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Naira Under Pressure As Black Market Dollar Hits ₦1,475 In Fresh Surge.

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The Dollar to Naira exchange rate continued to draw attention on Thursday as traders in the Lagos parallel market maintained active demand for foreign currency. According to Nivo News, dealers at the black market sold the US dollar for ₦1,475 and bought at ₦1,462 on November 27, reflecting ongoing fluctuations in the Forex environment amid persistent market pressures.....KINDLY READ THE FULL STORY HERE▶

Market operators disclosed that the rates remained largely influenced by the level of liquidity and speculative activities within the informal exchange window. Despite the heavy reliance on the parallel market by many Nigerians, the Central Bank of Nigeria reiterated that it does not recognise black market transactions and encouraged citizens seeking foreign exchange to approach their banks for officially approved rates.

At the official window, data monitored by Nivo News showed that the CBN rate for November 27 stood between ₦1,446 at its highest point and ₦1,442 at its lowest. Observers note that the disparity between official and parallel market rates continues to shape economic conversations across the country.

Forex analysts warn that individual buying and selling rates may differ from these figures, depending on location and market conditions, as currency prices remain subject to constant adjustments.

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‘Tribe Over Nigeria?’ – Laide Olabanji Tackles Yorubas Opposing Peter Obi.

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Nollywood actor Laide Olabanji has criticised some Yoruba people for allegedly prioritising ethnic loyalty over competence in their political choices, arguing that they would rather support a leader from their tribe, even if the person damages the country, than give the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, an opportunity.....KINDLY READ THE FULL STORY HERE▶

reports that Olabanji made the remarks in a video shared on Instagram, where he claimed that Obi’s only offence in the eyes of some of his critics was that he is not Yoruba.

The actor expressed disappointment over what he described as tribal loyalty among some Yoruba people, insisting that Obi was a better option than several other politicians.

Olabanji also questioned the political decisions Nigerians had made in previous elections, arguing that some of those choices contributed to the challenges facing the country today.

He further cited the administration of former Head of State, Murtala Muhammed, urging his Yoruba audience to remember that their parents and grandparents benefited from his leadership despite him not belonging to their ethnic group.

Speaking in the video, Olabanji said, “Peter Obi did not offend you. His only offence is that he is not from your tribe. Meanwhile, you know he is far better than any of them. Stop using tribalism to destroy people’s future. I’m telling you for free, Peter Obi is Nigerians’ choice.

“I am ashamed of some Yoruba people. So, you prefer your tribe person to destroy Nigeria than give another tribe a chance to fix things?”

The actor urged Nigerians to prioritise competence over ethnic identity when choosing their leaders, warning that tribal considerations could prevent the country from making better political decisions.

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FIFA Presidential Election: Arsenal Boss Declares Position On Possible Candidacy.

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Former Arsenal manager Arsène Wenger has ruled himself out of the FIFA presidential election, a development that could strengthen the chances of incumbent president Gianni Infantino securing a fourth term in office.....KINDLY READ THE FULL STORY HERE▶

reports that Wenger, who currently serves as FIFA’s Chief of Global Football Development, had considered challenging Infantino but eventually decided not to enter the race, according to the BBC.

His decision comes amid growing opposition to Infantino, particularly following the collapse of his proposal to sell commercial stakes in the World Cup to private investors.

European football governing body UEFA had been expected to back Wenger if he chose to contest the presidency. However, French newspaper L’Équipe reported on Saturday that the former Arsenal manager was unlikely to challenge his boss.

Wenger enjoys considerable respect across the football community, and his withdrawal has disappointed those hoping to prevent Infantino from securing another term.

An influential figure among stakeholders opposed to the FIFA president described Wenger’s decision as “a real shame.”

“Even if not perfect, I do think he could have galvanized many around the world,” a source told BBC Sport.

Despite Wenger’s decision, UEFA is reportedly searching for an alternative candidate ahead of Wednesday’s nomination deadline.

Former Tottenham defender Ramon Vega became the first person to declare his intention to contest the election in October. Japan Football Association honorary president Kozo Tashima has also expressed interest in the position.

However, Tashima, 68, was yet to secure the five endorsements required from member associations before Wednesday’s deadline, although sources said he was “still fighting hard”.

Wenger has traditionally maintained a close relationship with Infantino but previously distanced himself from the abandoned World Cup investment proposal.

“I was not involved in this strategic plan and first became aware of the project through media reports,” Wenger said at the time.

“The decision to withdraw the project was absolutely necessary and beyond question, because I firmly believe in an independent Fifa that serves our game with commitment, transparency and integrity.”

Meanwhile, Infantino continues to enjoy considerable support from football associations across South America, Africa and Asia.

The FIFA president recently claimed he had the backing of the “vast, vast majority” of the global football community as he seeks another term in office.

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He’s A Baby Politician’ – Okpebholo Fires Fresh Shot At Peter Obi.

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Edo State Governor, Monday Okpebholo, has described the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, as a “baby politician.”....KINDLY READ THE FULL STORY HERE▶

reports that the governor made the remark during an interview with Symfoni TV, where he questioned Obi’s political standing and recounted an encounter involving the former Anambra State governor in Edo State.

While dismissing Obi’s political influence, Okpebholo said he did not concern himself with what he described as baby politicians.

The governor recalled that he had previously asked Obi to inform him before visiting Edo State but claimed he was unaware of the former governor’s visit to the state.

According to Okpebholo, the only occasion he saw Obi in Edo was during a church service following the death of an archbishop.

He said he only discovered Obi’s presence after watching a video of himself delivering a speech at the event, during which the NDC candidate was seen responding with “Amen” as he prayed.

Okpebholo said, “The other time I told him (Peter Obi) if he is coming to Edo, he should let me know but you are the one telling me now, I didn’t know.

“The only time I saw him in Edo, he came and was in the church when the archbishop died. I didn’t know that he was there until I was watching the video where I was making a speech and I saw that while I was praying he was saying amen.

“So he is already acknowledging a stronger politician. These are baby politicians and I don’t talk about baby politicians.”

Meanwhile, the National Coordinator of the Social Democratic Party (SDP) Presidential Campaign Council, Yunusa Tanko, has denied reports that he insulted Peter Obi.

Tanko dismissed the reports circulating online as fabrications allegedly aimed at damaging his reputation and creating a rift between him and his former principal.

His response was contained in a statement issued on Saturday by Mark Adebayo, Chief Media and Communications Adviser to the Adebayo-Bugaje Presidential Campaign Council.

Tanko, who previously served as Obi’s political adviser and coordinated the Obidient Movement, maintained that he had no reason to insult the former Anambra governor.

He said, “I can never insult His Excellency, Mr Peter Obi. We parted ways peacefully and with absolute mutual understanding. Politics is about vision and service, never about bitterness or personal attacks.”

He added that he was confident Obi would disregard the reports because of the mutual respect between them.

Tanko also reiterated his appreciation to the former Anambra State governor for the opportunities he had given him.

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