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Operatives of the State Anti-Kidnapping Unit, SAKU, Delta Police Command, have intercepted quantities of “Gbefun Hot Drink” suspected to be adulterated. SAKU, Warri, during a stop-and-search operation along the Warri–Agbarho Expressway, intercepted a Toyota Sienna conveying the drinks and arrested the 44-year-old driver on 17th August 2026. SP Edafe Bright, Police Public Relations Officer (PPRO), Delta Command, confirmed that further investigation led operatives to a warehouse at Lower Ginuwa, Warri, where additional quantities of the suspected adulterated drink, other beverages and a Suzuki Shuttle bus loaded with similar products were recovered. “The suspected operators fled on sighting the police. Efforts are ongoing to apprehend them and unravel the source and distribution...

Binance says it has stopped processing transactions involving 17 cryptocurrency-asset service providers and platforms following recent regulatory developments. In a notice to users on Saturday, the cryptocurrency exchange listed the affected entities and the dates from which transactions involving them would no longer be processed. Binance did not disclose the specific regulatory developments that prompted the restrictions across multiple countries. The exchange said the restrictions would take effect in phases. Shelbit (Shelbit General Trading LLC), which operates in the UAE and Iran, and Aban Tether Exchange, which operates in Iran, were affected from August 7. From August 13, the restrictions applied to A7 Nigeria and A7 Africa, which operate in Nigeria, as well as PilotFinance Lt...

The President Bola Ahmed Tinubu-led administration has finally unveiled a breakdown of the N15.8 trillion in savings from fuel subsidy removal and gains of other reforms over the last three years. The Minister of Finance, Taiwo Oyedele, disclosed this at a press conference on Wednesday, giving a detailed breakdown of the administration’s subsidy removal reforms. According to Oyedele, the reforms resulted in N15.8 trillion in savings that accrued to the Federation Account. He noted that the savings from fuel subsidy removal were shared among the Federal Government, states and local governments. According to him, the Federal Government received N5.43 trillion, while the states received N6.52 trillion and local governments received N3.88 trillion from the fuel subsidy removal savi...

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 18th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1415 and buy at ₦1405 on Tuesday 18th  August, 2026, according to sources at Bureau De Change (BDC). Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach...

Economists and financial analysts have explained why food prices and the cost of living continue to rise despite Nigeria recording a second consecutive decline in headline inflation in July 2026. DAILY POST reports that Nigeria’s headline inflation declined for the second consecutive month to 15.43 percent in July from 15.91 percent in June, according to the Consumer Price Index, CPI, and inflation report released by the National Bureau of Statistics, NBS, on Monday. NBS data showed that the month-on-month headline inflation rate in July 2026 stood at 1.57 percent, representing a 0.09 percentage-point decline from the 1.66 percent recorded in June. On a year-on-year basis, Adamawa State recorded the highest all-items inflation rate at 33.03 percent, while Nasarawa State r...

INEC CVR The Independent National Electoral Commission (INEC) has urged the general public to disregard information circulating on social media regarding the just-concluded Governorship Election in Osun State. The Chief Press Secretary to the INEC Chairman, Dayo Oketola, clarified on ARISE NEWS on Monday while speaking on the conduct and outcome of the poll that all electors were duly registered and were accredited at their designated polling units before they could participate in the election. He noted that the deployment of the Bimodal Voter Accreditation System (BVAS) made speculations of ghost voters impossible. Oketola, hence, warned Nigerians to desist from relying on unverified videos and information circulated on social media. “We are in an age of AI, misi...

A sum of 1,340,425,393 was allegedly removed from  Access Bank vault by some suspected hackers. The incident occurred when the bank system experienced glitches sometime early this month. The said sums were allegedly removed from the accounts of MIB TXN Bullion, Aba Branch, AIICO General Insurance Company Limited, Apogee Engineering Limited and Sims Nigeria Limited, domiciled with the bank. However, Access Bank, in a desperate bid to recover the huge loss, has approached the Federal High Court, Lagos, with an ex Exparte motion marked FHC/LAG/MISC/1168/2026, in which it listed 71 banks allegedly used by the suspected hackers to warehouse the sum as respondents. The motion, according to Access Bank, was pursuant to Order 26, Rule 6 of the (Civil Procedure) Rules 2019, Sections 6(6...

  Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation report released on Monday. This means the country’s headline inflation rate in July was 15.43 percent. Similarly, food inflation was 5.56 percent on a month-on-month basis. “In July 2026, the Headline inflation rate stood at 15.43 percent. “On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57%. “The Food inflation rate in July 2026 was 5.56 percent on a month-on-month basis”, NBS stated on X. Recall that the Central Bank of Nigeria’s Monetary Policy Committee, in July, retained the country’s interest rate at 26.50 percent. https...

Trump’s legal team has accused the BBC of harassing his family after the broadcaster sought court approval to subpoena Donald Trump Jr., Ivanka Trump and Jared Kushner in connection with the president’s $10 billion defamation lawsuit. The BBC argues that the three have relevant knowledge and records concerning Trump’s January 6, 2021 speech Lawyers representing the broadcaster have asked a Florida court for permission to subpoena Donald Trump Jr., Ivanka Trump and her husband, Jared Kushner, after reportedly being unable to serve them with the legal documents because of their Secret Service protection. The US President is in a £7.4billion legal battle with the BBC over a 2024 Panorama documentary which examined the events leading up to the Capitol riots on January 6, 2021. Footage...