Ejes Gist News

Month: June 2024

  • God’s Time – Davido Writes As He Shares Adorable Video With His Wife, Chioma Adeleke Following Their Wedding

    Posted by Amarachi on Thu 27th Jun, 2024 – tori.ng

    In the video, they both rocked traditional outfits from their traditional wedding on Tuesday, June 25.

    Davido and Chioma

    Superstar Nigerian singer, Davido has taken to his Instagram page to share a video of himself and his wife Chioma Adeleke.

    In the video, they both rocked traditional outfits from their traditional wedding on Tuesday, June 25.

    In his caption, the singer wrote; “God’s Time”.

    See Video Below;

    View this post on Instagram

    A post shared by Davido (@davido)

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    Stories from this Category

    Singer, Portable Blasts VeryDarkMan Over His Response To Obi Cubana (Video)

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  • Gov Makinde Obtains FG’s Approval To Make Ibadan Airport International

    Posted by Amarachi on Thu 27th Jun, 2024 – tori.ng

    According to a reports, the development is aimed at enhancing the airport’s capacity to handle international flights, boost economic growth and improve connectivity for the region.

    Seyi Makinde

    Gov Seyi Makinde

    Oyo State Governor, Seyi Makinde has obtained approval from the Tinubu-led Federal Government to transform Ibadan airport into an international airport.

    According to a reports, the development is aimed at enhancing the airport’s capacity to handle international flights, boost economic growth and improve connectivity for the region.

    More to follow.
     

  • Court Sentences ‘Fake Nigerian Senator’ to 2 Years Imprisonment for Fraud

    Court Sentences ‘Fake Nigerian Senator’ to 2 Years Imprisonment for Fraud

    A Nigerian man, posing as a fake Nigerian senator, has been sentenced to two years in prison for defrauding a foreigner of €47,082. Tom Makwe was brought to justice by the Economic and Financial Crimes Commission (EFCC) after they received credible intelligence about his fraudulent internet activities.

    On Wednesday, June 26, a high court in Gwagwalada, Abuja, presided over by Justice Aliyu Shafa, delivered the verdict. In addition to the prison sentence, the convict was given an option to pay a fine of N5 million.

    Conviction and Restitution

    Justice Shafa ordered Makwe to return the stolen N30 million and $1,300 to the victim, Maria Del Rosario San Jose Garces, via the Spanish embassy in Nigeria.

     

    The court mandated that evidence of the restitution be filed with the registrar within two weeks. Additionally, the convict’s possessions, including a 2017 black Camry, a Samsung S23, an Apple iPhone 13, and an HP EliteBook, were to be forfeited to the government. The proceeds from the sale of these items are to be remitted to the victim through the Spanish embassy.

    Read Also:Tinubu Is Not Discriminating Against The North – VP Shettima

    Makwe, who pleaded guilty and asked for leniency, expressed remorse for his actions, stating, “I am a changed person and plead with the court to temper justice with mercy. I will never have anything to do with internet fraud again.”

    Additional Cases of Fraud

    In a related case, two individuals, Ugwu Chijioke and Ibrahim Adekunle, were sentenced to a combined 46 years in prison for impersonating EFCC operatives and carrying out fraudulent activities.

    Stop Giving Visibility To Youths Insulting Elders – Obi Cubana Appeals To Bloggers

    The duo was arrested in May 2021 at New Horizon Estate in Lekki, Lagos, while conducting an illegal operation. The EFCC disclosed this on June 16 via their social media platform, emphasizing the ongoing efforts to curb fraudulent activities.

    Sources: Ejes Gist Naija News, The Guardian, Vanguard, Daily Trust.

  • Tinubu Is Not Discriminating Against The North – VP Shettima

    VP, Sen Kashim Shettima has stated that President Bola Tinubu has the best interest of the Northerners at heart.

    Speaking on Wednesday, June 26, in Kano during a condolence visit from a Federal Government delegation led by the Chief of Staff to the President, Femi Gbajabiamila, following the death of his mother-in-law, Hajiya Maryam Abubakar, Shettima praised Tinubu’s positive actions toward the region.

    He highlighted the appointment of key figures from the North, including the two Ministers of Defence, the Chief of Defence Staff, and the Chairman of the Police Service Commission, as evidence of the president’s dedication to the region’s development.

    Shettima urged Nigerians to support Tinubu’s initiatives to elevate the country, emphasizing that effective governance transcends political party lines. He stressed that national unity and progress should take precedence over party differences.

    Citing the support he received from the Kano State Government, led by Governor Abba Yusuf of the New Nigeria Peoples Party (NNPP), during his bereavement, Shettima noted that the country has moved beyond politics to focus on governance.

    He called for collective efforts to achieve national greatness, emphasizing that political party affiliations should not serve as a basis for division and conflict. The vice-president appealed for unity and cooperation among all political parties, reiterating that ensuring Nigeria’s greatness is a shared responsibility.
     

  • Meet Five Young Players Shining at Euro 2024

    Meet Five Young Players Shining at Euro 2024

    As the Euro 2024 group stage wrapped up on Wednesday, the 16 remaining teams are gearing up for the knockout rounds. The tournament has so far been a stage for young talents to dazzle under the European spotlight. Here’s a look at five standout players aged 21 and under.

    Nico Williams (Spain)

    Spain’s performances in the group stage have made them strong contenders for the title, with 21-year-old Nico Williams catching everyone’s eye. Turning 22 just two days before the final in Berlin, Williams has had a remarkable year. After helping Athletic Bilbao secure their first Copa del Rey in 40 years, he has proven his worth on the international stage. His constant attacking threat was particularly evident in Spain’s 1-0 victory over Italy, where he earned the player of the match award. After the match, Williams received a personal congratulation from the Spanish King, sharing with the media, “I’ve dreamed of moments like this all my childhood.”

    Jamal Musiala (Germany)

    Jamal Musiala, also 21, has been Germany’s key attacking force, scoring in each of their first two games as they topped Group A. After being the lone bright spot in Germany’s disappointing 2022 World Cup, Musiala has evolved into a complete player, adding goalscoring to his creative game. Despite an inconsistent season at Bayern Munich, he has formed a formidable partnership with fellow 21-year-old Florian Wirtz. His man-of-the-match display in the 5-1 thrashing of Scotland showcased his potential. Musiala humbly remarked, “You could say that, yes,” when asked if it was his best performance to date, signaling a warning to other teams.

    Jude Bellingham (England)

    At just 20, Jude Bellingham has already become a pivotal player for England since his breakout performance at the 2022 World Cup. The sole scorer in England’s only win of the tournament so far, Bellingham entered Euro 2024 fresh from winning La Liga and the Champions League with Real Madrid. Alongside Harry Kane and Phil Foden, Bellingham’s role will be crucial if England are to end their long run of major tournament disappointments.

    Arda Guler (Turkey)

    Nineteen-year-old Arda Guler has carried his domestic form into the Euros, having finished the La Liga season on a high with Real Madrid, scoring five goals in his last five games. He made an immediate impact at the tournament, scoring a stunning long-range goal to secure a 2-1 win against Georgia in Turkey’s opener. This made him the youngest player to score on their Euros debut, surpassing Cristiano Ronaldo’s record. Guler’s achievement is a fitting tribute as Ronaldo, now 39, likely plays his final Euros, passing the torch to the next generation.

    Lamine Yamal (Spain)

    Barcelona’s Lamine Yamal made history by becoming the youngest player ever to appear in the Euros at 16 years and 338 days. He also set the record for the youngest player to provide an assist in the tournament during Spain’s 3-0 victory over Croatia. Yamal impressed against Italy and started from the bench in the final group game against Albania as Spain secured three wins out of three. Spain’s coach, Luis de la Fuente, mentioned he is managing Yamal’s playing time to protect the young talent, who he believes is “touched by God’s magic wand

  • Stop Giving Visibility To Youths Insulting Elders – Obi Cubana Appeals To Bloggers

    Billionaire businessman, Obi Iyiegbu, popularly known as Obi Cubana has appealed to bloggers to stop giving visibility to youths that are disrespecting elders on social media.

    This is coming after the clash between controversial activist, Verydarkman and Paulo Okoye.

    The activist had called out Iyabo Ojo, claiming she was never invited to Davido’s main wedding, but to his after-party.

    Paulo Okoye had criticized him for the remark, which thus prompted Verydarkman to shift his attack to Paulo.

    Following this, Obi Cubana took to his Instagram page to call on blogs to desist from giving attention to youths who are disrespecting elders.

    According to him, it would only be enabling them and spur them when such attention is being given.

    “Dear blogs; pls stop giving visibility to youth insulting elders! You enable them! we can’t continue to enable rubbish!!! Stop, pls!!!,” he wrote.

    See reactions below;

    unmiitemenu said: “Let vdm reply Cubana if he is that stubborn”

    sapphire_x__x remarked: “Until VDM block every good access he has because of Cho Cho Cho”

    gen_da_lib opined: “All parties involved are “adults “.The insults have gone both ways🤷🏽‍♀️”

    vanaulkymoore wrote: “The dog that’s determined to be lost in the forest will not yield to the warning whistle of the hunter!”

  • Euro 2024 round of 16 fixtures (Full List)

    Euro 2024 round of 16 fixtures (Full List)

    The full list of the Euro 2024 round of 16 fixtures can be accessed here on Ejes Gist Naija News.

    The Turkey football team has reached the knockout phase at a major tournament for the first time in 16 years after a bad-tempered 2-1 win over a battling 10-man Czech Republic at Euro 2024 on Wednesday.

    Vincenzo Montella’s Turkey finished second in Group F behind Portugal to progress, as a result Czechs were eliminated despite a brave performance on a sweltering night in Hamburg.

    58 Players of African Descent at UEFA EURO 2024 in Germany

    The Georgian  team also went through as one of the best third-placed teams after a stunning 2-0 win over Portugal in the group’s other final game, eliminating Hungary.

    Last-16 fixtures at Euro 2024 after the completion of the group stage on Wednesday (kick-offs GMT):

    Saturday, June 29 Euro 2024 round of 16 fixtures. 

    Switzerland vs Italy: 5pm (Olympiastadion, Berlin)

    Germany vs Denmark: 8pm (Westfalenstadion, Dortmund)

    Sunday, June 30 Euro 2024 round of 16 fixtures. 

    England vs Slovakia: 5pm, ITV (Arena AufSchalke, Gelsenkirchen)

    Spain vs Georgia: 8pm (RheinEnergieStadion, Cologne)

    Euro 2024 round of 16 fixtures for Monday, July 1

    France vs Belgium: 5pm (Merkur Spiel-Arena, Dusseldorf)

    Portugal vs Slovenia: 8pm (Waldstadion, Frankfurt)

    Pitch Invaders Disrupt Portugal vs Turkey Euro 2024 Match in Pursuit of Ronaldo

    Euro 2024 round of 16 fixtures for Tuesday, July 2.

    Romania vs Netherlands: 5pm (Allianz Arena, Munich)

    Austria vs Turkey: 8pm (Red Bull Arena, Leipzig)

  • 10 Top Nigerian Newspaper Headlines For Today, Thursday, June 27, 2024

    10 Top Nigerian Newspaper Headlines For Today, Thursday, June 27, 2024

    Top Nigerian Newspaper Headlines for Thursday, 27th June 2024

    Good morning, Nigeria. Welcome to the Ejes Gist Naija News roundup of today’s top headlines.

    1. Shettima: Tinubu Supports the North

    Vice President Kashim Shettima has firmly dismissed claims that President Bola Tinubu is undermining Northern Nigeria. On Wednesday, Shettima emphasized that Tinubu’s appointments of key northern officials, including the Ministers of Defence and the Chairman of the Police Service Commission, reflect his commitment to the region’s development. Shettima made these remarks while receiving a government delegation led by Chief of Staff Femi Gbajabiamila, who visited to offer condolences on the death of Shettima’s mother-in-law. Highlighting unity, he praised the support from Kano State’s government during his family’s bereavement.

    Fubara Speaks Out on Failed Bomb Attempt: ‘No Governor Can Take 10% of the treatment given to me

    2. National Assembly to Resume Early

    The Senate and House of Representatives have cut their break short, resuming today, Thursday, June 27. Initially scheduled to return on July 2, lawmakers are reconvening early to address critical national issues, including appropriation and electoral matters. This was confirmed by Senate media committee chair Senator Yemi Adaramodu and House Clerk Dr. Yahaya Danzaria.

    3. FG and ASUU Begin Negotiations to Avert Strike

    In a bid to prevent a looming strike, the federal government has initiated closed-door negotiations with the Academic Staff Union of Universities (ASUU). Led by Education Minister Tahir Mamman, the discussions aim to address the union’s concerns and avert the planned industrial action. ASUU President Emmanuel Osodeke confirmed the meeting’s focus on resolving long-standing issues affecting the university system.

    4. Fire Erupts at Dangote Refinery

    A major explosion occurred at the Dangote Refinery in Ibeju-Lekki, Lagos State, on Wednesday. Workers evacuated the area, with one reportedly shouting about the abundance of gas. The cause of the fire remains unclear, but the situation has been contained, according to Dangote Group’s Chief Branding Officer, Anthony Chiejina. The fire service promptly responded to the incident.

    5. Government’s Stance on Minimum Wage

    Health and Social Welfare Minister Muhammad Ali Pate has reiterated that the government will only offer a minimum wage it can sustain. Speaking on Channels Television’s ‘The Morning Brief Show,’ Pate stressed the administration’s commitment to improving health workers’ welfare while cautioning against unrealistic promises.

    6. Kano Governor Warns Deposed Emir Bayero

    Governor Abba Yusuf of Kano State has declared that deposed Emir Aminu Ado Bayero should refrain from using government properties, emphasizing his status as a private citizen. This follows the Kano State House of Assembly’s enactment of a new law reinstating Muhammad Sanusi as the Emir. Yusuf’s Chief Press Secretary, Sanusi Bature, affirmed the governor’s stance in a recent interview.

    7. Atiku Abubakar Heads to Europe

    Former Vice President and PDP presidential candidate Atiku Abubakar has left Nigeria for a business trip to Europe. According to his Media Adviser Paul Ibe, Atiku departed Abuja’s Nnamdi Azikiwe International Airport on Wednesday morning and is expected to return soon.

    8. El-Rufai Challenges Kaduna Assembly

    Ex-Kaduna State Governor Nasir El-Rufai has filed a lawsuit against the State House of Assembly over allegations of siphoning ₦432 billion. El-Rufai, represented by lawyer Abdulhakeem Mustapha, seeks to nullify the Assembly’s report, citing a lack of fair hearing. The lawsuit, filed at the Federal High Court in Kaduna, also names the state Attorney General as a respondent.

    9. Former Militant Leader Declared Wanted

    Rivers State Police have declared ex-Niger Delta militant Gabriel ‘General’ Asabuja wanted following his threats against FCT Minister Nyesom Wike. Asabuja’s public vow to support Governor Siminalayi Fubara and combat crime has raised significant concern. Commissioner of Police Olatunji Disu assured the public that efforts are underway to apprehend Asabuja.

    10. New Kano Police Commissioner Denies Royal Ties

    Salman Garba, Kano’s newly appointed Police Commissioner, has denied any royal connections to deposed Emir Aminu Ado Bayero. In his inaugural press briefing, Garba committed to tackling crime and ensuring security in Kano, emphasizing his impartial service to all residents.

    Stay tuned for more updates and in-depth coverage on Ejes Gist – Naija New

  • Fubara Speaks Out on Failed Bomb Attempt: ‘No Governor Can Take 10% of the treatment given to me

    Fubara Speaks Out on Failed Bomb Attempt: ‘No Governor Can Take 10% of the treatment given to me

    Governor Sim Fubara of Rivers State has accused supporters of Federal Capital Territory (FCT) Minister Nyesom Wike of attempting to bomb the Hotel Presidential in Port Harcourt, the state capital.

     

    Fubara said that the failed attack was intended to legitimise the state’s declaration of an emergency. He made the assertion while meeting with a delegation from the Senate Committee on Privatisation and Commercialisation, chaired by Senator Orji Uzor Kalu, in Port Harcourt.

    Read Also: Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 27, 2024: USD to NGN CBN Rate

    Fubara stated: “In reality, let me tell you, I am aware of everything that is going on. No government can take 10% what have received, I am the only governor that a councilor, chairman have insulted. Protesters were aware of your presence in the state yesterday (Tuesday). So there was an attempt to cause a huge problem.

    “In truth, there was a plan to ignite dynamite at the Hotel Presidential because you were present. But, according to the God we serve, the man who was attempting to do so exploded it, but it just blew his hands off a few seconds later. “The idea was that when you were hearing the state of emergency, the argument would be from.

    Read Also : Nick Imudia: Former CEO of Konga, takes his own life: Details Emerge

    The idea was that when you were hearing about the state of emergency, by the time you returned to your sitting tomorrow (Thursday), the argument would be from someone from this state who had phoned you to inform you not to come.

    “He will now raise the issue of state of emergency, and say, after all, distinguished colleagues saw it happen while you were in Rivers State, that you saw what happened.”

  • Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 27, 2024: USD to NGN CBN Rate

    Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 27, 2024: USD to NGN CBN Rate

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

    Many Nigerians, especially those engaged in foreign trade, travel, and investment, have always been very interested in and concerned about the exchange rate between the US dollar and the Nigerian naira. The parallel market, also known as the black market or Aboki FX, often offers a different rate from the official Central Bank of Nigeria (CBN) rates. For many, this is a critical source of foreign exchange.

    See the black market Dollar to Naira exchange rate for June 27, 2024, below. At these rates, you can exchange your dollar for Naira.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate at black market Yesterday (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1500 and sell at N1505 on Wednesday, June 26, 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today June 27, 2024

    Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
    Buying Rate N1502
    Selling Rate N1505

    Dollar to Naira CBN Exchange Rate

    The Central Bank of Nigeria sets the official exchange rates, providing stability through government regulation. As of now, the rates are:

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN) CBN Rate Today
    Buying Rate N1547
    Selling Rate N1549

    These rates reflect government policies aimed at stabilizing the naira and managing foreign exchange reserves. Businesses and individuals that prefer regulated transactions frequently rely on these rates.

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary

    Factors Influencing Black Market Rates

    Understanding the factors that influence the dollar to naira exchange rate in the black market can help anticipate changes and make better financial decisions.

    Economic Policies

    Government policies significantly impact exchange rates. Decisions on interest rates, inflation control, and foreign exchange regulations by the Central Bank of Nigeria (CBN) directly affect the naira’s value. For instance, when the CBN adjusts policies to manage inflation or stabilize the naira, it impacts the exchange rate.

    Supply and Demand

    The availability of foreign currency versus the demand for it plays a crucial role. When foreign currency is scarce or demand is high, the naira depreciates, leading to higher exchange rates. Conversely, an abundant supply of dollars can lead to lower rates.

    Political Stability

    Geopolitical events and internal political stability affect investor confidence. Political unrest or uncertainty can cause the naira to depreciate as investors move towards safer assets. Stability and positive political developments, on the other hand, can strengthen the naira.

    Global Economic Conditions

    Global market conditions, such as shifts in oil prices (a major export for Nigeria), international economic trends, and global inflation rates, influence the naira’s value. For example, a significant drop in oil prices can negatively impact Nigeria’s economy and the naira.

    Comparing Official and Black Market Rates

    There is a significant disparity between official and black market rates. The black market offers higher rates, but with substantial risks such as fraud and legal issues. The CBN advises using official channels to avoid these risks. Official rates are stable and reliable, making them suitable for the majority of transactions.

    Pounds and Euro to Naira Exchange Rates

    For those dealing with currencies other than the US dollar, here are the latest rates:

    Pounds to Naira (CBN Rates)

    • Buying Rate: ₦1,892
    • Selling Rate: ₦1,905

    Euro to Naira (Black Market Rates)

    • Buying Rate: ₦1,615
    • Selling Rate: ₦1,630

    These rates are also subject to market conditions and economic policies.

    Geegpay and Grey: online Exchange Platforms

    Digital platforms like Geegpay and Grey offer convenient and secure options for currency exchange, providing competitive rates.

    Geegpay Dollar to Naira Rates

    • EUR (€): Buying at ₦1,690.03, Selling at ₦1,695.55
    • GBP (£): Buying at ₦1,950, Selling at ₦1,965
    • USD ($): Buying at ₦1,500, Selling at ₦1,550

    Grey Dollar to Naira Rates

    • EUR (€): Buying at ₦1,640.03, Selling at ₦1,719
    • GBP (£): Buying at ₦1,902, Selling at ₦2,015
    • USD ($): Buying at ₦1,460, Selling at ₦1,500

    These platforms have gained popularity due to their ease of use, transparency, and security, making them viable alternatives to traditional methods.

     

    Why the Disparity Between Official and Black Market Rates?

    The disparity between the official CBN rates and the black market rates is influenced by several factors:

    1. Supply and Demand: The availability of foreign currency in the official market is often limited, leading individuals and businesses to seek forex in the black market where demand drives up prices.
    2. Regulatory Restrictions: The CBN imposes restrictions on the amount of forex available for personal and business use, making it difficult for many to meet their needs through official channels.
    3. Economic Instability: Fluctuations in oil prices, inflation, and economic policies can create uncertainty, prompting people to turn to the parallel market for more favorable rates.

    Impact of Black Market Rates on the Economy

    The high exchange rates in the black market can have various implications for the Nigerian economy:

    • Inflation: Higher costs for imported goods can drive up prices locally, contributing to inflation.
    • Investment: Unfavorable exchange rates can deter foreign investment as investors seek more stable economic environments.
    • Trade: Exporters may benefit from higher naira values per dollar, while importers face increased costs, potentially leading to trade imbalances.

    How to use the parallel market 

    For those needing to engage in forex transactions through the black market, safety and caution are paramount. Here are some tips:

    1. Verify Rates: Always check the latest rates from reliable sources like Aboki FX to ensure you get the best deal.
    2. Deal with Reputable Dealers: Engage with well-known and trusted Bureau De Change operators to avoid scams.
    3. Stay Informed: Keep abreast of economic news and CBN policies that could affect exchange rates.

    FAQs on dollar naira exchange rate black market

    • How much is a dollar to naira today in the black market? The buying rate is N1495, and the selling rate is N1500 as of June 23rd, 2024.
    • Why does the black market offer higher rates than the CBN? The black market rates are driven by supply and demand dynamics, regulatory restrictions, and economic instability.
    • Is it legal to trade forex in the black market? While the CBN discourages it, many engage in the black market due to the unavailability of sufficient forex through official channels.
    • What are the risks of trading in the black market? Risks include fluctuating rates, potential scams, and the legal gray area of such transactions.
    • Can the CBN influence black market rates? The CBN can influence these rates through monetary policy, forex interventions, and regulatory measures, but direct control is limited.
    • How often do black market rates change? Rates can change on a daily or even multiple times per day, depending on market conditions and economic news.

    Conclusion on the Dollar-Naira Exchange Rate Black Market

    The dollar to naira exchange rate at the black market reflects a complex interplay of economic factors, regulatory frameworks, and market dynamics. While it offers a critical alternative for many Nigerians seeking forex, it also underscores the challenges and opportunities within Nigeria’s broader economic landscape. Staying informed and cautious can help navigate this often volatile market effectively.

  • Nick Imudia: Former CEO of Konga, takes his own life: Details Emerge

    Nick Imudia: Former CEO of Konga, takes his own life: Details Emerge

    Former Konga CEO Nick Imudia Commits Suicide.

    Nick Imudia, a former Chief Executive Officer (CEO), of Konga, one of Nigeria’s e-commerce giants, has committed suicide in his home.

    Nick, who until his death, was the CEO of D.light, a leading innovator in the distribution and financing of residential solar energy solutions and transformational household products, killed himself on the night of Tuesday, June 25, by jumping from the balcony of his Lekki, Lagos apartment.

    National Assembly Cuts Short Break, To Resume On Thursday

    Before he jumped, he had called his US-based brother to give him instructions on how to distribute his wealth should anything happen to him.

    He also called his young daughter from a previous relationship and told her he would always be there for her and that all she needed to do was to look in the sky and he would see her. His friends, family and associates are in shock as to why he would commit suicide. No one is sure why he took his own life.

    Fubara Speaks on Dumping PDP as APC Senator Visits Rivers Govt House

    From the Ika South local government area of Delta State, Nick was previously married to the mother of his young daughter who was also from the same local government with him. The marriage ended due to irreconcilable differences.

    Nick Imudia gave love a second chance

    He gave love a second chance when he got married to a Caucasian. Everyone assumed he had reached his zen only to wake up to news of his suicide. Before Konga, Nick had stints with TCL/Alcatel as a regional director and Microsoft Device and Services as the GM/MD for West and Central Africa.

    His death has sent shocking waves to many Nigerians.

  • National Assembly Cuts Short Break, To Resume On Thursday

    The Senate and House of Representatives will resume on Thursday, June 27.

    The lawmakers were expected to resume on July 2 from their Sallah and end of first session break but updates given by both chambers of the National Assembly confirmed the early resumption due to important national assignments.

    This development was confirmed by the chairman of Senate committees on media and public affairs, Senator Yemi Adaramodu (APC-Ekiti South), and the Clerk of the House of Representatives, Dr. Yahaya Danzaria, respectively.

    Adaramodu said in his statement that part of the issues that need the attention of the lawmakers include appropriation matters as well as constitutional and electoral matters.

    Adaramadu said: “It’s our statutory resumption from the Sallah break. Senate has the constitutional power to regulate its sessions and we believe that we could gain one more legislative day to deal with national and constitutional issues, hence the bringing forward from the initial July 2.

    “We hope to deal with issues concerning our further oversight on the Appropriations and clear further the hanging issues of constitutional and electoral concerns. And clear outstanding bills and motions, expectedly before our annual recess, later in the year.”

    On his part, the Clerk to the House of Representatives, Danzaria, in a terse internal memo dated June 24, 2024, and titled: “Change in Resumption Date from Recess” urged house members to adjust their schedules for the earlier resumption.

    “Please be informed that the resumption date from the ongoing recess has been rescheduled from Tuesday, July 2, 2024, to Thursday, June 27, 2024.

    “Accordingly, the plenary will hold on Thursday, June 27, 2024, by 11:00 am.

    “Kindly make necessary adjustments to your schedules and ensure your timely presence for the resumption of legislative activities,

    ” the memo reads.

    Among issues expected to be tabled before the lawmakers is the 2024 Supplementary Appropriation Bill which is expected to be presented on Thursday to the National Assembly by President Bola Tinubu.

  • Fubara Speaks on Dumping PDP as APC Senator Visits Rivers Govt House

    Fubara Speaks on Dumping PDP as APC Senator Visits Rivers Govt House

    …We Are No Longer Doing Political Party In Our State. 

    Rivers State Governor Sim Fubara has announced a strategic shift in focus from party politics to a movement anchored on truth and consistency.

    Governor Fubara made this announcement on Wednesday at Government House in Port Harcourt while welcoming a delegation from the Senate Committee on Privatisation and Commercialisation, led by Senator Orji Uzo Kalu.

    Read Also: Kenyan President Ruto Withdraws Controversial Tax Bill After Police Kill 22 Protesters

    The governor emphasized that the state would no longer be constrained by party lines, choosing instead to firmly stand its ground in defense of democracy.

    PDP has failed Us 

    “In our state today, we are no longer engaged in party politics. We are initiating a movement. Therefore, you cannot fault me for distancing myself from party affiliations,” Fubara stated. “The party has let us down here. Our commitment now is to stand solidly on the soil of Rivers State to safeguard democracy.”

    Breaking News: Fire Erupts at Dangote Refinery in Lagos

    The People’s Democratic Party (PDP), to which both Wike and Fubara belong, has refused to discipline Wike, fueling speculations of his influence among the party’s decision-makers.

    This development occurs against the backdrop of a prolonged political crisis in Rivers State, which began last year between Governor Fubara and former Governor Nyesom Wike, who is now the Minister of the Federal Capital Territory.

    Despite intervention from President Bola Tinubu, the conflict intensified following Fubara appointment of Caretaker Committee Chairmen to replace pro-Wike Local Government Chairmen.

  • Kenyan President Ruto Withdraws Controversial Tax Bill After Police Kill 22 Protesters

    Kenyan President Ruto Withdraws Controversial Tax Bill After Police Kill 22 Protesters

    Kenya’s President Ruto Withdraws Tax Bill After 22 Protesters Killed”. 

    In a dramatic turn of events, Kenyan President William Ruto has decided to withdraw a contentious tax bill after violent protests erupted across the nation, resulting in the deaths of over 20 people and the ransacking of parliament.

     

    “I concede, and therefore I will not sign the 2024 finance bill, and it shall subsequently be withdrawn. The people have spoken,” Ruto said during a press briefing.

    Kenya Anti-Tax Protest Turns Violent: 5 Dead, Dozens Injured

    The move comes in response to widespread backlash against the proposed tax increases, which sparked protests throughout Kenya. The protest escalated on Tuesday when police fired live rounds into crowds that had stormed the parliament complex, leading to the deaths of 22 individuals and injuries to 300 others, according to the Kenya National Commission on Human Rights.

    He also warned that this decision would create a significant shortfall in funding for essential development programs aimed at supporting farmers, school teachers, and other critical sectors.

    Recall that Kenya faces the daunting challenge of reducing its substantial foreign debt, which amounts to roughly 70% of its GDP. The proposed tax hikes were intended to help service the country’s 10 trillion shillings ($78 billion) debt.

  • Breaking News: Fire Erupts at Dangote Refinery in Lagos

    Breaking News: Fire Erupts at Dangote Refinery in Lagos

    Fire engulfs Dangote refinery

    A fire has broken out at the Dangote Refinery in Lagos State, sending plumes of thick smoke into the air from a section of the yet-to-be-completed facility.

    In a video obtained by our reporter, the smoke can be seen billowing from the refinery as workers frantically call for assistance in extinguishing the flames.

    Read Also : Innocent Bricklayer Released After Spending 24 Years In Jail Shares Ordeal

    Disturbingly, there were no firefighters or firefighting trucks visible at the scene when the video was recorded.

    Efforts to control the fire are ongoing, and the cause of the blaze remains unknown as of the time of filing this report. More details will follow as the situation develops.

    Pay N20 Million Tax or Face Deadly Attack” — Bandits warn Benue Community

    See Video below.

  • Innocent Bricklayer Released After Spending 24 Years In Jail Shares Ordeal

    A 50-year-old bricklayer who spent 24 years in prison for a crime he did not commit has shared his ordeal after he was released.

    Lukman Adeyemi was just 26 years old when he accompanied a friend who had been invited by police to the police station.

    His act of loyalty towards his friend led to him being detained. He ended up spending 24 years in jail and was only freed on June 14, 2024.

    He spent nine years in pre-trial detention, followed by an unbearable 15 years on death row.

    Narrating how he was detained, he explained that when he got to the station with his friend, during interrogations by SARS Police officers, he endured severe physical and psychological torment, leading to coerced confessions for crimes he knew nothing about.

    Sharing his story with Vanguard, he said: “I am Lukman Adeyemi, a native of Iwerele, Iwajowa Local Government, Oyo State. I am a Bricklayer by profession. I was 26 years old when I had this problem.

    “In August 2000, after returning home from work with a friend living with me, Ismaila Lasisi, we were told that the Police came to look for Ismaila and he was asked to report himself in the station.

    “I immediately decided to follow him to the station, lo and behold I was arrested and detained along with him. I was tortured to the point of death over a crime I knew nothing about, right from the police station.

    “I had a close shave with the death over a murder of a woman who was hired by some ex-friends of Ismaila Lasisi to fetch water for them at the construction site. The woman left home in the morning and she never returned home.

    “Ismaila Lasisi once lived with them. He begged to come and live with me after he had a misunderstanding with these people in March. I knew these people from a far distance. Our paths never crossed in life for anything. This was how I was charged to court along with these people over an offence I never had any knowledge of.

    “In 2009 we were sentenced to death. We filed separate appeals but the appeal failed to the Supreme Court.

    “My story of innocence to whoever cared to listen fell on deaf ears, with many questioning, ‘If you’re not one of them, why mention your name?’ ‘If truly you are innocent why can’t court free you?’

    “I felt abandoned by truth itself. I spent 24 years behind bars like 24 hours, a sleepless night that lasted for two decades.

    “In June 2023 one of the officers of the Correctional Service, Deputy Superintendent of Correctional (DSC) AbdulKareem Awesu introduced my case to a Pastor and I spoke with him on phone.

    “On 17th July 2023, a group Centre for Justice Mercy and Reconciliation, CJMR, led by Pastor Hezekiah Olujobi visited us at the Ibara Correctional Service where they listened to all of us including the culprits who exonerated us. The organization went with all our judgement and shed light on our innocence.

    “June 14, 2024, shall remain evergreen and memorable day in my life. Light shone upon me, rain fell on my head for the first time and I saw the moon for the first time.

    “I never knew I could pay for the sin of another man. How could I have committed an offense and still boldly walk into a police station to report myself?

    “I am grateful that the organization Centre for Justice Mercy and Reconciliation intervened on my behalf, a beacon of hope in a sea of despair. Her belief in my innocence reignited the flame of justice within me, propelling me toward the possibility of redemption.”

    Pastor Hezekiah Deboboye Olujobi the Executive Director of Centre for Justice Mercy and Reconciliation, CJMR, an NGO based in Ibadan shed light on the innocence of Lukman Adeyemi and Ismaila Lasisi.

    He said: “Our attention was drawn to the complaints of these two people on their claim of innocence by the Welfare Officer DCP Awesu, who invited us to come and help these people assuring us of their innocence and the effort made through the legal process without justice.

    “We came down to Ibara Custodial Centre,  Abeokuta, to hear from them. The two perpetrators confided in us that truly, they were the ones who committed the crime and that the two people were totally innocent of the crime. We adjusted our seats to hear them very well.

    “It was a long drilling of questions on their parts. But yet they insisted on their innocence. What they said carried no weight in my ears until I read through the judgement that convicted them.  We obtained their judgements from both the trial court and the Supreme Court for our review. We noticed the presentation of the state before the appellate court could never allow the court to shift ground.”


    Pastor Olujobi said he observed that “while reading through their separate judgements, it was a contradiction.”

    Narrating how the release of both innocent suspects was facilitated, Pastor Olujobi said: “With all the analysis and the evidence in the record, we forwarded our findings to the office of the Attorney-General of Ogun State and the Committee for the Board of Prerogative of Mercy and they considered our appeal.

    “It’s not about their story, it is about the fact that the record corroborated their story.”

    Currently, Lukman Adeyemi and Ismaila Lasisi are at the CJMR Halfway Home for recovery and reintegration process.
     

  • Man Arrested For Assaulting Police Officer

    A 47-year-old cobbler from Ajah, Oluwaseun Jacobs, has been arrested.

    He was arraigned on a three-count charge, including assault, bodily harm and conduct likely to cause a breach of peace.

    His arrest is linked to the reprehensible and grievous assault of a police officer in Lagos State on Saturday 22nd June, 2024 at Chevron Roundabout, Lekki, Lagos State. Following his arraignment, Jacobs was remanded at the Ikoyi Correctional Centre, with the case adjourned to July 8, 2024, for hearing.  

    Giving an update on the case, Nigerian police spokesperson, Olumuyiwa Adejobi said;

    “The Nigeria Police Force is deeply concerned about the recent reprehensible and grievous assault on a police officer in Lagos State on Saturday 22nd June, 2024 at Chevron Roundabout, Lekki, Lagos State. The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has expressed dismay over this incident. The assailant, 47-year-old Oluwaseun Jacobs, a cobbler based in Ajah, has been apprehended, already been arraigned in court on a three-count charge including assault occasioning bodily harm, and conduct likely to cause breech of peace. The case has been adjourned to July 8, 2024 for hearing, while the suspect is currently remanded at the Ikoyi Correctional Centre pending further legal proceedings.

    “The Inspector General of Police hereby assures all officers of the NPF’s full support in situations where their rights are violated noting that the Force would not condone such embarrassing situations. He emphasized that the safety of officers is paramount and runs pari passu with the fundamental rights of citizens, reiterating that the NPF will not tolerate any form of assault on its officers, and will ensure that those responsible face the full wrath of the law. The Nigeria Police Force calls on all citizens to respect the role of the Nigeria Police in maintaining law and order, cooperate and support the process in creating a safer and more secure society for all. We assure the public that the Nigeria Police Force remains steadfast in its mission to protect lives and property, and to uphold justice and the rule of law. Further updates on the case will be provided as the legal proceedings continue.”

  • Lekki Is A Total Mess – Grace Makun Laments After Picking Her Children From School By 6pm Due To Flooding

    Popular Nigerian businesswoman,  Grace Makun has taken to Instagram to lament about the poor state of roads in Lagos following the heavy downpour.

    The wife of designer, Yomi Casual explained that she picked her children from school by 6pm because of traffic.

    She added that her mind has not been at rest all day because of her children who were made to stay at school for longer than necessary.

    “Everywhere is a mess. Lekki is a total mess,” she wrote.

  • Breaking News: Sokoto Assembly Passes Controversial Bill to Strip Sultan’s Powers, Details Emerge

    Breaking News: Sokoto Assembly Passes Controversial Bill to Strip Sultan’s Powers, Details Emerge

    Tension as Sokoto Assembly Passes Bill to Strip Sultan’s Power. 

    The Sokoto State House of Assembly has swiftly moved through the first and second readings of a bill set to significantly reduce the authority of the Sultan of Sokoto, Alhaji Sa’ad Abubakar III. This development has sparked tension across the state, given the Sultan’s traditional and religious significance.

    Read Also : Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 26, 2024: USD to NGN CBN Rate

    Under the proposed Sokoto Emirate Council Amendment Bill, the Sultan would lose the power to unilaterally appoint kingmakers and district heads, a role he has held for years. Instead, these appointments would require state government approval, marking a substantial shift in the region’s traditional power dynamics.

    The urgency of the bill’s progression has not gone unnoticed. Just two days prior, the Muslim Rights Concern (MURIC) raised alarms about an alleged plot by Governor Ahmed Aliyu to depose the Sultan. Professor Isiaq Akintola, MURIC’s executive director, voiced grave concerns over the state’s intentions, especially in light of the recent deposition of five monarchs in Kano State.

    Justice Adegboye Gbolagunte is Dead, Details Emerge ( photo)

    “The Sultan’s role is not confined to Sokoto alone; he is a spiritual leader for all Muslims in Nigeria,” Akintola emphasized, highlighting the broader implications of the bill.

    Adding to the tension, Governor Aliyu recently deposed 15 traditional rulers for various offenses, a move that has only intensified the scrutiny on his administration’s actions. Vice President Kashim Shettima has also weighed in, cautioning against any attempts to undermine the Sultan’s position. He stressed the importance of preserving the integrity of the institution.

    In response to the allegations, the state government has denied any plans to depose the Sultan, asserting that the legislative changes do not alter the fundamental structure of the traditional leadership.

    The Sultan of Sokoto, known for his outspoken views on regional security issues, recently stated that it could take decades to eradicate banditry in the northwest. He called for a united front in combating the menace, reaffirming the commitment of traditional rulers to support this fight.

    As the bill awaits its final reading, all eyes are on the Sokoto State House of Assembly to see how this legislative drama will unfold and what it will mean for the region’s future governance.

  • Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 26, 2024: USD to NGN CBN Rate

    Dollar to Naira Exchange Rate at Black Market (Aboki FX) June 26, 2024: USD to NGN CBN Rate

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

    The exchange rate between the US dollar and the Nigerian naira has always been a topic of great interest and concern for many Nigerians, particularly those involved in international trade, travel, and investments. The parallel market, also known as the black market or Aboki FX, often offers a different rate from the official Central Bank of Nigeria (CBN) rates. For many, this is a critical source of foreign exchange.

    See the black market Dollar to Naira exchange rate for June 26, 2024, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1480 and sell at N1485on Tuesday, June 25, 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today June 25, 2024

    Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
    Buying Rate N1487
    Selling Rate N1490

    Dollar to Naira CBN Exchange Rate

    The Central Bank of Nigeria sets the official exchange rates, providing stability through government regulation. As of now, the rates are:

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN) CBN Rate Today
    Buying Rate N1544
    Selling Rate N1546

    These rates reflect government policies aimed at stabilizing the naira and managing foreign exchange reserves. Businesses and individuals who prefer regulated transactions often rely on these rates.

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary

    Factors Influencing Black Market Rates

    Understanding the factors that influence the dollar to naira exchange rate in the black market can help anticipate changes and make better financial decisions.

    Economic Policies

    Government policies significantly impact exchange rates. Decisions on interest rates, inflation control, and foreign exchange regulations by the Central Bank of Nigeria (CBN) directly affect the naira’s value. For instance, when the CBN adjusts policies to manage inflation or stabilize the naira, it impacts the exchange rate.

    Supply and Demand

    The availability of foreign currency versus the demand for it plays a crucial role. When foreign currency is scarce or demand is high, the naira depreciates, leading to higher exchange rates. Conversely, an abundant supply of dollars can lead to lower rates.

    Political Stability

    Geopolitical events and internal political stability affect investor confidence. Political unrest or uncertainty can cause the naira to depreciate as investors move towards safer assets. Stability and positive political developments, on the other hand, can strengthen the naira.

    Global Economic Conditions

    Global market conditions, such as shifts in oil prices (a major export for Nigeria), international economic trends, and global inflation rates, influence the naira’s value. For example, a significant drop in oil prices can negatively impact Nigeria’s economy and the naira.

    Comparing Official and Black Market Rates

    There is a significant disparity between official and black market rates. The black market offers higher rates, but with substantial risks such as fraud and legal issues. The CBN advises using official channels to avoid these risks. Official rates provide stability and reliability, making them safer for most transactions.

    Pounds and Euro to Naira Exchange Rates

    For those dealing with currencies other than the US dollar, here are the latest rates:

    Pounds to Naira (CBN Rates)

    • Buying Rate: ₦1,890
    • Selling Rate: ₦1,905

    Euro to Naira (Black Market Rates)

    • Buying Rate: ₦1,615
    • Selling Rate: ₦1,625

    These rates are also subject to market conditions and economic policies.

    Geegpay and Grey: online Exchange Platforms

    Digital platforms like Geegpay and Grey offer convenient and secure options for currency exchange, providing competitive rates.

    Geegpay Dollar to Naira Rates

    • EUR (€): Buying at ₦1,690.03, Selling at ₦1,695.55
    • GBP (£): Buying at ₦1,950, Selling at ₦1,965
    • USD ($): Buying at ₦1,500, Selling at ₦1,550

    Grey Dollar to Naira Rates

    • EUR (€): Buying at ₦1,640.03, Selling at ₦1,719
    • GBP (£): Buying at ₦1,902, Selling at ₦2,015
    • USD ($): Buying at ₦1,460, Selling at ₦1,500

    These platforms have gained popularity due to their ease of use, transparency, and security, making them viable alternatives to traditional methods.

     

    Why the Disparity Between Official and Black Market Rates?

    The disparity between the official CBN rates and the black market rates is influenced by several factors:

    1. Supply and Demand: The availability of foreign currency in the official market is often limited, leading individuals and businesses to seek forex in the black market where demand drives up prices.
    2. Regulatory Restrictions: The CBN imposes restrictions on the amount of forex available for personal and business use, making it difficult for many to meet their needs through official channels.
    3. Economic Instability: Fluctuations in oil prices, inflation, and economic policies can create uncertainty, prompting people to turn to the parallel market for more favorable rates.

    Impact of Black Market Rates on the Economy

    The high exchange rates in the black market can have various implications for the Nigerian economy:

    • Inflation: Higher costs for imported goods can drive up prices locally, contributing to inflation.
    • Investment: Unfavorable exchange rates can deter foreign investment as investors seek more stable economic environments.
    • Trade: Exporters may benefit from higher naira values per dollar, while importers face increased costs, potentially leading to trade imbalances.

    How to use the parallel market 

    For those needing to engage in forex transactions through the black market, safety and caution are paramount. Here are some tips:

    1. Verify Rates: Always check the latest rates from reliable sources like Aboki FX to ensure you get the best deal.
    2. Deal with Reputable Dealers: Engage with well-known and trusted Bureau De Change operators to avoid scams.
    3. Stay Informed: Keep abreast of economic news and CBN policies that could affect exchange rates.

    FAQs on dollar naira exchange rate black market

    • How much is a dollar to naira today in the black market? The buying rate is N1495, and the selling rate is N1500 as of June 23rd, 2024.
    • Why does the black market offer higher rates than the CBN? The black market rates are driven by supply and demand dynamics, regulatory restrictions, and economic instability.
    • Is it legal to trade forex in the black market? While the CBN discourages it, many engage in the black market due to the unavailability of sufficient forex through official channels.
    • What are the risks of trading in the black market? Risks include fluctuating rates, potential scams, and the legal gray area of such transactions.
    • Can the CBN influence black market rates? The CBN can influence these rates through monetary policy, forex interventions, and regulatory measures, but direct control is limited.
    • How often do black market rates change? Rates can change daily or even multiple times within a day, depending on market conditions and economic news.

    Conclusion on Dollar Naira Exchange Rate Black Market

    The dollar to naira exchange rate at the black market reflects a complex interplay of economic factors, regulatory frameworks, and market dynamics. While it offers a critical alternative for many Nigerians seeking forex, it also underscores the challenges and opportunities within Nigeria’s broader economic landscape. Staying informed and cautious can help navigate this often volatile market effectively.