Author: Seyi Godwin

Thousands of Samsung workers gathered outside the company’s foundry and semiconductor factory in Hwaseong, South Korea, on Monday, donning rain jackets and solidarity ribbons, to protest pay and benefits. The three-day general strike, led by the National Samsung Electronics Union, affects over 5,200 workers from factory facilities, manufacturing, and development. The strike comes after failed negotiations between the union and management since January, with the union rejecting a 5.1% pay raise offer. “Today’s general strike is just the beginning,” said Son Woo-mok, union head. “We are now at a critical crossroads.” The union, representing over 30,000 members, demands improvements to…

The Nigerian Meteorological Agency (NiMet) has issued a weather alert predicting thunderstorms and rains across the country from Monday to Wednesday. According to the agency, Monday will see thunderstorms over parts of Kebbi, Kano, Katsina, Sokoto, Zamfara, Taraba, and Kaduna states, while the North Central region will experience rains in the morning and thunderstorms in the afternoon. Tuesday’s forecast shows partly cloudy conditions in the northern region, with prospects of afternoon thunderstorms in several states, including Gombe, Bauchi, Borno, and Katsina. The North Central region will experience cloudy conditions with afternoon thunderstorms, while the southern region will have morning rains…

The black market exchange rate for the US dollar to the Nigerian naira for July 7th stands at N1520 for buying and N1530 for selling, according to sources at the Bureau De Change (BDC). Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market, and individuals seeking to engage in forex transactions are advised to approach their respective banks. In other news, the CBN exchange rate for the dollar to naira stands at N1516 for buying and N1517 for selling. Please be aware that forex prices can vary and may differ from the rates provided…

President Bola Tinubu’s leadership of the Economic Community of West African States (ECOWAS) has been extended for another year. The unanimous decision was made at the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government, which took place at the State House in Abuja on Sunday ¹ ². In his acceptance speech, Tinubu expressed his commitment to continue serving the region, stating, “I have accepted to continue to deliver on this service with the great men and women on this democratic journey, to serve our interest and build democratic values on the structure we inherited” ¹.…

The Lagos Parallel Market (Black Market) has set the exchange rate for the US dollar to the Nigerian naira at N1525 for buying and N1534 for selling, according to sources at the Bureau De Change (BDC) on Saturday, July 6th, 2024. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals who want to engage in Forex to approach their respective banks. Here are the current exchange rates: – Dollar to Naira Black Market Rate Today: – Buying Rate: N1525 – Selling Rate: N1534 – Dollar to Naira CBN…

Nigeria has been plunged into darkness as the national power grid collapsed at 3 pm on Saturday, July 6, 2024. This is the third grid collapse in 2024, a year that has seen a fair share of power outages ¹. The Enugu Electricity Distribution Company (EEDC) has confirmed the development in a statement. According to the statement, all interface stations at the Transmission Company of Nigeria (TCN) are out of supply, leaving the company unable to provide services to customers in Abia, Anambra, Ebonyi, Enugu, and Imo States ². The EEDC statement read in part: “The Enugu Electricity Distribution Company…

German football legend Toni Kroos has penned a heartfelt message to fans following his team’s quarter-final exit from the 2024 European championships. Germany was defeated 2-1 by Spain on Friday, marking Kroos’ final game in professional football. In an emotional Instagram post, Kroos expressed his gratitude to fans and reflected on his return to the national team last year. He wrote: “29.09.2023 my phone rang. Caller: Julian Nagelsmann Request: return to the national team. First thought in my mind: I’m not stupid! The first thought in my heart: fuck yeah! The heart decided to know.” Kroos praised the team’s progress,…

Senator Adams Oshiomhole, representing Edo North, has clarified that the All Progressives Congress (APC) is not involved in the crisis surrounding the Peoples Democratic Party (PDP) primary election in Edo State. Oshiomhole stated that the law prohibits APC from interfering in PDP’s internal conflicts, emphasizing that the issue is purely an intra-party matter. He made this statement while speaking with journalists in Abuja yesterday. “This is purely PDP intra-party, and I think the lesson is very clear, namely that parties must be encouraged to obey the laws that regulate the conduct of primaries,” Oshiomhole said. He further explained that another…

Afrobeats superstar Davido’s legal battle with his first baby mama, Sophia Momodu, over their daughter Aurora Imade Adeleke’s custody has taken a new turn. Momodu has filed a 102-paragraph counter affidavit through her legal team, Anthony Idigbe SAN and Dr Bimpe Ajegbomogun, in response to Davido’s lawsuit seeking joint custody and unrestricted access to their daughter. Davido had claimed he has consistently fulfilled his financial responsibilities towards their child’s well-being, despite Sophia’s alleged unreasonable demands aimed at harassing and frustrating him. However, Momodu’s legal team has debunked these allegations, stating that Davido has chosen not to see their daughter since…

The black market dollar to naira exchange rate for July 4th, 2024, has been revealed. According to sources at Bureau De Change (BDC), the exchange rate at Lagos Parallel Market (Black Market) stands as follows: – Buying rate: N1515 – Selling rate: N1520 It is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals seeking to engage in Forex transactions to approach their respective banks. Meanwhile, the official CBN rate stands at: – Buying rate: N1510 – Selling rate: N1511 Please be aware that forex prices can…