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Naira Strengthens to N1570.14 Against the Dollar

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The Nigerian Naira showed significant strength against the US dollar during Friday’s trading session. According to FMDQ data, the Naira appreciated to N1570.14/$, an improvement from N1586.1/$ recorded on Thursday. This represents a notable N16 gain against the US dollar compared to the previous day’s rate in Nigeria’s FX Market.

On the black market, the Naira also saw an increase in value, rising from N1620/$ to N1615/$ on Friday. The Central Bank of Nigeria (CBN) has ramped up efforts this month to reduce the volatility of the Naira’s exchange rate.

These measures, coupled with the US dollar index hitting new lows this year due to a more dovish Fed statement, have contributed to the Naira’s gradual strengthening against the dollar.

The Naira began its upward trend after hitting a low of N1,912/$ in late February. It fell below N1,000/$ in April and is now hovering around N1,585/$. Despite the current gains, a recent survey conducted by the CBN reveals that Nigerian businesses expect the Naira to weaken further before seeing a more robust recovery in late 2024 or early 2025.

The CBN Business Expectations Survey, which involved over 1,600 Nigerian businesses, indicated that while there is concern about the Naira’s immediate future, the majority of businesses remain optimistic.

The survey also noted that despite the CBN injecting millions into the forex market, many businesses still anticipate the Naira to weaken in July and August, as well as over the next three months.

While the Naira has shown strength against the dollar in recent sessions, the outlook for the currency remains mixed, with expectations of both short-term challenges and long-term resilience.

Mpox Poses A Major Risk To People Living With HIV – NACA

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The National Agency for the Control of AIDS has urged the public to take preventive measures against the growing threat of Mpox, in line with its dedication to ensuring the health and safety of Nigerians, particularly those living with HIV.

The Director General of NACA, Dr Temitope Ilori, said this in a statement signed by the agency’s Head of Public Relations & Protocol, Toyin Aderibigbe.

Ilori emphasized the heightened risk faced by people living with HIV, stating, “While anyone can contract Mpox, individuals with compromised immune systems, such as those living with HIV, may experience more severe symptoms.

She further added that NACA is actively monitoring the situation and collaborating with public health authorities to ensure that adequate information and resources are accessible.

She said, “Our priority remains the health and well-being of Nigerians, especially those who are most vulnerable. We are committed to providing the necessary support to help people living with HIV navigate this added challenge.”

Dr. Ilori advised the public to remain vigilant and informed, underscoring the importance of early detection and treatment.

Mpox is a rare viral zoonotic infectious disease occurring in several African countries, including the tropical rainforests of Central and West Africa. Although the precise source of the virus is still unknown, rodents, squirrels, and monkeys are thought to be involved in its spread.  The Mpox virus can spread from animal to human and from human to human.

The Nigeria Centre for Disease Control and Prevention advised the public to avoid people exhibiting symptoms, especially those with rashes or skin lesions, to stop the spread of the mpox virus.

Additionally, it urged the public to practice good hand hygiene by regularly washing hands with soap and water or using an alcohol-based hand sanitizer.

Meet The Youngest Female Chief Justice Of Nigeria, Justice Kudirat Kekere-Ekun

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Justice Kudirat Kekere-Ekun has been sworn in as the 23rd Chief Justice of Nigeria by President Bola Tinubu today, August 23, 2024, at the State House Council Chambers in Abuja.

She succeeds Justice Olukayode Ariwoola, who retired on Thursday, August 22, after attaining the mandatory retirement age of seventy years.

Early Life and Background


Hon. Justice Kudirat Motonmori Olatokunbo Kekere-Ekun, one of Nigeria’s distinguished jurists, was born on May 7, 1958, in London, United Kingdom. Her parents, both natives of Lagos State, Nigeria, instilled in her a strong sense of heritage and values.

Justice Kekere-Ekun is the eldest of eleven siblings, born to a diverse and influential family. Her father, the late Senator H.A.B. Fasinro, had a strong lineage connected to three royal families in Lagos and was a devout Muslim.

Her mother, Mrs Winifred Layiwola Ogundimu (née Savage), was a qualified public health nurse from a prominent Lagos family and embodies strong Christian values.

Educational Journey

Justice Kekere-Ekun’s educational path has been a testament to her pursuit of excellence from a young age. Beginning with private primary education, she later attended Queen’s College, Lagos in 1970.
Her passion for law led her to the University of Lagos (UNILAG) from 1977 to 1980, and subsequently to the Nigerian Law School, where she was called to the Bar in July 1981.

Demonstrating a deep commitment to continuous learning, she pursued and earned a master’s degree in law from the renowned London School of Economics and Political Science (LSE) in 1983.

Her educational accomplishments reflect her dedication to her field and position her as an inspiring figure in the legal profession.

Judicial Career


Justice Kekere-Ekun’s impressive judicial career began in December 1989 as a Senior Magistrate Grade II in Lagos. Her dedication and expertise propelled her through the ranks, and by July 19, 1996, she was appointed as a Judge of the High Court of Lagos State.

She was further recognized with her elevation to the Court of Appeal in September 2004, where she served in five different Divisions across Nigeria. Notably, she was the pioneer Presiding Justice of the Makurdi Division and later the Presiding Justice of the Akure Division.

Elevation to the Supreme Court


On July 8, 2013, Justice Kekere-Ekun was appointed as a Justice of the Supreme Court, making her the fifth and youngest female to hold this esteemed position.
Her contributions to the judiciary extend beyond her court rulings.

She is a member of the Supreme Court Rules Committee and the Chairman of the Supervisory Committee of the Litigation Department of the Court.

Her leadership roles have also included serving as Chairman of the Robbery and Firearms Tribunal, Zone II, Ikeja, Lagos, from November 1996 until the tribunal’s dissolution in May 1999.

Professional Affiliations and Contributions


Justice Kekere-Ekun is a highly influential figure in the legal community, being actively involved in several professional organizations.

These include the National Association of Women Judges, the International Association of Women Judges, and the Nigerian Institute of Advanced Legal Studies, where she holds the esteemed position of Fellow.

Notably, she has been honored as a Life Bencher by the Body of Benchers since February 8, 2018. In addition to her professional commitments, she is a member of the Ikoyi Club 1938, indicating her active participation in social and cultural activities.

Personal Life


Justice K.M.O. Kekere-Ekun has been married to Mr. Akin Kekere-Ekun since December 1983. The couple has three children, all of whom have pursued higher education and are excelling in their respective fields.
Despite the demands of her career, she has managed to maintain a strong family life, exemplifying the values of dedication, discipline, and excellence both professionally and personally.

New Study Reveals More UK Schools Removing LGBTQ+ Books After Complaints From Parents

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A recent survey found that over half of UK school librarians have been asked to remove books, many of which are LGBTQ+ titles, with parents being the main source of these requests.

A six-month investigation carried out by the Index on Censorship revealed that 28 out of 53 librarians surveyed – 53% – reported being asked to remove books. In over half of these cases, the books were taken off the shelves.

One school librarian who took part in the study was allegedly instructed to remove all books with LGBTQ+ themes following a single complaint from one parent about a specific book.

Notable titles that have faced complaints include “This Book Is Gay” by Juno Dawson, “Julián is a Mermaid” by Jessica Love, and “ABC Pride” by Louie Stowell, Elly Barnes, and Amy Phelps.

Several schools faced challenges to books, including various “Heartstopper” titles by Alice Oseman, which were criticised for homophobic language, swearing, and discussions of self-harm.


More than half of the requests for book removals came from parents.


The UK bans may be influenced by similarly intensifying book censorship trends in the US, which reached record highs last year.

Harvey Weinstein To Remain In New York Prison While Awaiting Rape Retrial

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Disgraced Hollywood mogul Harvey Weinstein will remain in custody in New York while awaiting retrial on rape and sexual assault charges in Manhattan, prosecutors have confirmed.

Weinstein made a brief court appearance related to California’s request to extradite him there.

After the New York case is complete, he will return to California to serve his pending 16-year sentence for a separate rape conviction there first, Queens District Attorney Melinda Katz said in a statement.

“Today, defendant Harvey Weinstein was formally arraigned on a governor’s warrant issued by Governor Kathy Hochul, who exercised her authority for him to remain in New York State until his case in New York County is adjudicated,” Katz said. “He will serve the California sentence first, as it is now his primary sentence.”

Weinstein, who has denied that he raped or sexually assaulted anyone, was convicted in Los Angeles in 2022 while already serving a 23-year sentence in New York.

His 2020 conviction in Manhattan was thrown out this spring by the state’s top court, which ruled that the judge in the original trial unfairly allowed testimony against Weinstein based on allegations that weren’t part of the case.

The retrial in Manhattan is tentatively scheduled for November.

The 72-year-old Weinstein, with one hand cuffed to his wheelchair and another grasping a book and a magazine, appeared in Queens criminal court for less than five minutes yesterday as his lawyers agreed that he will remain at the nearby Rikers Island jail complex. Weinstein has returned there after being hospitalized last month for health problems.

The extradition matter has been taking place in Queens, rather than Manhattan, court due to its proximity to Rikers Island.

Prosecutors in Manhattan said last month that they aim to bring new sexual assault charges against Weinstein but haven’t given more details, nor a timeline for bringing the potential new charges.

Weinstein’s lawyer Arthur Aidala suggested at the time that prosecutors’ talk of new accusers raised questions about the strength of their current case.

Two 18-year-olds Charged With Murder Of Former ‘General Hospital’ Actor Johnny Wactor

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Two 18-year-old men have been charged with murder in the killing of former “General Hospital” actor Johnny Wactor.


Robert Barceleau and Sergio Estrada were each charged Monday in Los Angeles County Superior Court, District Attorney George Gasón said at a news conference.


“The loss of this talented young actor, who was in the prime of his life and had so much to offer the world, is deeply felt by all of us,” Gascón said.


The men and two co-defendants, all of whom were arrested Thursday, were set to be arraigned on Monday afternoon. It is not clear whether any have yet retained lawyers. An email to the county public defender’s office seeking comment on the case was not immediately answered.


Wactor was shot and killed when he interrupted three thieves stealing the catalytic converter from his car on May 25. Police said the 37-year-old had left work at a downtown LA rooftop bar with a coworker when he saw three men who had hoisted his car. Police said one of them fired at him without provocation and killed him.


Barceleau and Estrada were also both charged with grand theft and attempted robbery.
Barceleau’s charges include special circumstances, including murder during an attempted robbery and personal use of a firearm, that after a conviction could lead to a life sentence without possibility of parole. Estrada’s charges have a maximum sentence of life in prison.


A third man who authorities allege were with them, Leonel Gutierrez, was charged with grand theft and attempted robbery. A fourth, Frank Olano, was charged with being an accessory after the fact.


Wactor’s death has become a rallying point for some in the city pushing for a more hardline approach to fighting crime.


A group consisting of family and friends calling itself “Justice for Johnny” held a rally last week calling for more urgency in the investigation, and another Monday morning calling for aggressive prosecution.

Somerset House Fire: Relief As Art Gallery Reopens

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The Courtauld Gallery at Somerset House has reopened to the public after a fire in the building, but the rest of the landmark remains closed “until further notice”.


About 125 firefighters were called to tackle the blaze as smoke billowed across central London on Saturday.


Visitors queued outside the gallery before it opened at 10:00 BST on Sunday, with one person saying he was “sad” to see the fire but “relieved” the art was safe.


The fire was in an area of the building that was not housing any valuable art and no injuries were reported. The cause of the blaze is still under investigation.


A fire broke out in the west wing of the building, which is mostly used for offices and storage, at about midday on Saturday.


The director of Somerset House Trust, Jonathan Reekie, said there were “no valuable artefacts or artworks” in that part of the building.

Veteran Actor Wale Ojo To direct New Film ‘This Is Not A Nollywood Movie’

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Nollywood veteran, Wale Ojo, is set to direct a new film, This is Not a Nollywood Movie, the actor announced in a social media post on August 17, 2024.


“Presenting my second directorial feature, ‘This is Not a Nollywood Movie.’ This satirical film is an explosive comedy that promises its way to your hearts through joy and laughter,” he wrote in the caption of the video.


Ojo began his acting career as a child actor in the UK television series, Othello. He came into the limelight in 1995 for his role in The Hard Case.


In 2012, he won the Nigeria Entertainment Awards for Best Actor for his leading role in Phone Swap. He’s also popularly known for his comedy series, Meet the Adebanjos, which bagged him a nomination for Best Actor in a Comedy at the Africa Magic Viewers Choice Awards (AMVCA) in 2018.


Ojo has featured in several movies ever since, including Half of a Yellow Sun, Big Man, A Letter from Adam, When Love Happens, Ojukokoro, Lara and the Beat, and Breath of Life which earned him a Best Lead Actor award at this year’s AMVCA.


He founded the New Nigeria Cinema project, an initiative aimed at improving the quality and global reach of Nigerian films. Ojo is also a dedicated advocate for education and the arts, often participating in workshops and mentoring young talents.

NNPC Pledges 221,000bpd To Repay $5.5bn Loans

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The Nigerian National Petroleum Company (NNPC) Limited said it has pledged 221,000 barrels per day (bpd) of crude oil to meet its debt financing obligations, totaling $5.5 billion.

Data obtained from the 2023 Audited Financial Statement (AFS) of the national oil firm indicated that 90,000 barrels per day was pledged to service a $3.3 billion loan for Project Gazelle Forex stabilisation arranged and coordinated by the African Import Export Bank (AfreximBank).

The company also said it also pledged another 35,000bpd for a $1 billion loan to finance the Acquisition of Dangote Refinery equity stake (now fully repaid) while 67,000 barrels per day was pledged to service a $1 billion debt for the rehabilitation of old and new Port Harcourt Refinery, with 210 barrels per day refining capacity.

NNPCL Posts N3.3trn Net Profit, N2.1trn Dividend For 2023

For Projects Brogues and Eagle 2, the report showed that 8,000bpd and 21,000bpd were pledged as payment for $0.3 billion and $0.950 billion loans to finance OML 86/88 Acquisition (now fully repaid) by the NNPC E&P Limited (NEPL) and General Corporate Purpose loan to NEPL respectively.

The NNPCL announced the release of its 2023 Audited Financial Statement (AFS) on Monday, declaring a net profit of N3.297 trillion at the close of the financial year, which ended in December 2023.

This indicated an increase of N700 billion or 28 per cent compared to the 2022 profit of N2.548 trillion.

NNPCL Posts N3.3trn Net Profit, N2.1trn Dividend For 2023

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The Nigerian National Petroleum Company (NNPC) Limited has declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023.

This indicated an increase of N700 billion or 28 per cent compared to the 2022 profit of N2.548 trillion.

The NNPC announced the release of its 2023 Audited Financial Statement (AFS) in Abuja on Monday, saying it was targeting 2mbpd crude oil production by December 2024.

NNPCL Promises To Surpass 1.78MB/D Budget Target

Chief financial officer of the company, Umar Ajiya, who made these, said the NNPC Ltd will announce Initial Public Offer (IPO) once the shareholders and Board make a decision.

“Our fiscal performance reflects both strategic foresight and operational resilience. Despite inherent challenges of our operational and economic environment, we have improved the productivity and the financial performance of this great company,” Ajiya stated.

He added that the results demonstrated NNPC Ltd’s commitment to sustaining profitability and supporting the attainment of national energy security as stipulated by the Petroleum Industry Act (PIA) 2021, and by extension, as expected by the oil company’s shareholders.