Good Evening. Here is today’s News Brief fromThe Matrix:
1. Naira Sheds N1.26 Against Dollar At Official Window, Gains At Black Market
The Nigerian currency, the naira, depreciated further against the American dollar at the official window on Tuesday, August 19, 2025.
2. PenCom Bars Seven Mortgage Banks, Halts RSA Equity Funding”
The National Pension Commission (PenCom) has taken decisive action by blacklisting seven Primary Mortgage Banks (PMBs) and suspending the processing of Retirement Savings Account (RSA) equity contributions linked to them.
3. Ex-Convict Rearrested In Delta, Six Days After Prison Release
The Delta State Police Command has arrested a man barely six days after completing a two-year jail term for stealing a motorcycle.
4. Alaafin’s 48-Hour Ultimatum Is an ‘Empty Threat from A Dead Empire’ — Ooni’s Aide
The Ooni of Ife’s spokesperson, Moses Olafare, has dismissed the 48-hour ultimatum issued by the Alaafin of Oyo, Oba Abimbola Owoade, calling it an “empty threat from a dead empire.”
5. Ose Anenih Quits PDP, Steps Back from Politics
Ose Anenih, son of the late PDP leader Chief Tony Anenih, has resigned from the party.
6. Gunmen Kill 13 Worshippers In Katsina Mosque Attack
At least 13 worshippers were gunned down at dawn on Tuesday when armed men stormed a mosque in Unguwan Mantau village, Malumfashi Local Government Area of Katsina State.
7. NCAA Bans Flight Mode, Orders Phones Off On Take-Off, Landing
The Nigeria Civil Aviation Authority (NCAA) has scrapped the use of “flight mode,” directing passengers to switch off all mobile phones and electronic devices during take-off and landing.
8. APGA Collapses Into ADC In Abia South
The All Progressives Grand Alliance (APGA) in Abia South has collapsed its structures into the African Democratic Congress (ADC), citing leadership crises and loss of relevance in the state.
9. Equities Market Slumps As Investors Lose N1.2tr In Five Hours
The Nigerian equities market dipped on Tuesday, August 19, 2025, as investors lost N1.2 trillion on the trading floor.
10. FG Vows To Replicate Lekki Deep Seaport Success Story
The Federal Government of Nigeria has announced plans to replicate the success of the Lekki Deep Seaport across Nigeria’s maritime sector, citing it as a model for transformative growth and development.
