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Naira Appreciate Against US Dollar in Continuum

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The naira continued appreciation against the United States dollar at the official foreign exchange on Tuesday.

Central Bank of Nigeria data showed that the Naira further firmed up to N 1,351.02 against the dollar on Tuesday, up from N 1,354.26 traded the previous day.

This means that on a day-to-day basis the Naira gained N3.24 against the dollar.

Similarly, at the black market, the Naira appreciated by N5 to N1450 per dollar, up from N1455.

The development comes as the apex in a notice signed by its director of the trade and exchange department, directing banks to sell a maximum of $150,000 per week to licensed Bureau De Change operators.
DAILY POST reports that the country’s external reserves remained high at $47.03 billion as of 6th February 2026.

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Breaking News: President Bola Ahmed Tinubu Appoints New NAHCON Chairman

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President Bola Tinubu has nominated Amb. Ismail Abba Yusuf as the new Chairman/CEO of the National Hajj Commission, NAHCON.

This is contained in a statement by his Special Adviser on Information and Strategy, Bayo Onanugu, on Wednesday.

The statement said the appointment is subject to the Senate’s approval in accordance with the provisions of section 3(2) of the NAHCON Act, 2026.

President Tinubu sent a letter today to the Senate President, Godswill Akpabio, requesting the expeditious confirmation of Ambassador Yusuf to replace Professor Abdullahi Usman, who resigned this week, after about 14 months in the post.

Yusuf is a seasoned Nigerian career diplomat who served as the Nigerian Ambassador Extraordinary and Plenipotentiary to the Republic of Türkiye from 2021 to 2024.

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2 Suspects Arrested for Alleged Murder of Brother in Imo State

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Operatives of the Imo State Police Command have arrested two brothers, Lucky and Uzoma Amadi, for allegedly killing their elder brother, Orindu, and burying his body in a shallow grave in Mbaitoli Local Government Area of the state.

The suspects were said to have concealed the alleged crime by repeatedly telling community members that their elder brother had travelled.

Suspicion, however, grew in the community after the brothers reportedly gave conflicting accounts of Orindu’s whereabouts, while all attempts to reach him on the phone failed. This prompted youths of the area to storm the Amadi family compound on Tuesday morning, demanding an explanation from the duo.

An eyewitness, Chidiebube Okeoma who spoke to journalists said the brothers allegedly confessed to the killing in a bid to avoid being lynched by angry youths. According to him, the suspects claimed that Orindu was responsible for the death of their father about 10 years ago under what they described as questionable circumstances.

Following the confession, the suspects reportedly led the youths to a shallow grave within their compound, where Orindu’s remains were exhumed. Okeoma said the situation quickly degenerated, with the youths threatening to carry out jungle justice on the brothers.

“It took the timely intervention of policemen from the Mbieri Police Division to save them,” Okeoma said, adding that a private citizen had alerted the police to the unfolding crisis.

The suspects have since been taken into police custody, while investigations into the incident are ongoing.

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