afenifere Urges Federal Government to Save Nigeria from Total Collapse
Afenifere, a leading Pan-Yoruba socio-political group, has sounded the alarm over what it describes as the worsening state of Nigeria. The group is urging the Federal Government to take immediate action to prevent a complete collapse of the nation. In a recent communiqué released after their quarterly meeting in Ogun State, Afenifere expressed deep concern […]
UI Students Protest Fee Extension, Demand Reversal of Increased Fees
Students at the University of Ibadan (UI) are up in arms over the university management’s recent decision to extend the deadline for fee payments by three weeks. The extension, announced on August 29th, comes in response to ongoing student protests against a hike in school fees. Initially, students were required to pay their fees by […]
Lagos Governor Offers Financial Aid to Docemo Fire Victims
On August 30, 2024, Lagos State Governor Babajide Sanwo-Olu made a significant gesture of support for those affected by the recent Docemo Fire Incident. The Governor attended a ceremonial event at Idumagbo Avenue, where he presented cheques to the victims of the devastating fire on Lagos Island. The Docemo Fire Incident, which occurred in the […]
Badagry Monarch Takes Bold Step to Lower Food Prices
In a decisive move to tackle the high cost of food, the Akran of Badagry, Aholu Menu Toyi 1, has taken significant action by dissolving all market committees at Agbalata International Market in Badagry. This decision, announced at a recent palace meeting, is aimed at ending the interference of these committees in pricing foodstuffs. The […]
Insecurity in Nigeria: A Political Tool, According to WTO Director-General Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), has recently highlighted a concerning issue in Nigeria. She pointed out that insecurity in the country is being manipulated for political purposes. According to Okonjo-Iweala, the persistent insecurity is not just a challenge but a tool used by some for political gain. She emphasizes that […]