The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...
Mudashiru Obasa has been re-elected as the Speaker of the Lagos State House of Assembly. His return follows the resignation of Mojisola Meranda, who stepped down from the position with immediate effect. Obasa was reinstated during the plenary session on Monday. Earlier in January, Obasa had been impeached by members of the Assembly due to several fraud-related accusations. Further details will...
In a significant political development, Dr. Yunusa Tanko, the Interim National Coordinator of the Obidient Movement, announced the commencement of a partial campaign for Peter Obi's 2027 presidential bid on February 25, 2025. Tanko, who previously served as the spokesperson for the 2023 Obidient Movement, made this announcement via a tweet on X (formerly Twitter), stating: "Kindly join us as we...
The Labour Party (LP) in Osun State has withdrawn from Saturday’s local government election. This was announced by LP Chairman, Mr. Adebayo Bello, on Friday in Osogbo. Bello cited inadequate security arrangements by the State Independent Electoral Commission (OSSIEC) as the reason for the withdrawal. He called for the election to be postponed for one or two months to allow OSSIEC to make...
Speculation is growing over the health of Pope Francis as the Vatican remains unusually silent following his recent hospitalization at Gemelli Hospital in Rome. Concerns have intensified as the 87-year-old Pontiff has not made any direct public appearances or statements since his last social media message on Sunday. Just days ago, Pope Francis shared words of gratitude on X,...
