Shockwaves are reverberating across Yorùbáland and the global Yorùbá diaspora following the sudden death of the Baba Ọba (King’s Father) of the famed Oyotunji African Village in South Carolina, USA. The late Baba Ọba, Lukman Arohunfale, a revered socialite and traditionalist, passed away under circumstances already sparking fierce controversy. His death comes just days after he publicly accused the newly installed Alaafin of Oyo, His Imperial Majesty Oba Akeem Adéyẹmọ Owoade, of allegedly ordering his courtiers to beat him mercilessly during a recent courtesy visit to the Oyo palace in Nigeria. In a widely circulated voice recording, the deceased recounted how what was meant to be a simple homage turned violent. Although the Baba Ọba had reportedly battled ill health in the past year, growing insinuations suggest that the alleged physical assault may have aggravated his condition, ultimately leading to his untimely death. The palace in Oyo recently denied that s...
Nigeria's currency is still taking heat. The Naira fell to a new low of 414 against US dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting further pressure in the forex market this week.
The development came days after the CBN had banned nine commercial banks from the forex market for failing to remit the NNPC's $2.334bn into the TSA in line with official directives.
The naira was sold for 414/dollar across some black market segments in Lagos and Abuja on Sunday.
The development came days after the CBN had banned nine commercial banks from the forex market for failing to remit the NNPC's $2.334bn into the TSA in line with official directives.
The naira was sold for 414/dollar across some black market segments in Lagos and Abuja on Sunday.
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