The exchange rate between the naira and the dollar continued its rapid appreciation on the official EFEM market, closing at N1,535/$1 on Friday, December 6, 2024. This marks a significant milestone, as the naira strengthens further following three consecutive days of appreciation since the Central Bank of Nigeria (CBN) introduced the Enhanced Foreign Exchange Market…
The Nigerian police are seeking to arrest 601 account holders regarding a technical glitch that cost fintech company Flutterwave N21.2 billion ($21.2 million) in erroneous transactions last year. Over 9,663 unauthorised transactions were carried by point-of-sale merchants amounting to billions of naira after Flutterwave suffered a glitch, which “allowed agents to conduct transactions in excess…
Peter Obi, the Labour Party’s presidential candidate in the 2023 election, has denied describing the Supreme Court ruling on Rivers State as reckless. The apex court recently affirmed the Martins Amaewhule-led Rivers House of Assembly members as valid members of the house The court also ordered the Central Bank of Nigeria (CBN) and the Accountant-General…
The Commissioner of Police, Kaduna State Command, Muhammad Rabiu, has ordered a full-scale investigation into the alleged assassination attempt of Senator Usman Lawal (PDP Kaduna-Central). The order of investigation is contained in a statement issued by the command’s spokesperson, Mansir Hassan, on Thursday in Kaduna. Hassan said, “The alleged assassination attempt on Senator Usman Lawal…
Earlier today, Hon. Kevin Solomon Olaolu (KSO), the Senior Special Assistant (SSA) on Student Affairs to the Ondo State Governor extended heartfelt congratulations to Comrade Seyi Tinubu on the occasion of his birthday. Comrade Seyi Tinubu, the son of His Excellency, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, is not only…
Folarin Falana, popularly known as Falz and son of renowned human rights lawyer Femi Falana, SAN has given social media influencer VeryDarkMan a 24-hour ultimatum to retract alleged defamatory statements made against him. The ultimatum was issued through a letter from Falana & Falana Chambers, demanding an immediate retraction and apology for the claims made…
The Rivers State Police Command has made another significant breakthrough, apprehending five suspects allegedly involved in a “One Chance” syndicate. On the 28th of January, 2025, at about 0900 hours, the Surveillance Patrol Team attached to the Hyper City Unit of the Rivers State Police Command, while on patrol along NLNG Road, Eastern Bypass, Port…
Amnesty International has accused the Sokoto State Government of unlawfully influencing the arrest of a social media user, Shafi’ u Umar Tureta. According to the human rights group, heavily armed police officers arrested Tureta after he posted a viral video online that showed the lavish birthday celebration of the governor’ s wife. In a public…
The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) said its operatives had arrested a suspect for over $597,000 in romance fraud. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, said this at a news conference on Thursday in Abuja. Adejobi said the suspect was arrested for allegedly defrauding a female American national of $597,000 in…
The suspended Kogi Central Senator, Natasha Akpoti-Uduaghan has denied claims that she apologised to the leadership of the Nigerian Senate over the actions to led to her suspension. In a statement issued on Monday, March 24, Akpoti-Uduaghan described the reports as false and misleading. Stating that she stands firmly by her actions and words over…