Dollar to Naira Exchange Rate news on Daily News 24
Good morning! Here is today’s summary from Daily News 24. Stay informed with the top headlines, including a Lagos building collapse, police arrests linked to Boko Haram, El-Rufai’s APC stance, and key economic updates on the Naira and port reforms.
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1. Two killed, five injured as Lagos building collapses
A two-storey building under construction collapsed at Mega Mall Estate, Ikota, Ajah, Lagos, killing two people and injuring five others. The National Emergency Management Agency (NEMA) confirmed the incident, stating that a distress call was received before the rescue operation.
2. El-Rufai denies plans to leave APC
Former Kaduna State Governor Nasir El-Rufai has dismissed rumors of his defection from the All Progressives Congress (APC). Speaking at a democracy conference in Abuja, he reaffirmed his loyalty to the ruling party, stating that he has no intention of leaving.
3. FG to cut port costs by 25% with National Single Window
The federal government plans to implement the National Single Window (NSW) system to reduce port transaction costs by at least 25%. The Minister of Marine and Blue Economy, Adeboyega Oyetola, announced the initiative in Lagos as part of efforts to enhance trade efficiency.
4. Police bust syndicate supplying motorcycles to Boko Haram
The Nigeria Police Force has arrested a syndicate allegedly supplying motorcycles to Boko Haram terrorists in Niger and Kaduna states. Security officials say motorcycles are a primary means of transportation for terrorists involved in kidnappings and attacks.
5. I won’t let power change me – Rivers governor
Rivers State Governor Siminalayi Fubara has assured residents that he will not be consumed by the trappings of power. He reiterated his commitment to fulfilling campaign promises and delivering developmental projects to transform the state.
6. IGP Egbetokun sues Sowore over ‘illegal IG’ remark
Inspector General of Police Kayode Egbetokun has filed a lawsuit against activist Omoyele Sowore over a social media post labeling him an “illegal IG.” Sowore faces three cybercrime-related charges under Nigeria’s amended Cybercrime Act.
7. Police arrest over 1,000 financial crime suspects in 2024
The Nigeria Police Force has arrested 1,088 suspects linked to various financial crimes this year. Authorities also recovered $11.45 million and over N142 billion in separate anti-corruption operations.
8. APC slams El-Rufai over call for opposition unity
The ruling APC has criticized former Kaduna Governor Nasir El-Rufai for accusing the party of poor leadership and urging opposition parties to unite for the 2027 elections. The Presidency also accused him of betrayal over his recent remarks.
9. Naira gains value in forex market
The Naira appreciated against the US dollar, rising to N1,640 per dollar in the parallel market from N1,655 the previous day. In the official forex market, the Naira also strengthened to N1,526.3 per dollar.
10. Four killed in Ogun explosion caused by scrap scavenger
An explosion in Sabo, Owode, Ogun State, claimed four lives and left several others injured. Reports indicate that a scavenger accidentally triggered the blast while dismantling a metal object, leading to widespread panic in the community.
