Naira Depreciates Against Dollar Amid FX Supply Drop

ADEOLA YUSUF

The naira depreciated against the dollar at the foreign exchange market to begin the week as FX supply dropped further. FMDQ data showed that the naira slightly weakened at N1635.15 per dollar on Monday compared to N1631.21 exchanged on Friday last week. This represents a marginal N3.94 depreciation against the dollar. Similarly, at the black market, the naira depreciated to N1775 per dollar on Monday from the N1770 exchange rate at the close of last week. This development comes as Foreign Exchange daily transaction turnover further slumped to $126.24 million…

Read More

Man Stabbed To Death By Prostitute He Brought To His Home In Lagos

ADEOLA YUSUF

A 48-year-old man simply identified as Okafor has been stabbed to death allegedly by a prostitute, Joy Kelvin, who he brought to his home in the Jakande area last night October 6. Men of the Ilasan police division received a complaint today October 7, from a man that his friend, Okafor, was reportedly st@bbed in his house at the Jakande housing estate in Lekki. READ ALSO: Why Alimosho LG Chair, Jelili Sulaimon, Was Suspended With Unanimous Vote – Lagos Assembly ‘Better Days Ahead,’ Oil Contracting Cycle, Middlemen Fixed – NCDMB…

Read More

Why Alimosho LG Chair, Jelili Sulaimon, Was Suspended With Unanimous Vote – Lagos Assembly

ADEOLA YUSUF

+ What happened when Platforms Africa called the embattled Chairman of the biggest local government in Lagos   The Lagos State House of Assembly on Monday handed down an indefinite suspension to the chairman of the Alimosho Local Government Area, Jelili Sulaimon. The suspension is with immediate effect. Platforms Africa reports that Sulaimon nether picked calls nor responded to messages seeking his reaction to the development. His media aide, Opeyemi, could also not be reached. Sitting at plenary, the lawmakers resolved that the vice chairman of the council, Mr. Akinpelu…

Read More

‘Better Days Ahead,’ Oil Contracting Cycle, Middlemen Fixed – NCDMB

ADEOLA YUSUF

‘What Presidential Directives on Local Content got to do with it,’ Key points from what Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, said at a breakfast meeting with some media executives in Lagos The Nigerian oil and gas industry is set to enjoy better days ahead, as the Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had eliminated middlemen from the oil and gas industry value chain and contributed to shortening the oil industry contracting cycle to six months, courtesy of the three Presidential Directives…

Read More

‘Sweet But Regulates Blood Sugar,’ 7 Wonders of Dates

ADEOLA YUSUF

Dates, regarded as the oldest planted food in human history, has differemt benefits but seven of the wonders are highlighted in this article by Platforms Africa ; Date fruits are oval-cylindrical, 3–7 cm (1–3 in) long, and 2–3 cm (3⁄4–1+1⁄4 in) diameter, and when ripe, range from bright red to bright yellow in colour, depending on variety. Dates contain a single stone (seed) about 2–2.5 cm (3⁄4–1 in) long and 6–8 mm (1⁄4–5⁄16 in) thick. Here are its benefits. 1. Rich in Antioxidants: Dates contain high levels of antioxidants, protecting…

Read More

IT’S OFFICIAL: Earth Now Has Two Moons

ADEOLA YUSUF

    ‘Intriguing,’ You actually want to read some insights shared by astronomers at the Complutense University of Madrid. and at the Massachusetts Institute of Technology (MIT) about these celestial visitors.       Over the past few weeks, you’ve probably heard somewhere that Earth was going to get a second moon. Well, we can now confirm that Earth now officially has two moons after capturing asteroid 2024 PT5. On Sunday, September 29, our planet captured the tiny asteroid named 2024 PT5, turning it into a temporary mini-moon. This intriguing…

Read More

I Didn’t Break The Law,’ Says Culture Minister Musawa On NYSC Certificate Saga

ADEOLA YUSUF

The Minister of Art, Culture and Creative Economy, Hannatu Musawa, on Sunday, spoke about the controversy surrounding her National Youth Service Corps (NYSC) certificate, asserting her legal standing on the issue. During an appearance on Channels Television’s Politics Today, Musawa stated, “I didn’t break the law,” in response to questions regarding the matter. Recall the minister faced criticism for failing to provide evidence of her participation in the mandatory NYSC scheme during her Senate confirmation screening. However, in April 2024, a Federal High Court in Abuja dismissed the case against…

Read More

Former Minister Loses Only Son

ADEOLA YUSUF

The immediate past Minister of Women Affairs, Pauline Tallen, has lost her only son, Richard. According to the family, Richard died on Sunday morning at the Cedar Crest Hospital in Abuja. The family did not disclose the cause of his death. However, the 42-year-old was said to have been placed on oxygen in the hospital’s Intensive Care Unit (ICU) on Friday night. Also confirming the incident, his alma mater, the Vom Old Boys’ Association (VOBA), wrote on its social media platform that he died in Abuja after a brief illness.…

Read More

Fresh Petrol Price Hike Looms As NNPC Quits Middleman In Dangote Product’s Sale

ADEOLA YUSUF

▪️ How much they will pay per litre is not clear yet, but what is sure is that Nigerians will pay more than the N1,010 per liter currently on the template ▪️ NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.   Nigerians are to pay more for petrol as the Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery. A report by an Abuja-based online newspaper, Premium Times, which revealed the new purchase tenplate,…

Read More

BREAKING: Kellyrae Emerges Winner Of BBNaija Season 9

ADEOLA YUSUF

Kellyrae has emerged as the winner of the Big Brother Naija season 9 ‘No Loose Guard’ edition. Kellyrae edged Wanni who came in second and Onyeka third to emerge winner on the night. READ ALSO Actor Saheed Balogun Loses Daughter, Zeenat Why Nigeria Deserves UN Security Council Permanent Seat, By Tunde Rahman CAN Directs Lord’s Chosen To Vet Testimony Before Presentation ‘1,132 Bags,’ Adebule Distributes Fertilizer To Farmers As the winner, Kellyrae goes home with a cash prize of N60million and a brand new car worth N40m bringing the total…

Read More