News
The Federal Govt has Announced a Nine-month Grace Period for Citizens to Deposit Dollars Without Facing Any Penalties.

In a significant development for Nigeria’s financial landscape, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced a new policy aimed at facilitating the repatriation of foreign currency held outside the banking system. During a press briefing following the National Economic Council meeting, Edun revealed that Nigerians possessing dollars outside of formal financial institutions will have a nine-month grace period to bring these funds back into the banking system. Notably, individuals complying with this directive will not face legal liabilities or financial penalties during this timeframe.
This policy comes at a crucial time when the National Economic Council is addressing various economic challenges facing the nation. In his address, Edun provided updates on key financial accounts, noting that the Excess Crude Account currently stands at $473,754.57, while the Natural Resources Fund is recorded at ₦26,105,837,627.67, and the Stabilization Account holds ₦36,299,452,763.62.
Furthermore, the Minister highlighted the government’s ongoing economic relief measures, which have reportedly benefited 25 million Nigerians through various federal social protection initiatives. These initiatives encompass digital outreach, microenterprise loans, and targeted support across sectors such as power, agriculture, manufacturing, health, and compressed natural gas (CNG).
Edun also acknowledged that fluctuations in the foreign exchange market are contributing to rising costs, driven by demand and supply dynamics. He assured that details of the new program will be released imminently, a collaboration between the federal government and the Central Bank, which is set to commence on October 31 and run for the stipulated grace period.
This initiative reflects the government’s commitment to stabilizing the economy and enhancing the financial inclusion of Nigerians by integrating previously unbanked foreign currency into the formal financial system. As the implementation of this policy unfolds, stakeholders will be keenly observing its impact on Nigeria’s economic recovery efforts.
News
UNICROSS Students Protest “No Fees, No Examinations” Policy.

Yesterday witnessed a demonstration at the University of Cross River State (UNICROSS) as students voiced their strong opposition to the recently implemented “No Fees, No Examinations” policy. The policy, which prevents students with outstanding fees from participating in examinations, has ignited widespread discontent amongst the student body.
Protesting students marched across campus, carrying placards and voicing concerns regarding the financial burden imposed by the university. Slogans like “Education is a Right, Not a Privilege” underscored the core argument against the policy.
Student representatives articulated the financial hardships faced by many, emphasizing the need for alternative solutions that do not impede academic progress. The university’s silence on the matter, exemplified by the refusal of University spokesman Onen Onen to comment, has further fueled student frustration. The situation remains unresolved, with the potential for continued unrest if a mutually agreeable solution is not reached.
News
Calls have been made for Tinubu to declare a state of emergency in Zamfara Amidst Security Crisis.

The United Democratic Coalition (UDC) has formally requested President Bola Tinubu to declare a state of emergency in Zamfara State, citing a severe degradation of security and a perceived breakdown of democratic principles. In a statement released Friday, UDC President Abdulrahman Danladi characterized Zamfara as a “state under siege,” alleging governmental abandonment of its duty to protect citizens.
The UDC highlighted the recent suspension of ten Zamfara State lawmakers, purportedly for raising concerns regarding insecurity and illegal mining, as evidence of “executive tyranny.” Drawing parallels with the recent political tensions in Rivers State, the coalition argued that the severity of the situation in Zamfara warrants immediate federal intervention to restore order and safeguard democratic institutions. The UDC proposes a six-month state of emergency to allow security forces to stabilize the region and ensure a return to constitutional governance. Furthermore, they demand the reinstatement of the suspended lawmakers and an investigation into potential executive overreach.
News
Kate Henshaw Calls Out Online Trolls for Insulting Tactics.

Nollywood actress Kate Henshaw has recently voiced her displeasure regarding the prevalent practice of online abuse on social media platforms, specifically on X (formerly Twitter). Ms. Henshaw expressed frustration with users resorting to derogatory name-calling, such as “olosho” and “prostitute,” when disagreeing with her opinions.
The actress lamented the lack of intellectual engagement in such interactions, stating that these insults are “tiring to hear.” She urged online antagonists to cultivate more intelligent and constructive responses. In her own words, Ms. Henshaw implied that such individuals have actively chosen ignorance over reasoned discourse, labeling them “dullards.”
This statement underscores the ongoing issue of online harassment and the need for more respectful and substantive dialogue in digital spaces. Ms. Henshaw’s appeal serves as a reminder that disagreement does not necessitate personal attacks and that meaningful conversations require intellectual engagement.
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