NewsReports

Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is well above fair value, according to Bank of America. According to a report by Bloomberg, economist Tatonga Rusike said in a note to clients on Tuesday that, “three indicators, the widely-used black-market rate, the central bank’s real effective exchange rate, …

• 2023: Buhari directs SGF to begin action on handover• Don’t abandon governance, President warns as APC launches PCC on Friday• I’ll continue with Buhari’s legacy, says Tinubu• Atiku off to Europe as PDP insists on an issues-based campaign • Shareholders advocate peaceful polls, and coordination in judicial processes Disturbed by increasing incidents of violence at campaigns and growing resort to incendiary …

Members of the Children’s Parliament have raised the alarm over the betrothal of under-aged girls to old men for economic reasons. The parliament raised the alarm, yesterday, in Abuja at a media roundtable organised by Save the Children International (SCI) to commemorate the 10th anniversary of International Day of the Girl Child. A girl champion from Yobe State, Khadija Badamasi, …

Justice Akintayo Aluko of the Federal High Court sitting in Lagos has granted an order directing the Assets Management Corporation of Nigeria (AMCON) to take over the assets of a Lagos company, SAMOL Limited. The asset seizure was ordered based on the firm’s alleged failure to pay its debt of N843,357,559.75 million. The order of the court was sequel to …

The Chief Executive Officer of Axxess, a healthcare technology company, John Olajide, has urged the new Governor of Ekiti State, Biodun Oyebanji, to make the promotion of the knowledge-based economy his number one priority. He said for Ekiti to prosper, achieve prosperity and actualize her dream of becoming a land of wealth and prosperity, the state must invest in the …

•Wants Nigeria to target 20% manufacturing contribution to GDP in 10yrs  •Utomi: Textile industry victim of poor trade policy The President of Dangote Group, Alhaji Aliko Dangote has thrown his weight behind the clamour for the revival of Nigeria’s ailing textile and manufacturing sectors by urging the National Assembly to pass a law that would penalise sale of banned textiles …

• Omo-Agege: Some governors turn Assemblies into puppets• Nigeria not mature for state police, says NLC president• NULGE urges Nigerians to vote out any party against LG autonomy Despite earmarking N1 billion, which was approved for the constitutional amendment process, the bid by the ninth Assembly to effect a fifth alteration to the 1999 Constitution has failed, after only 11 of …

The Arewa Joint Committee that interacted with some presidential candidates ahead of the 2023 presidential election said on Tuesday that the exercise was not meant to endorse any particular candidate for the forthcoming election.  The Arewa Consultative Forum, Northern Elders Forum, Sir Ahmadu Bello Memorial Foundation, Jamiyyar Matan Arewa, Arewa House (Centre for Historical Development and Research), and Arewa Research …

The Federal Government has appealed to the Nigeria Labour Congress (NLC) to rescind its opposition to the registration of two new academic unions in the Nigerian public university system. Sen. Chris Ngige, Minister of Labour and Employment, made the call in a statement signed by Mr Olajide Oshundun, Head, Press and Public Relations, in the ministry on Tuesday in Abuja. …

An environment protection coalition, Our Habitat, has thrown its weight behind the Chief of Defence Staff, Gen. Lucky Irabor, over the destruction of an illegal oil bunkering vessel. The PUNCH had reported how the CDS had defended the destruction of the vessel, saying there was nothing sinister about the swift destruction of an oil bunkering vessel by security operatives. Defending the …