Author: Olaoluwa Vincent Ajayi

The Naira continues to face pressure in the foreign exchange market as the Euro trades at ₦1,750 on the black market, according to the latest data from NGNToday. At the official rate, the Euro is exchanging for ₦1,687, reflecting a significant gap between the official and parallel market rates, which has become a recurring trend in Nigeria’s currency market. The disparity between the official and black market rates underscores the ongoing challenges faced by the Naira amidst global economic pressures and local demand for foreign currency. Analysts note that while the Central Bank of Nigeria (CBN) maintains a controlled official…

The British Pound Sterling continues to trade strongly against the Nigerian Naira, with a noticeable gap between the official exchange rate and the black market rate, according to data obtained from the NGNToday platform. The sustained disparity highlights ongoing pressure in Nigeria’s foreign exchange market, driven by demand for foreign currency and limited supply through official channels. As of today, the official exchange rate for the British Pound stands at ₦1,934, while the currency is being traded at ₦1,965 on the black market, reflecting a ₦31 premium. This difference underscores the continued reliance of individuals and businesses on the parallel…

The Nigerian naira recorded a mixed performance against the United States dollar today, as differences between the official foreign exchange market and the parallel (black) market continue to reflect underlying pressures within the country’s forex system. According to information available from the NGNToday platform, the official exchange rate stands at ₦1,435 per US dollar, while the black market rate is trading at ₦1,480 per dollar. This ₦45 gap between the two rates underscores the persistent imbalance between foreign exchange supply and demand in Nigeria. While the official rate suggests a level of stability supported by regulatory oversight and policy interventions,…

The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has announced the commencement of the party’s nationwide E-Membership Registration Exercise. In a statement made available on his official Facebook page, Professor Yilwatda  informed party members and the general public that the exercise is currently taking place across the 36 states of the federation and the Federal Capital Territory (FCT), with registration activities ongoing at all APC wards nationwide. Read related story from New Daily Prime: Plateau governor set to officially pick APC membership card APC suspends Birnin Kebbi LG chair over alleged misconduct According to him,…

The Ogun State Police Command has arrested the driver involved in a fatal accident on the Lagos-Ibadan Expressway that claimed the lives of two associates of British-Nigerian boxing star Anthony Joshua. The crash occurred on the Makun axis, near Sinoma, close to Sagamu, and involved multiple vehicles. Police Public Relations Officer Oluseyi Babaseyi confirmed in a statement on X that the driver of the Lexus SUV is currently in custody, and investigations into the circumstances surrounding the accident are ongoing. Read related story from New Daily Prime: Anthony Joshua discharged from hospital after auto crash in Ogun Charles Onyeabor reacts…

The Executive Governor of Plateau State, His Excellency Barr. Caleb Manasseh Mutfwang, is set to formally join the All Progressives Congress (APC) on Friday, January 2, 2026, following his resignation from the Peoples Democratic Party (PDP). In a resignation letter dated December 29, 2025, addressed to the Ward Chairman of the PDP, Ampang West Ward, Mangu Local Government Area, Governor Mutfwang officially announced his withdrawal from the party with immediate effect. “I write to formally notify you of my resignation from the Peoples Democratic Party (PDP) with immediate effect,” the Governor stated. He added, “Given the realities of the moment,…

Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has narrated how he once cleaned a dirty aircraft toilet while serving as governor, using the experience to highlight his leadership philosophy and views on accountability. Obi shared the story on Sunday while responding to questions from Nigerians during an interactive session on X Space. He said Nigeria’s worsening security situation requires leaders who are disciplined, responsible, and willing to take personal responsibility rather than live what he described as a “fake life.” While answering a question on how he would address the country’s security and governance challenges, Obi…

President Bola Ahmed Tinubu has reached out to Nigerian-British heavyweight boxing champion, Anthony Joshua, following a tragic road accident in Ogun State that left the world-renowned athlete injured and claimed the lives of two of his closest associates. The incident has triggered an outpouring of grief and sympathy from political leaders, sports figures, and fans across the globe, underscoring Joshua’s stature not only as a boxing icon but also as a deeply respected individual within and beyond the sporting community. In a statement issued on Monday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President…

Nollywood actress, filmmaker and producer Funke Akindele has once again underlined her unrivalled commercial power in African cinema after her latest film, Behind The Scenes, crossed the ₦1 billion mark at the Nigerian box office. The milestone was confirmed on Monday by FilmOne Entertainment, which disclosed that the film has grossed ₦1,109,463,846 since its release. The achievement places Behind The Scenes among the most successful theatrical releases in Nigeria’s cinematic history and further consolidates Akindele’s position as Nollywood’s most bankable filmmaker. According to FilmOne, the film is the fastest in West Africa to surpass the ₦1 billion threshold and also…

Fresh indications have emerged from the Presidential Villa suggesting that President Bola Ahmed Tinubu is considering a major shake-up within the Ministry of Finance, with Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, at the centre of the unfolding developments. Multiple sources familiar with high-level deliberations told New Daily Prime that the President has given Edun the option of voluntarily resigning or facing removal, following growing dissatisfaction with the implementation of the 2025 budget and what insiders describe as rigidity in key fiscal policy decisions. According to a senior official who spoke on condition of anonymity, Edun…