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Traders Desperate Amidst Grief As Blaze Consumes Iconic Market In Kwara State

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Traders Desperate Amidst Grief As Blaze Consumes Iconic Market In Kwara State....KINDLY READ THE FULL STORY HERE▶

In the early hours of Tuesday morning, a tragic fire broke out at Owode Market in Offa, Kwara State…READ ALSOCrowd Takes Justice Into Their Own Hands, Lynching Suspected Motorcycle Thief In Kwara State

 

 

Reports indicate that the blaze resulted in the destruction of multiple shops, leaving shop owners devastated over the loss of their belongings, as seen in a viral online video.

“This intensity of light is excessive. It’s not caused by NEPA (electricity). Perhaps some people were cooking, and the fire originated from there because the light is too much,” remarked one of the traders in the video.

According to a local source, the fire was extinguished by personnel from the Federal Fire Service and Kwara State Fire Service. Approximately five shops were reportedly affected by the inferno, with the assessment of damages still ongoing.

“There are various speculations regarding the cause of the fire until we receive an official statement from the fire service,” the source stated.

This incident follows a similar one eight months ago, when a residential building in the same town was engulfed in a midnight fire, resulting in property damage estimated at N6.5 million.

Hassan Adekunle, spokesperson for the Kwara State Fire Service, confirmed the recent fire outbreak and emphasized that the swift response of firefighters prevented further losses estimated at N13.3 million.

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“The Clear Choice”: Baba-Ahmed Backs Donald Duke For Presidency, Predicts Certain Win!.

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Datti Baba-Ahmed, a prominent chieftain of the Peoples Redemption Party (PRP), has made a bold assertion regarding the upcoming presidential race, claiming that former Cross River State Governor, Donald Duke, possesses the strength to defeat both President Bola Tinubu and Peter Obi, provided the electoral process remains free and fair.....KINDLY READ THE FULL STORY HERE▶

Endorsing a “Highly Qualified” Candidate Speaking during an interview on Symfoni TV, Baba-Ahmed, a former political ally of Peter Obi, praised the newly emerged PRP presidential candidate. He described Duke as one of Nigeria’s most capable political figures, arguing that the public has yet to fully grasp the extent of his leadership credentials and widespread national appeal.

“Don’t Underestimate Him” Baba-Ahmed emphasized that Duke’s political viability should not be dismissed, pointing to the 2023 general election as a cautionary tale. He noted that many observers significantly underestimated Peter Obi’s potential during that cycle and warned that the electorate might be making a similar mistake by overlooking Duke’s surging momentum in the lead-up to the next election.

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Showdown In Court: Judge Rejects Sowore’s Plea, Sets Daily Trial Schedule For Defamation Case

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The Federal High Court in Abuja has issued a stern directive to Omoyele Sowore, the publisher of Sahara Reporters and former presidential candidate, to immediately open his defence in the criminal defamation trial brought against him regarding remarks made about President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶

The Courtroom Showdown On Thursday, Justice Mohammed Umar rejected a plea from Sowore’s legal team to adjourn the proceedings until after the court’s upcoming vacation. Sowore’s counsel, Marshall Abubakar, had attempted to delay the trial, citing his client’s desire to focus on preparations for next year’s presidential election. However, the judge dismissed this request, ruling that the criminal trial must proceed on a day-to-day basis, adhering to the provisions of the Administration of Criminal Justice Act.

Failed Attempt to Stall The trial, which is being prosecuted by the Department of State Services (DSS), follows allegations that Sowore labeled President Tinubu a “criminal” in posts shared on his and Facebook accounts.

During the hearing, prosecuting counsel Akinlolu Kehinde (SAN) highlighted that the Chief Judge of the Federal High Court had already officially declined Sowore’s May 19 request to have the case reassigned to a different judge. Justice Umar reviewed the Chief Judge’s response in open court and agreed with the prosecution, noting that there was no instruction for the defendant to file further applications to stall the process.

“Proceed or Be Foreclosed” The prosecution strongly opposed any further delays, with Kehinde asserting that the law leaves no room for “dilatory practice” in criminal trials. He warned that the defence must either commence their case or risk being foreclosed from doing so. Following the judge’s final ruling, the matter was adjourned to Friday, June 5, for the formal opening of the defence.

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Breaking: Forex Market Update – Naira Defies Volatility To Open At ₦1,361!.

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If you are looking for the current Dollar to Naira exchange rates, here is the breakdown for the parallel (black) market and the Central Bank of Nigeria (CBN) figures as of Thursday, June 4, 2026.....KINDLY READ THE FULL STORY HERE▶

Parallel Market (Aboki FX) Rates

In the Lagos parallel market, Bureau De Change (BDC) sources reported the following rates for the US Dollar:

  • Buying Rate: ₦1,380 per Dollar

  • Selling Rate: ₦1,395 per Dollar

CBN Official Rates

The official exchange rates reported by the Central Bank of Nigeria are as follows:

  • Lowest Rate: ₦1,356 per Dollar

  • Highest Rate: ₦1,361 per Dollar

Important Disclaimer: Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The bank advises individuals seeking to conduct foreign exchange transactions to utilize their respective commercial banks. Additionally, please note that actual rates available for buying or selling may fluctuate and could differ from those listed here due to market volatility and local variations.

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