Year: 2025

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From Strength to Weakness: The Naira’s Journey Over the Years”

The Naira’s value has fluctuated significantly over the years. In the early 1980s, the exchange rate was favorable, with $1 equivalent to approximately ₦0.550-0.647. By 1983, the rate had improved further, with $1 worth around ₦0.724-0.894. However, from the late 1980s onwards, the Naira began to depreciate steadily.

Key Factors Contributing to the Naira’s Decline:

  • Over-reliance on Oil Exports: Nigeria’s economy has historically been heavily dependent on oil exports, making it vulnerable to fluctuations in global oil prices.
  • Lack of Diversification: The country’s failure to diversify its economy has limited its ability to generate foreign exchange through other means.
  • Poor Governance and Corruption: Weak institutions, corruption, and poor governance have hindered economic growth and development.
  • Monetary Policy Challenges: The Central Bank of Nigeria’s interventions, while aimed at stabilizing the currency, have sometimes exacerbated the problem.
  • External Debt and Financing: Nigeria’s external debt and financing challenges have put pressure on the Naira.

Current State of the Naira:

  • As of August 6, 2025, the exchange rate stands at approximately ₦1,527.69 per $1.
  • The Naira has been experiencing volatility, with the Central Bank of Nigeria intervening to defend the currency.
  • The black market rate has been higher than the official rate, reflecting the demand for foreign exchange.

Potential Solutions:

  • Diversifying the Economy: Encouraging non-oil exports and promoting economic growth through diversification.
  • Improving Governance and Institutions: Strengthening institutions and promoting good governance to attract foreign investment.
  • Monetary Policy Reforms: Implementing effective monetary policies to stabilize the currency and promote economic growth.
  • Promoting Transparency and Accountability: Enhancing transparency and accountability in governance and economic management.
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The Increments In Nigeria Level Of Corruption

Nigeria’s corruption quagmire is a persistent issue that has plagued the nation for decades, with each era leaving its mark on the nation’s psyche.

Here’s a breakdown of the corruption landscape in Nigeria:Historical Context-

Abacha Era (1993-1998): General Sani Abacha’s regime was notorious for brazen corruption, with an estimated $3-5 billion looted from the nation’s treasury.-

Babangida’s Administration (1985-1993): General Ibrahim Babangida’s regime was characterized by crony capitalism and corruption, with the “IBB Boys” amassing wealth through illicit means.- Democratic Era: Corruption continued to thrive in democratic governments, with notable scandals including the Malabu Oil scandal and diversion of funds meant for healthcare and infrastructure.

Current State of Corruption- Nigeria ranks 140 out of 180 countries on Transparency International’s Corruption Perceptions Index (CPI) with a score of 26 out of 100.- Weak institutions, lack of accountability, and poor governance perpetuate corruption.- Specific cases of corruption include:- Oil Theft and Subsidy Fraud: Nigeria loses significant revenue due to rampant oil theft and fuel subsidy fraud.- Judicial Corruption: 61% of Nigerian households believe judges are likely to accept bribes.- Bribery and Extortion: Many citizens and businesses face corruption in daily transactions.- Embezzlement of PublicNigeria’s corruption quagmire is a persistent issue that has plagued the nation for decades, with each era leaving its mark on the nation’s psyche. Here’s a breakdown of the corruption landscape in Nigeria:

Historical Context

  • Abacha Era (1993-1998): General Sani Abacha’s regime was notorious for brazen corruption, with an estimated $3-5 billion looted from the nation’s treasury.
  • Babangida’s Administration (1985-1993): General Ibrahim Babangida’s regime was characterized by crony capitalism and corruption, with the “IBB Boys” amassing wealth through illicit means.
  • Democratic Era: Corruption continued to thrive in democratic governments, with notable scandals including the Malabu Oil scandal and diversion of funds meant for healthcare and infrastructure.

Current State of Corruption

  • Nigeria ranks 140 out of 180 countries on Transparency International’s Corruption Perceptions Index (CPI) with a score of 26 out of 100.
  • Weak institutions, lack of accountability, and poor governance perpetuate corruption.
  • Specific cases of corruption include:
  • Oil Theft and Subsidy Fraud: Nigeria loses significant revenue due to rampant oil theft and fuel subsidy fraud.
  • Judicial Corruption: 61% of Nigerian households believe judges are likely to accept bribes.
  • Bribery and Extortion: Many citizens and businesses face corruption in daily transactions.
  • Embezzlement of Public Funds: Cases of misappropriation continue to affect governance.

The Way Forward

Public Participation: Encouraging citizens to hold government officials accountable. Funds: Cases of misappropriation continue to affect governance.The Way Forward- Institutional Reforms: Strengthening anti-corruption agencies and improving transparency in government.- Accountability Mechanisms: Prosecuting corruption cases regardless of perpetrators’ status or position.- Promoting Transparency: Implementing robust anti-corruption frameworks and ensuring public access to government contracts and budgets.- Judicial Reforms: Strengthening judicial integrity and implementing whistleblower protections.- Public Participation: Encouraging citizens to hold government officials accountable.

Institutional Reforms: Strengthening anti-corruption agencies and improving transparency in government.

Accountability Mechanisms: Prosecuting corruption cases regardless of perpetrators’ status or position.

Promoting Transparency: Implementing robust anti-corruption frameworks and ensuring public access to government contracts and budgets.

Judicial Reforms: Strengthening judicial integrity and implementing whistleblower protections.

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They Have Finished Nigeria

Sowore Slams Government Over N712 Billion Airport Terminal RehabOmoyele Sowore, a Nigerian human rights activist and founder of Sahara Reporters, has expressed outrage over the approval of N712.26 billion for the rehabilitation of the Lagos Airport terminal. Sowore stated, “They have finished Nigeria,” suggesting that the amount was excessive and the project’s execution could be marred by corruption.Sowore’s criticism is not limited to infrastructure projects.

He has also been vocal about governance issues, zoning of the presidency, and the need for competent leadership. In an interview with Channels Television, Sowore argued that Nigeria should focus on finding a capable president, regardless of their region, rather than adhering to a rotational presidency system. He believes this approach would allow the most qualified individuals to run for office and be judged on their merits.

Some of Sowore’s notable statements and actions include:- Critique of Rotational Presidency: Sowore faults the rotational presidency system, advocating for a more merit-based approach to leadership.- Call for Open Elections: He believes every Nigerian should have the opportunity to run for office, with voters deciding based on character, experience, and vision.- Activism and Protests: Sowore has been involved in various protests, including the #EndBadGovernance protests, which led to his detention by the Department of State Services (DSS) in September 2024.- Detention and Release: Sowore was detained by Nigerian Immigration upon arrival at the Murtala Muhammed International Airport in Lagos but was later released after a brief interrogation.

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Nigeria’s Naira: Navigating the Challenges of Foreign Exchange

The Naira has been fluctuating against the US dollar due to various economic factors.

Here are some key points:- Naira Appreciation: The Naira appreciated against the dollar at the official foreign exchange market, rising to N1,531.95 from N1,533.74 the previous week, showing a strengthening of N1.79.- Black Market Rate: In contrast, the Naira remained stable at N1560 per dollar in the black market, maintaining the same exchange rate as the previous week.- External Reserves: Nigeria’s external reserves have been increasing, reaching $39.54 billion as of August 1, 2025, up from $39.36 billion on July 30.- Import Duty Exchange Rate: The Central Bank of Nigeria increased the import duty exchange rate to N1618.73 due to foreign exchange fluctuations, rising by N18 from the previous rate of N1600.32.

Economic Factors: The Naira’s value is influenced by factors such as: – Dollar Scarcity: The dollar’s growing scarcity and demand in Nigeria contribute to the Naira’s fluctuation. –

Trade Imbalance: Nigeria’s trade imbalance, where imports exceed exports, puts pressure on the Naira’s value.

– Inflation and Policy: Structural issues like rampant inflation, political instability, and inconsistent economic policies also impact the Naira’s value.These factors highlight the complexities of Nigeria’s economy and the challenges faced by the Naira in the foreign exchange market.

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“Don’t Be Left Behind: IT is a Must for Boosting Efficiency and Productivity

“Don’t Be Left Behind: IT is a Must for Boosting Efficiency and Productivity”

By: Comr. Sulaiman Abdulfatai


In today’s competitive business landscape, staying ahead of the curve is crucial. One way to do this is by leveraging Information Technology (IT) to boost efficiency and productivity. IT is no longer a luxury, but a necessity for businesses and professionals looking to stay relevant.


By incorporating IT into your work, you can:

– Automate repetitive tasks and focus on high-value activities
– Streamline processes and reduce errors
– Enhance collaboration and communication with colleagues and clients
– Gain insights and make data-driven decisions
– Improve customer service and respond quickly to inquiries

Don’t get left behind. Invest in IT and take your work to the next level. Whether you’re a small business owner, entrepreneur, or professional, IT can help you work smarter, not harder.

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The Importance of IT in the 21st Century

In today’s fast-paced, technology-driven world, Information Technology (IT) plays a vital role in driving business success, innovation, and economic growth. Here are some reasons why IT is crucial in the 21st century:

  1. Global Connectivity: IT enables global communication, collaboration, and connectivity, bridging geographical gaps and fostering international relationships.
  2. Business Efficiency: IT streamlines processes, automates tasks, and enhances productivity, allowing businesses to operate more efficiently and effectively.
  3. Innovation and Competitiveness: IT drives innovation, enabling businesses to develop new products, services, and business models, and stay competitive in a rapidly changing market.
  4. Economic Growth: IT contributes to economic growth by creating new industries, jobs, and opportunities, and improving overall productivity.
  5. Improved Customer Experience: IT enables businesses to provide personalized, responsive, and efficient services, enhancing customer satisfaction and loyalty.
  6. Data-Driven Decision Making: IT provides businesses with valuable insights and data, enabling informed decision-making and strategic planning.
  7. Cybersecurity: IT helps protect businesses and individuals from cyber threats, ensuring the security and integrity of sensitive information.

In summary, IT is essential in the 21st century because it drives business success, innovation, and economic growth, while also improving customer experience, efficiency, and decision-making.

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Terms and conditions

Saolegend Terms and Conditions

  1. Introduction
    These terms and conditions outline the rules and regulations for using Saolegend’s online store.
  2. General
    By accessing or using our website, you agree to be bound by these terms and conditions.
  3. Orders
    We reserve the right to refuse or cancel any order at our discretion.
  4. Payment
    Payment must be made in full before order processing begins.
  5. Shipping
    We strive to deliver orders promptly; however, delays may occur due to unforeseen circumstances.
  6. Returns
    Returns are accepted within 7-14 days from the date of delivery. Products must be unused and in their original packaging.
  7. Refunds
    Refunds will be processed within 3-5 business days after we receive and inspect the returned items.
  8. Product Description
    We strive to accurately describe our products, but minor variations in color, size, or appearance may occur.
  9. Intellectual Property
    All content on our website, including images, text, and logos, is owned by Saolegend and protected by intellectual property laws.
  10. Liability
    Saolegend shall not be liable for any damages or losses resulting from the use of our website or the purchase of our products.
  11. Governing Law
    These terms and conditions are governed by and construed in accordance with the laws of Nigeria.
  12. Changes
    We reserve the right to modify these terms and conditions at any time. Changes will be posted on this page.

Contact Us:

Saolegend Plaza, Balogun Fulani, Ilorin, Kwara State, Nigeria
Phone: 07054548220
Email: officialsaolegend@gmail.com

By using our website or making a purchase, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions.

Please customize this template to fit your specific business needs and comply with Nigerian laws and regulations.

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3rd Mainland Bridge: Lagos’ Iconic Landmark

The 3rd Mainland Bridge is indeed an iconic landmark in Lagos, Nigeria. It’s impressive to know it’s the longest bridge in West Africa and the second-longest in Africa.

The bridge plays a crucial role in connecting the mainland to the island, facilitating transportation and commerce in the region.

Some notable facts about the 3rd Mainland Bridge include:- Length: Approximately 11.8 kilometers (7.3 miles) long- Importance: Eases traffic congestion and improves connectivity between the mainland and island areas of Lagos- Economic impact: Enhances trade and commerce by providing a vital transportation Link the 3rd Mainland Bridge is a significant infrastructure project that showcases Nigeria’s engineering capabilities and commitment to development.

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Artists are NOT SLAVES , When you sign people , know they will grow and go live their own Life . We are not in the colonial era “. Olamide

“ Artists are NOT SLAVES , When you sign people , know they will grow and go live their own Life . We are not in the colonial era “. Olamide “My artistes are not my boys , they are my brothers , they are my family .

They are supposed to live their lives , they are not supposed to be enslaved . If you want to show people love , show them love , if you want to support them , support them . Don’t do things to hold them down , no it’s not good “l Olamide Bro Olamide has a different kind of heart .

This man is truly a legend . When you have a kid you want them to grow for real . Moral lesson : Baddo is KING .

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“Behind Closed Doors: Protecting Your Children from Manipulation and Abuse”

Dear Parents and School Owners: Not Every Teacher Deserves Your Trust

There’s a teacher I once worked with—
No, I won’t mention his name.
But what he does has left a bitter taste in my soul.
He is fond of inviting femal3 students—girls who haven’t even graduated—to his house.

Yes.
During school breaks… after school…
He finds a way to sn3ak them in.

He claims they’re helping him with house chores.
Really? Chores?
Why only femal3 students?
What happened to the boys? Don’t they know how to sweep or wash?

Let’s be honest. This is not about chores. This is about control. Manipulat!on. Possibly abu$e.

I’m not inside that house. I don’t know what happens behind closed doors.
But I know this: It is wrong. Deeply wrong.

These are young girls—
Innocent. Naive.
Still under their parents’ roof.
They don’t know what they’re walking into.
They think it’s just kindness… they think it’s just help…

But some of these teachers—
They play the long game.
They give the girls special treatment in school.
Call them “my favorite.”
Let them skip punishm3nt.
Laugh too much with them.
They build trust… just to trap.

And the worst part?
Parents don’t know.

You drop your daughter at school…
Thinking she’s in safe hands.
You believe education is happening—
Meanwhile, manipulat!on is unfolding.

This is a warning.
School owners, wake up.
Set rules. Enforce them.
Teachers should never be allowed to invite students—especially of the opposite s3x—to their private homes.
No excuse. No justification.

Parents, please, know your child’s movement.
Ask questions.
Talk to your daughter.
Talk to your son.
Know who they’re close to in school.
Know who is giving them gifts.
Who is calling them “special.”

If something feels off, don’t keep quiet.
Report it.
Speak up.
Silence protects pr3dators.

So many young lives have been abu$3d.
So many destinies tampered with.
And it started with:
“He’s just helping me wash his car…”
“He said I should come and help clean…”
“He said I’m his favorite…”