Author: TheLagosianMagazine

The National Agency for Food and Drug Administration Control has promised “hard times” to producers of adulterated beverages following the arrest of one Anthony Chidi inside the Mile 3 Market in the Diobu area of Port Harcourt, the state capital. The Public Relations Officer, South-South Zone, NAFDAC, Cyril Monye, disclosed this in a statement on Wednesday. Monye said the man aged 52 was caught inside the popular market washing used bottles of various brands of alcoholic beverages. Speaking earlier, Director, NAFDAC South-South Zone, Chukwuma Oligbu, reiterated the agency’s commitment to clamping down on perpetrators of such illicit acts. Oligbu said,…

By Jimmy Fatunbi Experts have predicted that the price of Premium Motor Spirit (petrol) may reduce to as low as #700 if the crude oil prices continue to slip and the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or 1.6 per cent, to settle at $71.62 a barrel, while the United States West Texas Intermediate crude fell $1.39, or two per cent, to settle…

Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it stood at $38.46bn. “This decline can be linked to CBN’s efforts to stabilise the naira, particularly through the resumption of payments for the verified portion of the outstanding $7.0bn foreign exchange backlog,” the analysts said. They went on to project that “in March, we anticipate…

By Oriade Agunbiade Lagos, Nigeria — The police in Lagos have arrested a self-proclaimed church pastor, Prophet Whepetoji Babaniyah, for the gruesome murder of Ogunbode Kodri Adedamola Olasunkami, a young man who went missing on January 16, 2025. The shocking case has exposed yet another instance of ritual killings disguised under the cover of religious practice. According to reports, Ogunbode had informed his girlfriend that he was heading to church that day. When he failed to return home, she raised the alarm, insisting that he had gone to worship as planned. Her insistence led to a police investigation that eventually…

In his address to Muslims, President Bola Tinubu called on Nigerians to unite in prayer and action for the nation’s continued growth and development, seeking Allah’s guidance and protection. The President also encouraged Muslims to strengthen their bonds with Allah and one another. He said, “Ramadan is a time for deep reflection, renewed devotion to Allah, and acts of compassion and generosity toward humanity. “It is a season of spiritual rejuvenation, self-discipline, and empathy for the less fortunate. Let us use this period to strengthen our bonds with Allah and one another, fostering unity and peace in our communities.” The…

The Sultan of Sokoto, Sa’ad Abubakar III, has declared that Ramadan will start today. Speaking from his palace, Abubakar announced that the crescent moon was sighted evening of February 28, corresponding to the 29th day of Shaban. The Sultan urged all Muslims to dedicate the holy month to prayers, seeking Allah’s blessings and guidance for the nation and its leaders. He said the widespread reports of the moon sightings from various regions of the country were verified and accepted by the council, confirming the commencement of Ramadan 1446. “We must encourage acts of charity and the importance of supporting the…

By Sola Ojewusi The African media landscape has lost a pioneering icon as Chief Mrs. Anike Agbaje-Williams, the first-ever African to appear on television, passed away peacefully on Wednesday, February 26, 2025, at the age of 88 in Ibadan, where she had lived for most of her life. Born Anike Kuforiji on October 23, 1936, she etched her name in history as the first face to grace Africa’s first television broadcast on the Western Nigerian Television (WNTV) in Ibadan—both during its test transmission and official opening on October 31, 1959. She was also the first voice to be heard on…

BY RASHIDAT AJAKAYE STRIDA If I were not a virgin, I would have kissed you for twenty minutes, my nipples would sleep beneath yours, and my eyes shall stare into your sockets just as a mother to her son. If I were not a virgin, I would give you my eyes and you shall have my attention all seconds. Even in my bathroom, I shall summon you to rub my raw backs. If I were not a virgin, I would have slept right beside you, in pure nudity, pantless and unclothed. Even before the heavy protocols of family rites, I…

Lawyer to Senator Natasha Uduaghan, Bar Victor Giwa, has faulted the Senate President, Godswill Akpabio, over his failure to notify his client about the reallocation of her Senate seat, describing the action as a violation of the Senate’s Standing Rules. Speaking on Arise TV over the matter, Giwa emphasized that under Order 25 of the Senate’s Standing Orders, it is the Senate President’s responsibility to ensure due process is followed in such matters. He said, “When a Senator’s seat is reassigned, it is the duty of the Senate President to ensure that the Clerk of the Senate formally communicates such…

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed confidence in the Central Bank of Nigeria’s foreign exchange policies, stating that they are yielding positive results and aligning the naira closer to its fair value. Rewane expressed his thoughts on the Global Business Report show on Arise TV on Monday. The naira has been strengthening across the official and parallel markets in recent weeks. It closed Monday’s trading at 1503.63/$ at the Nigerian Foreign Exchange Market Window and 1,500.00/$ at the parallel market. Rewane explained that a Purchasing Power Parity analysis placed the fair value of the naira…