Naija news headlines & latest celebrity gists from Nigeria, covers subjects of sports, politics, celebrities and latest news headlines
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Property Worth Millions Of Naira Destroyed As Flood Submerges University Of Ibadan Hostel
A flood has wreaked havoc at the University of Ibadan, destroying property worth millions of naira in Awo Hall, one of the institution's hostels. The flooding, which occurred on Friday, has left many students in distress as their belongings were severely damaged.Reports indicate that Blocks A, B, and C of the hostel were the most affected, wi -
Federal Government Begins Sale Of Crude Oil In Naira, Announces New Initiative
The Federal Government has officially commenced the sale of crude oil and refined petroleum products in naira, starting from October 1, 2024. This groundbreaking initiative, designed to reduce pressure on the naira and enhance the domestic petroleum market, was confirmed by the Ministry of Finance in a statement on its official X (formerly Twitter -
Dangote Petrol Will Stabilize Naira Against Dollar Says Aliko Dangote
Aliko Dangote has given the assurance that his refinery, Dangote Refinery will stabilize Nigeria's currency, the naria. The President of Dangote Group stated this in a 25-minute interview with Bloomberg Television on Monday. He noted that petroleum products imports consume about 40 percent of Nigeria’s foreign exchange. According to him, th -
Naira Ranked Among Top 10 Worst Performing Currencies In The World - New Study Shows
The Nigerian naira has been ranked among the 10 worst-performing currencies globally, according to a report by Bloomberg. The report also identifies other African currencies, including the Zambian kwacha and Angolan kwanza, as part of this group, signaling a broader economic challenge across the continent.The underperformance of these currencies i -
Paul Okoye From Defunct PSquare Splashes Millions of Naira on a New Car
Paul Okoye, popularly known as Rudeboy and one half of the famous music duo P-Square, recently revealed that he has acquired a new car. He shared the news with his fans via his Instagram page, using a clever metaphor by stating that he had "changed the clothes in his closet," hinting that he had purchased a new vehicle. This playful way -
Presidency Clears The Air on Ordering CBN Gov. Yemi Cardoso to Resign Over Free Fall of Naira
Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu, has officially denied reports circulating that President Tinubu requested Central Bank of Nigeria (CBN) Governor Yemi Cardoso's resignation due to the rapid depreciation of the naira. Onanuga dismissed these rumors as false, countering earlier claims that -
VIDEO; "Naira Marley And Zlatan Have Abandoned Me" – Gucci Branch Cries Out For Help
Abubakar Musa, aka Gucci Branch, an associate of Marlian Music Boss, Afeez Fashola aka Naira Marley has called him out. He also called out Poco Lee and Zlatan Ibile for abandoning him in the trenches. In an interview with content creator, Romantik Eye, the young man revealed how he was abandoned by Naira Marley and Zlatan and how Poco Lee used his -
FG Begins Sale Of Crude Oil To Local Refineries In Naira, Aims To Ease Naira Pressure
In a strategic move to bolster Nigeria’s economy and reduce pressure on the Naira, the Federal Government has initiated the sale of crude oil to local refineries, with payments and corresponding petroleum product purchases to be conducted in Naira. The initiative, announced on Saturday, September 14, by the Federal Ministry of Information and Na -
Naira Marley Dragged For Allegedly Mocking Late Mohbad In Zinoleesky’s New Song
Nigerian rapper, Naira Marley is facing backlash for allegedly mocking the late singer, Mohbad in his recently song with fellow artist, Zinoleesky.Dury the first anniversary of Mohbad’s death, Naira Marley’s lyrics in the new song “Abanikanda” began circulating on social media, drawing widespread outrage.One of the most controversial lines -
Outrageous Reactions As Naira Marley Jabs Late Mohbad In Zinoleesky’s New Song
Controversial singer, Naira Marley faces a new wave of backlash for taking a jab at his late ex-signee, Mohbad in a newly released song by Zinoleesky.It would be recalled recently that Mohbad marked the first remembrance, marking a year since his untimely demise that its investigation yielded no conclusion.In a recently released song titled Abanik -
Traders Lament As Fire Razes Kogi Phone Market, Destroys Properties Worth Millions Of Naira
Some properties worth millions of naira have been destroyed following a fire incident at a phone village, locate at the, Kpata market in Lokoja, the Kogi State capital.It was gathered that the inferno started in the early hours of Thursday due to a power upsurge.One of the traders in the market, identified as Muhammed Yahaya who lost his goods to -
Mohbad: Naira Marley, Sam Larry Absent At Coroner’s Inquest; Mum Makes U-turn
On Wednesday, singer Naira Marley and his associate, Sam Larry, shunned the invitation to appear before a Coroner Court sitting in Ikorodu, Lagos State, investigating the death of singer Ilerioluwa Aloba, also known as Mohbad.Mohbad died a year ago, and the cause of death is yet unknown.A few days after the singer’s death, the Lagos State police -
How Fire Destroy Goods Worth Millions Of Naira In Another Ibadan Market
Property and goods worth millions of naira have been destroyed as a result of fire incident that occurred in another market in Ibadan, the Oyo State capital.It was gathered on Monday that some shops were affected when an inferno occurred at Gbaremu market in Ibadan on Saturday.Our correspondent reports that the market is located along the Sango/ E -
VIDEO; Popular Comedian Officer Woos Splashes Million Of Naira On Brand New Mercedes-Benz
Popular comedian and skit maker Oladapo Gbadamosi aka Officer Woos has acquired a multimillion naira car. The content creator bought himself a brand new Mercedes-Benz. A colleague of the comedian, Sir Balo shared the video of Officer Woos, cruising in his newly acquired sleek vehicle while hailing him. Captioning the video, he wrote: “Congratul -
Police Arrest Six Suspected Fraudsters With Fake Naira Note, Recovers ATM Cards In Kano
Six suspected fraudsters have been arrested by the Kano State Police Command.During the arrest, the authorities recovered two ATM cards as well as fake naira notes.The spokesperson of the command, SP Abdullahi Haruna Kiyawa, disclosed this while briefing newsmen at the police headquarters in Bompai on Monday, September 2, 2024.According to the PPR -
BREAKING; NNPCL Reaches Agreement To Sell Crude Oil To Dangote Refinery In Naira
The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira.The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official.According to NMDPRA, the NNPCL reached an agreement to commence -
VID; Burna Boy Caught On Camera Stepping On Naira Notes While Dancing At Nightclub
Nigerian superstar, Burna Boy has sparked controversy after he was caught on camera stepping on Naira notes while dancing at a nightclub in Lagos.In the video, Burna Boy is seen enjoying himself with socialite Yhemolee and others, dancing energetically to songs like “Higher” and the “Tshwala Bam” remix.What caught people’s attention was -
Mohbad: Court Orders Substituted Service On Naira Marley, Sam Larry, 5 Others
A Coroner’s Court in Ikorodu, Lagos State, has authorized substituted service on key witnesses in the ongoing inquest into the death of singer Ilerioluwa Aloba (aka Mohbad).The witnesses include: – Azeez Fashola (aka Naira Marley)– Samson Eletu (aka Sam Larry)– Karimot Ogunbayo (Mohbad’s sister-in-law)– Boluwatife Adeyemo (aka Darosha) -
Massive Slump!!! Nigeria Currency, Naira Prostrate For Dollar 24-Hour After Gain
The Naira slumped massively on Thursday against the Dollar at the foreign exchange market 24 hours after a significant gain.FMDQ data showed that the Naira fell to N1586.11 per dollar on Thursday from N1543.84 exchanged on Wednesday.This represents a N42.27 depreciation against the Dollar compared to the N1543.84 exchanged on Wednesday.Similarly, -
Kwankwaso’s Nephew & Kano Perm Sec, Kabawa Nabbed In Alleged Multi-Billion Naira Drugs Supply Scam
Alhaji Mohammed Kabawa, Permanent Secretary, Kano Ministry for Local Government and Chieftaincy Affairs and Garba Kwankwaso, the nephew of the NNPP National Leader, Sen. Rabi’u Kwankwaso and three others have been arrested in their alleged involvement in multi-billion naira drugs supply scam by the State Public Complaints and Anti-Corruption Com -
Federal Govt Announces Date To Begin Sales of Crude Oil in Naira to Dangote Refinery, Others
The Federal Government of Nigeria has announced plans to begin selling crude oil in naira to Dangote Refinery and other local buyers starting in October. This initiative aims to strengthen the naira and reduce dependence on foreign currency for domestic transactions. The announcement was made in Abuja by Mohammed Manga, Director of Press and Publi -
JUST IN! "I Mistakenly Signed Away Ogun Multibillion-naira Trade Zone To Dubious Chinese Investors" - Former Ogun State Governor, Ibikunle Amosun
Former Ogun State Governor Ibikunle Amosun has broken his silence, revealing that he was deceived into handing over the state’s multibillion-naira free trade zone to a questionable Chinese investment group. This development has added a troubling layer to the ongoing legal battles that could further strain Nigeria’s assets abroad.In a statement -
Naira Marley Splashes Over N200m to Acquire a New Ride, a 2023 Cadillac Escalade
Nigerian musician Azeez Fashola, popularly known as Naira Marley, has made headlines with his latest acquisition, a brand-new 2023 Cadillac Escalade, reportedly valued at N240 million. This luxury SUV, known for its opulence and cutting-edge features, adds to Marley's already impressive collection of high-end vehicles.The news was shared by a -
PHOTOS: Aftermath Of Lagos Trade Fair Fire Outbreak That Destroys Properties Worth Billions Of Naira
Goods worth billions of Naira have been destroyed after a fire broke out at Trade Fair in Lagos state on Sunday, 11th August, 2024. According to the Lagos State Emergency Management Agency, LASEMA, the inferno spread throughout an entire warehouse consisting of six (6) assembly lines affecting equipment, small forklifts, household goods/gadgets, i -
Moment NDLEA’s Sniffer Dogs Fished Out Multibillion Naira Worth Of Cocaine Concealed In Heavy Duty Automobile And Ghanaian Fabric
Operatives of the National Drug Law Enforcement Agency (NDLEA) have successfully intercepted a large shipment of cocaine hidden within heavy-duty automobile parts and traditional Ghanaian fabrics, marking a significant achievement in their nationwide crackdown on drug trafficking.NDLEA spokesperson Femi Babafemi announced on Sunday, August 11, 202 -
UPDATE; Naira Crashes To 1,621/$ At Official Market
The naira fell to a four-month low on Tuesday at the official window as it traded at 1621. 12/dollar compared to N1611. 40/dollar on Monday.This marked a 0.60 per cent depreciation from the previous day’s close.This is despite recent interventions of the Central Bank of Nigeria during which it sold dollars to authorised dealers and eligible Bure -
Abia Gov. Alex Otti To Demolish Multi-Billion Naira Government House Amidst Economic Hardship
Governor Alex Otti of Abia State has vowed to demolish a newly built multi-billion naira Government House in Umuahia, the state capital.Mr Otti announced this on Saturday while inaugurating a newly constructed office of the chairperson of Arochukwu Local Government Council in the state.The details of the governor’s comments were provided by his -
PROTEST: "Naira Worthless Over Bad Govt Policies" - Activist, Deji Adeyanju
Rights activist and convener of concerned Nigerians, Deji Adeyanju has knocked opponents of the planned nationwide strike, saying the worthlessness of the Nigerian currency, naira is enough to provoke protest.The human rights lawyer noted that N100,000 is now worth N10,000 owing to the bad fiscal policies that have continued to plunge the nation� -
JUST IN; Tinubu Approves Selling Crude Oil To Dangote, Other Local Refineries In Naira
The Federal Executive Council (FEC) has approved the sale of Crude oil to Dangote Refinery and other local Refineries in naira instead of dollars.The decision was made by the Federal government after the Federal Executive Council (FEC) meeting on Monday, July 29.The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made -
Popular Crossdresser, Bobrisky Set For Release On Monday After Six-Month Sentence For Naira Mutilation
Popular crossdresser Bobrisky is set to be released from prison on Monday after serving a six-month sentence for mutilating naira notes. The sentence was handed down in March 2024 by Justice Abimbola Awogboro of the Federal High Court in Lagos.Justice Awogboro emphasized that the punishment was intended to serve as a deterrent to others who might
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