latest
AFCON Tragedy: Fatalities Reported As 5 Nigerians Lose Lives While Watching Super Eagles
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MARKET EARTHQUAKE: Traders Scramble As Naira Defies Expectations Amid Intense Global Currency Volatility!.
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Parallel Market Rates: On Friday, July 24, 2026, Bureau De Change (BDC) sources reported that the black market exchange rate for a U.S. dollar stood at ₦1,415 for selling and ₦1,406 for buying.....KINDLY READ THE FULL STORY HERE▶
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CBN Position: The Central Bank of Nigeria (CBN) does not officially recognize the parallel market, advising anyone looking to trade foreign exchange to use authorized commercial banks instead.
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Official CBN Rates: The CBN rates recorded a high of ₦1,365 and a low of ₦1,359.
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Market Variance: Actual rates for buying or purchasing forex may differ from the figures listed here due to ongoing price variations.
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THE ULTIMATE POLITICAL SHOWDOWN: Adelabu Breaks Silence On Shock Rumors Of Dumping The Ruling Party!.
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Denial of Defection Rumors: Former Minister of Power Adebayo Adelabu dismissed claims that he plans to leave the All Progressives Congress (APC) for the Allied People’s Movement (APM) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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Response to Alleged Talks: Issued through his media aide Femi Awogboro in Ibadan, the statement addressed reports that his personal assistant, Ajiboye Akande, held talks with APM members to arrange a party switch, labeling the rumors as false, baseless, and mischievous.
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Commitment to APC and President Tinubu: Adelabu reaffirmed his dedication to the ruling party, maintaining his high regard for President Bola Ahmed Tinubu as his political mentor and pledging to abide by legitimate decisions made by the party’s leadership.
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‘IT STARTED UNDER BUHARI’: Budget Office Blows The Lid Off PFIPC Origins In Explosive Revelation!.
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Origin and Budget Inclusion: Budget Office Director-General Tanimu Yakubu explained that the Presidential Foreign Intervention Promotion Council (PFIPC) traces its institutional roots back to the Presidential Economic Advisory Council (PEAC) established under late President Muhammadu Buhari on October 9, 2019. The Budget Office included it in the 2026 budget after receiving official instruments from authorized bodies, such as an administrative code from the Accountant-General and an establishment approval and recruitment waiver from the Head of the Civil Service.....KINDLY READ THE FULL STORY HERE▶
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Reduction of Personnel Estimates: The Budget Office independently slashed the council’s initial personnel estimate request of 3.85 billion naira down to 802.98 million naira using official salary frameworks and recruitment waivers, representing about 61.63% of the total 1.303 billion naira appropriation.
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Lack of Financial Clearance and Disbursements: Yakubu clarified that no funds were ever drawn or disbursed because the council’s promoter, Adeyemi Adeniyi, failed to secure the required Financial Clearance and approval from the National Salaries, Incomes and Wages Commission. Consequently, no lawful recruitment took place, no payroll was opened, and not a single kobo of personnel expenditure was spent or needs to be recovered.
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