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CBN Sells Over $300m To Banks As Naira Gains
CBN Sells Over $300m To Banks As Naira Gains....KINDLY READ THE FULL STORY HERE▶
The Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks (DMBs) in the past two weeks in a bid to stabilize the naira-dollar exchange rate. This move comes amidst efforts to address the rapid depreciation of the naira in recent times…….CONTINUE READING
An advisory memo from the Association of Corporate Treasurers of Nigeria informed its members about the CBN’s intervention, stating that the bank sold over $200 million to banks at rates below N1,500 per dollar. Additionally, the CBN sold FX to banks at rates around $1,450 on two consecutive days.
The initiative aims to provide stability in the foreign exchange market, where rates at the official market had surged as high as N1,850/$. The CBN’s intervention helped to ease the pressure on the naira, resulting in an appreciation against the dollar.
Despite recent fluctuations, the naira strengthened against the dollar at the official market, closing at 1,582/$ on Monday, representing a 0.75% increase from the previous trading day. However, at the parallel market, the naira slipped slightly to between N1,555/dollar and N1,560/dollar, influenced by market sentiment.
The recent appreciation of the naira follows interventions by the CBN and the Economic and Financial Crimes Commission (EFCC), which cracked down on currency speculators in Abuja and Lagos. The EFCC’s raids on street traders and the clampdown on black market operators contributed to the positive market sentiment.
In addition to these measures, the CBN has implemented various policies to stabilize the foreign exchange market, including restricting cash payments for personal and business travels and promoting electronic payouts for allowances.
Furthermore, the Federal Government is reportedly working on raising $10 billion to enhance liquidity in the forex market. Additionally, efforts to curb illicit funds movement led to the blocking of online platforms of crypto firms suspected of manipulating the forex market.
Overall, the CBN’s interventions and government initiatives are aimed at restoring stability in the forex market and ensuring the value of the naira against major currencies.
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UNICEF Breaks Silence! The Truth Behind The Viral Photos Of Messi And Baby Lamine Yamal!.
UNICEF has officially authenticated the viral images of Lionel Messi bathing an infant Lamine Yamal, confirming they are not digitally altered.....KINDLY READ THE FULL STORY HERE▶
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Origin: The images were captured over 18 years ago by Spanish photographer Joan Monfort during a UNICEF charity calendar photoshoot intended to raise funds.
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Participants: The shoot featured a young Lionel Messi, the infant Lamine Yamal, and Yamal’s mother, Sheila.
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Clarification: UNICEF addressed public skepticism and rumors of image manipulation by explicitly confirming the authenticity of the photos on their platform.
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Current Roles: Both Messi and Yamal now serve as UNICEF Goodwill Ambassadors, utilizing their respective platforms to advocate for children’s rights globally.
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Symbolism: Many fans view the resurfaced images as a symbolic “passing of the torch” between two football generations, a sentiment highlighted as Messi’s Argentina prepares to face Yamal’s Spain in an upcoming FIFA World Cup match.
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Ambassadorial Nomination Under Fire: Frank Tie Tie Exposes ‘Mistake’ Regarding Ex-FUOYE VC Fasina!.
Human rights lawyer Frank Tietie has criticized the nomination and subsequent confirmation of Professor Abayomi Fasina, the former Vice-Chancellor of the Federal University, Oye-Ekiti, as a non-career ambassador designate.....KINDLY READ THE FULL STORY HERE▶
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Prior to his confirmation, a coalition of civil society organizations protested at the National Assembly on July 7, 2026, opposing Fasina’s nomination due to pending court cases involving allegations of sexual harassment, human rights violations, and victimization.
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Despite these protests, the Nigerian Senate officially confirmed Fasina’s appointment as a non-career ambassador on Thursday.
Frank Tietie’s Position
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During an interview on ARISE Television, Tietie argued that nominating an individual with such “baggage” was a mistake, emphasizing that ambassadors represent Nigeria in the same capacity as the President.
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Tietie stated that the government should have sent the “right signals” by avoiding such controversial appointments, especially given the current state of governance.
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He argued that even in the absence of a final court judgment, the allegations themselves have “tainted” Fasina’s reputation, and the Senate should have delayed the confirmation until the legal matters were resolved.
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Tietie also suggested that the National Assembly’s decision overlooks significant social changes regarding how such allegations are now viewed by society.
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“They Want Me Gone!” Peter Obi Speaks Out Amidst Mounting Assassination Fears!.
Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has publicly claimed that there was an orchestrated plan to assassinate him in April 2025 during a scheduled humanitarian trip to Benue State. He detailed these allegations during a high-level roundtable discussion in Berlin, Germany.....KINDLY READ THE FULL STORY HERE▶
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The Venue: Obi made the disclosure while participating in the “Nigeria in 2027 and Beyond” roundtable, an event organized by the European Council on Foreign Relations (ECFR) in Berlin.
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The Benue Incident: The former Anambra State governor explained that his planned outreach in Benue State was initially halted after the state government issued a cautionary directive advising him against making the trip.
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The Attack: Obi claimed that a shootout actually occurred when he attempted to visit the location, confirming his fears of an active plot against his life.
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Frustration Over Skepticism: Expressing deep disappointment over the state government’s handling of the situation and the public’s doubt regarding his safety, Obi challenged the skepticism. He emphatically asked, “What else do you need? Do you need somebody to die before you believe it? There was already a shootout when I tried to visit the place. Once they said, ‘Don’t come here.’ What else do you want me to tell you about the attempt on my life.”
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