The Central Bank of Nigeria, CBN, has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at the official market. The decision came after the naira tumbled to 1,050/$ at the parallel market on Thursday following pressure from international organisations and experts.
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. President Bola Tinubu has asked the Supreme Court to discountenance his Chicago State University academic records attached by the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to his election petition appeal, saying it is alien to the judicial proceedings in the country. Tinubu asserted that the CSU discovery was not part of the record or the judgment of the Presidential Election Petitions Tribunal, urging the apex court not to admit it.
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. President Bola Tinubu has asked the Supreme Court to discountenance his Chicago State University academic records attached by the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to his election petition appeal, saying it is alien to the judicial proceedings in the country. Tinubu asserted that the CSU discovery was not part of the record or the judgment of the Presidential Election Petitions Tribunal, urging the apex court not to admit it.
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The Lamidi Apapa-led faction of the Labour Party has alleged some discrepancies in the academic certificates of its presidential candidate, Peter Obi. The claim was made by the spokesman for the LP faction, Abayomi Arabambi, when he was featured in a television interview on Thursday.
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. The National Chairman of the All Progressives Congress, Dr Abdullahi Ganduje has expressed conviction that Thursday’s defection of Senator Ifeanyi Ubah from the ruling APC will herald a wind of revolution that will liberate the South-East. He gave the assurance during the official presentation of the senator representing Anambra South by the Senate President, Godswill Akpabio at the party’s national headquarters in Abuja.
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. Nigeria will begin its quest for a fourth Africa Cup of Nations title in 2024 against tournament hosts, Ivory Coast, alongside Equatorial Guinea and Guinea Bissau. The draw, which was conducted at a colourful ceremony inside the brand-new Parc Des Expositions in Abidjan, Ivory Coast on Thursday, was hosted by global music star, AKON.
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7. President Bola Ahmed Tinubu on Thursday approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation.
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. Four students of Nasarawa State University who were kidnapped on Monday night have regained their freedom. Muhammed Sakilu Muhammed, Secretary General of the Nasarawa State Youths Forum for Advocacy, in a statement made available to Dailypost, confirmed the release of the students.
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. Men of the Kogi State Police Command have arrested the stepmother of the 11-year-old boy buried alive on Wednesday by the woman’s 17-year-old son. Passers-by rescued the 11-year-old on Wednesday after he had been buried by his stepbrother in a bush at the Silo community in Zango Daji, Adavi Local Government Area of the State.
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. Two people were on Thursday confirmed dead following injuries they sustained when a storey-building under construction in the Eweta area of Ikirun, Osun State, collapsed. The deceased and two others were said to be working in the building Wednesday evening when it collapsed and trapped them.
from dailypost
Thank God that the little boy that was buried alive was rescued. I pray that the wicked stepmum rots in jail.
ReplyDeleteRest in peace to the workers who met their untimely death in that building collapse.
Thank you Stella
ReplyDeleteUpside down policies… you have no foreign exchange yet you are lifting ban on imports. The reason Naira is depreciating is that everything is being imported. Even traders and owambe party planners who literally import water with $ criticize the exchange rate ignorant of economics 101, demand and supply. When we import everything from lace to Ankara (Turkey), to Java (Indonesia), cars, car parts, Flower for decorating the Owanbe hall, even some of the groceries eaten in some homes, we are destroying the dollar.
ReplyDeleteBanning importation will help local manufacturers, Innovation minded Nigerians & “wannabe” local manufacturers to export & bring in forex and it will appreciate.
The loopholes being used to mine & steal solid minerals in Osun & other places to marry wives & throw parties. Osun where an oba and governor signed away the future resources of their citizens to the Chinese and local stooges is concerning. Is it that Tinubu & his policy advisers know that naira depreciation is tied to the ambition of everyone to import everything from toothpick to cars? India stopped importations before they developed. Even their president at some point used their locally made “Ambassador” car brand. Can this government at all levels buy Nigerian? Not Chinese but Nigerian? From assembled Innoson vehicles instead of $80 to $150k per car bullet proof from Detroit, can they not do the right thing for once?