Oluwakayode

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DOLLAR TO NAIRA EXCHANGE RATE TODAY, DECEMBER 10, 2025: MARKET STEADY AS CBN’S BDC REFORMS TAKE HOLD 

Official and Parallel Market Rates Remain Stable Amid Reduced Volatility and Regulatory Overhaul The Nigerian foreign exchange market maintained a notable level of stability on Wednesday, December 10, 2025, as both the official and parallel market rates showed minimal fluctuations. This calm performance comes on the heels of the Central Bank of Nigeria’s (CBN) sweeping…

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WOLE SOYINKA FAULTS ‘EXCESSIVE’ SECURITY DETAIL FOR SEYI TINUBU, WARNS PRESIDENCY ON PRIORITIES

Nobel Laureate Raises Concerns Over Governance, Security Deployment, Regional Stability & Media Responsibility Nobel laureate Professor Wole Soyinka has raised strong concerns over what he described as an extravagant and unjustifiable deployment of state security resources around Seyi Tinubu, son of President Bola Tinubu. Speaking at the 20th Wole Soyinka Centre for Investigative Journalism (WSCIJ)…

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US Congressman Visits Benue, Demands Global Action on Nigeria’s Deepening IDP Crisis

United States Congressman Riley Moore has called for urgent global attention to the worsening humanitarian crisis in Benue State after meeting with victims of violent attacks currently living in internally displaced persons’ (IDP) camps. Moore, who shared his experience in a detailed post on X, described his visit as emotionally overwhelming, revealing that many survivors…

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Falana Lists Key Steps Nigeria Must Take to Achieve Political Stability Amid Regional Coup Wave

Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has outlined critical steps Nigeria must take to safeguard its democracy and promote stability across West Africa, following the resurgence of coups in the region. Speaking during an interview on Politics Today on Channels Television, monitored by realtokng, Falana stressed that Nigeria cannot ignore the…

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Stanbic IBTC Bank champions economic growth through strategic partnership with African Development Bank

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and one of Nigeria’s leading financial services institutions, has reinforced its commitment to driving sustainable economic growth through a strategic partnership with the African Development Bank (AfDB). The initiative enhances the bank’s ability to channel long‑term funding into critical areas of the Nigerian economy, including trade,…

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NNPP Rejects Alliance With APC, Says Joining Ruling Party “Will Guarantee Our Failure” Ahead of 2027

The New Nigeria Peoples Party (NNPP) has dismissed rumours of any political alliance or behind-the-scenes negotiations with President Bola Tinubu or the Presidency. According to the party’s National Chairman, Dr. Ajuji Ahmed, the NNPP remains fully focused on strengthening its internal structures ahead of the 2027 general elections and will not be entering into any…

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Naira Slides to ₦1,475/$ on Parallel Market as Rate Gap Widens

Nigeria’s currency continued to face downward pressure as the Naira weakened to ₦1,475 per US dollar on the parallel market, slipping further from ₦1,463/$ recorded over the weekend. The depreciation reflects ongoing volatility in the unofficial forex market, where demand for foreign currency continues to outpace available supply. In contrast, the Naira maintained relative stability…

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Senate Bill Sparks Controversy Over Proposed 1,200% Hike in Sugar-Sweetened Beverage Excise Duty

A major controversy has erupted in Nigeria over a proposed amendment to the Customs and Excise Tariff (Consolidation) Act that seeks to drastically increase the excise duty on Sugar-Sweetened Beverages (SSBs) from the current ₦10 per litre to as high as ₦130 per litre, representing a staggering 1,200% increase. The bill, sponsored by Senator Ipalibo…

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Sanwo-Olu Disburses ₦1.6 Billion to Vulnerable Lagos Residents under Eko Cares Initiative

Lagos State Governor Babajide Sanwo-Olu has strengthened his administration’s commitment to social welfare by disbursing ₦1.6 billion to support 4,117 vulnerable residents across the state under the Eko Cares, Eko Listens programme over the past year. The initiative aims to cushion the effects of economic hardship and empower residents to meet urgent personal and business…

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