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Naira Under Pressure As Dollar Nears ₦1,500 At Black Market.

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According to Nivo News, the naira continued to face pressure against the United States dollar at the parallel market as trading opened for Sunday, December 28, 2025, with the local currency weakening further amid persistent forex demand.....KINDLY READ THE FULL STORY HERE▶

Market operators at the Lagos parallel market disclosed that the dollar was sold at ₦1,475, while buyers purchased the foreign currency at ₦1,467. These rates reflect ongoing volatility in the informal forex segment, where prices often fluctuate based on demand and supply conditions.

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Traders noted that exchange rates in the black market are not fixed and may vary slightly across locations, as transactions are largely driven by negotiations between buyers and sellers.

Meanwhile, official figures showed that the Central Bank of Nigeria’s exchange rate for the dollar remained significantly lower. Data available indicated that the highest official rate stood at ₦1,455, while the lowest rate was ₦1,435.

The apex bank has repeatedly maintained that it does not recognize transactions conducted in the parallel market and has advised individuals and businesses seeking foreign exchange to channel their requests through licensed commercial banks.

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Forex analysts observed that the persistent gap between the official and black market rates continues to reflect pressure on the naira, while urging market participants to note that actual buying or selling prices may differ slightly from published figures due to daily market dynamics.

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“Being Arrogant Is Good” — Burna Boy’s Mother Defends Son Amid Heavy Backlash.

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Singer Burna Boy’s mother, Bose Ogulu, has come to his defence following widespread criticism on social media.....KINDLY READ THE FULL STORY HERE▶

Reports indicate that Burna Boy has recently faced backlash online over claims of arrogance, intensified by an incident involving his confrontation with Wizkid’s DJ, DJ Tunez, at a Lagos club. The altercation reportedly escalated into a social media clash between Burna Boy and Wizkid.

Reacting to the controversy, some Nigerians accused the singer of being habitually aggressive and described his behaviour as arrogant.

However, in an interview with Ebuka Obi-Uchendu on Channels Television, Bose Ogulu defended her son’s conduct, stating that she has no issue with how he is perceived.

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When asked whether she was bothered by Burna Boy being labelled arrogant or how she manages his brand, she replied that she is unfazed by such descriptions.

“I don’t mind honestly, I don’t mind at all. Any adjective they want to attach to you is okay. The thing is, who are you? If knowing your worth and carrying yourself as such is arrogance, then it is a good thing, and I can’t apologise for that,” she said.

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She further explained that society often expects people to downplay their worth.

“We were born into a world where we were expected to put our heads down. First is the colour of your skin, the colour of your passport, for me, my gender. So I don’t understand that concept. If I know something, I know it, and I expect you to recognise it. And if you don’t, then put me to the test,” she added.

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LP: Appeal Court Ruling Victory For Rule Of Law – Usman.

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The Interim National Chairman of the Labour Party, Nenadi Usman, has reacted to the Court of Appeal judgment in her favour, describing it as a victory for democracy, justice, and the rule of law.....KINDLY READ THE FULL STORY HERE▶

Speaking in an interview on Arise News on Wednesday, Usman said she was deeply grateful for the court’s decision, which she believes affirmed fairness and justice.

“I honestly was happy and grateful to Almighty God because I felt it was a victory for democracy, I felt it was a victory for the rule of law. I felt the right thing had been done. I felt it was all about justice and fairness,” she said.

She also appreciated the judiciary, members of the Labour Party, and Nigerians who showed solidarity during the legal tussle.

“I must thank the judiciary for what they have done… I also want to thank members of the Labour Party and Nigerians who have been calling to express solidarity. I am sincerely very grateful,” she added.

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Usman cautioned against generalising the judiciary, noting that like every profession, it has both competent and less effective individuals.

On the party’s internal crisis, she said the multiple lawsuits filed in different courts were aimed at destabilising the Labour Party.

“It was a case to destabilise the party… nothing less than eight different cases in eight different courts, all seeking one relief,” she said.

Addressing concerns over her leadership, Usman insisted it remains recognised, citing a recent verification exercise conducted by the Independent National Electoral Commission (INEC), which she said went smoothly with participation from members across factions.

She disclosed that the party had already begun reconciliation efforts and internal restructuring, including ward congresses leading up to a national convention.

“Tomorrow we are starting our congresses… it’s going to culminate into the national convention,” she said.

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Usman emphasised that political leadership is temporary, but the party must remain strong and united.

“You come, you go, but the party should remain,” she stated.

She expressed optimism about reconciliation among aggrieved members, urging unity and an end to legal battles.

“I just wish he would bury the hatchet… pay the 10 million Naira imposed on him, and then let’s build the party,” she added.

She further stressed the importance of internal conflict resolution mechanisms within political parties to avoid unnecessary court cases.

Looking ahead, Usman said Nigerians should expect a Labour Party rooted in social justice, inclusion, and equal opportunity, urging wider participation in party activities.

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Victory In Court As Charges Against MKO’s Widow Are Dismissed, ₦100m Compensation Ordered.

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A High Court of the Federal Capital Territory (FCT), Abuja, has dismissed all allegations filed by the Nigeria Police Force against Prof. Zainab Duke-Abiola, widow of the late Chief M.K.O. Abiola.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment, Justice E. Okpe described the actions of the police as inhuman, degrading, and a violation of the claimant’s constitutional rights, holding that her fundamental human rights were clearly breached.

The court consequently awarded ₦100 million in damages against the Nigeria Police Force, former Inspector-General of Police Usman Alkali Baba, and four other defendants.

Prof. Duke-Abiola had approached the court over alleged harassment and a media trial linked to claims that she assaulted her police orderly. Other defendants in the suit included Inspector Teju Moses and the FCT Commissioner of Police, Ibrahim Umar.

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She firmly denied the allegations, insisting she never assaulted her orderly. According to her, “Contrary to the defamatory statement… I never assaulted my former orderly neither did I instruct anyone else to do so.”

She further argued that the alleged incident could not have occurred in her residence, stating that CCTV cameras in her home would have captured any such event.

“I was never a suspect but a victim of a frame-up by the defendants,” she added.

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In his ruling, Justice Okpe held that the police action amounted to a deliberate attempt to frame her, describing it as a case of political persecution.

He said, “What occurred was a forceful abduction, a brazen violation of Professor Abiola’s dignity, liberty and constitutional rights. She was seized without due process, humiliated and unlawfully detained.”

The court dismissed all charges against her, ordered the police to publish a public apology in two national newspapers, and issued a perpetual injunction restraining further harassment or intimidation of the claimant.

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