Connect with us

latest

CURRENCY SHOWDOWN: Dollar Slams Hard Against Naira As New Exchange Rates Emerge!

Published

on

The Nigerian currency, the Naira (₦), maintained its resilience against the United States dollar at the official foreign exchange window on Tuesday.....KINDLY READ THE FULL STORY HERE▶

Data released by the Central Bank of Nigeria (CBN) indicated that the local currency exchanged at ₦1,327.78 per dollar, showing a slight improvement from the ₦1,329.80 recorded on Monday. Meanwhile, at the parallel (black) market, the naira closed steady at ₦1,389 to the dollar.

Key Market Highlights:

  • Official Rate Movement: The naira strengthened by roughly ₦2.02 day-on-day at the official market, moving from Monday’s figure of ₦1,329.80 to ₦1,327.78 per dollar.

  • Parallel Market Close: At the parallel market, the exchange rate firmed up slightly to close at ₦1,389 against the previous day’s rate of ₦1,390.

  • Transactional Variances: Actual rates offered by commercial banks and Bureau de Change (BDC) operators may fluctuate based on transaction margins, supply levels, and prevailing market demand.

  • Market Outlook: Stakeholders continue to monitor foreign exchange inflows and ongoing central bank policies to gauge whether the naira can preserve its current momentum throughout the month.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

THE ULTIMATE BETRAYAL: El-Rufai Breaks Silence, Drops Bombshell On Political Allies Who Abandoned Him!.

Published

on

Former Kaduna State Governor, Nasir El-Rufai, has broken his silence from detention, addressing the noticeable silence and withdrawal of close political associates, friends, and family members amid his ongoing legal and political challenges.....KINDLY READ THE FULL STORY HERE▶

In a strongly worded statement titled “My Relationships and the Aftermath,” El-Rufai reflected on how adversity has tested long-standing ties, noting that difficult times have a clear way of revealing the true nature of human connections.

Key highlights from his explosive statement include:

  • No Regrets for Past Support: El-Rufai maintained that his decisions to stand by individuals and causes over the years were driven by his personal convictions, Islamic faith, and conscience rather than an expectation of praise, gratitude, or reciprocity.

  • The Silence of Allies: The former governor acknowledged that some people he previously supported have chosen to remain silent, distance themselves, or even rewrite the history of their association with him.

  • Zero Resentment or Retribution: Despite the situation, El-Rufai declared that he harbors no hatred or bitterness toward those who walked away, stating clearly: “I bear no resentment towards anyone who chooses not to do the same for me.” He added that he seeks neither revenge nor retribution, choosing instead to leave ultimate judgment to Almighty Allah.

  • Reassessing Relationships: While emphasizing that his reflections are not meant as a condemnation, El-Rufai noted that the experience would quietly lead him to reconsider the nature of certain relationships moving forward.

El-Rufai concluded that his primary focus remains keeping his conscience clear and staying at peace with his faith, leaving the verdict of history to posterity.

Continue Reading

latest

THE ULTIMATE BLOCK: APC Fights Back Against Atiku’s Suit Over Tinubu’s Credentials!.

Published

on

In a dramatic turn of events, the All Progressives Congress (APC) has formally challenged a Federal High Court order that permitted former Vice President Atiku Abubakar and the African Democratic Congress (ADC) to serve court processes on President Bola Tinubu through the party.....KINDLY READ THE FULL STORY HERE▶

The ruling party, in a strongly worded letter to the court, labeled the substituted-service order as “unnecessary” and an “abuse of court processes.” The APC provided a detailed legal timeline revealing that President Tinubu’s defense team was already proactive in the matter long before the plaintiffs sought the controversial order on September 16, 2026.

Key highlights from the APC’s challenge include:

  • Tinubu’s Proactive Defense: According to the party, President Tinubu’s legal team, led by Chief Wole Olanipekun, SAN, voluntarily instructed lawyers to obtain all originating court processes on September 10.

  • Defense Already Filed: The APC stated that the defense did not wait for formal service. They filed a preliminary objection on September 14 and submitted a full substantive defense on September 15—a full day before Justice Inyang Ekwo granted the substituted service.

  • Plaintiffs Accused of Misleading the Court: The APC argued that Atiku and the ADC proceeded with the substituted-service application on September 16 “without drawing the court’s attention to the fact that the 1st Defendant (Tinubu) had already filed and served his defence.”

  • Lack of Authority: The ruling party also emphasized that it had no authorization from President Tinubu to accept court documents on his behalf.

The original suit, filed in August 2026, seeks the disqualification of President Tinubu and the APC from the 2027 presidential election over allegations concerning the President’s National Youth Service Corps (NYSC) discharge certificate.

Despite this procedural conflict, the APC affirmed that both the party and the President have filed their responses and are fully “prepared to proceed with the case.”

Proceedings are set to continue before Justice Ekwo on September 28.

Continue Reading

latest

HUNTED AGAIN! EFCC Unleashes Red Alert, Declares Notorious Ex-Pension Boss Abdulrasheed Maina Wanted!,

Published

on

The Economic and Financial Crimes Commission (EFCC) has officially declared the former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Abdullahi Maina, wanted in connection with an alleged case of receiving stolen property.....KINDLY READ THE FULL STORY HERE▶

According to a wanted notice issued by the anti-graft agency, 61-year-old Maina is an indigene of Biu, Borno State. The commission has urged anyone with actionable intelligence regarding his whereabouts to reach out immediately to the nearest police station, security agency, or any of the EFCC’s zonal and headquarters offices across the country.

Key background details on the case include:

  • Previous Conviction: Maina previously faced heavy prosecution by the EFCC, which secured his conviction in November 2021 on a 12-count charge involving money laundering, fictitious bank accounts, and fraud connected to roughly ₦2 billion.

  • Sentencing: A court previously sentenced him to a cumulative 61 years of imprisonment (to run concurrently) and ordered him to refund ₦1 billion to the Federal Government.

The EFCC continues its nationwide manhunt as authorities step up efforts to track down the fugitive former pension chief.

Continue Reading

Trending