News
Reps invite CBN gov for lifting forex ban on toothpicks, others

The lifting of the ban on foreign exchange for 43 items by the Central Bank of Nigeria may ruin local economy, a member of the House of Representatives, Sada Soli, warned on Tuesday on the floor of the House of Representatives.
This is just as the House invited the Governor of the Central Bank of Nigeria, Yemi Cardoso, to appear before it following the apex bank’s decision to lift the foreign exchange ban on fertiliser, cement, toothpick, and 40 other items.
The 43 items were in 2015 restricted from accessing forex at the official market rate.
CBN’s sudden decision to lift the ban comes against the backdrop of high volatility levels experienced in the foreign exchange market owing to the unification of all trading windows into the investors’ and exporters’ window (the official FX market) by President Bola Tinubu’s administration.
The apex bank had in a statement issued by its Director of Corporate Communications, Isa AbdulMumin said, “The CBN reiterates that the prevailing Foreign Exchange (FX) rates should be referenced from platforms such as the CBN website, FMDQ, and other recognised or appointed trading systems to promote price discovery, transparency, and credibility in the FX rates.”
At a plenary session on Tuesday, the Green Chamber passed a resolution to summon the CBN governor following the adoption of a motion of urgent public importance sponsored by Sada Soli, a member of the House representing Jibia/Kaita Federal Constituency, Katsina State on the platform of the All Progressives Congress.
Justifying the significance of the motion, Soli said the decision of the apex bank may lead to the closure of factories and ultimately erode the nation’s capacity to build the local economy.
In his words, it is doubtful if the new policy would make any meaningful impact on the Nigerian economy, stressing that “middlemen” may take undue advantage of it for their own good.
Contributing to the motion, a lawmaker representing Oshodi/Isolo II Federal Constituency, Lagos State, Jesse Onuakalusi, called for the immediate reversal of the policy until the House concludes a legislative action on the matter; a prayer that was rejected by the lawmakers.
An amendment to the motion by Kingsley Chinda, representing Obio/Akpor Federal Constituency, Rivers State noted that the Cardoso should appear before the House Committee on Regulatory Banking, Finance and Customs to explain the rationale behind the lifting of the ban was thereafter adopted.
News
VIDEO: Tears As Students’s Hostel Collapses

A building collapse occurred at Pentagon Lodge near the Alex Ekwueme Federal University, Ndufu-Alike, Ikwo, Ebonyi State on Friday.
Students witnessed the incident, with one student captured on video expressing concern over the lodge’s collapse, saying, “See my lodge is falling, all my properties are inside.
”A video clip of the incident, seen by Naija News House , showed the moment the three-storey building collapsed.
As of the time of filing this report, it was not clear whether there were causalities as details of the collapse are still emerging.
A student, also said that students in that particular lodge had earlier noticed the cracks on the walls and some had already moved out of the facility before the collapse.
“Only properties inside the building are likely those of students that traveled out of the town,” the source said.
Recently there were reports of building collapses in Ebonyi State, including a three-storey building under construction near the Alex Ekwueme Federal University Teaching Hospital.
In the construction building collapse, two persons were trapped and later rescued, with one labourer escaping due to stepping out to wash his hands before the collapse.
Sequel to the building collapses, the Ebonyi State government had established a special investigative committee to determine the causes of such incidents and prevent future occurrences.
The committee’s findings and recommendations aim to improve building standards and enforcement in the state.
Click here to Watch Video:
News
FG denies 12 Years Minimum Entry Age Into JSS1
Boriowo urged the public and education stakeholders to disregard any contrary claims.

The Federal Government has debunked a report claiming that the minimum age for admission into Junior Secondary School 1 (JSS1) has been raised to 12 years.
The Ministry of Education Director of Press, Folasade Boriowo, made this known via a statement issued on Friday, July 25, 2025.
Boriowo said the report was inaccurate, noting that it did not come from any official source and did not reflect government policy.Boriowo stated: “For the avoidance of doubt, the minimum age for admission into JSS1 remains 10 years.
“No child should complete primary education below the age of 10.”
Boriowo urged the public and education stakeholders to disregard any contrary claims.
News
NGE Mandates Media Organizations to set up fact-check desks in the newsroom to Fight Fake News
During the workshop, the European Union Ambassador to Nigeria and ECOWAS, Mr Gautier Mignot and the NGE President, Mr. Eze Anaba, said that newsroom managers should acquire the skills and tools for fact-checking as a way to arrest fake news, misinformation and disinformation.

Editors under the Nigerian Guild of Editors (NGE) have resolved today to henceforth set up a fact-check desk in their various newsrooms as a measure to tackle fake news, misinformation and disinformation.
The decision was reached on the occasion of a one-day workshop organised by the European Union (EU) NGE in Lagos on Thursday.
The editors said that having a Fact-Check Desk would help media organisations verify news hints, with the view to publishing only accurate information.
Other key decisions taken at the end of the workshop include:
Media organizations should organise trainings for their newsroom managers and line editors on fact-checking.
The Guild should set up disinformation counter groups across its zonal structures, ahead of the 2027 general election.
Media organizations should collaborate and reach out to each other to verify information.
Media organisations should look at the quality of their Online Editors to ensure that experienced and well-grounded journalists man the position.
The Guild should use other of its bigger platforms to address issues bordering on fake news, misinformation and disinformation.
During the workshop, the European Union Ambassador to Nigeria and ECOWAS, Mr Gautier Mignot and the NGE President, Mr. Eze Anaba, said that newsroom managers should acquire the skills and tools for fact-checking as a way to arrest fake news, misinformation and disinformation.
Mignot said that the EU was taking a multi-pronged approach to address the threats posed by misleading information, which he described as a “danger to democracy and public trust.
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