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The Nigerian naira dropped to a record low of 1,730 per U.S. dollar on the parallel market on Monday, February 20, 2024, falling 8.13% from 1,600 naira recorded last Friday. This plunge came as the Economic and Financial Crimes Commission (EFCC) raided and arrested over 50 illegal currency traders in Abuja amidst the naira's freefall.
Parallel Market in Crisis
On Monday, street traders quoted the naira's buying price at 1,700 per dollar and the selling price at 1, ...Read More
On February 20th, 2024, gunmen kidnapped nine Jehovah's Witnesses in Kogi State, Nigeria, demanding a ransom of around $66,000 USD (30 million Nigerian naira). This incident follows another recent kidnapping of nine travelers near the same area, where kidnappers demanded around $32,000 USD (2.6 million naira).
Kidnapped Individuals' Situation
As of February 20th when the news first broke, there have been no updates on the status or release of the nine ...Read More
Horror films are a popular form of entertainment that elicits strong emotions such as fear, suspense, shock, and disgust. Some people enjoy horror films for the thrill and excitement, while others avoid them due to the anxiety and nightmares they can cause. But how do horror movies affect our mental health, both as children and adults? Are there any advantages or disadvantages to watching horror movies? In this article, we will look at some of the psychological effects of horror films, using ...Read More
The Obi-Datti presidential ...Read More
WhatsApp is a popular messaging app that provides end-to-end encryption and other privacy-protecting features. However, hackers can still attempt to gain access to your account by tricking you into sharing your verification code, scanning your QR code, or exploiting security flaws. If your WhatsApp account has been hacked, you may face the following threats:
- A hacker can use your hacked account to commit a crime such as kidnapping, murder, blackmailing and even State terrorism ...Read More
Cryptocurrency enthusiasts are buzzing about Skylos Fair Launch, a new platform that aims to revolutionize the way crypto projects are launched. Unlike traditional initial coin offerings (ICOs) that are often manipulated by front-running and other unfair practices, Skylos Fair Launch employs a patented fair launch methodology to ensure all investors have an equal opportunity to participate.
So how exactly does it work?
Skylos Fair Launch uses a lottery system to randomly ...Read More
Animal death plays an important, but often overlooked, role in maintaining ecosystem and food chain health. As morbid as it may appear, the decaying bodies of deceased creatures provide an essential nutrient source for other lifeforms to thrive.
When an animal dies in nature, the remains are quickly consumed by scavengers and decomposers such as insects, fungi, and bacteria. These organisms decompose the carcass, recycling its organic compounds and returning essential nutrients ...Read More
The administration of Nigerian Bola Ahmed Tinubu has announced plans to remove electricity subsidies, which could result in price increases and economic hardship for millions of Nigerians.
Power Minister Adebayo Adelabu stated that the government can no longer afford to subsidize the power sector and must shift to a more cost-effective pricing strategy. This follows the recent elimination of fuel subsidies, which has already caused financial hardship for many citizens. ...Read More
Oil bean seeds, also known as African oil ...Read More
There is some evidence that regular ejaculation may lower the risk of prostate cancer, as opposed to prostate enlargement or benign prostatic hyperplasia (BPH). However, the exact relationship between s£x and prostate health is not fully understood and may be influenced by other factors such as age, lifestyle, and genetic makeup.
According to a 2016 Harvard study, ejaculating more than 20 times per month reduced prostate cancer risk by about 20% compared to ejaculating only four ...Read More
According to new information, Special Counsel Jack Smith is looking into Senator Lindsey Graham's (R-SC) controversial phone calls to Georgia's Secretary of State after the 2020 election.
In September, a special grand jury in Georgia recommended that Graham and two other senators be indicted for attempting to overturn the state's election results. However, only Trump and six others were eventually charged.
Graham's conversations with GA Secretary Brad Raffensperger, in ...Read More
A US court ordered Airbus Helicopters SAS, the manufacturer of the helicopter model involved in a 2018 crash that killed five Britons, to pay $75 million to one of the victims' families.
The lawsuit arose from a February 2018 accident in the Grand Canyon that killed brothers Stuart and Jason Hill (ages 30 and 32), as well as Stuart's girlfriend, Becky Dobson. Jonathan and Ellie Udall, husband and wife, were also killed after suffering crash-related injuries.
The ...Read More
Fatal kidnapping Business: GUO Transport, ABC Motors and God is Good, others Buses, targeted so far!
Armed assailants reportedly kidnapped an unknown number of passengers on a GUO Transport company bus, k!illing the driver in a gruesome attack.
Disturbing videos circulating online show the aftermath of the attack on the Hiace 14-seater bus, which was traveling from Lagos to Abuja. The footage shows the driver lifeless in front of the now-empty vehicle, leaving only a young girl behind.
According to sources within GUO Transport, the incident occurred on the remote ...Read More
Nigeria's heavy-handed Twitter ban in 2021 provides a sobering case study of the unintended harms of knee-jerk social media regulation.
The statistics speak for themselves - Nigeria lost an estimated $500 million to $1 billion over the nearly 7-month ban. Daily losses reached as high as $6 million, with the shutdown severely impacting small businesses dependent on Twitter for commerce and customer engagement.
Given these stark economic impacts, Bola Tinubu would be wise to carefully weigh the wider costs of any proposals to regulate social media. While combating misinformation is a worthy aim, Nigeria's experience shows such efforts can easily go too far and incur harms that outweigh the benefits.
Of course, ...Read More
Bola Tinubu claims that social media has become a major issue in society and must be regulated. Tinubu, speaking through his Chief of Staff, Femi Gbajabiamila, at a recent event in Lagos, emphasized the importance of accurate ...Read More