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Nigeria Motorists Celebrate as Court Limits VIO Authority to Impound and Fine
A Federal High Court in Abuja ruled that the Vehicle Inspection Office (VIO) cannot stop, impound vehicles, or impose fines on motorists. This landmark decision protects citizens' rights, ensuring their freedom of movement and property ownership without unlawful interference, reshaping traffic...
Nigeria
Social Media Reacts to Toke Makinwa’s “We Don’t Settle for Less” Comment Amid Economic Struggles
Toke Makinwa's bold statement, “I don’t care what the economy is saying, we don’t settle for less,” has ignited diverse reactions on social media. Critics accuse Nigerian celebrities of insensitivity, while supporters defend her stance. The comments highlight the tension between celebrity...
APC governors, led by Imo State's Hope Uzodimma, have expressed confusion over the reasons for the nationwide protest scheduled from August 1 to 10, 2024. They urge dialogue with organizers, emphasizing the need for national unity and patience amid economic and security challenges.
Governors...
MURIC has called for a ban on a film featuring Nancy Isime, alleging it depicts Muslim women in niqab as criminals. The group denounces the film as inflammatory and Islamophobic, urging the National Film and Video Censors Board to act. Reactions on social media are mixed, with some criticizing...
Nigeria’s Senate and House passed a bill increasing the minimum wage to N70,000 and shortening the review period. Senate President Akpabio's claim that all employers must pay this wage is disputed. The National Minimum Wage Act 2019 specifies exceptions for smaller employers and certain job...
![Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines](/data/attachments/206/206479-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines
The Naira fell to N1,575 per dollar in the parallel market on Wednesday, down from N1,565. In NAFEM, it dropped to N1,586.71. Trading volume fell 39% to $171.03 million, and the gap between parallel and official rates narrowed. Experts await CBN's response to stabilize the currency.
On...
APC National Secretary, Senator Ajibola Basiru, has urged former VP Atiku Abubakar to lead the August 1 nationwide protest, dismissing it as politically motivated. Basiru defended the Tinubu administration’s handling of economic issues and emphasized that the APC supports lawful dissent but...
The Nigerian military has warned against potential violence in the upcoming nationwide protest over economic hardship. Major General Edward Buba expressed concerns that the protest could mirror recent unrest in Kenya, emphasizing that while peaceful demonstrations are allowed, any attempt to...
The Naira has dropped sharply as banks’ borrowing from the Central Bank of Nigeria (CBN) for foreign exchange (FX) rises to 32%. This increase in borrowing rates has intensified pressure on the Naira, contributing to significant declines in both official and parallel market rates.
The recent...
Meta has removed approximately 63,000 Instagram accounts and 7,200 Facebook assets linked to Nigerian financial sextortion scams. This move targets cybercriminals known as “Yahoo Boys” and follows a report revealing the extent of these fraudulent activities. Meta's crackdown is part of its...
William Troost-Ekong scored a crucial goal in PAOK's 3-2 victory over Borac Banja Luka in the UEFA Champions League qualifiers. His decisive header in the 51st minute secured the win, marking his first club goal since May 2023. The result strengthens PAOK's position in the competition.
Super...
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