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Music executive Paulo Okoye claims Burna Boy earned $80-$100 million four years ago, sparking a heated debate among fans of other Nigerian artists like Davido and Wizkid, who challenge the accuracy of his statement. Social media is abuzz with arguments over Burna Boy's true earnings and status...
Nollywood actress Lizzy Anjorin refutes theft allegations from February 2024, claiming she's too disciplined to steal. As a jewelry vendor, she emphasizes the implausibility of stealing gold worth ₦90,000. Anjorin addresses the viral video incident, maintaining her innocence and suggesting she...
Elon Musk’s Starlink is expanding in Nigeria by setting up new ground stations in Lagos, Ogun, and Rivers states. This development aims to enhance internet connectivity, reduce latency, and bypass international data centers. Partnering with Equinix, Starlink’s project will cover 29,000 acres...
Anambra's Commissioner for Youths Development, Hon. Patrick Aghamba, and his wife were kidnapped while traveling to Abuja. Tragically, their aide, Mr. ABK Offiah, was killed during the incident. They were en route to attend Governor Prof. Chukwuma Soludo’s daughter's wedding.
Hon. Patrick...
Zhongshan Fucheng Industrial Investment Co. Limited has released one of three Nigerian presidential jets seized due to a legal dispute over a revoked contract. The release allows President Tinubu to attend a scheduled meeting with French President Macron. Negotiations between Zhongshan and...
Chidimma Adetshina, a Nigerian-South African model, has joined the Miss Universe Nigeria pageant, representing Taraba State. After withdrawing from Miss South Africa due to xenophobic threats, Adetshina accepted the invitation to compete in Nigeria. Born to a Nigerian father and a Mozambican...
![Today's Naira Rate[16-08-2024]: Black Market Dollar to Naira Rate Climbs to ₦1,600 Amid Inflation Decrease](/data/attachments/207/207292-9bb9b64b1602cfa4be828e7b4b5a0479.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[16-08-2024]: Black Market Dollar to Naira Rate Climbs to ₦1,600 Amid Inflation Decrease
As of August 16, 2024, the black market exchange rate for the U.S. dollar to the Nigerian naira stands at ₦1,596 for buying and ₦1,600 for selling. Meanwhile, Nigeria’s inflation rate dropped to 33.4% in July 2024, marking the first decrease in 19 months, indicating economic shifts.
As of...
Minister of Aviation, Festus Keyamo, reassures aviation workers that their concerns over the 50% revenue deduction policy will be addressed. Responding to the workers' strike threats, Keyamo emphasizes the government's commitment to ensuring the sector's sustainability while balancing fiscal...
A Lagos Federal High Court has ordered the interim forfeiture of $2.04 million and seven properties linked to former CBN Governor Godwin Emefiele. The EFCC alleges the assets were acquired through fraudulent activities. The ruling aims to prevent asset dissipation as Emefiele faces multiple...
The Athletics Federation of Nigeria (AFN) addresses rumors of sprinter Favour Ofili potentially switching national allegiance. Tensions rose after her name was omitted from the Paris 2024 Olympics roster, leading to speculation about her future with Nigeria. The AFN highlights the challenges and...
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