Sales
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
Rivers governor accuses predecessor of embezzling proceeds from aircraft, power projects
Rivers State Governor Nyesom Wike has accused the Minister of Transportation, Chibuike Amaechi, of embezzlement of proceeds from the sales of the state aircraft and power stations. The governor offered to resign from office if Amaechi could mention any federal project he has attracted to Rivers State as a minister since 2015. Governor Wike made the remarks at the formal defection of two former chairmen of All Progressives Congress (APC) in Rivers State, Dr Davies Ikanya and Igo Aguma, as well as other chieftains of the opposition to the People’s Democratic Party (PDP) in Port Harcourt on Saturday. The governor explained that Amaechi, the former governor, had claimed he sold a Dash 8 aircraft purchased by the administration of former Governor Dr Peter Odili to the Government of Cross River ...
Kaduna paralysed as NLC begins warning strike
Activities in Kaduna State have been paralysed as the five-day warning strike directed by the Nigeria Labour Congress (NLC) over irregular sacking of civil servants began on Monday. Checks revealed that schools, banks and other business premises had been closed. The National Union of Banks, Insurance and Finance Institutions Employees had directed its members to withdraw banking and insurance services in Kaduna state from Monday 17. The Zonal State Secretary of the union, Mr Adamu Danladi explained that the directive followed the NLC’s warning strike in response to what he described as Gov. El-Rufai’s “anti-workers policies”. He said that the withdrawal of services would continue until otherwise directed by the congress. Also, while some schools were closed, others were open but only a few...
NNPC selects 26 firms to lift Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis to purchase the commodity from the national oil company. The deal is coming less than a week after the corporation chose 16 oil and gas consortia for its new crude-for-fuel swap contracts for one year starting in August. The contracts, known as Direct Sale, Direct Purchase (DSDP) are high-stakes agreements used to supply nearly all of Nigeria’s petrol needs as well as cover some of its diesel and jet fuel consumption. However, in the fresh crude oil...
Report: Barcelona open to selling Antoine Griezmann for the right price
Italian Sky Sports journalist Matteo Moretto has proclaimed that Barcelona are willing to sell French superstar Antoine Griezmann in the summer if they were to receive an adequate offer, in order to try and ease the pressure on their accounts. After a far from optimal start to his stint in Garnet and Blue, Griezmann has largely managed to turn his fortunes around. He has established himself as a very useful asset for Barcelona, and proved to be an instrumental part of the Catalans’ Copa del Rey triumph. However, despite his turn of form, there has been constant speculation regarding Antoine Griezmann’s departure from Barcelona. Considering the massive cost of his transfer from Atletico Madrid two seasons ago and his high wages, the club might be open to a sale in the summer. The upcoming t...
Women lament high cost of food items, consumables in Makurdi
Residents, particularly housewives in Makurdi, the Benue state capital, have lamented the increase in prices of food items. A survey conducted by NAN on Tuesday in Makurdi showed that prices of food items have been increasing on a daily basis. Many housewives interviewed by newsmen said that feeding their families has now become very difficult as the prices of essential food items have multiplied in the past few months. Mrs Rose Onazi, a housewife, said that the sharp rise in prices of various goods, especially food and household items, has made nonsense of the amount she receives as a monthly housekeeping allowance from her husband. Onazi said that many of the items she bought a week before had increased either by 50 per cent, 100 per cent or even more. She said that the development had s...
Zimbabwe street vendors reel under virus curbs
For years, Zimbabwean single mother Spiwe Tembo would sell buns on the streets of central Harare, earning enough to feed her three children. But her fortunes have dived. Since authorities banned street hawkers a year ago as part of a raft of measures to limit the spread of Covid-19, she plays cat-and-mouse with the police who comb the streets to rid them of vendors. “Things are tough,” the 34-year-old said, waving a packet of large buns to potential customers on a busy street in a part of Harare that locals call “Third World” because it is always teeming. She said: “We get arrested by municipal and national police. Almost daily I pay bribes to police officers to avoid getting arrested.” On the days she doesn’t have any cash, the inevitable happens and she is arrested and her wares seized. ...
U.K. to open first LGBT+ retirement home as market grows
Britain’s first LGBT+ retirement home is set to open in mid-2021, the housing association behind the London riverside apartments said, highlighting a growing market of older people who do not want to be forced back in the closet. There is a critical need for housing for older LGBT+ people, said Anna Kear, Chief Executive of Tonic Housing, as many say it would be “terrifying” to live in a predominantly straight home where other residents did not accept them. “People say that if they get to that stage, they would rather (die by) suicide than go into a heterosexual care home or sheltered housing environment, which is just awful,” she told the Thomson Reuters Foundation. With an ageing population, the demand for specialist housing for older people is growing, with private retirement units acco...
DPR seals 16 filling stations over ‘irregularities’ in Adamawa
The Department of Petroleum Resources (DPR) has sealed off 16 petroleum stations over alleged irregularities in Adamawa. Sadiq Ibraheem, DPR Operation Controller in Adamawa, disclosed this to newsmen on Monday in Yola. He said that the exercise was conducted during the weekend as part of DPR’s routine surveillance. “We were able to inspect 43 filling stations in Jimeta, Yola, Numan and Maiha and out of which 16 were sealed for various offences. “The offences ranged from sales above official pump price, lack of safety facilities displayed and we discovered some stations were slightly under dispensing,” he said. According to him, the sealed stations have to pay certain fees to the Federal Government and rectify their pump price to official price before they could be allowed to operate. He ad...
Senate asked to probe public hearing on medical council bill
The Joint Health Sector Unions (JOHESU), the umbrella body of health workers in the country, has demanded that Senate probe the recent public hearing of the Medical and Dental Council of Nigeria (MDCN) Bill as it accused Chairman of the Senate Committee on Health, Dr. Ibrahim Oloriegbe, of disenfranchising its members. JOHESU Chairman, Comrade Joy Bio Josiah flayed what he called “vindictive and discriminatory” attitude of Dr. Oloriegbe against other medical professional bodies as he gave his constituency, MDC and NMA more time to canvass their views on the contentious bill. “We challenge Oloriegbe and the NMA to produce video and audio evidence contrary to this. The point here is Oloriegbe does not understand the philosophy and basics of running Public Hearings because he pointedly domina...
NNPC declares N13.43 billion trading surplus for November 2020
The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
Rare Christmas sales in Saudi Arabia
Christmas trees and glittery ornaments are for sale at a Saudi gift shop, a once unthinkable sight in the cradle of Islam where all public non-Muslim worship is banned. In recent years, festive sales have gradually crept into the capital Riyadh, a sign of loosening social restrictions after Crown Prince Mohammed bin Salman pledged to steer the conservative Gulf kingdom towards an “open, moderate Islam”. “I didn’t ever imagine I’d see this” in Saudi Arabia, a Riyadh resident told AFP at the shop selling trees, Santa Claus outfits as well as tinsel, baubles and other ornaments. “I am surprised,” said the resident, declining to be identified. Until barely three years ago, it was almost impossible to sell such items openly in Saudi Arabia, but authorities have been clipping the powers of the c...
