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Economist: Official exchange rate may depreciate to N420 to the dollar
The managing director of Financial Derivatives Company, Bismarck Rewane, has projected that the naira will depreciate to N420 against the dollar on the official window by the end of 2021. Rewane was speaking at a virtual event tagged ‘Vantage Forum 2021’, organised by The Elevation Church (TEC) on Saturday. The economist also projected that the naira will exchange at N470 to the dollar at the parallel market. At present, the naira trades at N480/$ at the parallel market and N380 at the official rate operated by the Central Bank of Nigeria. This, he said, is based on a worst-case scenario where Nigeria produces 1.5 million barrels per day (bpd) with an inflation rate of 16.15 percent in the full year. “In the worst-case scenario, it goes the other way, in all cases you find that the average...
Ex-President Obasanjo urges Nigerian youths to make it uncomfortable for old leaders to remain in government
Former President Olusegun Obasanjo has urged youths to mobilise and make it uncomfortable for old leaders to remain in government. He stated this on Sunday during a virtual interview with academic and historian, Toyin Falola. Obasanjo, who was Nigeria’s president between 1999 and 2007 under the banner of the Peoples Democratic Party, also apologised to youths, saying his generation had done a lot of wrongs in Nigeria but the youths can change the fortunes of the country by taking over leadership. Many Nigerians have lamented the persistent recycling of leaders since post-independence Nigeria till date as some leaders who ruled Nigeria during the military era have been in charge in the last 21 years since the country returned to democracy in 1999. Responding to a question by a youth during ...
Nigeria records 1,883 new coronavirus infections
The Nigeria Centre for Disease Control (NCDC) has confirmed 1,883 new cases of coronavirus (COVID-19) infections, bringing the total number of infected people in the country to 130,557. The NCDC disclosed this on its official website late Saturday. Newsmen report that the country has so far tested 1,270,523 people since the first confirmed case of COVID-19 was recorded in Nigeria on Feb. 27, 2020. The health agency also confirmed one coronavirus-related death in the last 24 hours, bringing the death toll to 1,578 in Nigeria. NCDC noted that the 1,883 new COVID-19 infections occurred in 22 states and the Federal Capital Territory (FCT). It stated that Lagos State registered the highest number with 1,040 infections, taking the total number of infected people in the state to 48,919. The NCDC ...
Coronavirus: UAE restricts Nigerian passengers to Dubai airport
The United Arab Emirate, UAE, says passengers from Nigeria can no longer travel through other countries or airports to Dubai. This was made known in a notice by Dubai Airports, the operators of Dubai International Airport. The regulations restricted Nigerian passengers from transiting through other airports. The move comes as the United Kingdom on Friday suspended direct flights between the UAE and the UK as part of measures to curb the spread of the raging coronavirus disease. In a notice sent to travel partners, Dubai Airports said amongst other things, passengers from Nigeria can no longer travel through other countries or airports to Dubai. The notice was titled, ‘Dubai Travel Protocol Update–Travel From Nigeria’. It read, “Kindly be advised that effective from 01 February 2021, the fo...
Group hails Enugu governor on rural roads
A social group, Ishi-Obere Brothers Club, IBC, in Amufie autonomous community, Igbo-Eze North Local Government Area of Enugu state has applauded Governor Ifeanyi Ugwuanyi’s effort at ensuring rural access roads in every community in the state. This commendation was made in a statement signed and issued to pressmen in Enugu by the chairman of the group, Pharm. Ernest Odo and financial secretary, Mr Chinedu Adonu respectively. Odo while expressing satisfaction with the construction of Amufie-Ugbaike-Inyi rural road which links the aforementioned communities to Abuja through Obollo Afor-Makurdi expressway said it was a shortcut for those travelling to Abuja. He expressed the view that the road would boost economy of the state, adding that rural roads development is a sure way of attaining rap...
Mikel Arteta: Arsenal, Manchester United electrifying moments no longer exist
Electrifying moments that always followed Arsenal, Manchester United matches are gradually fading away, according to Gunners boss, Mikel Arteta. Arteta spent five years as an Arsenal player and never featured on the winning side against United. But all the old animosities had gone by then and today’s encounter at an empty Emirates is sure to be played out in relative peace. Arteta admits: “It’s not only the Arsenal and Manchester United fixtures which have calmed down. “If you look at the way all the derbies used to get played, it’s not the same right now. “The game is evolving and we are educating the players in a different way. “For sure they are not allowed to get away with some of the things they used to do 20 years ago and with VAR that’s even less. “The game is much more controlled a...
Senate moves to push retirement age of Supreme Court justices to 75 years
The Senate is putting in place measures to push for the retirement age of Supreme Court Justices in the nation’s apex court from the age of 70 to 75 years. According to the Senate, it is considering the proposal made to it by the Supreme Court March this year, 2021. Speaking today in Abuja during the Senate Constitution Review Committee Retreat to Review and Analyse Submitted Memoranda, Deputy President of the Senate Senator Ovie Omo-Agege, All Progressives Congress, APC, Delta Central said that the upper Chamber will in March consider the proposal of shifting the retirement age of Supreme Court Justices from 70 to 75 years and the retirement age for judges of the states, including that of the Federal Capital Territory, FCT and the Federal High Courts to bring in about parity with the 70 y...
Nigerian government distributes N20,000 each to 8,000 women in Lagos
Mrs Rhoda Iliya, the Deputy Director of Information, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this in a statement on Friday in Abuja. Iliya explained that Hajiya Sadiya Umar-Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, at the ceremony on Friday in Lagos reiterated the Federal Government’s commitment to alleviate poverty in the country. Farouq, who was represented by the Permanent Secretary in the Ministry, Alhaji Bashir Alkali, said that Federal Government’s target in Lagos was over 8000 beneficiaries across all the local government councils of the state. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make...
Ondo governor: Our people cannot continue to live in fear
Governor Rotimi Akeredolu of Ondo state has declared that the people of the state can not continue to live in fear arising from the cases of kidnapping, robbery, and other criminal activities recorded in the state. Akeredolu said this while receiving the newly posted Assistant Inspection-General of Police for Zone 17, headquartered in Akure, Isaac Akinmoyede, and the new Brigade commander of the 32 Artillery, Owena Catonement, Brig. Gen. Raymond Utsaha. He urged the new AIG and brigade commander to collaborate with other security agencies in the state for optimum performance. According to him” insecurity can be tackled in a different way when there are collaborative efforts. ” We have great challenges. We need all hands on deck. Our challenges are enormous. Top of it is the issue of kidnap...
Scottish leader promises to hold ‘legal’ independence vote
Scotland’s First Minister Nicola Sturgeon has said she will push ahead with plans to hold a “legal” referendum on independence from Britain if her party secures a majority in polls later this year, despite London’s opposition. The post Scottish leader promises to hold ‘legal’ independence vote 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.
HURIWA accuses IGP Adamu of bias over Sunday Igboho’s arrest order
Human Rights Writers Association of Nigeria (HURIWA) on Saturday accused the Inspector General of Police, (IGP) Mohammed Adamu of partiality and double standards by ordering the Oyo State Commissioner of Police, Mrs. Ngozi Onadeko to arrest the Yoruba Ethnic Rights Activist, Mr. Sunday Ighoho. But, HURIWA said IGP has refused to order the immediate arrest of the leader of a faction of Miyetti Allah Association, Bello Badejo who has threatened to take over lands of communities across the country unlawfully. HURIWA in a statement issued by the National Coordinator, Emmanuel Onwubiko, said: “May be the IGP is lobbying for extension of tenure and can do everything to please the powers that be that have unambiguously made it known that the Fulani Ethnicity and Fulani herdsmen are sacred cows wh...
Cash-strapped Barcelona wants Sergio Aguero, David Alaba for free
Barcelona are hoping they can land Sergio Aguero and David Alaba on free transfers this summer after their contracts expire at Manchester City and Bayern Munich respectively. Aguero is expected to depart the Etihad Stadium after 10 years which have seen him become the club’s all-time top goal scorer with 256 goals and lift four Premier League titles in a glittering career. However, injuries have since caught up with the 32-year-old and he has now gone a full year without scoring a Premier League goal at the Etihad. According to Mundo Deportivo, Barca see the striker as the ideal No 9 replacement for Luis Suarez, who departed for Atletico Madrid in the summer, in providing a big name signing for supporters. Barca are in desperate financial struggles following the coronavirus outbreak, and t...
