latest
“Naira Crashes To ₦1,550/$ In Parallel Market Amid Economic Turmoil”
The Nigerian Naira continues to face pressure in the parallel market, with a US dollar trading at ₦1,538 for buyers and ₦1,528 for sellers in Lagos on Tuesday, August 26, 2025. Reports from Bureau De Change (BDC) operators indicate that these rates reflect ongoing demand for foreign currency outside official channels.....KINDLY READ THE FULL STORY HERE▶
Authorities at the Central Bank of Nigeria (CBN) have reiterated that the parallel market, often referred to as the black market, is not recognized. Individuals seeking foreign exchange are advised to transact through authorized banks and official channels.
In contrast, the official CBN rate remains relatively stable, with the dollar trading between ₦1,535 and ₦1,537. Market analysts note that rates in the black market are subject to fluctuation, and buyers or sellers may encounter slightly different figures depending on timing and location.
The continued gap between official and parallel market rates underscores the persistent challenges in Nigeria’s foreign exchange market and reflects growing demand pressures in the informal trading space.
entertainment
Tems Shuts Down Dating Rumors: “I Could Never Date A Nigerian Celebrity”.
Grammy-winning artist Tems recently clarified her stance on dating Nigerian celebrities during a BET Awards weekend interview, emphasizing that she views her male colleagues as family rather than romantic interests. When asked about potentially pursuing Super Eagles goalkeeper Maduka Okoye, she noted that while she is aware of who he is, she does not know him personally and prefers to keep her professional circle strictly platonic. In separate news, the singer also opened up on about feeling nervous during her performance at the Obama Presidential Centre dedication in Chicago, where she notably addressed a mix-up regarding the names of Barack Obama’s daughters.....KINDLY READ THE FULL STORY HERE▶
During the recent BET Awards festivities, Tems shut down speculation regarding her interest in dating fellow Nigerian celebrities. The “Higher” singer explained that she maintains a “family” dynamic with her male colleagues, viewing them as brothers rather than romantic prospects. Addressing rumors about Super Eagles goalkeeper Maduka Okoye, Tems stated that she doesn’t have a personal relationship with him and maintains a “no shooting shots” policy within her industry circles. Meanwhile, the artist also took to to reflect on her recent performance at the Obama Presidential Centre in Chicago; she admitted to being nervous during the high-profile event, which included an awkward moment where she mistakenly misidentified the former President’s daughters.
Option 3: Bulleted Summary
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Dating Stance: Tems has publicly stated that she does not date Nigerian celebrities, preferring to view her male counterparts as “brothers” and family.
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The Maduka Okoye Rumors: When asked if she would pursue the Super Eagles goalkeeper, she clarified that she does not know him personally and maintains strict boundaries within the entertainment industry.
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Obama Presidential Centre Appearance: Following her performance at the centre’s dedication in Chicago, Tems shared on that she felt nervous during the event, which was further complicated by a slip of the tongue regarding the names of Barack Obama’s daughters.
latest
No More New Roads! Peter Obi Blows Whistle On Nigeria’s Road Construction Boom.
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Peter Obi, the 2027 presidential candidate for the Nigeria Democratic Congress (NDC), has advised the Federal Government to halt new road projects in favor of repairing and maintaining current infrastructure.....KINDLY READ THE FULL STORY HERE▶
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In a statement issued on Monday, June 29, titled “My Stance on Road Development,” Obi argued that Nigeria’s limited funds should be directed toward fixing failing highways that provide essential connectivity rather than starting new ventures with minimal immediate utility.
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Obi highlighted the Asaba-Benin Road as a critical example, noting that it serves as a vital corridor for travelers from several states across the South-East, South-South, and North-Central moving toward Lagos.
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He expressed concern that the deteriorated state of this and other major highways causes significant traffic, business disruptions, and suffering for commuters.
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The former governor emphasized that the government should focus on creating safe, functional roads that citizens actually need, rather than pursuing projects aimed at attracting public attention or political gain.
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Obi concluded that this strategic approach to infrastructure would facilitate the movement of goods and people, ultimately fostering economic growth and contributing to what he refers to as a “new Nigeria”.
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latest
Total Collapse! Saudi Football Chief Resigns In Shame Following World Cup Humiliation!.
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Yasser al-Misehal, President of the Saudi Arabian Football Federation, has resigned following the national team’s exit in the first round of the 2026 FIFA World Cup.....KINDLY READ THE FULL STORY HERE▶
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The team, known as the Green Falcons, finished at the bottom of Group H with two points after drawing with Uruguay (1-1) and Cape Verde (0-0), and losing to Spain (4-0).
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In a post on , al-Misehal expressed that the team’s early exit did not meet expectations and accepted full responsibility for the performance.
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He stated that he chose to step down before his term ended to allow for a “new chapter” in Saudi football.
Background and Context
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Al-Misehal served as head of the federation for seven years and was instrumental in the kingdom’s successful bid to host the 2034 World Cup, an initiative tied to Saudi Arabia’s goals for economic diversification.
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Despite appearing in their third consecutive World Cup, the campaign was a disappointment following a period of poor form that included the departure of coach Hervé Renard after a series of underwhelming friendlies in March.
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Renard had previously returned to lead the team after replacing Roberto Mancini.
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This resignation comes amid massive financial investment in the sport, with nearly $2 billion spent over the past three years to elevate the Saudi Pro League, which has recruited international stars such as Cristiano Ronaldo, Neymar, and Karim Benzema.
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