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Rema and Asake make Barack Obama's 2024 favorite music playlist with their hit songs "Yayo" and "Active." Obama shared his curated list on X, showcasing diverse genres. The Nigerian artists join a growing list of international stars recognized by the former U.S. president for their global...
NNPC has denied reports claiming the Old Port Harcourt refinery has shut down. The refinery, which resumed operations in November 2024, is running at 70% capacity, producing kerosene, diesel, LPFO, and petrol. NNPC urges the public to ignore false claims and emphasizes efforts to ensure a steady...
Following the tragic Ibadan funfair stampede that killed 35 children, Ooni of Ife’s ex-queen, Prophetess Naomi, was hospitalized after collapsing. She and broadcaster Oriyomi Hamzat were detained for their roles in organizing the event. Naomi's condition is stable, and she is receiving medical...
The Nigerian Army has promoted 108 officers, including 35 brigadiers to major generals and 73 colonels to brigadiers. Key promotions include officers involved in major operations like Hadin Kai and Operation Whirl Stroke. The Chief of Army Staff urged the officers to continue their commitment to...
Mikel Obi revealed he was once offered performance-enhancing drugs during his time at Chelsea. Speaking on the Obi One Podcast, the former Nigeria captain discussed the importance of athletes being responsible for what they consume and expressed hope that suspended Chelsea player Mykhailo Mudryk...
A fire at Ibadan's Araromi spare parts market destroyed goods worth millions, leaving traders devastated. Firefighters are working to contain the blaze, with investigations ongoing. The incident follows another fire tragedy in the city that claimed three lives, sparking calls for improved fire...
![Today's Naira Rate [21-12-2024]: Naira Weakens to N1,775 on Parallel Market Amid Forex Challenges](/data/attachments/211/211635-7bc2edcd76b77152035dcdd2d60b7d74.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate [21-12-2024]: Naira Weakens to N1,775 on Parallel Market Amid Forex Challenges
The naira weakened against the dollar, closing at N1,541.68 in the official market and N1,775 in the parallel market. Despite weeklong volatility, the currency saw some gains. President Tinubu’s 2025 exchange rate benchmark of N1,500 per dollar hints at efforts to stabilize Nigeria’s economy...
The Port Harcourt Refinery has halted operations just weeks after a $1.5 billion rehabilitation. Petrol lifting stopped, and loading bays remained empty, raising concerns about the refinery's output. Critics accuse the government of staging a public show, while production of diesel and kerosene...
The Central Bank of Nigeria has introduced a new policy setting daily cash-out limits for PoS operators at N100,000 per customer, aiming to promote digital payments, reduce fraud, and enhance operational efficiency. The initiative also includes weekly withdrawal caps and enhanced monitoring...
Peter Obi has offered to meet the bail conditions for human rights lawyer Dele Farotimi, who faces defamation charges. Farotimi’s release requires a ₦30 million bond, sureties, passport surrender, and media restrictions.
Peter Obi, former presidential candidate and leader of the Obidient...
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