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Bad Market: Naira falls to all time low against Dollars

The naira is approaching N2000 per dollar, following three consecutive days of depreciation in the foreign exchange market as of Thursday. According to FMDQ data, the naira further weakened to N1639.41 per dollar on Thursday, down from N1625.88 on Wednesday, marking a N13.53 drop in value.

In the black market, the naira also depreciated, falling by N25 to N1660 per dollar on Thursday, compared to N1640 on Wednesday.

The current black market rate of N1660 per dollar is now just N340 short of the N2000 per dollar threshold.Reports indicate that the naira has been steadily losing value since Tuesday, except for Monday when it stood at N1585.77 per dollar.

This decline comes amid the Central Bank of Nigeria’s implementation of the Retail Dutch Auction System.

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13th Women AFCON: Super Falcons to know group stage opponents on Friday

Nine-time champions Nigeria will know their opponents for the group phase of next year’s Women Africa Cup of Nations competition when the draw is conducted at the Technic Centre of the Mohamed VI Football Complex in Sale, outside Rabat, Morocco on Friday evening.

The field of 12 finalist-teams will be framed into three groups of four teams each, with the top two teams in each group, as well as the best two third-placed teams in the three groups, advancing to the quarter-finals of the competition scheduled for Morocco.

Of the 12 previous tournaments held since Nigeria hosted the inaugural in 1998, the Super Falcons have been victorious nine times, with Equatorial Guinea winning twice and South Africa sweeping to victory in the last edition, also hosted by Morocco in July 2022.

All the four top-placed teams in that last edition are also in the field of 12 this time, viz Cup holders South Africa, hosts Morocco, Zambia and Nigeria.

Also qualified are Ghana, Algeria, Botswana, Democratic Republic of Congo, Tunisia, Senegal, Tanzania and Mali.

The 13th Women Africa Cup of Nations finals will take place 5th – 26th July 2025.

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NFF holds match commissioners’ seminar in Asaba

All is set for the Nigeria Football Federation’s match commissioners’ seminar (southern conference) for this year, which is billed to take place at the Stephen Keshi Stadium, Asaba, Delta State on Friday.

Chairman of the NFF Match Commissioners’ Appointment Committee, Alhaji Babagana Kalli, told thenff.com that the Chairman of the NFF Technical and Development Committee, Alhaji Sharif Rabiu Inuwa, will represent the NFF President, Alhaji Ibrahim Musa Gusau and declare the programme open on Friday morning.

Former Vice Chairman of the Imo State Football Association, Sir Emma Ochiagha and Secretary of the NFF Match Commissioners’ Appointment Committee, Mr. Danlami Alanana are the resource persons for the one-day event.

Alanana disclosed that the objective of the seminar is to re-acquaint the match commissioners in the Nigeria National League (NNL), the Nigeria Women Football League (NWFL) and the Nationwide League One (NLO) with both the rudiments and the fine points of match reporting, and to also emphasize the high importance of credible match reporting, as organizers always rely on their match reports to take decisions in case of crises or controversies.

Last year’s southern conference seminar (the first of its kind) was held in Abeokuta, Ogun State, while the northern conference seminar took place in the city of Kano. 

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Simon Ekpa to be extradited to Nigeria – Defence

The Nigerian Defence Headquarters has confirmed that Simon Ekpa, the self-proclaimed prime minister of the Indigenous People of Biafra (IPOB), will be extradited to Nigeria to face charges of terrorism brought against him.

Director of Defence Information, Brig Gen Tukur Gusau, disclosed this on Thursday night, adding that the Chief of Defence Staff, Gen Chris Musa, is pleased with Ekpa’s arrest in Finland, hoping it will pave the way for his extradition to Nigeria to face justice.

Gusau wrote: “CDS is happy with his arrest in Finland, with the hope this will be a step towards his extradition to Nigeria so that he will face justice.”

Ekpa’s arrest is connected to allegations of using social media platforms to spread separatist propaganda linked to IPOB, promoting violence against civilians and authorities in southeastern Nigeria.

The Finland district court in Lahti ordered his remand on probable cause for public incitement to commit a crime with terrorist intent in Nigeria, with offences dating back to August 23, 2021.

Additionally, Ekpa has been investigated for alleged financial crimes, including collecting funds through questionable means.

Four other suspects, accused of financing terrorism, are believed to have committed crimes in August 2022 in Lahti.

The Nigerian Government has been seeking Ekpa’s extradition, and the Defence Headquarters’ announcement makes it a good development in the case.

Ekpa’s extradition is expected to facilitate his trial in Nigeria, addressing concerns about his alleged role in promoting violence and separatism.

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HP Wolf Security Launches Advanced Physical Cyberattack Protection for Business Introducing HP Enterprise Security

Edition: Comprehensive Safeguards Against Hardware and Firmware TamperingLagos, Nigeria – November 21, 2024 – HP Inc. (NYSE: HPQ) has unveiled the HP Enterprise Security Edition, a revolutionary suite of security features designed to protect HP business-class PCs from targeted physical cyberattacks.

This innovative solution offers robust multilayered defense for hardware and firmware, coupled with unparalleled visibility into potential tampering throughout the device lifecycle.With the rise of hybrid work and Work from Anywhere (WFA), the risk of physical cyberattacks has surged. Attackers exploiting brief physical access to PCs pose significant threats to organizations.

A recent survey reveals that over 51% of IT Security Decision Makers (ITSDMs) are concerned about their inability to detect hardware or firmware tampering during transit. HP Enterprise Security Edition addresses these vulnerabilities, empowering IT teams to detect and prevent unauthorized alterations while safeguarding devices from persistent threats.

Key Features of HP Enterprise Security Edition1. Firmware LockA user-controlled lock at the firmware level, used alongside HP Sure Admin. When activated, this feature employs HP Sure Admin’s cryptographic, password-free authentication, preventing unauthorized access even if the device is left unattended.

This lock offers significantly stronger protection than traditional operating system locks.2. Platform CertificatesDigital certificates validate the integrity of critical hardware and firmware components, such as processors, memory, BIOS, or PCIe devices.

This ensures that no unauthorized modifications occur, enhancing overall device security.3. Sure Start Virtualization ProtectionPre-boot protection isolates malicious or compromised third-party hardware—such as devices connected via Thunderbolt™/USB-C or PCIe ports—within a micro-virtual machine.

This safeguards the device from firmware contamination and prevents attackers from exploiting vulnerabilities.—Revolutionizing PC SecurityDr. Ian Pratt, Global Head of Security for Personal Systems at HP Inc., stated:> “Physical attacks are typically well-planned, often linked to nation-state campaigns or corporate espionage. However, the growing underground market for corporate network access is driving opportunistic attacks—exploiting moments of vulnerability, like unattended PCs in public spaces.”Dr. Pratt emphasized the importance of hardware security:> “By compromising hardware or firmware, attackers can establish a nearly undetectable foothold, gaining long-term access to sensitive networks and data.

HP Enterprise Security Edition provides critical defenses to prevent these threats, while equipping IT teams with the tools to validate device integrity.”—Strengthening Resilience and VisibilityHP Enterprise Security Edition empowers organizations with:

Enhanced Platform Integrity: Protects hardware and firmware layers beneath the operating system.Supply Chain Risk Mitigation: Validates hardware and firmware integrity before onboarding.

Lifecycle Security Governance: Maintains control over device security from deployment to retirement.

These measures ensure businesses can confidently secure sensitive data, enabling hybrid work without compromising security.—Availability

The HP Enterprise Security Edition will be available for select HP PC platforms.—About HP Inc.HP Inc. (NYSE: HPQ) is a global technology leader delivering innovation that connects people and ideas.

Operating in over 170 countries, HP offers sustainable solutions across personal computing, printing, 3D printing, hybrid work, and gaming. Visit www.hp.com for more information.

About HP Wolf SecurityHP Wolf Security provides world-class endpoint protection with hardware-enforced solutions that safeguard PCs, printers, and users from cyber threats. Learn more at www.hp.com/wolf.Media Contact:THOP for HPAdeola – adeola@wearethop.com

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Federal High Court Adjourns Labour Party’s Suit on Rivers Lawmakers’ Defection to January 2025

PDP Urges Caution from Police as It Prepares for Upcoming Rivers Local Government Elections

The Federal High Court sitting in Port Harcourt, Rivers State, has adjourned until January 21, 2025, to deliver a ruling on several applications in a case filed by the Labour Party (LP).

The suit, registered as FHC/PH/25/2024, seeks to have the seats of 27 members of the Rivers State House of Assembly declared vacant following their alleged defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

The Labour Party, represented by its caretaker committee chairman in Rivers State, Hilda Dokubo, is also asking the court to mandate the Independent National Electoral Commission (INEC) to conduct by-elections for the vacant seats, allowing all interested parties, including the Labour Party, to contest.

During the court proceedings on Wednesday, counsel for the defendants, Ferdinand Orbih (SAN), representing the embattled Speaker Martin Amaewhule and others, requested the consolidation of three separate applications.

Orbih argued that the motions all addressed similar subject matters and called for the exchange of pleadings and presentation of evidence to substantiate the claims. He urged the court to grant the consolidation request.

The Labour Party’s counsel, Clifford Chukwu, did not object to the consolidation but opposed the substance of the defendants’ applications. Chukwu argued that the defendants had failed to file further affidavits in response to the Labour Party’s counter-affidavits, effectively admitting to the facts stated in the counter-affidavits.

He urged Justice Emmanuel Obele to dismiss the motions filed by the defendants.Justice Obele, after hearing arguments from both sides, announced the adjournment of the case to January 21, 2025, for a ruling on the applications.

Speaking to journalists after the session, Chukwu emphasized the Labour Party’s stance, stating that the 27 lawmakers openly admitted their defection through various public platforms, including televised announcements.

He further revealed that affidavits and video evidence were available to substantiate the claims.

The case took another dimension as Justice Obele scheduled December 7, 2024, to hear a related suit filed by Hon. Victor Oko-Jumbo and three other lawmakers loyal to Governor Siminalayi Fubara.

This separate case also seeks to declare the seats of the defected lawmakers vacant and to restrain them from parading as members of the State House of Assembly.Commenting on the matter, Emeka Onyeka, one of the defense counsels, explained that the current proceedings focused on preliminary issues, which must be resolved before the court can address the substantive case.

He reiterated the defendants’ request for the court to order the filing of pleadings, citing the contentious nature of the issues at hand.

As the political drama unfolds, the adjournment leaves the fate of the embattled lawmakers in limbo while raising significant questions about party loyalty, legislative integrity, and the legal implications of political defections in Nigeria.

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Efe Ajagba Poised to Challenge Daniel Dubois for IBF Heavyweight Title

Nigerian heavyweight boxer Efe Ajagba has emerged as a potential challenger for Daniel Dubois’ IBF world heavyweight title.

This development follows the confirmation that Anthony Joshua’s anticipated rematch with the champion could be delayed until 2026.

The International Boxing Federation (IBF) has granted Dubois the option of an optional title defense against any top 15 ranked contender before April 22. Ajagba, currently ranked eighth and holding the WBC Silver title, has risen as a strong candidate.

Dubois’ promoter, Frank Warren, confirmed plans for the champion to defend his title in February, following indications from Joshua’s camp that they would not be ready for an immediate rematch.

“Daniel will defend his title in February, and if it’s not Joshua, then it’ll be against someone ranked in the top five,” Warren revealed in an interview with Sky Sports.Dubois, 27, captured the IBF title in September with a sensational fifth-round knockout victory over Joshua at Wembley Stadium.

The win extended his record to an impressive 22 wins, with 21 of those coming by way of knockout.

Meanwhile, Ajagba boasts 14 knockouts in 20 professional fights, with only one loss, further establishing himself as a formidable opponent for the champion.

Eddie Hearn, Joshua’s promoter, explained that the British-Nigerian boxer’s injuries from the September fight, coupled with concerns about a quick turnaround, have ruled out his availability for an immediate rematch.

Joshua, who has amassed over $200 million in his career, including $75 million from fights this year alone, is expected to return to the ring in the summer.

Warren highlighted the champion’s flexibility for his upcoming defense, noting that the bout against Joshua in September fulfilled a mandatory obligation.

“First of all, the fight Daniel had against AJ was his mandatory, so he is allowed a period, which means he can fight in February and he’s allowed up until April or May to make a voluntary defense,” Warren explained.

IBF President Daryl Peoples confirmed Dubois’ right to an optional defense, paving the way for a potential showdown with Ajagba.

Both fighters, known for their impressive knockout power and similar physical attributes, promise an explosive matchup.

The winner of the potential Dubois vs. Ajagba clash could position themselves for a lucrative unification bout against the winner of the highly anticipated Oleksandr Usyk vs. Tyson Fury rematch, scheduled for December 21 in Saudi Arabia.

That fight will see the WBC, WBO, and WBA titles on the line, further intensifying the stakes in the heavyweight division.

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