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Naira Appreciates From 1310/$ To 1300/$ In Parallel Market

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Naira, on Wednesday, appreciated against the US Dollar on the unofficial parallel market, commonly referred to as the black market.

In afternoon trading, the exchange rate was N1,300 per dollar, representing a 0.76% increase (N10) compared to the N1,310 rate recorded on Tuesday on the black market.

The persistent foreign exchange pressure, exacerbated by the Naira reaching as low as N1,310 per dollar, showed signs of improvement on Wednesday as demand slightly eased.

The most recent instance of Naira appreciation occurred on October 3, 2023, when it increased by 0.79% (N8) against the US Dollar.

On Tuesday, the Naira experienced a significant 6.86% depreciation after having strengthened by 1.85% against the dollar on Monday at the Nigerian Autonomous Foreign Exchange Market (NAFEM).

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Pastor Adeboye Bans Braids and Heavy Makeup for RCCG Clergy

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The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has openly criticized clergymen who wear braided hair and clergywomen who use false eyelashes and heavy makeup. During the church’s recent annual convention, he announced that these trends among church workers would no longer be accepted.

“In Yorubaland, the only men who braid their hair are Sango priests, the god of thunder,” Adeboye remarked. “Some say this is a new age, and we must adapt to modern trends, but not in this mission. Even after I’m gone, this will not be allowed.”

He made it clear that any pastor, particularly female pastors, who appears overly made up like a Nollywood star would be removed from the altar. “You may not like it, but if you are my children, you can’t defy me. Real men don’t wear makeup because they believe God made no mistakes in their creation.”

Adeboye further questioned the use of false nails, stating, “When you begin to fix false nails, I wonder what you are trying to achieve. If God wanted to make you a bird, He would have given you false nails and eyelashes.”

He urged those who take pleasure in unconventional appearances to repent and embrace modesty. “You can quote me on this: If anyone questions why you are making these changes, tell them, ‘Daddy GO said so,'” he concluded.

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PDP Reaches Out to Peter Obi for 2027 Presidential Ticket

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In a major political development, Professor Jerry Gana, a founding member of the People’s Democratic Party (PDP), has confirmed that the party has officially reached out to Peter Obi, inviting him to return and contest the 2027 presidential election under the PDP banner.

Gana described the move as part of a broader strategy to reposition the party ahead of 2027 by rallying credible leaders with proven integrity. He emphasized Peter Obi’s strong grassroots appeal and untainted public record as key reasons the PDP wants him back.

“We have reached out to Peter Obi to return home for our party’s presidential ticket,” Prof. Gana stated.

Do you think Obi should return to the PDP or continue with his current coalition?

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Tinubu Engages Power Sector Leaders, Pushes for Lasting Energy Reforms

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President Bola Ahmed Tinubu on Friday held a strategic meeting with key stakeholders in Nigeria’s power sector at the Presidential Villa in Abuja, as part of renewed efforts to tackle the nation’s long-standing electricity issues.

The high-level session was chaired by the President, with his Chief of Staff, Femi Gbajabiamila, and Minister of Power, Adebayo Adelabu, in attendance.

Also present were some of the industry’s most prominent figures, including Heirs Holdings Chairman, Tony Elumelu; Chairman of the Association of Power Generation Companies, retired Colonel Sani Bello; Managing Director of Sahara Group, Kola Adesina; and Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni.

The meeting focused on exploring sustainable solutions to Nigeria’s energy challenges, with a strong emphasis on collaboration, regulatory reform, and long-term investment.

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