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Welcome to NowNowNaija! A key legal boost is underway to tighten how Nigeria recovers crime proceeds, promising more effective anti-corruption measures across the country.
TOP STORY
Reps Strengthen Proceeds of Crime Act for Better Recovery
The House of Representatives approved a Bill for the second reading aimed at enhancing the Proceeds of Crime Act. This law targets improving the seizure and management of assets linked to crimes, closing previous legal gaps, and protecting whistleblowers and witnesses.
This Bill could change how your community deals with corruption and illicit wealth, making it easier to recover stolen funds even when convictions are hard to secure. It means more transparent management of confiscated assets and better protection for those who come forward to expose wrongdoing. Ultimately, this could improve public trust and make it harder for corrupt money to slip through cracks, impacting everyday life by strengthening justice and accountability in Nigeria.
Source: The Nation Newspaper
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Market Trends at a Glance
USD/NGN | 1449.07 | -0.5954% |
GBP/NGN | 1921.16 | -1.2338% |
EUR/NGN | 1687.38 | -0.6605% |
Gold - Oz ($) | 3964.6 | -0.0403% |
Brent Oil ($) | 63.7 | -1.087% |
BTC-USD | 113044 | -0.9422% |
ETH-USD | 4020.67 | -2.4139% |
USDT-USD | 1.00017 | +0.0204% |
BNB-USD | 1110.4 | -2.5749% |
SOL-USD | 195.004 | -1.8807% |
Rates shown are as of 7:00 AM Lagos time.
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Politics and Economy
US Revokes Wole Soyinka’s Visa Without Explanation
The US consulate in Lagos revoked Nobel Laureate Wole Soyinka’s non-immigrant visa without giving a clear reason. Soyinka confirmed he has no criminal record or misconduct, leaving the move puzzling. Many speculate it may relate to his outspoken criticism of former US President Donald Trump and his policies.
This sudden visa revocation of a respected Nigerian icon signals how political dissent can influence international relations in unexpected ways. It reminds you how global powers’ decisions can directly affect prominent Nigerians and, by extension, the cultural ties that bind us. For ordinary Nigerians, it highlights ongoing geopolitical tensions that might shape future diplomatic engagements, travel freedoms, and the broader image of Nigeria on the global stage. This moment invites reflection on the balance between speaking truth and the repercussions it might carry beyond our borders.
Source: Thisdaylive
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What else is happening:
President Bola Tinubu has requested the Senate’s confirmation of newly appointed service chiefs, aiming to strengthen national security and ensure there are no operational gaps in leadership.
Both the INEC and the National Security Adviser have cautioned political actors against violence and voter inducement ahead of the upcoming Anambra governorship election to maintain peace and fairness.
Peter Obi has voiced serious concern about the rising cases of drug trafficking being carried out through courier services, urging authorities to strengthen monitoring and enforcement systems.
Tech and Business
MOFI Chief Calls for Africa-Led AI Solutions
Dr. Armstrong Takang from the Ministry of Finance Incorporated urges Nigeria and African nations to develop AI technologies tailored to solve Africa’s unique challenges. Speaking at Digital Africa's conference, he emphasized the need for homegrown AI that respects local cultures and languages instead of relying on foreign solutions.
This means the technology shaping the future of Africa will be designed with your daily life in mind, from language to local customs. Instead of using generic AI tools made abroad, you could see innovations that better understand your needs—whether it’s healthcare, education, or agriculture—reflecting what truly matters to Nigerians and Africans. Taking charge of data and digital tools also protects your privacy and puts control back where it belongs—in your hands, making the digital space work more fairly and effectively for you and your community.
Source: Thisdaylive
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Nearly Half of Manufacturers Struggle Accessing Official Forex
Almost 50% of Nigerian manufacturers couldn't get foreign exchange from official sources in Q3 2025, despite some reforms made earlier. The Manufacturers Association of Nigeria (MAN) reports ongoing problems with high exchange rates and scarce liquidity. At the same time, manufacturers face steep loan rates around 37%, making business expansion and job creation harder than ever.
This situation directly affects how companies produce and price goods you rely on daily. When manufacturers can't get foreign exchange easily or affordable loans, costs rise and production slows, meaning less variety and higher prices on store shelves. It also slows job growth, which impacts family incomes and local communities. This bottleneck highlights why you might see fewer new products or higher costs in the coming months, and reminds all of us of the need for policies that open credit and forex access to revitalize Nigeria’s manufacturing sector.
Source: Business News Nigeria
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What else is happening:
The collaboration between Nigeria and Nordic countries to deepen ties in green energy and digital technology promises sustainable development and innovation, marking a significant step toward cleaner and smarter growth.
Nigeria's economy shows signs of a stable growth path as investments begin to rebound across key sectors, though experts note that the pace of progress remains below expectations.
BudgIT’s latest report on states’ fiscal performance highlights Anambra, Lagos, Kwara, Abia, and Edo as the top performers in 2025, reflecting improvements in transparency and financial management.
Entertainment and Culture
Davido's Journey From Lagos Roots to Global Icon
Davido, born in Atlanta but raised partly in Lagos, has grown from a young music producer to one of Nigeria's biggest stars. Balancing education and music, he graduated in music before holding a high-profile wedding in Lagos in June 2024.
Davido’s rise shows how talent rooted in Nigerian culture can reach global heights while staying connected to home. His story inspires many young Nigerians pursuing creative careers, reminding you that blending education with passion can open doors worldwide. Celebrations like his wedding reflect the vibrancy of Nigerian culture and the pride we hold in our global icons. It’s a reminder of how you can cherish tradition while making your mark on the world stage.
Source: Tribune
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The Social Feed:
UNICEF and the JASPI Foundation have joined forces to strengthen child protection in Benue, aiming to enhance community awareness and safeguard vulnerable children across the state.
The Federal Government, in partnership with ActionAid and the World Bank, has launched a new plan to end poverty through inclusive growth, focusing on job creation, social investment, and rural development.
Popular American streamer iShowSpeed has announced his upcoming African tour set for December, expressing excitement to connect with fans across multiple countries on the continent.
⚽ Sports
Chaos Erupts as Kano Pillars Fans Attack Officials
During a recent Nigeria Premier Football League match, Kano Pillars fans stormed the pitch after a late equalizer by Shooting Stars, violently assaulting officials, players, and technical staff. The chaos forced security to intervene with teargas, leading to serious injuries and widespread condemnation.
When fans turn a football match into a battleground, it hurts everyone who loves the game. This incident doesn’t just stain Kano Pillars’ reputation but makes you question the safety and spirit in Nigerian stadiums. Whether you’re going to matches or watching from home, such violence drives away the joy and community that sport should build. You deserve to watch matches rooted in fair play and respect, not fear and threats. The future of Nigerian football depends on finding ways to protect players and fans alike, so the beautiful game reflects the vibrancy of the nation, not its worst moments.
Source: Tribune
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Sports Spotlight:
Kwara State has invested over N2 billion in sports development over the past six years, significantly improving facilities and nurturing young athletes across the state, according to official details.
Nigeria’s Super Falcons have secured qualification for WAFCON 2026 after a hard-fought draw with Benin Republic in Abeokuta, maintaining their dominance in African women’s football.
Quote of the Day
“A leader who fails to listen to his people will eventually be surrounded by those who have nothing to say.”
— Goodluck Ebele Jonathan, former President of Nigeria