Connect with us

latest

Yuletide Rush Fails To Shake Naira As FX Market Records Calm Trading.

Published

on

According to Nivo News, the Nigerian naira recorded mild movements against the United States dollar on Christmas Eve, Tuesday, December 24, 2025, as trading commenced across both the official and parallel foreign exchange markets.....KINDLY READ THE FULL STORY HERE▶

Checks across the Nigerian Foreign Exchange Market and major Bureau De Change hubs indicated that the local currency remained largely stable, defying the usual surge in demand associated with the festive season.

At the official trading window, the naira exchanged at an average of ₦1,453.70 to the dollar, showing a slight appreciation from the ₦1,461.50 rate recorded at the close of the previous trading session. Market data revealed that the currency initially weakened to about ₦1,460.75 per dollar in early trades before strengthening later in the day as liquidity conditions improved.

The Central Bank’s reference mean rate hovered around the ₦1,454 mark, reflecting relative calm and balance in the official segment of the market. Market watchers noted that the official window demonstrated resilience despite increased demand for travel allowances and corporate-related payments during the holiday period.

In the parallel market, the dollar continued to trade at a premium over the official rate, although the gap remained modest. Findings from BDC operators in Lagos and Abuja showed buying rates ranging between ₦1,465 and ₦1,475, while selling prices stood between ₦1,480 and ₦1,490 per dollar. The sustained demand in the informal market was largely attributed to retail buyers seeking quick access to foreign currency for holiday expenses.

Financial analysts observed that the narrow spread between the official and parallel markets reflects the impact of ongoing foreign exchange reforms and convergence efforts by monetary authorities. They also noted that the stability seen toward the end of 2025 marks a departure from the sharp volatility typically experienced during past festive seasons.

Experts further attributed the calmer market to improved transparency in price discovery under the reformed FX framework, alongside a more balanced supply-and-demand structure that has reduced speculative pressure on the naira.

As the year draws to a close, market participants expect the naira to trade within the ₦1,450 to ₦1,500 range, barring any major external shocks such as sudden changes in oil prices or global capital flows. For now, the currency appears poised to end the year on a steadier note, offering cautious optimism to businesses and investors.

Advertisement

latest

Breaking: PDP Meets INEC Deadline Over Missing Candidates Ahead Of 2027 Elections.

Published

on

The Peoples Democratic Party (PDP) has announced that it met the deadline set by the Independent National Electoral Commission (INEC) to correct the omission of some of its candidates’ names from the electoral commission’s published list ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

The party’s National Organising Secretary, Captain Umar Bature (rtd.), disclosed this, confirming that the PDP submitted the necessary corrections before the October 24 deadline.

“Yes, we met the deadline since,” Bature told Vanguard.

He explained that the omissions affected governorship candidates in two states, as well as several candidates contesting seats in the State Houses of Assembly.

Meanwhile, former Minister of Communications and Digital Economy, Isa Ali Pantami, has alleged that some individuals are working to undermine his governorship ambition in Gombe State.

Pantami, who is the PDP’s governorship candidate in the state, vowed to publicly reveal the identities of those allegedly involved in the plot.

In a video shared on his Facebook page, the former minister said investigations had confirmed the allegations and claimed that considerable resources had been deployed to frustrate his political movement.

“Our investigations have now confirmed that these allegations are true. There is no amount of money or effort that has not been expended in an attempt to scuttle this movement,” he said.

His comments followed INEC’s omission of his name from the final list of governorship candidates for the 2027 election.

Despite the uncertainty surrounding his candidacy, Pantami urged his supporters to remain committed to their cause and avoid being discouraged by criticism or the ongoing controversy.

He also expressed appreciation to residents who had organised prayer sessions in support of his governorship ambition, describing their dedication as a source of encouragement.

“You canvassed support, mobilised people, enlightened them and remained steadfast throughout this period. This is commendable, and this is a sign of true piety.

“Do not relent. Do not be angry or discouraged, because you are the ones who will be elevated, provided you remain steadfast in your belief in Allah,” he said.

Continue Reading

latest

Tinubu Shakes Up Government, Gives Keyamo, Others Fresh Appointments.

Published

on

The Minister of Aviation and Aerospace Development, Festus Keyamo, has been appointed to lead air travel arrangements for President Bola Tinubu’s re-election campaign ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

Keyamo will serve as Director of the Directorate of Air Mobilisation under the All Progressives Congress (APC) Presidential Campaign Council.

The President also appointed the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, and Farouk Umar as Deputy Director I and Deputy Director II of the directorate, respectively.

The appointments were announced in a statement issued by Tunde Moshood, Keyamo’s Special Adviser on Media and Communications.

Moshood explained that the directorate was established to oversee air transportation and logistics for the APC’s nationwide campaign activities.

According to him, the unit will coordinate air travel for designated officials and campaign staff, while arranging flights to support campaign events across Nigeria’s six geopolitical zones.

He added that the directorate would work closely with other campaign departments to ensure effective coordination, efficient use of resources and compliance with aviation regulations and electoral laws.

The statement highlighted Keyamo’s experience as aviation minister, noting his efforts to strengthen Nigeria’s aviation industry, improve its international standing and position the country as a leading aviation hub in Africa.

It added that his knowledge of the aviation sector would be valuable in managing the operational demands of the directorate and developing an effective framework for coordinating air transportation during the campaign.

“His familiarity with the operational demands of the aviation industry is expected to provide useful leadership in coordinating the directorate’s activities and establishing an effective framework for air-mobilisation planning,” the statement read.

Moshood further stated that the appointments of Kuku and Umar would strengthen the directorate by bringing additional leadership experience and technical expertise from the aviation sector.

“The appointment of Mrs. Olubunmi Kuku and Umar as Deputy Directors also brings aviation-sector leadership and technical experience into the directorate, strengthening its capacity to address the planning and coordination demands associated with nationwide campaign movements,” the statement added.

Continue Reading

entertainment

Drama As Regina Daniels Reacts To Leaked Video Purportedly Showing Her And Mother Clashing.

Published

on

Nollywood actress Regina Daniels has reacted after a controversial video surfaced online, purportedly showing her involved in a heated exchange with her mother, Rita Daniels.....KINDLY READ THE FULL STORY HERE▶

In the viral clip, a young woman believed to be Regina is seen standing on a balcony and shouting at another woman who appears to be downstairs and outside the camera’s view.

During the exchange, the young woman is heard questioning why she should respect the woman, making a serious allegation involving the woman’s son. However, viewers are divided over whether she used the word “raped” or “raked” in the video.

The young woman is also heard accusing the woman of changing her behaviour whenever a man gives her money.

The individual recording the incident claims that the people involved are Regina and her mother, Rita Daniels. The person further alleges that Regina accused her mother of knowing about an alleged assault involving her brother and of collecting money from men at her expense.

However, the identities of the individuals in the footage and the allegations made in the clip have not been independently confirmed. The video is also unclear, making it difficult to establish the full context of the exchange.

Following the video’s circulation, some social media users criticised the woman believed to be Regina’s mother over the allegations about money and men, while others expressed concern over the alleged assault claims involving the actress and her brother.

Amid the speculation surrounding the footage, Regina took to her Instagram Stories to react.

In her post, the actress appeared to address bloggers and the attention surrounding her personal life, writing:

“Okayyy quick question and out of curiosity.

“BLOGGERSSSS! How much money do you make off my name? I mean we could negotiate, I give you more infos, I get a percentage and we all win!

“Fun fact, you would be so intrigued and glued to my life offline. It’s giving some foreign movie shi.

“Or I might just go into the business since I can do it at the comfort of my home.”

Despite her reaction, Regina did not confirm whether she was the person featured in the video. She also did not clarify whether the allegations concerning her mother and brother were true or false.

Continue Reading

Trending