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Nigerian Private Sector Warns Of Massive Job Loss Amidst Ongoing National Assembly Investigations

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Nigerian Private Sector Warns Of Massive Job Loss Amidst Ongoing National Assembly Investigations....KINDLY READ THE FULL STORY HERE▶

The Organized Private Sector of Nigeria (OPSN) has raised concerns over the potential for widespread job losses due to continuous invitations and summons for investigative hearings by National Assembly committees and ad-hoc committees.

Numerous private companies operating in Nigeria are considering relocating their operations to neighboring countries due to the persistent threats and disruptions caused by the National Assembly committees and ad-hoc committees.

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The OPSN includes prominent business associations such as the Manufacturers Association of Nigeria (MAN), Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Nigeria Employers Consultative Association (NECA), Nigeria Association of Small-Scale Industries (NASSI), and Nigeria Association of Small and Medium Enterprises (NASME).

Addressing the media on Tuesday, September 19, in Abuja, the Director-General of MAN, Segun Ajayi-Kadir, representing the OPSN, expressed serious concerns about the overbearing approach of the National Assembly committees and ad-hoc committees, which, through their invitations, summons, and threats of arrest, are expediting the departure plans of many businesses due to the “inhospitable business environment” they create.

Ajayi-Kadir highlighted that these threats not only disrupt business operations but also severely hinder business growth, the establishment of new enterprises, and result in significant financial losses for many companies.

He emphasized, “This has been a notable challenge since the 7th National Assembly, from 2012. Recently, several letters were received by our member companies from the Ad-hoc Committee on Non-Remittance to the National Housing Fund and Utilization of the Fund from 2011 to Date, and the Ad-hoc Committee to investigate the Compliance of Ministries, Departments, and Agencies of government and corporate bodies with the Industrial Training Fund Act, amongst other committees.”

While acknowledging the National Assembly’s efforts in conducting oversight functions, the OPSN stressed that sections 88 and 89 of the Constitution, relied upon by the Committees, are not applicable to private sector businesses.

Ajayi-Kadir cautioned that if the situation is not addressed promptly, it could lead to the closure of companies, job losses, reduced tax revenue, increased insecurity, and social unrest.

He further noted that there are statutory government agencies within the Executive Arm responsible for engaging, inspecting, auditing, and enforcing compliance, and they should be the ones invited to account for levels of compliance rather than private businesses. The OPSN expressed concern that the frequent invitations, summons, and threats of arrest could discourage foreign direct investors from the Nigerian economy and lead to more companies relocating abroad, ultimately harming business activities in the country.

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When Men Mount: Esosa Iyawe Steals the Spotlight at APC South-South Stakeholders Meeting in Benin(Video)

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When Men Mount: Esosa Iyawe Steals the Spotlight at APC South-South Stakeholders Meeting in Benin(Video)

In a room charged with political energy and elite presence, Hon. Esosa Iyawe, Member representing Oredo Federal Constituency, emerged as one of the most talked-about figures at the APC South-South Stakeholders Meeting held in Benin City.....KINDLY READ THE FULL STORY HERE▶

With Senate President Godswill Akpabio, Governor Monday Okpebholo, Comrade Adams Oshiomhole, Engr. Abubakar Momoh FNSE, Chief Timipre Sylva, Senator Ifeanyi Okowa, alongside state governors, senators, and top APC chieftains from across the South-South in attendance— the atmosphere was rich with leadership.

Amid it all, Hon. Esosa Iyawe distinguished himself with calm confidence, a composed presence, and the kind of poise that quietly resonated throughout the gathering.

Men mount, and Esosa Iyawe stood tall—carrying the pride of Oredo with class, clarity, and a political sharpness that quietly echoed long after the cameras stopped rolling.

Osigwe Omo-Ikirodah reporting from Benin City for iReporteronline.

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Economic Jitters: Dollar Soars to ₦1,605 as Lagos APC Gears Up for LG Elections

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What Is the Dollar to Naira Exchange Rate at the Black Market (Aboki FX)?....KINDLY READ THE FULL STORY HERE▶

Below is the black market (parallel market) exchange rate for the U.S. Dollar to Naira as of Wednesday, June 25, 2025. These are the rates at which you can exchange your dollars for naira.

Black Market Dollar to Naira Exchange Rate Today (Aboki FX)

At the Lagos Parallel Market, also known as the Black Market, Bureau De Change (BDC) operators buy 1 USD at ₦1,590 and sell at ₦1,600, according to market sources.

Note: The Central Bank of Nigeria (CBN) does not officially recognize the black market. It has advised all forex transactions to be conducted through licensed financial institutions.


Summary of Exchange Rates – June 25, 2025

Dollar to Naira (USD to NGN) Exchange Rate
Black Market Buying Rate ₦1,590
Black Market Selling Rate ₦1,600
CBN Highest Rate ₦1,553
CBN Lowest Rate ₦1,548
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One Lawmaker, Eleven Motions, Ten Bills—From Gele-Gele Seaport to Free WAEC and 1,000 Streetlights, Esosa Iyawe is Getting the Job Done

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One Lawmaker, Eleven Motions, Ten Bills—From Gele-Gele Seaport to Free WAEC and 1,000 Streetlights, Esosa Iyawe is Getting the Job Done....KINDLY READ THE FULL STORY HERE▶

The streets of social media are buzzing—and for all the right reasons. Hon. Engr. Esosa Iyawe, the dynamic lawmaker representing Oredo Federal Constituency, is making history, not headlines. With a legislative record that reads like a federal policy roadmap and community projects that are transforming lives, Nigerians are saying one thing loud and clear: this is what true representation looks like.

“We’ve never had it this good in Oredo,” said a community lawyer in Benin City, Oredo’s capital. “Esosa Iyawe is not just present—he’s working like a man on a mission.”

In less than a full term, Iyawe has moved 11 bold motions on key national issues, touching everything from maritime infrastructure to financial transparency and citizen welfare. Notably, he called for the revitalization of Gele-Gele Seaport—a game changer for Edo’s economy. He took on Multichoice, demanding an investigation into their arbitrary subscription hike. He exposed alleged irregularities in the NHIA, demanded a probe into abandoned properties, and pushed for the transition to renewable energy in MDAs.

“He’s like a watchdog, a reformer, and a patriot wrapped in one,” one Abuja insider remarked.

Beyond motions, he is sponsoring 10 strategic bills, including the groundbreaking National Public Asset Management Agency Bill, the Digital Health Services Bill, and the much-anticipated Ride-Hailing and Smart Mobility Bill, which aims to modernize Nigeria’s transport technology landscape.

From the dusty corners of New Benin to the vibrant schools of Evbodia, Esosa Iyawe’s impact is visible and measurable. He has donated over 70 mini buses to empower youths, installed more than 1,000 streetlights across Oredo to enhance security, and distributed free food palliatives to over 4,000 constituents monthly for 10 consecutive months. He has sponsored free JAMB and WAEC registration for more than 1,000 students annually, provided full university scholarships, and supported skills acquisition through the donation of sewing machines and makeup kits.

He facilitated free eye surgeries for over 50 people, donated 41 computers and a solar power system to New Era School, and organized an annual cultural quiz competition across public schools in Oredo. Through his intervention, Odia College in Evbodia Community has been fully renovated, with new classroom blocks and modern toilets constructed. His support for the Muslim community through annual palliative distribution and the hosting of the HIFOT football tournament for youth engagement further underscores his commitment to inclusive development.

Clips of Iyawe’s speeches, project launches, and grassroots engagements continue to trend online with captions like “Oredo’s Blueprint of Hope,” “This is not politics—it’s performance,” and “This is the kind of representative every Nigerian constituency deserves.”

While many lawmakers vanish after elections, Esosa Iyawe is visibly writing a new story for Oredo—one powered by education, innovation, transparency, and youth empowerment. His blend of engineering discipline and legislative boldness is setting him apart.

“Oredo used to ask for attention. Now, Oredo is giving the nation direction,” a local observer noted.

Whether in the hallowed chambers of the National Assembly or the narrow streets of Ugbowo, Esosa Iyawe has shown that service isn’t about volume—it’s about value. And if this is what one man can do in such a short time, imagine what the future holds if his kind of leadership becomes the national norm.

Osigwe Omo-Ikirodah is the Principal and CEO of Bush Radio Academy

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