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Naira To Dollar Exchange Rate Today, March 23, 2026

The Nigerian currency, the Naira, began the week on a relatively stable note, trading at about ₦1,356.74 to the dollar at the official window on Monday, following days of mild fluctuations in mid-March.

Figures from the Nigerian Foreign Exchange Market indicated that the exchange rate has recently moved within a band of ₦1,344 to ₦1,370, with intraday highs touching ₦1,362.00, while average closing rates hovered around ₦1,355.

The currency’s performance has been supported by a more favorable economic environment, particularly Nigeria’s rising external reserves, which are estimated to be close to the $50 billion mark.

A key driver of this improvement is steady crude oil production, currently averaging about 1.46 million barrels per day, alongside relatively strong global oil prices.

Policy direction from the Central Bank of Nigeria has also contributed to the stability.

The bank has maintained a tight monetary stance, keeping interest rates elevated in a bid to curb inflation, which has eased slightly to around 15.10 percent.

Investor confidence has further strengthened after the apex bank confirmed that 30 major financial institutions met the new capital requirements ahead of the March 31 deadline, reinforcing stability in the financial system.

Overall, the Naira’s current position reflects a mix of cautious optimism and improving macroeconomic indicators, even as market watchers remain alert to global and domestic pressures.

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Soludo Bows To Pressure, Orders Refund Of ‘Sit-At-Home’ Salary Cuts

The Anambra State Government, led by Chukwuma Soludo, has agreed to refund civil servants whose February salaries were wrongly deducted over Monday sit-at-home absences.

This was disclosed by the state chairman of the Trade Union Congress, Chris Ogbonna, who said the decision followed urgent intervention by the union after widespread complaints from affected workers.

The controversy arose after the government introduced a pro-rata salary policy in February 2026, linking workers’ pay to attendance as part of efforts to curb the Monday sit-at-home observed in the state, often associated with the Indigenous People of Biafra.

However, many civil servants reported severe and inconsistent deductions.

At the Jerome Udoji Secretariat in Awka, workers lamented that the cuts did not correspond with the number of Mondays missed, with some receiving drastically reduced pay.

Ogbonna acknowledged the discrepancies, assuring that the government has commenced steps to refund all excess deductions.

He noted that the move reflects the administration’s responsiveness to workers’ concerns.

“The government has agreed to refund those who were over-deducted. This came after our intervention, and we believe the process is already underway,” he said.

Beyond the salary issue, the TUC also appealed to the government to consider refunding contributions made by workers under the state’s pension scheme.

While Ogbonna rated the administration’s overall performance positively, the development has sparked fresh conversations about the implementation of the attendance-based salary policy.

When contacted, the state Commissioner for Information, Law Mefor, said he was yet to confirm the refund but promised to liaise with the Accountant-General for clarification.

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Disu Moves To Rein In Police Excesses, Orders Cut In Tactical Units — Not Total Disbandment

The Nigeria Police Force has clarified that the Inspector-General of Police, Olatunji Disu, did not order the scrapping of all tactical units as widely reported, but rather directed a strategic reduction of such teams nationwide.

In a statement issued by the Force Public Relations Officer, Anthony Placid, the police described reports of a total disbandment as misleading and a misinterpretation of the IGP’s directive.

According to the Force, while the IGP acknowledges public concerns over the excesses of tactical teams, he also recognises their vital role in crime prevention and enforcement operations across the country.

Drawing from his experience in various command positions, Disu expressed concern over the unchecked proliferation of these units, noting that it has weakened manpower at police divisions and contributed to misconduct due to poor supervision.

To address these challenges, the IGP has ordered that tactical teams be streamlined — with a maximum of five units at the Zonal and State Command levels, and no more than three at Area Command and Divisional levels.

The police explained that this restructuring may involve merging or disbanding some units, depending on operational needs and the discretion of command heads.

The directive, however, does not affect state-established security outfits such as the Rapid Response Squad in Lagos, the Special Response Squad in Oyo, and Operation DOO-AKPOR in Bayelsa.

The Force added that the move is aimed at redeploying officers to police stations to strengthen grassroots policing and improve public trust, while curbing the excesses associated with loosely supervised tactical teams.

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NLC Rejects N6 Trillion Power Bailout, Demands Overhaul Of Electricity Sector

The Nigeria Labour Congress has rejected the proposed N6 trillion bailout for electricity generation companies, describing it as an ineffective response to the persistent crisis in the power sector.

In a statement issued on Sunday in Abuja, the NLC President, Joe Ajaero, said repeated financial interventions have failed to deliver meaningful improvement in electricity supply across the country.

He argued that the bailout reflects deeper structural problems in the sector and insisted that public funds should not continue to be used to sustain what he described as a fundamentally flawed system.

According to him, Nigerians continue to suffer from high electricity tariffs and persistent blackouts despite years of government spending in the sector.

Ajaero called for urgent reforms, including the merging of the Ministries of Petroleum and Power into a single Ministry of Energy, to improve coordination and efficiency.

He explained that the current separation of responsibilities contributes to inefficiencies, particularly in gas supply for thermal power generation.

The labour leader also stressed that electricity should be treated as a social service rather than a profit-driven commodity, arguing that such an approach would ensure affordability and improved access for citizens.

He urged the Federal Government to suspend the proposed bailout and instead convene a national stakeholders’ summit to develop a sustainable, people-centred roadmap for the power sector.

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2027: Kwankwaso Hosts Obi, Makinde, Dickson In Kano

 

Rabiu Kwankwaso hosted prominent opposition figures including Peter Obi, Seyi Makinde, and former Bayelsa State Governor Seriake Dickson at his Kano residence during Sallah celebrations.

The gathering, which took place on Sunday, was described as a moment of goodwill and festivity, with Kwankwaso sharing photos of the visit on his verified X account.

He noted that the meeting was a joyful Sallah celebration, extending wishes of peace, blessings, and prosperity to Nigerians.

The high-profile visit has, however, attracted political attention due to the presence of leading opposition figures from different political blocs, fueling renewed speculation about possible alignments ahead of the 2027 general elections.

Obi, Makinde, and Dickson were seen engaging with Kwankwaso in what observers describe as a symbolic display of political camaraderie.

The development comes amid increasing political consultations across party lines, as opposition figures continue strategic engagements ahead of the next election cycle.

Kwankwaso had earlier held similar private discussions with Governor Makinde in Ibadan in February 2026, further intensifying conversations around potential coalition building.

While the gathering was officially framed as a Sallah celebration, it has added fresh momentum to ongoing political realignments within Nigeria’s opposition landscape.

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BREAKING: Man City Sink Arsenal 2-0 To Lift Carabao Cup In Wembley Triumph

Manchester City's Belgian midfielder #11 Jeremy Doku (C) and teammates celebrate on the pitch after the English League Cup final football match between Arsenal and Manchester City at Wembley Stadium in London on March 22, 2026. City won the game 2-0. (Photo by Glyn KIRK / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video em

Manchester City claimed the Carabao Cup title on Sunday after a 2–0 victory over Arsenal in the final at Wembley Stadium.

The breakthrough came in the second half after Arsenal goalkeeper Kepa Arrizabalaga made a costly error, allowing a cross from Rayan Cherki to slip through his hands. Midfielder Nico O’Reilly capitalised to put City ahead.

O’Reilly struck again just minutes later to seal the win, securing Manchester City’s ninth League Cup title.

The result also handed manager Pep Guardiola a record fifth Carabao Cup triumph, further cementing his dominance in the competition.

Arsenal struggled to recover from the setback as City controlled proceedings to close out a comfortable victory at Wembley.

The defeat denies Arsenal a chance to end their cup drought, while Manchester City continue their strong domestic cup legacy under Guardiola.

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Shettima Arrives Lagos To Brief Tinubu After Maiduguri Terror Attack

Vice President Kashim Shettima has arrived in Lagos to brief President Bola Ahmed Tinubu on the security situation in Maiduguri, following a recent on-the-spot assessment of the affected communities in Borno State.

Shettima’s visit comes in the aftermath of the deadly suicide bombings in Maiduguri, which left at least 23 people dead and over 100 others injured in coordinated attacks at multiple locations.

According to updates shared via his verified X handle, the Vice President’s trip to Maiduguri was carried out on the directive of the President to engage directly with victims, families, and communities impacted by the violence.

He is expected to formally present his findings and observations to President Tinubu during the Lagos briefing.

Following the meeting, Shettima is also expected to lead a delegation of serving governors on a Sallah homage visit to the President.

The attacks, which occurred in the evening, targeted the Monday Market area, the Post Office Flyover, and a security post near the University of Maiduguri Teaching Hospital, causing widespread panic and destruction.

Medical officials confirmed that survivors are receiving treatment for varying degrees of injuries at the University of Maiduguri Teaching Hospital.

During his earlier visit to the hospital, Shettima condemned the attacks as “barbaric,” insisting that no justification exists for the killing of innocent civilians.

He reaffirmed the federal government’s commitment to supporting victims through the National Emergency Management Agency, the North East Development Commission, and the Borno State Government.

The Vice President also vowed that the administration would intensify efforts to restore lasting peace to the North-East, stressing that those behind the attacks would be brought to justice.

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Nigerian Army Opens 2026 Recruitment, Mandates NIN, BVN For Applicants

The Nigerian Army has announced the commencement of applications for its 91 Regular Recruits Intake for tradesmen/women and non-tradesmen/women, as part of efforts to strengthen its manpower base.

According to a statement released via the Army’s official X handle on Sunday, online registration will begin on March 30, 2026, and close on May 17, 2026.

The Army advised interested Nigerians to apply through its official recruitment portal: https://recruitment.army.mil.ng⁠�.

It explained that the exercise follows the successful conduct of the 90RRI in 2025 and is aimed at recruiting qualified individuals into various units of the force.

Successful applicants will undergo intensive military training and may enjoy career benefits including structured advancement, pension schemes, and opportunities for national service.

On eligibility criteria, the Army stated that applicants must be Nigerian citizens by birth, with age limits set at 18 to 22 years for non-tradesmen/women and 17 to 25 years for tradesmen/women.

It also specified minimum height requirements of 1.68 metres for males and 1.58 metres for females.

Applicants are required to possess valid identification, including the National Identification Number (NIN) and Bank Verification Number (BVN), as part of measures to ensure transparency and curb fraud.

The Army further stressed that the recruitment exercise is free of charge and warned applicants against falling victim to fraudsters demanding payment for forms or assistance.

The institution reiterated its commitment to building a disciplined and professional force to enhance national security.

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Tinubu Secures French Military Backing After Phone Call With President Macron

President Bola Ahmed Tinubu has disclosed that Nigeria is set to receive military equipment and training support from France following a recent phone conversation with French President Emmanuel Macron.

The President made this known on Sunday during a meeting with state governors at his Ikoyi residence in Lagos, where he is observing the Eid-el-Fitr holidays after returning from a brief state visit to the United Kingdom.

According to Tinubu, the Federal Government is intensifying efforts to strengthen the country’s security architecture by leveraging international partnerships and existing lines of credit to acquire modern military equipment and training.

He noted that his discussion with Macron forms part of a broader diplomatic push to rally global support in Nigeria’s fight against terrorism and other security threats.

“In a lengthy discussion with President Macron, we secured collaboration on equipment and support. We are also reaching out to other nations willing to assist us with both training and military hardware,” he said.

Tinubu described insecurity as a critical challenge confronting his administration, stressing the need for collective commitment from all levels of government to overcome it.

He added that discussions during his recent UK visit also focused significantly on defence cooperation and the procurement of military equipment, underscoring the importance of international alliances in tackling terrorism.

The meeting with governors comes in the wake of the recent Maiduguri bomb attacks, which left several persons dead and many others injured.

In response, the President had earlier directed security chiefs to relocate to the affected area and intensify operations.

Vice President Kashim Shettima had also visited victims receiving treatment, reaffirming the government’s commitment to supporting those affected and strengthening counter-terrorism efforts.

Beyond security, Tinubu raised concerns over the potential economic impact of the ongoing Middle East crisis, warning that it could trigger inflation, increase fuel prices, and worsen the cost of living for Nigerians.

He urged state governors to prioritise the welfare of vulnerable citizens, noting that while progress has been made, more needs to be done to cushion economic hardships.

The President also extended condolences to Babagana Zulum and the people of Borno State over the recent attacks, reaffirming his administration’s resolve to invest in advanced technology and equipment to defeat terrorism.

Nigeria continues to grapple with multiple security challenges, including insurgency in the North-East, banditry in the North-West, and other criminal activities across the country.

Tinubu, however, expressed confidence that with sustained collaboration and strategic investment, the nation will overcome these threats.

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Enugu Police Nab 24-Year-Old For Rape, Attempted Murder Of Pregnant Woman

 

The Enugu State Police Command has arrested a 24-year-old man, Ugwu Desmond, for the attempted murder and rape of a pregnant woman in Affa community, Udi Local Government Area.

The incident, which occurred on the night of March 14, 2026, has been described by authorities as a deeply disturbing attack on a 30-year-old woman who was returning home from a neighbour’s residence along a quiet track road in Amokwo-Affa.

In a statement made available to DAILY GAZETTE on Sunday in Enugu by the Command’s Public Relations Officer, SP Daniel Ndukwe, the victim was reportedly ambushed from behind by the suspect, who was armed with a cutlass.

He allegedly forced her to the ground, attempted to strangle her, and covered her mouth to prevent her from raising alarm.

The assailant then dragged the victim into an uncompleted building, where he threatened to kill her if she resisted, before forcefully raping her and inflicting injuries.

Despite the trauma, the victim managed to report the incident to the police at about 6:15 a.m. on March 15, prompting a swift response from operatives of the Affa Police Division.

The suspect was subsequently apprehended.
Police authorities confirmed that the victim was immediately taken to a hospital for medical examination and treatment.

Investigators also processed the crime scene, recovering key exhibits, including the weapon allegedly used in the attack and clothing with suspected blood and seminal stains.

The suspect has reportedly confessed to the crime.

The Commissioner of Police, Mamman Bitrus Giwa, condemned the incident, describing it as unacceptable and assuring the public that justice will be served.

He directed a thorough investigation and stated that the suspect would be arraigned in court upon its conclusion.

Giwa further urged residents to remain vigilant and report suspicious activities promptly, noting that community awareness plays a critical role in preventing crime.

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