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Naira Records Highest Depreciation Against US Dollar

The Naira has recorded its highest daily depreciation against the United States dollar at the official foreign exchange market on Wednesday.
This is according to data released by the Central Bank of Nigeria.
The data showed that the Naira continued its bearish trend on Wednesday, dropping to N1,443.08 against the dollar, down from N1,438.71 traded on Tuesday.
This means that the naira recorded a N4.3 drop against the dollar on a day-to-day basis.
At the black market, the Naira remained stable at 1465 per dollar on Wednesday, the same exchange rate as on Tuesday.
Recall that Wednesday’s downturn is the highest depreciation against the dollar when compared to the decline on Monday and Tuesday, which stood at N2.1.
The development comes despite the continued rise in the country’s foreign reserves, which stood at $43.37 billion as of November 10, 2025.
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The Things Happening In Nigeria Have Never Happened Since 1999 – Dino Melaye Laments

Dino Melaye, a former federal lawmaker from Kogi State has expressed shock over recent events in the country.

In a post on his social media page on Thursday, Melaye stated that the country must not be allowed to die.
He also spoke about Donald Trump’s threat to Nigeria.
He wrote, “Nigeria must not die, the things happening in this country have never happened since 1999.
 
“Rumour of coup; Trump and America threat of invasion and arbitrary and egocentric amendment of extant laws.
 
“Enough is enough. In an unjust society, silence is a crime.”
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Nigerian Govt Suspends Implementation of 15% Petrol Import Duty

The Federal Government has announced the suspension of the implementation of a 15 per cent import duty on premium motor spirit and automotive gas oil.
This was announced on Thursday by the spokesperson of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, George Ene-Ita.
The country’s downstream oil sector regulator urged Nigerians to avoid panic buying of petrol and diesel, assuring the public of adequate supply nationwide.
 
“It should also be noted that the implementation of the 15 percent ad valorem import duty on imported premium motor spirit and diesel is no longer in view,” NMDPRA stated.
The statement added, “The Nigerian Midstream and Downstream Petroleum Regulatory Authority assures the general public that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold during this peak demand period.

“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc.) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.

 
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
 
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
 
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security.”
 
Recall that President Bola Ahmed Tinubu, late last month, approved the implementation of a 15 per cent import duty on petrol and diesel to encourage Dangote Refinery.
However, the decision has drawn mixed reactions from economists, stakeholders, and Nigerians.
While some believe it is a good move to encourage Dangote Refinery, others argue that it would further worsen hardship for Nigerians as petrol and diesel prices would rise.
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Trump Said He’s Fighting Terrorists Not Nigerians – CAN

The Chairman of the Christian Association of Nigeria (CAN) in the 19 Northern States and the Federal Capital Territory, Reverend Joseph Hayab has clarified that United States President Donald Trump said he’s fighting against terrorists not Nigerians.

He was reacting to Trump’s statement on the k!lling of Christians in Nigeria.

According to Hayab, Trump’s statement was intentionally misrepresented by many people.

Speaking on The Morning Show on Arise Television on Wednesday, November 12, Hayab clarified that Trump never threatened to invade Nigeria but merely urged the Federal Government to take decisive action against terrorists targeting Christians.
“Listening to what Trump said, Trump never said he was going to come to fight Nigeria. There’s a twisting of all these things,” Hayab said.
 
“Trump simply said, ‘Go after these terrorists; if you don’t go after them, we can come and go after them.’ So, who is afraid of Trump coming to Nigeria?”

Hayab stressed that acknowledging the reality of attacks on Christians is the first step toward national reconciliation and peace.

 
“You can’t tell someone who is a victim, who is in pain, that his cries are not true,” he said.
 
“Once we stop doing that, then we’ll find a solution. Let’s admit that people came and killed Christians, and they came in the name of religion. They came as Islamic fundamentalists.”
He, however, clarified that Christians are not accusing all Muslims but rather extremists who use religion as a cover for violence.
“No Christian is saying Muslims had a meeting and asked people to go and kill them, but Christians are saying that fundamentalists, terrorists came in the name of Islam and killed Christians. When we acknowledge that fact, then we’ve started a journey of healing,” he explained.
The CAN chairman called for empathy and dialogue among Nigerians, noting that honest conversations are key to restoring national trust.
“When we begin to talk to one another and understand the feelings and pain that people are going through, people will trust any conversation we bring to the table,” Hayab said.
He urged government officials to stop dismissing reports of religious killings and instead engage directly with affected communities to rebuild confidence and foster unity.
Reacting to criticisms that Trump’s statement represents an American political agenda, Hayab argued that Nigerian leaders should be more concerned about addressing the grievances of victims than debating Trump’s motives.
“Before you tell me about Trump’s agenda, have you shown concern when I was burying people in large numbers?” he asked.
“If you fail to act and Trump says he’s coming, let him come, at least it will show you’re not the only one watching.”
President Trump recently drew attention to the persecution of Christians in Nigeria, warning of consequences if the Nigerian government failed to act against terrorists targeting religious minorities.
The statement, which has stirred controversy, was interpreted by some as a threat of military intervention, prompting clarifications from both U.S. officials and Nigerian religious leaders.
Trump’s comment follows several reports of sectarian violence in northern Nigeria, including attacks on Christian communities in Plateau, Kaduna, Benue, and other states.
Reverend Hayab’s comments come amid renewed calls for the Federal Government to intensify efforts toward curbing religiously motivated killings and ensuring justice for victims across the country.
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Japa: How Immigration Blocked 294 Nigerians From Leaving The Country

The Nigeria Immigration Service (NIS) has prevented 294 Nigerians from leaving the country over suspected smuggling activities and barred 332 undocumented migrants from entering at the Seme border.

Comptroller General of Immigration, Kemi Nandap, disclosed this on Tuesday, November 11, during a one-day stakeholders’ sensitization seminar in Abuja titled “Evolving Patterns in Smuggling of Migrants: Towards a Coordinated National Response.”

Nandap also revealed that the service recently rescued 36 victims of human trafficking and child labour along the Seme border, with the help of newly installed CCTV cameras that aided the interception of irregular migrants.

“These are not annual statistics; they occurred within a short period, highlighting the scale of the problem we are dealing with,”
she said.

Expressing concern over the increasing trend of Nigerians migrating irregularly in search of better opportunities abroad, a phenomenon commonly referred to as “Japa”, Nandap lamented the risks involved.

“It is very disheartening when you see young people risking their lives because they feel the grass is greener on the other side,” she said.

The Immigration chief noted that migrant smuggling has become “more complex and transnational,” driven by sophisticated criminal networks exploiting vulnerable individuals.

She added that the NIS, working with both local and international partners, has adopted a multi-dimensional approach to combat the problem. This includes strengthening legal and institutional frameworks, expanding public awareness campaigns, and enhancing inter-agency cooperation to ensure a more coordinated national response.

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NYSC 2025 Batch C Orientation To Start November 19

The National Youth Service Corps (NYSC) has announced that the 2025 Batch ‘C’ Orientation Course is set to commence on Wednesday, November 19, 2025, at orientation camps across the country.

According to the scheme, camp registration for all corps members will run from Wednesday, November 19, to midnight on Friday, November 21, 2025.

NYSC confirmed this in a statement signed and released by its Director of Information and Public Relations, Caroline Embu, on Wednesday.

The statement read, “The swearing-in ceremony holds on Friday, November 21, while the closing ceremony will take place on Tuesday, December 9, 2025.”

Embu added that the Director-General, Brigadier General Olakunle Nafiu, wished all prospective corps members safe travels to their respective orientation camps. He also advised them to avoid night journeys to ensure their safety.

PUNCH Online had earlier reported on Tuesday that the NYSC announced the release of call-up numbers for the 2025 Batch C prospective corps members.

The scheme confirmed this on its official X handle on Tuesday, stating: “The NYSC management is pleased to announce that call-up numbers for 2025 Batch C Prospective Corps Members have been released, based on registration order.”

The statement added that due to capacity limitations across the 36 states and the Federal Capital Territory, “only about 40 per cent of registered prospective corps members can be accommodated for the upcoming orientation programme.”

The NYSC assured those unable to secure placement in Batch C that they would be deferred to the next exercise.

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Only In Disgraced Country – Peter Obi Slams Govt Over Unpaid Super Eagles Allowances

Former Labour Party presidential candidate, Peter Obi, has slammed the Federal Government over reports that the Super Eagles are being owed allowances, calling the situation a reflection of a “now disgraced nation.”

Obi’s reaction follows concerns raised by Super Eagles midfielder, Alex Iwobi, who shared a video showing the reportedly poor state of the team’s accommodation in Rabat, Morocco, ahead of their 2026 FIFA World Cup qualifying playoff against Gabon.

In a statement on Tuesday via X, Obi said it was “truly unfortunate” that players who “consistently give their best in representing our dear nation” are being owed their entitlements, even as the government continues to spend lavishly on “needless political patronage.”

He lamented that the neglect of national athletes sends the wrong message to Nigerian youth, adding that those who serve the country “deserve to be paid promptly and treated with respect.”

Obi urged authorities to “do better” and prioritise the welfare of the nation’s representatives.

He said: “It is truly unfortunate that our Super Eagles who consistently give their best in representing our dear nation, are being owed their allowances.

“We always seem to find money to waste on needless lavish spending and political patronage, yet we cannot pay those who patriotically raise our flag, bring us pride, and serve with dedication. That is what is found in a “now disgraced country”.

“When those who serve their country are not treated with dignity, it sends the wrong message to our youth, that hard work and service are not rewarded. Those who represent Nigeria deserves to be paid promptly and treated with respect. We must do better”.

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EFCC Adds Ex-Minister, Sylva On FBI, Interpol Watchlist

After declaring a former Minister of State for Petroleum Resources, Timipre Sylva, wanted over an alleged conspiracy and dishonest conversion of $14,859,257, the EFCC has now added his name to FBI and Interpol wanted list.

Recall that the Economic and Financial Crimes Commission (EFCC) had on Monday declared Sylva wanted.

In a public notice, EFCC spokesperson, Dele Oyewale, said the funds were provided by the Nigerian Content Development and Monitoring Board (NCDMB) for investment in Atlantic International Refinery and Petrochemical Limited.
Senior EFCC officials confirmed to Punch that the former minister has been placed on the watchlists of global security agencies, including the United States Federal Bureau of Investigation (FBI), Interpol, the United Kingdom Metropolitan Police, and security authorities in Canada and other countries.
A credible EFCC source familiar with the matter said the case had been ongoing for years.
“The case has been on for a long time. The former minister was visiting our office until he later stopped. So, now that we have declared him wanted, he has also been placed on the watchlists of the US FBI, Interpol, and other security agencies,” the source said.
According to Oyewale, the commission secured a Federal High Court arrest warrant on November 6, 2025.
Justice D. I. Dipeolu granted the order, directing security agencies to arrest Sylva and bring him before the EFCC to answer to the alleged criminal offences.
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Naira Depreciates Against US Dollar Across Official, Black Markets

The Nigerian currency, the naira has depreciated against the United States dollar at the official foreign and parallel exchange markets.
This is according to data released by the Central Bank of Nigeria.
The Naira dropped on Monday to N1,437.29 against the dollar, down from N1,436.58 traded at the close of work on Friday.
This showed that the Naira weakened on Monday by N0.71 against the dollar when compared to N1,436.58 exchanged last week.
Similarly, the Naira also declined by N15 to N1,465 per dollar on Monday down from N1;450 lon Friday.
The development comes despite the continued rise in Nigeria’s external reserves, which stood at $43.35 billion as of November 7th, up from $43.32 recorded the previous day, according to CBN data.
Recall that the Naira closed with mixed sentiments last week after US President Donald Trump’s designation of Nigeria as a Country of Particular Concern.
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US President Donald Trump to Sue BBC For $1 BILLION for Editing One of His Speeches

President Donald Trump has revealed his plan to sue the BBC for $1 billion if his demands are not met.
This comes after BBC allegedly edited the president’s speech.
Trump accused BBC of allegedly trying to “interfere in the presidential election” last year by editing one of his speeches.
A letter sent to BBC Chairman Samir Shah at Television Centre by his legal team in Florida says: ‘President Trump will be left with no alternative but to enforce his legal and equitable rights, all of which are expressly reserved and are not waived, including by filing legal action for no less than $1,000,000,000 (One Billion Dollars) in damages.
‘Due to their salacious nature, the fabricated statements that were aired by the BBC have been widely disseminated throughout various digital mediums, which have reached tens of millions of people worldwide. Consequently, the BBC has caused President Trump to suffer overwhelming financial and reputational harm’.

The letter from his lawyer, Alejandro Brito, adds: ‘The BBC is on notice’.

Mr Brito says Mr Trump has three demands. By close of business on Friday the BBC must issue a full and fair retraction, issue an apology, and ‘appropriately compensate President Trump for the harm caused’.

Mr Trump issued the legal letter after it emerged Panorama had selectively edited his speech before the January 6 Capitol riot to remove a section where he told supporters to demonstrate peacefully. The scandal has brought down the Director General Tim Davie and the CEO of BBC News, Deborah Turness.
A BBC spokesman said: ‘We will review the letter and respond directly in due course.’ 
It came as BBC chairman Samir Shah made an apology to Mr Trump and admitted he was willing to say sorry in person.
 
‘He’s a litigious fellow. So we should be prepared for all outcomes’, he said when asked if he knew whether the President will sue.
Mr Trump said last night that the BBC is a ‘corrupt’ organisation and called Tim Davie and Deborah Turness, who have resigned over the scandal, ‘very dishonest people’.
A spokesperson for Trump’s legal team told NBC: ‘The BBC defamed President Trump by intentionally and deceitfully editing its documentary in order to try and interfere in the Presidential Election. President Trump will continue to hold accountable those who traffic in lies, deception, and fake news’.
The revelation comes shortly after Mr Shah used his first remarks since the resignations of director general Tim Davie and head of news Deborah Turness to mount a defence of the corporation.
Mr Shah accused Michael Prescott, who wrote a critical memo that ultimately prompted the resignations, of offering a ‘personal account’ which gives only a ‘partial’ view of events.
In a 1,600-word letter to the Culture, Media and Sport Committee (CMS), Mr Shah admitted there were ‘occasions when the BBC gets things wrong’ but claimed the leaked report did not present the full picture.
 
‘Michael Prescott’s memo gives only a partial description of the evidence that editorial guidelines and standards committee received and considered,’ he said.
 
He insisted there were no issues the BBC had sought to ‘bury’, adding: ‘That interpretation is simply not true. The issues raised by Mr Prescott are precisely the issues that have been considered by the Editorial Guidelines and Standards Committee [EGSC] and the board.’
Mr Shah said Mr Prescott had relied on evidence compiled by the editorial guidelines and standards committee (EGSC), to produce the dossier.
 
‘There is another view that has gained currency in the coverage that the BBC has done nothing to tackle these problems. That is also simply not true,’ he said.
 
‘Over the three years Mr Prescott was an adviser to the EGSC, the BBC has: published corrections where we have got things wrong; changed editorial guidance to make the BBC’s position on issues clearer; made changes to leadership where the problems point to underlying issues; and carried out formal disciplinary measures.’