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Naira Plunges to N1,825 Against Dollar Despite EFCC’s Intervention

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Tuesday, the naira dipped further, trading at N1,825 to a dollar, despite efforts by the Economic Financial Crimes Commission (EFCC) to disrupt the activities of perceived manipulators and speculators.

On Monday, it was reported how the anti-graft agency raided the well-known Abuja Zone 4 market, shooting at Bureau De Change operators to stop the naira’s rapid decline.

But, less than 24 hours after EFCC raided BDC operators in Abuja, the naira continued its rapid decline, dipping from N1,700 against the dollar to N1,825 to a dollar 24 hours later.

This came as the naira hit an all-time low against the dollar and pound sterling in Nigeria’s history, despite efforts by the Central Bank of Nigeria to salvage the free fall of the naira.

Though the naira had been on a downward trend against the dollar before Mr Tinubu assumed office last May, the naira’s freefall accelerated following the floating of the currency.

In September, the naira exchanged at N1,000 to one dollar at the parallel market. This historic dip spotlighted the weakness of Mr Tinubu’s efforts to manage the national currency amid runaway inflation.

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In July, the Association of Nigerian Licensed Customs Agents (ANLCA) complained that floating the nation’s currency had caused a drop in vehicle importation in the nation’s ports.

The currency fell to N1,520.123 to a dollar on January 31, according to Naira Rates.

This is against the currency’s depreciation to N1,482.75 per dollar recorded in the official foreign exchange market on January 30, amounting to a N38 depreciation for the naira under 24 hours.

The fall made it the first time after the COVID-19 pandemic that the official exchange rate was higher than the parallel market exchange rate, which traded at N1,470 per dollar from N1,425 on January 29.

The monetary policy of President Bola Tinubu’s government played a huge role in the further downward slide of the naira after he floated the currency.

Mr Tinubu’s economic policy scrapping fuel subsidy and collapsing multiple foreign exchange windows into the single Importer and Exporter, or I&E window, drastically depreciated the naira’s value by 98 per cent, a report by the Price Water Coopers stated.

The top global business advisory audit firm said in its report ‘Nigeria’s Economic Outlook: Seven Trends That Will Shape Nigerian Economy in 2024’ that Mr Tinubu implemented policies that had the domino effect of devaluing the naira by nearly 100 per cent but appealed to foreign investors as the move was projected to improve the economy in 2024.

On September 26, the naira witnessed an unprecedented historical low, dipping to N1000 against the U.S. dollar. Since then, the currency has lost 17 per cent of its value.

The persistent decline of the naira is a source of concern and a spotlight on the challenges associated with President Bola Tinubu’s fiscal policies.

Despite the far-reaching consequences, including inflation and diminished economic purchasing power, Mr Tinubu has undertaken what his cabinet refers to as strategic moves, such as the petrol subsidy removal, which was met with resistance and scepticism but reflects an attempt to reduce the government’s financial burden and promote a more market-driven economy as well as the decision to adopt a clean float foreign.

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Northern Youth Group Backs Doguwa for Kano APC Leadership, Urges National Role

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The Northern Youths Merger Groups under the All Progressives Congress (APC) has congratulated Hon. Umar Haruna Doguwa on his election as the APC State Chairman in Kano.

In a statement, the group’s National Coordinator, Hon. Musa Mujahid Zaitawa, described Doguwa as a hardworking and experienced politician capable of leading the party to victory.

The group highlighted Doguwa’s track record, noting his four-time leadership of political parties in Kano, as well as his service in two commissioner roles. According to the group, his vast experience will significantly contribute to the success of the APC.

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The Northern Youths Merger Groups also called on APC stakeholders to nominate and support Doguwa for appointment as Chairman of the APC States Chairmen Forum, which comprises representatives from all 36 states and the Federal Capital Territory.

They expressed confidence that such an appointment would strengthen efforts toward securing victory for President Bola Ahmed Tinubu and the APC in the 2027 general elections, particularly in the North-West region.

The group further noted that the North-West zone is expected to deliver massive votes in the 2027 elections, describing it as one of the APC’s strongest strongholds with seven sitting governors.

They emphasized that Doguwa’s leadership, experience, and political influence would play a crucial role in ensuring the party’s success in both the presidential and gubernatorial elections.

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Kwankwaso to Join ADC on Monday

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Rabiu Musa Kwankwaso

 

By Yusuf Danjuma Yunusa

The Kwankwasiyya Movement has announced that former Kano State governor, Rabiu Musa Kwankwaso, will formally defect to the African Democratic Congress (ADC).

In a statement released on Saturday, the movement confirmed that Kwankwaso is expected to complete his registration with the party on Monday, 30 March 2026, in what observers describe as a significant shift in Nigeria’s political landscape ahead of future elections.

The announcement signals a new chapter for the influential northern politician and his loyal political base, widely known as the Kwankwasiyya Movement, whose backing could reshape party alignments and electoral calculations nationwide.

 

The full statement reads

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PRESS STATEMENT
FOR IMMEDIATE RELEASE
Date: 28th March, 2026

The Kwankwasiyya Movement wishes to formally inform all its members across Nigeria and the general public that our Supreme Leader sanetor Rabiu Musa Kwankwaso has concluded all necessary arrangements to join the African Democratic Congress (ADC).

In furtherance of this decision, he will officially register with the party on Monday, 30th March 2026, at his residence, Gidan Kwankwasiyya, Miller Road, Kano, by 12pm.

Consequently, all members of the Kwankwasiyya Movement are hereby directed to proceed and register with the African Democratic Congress (ADC) in their respective wards, local government areas, and states immediately thereafter. Members are also encouraged to fully engage in all party activities and contribute actively toward the growth, development, and success of the party at all levels.

This strategic decision, as always, has been taken in the best interest of the movement, our state, and the nation at large. It reflects our unwavering commitment to the advancement of democratic values, good governance, and the collective aspirations of the people.

We emphasize that democracy must be protected, and the will of the people must always be respected.

The Kwankwasiyya Movement remains resolute, united, and committed to building a better and more inclusive Nigeria.

Signed
Dr. Habibu Sale Mohammed
Spokesperson
Kwankwasiyya Movement

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Radiographers Kick Against Controversial Health Bills, Demand Immediate Withdrawal

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The Association of Radiographers of Nigeria (ARN) has strongly opposed the proposed Dental Practitioners Act (Repeal and Re-enactment) Bill, 2026 (HB 2695), warning that its passage could destabilise Nigeria’s healthcare system and undermine the professional autonomy of radiographers.

The position was made known by the National President of the association, Musa Y. Dambele PhD, during a press briefing held at the Nigeria Union of Journalists Secretariat in Kano on Saturday.

Addressing journalists, Dambele described the bill as a “calculated and existential threat” to radiography practice in Nigeria, alleging that it is designed to transfer regulatory authority from the Radiographers Registration Board of Nigeria to the Medical and Dental Council of Nigeria.

 

Dambele highlighted Section 8(1) of the proposed bill, which contains a “notwithstanding clause” granting the MDCN overriding authority over other regulatory bodies.

According to him, the provision directly conflicts with the Radiographers (Registration, etc.) Act, Cap R1, LFN 2004, effectively stripping the RRBN of its statutory mandate.

“The clause is designed to create jurisdictional supremacy and dismantle the existing regulatory structure governing radiography in Nigeria,” he stated.

 

The ARN President also faulted Section 47 of the bill, which defines radiology as encompassing all aspects of diagnostic imaging.

He argued that such classification amounts to a deliberate attempt to subsume radiography under medicine, stressing that radiography is a distinct scientific discipline involving imaging technology, radiation physics, and patient safety.

He warned that the provision could lead to the “legal erasure” of radiography as an independent profession and place practitioners under the control of a council lacking relevant expertise.

 

 

Dambele further raised concerns over Section 8(1)(k), which empowers the MDCN to regulate the use of ultrasound, laser systems, and radiofrequency-based devices.

He maintained that these technologies are core components of radiographic practice and are not exclusive to any single profession.

He cautioned that restricting access to such tools could create workforce shortages, limit specialised services, and reduce patients’ access to essential diagnostic and therapeutic procedures.

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On disciplinary matters, the ARN President criticised Sections 30 to 32 of the bill, which propose tribunals composed entirely of medical and dental practitioners to adjudicate cases involving all registered health professionals.

He argued that this arrangement violates the constitutional right to fair hearing, noting that professionals cannot be judged impartially by competing disciplines.

Dambele also opposed Section 18(3), which mandates that a significant percentage of professional fees be shared with external bodies, including the Nigerian Medical Association.

He described the provision as “financial exploitation” and a form of regulatory overreach.

 

The ARN President further alleged that the proposed legislation, alongside HB 2699, represents a coordinated attempt to weaken radiography through what he described as a “pincer movement.”

According to him, while HB 2695 seeks to erode internal regulatory control, HB 2699 aims to impose external constraints that could cripple the profession.

 

Dambele expressed concern over provisions that expand the powers of the Minister of Health to influence the composition and leadership of regulatory boards, warning that such measures could politicise professional regulation.

He also criticised attempts to dilute the authority of the RRBN in appointing its Registrar, describing it as an erosion of institutional independence.

Furthermore, he opposed the inclusion of loosely defined “community interest” representatives in regulatory boards, arguing that healthcare regulation should remain technical, evidence-based, and competence-driven.

 

Citing global best practices, Dambele noted that in countries such as the United Kingdom, Canada, and Australia, healthcare professions are regulated independently to ensure accountability and professional competence.

He warned that adopting contrary measures in Nigeria could set a dangerous precedent, trigger inter-professional conflicts, and weaken healthcare delivery systems.

The ARN, he added, aligns with other health sector stakeholders, including the Joint Health Sector Unions, as well as professional bodies in medical laboratory science and physiotherapy, in opposing the bill.

 

Dambele said the association is calling on the National Assembly to:

Reject the bill in its current form

Uphold the principle of professional self-regulation

Remove provisions enabling external control and dominance

Retain the statutory powers of the RRBN, particularly in appointing its Registrar

Convene a stakeholders’ summit to develop a harmonised regulatory framework in line with international standards

 

The ARN President emphasised that radiographers play a critical role in delivering diagnostic and therapeutic services, including X-rays, ultrasound, CT scans, MRI, radiotherapy, and nuclear medicine.

He warned that any attempt to centralise control under a single profession could compromise patient safety and reduce the quality of healthcare delivery.

 

Dambele reiterated the association’s commitment to defending the integrity of the profession and called on Nigerians to support efforts aimed at preserving a balanced and effective healthcare system.

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