The Naira depreciated against the dollar at the Investors and Exporters window on Wednesday as it exchanged at N436.50. Wednesday’s rate represented a 0.06 per cent depreciation compared to the N436.25 for which the dollar exchanged on Tuesday. The open indicative rate closed at N44. 75 to the dollar on Wednesday. An exchange rate of N438 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.50. The Naira sold for as low as N425 to the dollar within the day’s trading. A total of 133.97 million dollars was traded at the official Investors…
Author: tech
Read More
The Federal Government through the Minister of Labour and Employment, Dr. Chris Ngige, has reacted to the ruling of the National Industrial Court, which on Wednesday restrained lecturers in the nation’s public universities from going ahed with the seven-month-old strike. Ngige assured that government will continue to negotiate with ASUU in spite of the victor in court. The National Industrial Court of Nigeria on Wednesday in Abuja ordered the striking lecturers to return to the classroom following a suit filed by the Federal Government. The minister made Federal Government’s position known when he hosted visiting members of the Nigerian Association…
The Congress of University Academics (CONUA) on Wednesday urged vice-chancellors of public universities to re-open the institutions for academic activities to resume. CONUA is a splinter group of the striking Academic Staff Union of Universities (ASUU) not in agreement with the union’s on-going strike which began since Feb. 14. It says its charge is in consonance with Wednesday’s ruling of the National Industrial Court restraining ASUU from continuing with the strike. Its National Coordinator, Dr Niyi Sunmonu, told newsmen that it was imperative that the vice-chancellors reopened the universities since the court is one of the recognised tools of democratic…
President Buhari Sir, remember that you promised Nigerians free and fair election in 2023, but with the look of things today, Nigerians are no longer sure that the election will be free and fair. The reason is the weighty allegation by the Coalition of United Political Parties (CUPP) that your party All Progressive Congress (APC) criminally manipulated the Permanent Voters Card (PVC) machines in order to rig the election – in collaboration with some officials of the Independent National Electoral Commission (INEC). The accusation has made every patriotic concerned citizen in Nigeria now a doubting Thomas. The potential danger of…
Governor State Governor Samuel Ortom has assented to the law for the establishment of a Peace-building and Reconciliation Commission in the state. Governor Ortom gave assent to the law on Wednesday, September 21st, 2022 which marks this year’s International Day of Peace with the theme “End Racism. Build Peace.” The United Nations Resident and Humanitarian Coordinator in Nigeria, Mr. Matthias Schmale, personally attended and participated in the ceremony which took place in the new Banquet Hall of the Benue Peoples House, Makurdi. Governor Ortom in his remarks before assenting to the law, drew the attention of the United Nations to…
The Federal Ministry of Health and the National Agency for Food Administration and Control (NAFDAC) drafted the Fats and Oil Regulation 2019, to safeguard Nigerians from avoidable and untimely illnesses and death resulting from the consumption of foods containing Trans-Fatty Acids (TFAs). Available Statistics The World Health Organisation (WHO) statistics indicate that more than 36 million people die annually from Non-Communicable Diseases (NCDs), which accounts for 63% of all global deaths. Among these, CardioVascular Diseases (CVDs) are the number one cause of death, accounting for 17.5 million deaths annually. In this category, high blood pressure leads as a risk factor.…
Mr. Femi Falana, counsel to the Academic Staff Union of Universities (ASUU) has said the union will appeal the ruling of the National Industrial Court which ordered the lecturers to call off their ongoing strike. He confirmed this to CHANNELS TELEVISION on Wednesday hours after the ruling of the court, saying he was preparing the grounds of appeal at the time of this report. The industrial action by ASUU has continued to take a toll on the nation’s education, especially the tertiary sector as academic activities in most government-owned universities have been halted for over seven months. The lecturers downed…
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Hassan Babangida Hassan for alleged criminal conspiracy, employment scam and forgery. He was arrested in Kano, on Wednesday, September7, 2022 based on alleged fraudulent claims of being an employment agent that could secure jobs for applicants in different ministries and parastatals. He allegedly defrauded an applicant, Usman Rilwan, of the sum of N14,950, 000( Fourteen Million, Nine Hundred and Fifty Thousand Naira), in the guise of getting a paid job for him. Rilwan alleged that he paid the suspect the money as a “facilitation fee” to “process”…
By Tony Obiechina, Abuja The Infrastructure Concession Regulatory Commission (ICRC) said that it is readily available to assist the states of the Federation including the Federal Capital Territory to take on viable infrastructure projects using Public Private Partnerships (PPP). Director General of the ICRC, Michael Ohiani disclosed this on Tuesday when he received a delegation of Media Trust Group, owners of Daily Trust Newspapers, led by its Group Chief Executive Office, Mounir Gwarzo. Ohiani while listing out the laudable projects of the Commission as well as its mandate, told the delegation that some states were already taking on PPP projects…
President Muhammadu Buhari on Wednesday in New York vowed to entrench a process of free, fair, transparent and credible elections through which Nigerians elect leaders of their choice. In his farewell speech to the United Nations General Assembly (UNGA) as President, he told the 77th session that next year, there would be a new face speaking for Nigeria from the podium of the Assembly Hall. The President used his speech to strongly reiterate his commitment to constitutional term limits and Nigeria’s effort to promote rule of law and democracy in West Africa, citing the country’s support to The Gambia, Guinea Bissau…