Compilations of Top 10 key latest updates you might have missed today, Wednesday November 12th, 2025
Military misplaced priorities guarding disputed Abuja land — Sowore
Human rights activist and the 2023 presidential candidate of the African Action Congress, Omoyele Sowore, has condemned the recent altercation between the Minister of the Federal Capital Territory, Nyesom Wike, and some military personnel who barred him from accessing a disputed parcel of land in Abuja.
PUNCH Online reports that in a viral video of the incident on Tuesday, Wike was seen expressing outrage at the officer’s presence, insisting that no individual, regardless of their military affiliation, was above the law.
The land in question is reportedly owned by a former Chief of Naval Staff, Vice Admiral Awwal Gambo (retd.), and the incident sparked public debate after a video showing the minister’s confrontation with the military personnel surfaced online.
Reacting to the development in a post on his X handle on Tuesday, Sowore criticised the military authorities, describing the situation as a reflection of misplaced priorities and entrenched self-interest among public officials.
Banks’ Capital Adequacy drops to 12% after forbearance withdrawal — CBN
The Central Bank of Nigeria (CBN) has disclosed that the capital adequacy ratio (CAR) of the banking industry declined to 12 per cent in July 2025, following the withdrawal of regulatory forbearance earlier granted to banks.
Capital adequacy ratio measures the financial soundness and shock-absorbing capacity of banks by comparing their capital to risk-weighted assets.
A higher ratio indicates greater ability to absorb potential losses and protect depositors’ funds.
The CBN in its monthly economic report for July, said that the industry’s CAR dropped by 1.43 percentage points from the level recorded in the previous month.
The decline, according to the CBN, was largely due to the end of temporary relief measures that had earlier allowed banks to cushion the impact of macroeconomic headwinds on their balance sheets.
Despite the moderation, the CBN stressed that the ratio remained well above the 10 per cent regulatory threshold, a sign that the banking sector retained sufficient strength to absorb shocks from credit and market risks.
Dollar to Naira exchange rate today, November 12, 2025
The naira traded slightly weaker in both official and parallel markets on Wednesday, November 12, 2025, with the Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fixing around ₦1,437 per US dollar while Lagos parallel-market dealers quoted the dollar near ₦1,455–₦1,465.
The official NFEM rate — the Central Bank of Nigeria’s volume-weighted benchmark used for large-ticket and corporate flows — was reported at about ₦1,437 to the dollar.
Meanwhile, street/parallel-market sellers in Lagos and other commercial hubs were typically selling dollars for about ₦1,455, with some outlets and data services reporting occasional trades up to ₦1,465.
Economy now predictable, stable, says Shettima
Vice President Kashim Shettima has said the era of volatility and unpredictability that once characterised the nation’s economy has ended.
He credited the ongoing reforms of President Bola Ahmed Tinubu’s administration for restoring stability and investor confidence.
Shettima spoke yesterday in Abuja at the opening of the Digital Nigeria International Conference and Exhibition.
The Vice President noted that the current administration has been compelled to take bold decisions in response to global economic uncertainties marked by “shocks, shifting alliances, and the rapid displacement of traditional jobs by emerging technologies”.
According to him, the reforms are yielding results, including the recent upgrades by global rating agencies, as indicators of the country’s improving economic track.
Wizkid’s babymama, Sola Ogudugu, beams with pride as their son, Boluwatife, makes history with his music debut.
Sola Ogudugu, the mother of music star Wizkid’s first son, Boluwatife, is elated following their son’s latest achievement.
A week ago Boluwatife had made his music debut with the release of his single, Champion Arrival.
He shared a video of himself working hard in the studio, backed by his mother, Sola Ogudugu, and his manager.
Following the release of his single, Boluwatife hit a new milestone as Champion’s Arrival debuts at 1 on music platforms, less than 5 hours after release.
According to reports, his EP, is already charting in 16 countries on Apple Music and is 71 on UK Apple Music Top Albums.
This has made him the youngest African artists to top Apple Music Nigeria Top Albums Chart.
Expressing pride in her son, Sola said that they did it, as she appreciated everyone who streamed the song.
NIPSS is Nigeria’s intellectual power house, says First Lady
The First Lady, Senator Oluremi Tinubu, has said the National Institute for Policy and Strategic Studies (NIPSS) remains Nigeria’s intellectual power house.
Mrs. Tinubu said this yesterday in Jos, the Plateau State capital, while donating N250 million to the institute’s new centre named after her.
The centre is called the Senator Oluremi Tinubu Centre for Gender Equality and Sustainable Development.
The First Lady described the NIPSS as a beacon of intellectual excellence and strategic leadership in the country.
Addressing stakeholders and 96 participants of the Senior Executive Course (SEC) 47 of the institute, Mrs. Tinubu said:
“I am delighted to join you today at this renowned institution — the National Institute for Policy and Strategic Studies (NIPSS) – a beacon of intellectual excellence and strategic leadership in our nation.
“I thank the board and management of NIPSS for inviting me to be part of today’s event.
Since its establishment in 1979, the institute has remained Nigeria’s intellectual powerhouse — shaping policies, refining leadership, and driving national conversations.
DJ Cuppy celebrates 33rd birthday in style with her dogs
Florence Otedola, professionally known as DJ Cuppy, celebrated her 33rd birthday on Tuesday, sharing heartwarming photos with her dogs, Funfun and Dudu, on social media.
In the posts, Cuppy beamed with happiness, surrounded by birthday candles showing the number 33.
She captioned the photos simply: “Level 33 Unlocked,” reflecting her gratitude for another year of life.
SDP’s Adebayo tells Tinubu: “Act on insecurity or step down
Adewole Adebayo, the 2023 presidential candidate of the Social Democratic Party (SDP), has called on President Bola Ahmed Tinubu to either take decisive action against Nigeria’s security challenges or resign from office.
Speaking at the 2025 National Electoral Reform Summit on Tuesday, Adebayo said the government must “use bullets to kill the terrorists or use the pen to resign,” urging urgent intervention amid rising insecurity across the country.
Democracy must be clean, fair, and predictable.
Leaders must govern according to the wishes of the people, or they will lose the next election,” he said.
A babe needs to gather a lot of money” – Regina Daniels says as she returns to work amidst marital drama, Toyin Abraham, others react
Nollywood actress Regina Daniels has set a new record for Gen Z women who have been divorced.
Amidst her marital troubles, the delectable screen goddess announced her return to work via her Instagram page.
Daniels shared a video of herself promoting a brand, noting that she needs to gather a lot of money.
Back to the work that should pay me because a babe needs to gather a lot of money !!!”.
Reacting to it, Toyin Abraham wrote,
Oshey omo Mercy. Type shit
BBNaija Queen wrote, “Grab all the bags, girls. That’s the type of shit we love
Adaora Ukoh wrote, “And someone is somewhere shouting rehab.
That’s diabolical type shit
One ___wendynathan wrote, “Papa married many wives.
E reach Gen Z turn, she turn am to a single father
One Ozonna wrote, “Getting to the bag type shit
One peskellina wrote, “If e reaches your turn, use 100 years heal. Go girl
Soludo will join APC – Orji Uzor Kalu
Senator Orji Uzor Kalu, representing Abia North, has confirmed that Anambra State Governor, Charles Soludo, will soon join the All Progressives Congress (APC).
Addressing journalists at the National Assembly on Tuesday, Kalu described Soludo as a progressive politician who shares similar ideals with himself and President Bola Tinubu.
He maintained that the Anambra governor’s alignment with the ruling party was inevitable given his political disposition and developmental outlook.
Kalu further stated that Soludo’s decision to join the APC reflects the growing appeal of the party across Nigeria, noting that more governors are likely to follow suit in the coming months.
