latest
The Exchange Rate Report: How The Dollar Is Trading Against The Naira Today!.
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Overview of Parallel Market Rates: The report outlines the parallel market (black market) exchange rates for the United States Dollar against the Nigerian Naira, noting that Bureau De Change sources reported selling rates at ₦1425 and buying rates at ₦1410.....KINDLY READ THE FULL STORY HERE▶
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Official Stance: It highlights that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market and advises individuals seeking foreign exchange to utilize authorized commercial banks.
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Official CBN Rates: The summary also details the official Central Bank of Nigeria exchange figures, showing reported highest and lowest rates for the dollar.
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Market Variances: The text notes that actual transaction rates can fluctuate depending on individual vendors and shifting market conditions.
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Wike Drops Hammer: Okada And Keke Face Total Ban Over Rising Security Threats In Abuja!.
During his monthly media chat on Tuesday, Federal Capital Territory (FCT) Minister Nyesom Wike announced that commercial motorcycles (Okada) and tricycles (Keke Napep) could soon be prohibited in parts of Abuja due to rising security threats.....KINDLY READ THE FULL STORY HERE▶
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Security Recommendations: Wike noted that the decision follows advice from the FCT Security Council, driven by intelligence reports connecting motorcycles to criminal activities and banditry.
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Targeted Prohibitions: While a total city-wide ban is currently impractical due to Abuja’s scale and public transportation demands, Wike has approved enhanced security logistics and directed security agencies to map out specific areas where these operations will be restricted.
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Tackling Destitute Beggars: Addressing the persistent issue of street beggars, Wike explained that continuous evacuation efforts yield only temporary results because Abuja is centrally bordered by four states (Kogi, Nasarawa, Niger, and Kaduna). He noted that sustaining a full rehabilitation or feeding program would inadvertently encourage an influx of people from neighboring states, making repatriation the primary approach despite recurring challenges.
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Exposed: How Alleged Coup Cash Rained Down On Soldiers And Clerics!
.....KINDLY READ THE FULL STORY HERE▶
Military investigators have tracked over ₦700 million across 47 different payments linked to an alleged 2025 plot to unseat the administration of President Bola Tinubu, according to records reviewed by PREMIUM TIMES.
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The Funding Source: Investigators allege that former Bayelsa State governor Timipre Sylva funneled ₦785 million through Purple Waves Limited, an Abuja-based real estate and construction firm that allegedly acted as a financial conduit. Sylva, believed to be outside the country, has denied any involvement.
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The BDC Operator: Funds were routed to Abdullahi Sani Mohammed, a Kano-based Bureau de Change operator, who disbursed the money under the directives of the suspected mastermind, Col. Mohammed Ma’aji.
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Coded Communication: The conspirators reportedly used agricultural terminology to mask their activities—referring to the plot as “farming,” logistics as “fertilizers,” execution day as the “harvest,” and clerics providing spiritual backing as “technical partners”.
Disbursements to Military Personnel
Investigators report that multiple active and retired service members received funds for designated operational assignments:
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Lt. Col. Shamsudeen Bappah: Allegedly received ₦5 million to secure the 102 Battalion in Zuma, Niger State.
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Lt. Felix Sunday Stephen: Allegedly received a total of ₦17 million for intelligence gathering and disrupting flight operations at a Lagos airport.
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Maj. Mundi Usman: Reportedly received multiple transfers totaling ₦25 million for an assigned operation at the Presidential Villa.
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Squadron Leader Zuzu Noel Goddy & Squadron Leader Sani Bubara Adamu: Each allegedly allocated funds to deploy gun trucks and target the Air House in Abuja.
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Other Personnel: Additional funds were traced to other military figures, including former Capt. Abubakar Mohammed, Corporal Aliyu Ibrahim, and Warrant Officer Nasiru Ibrahim.
Clerics and Corporate Beneficiaries
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Spiritual Support: Islamic cleric Goni Bukar emerged as a major individual beneficiary, receiving ₦50 million across three tranches for what investigators claim was spiritual backing. Bukar maintained that the funds were strictly for charity, prayers, and mosque activities.
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Corporate and Business Accounts: Funds were also channeled through various commercial entities and business owners, including Cutzbytz Cakes, Co-fran Spinfluence, Aduko Engineering Services, and auto dealer Ahmed Abdulganiyu.
Legal Status and Trials
The allegations remain subject to judicial determination as multiple legal proceedings unfold:
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Thirty-six military personnel are currently facing trial before a General Court Martial in Abuja.
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Six other defendants are standing trial before Justice Joyce Abdulmalik at the Federal High Court in Abuja, where defense teams have challenged the admissibility of certain extra-judicial statements.
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“I Will Question God!” Peter Obi Makes Explosive Confession Over His Journey Into Politics
During a recent meeting with his supporters, Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), shared personal reflections on his transition into politics.....KINDLY READ THE FULL STORY HERE▶
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Regret Over Comfort: Obi revealed that if he ever had the chance to question God, he would ask why he was nudged out of his comfort zone to enter the political arena.
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Faith and Service: Acknowledging that his current position is by the grace of God, he emphasized that wherever individuals find themselves, they must serve the best interests of the masses.
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Stewardship: He noted a strong commitment not to abuse divine grace, whether operating in a private, corporate, or governmental capacity.
David Umahi Urges Southeast to Reject Obi, Back Tinubu
Minister of Works Senator David Umahi has publicly advised Nigerians and the people of the Southeast against voting for Peter Obi, throwing his full support behind President Bola Tinubu’s potential re-election bid.
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Focus on Infrastructure: Speaking during an inspection of the Trans-Saharan Highway and Cross River–Abuja legacy projects, Umahi credited Tinubu’s administration with impactful infrastructure developments in the Southeast.
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No Risk on Abandoned Projects: Umahi warned against taking risks with alternative candidates, arguing that changing leadership often leads to a cycle of abandoned projects, whereas Tinubu’s administration is committed to completion.
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Key Progress Highlighted: He pointed to the Enugu-Onitsha expressway—slated for full completion with solar lighting, tree planting, and security tolling by December—as a major success story under the current government.
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Response to Critics: Addressing backlash over his remarks, Umahi stated that he welcomes the criticism because it proves his work is drawing attention, clarifying that his opposition is strictly electoral rather than personal.
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