The naira dropped for the first time on Thursday across official and parallel foreign exchange markets.

The Central Bank of Nigeria’s data showed that the Naira depreciated slightly to N1,443.90 against the dollar on Thursday, down from N1,442.92.

This means that the Naira weakened marginally by N0.98 against the dollar on a day-to-day basis.

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Similarly, the Naira depreciated at the black market by N5 to N1,470 per dollar on Thursday from N1,465 since Monday.

The development comes after the naira recorded three straight appreciations against the dollar, gaining N10.92 against the dollar.

Meanwhile, the apex bank data showed that the country’s foreign reserves surged to $44.56 billion as of 26th November 2025, up from $44.26 billion on 21st November.

The Economic and Financial Crimes Commission, EFCC, has invited former Attorney-General of the Federation and Minister of Justice, Abubakar Malami for questioning.

Malami announced the development on his Facebook page on Friday, confirming that he had received a formal invitation from the anti-graft agency.

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“I would like to inform my family and friends that I have been summoned by the EFCC to provide clarification on certain matters, and as a law-abiding and patriotic citizen, I am determined to honour this invitation without any hesitation,” he wrote.

The Senate on Thursday confirmed Hon. Ayo Omidiran, a former member of the House of Representatives, as the Executive Chairman of the Federal Character Commission (FCC).

At the same time, 37 commissioners representing the 36 states and the Federal Capital Territory (FCT) were approved.

The confirmation followed the adoption of the report by the Senate Committee on Federal Character and Inter-Governmental Affairs, presented by Chairman Senator Allwell Heacho Onyesoh.

He informed the Senate that all nominees had successfully passed thorough screenings, submitted required documents—including Code of Conduct Bureau (CCB) clearances, police reports, DSS vetting, and curriculum vitae—and had no criminal petitions filed against them.

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The Senate conducted a state-by-state review in the Committee of the Whole, which was adopted when lawmakers returned to plenary.

Senate President Godswill Akpabio, addressing the chamber after the unanimous confirmation, urged the appointees to serve with dedication and uphold public trust.

“Go and serve in the interest of the nation. I congratulate all the nominees and wish them a successful tenure,” he said.

Notable appointees include Peter Ogbonna Eze (Enugu State) and AbdulWasiu Kayode Bawa-Allah (Lagos State), while Mohammed Musa was retained as Secretary of the Commission.

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Other confirmed commissioners are: Obinna Oriaku (Abia); Lawal Ya’u Roni (Jigawa); Abubakar Atiku Bunu (Kebbi); Eludayo Eluyemi (Osun); Bema Olvadi Madayi (Adamawa); Dora Ebong (Akwa Ibom); Nnoli Nkechi Gloria (Anambra); Babangida Adamu Gwana (Bauchi); Sir Tonye Okio (Bayelsa); Aligba Eugene Tarkende (Benue); Engr. Modu Mustapha (Borno); Dr. Stella Odey Ekpo (Cross River); Ederin Lovette Idisi (Delta); Barr. Nwokpor Vincent Nduka (Ebonyi); Hon. Victor Sabor Edoror (Edo); Hon. Sola Fokanle (Ekiti); Ibrahim Baba Mairiga (Gombe); Hon. Jerry Alagbaoso (Imo); Ruth Jumai Ango (Kaduna); Muhammad Awwal Nayya (Kano); Hon. Anas Isah (Katsina); Bello Idris Eneye (Kogi); Dr. Ibrahim Abdullahi (Kwara); Alh. Isah Jibrin (Niger); Comrade Ajimudu Bola (Ondo); Prince Ayodeji Aleshinloye (Oyo); Hon. Pam Bolman (Plateau); Aaron Chukwuemeka (Rivers); Alh. Aminu Tambar (Sokoto); Bobboi Bala Kaigama (Taraba); Hon. Jibir Maigari (Yobe); Sani Garba (Zamfara); and Solomon Ayuba Dagami (FCT).

The Senate expressed confidence that the newly confirmed FCC leadership will enhance the commission’s capacity to promote equitable representation across Nigeria’s public institutions.