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CBN: Naira to fall further in January

Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...

House of Reps demand immediate reinstatement of official sacked by President Buhari

The House of Representatives has called on President Muhammadu Buhari to immediately reinstate the sacked Director-General of the National Directorate of Employment (NDE), Nasir Argungu. The lawmakers made the call on Tuesday while adopting a motion brought under matters of urgent national importance by Olajide Olatunbosun. The motion focussed on the 774,000 temporary jobs to be created in public works, initiated by the Buhari administration. The jobs led to a disagreement between the lawmakers and the minister of state for labour, Festus Keyamo. Mr Argungu is believed to have sided with the lawmakers. The lawmakers condemned the sack of the DG whom they described as a man that stood up for the right thing to be done. President Muhammadu Buhari had last week, through his spokesperson, anno...

Senator Ngige: Ohanaeze electoral committee filled with PDP members

File Photo The Minister of Labour and Employment, Chris Ngige, has rejected the 40-man electoral committee for the election of the new Ohanaeze Ndigbo leaders. The former Governor of Anambra State dismissed the list announced on Sunday by the Ohaneze President-General, John Nwodo, as “being full of active practicing politicians who are card-carrying members of the Peoples Democratic Party.” In a statement by his media office in Abuja on Monday, titled, ‘Ngige rejects Ohanaeze electoral committee list,’ the minister described the list as “a product of non-inclusive process, overtly partisan and incapable of delivering an election that will be credible and acceptable to all.” He said, “The non-consultation of all critical stakeholders in the composition of the nominees from different states ...

Senate threatens labour ministers over absence at hearing

The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...

Senator Lawan urges South Africa to secure business interests of Nigerians

President of the Senate Ahmad Lawan has urged the South African authorities to reciprocate Nigerian Government’s gesture by ensuring that business interests of Nigerians in South Africa are secured. Mr Ezrel Tabiowo, his Special Assistant on press, in a statement said lawan made the call in Abuja on Thursday when he received a delegation led by High Commissioner of South Africa to Nigeria, Mr Thamsanga Mseleku. Other members on the delegation include: Mr Bobby Moroe, Minister Plenipotentiary; and Ms Boipelo Lefatshe, First Secretary, Political. According lawan efforts by both countries to secure the business interests of their nationals would create better chances of employment for their citizens and guarantee stronger economic prospects for Nigeria and South Africa. “For quite some time n...

Labour denies endorsing petrol price hike

Labour unions are demanding a reversal of recent hike in the petrol price and did not endorse deregulation that is anchored on price hike. The post Labour denies endorsing petrol price hike appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

ASUU accuses Nigerian government of prolonging strike

The Academic Staff Union of Universities (ASUU) has accused the federal government of prolonging the nationwide strike embarked upon by the university lecturers, insisting that there is no going back on its rejection of the Integrated Payroll and Personnel Information System (IPPIS). The post ASUU accuses Nigerian government of prolonging strike appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

ASUU strike: Only one contentious issue left – ministry

The Federal Government has assured that its face-off with the Academic Staff Union of Universities would soon end as all but one of the issues have been resolved. The post ASUU strike: Only one contentious issue left – ministry appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Canada’s unemployment rate drops with 84,000 more jobs in October

Canada’s unemployment rate fell to 8.9 per cent in October as the economy added 84,000 jobs, but further gains were dampened by new Covid-19 lockdowns, the national statistical agency said Friday. Employment in Canada has increased at a monthly rate of 2.7 per cent since May, but economists had expected fewer jobs to be created last month as new restrictions were reintroduced across the country to slow the spread of a second wave of the coronavirus. Statistics Canada noted that increases in employment across several industries were partially offset by a big drop in accommodation and food services jobs. Full-time employment rose 69,000, making up most of the gains, while self-employment rose by 33,000 for the first time since the start of the pandemic in March. Overall, about 2.4 million Ca...

Foundation trains NIS, NAPTIP, Police on strategies to fight traffickers

The International Ibero-American Foundation for Administration and Public Policies (FIIAPP) on Tuesday began a three-day training for officers of the Nigeria Immigration Service (NIS) on strategies to fight human trafficking. The Police, Nigeria Security and Civil Defence Corps (NSCDC) and National Agency for the Prohibition of Trafficking in Persons (NAPTIP) are participating in the training. The training was tagged: “Identification of perpetrators of human trafficking and smuggling of migrants in Nigeria’’. Rafael-Rios Molina, the team leader for Action Against Trafficking in Persons and Smuggling of Migrant (A-TIPSOM) in Nigeria said that the training was to enhance of knowledge frontline officers on trafficking issues. Malina said that it was also organised to improve the knowledge of ...

774,000 jobs: Ministry raises federal lawmakers’ slots

There were strong indications on Sunday that the much awaited 774,000 unskilled jobs for Nigerians would take off in October. It was gathered that following a series of negotiations, the Ministry of Labour and Productivity had increased the slots allocated to each member of the National Assembly. It was learnt that each senator would present 1,000 beneficiaries, while a member of the House of Representatives would present 50 beneficiaries from each of the local government areas in their constituency. The lawmakers were said to have rejected the 30 and 25 slots per senator and Rep member respectively, which was initially allocated to them by the ministry in August. A senator confirmed to newsmen on condition of anonymity that he had directed his aides in his constituency office to liaise wi...

Flood: Nigerian government to build walls round River Kaduna

The Federal Government has said help was on the way for flood victims in Kaduna, following plans to build flood walls around River Kaduna to protect the people and their properties. The Acting Director, National Water Resources Institute, Kaduna, Dr. Martin Edufie, who disclosed this yesterday, regretted that Kaduna had in recent years suffered spates of floods, leading to loss of lives and properties, including houses, crops and even farmlands. While addressing the ‘2020 World Rivers Day’ yesterday in Kaduna, with the theme: ‘’Waterways in our Communities’’, Edufie said the Federal Government’s plan was based on yearly study on flood in Kaduna State. He said: “Very soon, we are going to have a flood control project in Kaduna. We are going to have flood walls on both banks of River Kaduna ...