News
The Weakening Naira; Tinubu’s Criticism.
Naira Weakens, Tinubu Criticism.
A Tail of a Bloated Capacity.
Naira Weakens to N995/$ Amidst Economic Concerns: Tinubu Faces Criticism
By Peretengboro
September 23, 2023.
Abuja, Nigeria – The Nigerian Naira has taken a significant hit in the foreign exchange market, weakening to a concerning rate of N995 against the US dollar. This depreciation in the value of the Naira has sent shockwaves through the Nigerian economy, prompting criticism, concerns, and even an unusual promise of an award.
The sharp devaluation of the Naira is being attributed to a combination of economic factors and uncertainties. Nigeria, like many other countries, has grappled with economic challenges in recent years, including inflation, fiscal deficits, and the global impact of the COVID-19 pandemic. However, one name has been prominently associated with this recent decline – Bola Ahmed Tinubu.
Tinubu, a self-acclaimed economist, prominent politician, former governor of Lagos State and President of the Federal Republic of Nigeria, has been widely criticized for his role in the country’s economic management. Critics argue that his policies, or lack thereof, have contributed to the deteriorating economic conditions. They cite a lack of clear economic strategies and leadership as key factors behind the Naira’s freefall.
In a surprising turn of events, a group known as the “Naira Watchers” has promised to award Tinubu should the Naira reach the symbolic threshold of N1000/$. The group, composed of economists, financial analysts, and concerned citizens, has been closely monitoring the Naira’s performance and believes that such an award could serve as a wake-up call for Tinubu to address the economic challenges facing the nation.
The promise of an award has sparked a heated debate in the Nigerian political and economic arena. Supporters of Tinubu argue that the economic challenges facing the country are not his responsibility and that broader economic factors are at play. However, his critics insist that as the first successful businessman to become President of the country, much was expected him and hence, he should bear the bulk of the responsibility.
Economic experts are calling for urgent measures to stabilize the Naira and restore confidence in the economy. They emphasize the need for a comprehensive economic plan that addresses inflation, trade imbalances, and fiscal discipline. It remains to be seen whether President Tinubu will respond to these calls with concrete policies and actions.
In the coming weeks, all eyes will be on the Naira’s performance in the foreign exchange market. As it approaches an All-time height of N1000/$ mark, the debate over its causes and potential solutions will continue to dominate TV and print news headlines. Nigeria’s economic future hangs in the balance, and the nation awaits decisive action to address its economic challenges.
News
Great Loss As Family Announces The Painful Passing Iduwini-borne Billionaire Prince, Presley Gere Iyalahga
By: Miracle Palakia
Odimodi, Delta State – The Iyalahga and Diepregha families, Odimodi, Aghoro, and the entire Iduwini Kingdom in Delta and Bayelsa States, breaks silence on the painful loss of their son, Prince Presley Isele Gere Iyalahga, Billionaire businessman and Chief Executive Officer of Preslyn Group of Companies, who passed away on Wednesday, July 30, 2025, at the age of 48.
Prince Presley was an illustrious son of two distinguished families: His Royal Majesty Gere J. Iyalagha, (Igbedikuru-II), the late Ibenanawei of Iduwini Kingdom, Burutu Local Government Area of Delta State, and the late Regent of Iduwini Kingdom (Delta & Bayelsa States), High Chief Diepregha Akpotelemor of Gberigberi-Idumu Quarters, Aghoro-I Community, Ekeremor Local Government Area of Bayelsa State.
The former President of the Iduwini National Youth Council for Peace and Development was a respected businessman and community leader, who’s untimely demise has thrown his family, friends, associates, community, and Kingdom into deep shock and sorrow. He’s survived by his beloved wife, Princess Preye Presley Iyalagha, and six children.
The families made known the development to newsmen on Saturday, August 16th, in a statement jointly signed by Mr. Oroupade Oweibe and George Diepregha for the families and his son, Prince Peremobowei Presley Iyalagha, for the children.
According to the statement, funeral rites will take place on Friday, August 29th, 2025. At 10 a.m., the body will depart Warri via Millar Jetty to his compound in Odimodi for a brief Funeral Service, lying in state, interment.
IduwiniVoice can report that Prince Presley Iyalagha’s passing marks not only the loss of a vibrant Royal entrepreneur but that of a leader in Iduwini Kingdom and Ijaw nation. His memory remains deeply cherished by the lives he touched and all who knew him.
By: Divine Perezide
Congratulatory messages continue to pour in as Warri-borne business tycoon, and Delta Ijaw APC leader, Madam Beauty Warezuwowei makes the list of members recently appointed by President Bola Ahmed Tinubu into the reconstituted Governing Council and Board of Trustees of Hydrocarbon Pollution Remediation Project (HYREP). Reinforcing the federal government’s commitment to tackling environmental degradation in oil-producing regions, the newly appointed board members include representatives from the Niger Delta, Ogoni Communities, NGOs, and oil-producing states, with the Minister of Environment serving as Chairman of the council.
Read the statement announcing the appointment below:
“STATEHOUSE PRESS RELEASE
“PRESIDENT TINUBU ANNOUNCES MEMBERS OF THE GOVERNING COUNCIL AND BOARD OF TRUSTEES FOR HYREP
“President Bola Ahmed Tinubu has approved the reconstitution of the Governing Council and Board of Trustees of the Hydrocarbon Pollution Remediation Project (HYREP), with the Minister of Environment serving as Chairman of the Council.
“The other members are Loanyie Barituka Victor, who represents the Non-governmental Organisations focused on the environment, Bright Onyebuchi Jacob, and Henry Obiabure, who represent the Niger Delta communities.
“Professor Barinedum Michael Nwibere and Barrister Baride Abdul Gwezia are the representatives of the Ogoni Community on the new Council.
“The nine oil-producing states have two representatives on the Council: Gideon Onyebuwa Melfor and Dr Ibikunle Omotehinse.
“There are four alternative members of the Council, representing Ogoniland and the Niger Delta: Rev. Canon Dr Abraham Olungwe, who was reappointed and Engr. Maeba Power Ekpobari are the alternate members of the Council representing Ogoniland. Joseph Akedesuo and Beauty Warejuowei represent the Niger Delta.
“President Tinubu also reconstituted the HYREP Board of Trustees, with Emmanuel Nwiika Deeyah reappointed chairman.
“Fred Mbombo Igwe and Dr. Fred Barivule Kpakol will represent Ogoni communities and stakeholders on the board. Mrs Dorcas Amos represents the other Niger Delta communities, while Chief Jide Damazio, who was reappointed, represents the NGOs dealing with environmental issues.
“Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
“August 11, 2025”
The appointment of Warejuwowei into the board of the HYREP, an office marking the renewed poise at restoring the badly polluted environments in the Niger Delta and advancin Ogoniland’s remediation efforts, has been applauded by people from across the region, adding that she will surely deliver meaningful contributions towards the successes of the agency and the federal government.
By: Favour Bibaikefie
Commendations pour in from across Africa as renowned Delta State-born peace and development advocate, Comrade (Chief) Mulade Sheriff, has succefully defended his researh for Doctor of Philosophy (Ph.D.) in International Relations at the Delta State University (DELSU), Abraka.
A United Nations Peace Ambassador, environmentalist, human rights activist, sports enthusiast, entrepreneur, educational promoter, and social leader, Dr. Mulade is the National Coordinator of the foremost civil rights organisation, Centre for Peace and Environmental Justice (CEPEJ), also known as the Africa 4 Peace Centre.
This remarkable academic feat once again demonstrates his unwavering zeal for intellectual excellence, further cementing his reputation as a visionary leader committed to peace, justice, and development, through the instrumentality of the pursuit and acquisition of knowledge.
As he takes this leap from local, state, and national engagements to a more pronounced presence on the international stage, Nigerians can look forward to the far-reaching impact of his knowledge, which promises to translate into global opportunities for the nation and beyond.