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Demmy added story in Current Affairs / News
2025-06-13 10:59:26

EFCC Drags Jesam Michael to Court Over Alleged Multi-Million Naira Investment Scam

The Economic and Financial Crimes Commission (EFCC) has arraigned Jesam Michael and his company, Afriq Arbiq Arbitrage System Limited, before Justice Obiora Egwuatu of the Federal High Court, Abuja, on charges linked to a high-profile investment scam. Jesam and his firm are facing seven counts of obtaining by false pretence, unlicensed operations, and fraud. The EFCC alleges that between...

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Heisjackson added story in Current Affairs / News
2025-07-03 08:29:20

Breaking: Naira Gains Big In Oficial, Parallel Markets As US Dollar Hits Over 3-year Low.

The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest level since February 2022 in the global currency market. This positive development at the Nigerian official market coincides with a decline in the country’s external reserves, which fell $3.05 billion in the first half of 2025. In particular, the reserves...

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Isaac added story in Autobiographies
2025-10-27 05:19:10

CBN Releases $1.26 Billion to Oil Sector Operators to Stabilize Fuel Supply and Support the Naira

The Central Bank of Nigeria (CBN) has disbursed $1.259 billion to major oil sector operators to facilitate the importation of petroleum products and related items, as part of efforts to stabilize fuel supply and strengthen the naira. According to reports confirmed by The Punch and supported by CBN data, the move comes amid rising pressure in Nigeria’s foreign exchange market and concerns...

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Heisjackson added story in Current Affairs / News
2025-06-11 06:03:52

Naira appreciates to N1,600/$ in parallel market.

The naira yesterday appreciated to N1,600 per dollar in the parallel market from N1,605 per dollar last week. Likewise, the Naira appreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM). The Naira has maintained its appreciation trend since May 29th, gaining N47 against the dollar till date in the official market. Data published by the Central Bank of Nigeria, CBN,...

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ThyKing added story in Biography
2026-02-20 09:10:35

Naira Marley : The Rebel Who Built Marlian Nation

Azeez Adeshina Fashola In the world of Nigerian street pop, few names spark as much reaction as Naira Marley. Some hear the name and think of rebellion. Others think of controversy. Many think of loyalty, street anthems, and an entire youth movement called Marlian Nation. But before the fame, before the headlines, and before the chants of “Marlians!”, there was a young boy...

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Demmy added story in Current Affairs / News
2025-06-13 08:40:00

Naira Under Pressure: Black Market Rates Outpace CBN’s Official Figures

Nigeria’s foreign exchange market continues to experience volatility, with the naira trading significantly weaker in the parallel (black) market compared to the official window. As of today, the USD/NGN exchange rate in the black market stands at: ₦1,605 per dollar (buy) ₦1,615 per dollar (sell) In contrast, the Central Bank of Nigeria (CBN) maintains an official rate of ₦1,539.72...

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Abu added story in Current Affairs / News
2025-12-06 03:50:30

Nigeria, Foreign Financiers Linked to Boko Haram: Full List of 23 Suspects and Their Multi-Billion Naira Transactions

A detailed investigation has uncovered a sprawling network of 20 Nigerian nationals and three foreign associates believed to be involved in financing Boko Haram through complex financial operations, cash movements, and cross-border transfers. The network includes businessmen, bureau-de-change operators, public officials, and international partners with direct or indirect links to convicted...

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Faith02 added story in Biography
2025-06-12 11:24:01

Queen May Yul Edochie Strikes Again with New Multi-Million Naira Ambassadorial Deal!

Queen May Yul Edochie is on a winning streak! She has just secured another multi-million naira brand ambassadorial deal, solidifying her status as a top influencer and brand magnet in 2025. In a brilliant creative twist, May featured her daughter Danielle Dubem as her younger self in the ad campaign—earning praise for both emotional appeal and storytelling flair. Big congratulations to...

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