Yesterday
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 ...
Thomas Tuchel defends outburst following Champions League win
Thomas Tuchel says he “understands” criticism of Paris Saint-Germain but dismissed its credibility when coming from fans and journalists watching from a “sofa”. PSG were out of sorts in the Champions League on Tuesday, as last season’s beaten finalists scraped a narrow 1-0 win at RB Leipzig. The decisive goal, an 11th-minute Neymar penalty, was one of just three shots on target mustered by PSG over the course of the match. Tuchel said after the game that he would not apologise for winning in a somewhat ugly fashion, with Leipzig enjoying 63 per cent of possession and managing 15 shots in total. He put the underwhelming performance down to fatigue caused by the team’s packed schedule, though it was not their only unimpressive display in recent months. Before Tuesday, PSG had lost three of t...
Senate moves to make law schools beneficiaries of education tax fund
The Senate has begun moves to ensure that all the Nigerian Law Schools are beneficiaries of Education tax funds with the amendment of Tertiary Education Trust Fund Act 2007. Consequently, the Senate has come up with ” A bill for an Act to amend the Tertiary Education Trust Fund Act 2007.” The Bill Scaled second reading yesterday in the Senate. In his lead debate on the bill, Senator Micheal Opeyemi Bamidele, APC Ekiti Central, sponsor of said that the bill which was read for the first time on the floor of the Senate on Thursday, 28th May, 2020, seeks to amend sections 4, 7 and 20 of the Tertiary Education Trust Fund (Establishment, Etc.) Act, 2011 (hereinafter referred to as the “principal Act”) He said that amendment also seeks to add the Nigerian Law School, as one of the benefiting tert...
President Buhari: How we’re addressing gender-based violence in Nigeria
President Muhammadu Buhari yesterday acknowledged worsening cases of sexual and gender-based violence in the country due to the lockdown measures introduced to check the spread of COVID-19. He said this in a goodwill message to commemorate the occasion of the International Day for the Elimination of Violence Against Women which kicks off today. Buhari stated that sexual and gender-based violence in all its forms had been recurrent especially considering the alarming statistics of violence against vulnerable persons recorded in Nigeria, particularly women and girls. Buhari, who said he was aware of the unfortunate situation from reports of incidents in the country, highlighted actions taken by the government to address the issue, according to a statement by his spokesman Garba Shehu. Sexual...
Governor Lalong: 2020 NAFEST confirms return of peace in Plateau
Plateau State governor, Simon Lalong Bako, has stated that the hosting of the 2020 Jos National Festival of Arts & Culture (NAFEST) is a confirmation that peace has been restored in the state as he also restated his conviction in the need for regulation of the social media. The governor spoke yesterday at the opening ceremony of the 2020 NAFEST titled “Post Covid-19 and Cultural Dynamism” taking place in Jos, Plateau State. The governor who extolling the abundant resources in the state said “Plateau State is home of peace and tourism. We remain a state that is endowed with the best weather condition comparable to none in Nigeria, which explains why Plateau remains the destination of choice for many who desire to partake in its potentials such as rich arable soil, breathtaking tourism d...
Nigerian government signs fuel transportation, storage deal with Niger Republic
The Federal Government, yesterday, signed a Memorandum of Understanding, MoU, with the Republic of Niger for the transportation and storage of petroleum products. The post Nigerian government signs fuel transportation, storage deal with Niger Republic 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.
ANEEJ: Nigeria to get fresh £60 million loot from UK
The Executive Director of African Environment and Economic Justice (ANEEJ), David Ugolor, yesterday, said that the Nigerian government is set to receive a fresh whooping sum of £60 million from the United Kingdom as part of the money starched by the former governor of Delta State, James Onanefe Ibori. The post ANEEJ: Nigeria to get fresh £60 million loot from UK 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.
Our plans to preserve Fulfulde language – Fulani leader
The Sarkin Fulani of Lagos State and chairman, association of Fulani Chiefs, South West, Alhaji Mohammed Bambado, yesterday, lamented that the Fulfulde language is gradually going into extinction but promised to preserve the language. The post Our plans to preserve Fulfulde language – Fulani leader 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.
‘Many killed’ as cult groups clash in Benin
Clashes between Aiye and Vikings cult groups have persisted in Benin City, the Edo State capital, with many killed. The post ‘Many killed’ as cult groups clash in Benin 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.
Police dismiss 10 officers for misconduct in Lagos
The Police Command in Lagos yesterday announced the dismissal of 10 police officers for various offences. The command’s spokesperson, SP Olumuyiwa Adejobi, in a statement, said this was in a bid to promote discipline and core values of policing in the state. Adejobi said the command tried 81 personnel for various criminal and disciplinary offences that were committed between October 2019 and October 2020. The offences, he said, ranged from murder, discreditable conducts, excessive use of power, corrupt practices and negligence. According to him, the command dismissed 10 personnel, reduced the ranks of 18 officers and issued warning letters to others. “Others were awarded extra fatigue, while 16 of the men were discharged and acquitted for want of evidence. “The personnel tried in the order...
Nigeria ratifies membership of AfCFTA
The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...
