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 making waves across Nigeria, including Obasa’s reinstatement as Lagos speaker and Rivers lawmakers’ ultimatum to Governor Fubara
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1. Obasa reinstated as Lagos speaker after 49-day crisis
Mudashiru Obasa has returned as Speaker of the Lagos State House of Assembly, ending a leadership crisis that lasted 49 days. Obasa was removed by 36 lawmakers but reclaimed his position after Mojisola Meranda resigned during Monday’s plenary session.
2. Rivers lawmakers give Fubara 48 hours to submit 2025 budget
Rivers State lawmakers have issued Governor Siminalayi Fubara a 48-hour ultimatum to present the 2025 Appropriation Bill. They warned that failure to comply could lead to a financial crisis, as the Assembly will begin a 12-week recess on Friday.
3. Boko Haram abducts university dean, passengers in Yobe
Suspected Boko Haram terrorists have kidnapped the Dean of Engineering at the Nigerian Army University Biu (NUAB) and other travelers along the Damaturu-Biu road in Yobe State. Officials confirmed the attack but declined to provide further details.
4. Fubara says he is not afraid of leaving office
Rivers Governor Siminalayi Fubara has stated that he is not afraid of any consequences amid political tension in the state. His remarks come after the Supreme Court reinstated 27 lawmakers loyal to former Governor Nyesom Wike.
5. Jandor quits PDP over betrayal, anti-party activities
Former Lagos PDP governorship candidate, Abdul-Azeez Adediran, also known as Jandor, has resigned from the party. He cited internal betrayal, indiscipline, and anti-party activities but has yet to announce his next political move.
6. No formal petition against Akpabio over sexual harassment claims – Senate
The Senate has stated that no official petition has been filed against Senate President Godswill Akpabio regarding sexual harassment allegations made by Senator Natasha Akpoti-Uduaghan. It clarified that no investigation can proceed without a formal complaint.
7. Naira falls to N1,510 per dollar in parallel market
The Naira depreciated to N1,510 per dollar in the parallel market on Monday, down from N1,505 last weekend. However, it gained slightly in the official Nigerian Foreign Exchange Market (NFEM), trading at N1,499 per dollar.
8. PETROAN commends NNPC for petrol price reduction
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has praised NNPC Retail Ltd for lowering the price of petrol from N920 to N875 per litre. The association welcomed the move as a relief for consumers.
9. Kwara police rescue kidnapped victim, arrest two suspects
Kwara State Police rescued Sule Saidu, who was abducted at Ahuro Fulani Camp. Two suspects were arrested, and firearms were recovered in a swift operation that took place on Saturday.
10. Imo police arrest four kidnappers in forest raid
Imo State Police have apprehended four suspected kidnappers hiding in a forest in Irete, Owerri West LGA. The operation, carried out by security operatives, was confirmed in a statement by police spokesperson DSP Henry Okoye.
