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The Naira depreciated in the parallel market to N1,520 per dollar yesterday from N1,510 per dollar on Wednesday. Similarly, the Naira depreciated to N1,510.1 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday, indicating a depreciation of …

Tinubu approves N50,000 subsidy for 3.6 million Nigerian families. President Bola Tinubu has approved a grant under the National Housing and Household Support Program for 3.6 million Nigerian families. This initiative will provide N50,000 to 100,000 families in each state for three months. The disbursement of Tinubu’s subsidy to families will take place over three months, according to presidential spokesperson, …

Binance tightens account usage rules. Monitoring of user accounts is strengthened (all suspicious activities are carefully examined). Exchange representatives promise rewards for reports of “improper actions with accounts” (e.g., account selling). The new security measures aim to “prevent misuse of account features and improve the integrity of the platform.”

“It’s better to date a man in trouble than to date a multi-millionaire who has blood on his hands” – Nollywood Actor Zubi Michael “It’s not all about the money, the multimillionaire you admire may have a temple to evil things in his house. He may have scammed someone and the depressed person took his own life, but you want …

Traders count losses as fire destroys Abuja market Goods and properties worth millions of naira were reduced to ashes in the market located in Karu suburb of the Federal Capital Territory. Traders, who lost their goods in the inferno, could be seen wailing uncontrollably over their losses. “Everything is burned. I couldn’t salvage anything. This is where we feed ourselves. …

Over 13,000 attendees gathered for Outpouring New York with Minister Dunsin Oyekan. It was a night of unforgettable gatherings. Renowned gospel music minister Dunsin Oyekan said the Outpouring New York event was a night to remember. Over 13,000 attendees gathered physically, while hundreds of thousands joined online around the world at the UBS Arena. The event was characterized by intense …

Davido promised to give Chioma ”lifetime insurance”. The singer made this promise to Chioma’s parents while begging for her hand during their wedding held in Lagos today, June 25. “Your daughter will be protected, respected and connected,” she promised her parents

People are in trouble, be kind! Nick Imudia, CEO of D.light, a leading innovator of residential solar energy solutions, committed suicide in his apartment. Imudia was a former Chief Executive Officer (CEO) of one of Nigeria’s e-commerce giants, Konga. He killed himself on the night of Tuesday, June 25, by jumping from the balcony of his apartment in Lekki, Lagos. …

Tinubu will consult further on the new minimum wage. President Bola Tinubu will consult further before coming to a final decision on the new national minimum wage for Nigerian workers. Mohammed Idris, Minister of Information and National Orientation, said this at the end of the Federal Executive Council (FEC) meeting held in Abuja on Tuesday. He said the tripartite committee’s …

The court is scheduled for July 5 to hear the case seeking to remove Ganduje as APC chairman. The Federal High Court sitting in Abuja on Wednesday postponed the hearing of a case seeking to remove from office the national president of the ruling All Progressives Congress, Abdullahi Ganduje, until July 5. The court, presided over by Justice Inyang Ekwo, …