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At the close of trading on Wednesday, Nigeria’s currency, the naira appreciated to N1,240 per dollar at the parallel section of the Foreign Exchange (FX) market. The current FX rate signifies an increase of 0.80 per cent from the N1,250/$ reported on April 1. Currency traders, also known as street traders, in Lagos, quoted the buying rate of the local currency at N1,220 and the selling rate at N1,240. At the official window, the local currency appreciated by 1.25 per cent against the dollar from N1,278.58 on April 2 to close at N1,262.85 on Wednesday. During trading hours in the official window, a dollar was sold as high as N1,296 and at a low rate of N1,210, according to FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM). The daily foreign exchange market turnover was $166.18 million. With the current figures at both FX markets, the official market rate surpasses the parallel market rate by N22.85. . . CLICK BIO LINK TO READ THE COMPLETE NEWS
The Federal Government has said it would begin a pilot phase of the student loan scheme with applicants from public tertiary institutions. The spokesman for the Nigerian Education Loan Fund, Nasir Ayitogo, made this known on Wednesday hours after President Bola Tinubu signed the amended Student Loan bill into law. In a chat with The Punch, Ayitogo stated that the pilot scheme would begin with students of federal and state universities, polytechnics and colleges of education. He also revealed that President Tinubu would appoint a chairperson, a Managing Director, and two Executive Directors to its executive management team. Ayitogo noted that the President is expected to launch the scheme after appointing qualified persons into the offices provided by the provisions of the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. He said: “Right now, with the President’s assent to the new bill, it means there will be a new management. There will be a managing director, as against what we had in the previous law, an Executive Secretary. And there will be two executive directors too. . . CLICK BIO LINK TO READ THE COMPLETE NEWS
Five social media users have been summoned by the Chief Magistrate Court, Wuse Zone 2, for “criminal defamation” of the reputation of gospel singer, Mercy Chinwo; and her husband, Blessed Uzochikwa. Chief Magistrate Emmanuel Iyanna, in the court summons dated April 3, 2024, ordered the five defendants to appear in person before the court on April 23, 2023, to answer the charges levelled against the complainants. The complainants in the matter are Blessed Uzochikwa and Mercy Chinwo, while the five defendants are Okoronkwo Ejike, Kingsley Ibeh, DJ Spoiltkid, Terrence Ekot, and Samuel Agozie. The suit stemmed from posts made by the defendants last week after the gospel singer and her husband posted a picture of their son on Instagram. After the picture of the baby, who was born in 2023, was posted, the defendants alleged that there was a resemblance between the baby and another gospel singer, Nathaniel Bassey, and claimed that he was the father, an allegation that went viral. In a criminal complaint filed by the complainants’ lawyers led by Pelumi Olajengbesi of Abuja-based media firm, Law Corridor, Mercy Chinwo and her husband said the alleged actions of the defendants amounted to cyber intimidation, injurious falsehood, and cyberstalking targeted at their persons. The complainants said the defendants’ alleged actions are contrary to Sections 391 of the Penal Code and Section 24 (1)(B) of the Cybercrimes (Prohibition, Prevention etc) Act 2015. . . CLICK BIO LINK TO READ THE COMPLETE NEWS
In the lead-up to the highly anticipated 2024 presidential election, US former President, Donald Trump, appears to be gaining an edge over President Joe Biden in almost all the critical battleground states, according to a new poll released by the Wall Street Journal on Tuesday. With seven months remaining until the election, the survey highlights Trump’s advantage in six out of seven key states: Pennsylvania, Michigan, Arizona, Georgia, Nevada, and North Carolina, which are considered pivotal for securing the presidency. The poll shows Trump enjoying a notable six-point lead over Biden in North Carolina when third-party and independent candidates are included in the ballot. Similarly, Trump is ahead with a five-point lead in Arizona, a four-point margin in Nevada, and holds a three-point lead in both Michigan and Pennsylvania. In Georgia, Trump leads by a narrow one-point margin, while he and Biden are neck-and-neck in Wisconsin. . . CLICK THE BIO LINK TO READ THE COMPLETE NEWS
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Former Aviation Minister, Chief Femi Fani-Kayode, has said the federal government’s close alliance with the United States, the United Kingdom, and other superpowers in the West is harmful to Nigeria. The former minister said the partnership that Nigeria is enjoying with its former colonial masters, the UK, and their allies is indirectly hampering its relationship with Russia. Fani-Kayode said this while speaking on the significance of the visit that he and his colleagues and some of his colleagues to the Russian ambassador in Nigeria during a recent interview with Arise TV. “Nigerian government has been excessively close to the United States of America, and the United Kingdom, and that in itself, in my opinion, has its baggage,” Fani-Kayode said. He said the United States, during the administration of former President Barack Obama failed to sell weapons to Nigeria in the fight against Boko Haram terrorists, and its allies followed suit, saying Russia would not have done that. “During the administration of former President Goodluck Jonathan, the US led by Barack Obama said categorically that they would not sell arms to us to fight Boko Haram. By that time Boko Haram was taking over probably half of the North East zone of Nigeria. “They went on to say no country close to them like Israel should sell to us. And, we resorted to buying arms from the black market… Russia was not in the equation at all. We were not looking in their (Russia) direction because of the alliance (with the West). Our allies, our life-long partners, our former colonial masters completely betrayed us,” he said. . . CLICK THE BIO LINK FOR THE COMPLETE STORY
The Senator representing Cross River North in the National Assembly, Jarigbe Agom Jarigbe, on Sunday, ‘abandoned’ a live interview session over probing questions on the 2024 budget. Before the connection went off during the interview session, Jarigbe had told his interviewer that he didn’t want to face ‘wahala’ over the questions he was being asked regarding the 2024 budget. One of the anchors had asked the lawmaker, who was a remote guest on the Arise News breakfast show, some questions regarding the 2024 budget, to which the Senator replied that he didn’t scrutinize the details of the budget line by line. He also asked the TV anchor to tell him the details of the budgetary provisions for her senatorial district, to which the anchor replied that she is not an elected representative of her people. She added that she did not have the ‘arithmetic’ but only scrutinised the budget based on Ministry by Ministry. “I was not elected by the people of Cross River North, you are, it your duty, I believe, not mine (to scrutinise the budget), but let’s move on…., ” the TV anchor said . . CLICK THE BIO LINK FOR THE COMPLETE STORY
The University of Ilorin, Kwara State, has taken disciplinary action against 19 students, over examination malpractices and theft. The school’s Director of Corporate Affairs, Kunle Akogun, disclosed this in a statement on Monday, highlighting the institution’s unwavering commitment to upholding academic and moral standards. According to Akogun, the decisive action taken against these students was based on the recommendations of the Students’ Disciplinary Committee during its 220th and 221st meetings, which were approved by the Vice-Chancellor, Wahab Egbewole (SAN). The range of offences committed by the students included misconduct, theft, examination malpractices, hostel bed-space racketeering and extortion, beating a fellow student, admission racketeering, and assault. The penalties imposed reflect the severity of their actions, with consequences ranging from rustication for a semester or an academic session to outright expulsion from the university. . . CLICK THE BIO LINK FOR THE COMPLETE STORY
The Central Bank of Nigeria (CBN) and other banking institutions have significantly bolstered the foreign exchange market by injecting an additional $2.5 billion over the past two weeks. This strategic move has led to a notable appreciation of the naira, which strengthened to N1,309 against the United States dollar, according to the latest figures from the FMDQ Securities Exchange. The naira’s performance showed a slight improvement from N1,300/$1, continuing its upward trend and marking an eight-week low. This gain comes amid the closure of trading activities on Friday due to a public holiday, underscoring the ongoing recovery of the Nigerian currency in the forex market. Forex transactions also surged, with dealings between willing buyers and sellers at the Nigerian Autonomous Foreign Exchange Market climbing by 106 per cent to $857 million at Thursday’s close, reaching the highest level since the CBN implemented new forex policies. . . <<>> CLICK THE BIO LINK FOR COMPLETE STORY
Obi, in a personally signed statement on Sunday, released via his X platform account, said the challenges facing the country have made the citizens prisoners, and there is the need to pray to God for freedom, and Nigerians must also do what is right for national development. According to the statement, the former presidential candidate submitted to the Onitsha Correctional Centre, where he joined the Archbishop of Onitsha Catholic Archdiocese, Most Rev Valerian Okeke, to mark the Easter Celebrations mass with the inmates. Obi, however, urged Nigerians not to give up on the country’s current situation but to continue to work and pray for God to make Nigeria better, as, according to him, a new Nigeria is possible. In his words, “Today, I spent part of my Easter celebration at the Onitsha Correctional Centre, where I joined the Archbishop of Onitsha Catholic Archdiocese, His Grace, Most Rev Valerian Okeke, to mark the Easter Celebrations mass with the inmates. . . <<>> CLICK THE BIO LINK FOR COMPLETE STORY
Some residents of Kebbi State attacked a government warehouse at the Bayan Kara area of Birnin Kebbi, the state capital, on Saturday night and carted away food items. The hoodlums, who defied security operatives stationed at the warehouse, also broke into some private warehouses and shops in the area and stole food items. They also looted a broken-down truck loaded with assorted grains meant for distribution in Birnin Kebbi. Attacks on warehouses had occurred at the Federal Capital Territory, Abuja and Suleja in Niger State. This is amidst the cost of living crisis largely believed to have been caused by the petrol subsidy removal and the floating of the naira. Speaking to our correspondent yesterday, the Chairman of the food vendors association at Bayan Kara Market in Birnin Kebbi, Muhammadu Gwadangwaji, said some shops and warehouses of traders were also set on fire by some youths. “They (security agents) fired gunshots and teargas into the air, but they (the youths) were not deterred. They forced their way in and looted the government warehouse and some of our shops,” he said. <<>> CLICK THE BIO LINK TO READ THE COMPLETE STORY
Residents of Omagwa and Ipo communities in Ikwerre Local Government Area of Rivers State have blocked the entrance to the Port Harcourt International Airport to protest against the absence of power supply and essential amenities. Flight operations have been disrupted due to the protest, leaving air travelers stranded, and the situation has led to a gridlock stretching from the Airport Road to nearby communities. The protesters, gathering as early as 7 am on Wednesday, expressed frustration over the lack of compensation despite hosting the international airport and enduring daily noise pollution, highlighting the absence of adequate schools in the area. . . <<>> CLICK BIO FOR COMPLETE STORY
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion. This inquiry follows an extensive audit by Deloitte, which scrutinized $7 billion in dollar debts accumulated under the bank’s previous leadership. In the aftermath of the 294th Monetary Policy Committee meeting in Abuja, Governor Cardoso disclosed to journalists that the investigation, supported by the Economic and Financial Crimes Commission, among other security bodies, aims to clarify the legitimacy of these FX allocations identified as problematic by the audit. “It was determined that a number of these transactions did not qualify…they were outright illegal. The law enforcement agencies are now looking into those transactions that as far as we are concerned, are not valid to be paid,” Cardoso detailed, emphasizing the unlawful nature of these forex deals. The crux of the investigation lies in the audit findings that a significant portion of the scrutinized transactions lacked proper documentation and, in many instances, were deemed outright illegal. However, the unfolding investigation has raised concerns within the organized private sector, with some entities contemplating legal action against commercial banks for unresolved forex bids. . . <<>> CLICK THE BIO LINK FOR COMPLETE STORY
The producer of Ajakaju, Eniola Ajao, has explained why controversial cross-dresser, Bobrisky was handed the best-dressed award for the female category at the movie premiere over the weekend. Netizens had continued to criticise the movie premiere organisers for handing cross-dresser Bobrisky the best-dressed award for the female category at the event. However, in an interview with Arise TV, Ajao explained that the decision to award Bobrisky the best-dressed female award category was a publicity strategy. She described the movie as a joke stating, “It was just all jokes anyway, we just wanted to have fun, and we wanted people to talk about the movie; My SIM and I decided that we needed to talk about . . <<>> CLICK THE LINK IN THE BIO TO THE COMPLETE STORY
The Delta State Police Command has arrested a 39-year-old married man, Ernest Okporu, for allegedly raping his landlord’s 11-year-old daughter in Osubi town, Okpe Local Government Area of Delta State. The incident happened on Saturday, 23rd March 2024. Human rights activist, Kelvin Ejumudo, made this known in a Facebook post on Tuesday, March 26, 2024, stating that the suspect is currently in detention at the Orerokpe police station. He added that the suspect had confessed to the crime and pleaded with the landlord to forgive him. The post read, “One Mr Ernest Okporu, 39 years of age and married has allegedly raped and defiled the daughter of his landlord on Saturday 23rd March 2024 in the Osubi area of Delta state. “I got a distress call from the mother of the little girl and well-meaning Deltans that a minor has been raped and defiled. The little girl said Mr Ernest asked her to go bring his charger from his apartment at the back of his fridge and little did she know he followed her and grabbed her from the back, tied her hands to the back and forcefully had carnal knowledge of her . . <<>> CLICK THE LINK IN THE BIO FOR COMPLETE STORY
Leaders of the Niger Delta have pleaded with President Bola Tinubu to allow the people of Okuama in Ughelli South Local Government Area, Delta State, who fled their residence about 12 days ago, to return home and resume their lives. Recall that the residents had fled their village after the Nigerian army laid siege to the community due to the killing of 17 soldiers. Speaking on the situation, a former Deputy Inspector General of Police, DIG, Udom Ekpoudom, and the Otota (prime minister) of the ancient Olomu Kingdom in Delta State, Olorogun Albert Akpomudje said the people should not be made to suffer. They also suggested that the federal government tackle cultism and give traditional rulers the power to control the youths to curtail their excesses. Akpomudje, a Senior Advocate of Nigeria, SAN, told Vanguard that “Nobody is happy with what happened but that should not mean that innocent people who are not connected, be made to suffer, they are still human beings, no matter their level. “There must be a positive and urgent step by President Bola Tinubu and his government to ensure that Okuama villagers return to the communities and live normal lives. It is not easy to live outside where you have lived all your life, where they sleep; and how you feed. Therefore, the government must act fast.” On the continuing siege to the community, he said: “The President should prevail on the Nigerian Army for restraint, while efforts should be made to fish out those responsible for the act. It is, of course, condemnable by any reasonable person . . <<>> CLICK THE LINK IN THE BIO FOR COMPLETE STORY
President Bola Tinubu has made a fresh declaration about bandits and kidnappers in Nigeria, as he played host to two former CJN in Abuja on Tuesday. Tinubu maintained that the kidnappers were cowards who could not confront the might of the Nigerian Armed Forces The President made the comment while hosting members of the judiciary at a dinner led by the chief justice of the federation, Justice Olukayode Arowoola Source: Legit.ng #nigeriaheadline #headlinenews #updates #latestgist #tinubu
Families and relatives of some of the police officers who were slain in an ambush while looking into the disappearance of three colleagues in Delta State by unidentified individuals have expressed their grief and sought justice for their loved ones. The community is reeling from a tragic incident where six police officers were ambushed and killed during an investigation into the disappearance of three colleagues in Delta State. The Nigeria Police Force spokesperson, Olumuyiwa Adejobi, confirmed the incident and the arrest of five suspects linked to the killings. The officers who lost their lives in the ambush include Inspector Abe Olubunmi, Inspector Friday Irorere, Sergeant Kuden Elisha, Sergeant Akpan Aniette, Sergeant Ayere Paul, and Sergeant Ejemito Friday. Additionally, six officers are missing, fueling a growing demand from the bereaved families and the community for justice and transparency. However, the sorrow of the victims’ families was palpable on social media, where they shared their grief and memories of the fallen officers. One poignant moment captured in a live video showed the burial process of Inspector Friday Irorere, moving many to tears. A voice in the background expressed the collective heartache: “Goodbye, father. We will miss you so dearly.” The brother of Sergeant Ayere Paul expressed his anguish and desire for justice on Facebook, saying, “Rest on Blood. Almighty God will fight those who have a hand in your death, and you too should go after them till they find no peace in their lives and their generation.” Criticism has been directed at the Nigeria Police Force for not promptly disclosing details of the incident. . . . Click The Link In The Bio For Details
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Zambia’s export earnings from refined copper has risen by 2.2 percent to K14.2 billion in January this year. For more details visit:zambiamonitor.com #news #lusaka #latestgist
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Adachukwu Okafor, a lawyer from Anambra, has turned herself in to the police and will be charged with abuse of her 11-year-old maid. Remember that Uju Kennedy-Ohanenye, the Minister of Women Affairs, had set a N2 million bounty for her? The suspect turned herself in to the Anambra Police Command in Awka, according to Chidimma Ikeanyionwu, the media assistant to State Women and Social Welfare Commissioner, Hon. Ify Obinabo. She confirmed the development in a statement on Friday, February 16, 2024. Read the complete article by clicking the link on our bio #latestnews #latestgist
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The Nigerian Police, through its Force Criminal Investigation and Intelligence Department in Ikoyi, Lagos State, has arrested Oyeabuchi Okafor and Jasmine Okekeagwu for allegedly conspiring and defrauding Mr. John Okafor, popularly known as Mr. Ibu, of N55 million. In a press statement on Thursday, the FCID disclosed that they acted on a petition from Diamond Waves Law on behalf of Mr. Ibu’s wife, Stella, alleging that the actor’s sons, Onyeabuchi and Valentine Okafor, along with his adopted daughter, Jasmine Okekeagwu, conspired to defraud Mr. Ibu. © Punch #latestnews #fraud #nigeriannews #latestgist #mribu #latestupdates
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The Henry Seriake Dickson Foundation has presented scholarship grants to over 859 undergraduates in tertiary institutions under its Education Support Scheme, which began year ago. The recipients were drawn from the two local governments that make up Bayelsa West senatorial region – Sagbama and Ekeremor – as well as the other six local government areas of the state and Ijaw land. #latestnews #bayelsastate #scholarships #undergraduate #nigeriannews #latestgist #latestupdates
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Bauchi State Police Command have arrested a 400-level student of the Abubakar Tafawa Balewa University, Bauchi, Mike Habila, for allegedly possession of firearms. The state Police Public Relations Officer, Ahmed Wakil, made this known in a statement that was made available to journalists in Bauchi on Wednesday. #latestnews #bauchistate #bauchistatepolicecommand #undergraduate #nigeriannews #latestgist #latestupdates
The Federal Government on Wednesday insisted that its Student Loan Scheme is still on track to begin this month. This was said that ,students who apply through its soon-to-be-completed website can access the facility within 30 days. #latestnews #studentloan #nigeriannews #latestgist #latestupdates
On Tuesday, Gbenga Dan-Asabe, a 45-year-old blogger and publisher of Asabe Africa Afrika TV on YouTube, appeared before the Iyaganku Magistrates’ Court in Ibadan, Oyo State. He faced charges of allegedly disseminating defamatory content against Satguru Maharaj Ji. Dan-Asabe pleaded not guilty to the charges, which included conspiracy, defamation, and publishing false news against Maharaj Ji. The police arrested him in connection with these charges. According to ASP M. O. Lawal, the prosecution counsel, Dan-Asabe collaborated with others to broadcast defamatory material. The defendant, with the intention to harm Maharaj Ji's reputation, was accused of unlawfully publishing defamatory content in ‘Iwe Iroyin Yoruba Tooto’ against Satguru Maharaj Ji. The content alleged that Maharaj Ji is a ritualist who sells human body parts for money rituals, which the defendant allegedly knew to be false. Read more on www.beesreignmedia.com #trendingnews #latestgist #defamation #naijanews #gurumaharajji #explore
A heavy duty truck weighed down with sand crashed into a moving vehicle along the bustling Airport Road in Lugbe, Abuja, killing radio OAP, Deborah Ohamara A Facebook user, Nten Ekpang, sharing the post of the incident said, "A vehicle hit Deborah Ohamara from behind while she was driving and she smashed into a moving trailer. She kicked the bucket from wounds supported from the accident." #nigeriannews #latestgist #latestupdates #latestnews
The Joint Admission and Matriculations Board has said registration for the 2024/2025 Universal Tertiary Matriculation Examinations will begin on Monday (today) and end on February 24, 2024. JAMB has also rolled out the registration process for interested candidates across the country. © Punch #nigeriannews #latestgist #latestupdates #latestnews
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A 32-year-old female marketing employee in Ikorodu, Lagos, tragically took her own life by consuming an insecticide within the bank premises on Monday. Colleagues discovered her absence when her phone rang unanswered. She was later found lifeless in the restroom with a suicide note citing economic struggles. The bank manager reported the incident to the police, stating that she locked herself in the restroom before being discovered. #nigeriannews #latestgist #latestupdates #latestnews
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Casanova will not be going home early, despite his recent motion for a compassionate release from a federal prison in New Jersey. According to a report on Friday (December 1), a judge denied the rapper’s plea for an early end to his incarceration on the basis that he had already received a sentence at the “bottom of the sentencing range.” The judge also cited the fact that Cas has yet to even serve 20 percent of it. In his letter to the judge, he admitted his part in the crimes he’d been accused of and noted he’d distanced himself from the Gorilla Stone Nation gang – but clearly that didn’t work. According to the outlet, the judge said the Roc Nation rapper hasn’t proven he’s no longer a danger to anyone in the community and his 15-year sentence will be upheld. Casanova was one of 18 people charged in a racketeering case that involved drug dealing and murder, among others crimes. His punishment was based largely around a 2018 incident wherein he allegedly assaulted a woman for taking a video of him at a diner. The 36-year-old is said to have violently snatched Niya Rucker’s cellphone and then deleted footage of himself from it after she recorded him without consent. For that, he was slapped with two counts of felony robbery, which his legal team is now disputing because the victim left the restaurant with her phone. Casanova received 188 months behind bars from U.S. District Judge Philip M. Halpern in June, with the judge calling him a “high-profile leader of a vicious street gang.” #empfricfm #news #gist #latestgist
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On Sunday, November 26, there was chaos at the Assemblies of God Church in Ehere, Ogbor Hill, Aba, Abia state, as the pastor, Reverend Eze Ogba, refused to marry a groom and bride due to rumors that the bride was expecting a child. According to Vanguard, the ceremony was scheduled to take place after church service, and the pair, named as Mr. Isreal Kennedy and his wife, Miss Rose, together with their relatives, had attended the church. When the bride’s pregnancy was discovered through a pregnancy test that the church leadership had ordered, trouble began. Read the complete article by clicking the link on our bio #latestgist #trending #latestnews
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There will be a point in your life when things start not going well for you, and you end up thinking you have been bewitched. As people, we don’t know or cannot be sure where your partners have been, and what they are doing behind your back.” She said. Continue reading on our website. . . . . #gogomaweni #southafricancelebrities #southafricanwomen #entertainmentnews #latestgist #celebritygossip
Hi guys, we are BACK with season 2 of The Delivery Room. Episode 1 is out on our YouTube channel, go watch and drop your comment, and please don’t forget to subscribe and on the notification button, it’s free of charge.... Thanks ✌🏽 #deliveryroomng #nigeriantalkshow #stageset #trendingtopics #nigerianrelationships #partnerandfriendship #bestfriends #latestgist #controversialpost #naijagossip #nigeriaentertainment