Naira
NCC to ensure enforcement of copyright laws from 2021 – chief
File Photo The Director General, Nigeria Copyright Commission (NCC), Mr John Asien, says the commission would focus more on the enforcement of copyright laws as from 2021. Asien told newsmen on the sidelines of the just concluded 39th International Convention of the Association of Nigerian Authors (ANA) in Ilorin, that it would no longer be business as usual for pirates, as different strategies would be used, both online and in physical space, to ensure that pirates stopped selling pirated books. ”For us at the commission, we are more than committed, by next year we will be focusing more on enforcement and we are going to do that in all nooks and cranny of Nigeria. ”We are going to use different strategies and working on different platforms, both online and the physical space. This is beca...
Nigerian governors to meet with President Buhari to address security challenges
Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country. The governors are meeting with President Buhari especially to discuss last week’s gruesome beheading of about 43 Farmers in Zarbamari near Maiduguri, Borno State by Boko Haram Insurgents while they were working in their farmland without any form of resistance. The decision was part of the resolutions reached at the end of the 22nd NGF teleconference meeting. In a Communique signed by the NGF Chairman and Ekiti State governor, Dr. Kayode Fayemi, said, ” Members of the forum resolved to meet with Mr. President as soon as possible to ad...
Lagos bye-election: APC, PDP bicker over ‘vote buying’
File Photo Ahead of forthcoming Lagos East Senatorial District bye-election that will hold on December 5, both the All Progressives Congress (APC) and the Peoples’ Democratic Party (PDP) in Lagos State have engaged each other on allegations of voting buying. In a separate statements by the parties, both APC and PDP raised the alarm of attempt to buy vote on the date fixed for the poll.While some residents of the senatorial district have also collaborated the claim’s of APC, alleging that PDP has perfected plan to buy vote with N5, 000 each. The concerned residents who were in different area of senatorial district asked the Independent National Electoral Commission (INEC), Nigeria Police and other security agencies to be at alert, warning that they would resist any plot to undermine the pro...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
Group rejects South-South governors desire to control NDDC
A Niger Delta group, Vanguard for Transparent Leadership and Democracy (VATLAD), has condemned the desire of South-South governors to control the affairs of Niger Delta Development Commission (NDDC). The group described as untrue governors’ claim that their demand for control is borne out of concerned about the rot in the NDDC. In a statement by Comrade Igbini Odafe Emmanuel, national president, the group reminded South South governors that their continued failure to utlilise oil derivation funds and other funds acruing to their states sparked the agitation for the establishment of NDDC, which “will operate independently and without direct or indirect interference or control by our state governors or their agents.” It described as insulting threat by South South governors over NDDC, queryi...
Senator Adeyemi advocates N50 billion bailout fund for airline operators
Sen. Smart Adeyemi (APC Kogi), has called on the Federal Government to provide a bailout fund of N50 billion for airlines operators in the country. The post Senator Adeyemi advocates N50 billion bailout fund for airline operators 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.
Why Kano governor’s aide gave me donkey – beneficiary
Following recent reports that an aide to governor Abdullahi Ganduje of Kano state, Murtala Gwarmai has shared donkeys to some rural dwellers, a beneficiary says he demanded for it to assist his day to day activities and business that include moving sand and rocks from one point to the other. The post Why Kano governor’s aide gave me donkey – beneficiary 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.
Arabic inscriptions on naira doesn’t threaten Nigeria’s secular status – central bank tells court
The Central Bank of Nigeria has vehemently opposed a suit before the Federal High Court in Lagos praying that the Arabic inscriptions on naira notes be removed. A Lagos-based lawyer, Chief Malcolm Omirhobo, who filed the suit before Justice Mohammed Liman, contended that having Arabic inscriptions on the naira notes portrays Nigeria as an Islamic state, contrary to the country’s constitutional status of a secular state. Omirhobo, who said he does not know what the Arabic inscriptions mean, is praying the court to order the CBN to replace the Arabic inscriptions with either English language, which is the country’s official language, or any of Nigeria’s three main indigenous languages – Hausa, Yoruba or Igbo. According to the lawyer, with the Arabic inscriptions on the naira note, the CBN ha...
Ebonyi governor reduces university tuition fees
Ebonyi State Governor David Umahi has directed the reduction of the tuition fees being paid by students of Ebonyi State University Abakaliki (EBSU). In a statement signed by the Secretary to the State Government (SGG), Dr Kenneth Ugbala, Umahi directed the reduction of N10,000 from the fees being paid by every non-indigene student of the school while N20,000 was reduced from the fees of the students who are indigenes of the state. The statement said the Governor took the decision because of effects of the COVID-19 pandemic on the economies of every family. He stated that the new fees, which take effect from the 2020/2021 academic year, will be paid anytime from next year. “Ebonyi State Government is aware of the effects of COVID-19 pandemic on the world economies of which Ebonyi State is h...
#EndSARS: NGO cleans up debris from aftermath protest in Surulere
An NGO, Thyaura Partner Concept Limited, on Saturday in Surulere, Lagos State, cleaned up garbage from the aftermath of the #EndSars protest which was hijacked by hoodlums. Mr Ekene Ebonyi, the Finance Manager of the organisation, told newsmen in Lagos that hoodlums had taken the advantage of the break in law and order to loot some property and shops. “This caused several damages to various small scale businesses leaving broken glasses and windows as debris on the streets thereby hindering the smooth movement of vehicles. “We are here to clear such obstacles also left from the burning of tyres so that the economy can return to normalcy,” he told newsmen. Ebonyi said that it was the killing at Lekki toll gate that escalated the whole situation which was already tensed up. “It was after the ...
Oyo governor flags off construction of 360 housing units, Ajoda new town estate
Oyo State Governor, Engineer Seyi Makinde, on Wednesday, flagged off the construction of 360 Housing Units at the Ajoda New Town Estate, located on the New Ibadan-Ife Expressway. The estate, which is estimated to cost about Two Billion, Five Hundred Million Naira (N2.5 billion), according to the governor, will enhance affordable housing to all and sundry in the state. A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, quoted the governor as saying that the strategic location of the new estate will ensure that the investors make quick returns on their investments. In another development, Governor Makinde, also, on Wednesday, handed over the Agbowo Shopping Complex, Ibadan, to investors who have committed to turning around the fortunes of the abandoned complex in ...
