Month: February 2026

  • NDLEA Arrests Businesswoman With Tramadol Concealed in Fake Pregnancy

    NDLEA Arrests Businesswoman With Tramadol Concealed in Fake Pregnancy

    Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a 35-year-old Kano-based businesswoman, Rabi Muhammad, for allegedly attempting to smuggle thousands of tramadol capsules concealed in a fabricated pregnancy.

    The suspect was arrested at the Seme land border in Lagos while attempting to cross into Cotonou, Benin Republic.

    Ejes Gist News reports that NDLEA officers became suspicious after observing a protruding abdomen that prompted further examination at the departure area of the border post.

    How the Concealment Was Discovered

    According to a statement issued by NDLEA spokesperson Femi Babafemi, a full-body search exposed the concealment method.

    Also Read: Gunmen Attack Ibori’s Daughter as Violence Disrupts APC Congress in Delta

    The agency said the suspect’s “pregnancy” was artificial and constructed using a pink-coloured calabash strapped to her abdomen. The container reportedly held 3,200 capsules of tramadol, which investigators believe she intended to transport to Cotonou for distribution.

    Babafemi stated that the discovery followed routine profiling and physical checks conducted by officers stationed at the busy international corridor linking Nigeria and Benin Republic.

    NDLEA’s Ongoing Border Enforcement

    The Seme border remains a strategic transit point frequently monitored by anti-narcotics operatives due to its high volume of cross-border movement. The NDLEA has intensified surveillance, intelligence gathering, and physical inspections along the route as part of broader efforts to curb the trafficking of controlled substances.

    Tramadol, an opioid analgesic, is classified as a controlled medication in Nigeria because of its potential for abuse and dependence. Authorities have repeatedly warned that illicit distribution contributes to public health risks and criminal activity.

    The agency confirmed that investigations are ongoing to determine possible accomplices and supply chains linked to the suspect. Further legal proceedings are expected in line with Nigeria’s drug control laws.

  • Gunmen Attack Ibori’s Daughter as Violence Disrupts APC Congress in Delta

    Gunmen Attack Ibori’s Daughter as Violence Disrupts APC Congress in Delta

    Ex-Governor Ibori’s Daughter Attacked as Violence Erupts at APC Congress in Delta.

    Violence disrupted the All Progressives Congress (APC) congress in Ethiope-West Local Government Area of Delta State after gunmen reportedly attacked Erhiatake Ibori-Suenu, the member representing Ethiope Federal Constituency in the House of Representatives.

    The incident occurred at Ovade, the designated venue of the party congress in Ethiope-West. Ejes Gist News reports that multiple attendees sustained injuries during the disturbance, according to accounts from party members and local sources.

    What Happened at the APC Congress

    Eyewitnesses said tensions escalated shortly after Ibori-Suenu arrived at the congress ground. Armed assailants allegedly opened fire and wielded other weapons in an attempt to prevent her from gaining access to the venue.

    Security operatives attached to the federal lawmaker intervened, and the attack was reportedly repelled. The full extent of injuries has not been officially disclosed.

    Also Read: Court Sentences Living Faith Pastor to Death by Hanging for Murder of Landlord

    Erhiatake Ibori-Suenu is the daughter of former Delta State Governor, James Ibori. She represents Ethiope Federal Constituency under the platform of the All Progressives Congress.

    Party congresses in Nigeria are internal exercises used to elect local executives and structure party leadership ahead of major elections. Such gatherings often attract significant political interest at the grassroots level.

    Appeal for Calm

    Following the incident, Ibori-Suenu appealed to APC supporters in Delta State to remain calm. She urged party members to avoid actions capable of escalating tensions within the state chapter.

    Authorities have not issued an official statement confirming arrests or identifying those responsible for the attack. Security agencies are expected to investigate the incident.

  • Court Sentences Living Faith Pastor to Death by Hanging for Murder of Landlord

    Court Sentences Living Faith Pastor to Death by Hanging for Murder of Landlord

    A High Court sitting in Uyo, the capital of Uyo, has sentenced 29-year-old Living Faith resident pastor, Prince Emmanuel Umoh, to death by hanging for the murder of his landlord, Gabriel Bassey Edward.

    The conviction followed full criminal proceedings before the trial court, where prosecutors presented evidence linking the defendant to the killing. Ejes Gist News reports that the case stemmed from a dispute involving property access, alleged missing household items, and outstanding rent issues.

    What the Court Ruled

    The presiding judge of the High Court of Akwa Ibom State held that the prosecution proved its case beyond reasonable doubt. The court found the accused guilty of murder under the applicable provisions of Nigeria’s Criminal Code.

    Also Read: Dollar to Naira Exchange Rate Today, February 21, 2026

     

    Court Sentences Living Faith Pastor to Death by Hanging for Murder of Landlord
    High Court in Uyo Sentences Pastor Prince Emmanuel Umoh to Death by Hanging for Murder of Landlord

     

    Under Nigerian law, murder carries the mandatory penalty of death by hanging upon conviction in state high courts, unless overturned on appeal.

    Background to the Case

    Court records indicated that tensions escalated between the tenant and his landlord over access to parts of the property and disputes relating to rent payments. The prosecution further alleged that disagreements over missing items aggravated the conflict.

    During the trial, the court examined witness testimonies, forensic findings, and investigative reports presented by law enforcement authorities. The defence counsel cross-examined prosecution witnesses and addressed the court before judgment was delivered.

    Legal Framework

    Murder is prosecuted under state criminal laws across Nigeria. In Akwa Ibom State, as in several other states, conviction attracts capital punishment.

    The Nigerian Constitution permits appeals in capital cases. Legal experts note that defendants sentenced to death have the right to challenge the verdict at the Court of Appeal and, if necessary, the Supreme Court.

    Implications

    Capital punishment remains part of Nigeria’s statutory criminal justice framework, though executions require additional procedural approvals, including the signing of death warrants by the state governor.

    Authorities have not publicly indicated whether the convict intends to file an appeal.

    The judgment adds to records of high-profile landlord-tenant disputes that have escalated into criminal proceedings within Nigeria’s urban centres.

  • Dollar to Naira Exchange Rate Today, February 21, 2026

    Dollar to Naira Exchange Rate Today, February 21, 2026

    Dollar to Naira Exchange Rate Today, Saturday February 21, 2026.

    The Dollar to Naira exchange rate today, Saturday February 21, 2026, reflects continued volatility across Nigeria’s official and parallel foreign exchange markets, as demand for the US dollar remains elevated.

    Data from formal currency tracking platforms show the naira trading within the ₦1,340 range per dollar in the official market window. Ejes Gist News reports that the benchmark rate aligns with transactions cleared through authorised dealers and platforms linked to the Central Bank of Nigeria.

    Official Market Rate (CBN Window)

    The official exchange rate represents transactions conducted through regulated channels, including commercial banks and approved dealers. The rate is influenced by:

    • Foreign exchange supply from oil exports and remittances
    • Monetary policy interventions
    • Liquidity management by the Central Bank

    The CBN publishes reference rates used for government transactions, international settlements, and corporate reporting. The official window remains the primary source for institutional forex access.

    How the Official Rate Is Determined

    The current framework operates on a managed float system. Under this arrangement:

    1. Authorised dealers submit bids.
    2. The apex bank intervenes when necessary.
    3. Market-clearing rates are published through recognised platforms such as the FMDQ Securities Exchange Limited.

    This structure aims to promote transparency while stabilising currency fluctuations.

    Parallel Market (Black Market) Rate

    Outside the regulated window, the parallel market—commonly referred to as the black market—records different buying and selling rates. Dealers in major commercial centres such as Lagos and Abuja quote figures that may trade above the official benchmark, depending on demand pressure and dollar scarcity.

    Parallel market rates are typically driven by:

    • Retail demand for travel and tuition payments
    • Import-dependent transactions
    • Speculative positioning

    The CBN does not recognise or regulate transactions conducted in this segment.

    Key Factors Influencing the Dollar to Naira Exchange Rate

    Several structural and macroeconomic factors continue to shape the Dollar to Naira exchange rate:

    1. Foreign Exchange Reserves

    Higher reserves strengthen the central bank’s capacity to defend the naira.

    2. Oil Revenue Performance

    Nigeria’s earnings from crude oil exports remain a major source of dollar inflows.

    3. Inflation and Interest Rates

    Monetary tightening policies influence investor confidence and capital flows.

    4. External Debt Obligations

    Dollar-denominated repayments increase demand pressure in the forex market.

    What the Current Rate Means for Nigerians

    The exchange rate directly affects:

    • Import costs and consumer prices
    • Aviation and international travel expenses
    • Tuition payments abroad
    • Fuel pricing dynamics
    • Manufacturing input costs

    Businesses reliant on imported raw materials adjust pricing structures in line with prevailing forex conditions.

    Historical Context of Naira Performance

    Since the foreign exchange unification reforms introduced in 2023, the naira has operated under a more market-determined structure. This policy shift sought to reduce arbitrage opportunities between multiple exchange windows.

    Financial analysts continue to monitor:

    • Spread between official and parallel rates
    • CBN intervention frequency
    • Foreign portfolio inflows

    These indicators serve as signals of market confidence and liquidity strength.

    How to Track Dollar to Naira Exchange Rate Accurately

    For verified updates, stakeholders rely on:

    • Central Bank publications
    • FMDQ trading summaries
    • Commercial bank rate sheets
    • International currency monitoring platforms

    Rates may vary slightly between institutions due to transaction charges and spreads.

    The Dollar to Naira exchange rate remains a central economic indicator, shaping fiscal policy decisions, investor sentiment, and household purchasing power across Nigeria.

  • Concept Group Recruitment 2026: Latest Job Vacancies in Lagos, Abuja, Enugu and Delta

    Concept Group Recruitment 2026: Latest Job Vacancies in Lagos, Abuja, Enugu and Delta

    The Concept Group Recruitment 2026: Multiple Job Vacancies in Lagos, Abuja, Enugu and Delta

    The Concept Group, a holding company established in 1992 with subsidiaries including Rosabon Financial Services, Concept Nova, and Percy Aitkins Bureau De Change, is currently recruiting qualified candidates to fill multiple positions across Nigeria.

    Interested and qualified applicants are invited to apply for the available roles listed below.

    1. Job Title: Commercial Pricing Executive at Concept Group
      Location: Lagos
      Employment Type: Full-time
      Salary: ₦350,000 – ₦500,000 Monthly

    Job Summary
    The Commercial Pricing Executive will support pricing strategy through market analysis and commercial data evaluation. The role focuses on competitor pricing, market trends, revenue impact, and margin performance to ensure competitiveness and profitability. This is an analytical role and does not involve direct sales activities.

    Key Responsibilities
    • Track competitor pricing and monitor market trends
    • Maintain and update pricing databases
    • Analyze pricing performance and margins
    • Support pricing reviews and simulations
    • Collaborate with Sales, Finance, Product, and Operations teams
    • Prepare pricing reports for management
    • Ensure data accuracy and compliance

    Requirements for Concept Group Recruitment.

    • Bachelor’s degree in Business, Economics, Finance, Marketing, Statistics, or related field
    • 2 – 4 years’ experience in pricing, data analysis, or market research
    • Proficiency in Excel and Power BI or similar tools
    • Relevant certifications are an added advantage


    1. Job Title: Concept Group Recruitment 2026 for Account Officer
      Location: Yaba, Lagos
      Employment Type: Full-time

    Job Summary
    The Account Officer will manage financial records, support financial reporting, and ensure compliance with regulatory standards.

    Key Responsibilities
    • Prepare monthly and annual financial reports
    • Maintain accounting records and monitor budgets
    • Manage cash flow and cost-control initiatives
    • Ensure compliance with statutory requirements
    • Liaise with auditors, banks, and regulatory bodies

    Requirements
    • Degree or HND in Accounting, Finance, or related field
    • Strong knowledge of financial reporting standards
    • Proficiency in Excel and accounting software
    • Strong analytical and detail-oriented skills


    1. Job Title: Concept Group Job  Recruitment for Brokers Sales Executive
      Locations: Abuja (FCT), Warri, Asaba (Delta)
      Employment Type: Full-time

    Job Summary
    The Brokers Sales Executive will manage broker relationships, nurture leads, and ensure successful transaction closure. The role involves client engagement, sales follow-up, and adherence to company procedures.

    Duties and Responsibilities
    • Acquire and retain brokers and clients
    • Follow up on assigned leads to ensure closure
    • Handle B2B and B2C transactions
    • Respond to client inquiries across multiple channels
    • Cross-market company products
    • Provide regular status reports

    Requirements
    • BSc in Marketing or related discipline
    • Previous experience in a similar role
    • Strong communication and negotiation skills
    • Proficiency in Microsoft Office tools


    1. Job Title:  Concept Group Recruitment 2026 for FCS Technical Support Officer
      Location: Enugu
      Employment Type: Full-time
      Salary: ₦150,000 – ₦170,000 Monthly

    Job Summary
    The FCS Technical Support Officer will provide technical assistance to Fuel Control Systems clients. The role includes troubleshooting hardware and software issues, system configuration, and client support.

    Key Responsibilities
    • Diagnose and resolve system issues
    • Onboard new clients and configure hardware
    • Provide remote technical support
    • Prepare performance and system health reports
    • Maintain accurate documentation

    Requirements
    • B.Sc. in Electrical/Electronics Engineering, IT, Computer Engineering, or related field
    • Minimum of 1 year experience in technical support
    • Strong understanding of electronics and software platforms
    • Proficiency in Excel and remote desktop tools


    1. Job Title: Concept Group Recruitment 2026 for Brokers Sales Executive
      Location: Abuja (FCT)
      Employment Type: Full-time
      Salary: ₦120,000 – ₦170,000 Monthly
      Application Closing Date: Not Specified

    Requirements
    • BSc in Marketing or related field
    • Previous experience in a similar role
    • Strong communication and negotiation skills
    • Proficiency in Microsoft Office

    How to Apply for The Concept Group Recruitment 2026

    Interested and qualified candidates should send their applications to:
    [email protected]

    Applicants must use the Job Title as the subject of the email.

  • ExxonMobil Graduate Internship Recruitment 2026

    ExxonMobil Graduate Internship Recruitment 2026

    Apply now for ExxonMobil Graduate Internship Recruitment.

     

    ExxonMobil Graduate Internship Recruitment 2026 has commenced for qualified Nigerian graduates seeking hands-on corporate experience in the energy sector. The programme offers a structured one-year internship opportunity in Lagos as part of the company’s corporate social responsibility and workforce development initiative.

     

    Ejes Gist News reports that ExxonMobil is one of the world’s largest publicly traded energy and chemical companies, with operations spanning upstream exploration, product solutions and low-carbon technologies. The company states that its workforce drives innovation across energy, chemicals, lubricants and lower-emissions solutions.

    The ExxonMobil Graduate Internship Recruitment 2026 targets recent graduates and post-graduates who meet the stated academic and professional criteria.

    Job Overview – Graduate Intern recruitment 

    Job Title: Graduate Intern
    Location: Lagos
    Employment Type: Full-time (One-Year Internship Programme)

    The Graduate Intern will participate in ExxonMobil’s one-year structured internship programme designed to provide exposure, training and practical experience in selected professional areas.

    According to the company, the programme supports capability development in Nigeria and provides participants with practical experience aligned with corporate standards.

    Roles and Responsibilities

    The Graduate Intern will provide Administrative Procurement Support and related services. Key responsibilities include:

    • Supporting client relationships and stakeholder management
    • Reviewing and analyzing National Content data
    • Managing and analyzing operational data
    • Providing document control support
    • Delivering transactional support services with accuracy and consistency

    The role requires attention to detail and adherence to established procedures.

     

    Eligibility Criteria

    Applicants for the ExxonMobil Graduate Internship Recruitment 2026 must meet the following requirements:

    • Must be a Nigerian citizen
    • Minimum of Second Class Upper (2:1) in Accounting, Business Management, Social Sciences, Engineering, Law or related disciplines
    • Must have completed the National Youth Service Corps (NYSC) with Discharge or Exemption Certificate
    • Must not be more than two years post-NYSC completion

    Preferred Skills and Competencies

    ExxonMobil indicates that preferred candidates should demonstrate:

    • Ability to work effectively in teams
    • Strong data analysis and communication skills
    • Willingness to learn and adapt
    • Effective presentation skills
    • Ability to develop or manage efficiency tools (added advantage)

    H2: Application Closing Date

    The application deadline for the ExxonMobil Graduate Internship Recruitment 2026 has not been specified.

    How to Apply for ExxonMobil Graduate Internship Recruitment 2026

    Interested and qualified candidates should apply online through ExxonMobil’s official careers portal:

    APPLY FOR THIS JOB HERE

    Applicants are advised to complete the online application form accurately and upload all required credentials before submission.

     

    Also Apply for Concept Group Recruitment 2026: Latest Job Vacancies in Lagos, Abuja, Enugu and Delta

  • Popular Rivers Senator Dies at 64

    Popular Rivers Senator Dies at 64

    Rivers Senator Barinada Mpigi Dies at 64, bringing to an end a federal legislative career that spanned more than a decade in Nigeria’s National Assembly.

    Senator Barinada Mpigi, who represented the Rivers South-East Senatorial District in the 10th National Assembly, died at the age of 64 following a brief illness.

    Ejes Gist News reports that his death was confirmed on Thursday, February 19, 2026, by family sources and government officials in Rivers State.

    Also Read:

    Until his death, Mpigi served as Chairman of the Senate Committee on Works, where he oversaw legislative scrutiny of federal road infrastructure and public works projects across the country.

    Legislative Career in the National Assembly

    Senator Mpigi’s career at the federal level began in the House of Representatives in 2011. He represented the Eleme/Tai/Oyigbo Federal Constituency from 2011 to 2019, serving two consecutive terms.

    In 2019, he was elected to the Senate to represent Rivers South-East Senatorial District. He secured re-election in 2023, reinforcing his political standing within Rivers State and the broader South-South region.

    As Chairman of the Senate Committee on Works, Mpigi played a central role in:

    • Oversight of federal road construction and rehabilitation projects
    • Budget scrutiny for infrastructure allocations
    • Engagement with the Federal Ministry of Works and relevant agencies

    Colleagues in the National Assembly described him as active in committee proceedings and constituency advocacy, particularly in matters relating to infrastructure development.

    Governor Fubara Reacts

    Governor Siminalayi Fubara of Rivers State expressed shock over the senator’s death. In a statement issued by his Chief Press Secretary, Onwuka Nzeshi, the governor described Mpigi as “a brother, a consummate politician, and one of the leading lights in Rivers State.

    Also Read: Tinubu Quickly Signs Electoral Act 2026 Amendment Into Law Amid Public Outcry

    The governor stated that the late lawmaker’s experience and leadership were still needed, especially at a time of shifting political dynamics in the state.

    He extended condolences to:

    • The immediate family of the deceased
    • The people of Rivers South-East Senatorial District
    • Members of the Senate

    Political Affiliation and Realignments

    Mpigi was a long-time member of the Peoples Democratic Party (PDP) and was regarded as a prominent voice within Rivers politics. His legislative interventions frequently focused on infrastructure and constituency empowerment initiatives.

    In recent political developments, there were indications of a possible alignment with the All Progressives Congress (APC), although he remained formally associated with the PDP at the time of his death.

    Observers noted that his cross-party relationships positioned him as a bridge figure in Rivers State’s evolving political landscape.

    Background and Community Engagement

    Senator Mpigi hailed from Tai Local Government Area and belonged to the Ogoni ethnic group in Rivers State.

    He was widely known in his constituency for education-focused empowerment programmes. These included:

    • Scholarship schemes for undergraduates
    • Postgraduate grant programmes
    • Support initiatives for youth development

    Community leaders in the Ogoni region acknowledged his contributions to expanding access to higher education opportunities for young people.

    What His Death Means for Rivers South-East

    The death of Senator Mpigi creates a vacancy in the Rivers South-East Senatorial District, subject to constitutional and electoral processes governing senatorial replacements.

    His passing also marks the exit of a lawmaker who maintained consistent representation at the federal level from 2011 through 2026, spanning both the House of Representatives and the Senate.

    Further announcements regarding funeral arrangements and legislative proceedings are expected from his family and the leadership of the National Assembly.

  • Popular TikTok User Arrested by Police Over Alleged False Rape Report

    Popular TikTok User Arrested by Police Over Alleged False Rape Report

    Ogun State Police Arrest TikTok User Over Alleged False Rape Claim

    The Ogun State Police Command has arrested a TikTok user identified as Mirabel following an investigation into a rape allegation that went viral on social media.

    Mirabel had publicly claimed that an unidentified man raped her and inflicted injuries on her body with a blade. The allegation, circulated through multiple TikTok posts, drew significant public attention and prompted calls for urgent police intervention.

     

    Ejes Gist News reports that the Ogun State Police Command launched a formal investigation after the claims gained traction online. According to police authorities, investigators identified material inconsistencies during the course of their inquiries.

    What the Police Investigation Found

    In an official briefing, police sources outlined key findings that contradicted elements of the allegation:

    • No evidence of forced entry at the location where the incident was said to have occurred.
    • Neighbours reportedly did not hear distress calls or unusual disturbances at the time referenced.
    • A review of phone records and text messages did not align with the sequence of events described.
    • The complainant allegedly provided conflicting statements during interviews with investigators.

    Police further stated that the suspect declined to undergo comprehensive medical and forensic examinations. Authorities said such examinations, typically conducted in collaboration with accredited medical facilities and non-governmental organisations, form a critical component of sexual assault investigations.

    Also Read: Tinubu Quickly Signs Electoral Act 2026 Amendment Into Law Amid Public Outcry

    Law enforcement officials emphasised that forensic evidence, including medical assessments and scene analysis, remains central to determining the credibility of allegations and protecting the rights of all parties involved.

    Legal Basis for Detention

    The police confirmed that Mirabel was detained on allegations including providing false information, wasting police resources, and attempting to pervert the course of justice.

    Under Nigerian criminal law, knowingly making false reports to law enforcement authorities constitutes an offence. Legal practitioners note that such actions may attract prosecution where intent to mislead investigators is established.

    Authorities have not disclosed whether formal charges have been filed, stating that investigations remain ongoing.

    Wider Implications for Sexual Assault Reporting

    Security officials stressed that false allegations, where established, can undermine public confidence in the criminal justice system and complicate efforts to support genuine survivors of sexual violence.

    Advocacy organisations consistently maintain that all rape allegations must be treated with seriousness and investigated thoroughly, while also safeguarding due process and evidentiary standards.

    Following her detention, Mirabel’s TikTok account was set to private, and several videos referencing the allegation were removed. Reports indicate that some individuals who contributed financial donations after the claims surfaced are seeking refunds.

    The Ogun State Police Command reiterated its commitment to investigating all sexual assault complaints professionally and impartially, while warning that deliberate misinformation will attract legal consequences.

  • Tinubu Quickly Signs Electoral Act 2026 Amendment Into Law Amid Public Outcry

    Tinubu Quickly Signs Electoral Act 2026 Amendment Into Law Amid Public Outcry

    Tinubu Signs Electoral Act 2026 into Law Amid Debate Over Electronic Transmission

    President Bola Ahmed Tinubu has signed the Electoral Act 2026 (Amendment) into law, days after the Independent National Electoral Commission (INEC) released the timetable for the 2027 general elections.

     

    Ejes Gist News reports that the signing ceremony took place at the Presidential Villa, Abuja, at about 5:00 p.m., in the presence of principal officers of the National Assembly.

    The National Assembly passed the amendment bill before transmitting it to the President for assent. The new law introduces adjustments to Nigeria’s electoral framework, with particular focus on the use of technology in the conduct of elections.

    What the Electoral Act 2026 Amendment Addresses

    The amendment has reignited national debate over the electronic transmission of election results. Civil society organisations and opposition stakeholders have consistently advocated for real-time electronic transmission of results from polling units to INEC’s central server. They argue that digital collation would reduce manual interference and enhance electoral transparency.

    During legislative deliberations, stakeholders cited concerns arising from the 2023 general elections, when technical disruptions affected the INEC Results Viewing Portal (IReV), prompting allegations of irregularities. Protesters recently demonstrated at the National Assembly complex, demanding statutory guarantees for live electronic transmission.

    Technology Versus Infrastructure Concerns

    Supporters of expanded technology deployment maintain that electronic transmission strengthens credibility and public confidence in electoral outcomes. They insist that codifying digital processes in law will provide clarity and reduce post-election litigation.

    However, other stakeholders, including some lawmakers and political actors, have raised concerns about network limitations in rural and underserved areas. They advocate a phased or hybrid framework that permits manual collation where electronic systems encounter operational challenges.

    INEC has repeatedly stated that infrastructure readiness, logistics, and legal backing are critical to effective technology deployment during elections. The commission’s timetable sets the 2027 Presidential and National Assembly elections for February 20, with Governorship and State Houses of Assembly elections scheduled for March 6.

     

    NELFUND Disburses ₦392.8 Million to DELSU Students Amid Fresh Controversies

    Political and Legal Implications

    The signing of the Electoral Act 2026 positions the amended framework as the governing legal instrument for the 2027 general elections. Legal analysts note that amendments to electoral statutes close to an election cycle often attract scrutiny, particularly regarding their alignment with constitutional provisions and implementation timelines.

    Observers indicate that further clarification from INEC will determine how the amended provisions on electronic transmission and result collation will operate in practice. Civil society groups have pledged continued monitoring of the implementation process to ensure compliance with transparency and accountability standards.

  • Dollar to Naira Exchange Rate Today, Tuesday February 17, 2026

    Dollar to Naira Exchange Rate Today, Tuesday February 17, 2026

    The Nigerian naira maintained relative stability against the United States dollar in trading on Tuesday, February 17, 2026, with the official foreign exchange market continuing to reflect subdued volatility amid ongoing central bank interventions.

    Ejes Gist News reports that in the Nigerian Foreign Exchange Market (NFEM), the dollar was trading at an average of ₦1,354.9 per $1 on the official window as of the mid‑morning session, reflecting marginal movement from opening levels. (FX Rate)

    Official Dollar to Naira Rate

    • Official market (CBN‑aligned NFEM): ≈ ₦1,355 per $1
      This rate represents transactions conducted through licensed financial institutions under the Electronic Foreign Exchange Matching System (EFEMS), which continues to support price discovery and liquidity in the official FX segment. (FX Rate)

    Parallel (Black Market) Indicators

    In the informal or parallel market, Bureau De Change (BDC) operators across major commercial centres such as Lagos, Abuja, and Port Harcourt were quoting the US dollar at a higher rate than the official market, illustrating the persistent though narrowing spread between formal and informal channels:

    • Parallel market range: approximately ₦1,420 to ₦1,440 per $1
      Dealers reported that dollar supply in the informal window has improved, contributing to a lighter premium over official quotes relative to earlier periods of heightened FX scarcity. (TheCityCeleb)

    Market Dynamics and Policy Context

    Analysts attribute the relatively anchored position of the naira against the US dollar to proactive measures by the Central Bank of Nigeria (CBN), including opening the official dollar market to licensed Bureau De Change operators and sustained liquidity support aimed at closing the gap between official and parallel rates. (Bloomberg.com)

    Currency market participants continue to monitor external reserve levels, oil export inflows, and corporate dollar demand as key determinants of the naira’s direction in subsequent sessions. The differential between the official and black market rates remains a focal point for importers, exporters, and travellers seeking the most favourable exchange terms on February 17.

    This report will be updated with closing session figures and parallel market developments as the trading day progresses.

  • NELFUND Disburses ₦392.8 Million to DELSU Students Amid Fresh Controversies

    NELFUND Disburses ₦392.8 Million to DELSU Students Amid Fresh Controversies

    The Nigerian Education Loan Fund (NELFUND) has disbursed ₦392,876,550 in student loans to Delta State University, Abraka, supporting 1,854 beneficiaries across various faculties.

     

    Ejes Gist News reports that the funding aims to alleviate financial challenges and enable students to concentrate on their academic pursuits.

    In a statement posted on NELFUND’s official X account, the agency confirmed the disbursement, noting that the assistance is part of its ongoing commitment to improving access to higher education in Nigeria. The Registrar of DELSU, Mrs. Rufina Ofio, acknowledged the receipt of the funds in an official letter to the Managing Director/CEO of NELFUND, expressing the university’s gratitude and emphasizing the support’s impact on students’ academic engagement.

     

    NELFUND Loan Details

    • Total Amount Disbursed: ₦392,876,550
    • Number of Beneficiaries: 1,854 students
    • Purpose: Alleviate financial burdens and support academic pursuits

    The letter from DELSU’s Registrar, dated 13 January 2026, commended NELFUND for its dedication to enhancing educational development and pledged continued collaboration between the university and the agency.

    Controversy Over N20,000 Monthly Student Allowance

    Despite the disbursement, NELFUND’s N20,000 monthly student upkeep allowance has sparked criticism on social media. Several students and commentators have raised concerns about irregular payments, lack of transparency, and delays in disbursement.

    One user on X, Big Virg, described the allowance as “extremely inconsiderate in the current economy” and criticized the scheme for administrative inefficiencies, including:

    • Irregular and unpredictable payments that hinder students’ financial planning
    • Lack of communication regarding delays or skipped payments
    • Misleading portal approvals where allocated funds are not fully disbursed
    • Poor stakeholder engagement with universities and student bodies
    • Inconsistent application of rules and inequitable treatment among beneficiaries

    Defenders Urge Patience and System Improvement

    Other commentators have called for caution before scrapping the program. Omo Afariogun argued that NELFUND has reduced reliance on crowdfunding initiatives such as GoFundMe and emphasized the need for reform rather than abolishment.

    Experts note that student loan schemes globally operate on a shared responsibility model, where government support is complemented by structured student contributions. NELFUND, though imperfect, aligns with this approach by providing a non-interest loan system aimed at sustainability in higher education financing.

    Challenges and Recommendations

    While NELFUND faces operational challenges—including inconsistent disbursement, weak communication, and administrative inefficiencies—observers agree that abandoning the program would risk returning Nigerian universities to chronic underfunding. Analysts recommend:

    • Strengthening transparency and communication with students and institutions
    • Ensuring timely and consistent disbursement of funds
    • Implementing clear policies with minimal midstream changes
    • Educating students on repayment responsibility to ensure sustainability

    This Nigerian online news platform reports that as NELFUND continues to evolve, the program remains a critical intervention in Nigeria’s higher education sector, providing financial support to thousands of students and helping reduce barriers to academic completion.

    Recommended Links 

  • EFCC Detains El-Rufai, DSS Files Cybercrime Charges as Kaduna Assembly Faces Public Pressure

    EFCC Detains El-Rufai, DSS Files Cybercrime Charges as Kaduna Assembly Faces Public Pressure

    Former Kaduna State Governor and African Democratic Congress (ADC) chieftain, Mallam Nasiru El-Rufai, remains in the custody of the Economic and Financial Crimes Commission (EFCC) in Abuja, following his voluntary appearance for interrogation over alleged corruption during his tenure from 2015 to 2023.

     

    Ejes Gist News reports that contrary to claims of his release, the anti-graft agency is conducting detailed questioning to build a comprehensive case.

    Highly placed sources within the EFCC indicated that the former governor “has a lot to answer for,” and his detention may be extended under court order to allow thorough investigation.

     

    El-Rufai had responded to an earlier letter of invitation by the commission, arriving at the EFCC headquarters in Jabi, Abuja, at approximately 11 a.m., accompanied by hundreds of supporters.

    Allegations of Financial Mismanagement

    The probe stems from a June 2024 report submitted by an ad hoc committee of the Kaduna State House of Assembly, which investigated loans, contracts, and expenditures under the El-Rufai administration.

     

    Also Read: US Military Aircraft Land in Nigeria With Ammunition, Personnel for Counter-Insurgency Operations

     

    The committee, chaired by Henry Zacharia, concluded that several loans were not applied for their intended purposes and that due process was frequently disregarded. Speaker Yusuf Liman stated that approximately N423 billion was allegedly misappropriated, leaving the state with significant liabilities.

    The assembly recommended the investigation and prosecution of El-Rufai and key members of his cabinet for alleged abuse of office, diversion of public funds, and money laundering.

     

    The committee also suggested the suspension of the Commissioner for Finance, Shizer Badda, who served under El-Rufai. El-Rufai’s spokesperson, Muyiwa Adekeye, previously dismissed the allegations as “scandalous,” defending the integrity of the former administration.

    DSS Files Cybercrime Charges

    In addition to EFCC’s probe, the Department of State Services (DSS) filed a three-count criminal charge against El-Rufai at the Federal High Court, Abuja, over alleged unlawful interception of phone communications belonging to National Security Adviser (NSA) Nuhu Ribadu.

    Court documents indicate that El-Rufai admitted during a live interview on Arise TV that he and associates intercepted the NSA’s communications, an act the DSS claims contravenes the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024, and the Nigerian Communications Act, 2003.

    The charges allege that the interception posed a threat to national security and public safety, noting that El-Rufai did not report the actions despite knowledge of their occurrence. The proceedings are recorded under case number FCT/ABJ/CR/99/2026.

    Political Reactions

    Former Vice President Atiku Abubakar accused the federal government of persecuting El-Rufai. In a social media statement marking the former governor’s birthday, Atiku described the detention as “unnecessary distractions” and praised El-Rufai’s public service record and leadership qualities.

    Public Pressure in Kaduna

    Meanwhile, hundreds of protesters converged on the Kaduna State House of Assembly, demanding updates on the investigation into El-Rufai’s administration. Led by Yerima Shettima of the Northern Stakeholders Consultative Initiative (NSCI) and Aliyu Muhammad of the Coalition of Kaduna Stakeholders Forum (CKSF), the demonstrators submitted a petition urging transparency and accountability in the probe.

    The petition highlighted alleged misappropriation of N423 billion, questionable expenditures including N1.37 billion for a light rail project, and alleged human rights violations during El-Rufai’s tenure. Protesters called for independent investigations by EFCC and other anti-corruption agencies in accordance with due process.

    Speaker Liman acknowledged the petition, emphasizing that constitutional oversight would guide the assembly’s actions and reiterating that “no individual is above the law.” He affirmed that the house would continue its mandate irrespective of criticisms from the former governor.

    Ejes Gist News can authoritatively report that El-Rufai remains in EFCC custody as investigations by both the anti-graft agency and the DSS continue, while legal proceedings for cybercrime charges are expected to advance in the coming days.

  • What Is Thallium Sulphate? Why Nigerians Are Concerned Over Alleged Procurement

    What Is Thallium Sulphate? Why Nigerians Are Concerned Over Alleged Procurement

    Thallium sulphate has entered Nigeria’s political discourse following allegations surrounding its reported procurement by the Office of the National Security Adviser (ONSA). The compound, known chemically as Tl₂SO₄, is widely classified in scientific literature as an extremely toxic substance with a documented history of severe health and environmental risks.

    Ejes Gist News reports that former Kaduna State governor, Nasir El-Rufai, formally wrote to National Security Adviser Nuhu Ribadu seeking clarification over claims that approximately 10 kilograms of thallium sulphate were procured from Poland. The letter raises questions about public safety, regulatory oversight, and the purpose of acquiring a substance long restricted in many countries due to its toxicity.

    What Is Thallium Sulphate?

    Thallium sulphate is a colourless, odourless crystalline compound that dissolves easily in water. It is chemically stable under ordinary environmental conditions but decomposes when heated, releasing hazardous fumes.

    Key scientific characteristics include:

    • Chemical formula: Tl₂SO₄
    • Physical appearance: White or colourless crystalline powder
    • Solubility: Highly soluble in water
    • Stability: Stable under normal conditions; decomposes under high heat

    Historically, the compound was used as a rodenticide and insecticide because of its high toxicity to mammals and insects. However, global health authorities later identified the substance as posing unacceptable risks to humans and ecosystems.

     

    Also Read: El-Rufai Demands Answers Over Alleged Import of Highly Toxic Chemical by Tinubu’s NSA

    Why Is Thallium Sulphate Considered Dangerous?

    Medical and toxicological research classifies thallium compounds as cumulative poisons. This means repeated or prolonged exposure can lead to progressively worsening symptoms as the substance builds up in the body.

    Documented health risks include:

    1. Severe gastrointestinal distress
    2. Peripheral nerve damage
    3. Hair loss (alopecia)
    4. Muscle weakness and fatigue
    5. Convulsions
    6. Coma and, in extreme cases, death

    The compound can enter the body through:

    • Ingestion
    • Inhalation
    • Skin absorption

    Even small doses have been reported in scientific case studies to produce significant toxic effects. Because symptoms may initially resemble other illnesses, diagnosis can be delayed, increasing the danger of cumulative exposure.

    Global Regulation and Restrictions

    Due to its extreme toxicity, many countries have banned or tightly regulated thallium sulphate.

    In the United States and several European jurisdictions, thallium salts are no longer approved for use as pesticides. Regulatory agencies typically require:

    • Special licensing for handling
    • Strict storage controls
    • Detailed tracking and reporting
    • Disposal under hazardous-waste protocols

    International chemical safety frameworks treat thallium compounds as substances requiring heightened oversight because of their potential misuse and public health implications.

    The Allegations and Political Context

    In his letter to the National Security Adviser, El-Rufai described the alleged procurement of thallium sulphate as raising legitimate questions about public safety and accountability.

    He requested clarification on:

    • The intended purpose of the chemical
    • Storage and containment procedures
    • Regulatory approvals obtained
    • Oversight coordination with agencies such as the National Agency for Food and Drug Administration and Control (NAFDAC)
    • Possible involvement of the Nigeria Centre for Disease Control and Prevention (NCDC)

    The former governor framed his inquiry as a matter of public reassurance, citing the compound’s globally recognised toxicity and the need for transparency in matters affecting national security and public health.

    At the time of reporting, there has been no publicly released documentation from ONSA confirming the specific purpose or regulatory framework associated with the alleged procurement.

    Public Health and Environmental Implications

    Experts in toxicology note that improper handling of thallium sulphate can result in environmental contamination. Because it dissolves easily in water, accidental release into soil or water systems could present long-term ecological risks.

    Potential environmental impacts include:

    • Contamination of groundwater
    • Bioaccumulation in food chains
    • Risk to wildlife and livestock

    Public health specialists emphasise that compounds of this nature require controlled laboratory or industrial environments with trained personnel and protective equipment.

    Why Nigerians Are Concerned

    Public concern stems primarily from three factors:

    1. Extreme toxicity: Scientific consensus identifies thallium sulphate as highly dangerous even in small quantities.
    2. Global restrictions: Many jurisdictions have banned or severely limited its civilian applications.
    3. Political sensitivity: The issue arises amid existing tensions between prominent political figures.

    El-Rufai and Ribadu have had a public political disagreement in recent years, with accusations and denials exchanged over matters unrelated to chemical procurement. Observers note that the broader political climate may amplify scrutiny surrounding the issue.

    However, the core public concern remains centred on transparency, safety protocols, and regulatory compliance rather than partisan dynamics.

    Regulatory Oversight in Nigeria

    In Nigeria, hazardous chemicals typically fall under the regulatory purview of multiple agencies depending on their intended use. These may include:

    • National Agency for Food and Drug Administration and Control (NAFDAC)
    • Nigeria Customs Service (for importation control)
    • Nigeria Centre for Disease Control and Prevention (NCDC), where public health implications arise
    • Environmental regulatory bodies overseeing hazardous substances

    Standard procedure for importing controlled chemicals usually requires documentation, safety data sheets, and purpose-specific authorisation.

    Whether such procedures were followed in this instance remains a central question raised in the public domain.

    Scientific and Security Dimensions

    It is important to distinguish between established scientific facts about thallium sulphate and the emerging political claims regarding its procurement.

    Established facts:

    • Thallium sulphate is highly toxic.
    • It has been banned or restricted in many countries.
    • Exposure can lead to severe health consequences.

    Emerging claims:

    • Allegations of procurement by ONSA.
    • Questions about intended use and oversight.

    Until official documentation or statements clarify the matter, the focus remains on transparency and regulatory compliance.

    The controversy has therefore elevated a chemical compound rarely discussed outside scientific or regulatory circles into national debate, underscoring the intersection of toxicology, governance, and public accountability.

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  • US Military Aircraft Land in Nigeria With Ammunition, Personnel for Counter-Insurgency Operations

    US Military Aircraft Land in Nigeria With Ammunition, Personnel for Counter-Insurgency Operations

    At least three United States military aircraft have reportedly landed in Nigeria carrying ammunition and personnel as part of ongoing security cooperation between Abuja and Washington, according to defence sources and international media reports.

    The aircraft were sighted between Thursday and Friday at military facilities in Borno and other North-East states.

     

    Ejes Gist News reports that senior officers at Nigeria’s Defence Headquarters confirmed the deliveries followed bilateral security engagements between the Nigerian government and the United States.

    Ammunition Deliveries and Logistics Support

    According to defence officials who spoke on condition of anonymity, the aircraft conveyed ammunition supplied by the American government to bolster Nigeria’s counter-insurgency operations against armed groups operating in the North-East.

    One senior officer stated that beyond personnel deployment, the US government had agreed to provide logistics support, including ammunition replenishment for Nigerian military platforms engaged in ongoing operations.

    Also Read: Peter Obi Reveals Why He Left Labour Party, Speaks on 2027 Election Plans

    “Following Nigeria–US bilateral talks on security, the American government will not only deploy soldiers but also provide necessary logistics, including ammunition, to fight the insurgents,” the officer said.

    Another senior official described the development as consistent with operational requirements, noting that ammunition stocks require regular replacement after sustained field engagements.

    “We go for operations and use different calibres of ammunition, which need to be replaced. The US and the Nigerian government, under the coordination of the NSA, are working together to end insecurity in the country,” the officer added.

    The Office of the National Security Adviser (NSA) coordinates Nigeria’s strategic security engagements with foreign partners.

    Reported Aircraft Movements in Maiduguri and Kaduna

    A report by The New York Times stated that US military aircraft landed in Maiduguri, the capital of Borno State, on Thursday night. By Friday evening, three planes were reportedly visible at the base, with equipment being offloaded.

    A US Department of Defense official was quoted as describing the flights as the beginning of a stream of C-17 transport aircraft arriving at three principal locations across Nigeria.

    Separately, posts on the social media platform X claimed that a US Air Force C-30J transport aircraft landed at Kaduna International Airport after departing from Ghana.

    One post suggested that the Kaduna Depot could serve as a potential training hub for US personnel collaborating with Nigerian forces. Another social media user reported that a US Air Force C-130J-30 cargo aircraft flew to northeast Nigeria from Accra, indicating what was described as a large-scale delivery of equipment.

    As of the time of filing this report, the Director of Defence Media Operations, Major General Edward Buba’s successor, Major General Michael Onoja, had not issued an official statement confirming or denying the developments.

    Broader US–Nigeria Security Engagement

    The reported arrivals come amid intensified security cooperation between Nigeria and the United States. In 2025, US President Donald Trump stated that the US would consider deploying military forces to Nigeria if the government failed to halt what he described as genocide against Christians.

    Following Nigeria’s designation as a Country of Particular Concern by the US government, Washington carried out an airstrike on Islamic State fighters in Sokoto State on Christmas Day 2025, according to defence reports at the time.

    Subsequent bilateral engagements reportedly expanded to include intelligence sharing, training, and logistics support. Earlier disclosures indicated that approximately 200 US officers would be deployed in phases, with initial contingents already arriving in Nigeria.

    The New York Times reported that the deployment forms part of a broader mission involving American intelligence analysts, advisers and trainers working alongside Nigerian forces on targeted counter-terrorism operations aimed at protecting vulnerable communities.

    Expert Analysis: Technical Support, Not Combat Deployment

    Security and defence analysts have characterised the development as technical collaboration rather than the introduction of frontline US combat troops.

    Chris Andrew, a retired officer of the Nigerian Army Intelligence Corps, stated that American involvement centres on specialised expertise, particularly in drone operations and precision air capabilities.

    “They are not bringing combat troops. Nigeria has engaged countries such as Turkey on drone technology and operates locally manufactured and Chinese-made drones. However, advanced drone capabilities and training remain areas where the United States has a comparative advantage,” he said.

    Andrew added that recent Nigerian air operations had shown improved precision following US engagements, particularly after the Christmas Day 2025 strike on terrorist hideouts.

    He further suggested that the United States could establish a drone base in Nigeria following its withdrawal from Niger, which previously hosted a US drone facility.

    “With the exit of the United States from Niger, Nigeria presents a strategic alternative location,” he said, noting that such infrastructure could strengthen deterrence in areas such as the Sambisa Forest.

    Sovereignty and Operational Boundaries

    Chidi Omeje, a security analyst, described the development as a product of sustained diplomatic engagement between Abuja and Washington. He stated that the scope of US involvement would likely have been clearly defined during bilateral discussions.

    “If it is training, intelligence support, or technology-driven assistance that increases operational capacity, it should be welcomed,” he said.

    However, Omeje emphasised that Nigeria must retain full sovereignty over its territory and operations.

    “What would not be acceptable is foreign troops operating without consent or military actions conducted without approval,” he stated.

    The reported arrival of US military aircraft and personnel signals a potential deepening of US–Nigeria security collaboration as both countries confront evolving insurgency and terrorism threats in the region. Further official clarification from Nigeria’s defence authorities is expected as deployments continue.

  • Peter Obi Reveals Why He Left Labour Party, Speaks on 2027 Election Plans

    Peter Obi Reveals Why He Left Labour Party, Speaks on 2027 Election Plans

    Former Anambra State Governor, Peter Obi, has explained the circumstances that led to his departure from the Labour Party, the platform under which he contested the 2023 presidential election.

    Speaking at the OBIDIENT Conference and Official Declaration for the African Democratic Congress in Uyo, Akwa Ibom State, Obi said he left the Labour Party after being informed that the Independent National Electoral Commission would not recognise the party’s leadership if he remained.

     

    Ejes Gist News reports that the event was themed “Activating the PO Effect in ADC.”

    Obi stated that he was told the Federal Government did not want him on the ballot paper, a development he said influenced his decision to exit the party. He maintained that democratic principles must be upheld and insisted that he would contest the next general election regardless of the circumstances.

    “I left the Labour Party when I was informed that, as long as I remained in the party, INEC would not recognize its leadership, and that the federal government did not want me on the ballot paper,” Obi said. “But I want to assure you that I will contest the coming election—even if it is held in their bedroom—and if they refuse to transmit results, we will transmit them ourselves.”

    Peter Obi and the 2027 Election

    Obi used the platform to signal his intention to participate in the 2027 general election, stressing that electoral transparency must remain central to Nigeria’s democratic process.

    He reiterated his long-standing position that election results should be transmitted electronically and in real time. According to him, any failure to transmit results electronically would undermine public confidence in the electoral system.

    “Election results must be transmitted online in real time. Whoever fails to transmit results will have them transmitted for them,” he said.

    His remarks come amid ongoing national debates about the implementation of electronic transmission of results and the role of INEC in ensuring credible elections.

    “Operation Rescue Nigeria”

    Describing his political mission as “Operation Rescue Nigeria,” Obi framed his 2027 ambition as a national project rather than a personal pursuit. He called for unity across political, ethnic, and religious lines to address what he described as decades of misgovernance.

    He appealed to Nigerians to put aside differences and work collectively toward national renewal in the next election cycle. According to him, leadership must focus on long-term national development anchored on human capital investment.

    Focus on Education and Health

    Obi pledged that, if elected, his administration would prioritise heavy investment in education and healthcare. He argued that countries that achieve sustainable growth do so by deliberately investing in human capital.

    He cited his tenure as governor of Anambra State between 2006 and 2014 as evidence of his governance philosophy. According to him:

    • He discouraged the institutionalisation of the Office of the First Lady during his administration.
    • He approved over 100 Certificates of Occupancy for government lands.
    • He did not allocate any government land to himself or members of his family.

    “When I became governor of Anambra State, I advised my wife to forget about the office of the first lady. I approved over 100 Certificates of Occupancy of government lands, but none for myself or my family. If you find any, petition me to the appropriate authority,” he said.

    Anti-Corruption Commitment

    On corruption, Obi promised to reduce the menace by 60 percent if elected president. He stressed that political leaders and their families must remain untainted by corrupt practices.

    He argued that transparent governance and strict adherence to accountability standards would form the backbone of his administration.

    OBIDIENT Movement Mobilisation

    Dr. Tanko Yunusa, identified as the global coordinator of the OBIDIENT movement, also addressed participants at the Uyo event. He called on supporters to mobilise nationwide in preparation for the 2027 general election.

    Yunusa reaffirmed the movement’s commitment to a participatory and transparent electoral process, urging members to intensify grassroots engagement and voter education efforts ahead of the polls.

    The conference marked a significant moment in Obi’s political trajectory following his departure from the Labour Party, as he aligns with the African Democratic Congress and positions himself for the next electoral cycle.

  • Black Market Dollar to Naira Exchange Rate Today, Monday, February 16, 2026

    Black Market Dollar to Naira Exchange Rate Today, Monday, February 16, 2026

    The black market dollar to naira exchange rate remains one of the most closely monitored financial indicators in Nigeria’s foreign exchange landscape. On Monday, February 16, 2026, the naira traded weaker in the parallel market compared to the official window, reflecting sustained demand pressure for the United States dollar across informal channels.

     

    Ejes Gist News reports that bureau de change operators and street currency traders in Lagos, Abuja, Kano and Port Harcourt quoted the dollar at significantly higher levels than the rate available through the formal banking system.

    Parallel Market (Aboki) Exchange Rate

    Across major currency trading hubs, dealers quoted the dollar within the following range:

    • Buying rate: ₦1,430 – ₦1,445 per US dollar
    • Selling rate: ₦1,450 – ₦1,470 per US dollar

    The spread between buying and selling prices reflects dealer margins, liquidity conditions and transaction volume. Larger transactions often attract slightly negotiated rates, while smaller retail exchanges typically settle at the upper band of the selling price.

    Market participants noted that rates shifted multiple times during the trading session, a pattern that has become common amid fluctuating dollar supply.

    Official Market Versus Black Market

    The official exchange rate, as published through the Nigerian Foreign Exchange Market (NFEM), remains considerably lower than the parallel market rate. The disparity between the two segments highlights ongoing structural imbalances in Nigeria’s foreign exchange system.

    Also Read: El-Rufai Demands Answers Over Alleged Import of Highly Toxic Chemical by Tinubu’s NSA

    While the official window primarily serves banks, corporations and approved transactions, many individuals and small businesses rely on the parallel market due to:

    • Delays in accessing official allocations
    • Documentation requirements for FX approval
    • Caps on personal travel allowances
    • Limited supply of physical dollar liquidity

    Currency analysts state that this demand migration sustains premium pricing in the black market.

    Factors Driving Dollar Demand

    Economic observers identify several macroeconomic drivers influencing the black market dollar to naira exchange rate:

    1. Import dependency: Nigeria remains reliant on imported goods, raw materials and refined petroleum products, increasing dollar demand.
    2. External obligations: Tuition payments, medical tourism and foreign service subscriptions contribute to retail FX demand.
    3. Inflationary environment: Persistent inflation encourages some individuals to hedge savings in foreign currency.
    4. Monetary policy stance: Policy adjustments by the Central Bank of Nigeria, including liquidity tightening or FX reforms, affect supply dynamics.
    5. Oil revenue volatility: As crude oil earnings account for the majority of Nigeria’s FX inflows, fluctuations in production and global prices directly influence dollar availability.

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    Exchange Rate Volatility and Market Sentiment

    Foreign exchange traders describe the current environment as liquidity-sensitive. Small changes in supply or speculation can trigger sharp price adjustments within hours. Market sentiment also plays a role, as expectations of policy changes or fiscal interventions often influence trader positioning.

    The gap between official and parallel rates continues to serve as a barometer of confidence in FX management frameworks. Economists argue that narrowing the spread requires sustained inflows, improved export diversification and greater transparency in allocation mechanisms.

    Implications for Businesses and Consumers

    The black market dollar to naira exchange rate has immediate implications for pricing across multiple sectors:

    • Imported food and consumer goods
    • Electronics and machinery
    • Aviation and international logistics
    • Pharmaceutical supplies

    Businesses that source foreign inputs typically adjust retail prices in response to parallel market fluctuations, especially when official allocations are insufficient or delayed.

    For households, the weaker naira in the black market translates into higher costs for foreign-denominated obligations, including education and travel expenses.

    Market Monitoring

    Currency dealers indicate that rates remain fluid and subject to rapid change based on supply conditions and transaction volumes. Actual exchange values may vary slightly by location and negotiation strength.

    The black market dollar to naira exchange rate continues to reflect broader structural pressures within Nigeria’s foreign exchange ecosystem, underscoring the importance of sustained reforms aimed at stabilising supply and restoring market equilibrium.

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  • El-Rufai Demands Answers Over Alleged Import of Highly Toxic Chemical by Tinubu’s NSA

    El-Rufai Demands Answers Over Alleged Import of Highly Toxic Chemical by Tinubu’s NSA

    Fresh controversy has emerged over allegations that the Office of the National Security Adviser (ONSA) procured a significant quantity of thallium sulphate, a highly toxic chemical compound, prompting former Kaduna State governor, Nasir Ahmad El-Rufai, to formally request clarification from the Federal Government.

    In a dated letter addressed to the National Security Adviser and seen by Ejes Gist News, El-Rufai sought official clarification regarding the reported procurement of approximately 10 kilograms of thallium sulphate by ONSA from a supplier in Poland. The letter, dated January 30, 2026, was copied to key regulatory and public health agencies.

    What the Letter Alleges

    The correspondence, titled “Request for Clarification on the Procurement of Thallium Sulphate,” raised concerns over the intended purpose, regulatory approvals, and safety protocols surrounding the alleged importation.

     

    Also Read: Pastor, Wife Burned to Death as Islamic Jihadist Terrorists Torch Church in Nigeria

     

    El-Rufai described thallium salts as “highly toxic and tightly controlled substances,” and requested details on:

    • The intended purpose and end-use of the imported thallium sulphate.
    • The identity of the supplier and whether the material was imported under an existing chemical or defence permit.
    • The total quantity and specific concentration procured.
    • Storage and security arrangements upon arrival.
    • Regulatory coordination with the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigeria Centre for Disease Control (NCDC).
    • Public health risk assessments or hazard-mitigation plans developed in connection with the compound.

    The former governor stated that his inquiry was made in good faith, citing the need for transparency, public safety, and democratic accountability.

    Why Thallium Sulphate Is Controversial

    Thallium sulphate is historically known for its use as a rodenticide and insecticide. However, due to its extreme toxicity to humans and animals, many countries have restricted or banned its general use. Exposure can lead to severe poisoning, organ failure, and long-term neurological damage, according to toxicology data from international health authorities.

    El-Rufai letter

    Because of its hazardous profile, the importation and handling of thallium compounds typically require strict regulatory oversight and specialized storage protocols. In Nigeria, hazardous chemical imports are subject to oversight by agencies such as NAFDAC and the NCDC, as well as customs and security authorities where applicable.

    Political Context and Allegations

    El-Rufai’s letter referenced concerns within the political opposition, seeking reassurance “for those of us that are Nigerian citizens in opposition.” However, the document did not provide independent evidence that the chemical was intended for use against political opponents.

    As of press time, there has been no publicly available confirmation from ONSA regarding the alleged procurement, nor has the presidency issued a formal statement addressing the claims.

    The Office of the National Security Adviser operates under the authority of President Bola Ahmed Tinubu and plays a central role in coordinating national security and defence-related matters. Procurement of certain controlled substances for legitimate security, forensic, or research purposes may fall within specialized government operations, subject to regulatory compliance.

    Regulatory Oversight Questions

    The letter’s inclusion of NAFDAC and NCDC in its carbon copy list underscores the public health dimension of the controversy. Both agencies are statutorily responsible for regulating hazardous substances and safeguarding public health.

    Key regulatory questions raised include:

    1. Whether import permits were duly obtained.
    2. Whether the substance was declared under appropriate customs classifications.
    3. Whether storage and transport protocols meet international safety standards.

    Legal experts note that procurement of restricted chemicals by government security agencies, if undertaken, would typically require layered authorization, including environmental and health compliance assessments.

    What Remains Unanswered

    At the time of filing this report, there is no independent verification of the alleged 10-kilogram importation beyond the concerns expressed in El-Rufai’s letter. No evidence has been presented to substantiate claims that the substance was intended for unlawful use.

    Security analysts state that toxic substances can have legitimate applications in controlled laboratory, forensic, or research environments, but stress that transparency is essential when dealing with materials known for high lethality.

    The development has intensified scrutiny around chemical procurement protocols and inter-agency coordination within Nigeria’s national security framework. Public clarification from the Office of the National Security Adviser is expected to determine whether the reported procurement occurred and, if so, under what statutory and safety framework.

  • Tantita Awards ₦1m to 100 Veteran Journalists, ₦5m to Octogenarians in Bayelsa

    Tantita Awards ₦1m to 100 Veteran Journalists, ₦5m to Octogenarians in Bayelsa

    Tantita Security Services Nigeria Limited has awarded ₦1 million each to 100 veteran journalists and ₦5 million each to octogenarian media practitioners in Bayelsa State, in what was described as a corporate recognition of their decades of service to journalism and national development.

     

    Ejes Gist News reports that the financial awards were presented on February 14, 2026, during an event held in Bayelsa State to honour senior journalists who have chronicled developments in the Niger Delta and across Nigeria over the years.

     

    According to Daily Watch Nigeria, the initiative formed part of Tantita’s broader corporate social responsibility outreach beyond its core pipeline surveillance operations.

    ₦1 Million for 100 Veterans, ₦5 Million for Octogenarians

    The report stated that 100 veteran journalists received ₦1 million each, while media professionals aged 80 and above were presented with ₦5 million each.

     

    Also Read: Tompolo Emerges 2025 Social Impact Person of the Year at Leadership Awards

    The event was facilitated by Ovieteme George, an Ijaw-born, multiple award-winning television journalist, who coordinated the engagement between the beneficiaries and the company’s management.

    Participants described journalism as a demanding profession with limited structured welfare support, particularly for retired practitioners. The gesture was presented as institutional recognition of those who have documented governance, conflict, development and community issues for decades.

    Leadership and Corporate Profile

    Tantita Security Services Nigeria Limited operates under the leadership of High Chief (Dr.) Government Ekpemupolo Oweizide, also known as Tompolo, a Niger Delta figure associated with security and surveillance operations in Nigeria’s oil-producing region.

    The Managing Director, High Chief Kestin Pondi, oversees the company’s operational and corporate social responsibility initiatives.

    According to Daily Watch Nigeria, the Valentine’s Day presentation in Bayelsa underscored the company’s positioning beyond pipeline protection, highlighting interventions aimed at community engagement, youth empowerment and institutional support.

    Corporate Social Responsibility Focus

    Tantita has primarily been linked to pipeline surveillance contracts designed to curb crude oil theft and protect national oil infrastructure. However, the company has increasingly expanded its public engagement profile through community-based programmes.

    Observers note that private-sector support for veteran journalists remains limited in Nigeria, making the Bayelsa initiative one of the more visible corporate interventions targeted at senior media professionals.