• Commitment to Governance: Rivers State Governor Siminalayi Fubara has pledged to keep delivering impactful development projects for the state throughout the remainder of his administration, emphasizing that tangible achievements matter far more than the length of time spent in office.....KINDLY READ THE FULL STORY HERE▶

• • Call for Peace: Speaking during the inauguration of the Omademe Internal Roads Project in Ikwerre Local Government Area, the governor encouraged political leaders and stakeholders to unite, move past previous political disagreements, and maintain ongoing peace.

  • Focus on the Future: Addressing past tensions with his predecessor, Fubara stressed that he has closed the chapter on old disputes, urging everyone to collaborate as a unified team to advance the interests of Rivers State and the nation.

Stance on Subsidy Removal: Peter Obi has publicly parted ways with Atiku Abubakar’s proposal to bring back fuel subsidies, maintaining his support for the policy’s abolition during a recent appearance at the Nigerian Bar Association (NBA) conference in Port Harcourt.....KINDLY READ THE FULL STORY HERE▶

• Criticism of Implementation: While Obi agrees that removing the subsidy was the right economic move, he heavily criticized the current administration for mismanaging the generated savings and failing to implement effective cushioning measures for citizens.

• Alternative Approach: Highlighting his previous 2023 presidential campaign manifesto, Obi stated that the funds saved should have been channeled into productive sectors and alternative public benefits through a well-organized framework rather than being lost to poor governance or misappropriation.

• Parallel Market Overview: At the parallel market (often tracked via sources like Aboki FX), the exchange rate for the United States Dollar (USD) against the Nigerian Naira (NGN) saw traders buying at ₦1,400 and selling at ₦1,410.....KINDLY READ THE FULL STORY HERE▶

• • Official Regulatory Stance: The Central Bank of Nigeria (CBN) does not officially recognize parallel market transactions, advising individuals seeking foreign exchange to utilize authorized banking channels.

  • Summary of Rates:

    • Parallel (Black) Market Rates: Selling at ₦1,410 | Buying at ₦1,400

    • Official / NAFEM Rates: Ranging between approximately ₦1,345 and ₦1,350.

  • Disclaimer: Actual transaction rates can fluctuate throughout the day and vary depending on location, transaction volume, and specific Bureau de Change (BDC) operators or financial institutions.