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Naira Strengthens Significantly as Nigerian Stock Market Records ₦35.07 Trillion Growth in 10 Months

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Nigeria ’s financial landscape is experiencing a remarkable turnaround, driven by a stronger naira and an impressive surge in the stock market . After months of instability, currency depreciation, and investor concerns, recent indicators reveal a more promising outlook for Africa’s largest economy . The official foreign exchange market has recorded a major appreciation of the naira, which now trades at around ₦1,421 per US dollar . At the same time, the Nigerian stock market has posted a cumulative ₦35.07 trillion gain in market capitalization within just the last ten months. These two developments are boosting confidence across sectors, generating optimism among investors, and signaling potential recovery momentum for Nigeria’s broader economy. A Stronger Naira: Signs of Stability Returning For many Nigerians, the value of the naira is more than just a number—it determines the costs of food, fuel, transportation, school fees, and virtually every essential commodity. The recent...
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Nigeria Celebrity & Entertainment News: November 16, 2025

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Nigeria’s entertainment industry continues to blaze trails in creativity, culture, and innovation, with Nollywood , music, and arts making headlines this week. From cutting-edge films to cultural festivals, Nigerian celebrities are shaping not only the country’s pop culture but also its global reputation. Makemation: Africa’s First AI-Themed Film In a groundbreaking development, Nigeria’s film industry has debuted Makemation , widely recognized as Africa’s first feature film centered on artificial intelligence . Directed by Michael “Ama Psalmist” Akinrogunde and produced by Toyosi Akerele-Ogunsiji , the film represents a significant leap for Nollywood, blending technology, storytelling, and social commentary. Makemation stars some of Nigeria’s most celebrated actors, including Richard Mofe-Damijo , Shaffy Bello , Tony Umez , Ali Nuhu , and Jide Kosoko . The plot centers on a 17-year-old girl from a low-income Lagos community who engages with AI to solve everyday problems. Notabl...
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CBN Cuts Interest Rate to 27% for the First Time in Five Years — What It Means for Nigerians

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In a major shift in Nigeria’s monetary policy, the Central Bank of Nigeria ( CBN ) has officially cut the Monetary Policy Rate ( MPR ) by 50 basis points , bringing it down from 27.5% to 27% . This marks the first interest rate reduction since 2020 , signaling a gradual pivot toward monetary easing after years of aggressive tightening aimed at taming inflation. The decision was announced after the Monetary Policy Committee ( MPC ) met and voted unanimously in favor of easing policy—an outcome analysts say reflects growing confidence that inflationary pressures are finally cooling. But what does this mean for the Nigerian economy , markets, and ordinary citizens? Let’s break it down. Why the CBN Cut the Interest Rate The CBN cited a combination of positive economic signals as justification for the rate cut. Among them: 1. A Consistent Decline in Inflation Nigeria has recorded several months of slowing inflation , a development the CBN attributes to tighter policies earlier in ...
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Nigerians Turn to Digital Skills to Earn in Dollars as Economy Tightens: A Growing Trend in 2025

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Across Nigeria today, a powerful economic shift is taking place. As living costs rise and the job market becomes more competitive, thousands of Nigerians — especially young people — are embracing high-income digital skills to earn US dollars without leaving the country. According to recent reports, these skills are becoming a lifeline for many households, offering financial stability in a time of high inflation and fluctuating currency value. This movement toward digital skill acquisition is not just a trend; it has become a survival strategy and an economic transformation shaping Nigeria’s future workforce. Why Nigerians Are Turning to High-Income Digital Skills Several factors have pushed Nigerians toward online, dollar-earning opportunities. One of the biggest drivers is the unpredictability of the naira , which has lost significant value in recent years. For many, earning in dollars offers a form of economic protection and stability, helping them manage rising food prices, t...
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Burna Boy Sparks Reactions After Ejecting Sleeping Couple During US Concert

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In the world of entertainment, few artists embody energy, confidence, and stage command like Nigeria’s own Burna Boy . The Grammy Award-winning superstar has once again found himself at the centre of online conversation after a dramatic incident at one of his concerts in the United States. During his “No Sign of Weakness” tour stop at the Red Rocks Amphitheatre , Burna Boy halted his performance midway to eject a couple he claimed was sleeping during his set. The incident, captured on several fan videos, spread across social media platforms within hours, drawing mixed reactions from fans and critics worldwide. Some applauded the Afro-Fusion artist for demanding respect from his audience, while others accused him of being too harsh and overreacting. The Moment That Stunned the Crowd According to concertgoers, Burna Boy was halfway through one of his hit tracks, City Boys , when he noticed a couple in the front row apparently dozing off. The singer stopped the music and directed the...
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Tiwa Savage Makes U-Turn: “I Don’t Want To Be a Second Wife — I Still Believe in Love”

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In a surprising but heartfelt turn of events, Nigerian music sensation Tiwa Savage has openly clarified her earlier controversial remarks about being open to becoming a second wife . The “ Somebody’s Son ” crooner admitted that her previous statement came from a place of emotional exhaustion , and not from a genuine desire to enter into a polygamous relationship. During a candid interview this week, Tiwa opened up about her struggles with love, heartbreak, and public scrutiny — themes that have defined much of her music and personal life in recent years. “I don’t want to be a second wife,” she said with conviction. “I was just emotionally tired when I said that. I still believe in love, and I want to find someone genuine.” Her revelation immediately set social media abuzz once again, with fans expressing mixed emotions — some applauding her honesty, others sympathizing with her vulnerability. 💬 What Really Happened? A few months ago, Tiwa Savage sparked online debates after jokingly ...
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Nigerians in the UK Risk Mass Deportation as Kemi Badenoch Launches Plan to Deport 150,000 Illegal Migrants

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  The United Kingdom is bracing for a new wave of immigration crackdowns as Conservative Party leader Kemi Badenoch unveils a sweeping policy aimed at deporting 150,000 illegal migrants every year . The proposal, already generating heated debates across British and African communities, has triggered serious concern among Nigerians living in the UK , many of whom fear that the plan could lead to mass deportations and stricter immigration conditions. According to reports from The Guardian Nigeria and PM News , Badenoch’s new initiative—known informally as the Radical Borders Plan —seeks to overhaul the UK’s immigration and asylum systems. The plan introduces the creation of a special enforcement unit , similar to the U.S. Immigration and Customs Enforcement (ICE), which will focus on locating and removing illegal or undocumented migrants. This “ Removals Force ,” as described, will have enhanced powers to work closely with the police, use facial recognition technology, and enforc...
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Tension in Nigeria as Adaeze Ekwueme’s 2020 Prophecy About Trump Resurfaces, Northern Nigerians Issue Warning

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Nigeria ’s social media space has been buzzing over the past few days following the resurfacing of a 2020 prophecy by Adaeze Ekwueme , which claimed that former U.S. President Donald Trump would take military action in West Africa , particularly to defend Christians in Nigeria . The renewed attention has stirred heated debate, drawing mixed reactions across the country — especially from northern Nigerians , some of whom have issued stern warnings to Trump, telling him not to interfere in Nigeria’s affairs. The prophecy, which first appeared on Facebook about five years ago, is now being reshared widely as insecurity and religiously motivated killings continue in parts of Nigeria. In her message, Adaeze Ekwueme reportedly said that God would use Trump as an instrument of justice to defend the oppressed and expose those behind the bloodshed in Nigeria and other parts of West Africa. According to her, the world would witness a major turning point when “a great world leader” would rise...
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Nigeria’s Economy Shows Signs of Recovery Amid Rising Inflation and Structural Challenges

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Nigeria’s economy appears to be regaining momentum, according to a new World Bank assessment that highlights steady growth in non-oil sectors and improved investor confidence. Despite these encouraging signs, experts warn that the country still faces serious challenges, including persistent food inflation , high unemployment , and slow progress in inclusive growth. Economic Recovery Beyond Oil For years, Nigeria’s economic performance has depended heavily on oil exports. However, recent data show an important shift. The World Bank report noted that growth in services, telecommunications, fintech , and agriculture has helped cushion the impact of fluctuating global oil prices. “The non-oil economy is driving Nigeria’s recovery,” the report said, pointing to increased productivity among small businesses, better access to mobile banking, and an expanding agricultural value chain. In Lagos , the hub of financial activity, business owners say things are gradually improving. “Customer...
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Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

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Legal troubles are on the horizon for blogger and philanthropist Olufunke Afeh , famously known as Angels Empire . Her forthcoming arraignment at the Federal High Court in Lagos on April 8 has garnered public interest regarding the details of her arrest, extended detention, and eventual release on bail. On February 19, 2025, SaharaReporters brought to light that the police had leveled 11 charges against Afeh, accusing her of various offenses, including cyberstalking and harassment of multiple individuals, notably Mr. Obidi Anthony and his daughters, Nancy Ume and Korra Obidi . The Angels Empire Foundation reported that Afeh was taken into custody on February 6, 2025, in Abuja . She had responded to a deceptive phone call from the Nigerian Police , which involved a false allegation of phone theft.  Once at the police station, Afeh was swiftly detained at the Force Criminal Investigation Department (CID) in Abuja, where she was denied access to legal representation, and her mobil...
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🍲🔥 BBNaija Food Fight! Big Soso and Ivatar Joanna Clash Over Missing Ingredients in Biggie’s House!

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Tensions Rise in the House Over Food Dispute – BBNaija S10 Drama hit the Big Brother Naija Season 10 house today, August 8, 2025, as a serious disagreement broke out over food, causing tension among housemates and stirring reactions across social media. The clash began when Big Soso accused fellow housemate Ivatar Joanna of hoarding key food ingredients meant for group meals. According to Big Soso, Joanna had been “secretly setting aside meat and seasoning cubes,” a claim Joanna strongly denied. The situation quickly escalated as voices were raised and other housemates joined the fray, choosing sides and contributing their opinions. What started as a minor food-sharing issue snowballed into a heated verbal exchange that disrupted the house’s usual morning routine. Big Brother , monitoring the situation closely, issued a stern warning to both Soso and Joanna, reminding all housemates of the need to maintain peace and respect within the house. Several housemates attempted to calm ...
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“Powering Nigeria’s Future: How Gas Investments Are Cutting Costs and Driving Growth”

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Nigeria is embarking on a bold journey to transform its energy landscape, and at the heart of this transformation is the Midstream and Downstream Gas Infrastructure Fund (MDGIF) . Established under the Petroleum Industry Act (PIA) of 2021 , the MDGIF is now one of the most ambitious initiatives in Africa’s energy sector, designed to drive investment in gas infrastructure, reduce harmful gas flaring, and make energy more affordable for everyday Nigerians. Over the past year, the MDGIF has moved from a concept on paper to a funding powerhouse, supporting over 16 companies to develop gas-related projects that could reshape how Nigeria produces, transports, and uses energy. With a clear focus on infrastructure development, this initiative promises not only to reduce the country’s dependence on petrol but also to boost economic growth, create jobs, and cut energy costs for millions. A Vision Backed by Investment Gas is increasingly seen as the future of energy in Nigeria. The country h...
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