Author: Damilola

The Nigerian Naira maintained a relatively stable performance against the United States Dollar in early trading on Wednesday, April 15, 2026, as market participants weighed fresh economic data alongside continued central bank interventions. At the Nigerian Foreign Exchange Market (NFEM), the official window opened with the Naira trading at about N1,352.25/$1. Early session data showed only slight fluctuations, with the currency touching a high of N1,352.50 before returning close to its opening level. The trend reflects ongoing efforts by monetary authorities to manage liquidity and curb sharp volatility in the official market. In the parallel market, also known as the…

Delegates of the African Democratic Congress have approved amendments to the party’s constitution and ratified a new National Working Committee (NWC) led by David Mark at its national convention in Abuja. The outcome was announced by the Chairman of the Electoral Sub-Committee, Emeka Ihedioha, who disclosed that 1,576 delegates were accredited for the exercise, with 11 votes declared void. Ihedioha said 1,471 delegates voted in favour of the constitutional amendment, representing 94 percent support. “Distinguished delegates, by virtue of this result announced, it means that the constitution of the African Democratic Congress has today been duly amended by this convention,”…

A faction of the African Democratic Congress led by David Mark has announced the expulsion of Nafiu Bala over alleged anti-party activities. The faction also expelled several members, including Leke Abejide, Kingsley Temitope, Obinna Norman, Kennedy Odiong, and Stella Chukwuma. The decision followed a motion moved by Binos Yaroe during the party’s national convention held in Abuja on Tuesday. Delegates adopted the motion through a voice vote. Speaking at the convention, Chinedu Idigo, the party’s organising secretary, accused the affected members of destabilising the party by deepening internal divisions. “They have sown seeds of discord within the party and sought…

The President of the Senate, Godswill Akpabio, has attributed the recent surge in insecurity across Nigeria to the build-up to the 2027 general elections. Nigerians are expected to go to the polls in January 2027, with Bola Tinubu seeking a second term in office. In recent months, however, the country has witnessed escalating attacks by terrorists and bandits in several regions. On Saturday, a Nigerian Air Force airstrike targeting Boko Haram insurgents reportedly struck Jilli market in Yobe State near the Borno border, killing more than 40 civilians, including children. Speaking on Tuesday during the inauguration of the Nigerian Revenue…

The Olubadan of Ibadanland, Rashidi Ladoja, has denied allegations that he is behind any move to impeach Seyi Makinde. In a statement released by his media aide, Adeola Oloko, the monarch described the circulating reports on social media as untrue and misleading. “To say the least, this is a lie,” Ladoja said, stressing that a traditional ruler lacks the constitutional authority to remove an elected governor. “You don’t have to be a former governor or a distinguished senator to know that a monarch has no power to impeach a local government chairman, let alone a state governor.” Ladoja also expressed…

The Nigeria Police Force says it has arrested 33 members of a gang linked to the violent attack on Christ Apostolic Church, Oke Isegun, Eruku in November last year. Anthony Placid, Force Public Relations Officer, disclosed this in a statement on Tuesday, noting that the suspects are among 50 individuals connected to terrorism, kidnapping, and armed robbery. He said the arrests were made as part of a “strategic offensive against syndicates that have long threatened the peace of the nation” since January. According to him, several key suspects are already set to face prosecution, while efforts are ongoing to track…

The Supreme Court of Nigeria has scheduled April 22 for the hearing of appeals arising from the leadership crisis within the Peoples Democratic Party (PDP). The appeals were filed by a faction of the party led by Kabiru Tanimu Turaki, challenging rulings of the Court of Appeal delivered on March 9. A five-member panel of the apex court, headed by Mohammed Garba, fixed the date on Tuesday after granting a request for accelerated hearing. The court also shortened timelines for filings, directing respondents to submit their briefs within five days, while appellants were given two days to respond. The appeals…

A court in Paris has convicted Lafarge for paying about $6.5 million to jihadist groups, including the Islamic State and the al-Nusra Front. The ruling marks the first time a company has been tried in France for financing terrorism, following an investigation that began in 2017. Former CEO Bruno Lafont was sentenced to six years in prison, while former deputy managing director Christian Herrault received a five-year sentence. Lafarge acknowledged the court’s findings, stating that the actions occurred more than a decade ago and were in “flagrant violation” of its code of conduct. The case stems from the company’s operations…

The Nigerian Naira posted a marginal recovery in early trading on Tuesday, April 14, 2026, as the foreign exchange market responded to mid-month liquidity adjustments and continued central bank interventions. At the official window, the Nigerian Foreign Exchange Market (NFEM), the currency opened at around N1,358.20 per Dollar, showing a slight improvement from the previous day’s close. Early session data indicated mild fluctuations, with the Naira trading between N1,357.31 and N1,358.63, reflecting a relatively stable market as banks and institutional investors met routine demand. In the parallel market, however, rates remained higher due to sustained demand for foreign currency among…

Lawmakers in Owo Local Government of Ondo State have written to the State Attorney General and Commissioner for Justice, urging him to withhold any approval for return of suspended Chairman, Tope Omolayo pending the outcome of the suit. The lawmakers, through their solicitors, Messrs Tolu Babaleye & Co., noted that the dispute surrounding the chairman’s suspension is already before a competent court and should not be undermined by administrative action. The case, filed at the High Court sitting in Owo, seeks a judicial determination on the legality of the suspension. A copy of the suit sent to The New Daily…