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Nigerian businesses are finally catching a breath of fresh air after months of struggling with a dollar shortage. Recent reforms implemented by the Central Bank of Nigeria (CBN) have led to a significant increase in the availability of foreign exchange, allowing major companies like MTN Nigeria, BUA Foods Plc, and Cadbury Schweppes Plc’s Nigerian unit (Cadbury Nigeria) to settle their overdue dollar obligations. The Currency Drought This positive development marks a turning point for the Nigerian economy, which has been grappling with currency scarcity for an extended period of time. The limited access to dollars hindered businesses’ ability to import…

A young man identified simply as Akpoveta has been arrested for the alleged murder of his “sugar mummy,” Ms. Akpaku. The incident, which has cast a dark shadow on the controversial world of transactional relationships, has sparked outrage and renewed calls for caution when navigating such arrangements. The Deadly Confession According to a disturbing video circulating on social media, shared by the Delta State Police Public Relations Officer, Mr. Bright Edafe, Akpoveta, visibly distraught, confessed to the brutal killing. The suspect claimed Ms. Akpaku was his sugar mummy, a term used to describe an older woman who provides financial support…

The Central Bank of Nigeria (CBN) has released a much-anticipated update to its list of licensed Deposit Money Banks (DMBs) operating within the country’s borders. This comprehensive directory, published on the CBN’s website, offers valuable insights into the current state of Nigeria’s dynamic banking sector and serves as a crucial resource for individuals and businesses seeking secure financial institutions. Categories of Licensed Deposit Money Banks The list categorizes DMBs based on the type of license they hold, providing a clear picture of the operational scope of each bank. Here’s a breakdown of the key categories: Commercial Banks with International Authorization…

Real Madrid staged a dramatic comeback for the ages, defeating Bayern Munich 3-1 (4-3 on aggregate) to secure a historic berth in the Champions League final. The unlikely hero of the night? The often-criticized Joselu Mato, whose clinical brace sent shockwaves through the Allianz Arena and ignited a sea of white at the Santiago Bernabéu,. Defying the Odds The odds were firmly stacked against Madrid. Going into the second leg down 2-1 after a disappointing showing in Munich, they needed a miracle. Injuries to key players like Karim Benzema further dampened spirits, leaving many to believe Bayern would comfortably close…

The Kano Pillars faithful are reeling after the club’s management announced the appointment of not one, but two interim head coaches to oversee the remaining fixtures of the Nigeria Professional Football League (NPFL) season. This unorthodox decision follows the abrupt suspension of head coach Abdullahi Maikaba, leaving fans and pundits alike scratching their heads. Maikaba’s Suspension: A Shrouded Mystery News of Maikaba’s suspension sent shockwaves through Nigerian football circles. While the official statement from the club remained tight-lipped, citing “breach of contract” as the reason for the coach’s dismissal, whispers of disagreements with management and a string of underwhelming performances…

Borussia Dortmund booked their place in the UEFA Champions League final with a nail-biting 1-0 victory over Paris Saint-Germain at the Parc des Princes on Tuesday night. This hard-fought win, secured by a Mats Hummels header in the second leg, sees the German giants return to the biggest stage in European club football after an 11-year hiatus. Dortmund’s Dream Run Continues: From Underdogs to Champions League Finalists Dortmund entered the knockout stages as underdogs, defying expectations by dispatching Chelsea and Manchester City in the previous rounds. Their resolute defense, spearheaded by the ever-reliable Mats Hummels, coupled with the attacking prowess…

Lobi Stars players quelled rumors of a looming strike by returning to training on Tuesday, despite whispers of discontent over unpaid salaries. The club’s vice chairman, Dominic Iorfa, moved swiftly to address the speculation, reassuring fans and stakeholders that the Pride of Benue remains focused on the upcoming Nigeria Professional Football League (NPFL) fixtures. Training Resumes: A Sign of Unity or a Temporary Truce? The sight of Lobi Stars players back on the training pitch offered a sigh of relief to fans who were worried about potential disruptions to the NPFL season. The team, under the watchful eye of coaches…

The Kano Pillars faithful woke up to a rude shock on Tuesday morning as the club announced the abrupt suspension of head coach Abdullahi Maikaba. The news sent a ripple of confusion and concern through Nigerian football circles, leaving fans and pundits alike scrambling for answers. Maikaba’s Tenure: A Mixed Bag of Results Maikaba arrived at Kano Pillars with a decent pedigree, having achieved success with Plateau United and Enugu Rangers. However, his stint at the helm of the “Sai Masu Gida” (translated as “The Great Fighters”) has been a rollercoaster ride. While the team displayed glimpses of their attacking…

Get ready for some midweek football frenzy! The Nigeria Football Federation (NFF) has finally unveiled the highly anticipated fixtures and venues for the Round of 32 of the President’s Federation Cup. The announcement, which comes as a relief to fans and teams alike, paves the way for some exciting clashes between Nigeria’s finest footballers. A Tournament Steeped in History: The Allure of the Federation Cup The President’s Federation Cup, also known as the FA Cup, is a cherished tradition in Nigerian football. Dating back to 1945, the tournament offers a unique opportunity for clubs from all divisions to compete for…

Phyna, the winner of Big Brother Naija season 7, has finally addressed the lingering questions surrounding her relationships with some of her fellow housemates. In a recent interactive session on her X platform, Phyna revealed she maintains cordial relations with most of her ex-companions from the show, with the exception of one. From Hype Woman to Housemate Queen: Phyna’s Big Brother Journey Ijeoma Josephina Otabor, better known as Phyna, entered the Big Brother Naija season 7 house as a vibrant and outspoken personality. The self-proclaimed “hype woman” quickly captured the hearts of viewers with her infectious energy, sharp wit, and…