Ejes Gist News

Month: October 2023

  • Tinubu’s Chicago Certificate Submitted to INEC Differs from Others Issued in 1979

    Tinubu’s Chicago Certificate Submitted to INEC Differs from Others Issued in 1979

    The Long-Awaited Chicago University Certificates Raise Questions

    The Chicago University certificates of Bola Tinubu, as obtained by Atiku Abubakar, the presidential candidate of the People Democratic Party (PDP), and the one submitted by Bola Tinubu to INEC, exhibit some differences.

    Certificate Discrepancies:

    1. Atiku Abubakar’s 1979 Chicago State University certificate bears five signatures, whereas the one Bola Ahmed Tinubu submitted to INEC has only three signatures.

    2. The names of the signatories on the Chicago State University certificate obtained by Atiku Abubakar differ from those on Bola Ahmed Tinubu’s certificate presented to INEC.

    Chicago State University original certificate in 1979
    Chicago State University original certificate to their students in 1979.
    Chicago State University
    Chicago State University certificate submitted by Bola Tinubu to INEC

    3. The Chicago State University certificate obtained by Atiku Abubakar and one submitted to INEC by Bola Tinubu have different logo.

    Gender Concerns:

    The transcript from Chicago State University, obtained by Atiku Abubakar, raises eyebrows as it mentions ‘Bola A. Tinubu’ with a female gender indication. The transcript further reveals a social security number (SSN) registered in 1976.

    Bola Tinubu Chicago Showing female
    Bola Tinubu Chicago State University transcript Showing female

    Academic Records:

    Interestingly, the academic records from Chicago State University show that the ‘Bola Tinubu’ who allegedly graduated in 1970 had attended Government College, Lagos, even though the college was founded in 1974. These discrepancies are now garnering significant attention and sparking debate.”

    Tinubu Chicago State
    Tinubu Chicago State University document showing Bola Tinubu graduated from Government college

     

  • Breaking: Tinubu’s Chicago Academic Records Released to Atiku’s Lawyers

    Breaking: Tinubu’s Chicago Academic Records Released to Atiku’s Lawyers

    Bola Tinubu’s Chicago State University Academic Records Released. 

    The long-anticipated academic records of Bola Tinubu from Chicago State University are now in the hands of Atiku Abubakar’s legal team. The release of these documents comes after a protracted legal battle and intense speculation surrounding Tinubu’s educational background.

    Atiku Abubakar’s lawyers are currently meticulously reviewing the academic records to ensure that they align with the demands made during the legal proceedings. While the contents of these records have yet to be made public, their release marks a pivotal moment in the ongoing political and legal saga involving two prominent figures in Nigerian politics.

    Read Also Breaking: Atiku’s Lawyers on Standby as Tinubu Shops for Fresh Appeal

    The details regarding the contents of Bola Tinubu’s academic records are eagerly anticipated by both his supporters and detractors. These records could provide valuable insights into his educational qualifications and achievements, which have been a subject of intense scrutiny and debate.

    As Atiku Abubakar’s legal team finalizes their assessment, it is expected that the relevant information will be made available to the public in due course. The release of these documents may have far-reaching implications for the political landscape in Nigeria and the ongoing rivalry between Bola Tinubu and Atiku Abubakar.

    Read Also Nigeria’s first Emeritus Professor Umaru Shehu dies at 97 (photo)

    Ejes Gist Newspaper will continue to closely monitor this developing story and provide updates as further details emerge. Stay tuned for the latest information on the contents of Bola Tinubu’s academic records from Chicago State University.

  • Breaking: Atiku’s Lawyers on Standby as Tinubu Shops for Fresh Appeal

    Breaking: Atiku’s Lawyers on Standby as Tinubu Shops for Fresh Appeal

    Release of Bola Tinubu’s Academic Records from Chicago State University Imminent Despite fresh Legal Battle.

     

    In a significant turn of events, all attempts by Bola Tinubu, a prominent Nigerian political figure, to prevent the release of his academic records from Chicago State University have been unsuccessful. The university is now in the process of complying with the request from lawyers representing Atiku Abubakar, a prominent political rival.

    The impending release of these academic records marks a crucial development in the ongoing political and legal battles in Nigeria. While Bola Tinubu and his legal team have been actively seeking an “Emergency Motions Judge” at the U.S Court of Appeal, Seventh Circuit, Atiku Abubakar’s legal team is well-prepared to respond swiftly.

    Recall that Ejes Gist Newspaper previously reported on Bola Tinubu’s efforts to prevent the disclosure of his academic records. However, despite his legal maneuvers, the release of these documents appears to be imminent, and it is expected to shed light on his educational background and qualifications.

     

    As the clock ticks down, Bola Tinubu and his legal team face a tight deadline to secure a judge who can intervene in this matter. Given the limited time available, it appears increasingly unlikely that they will succeed in blocking the release of the academic records.

    The release of these documents is anticipated to have significant implications for the political landscape in Nigeria. It remains to be seen how this development will impact the ongoing political rivalry between Bola Tinubu and Atiku Abubakar.

    https://twitter.com/jacksonpbn/status/1708855610026983561?s=20

    Ejes Gist Newspaper will continue to closely follow this developing story and provide updates as more information becomes available. Stay tuned for further details on the release of Bola Tinubu’s academic records from Chicago State University.

  • Nigeria’s first Emeritus Professor Umaru Shehu dies at 97 (photo)

    Nigeria’s first Emeritus Professor Umaru Shehu dies at 97 (photo)

    Nigeria Mourns the Loss of First Emeritus Professor, Umaru Shehu, at 97.

    MAIDUGURI, Nigeria – Nigeria is mourning the passing of Professor Emeritus Umaru Shehu, the first Emeritus Professor in the country, who breathed his last at the age of 97. The sad news was conveyed in a statement released on Monday, October 2, by Dr. Bulama Gubio, the secretary of the Borno Elders Forum (BEF), in Maiduguri.

    Dr. Gubio announced that Professor Umaru Shehu, a distinguished figure in the field of medicine, passed away on Monday morning, leaving behind a legacy that spans generations.

    Read Also My husband inherited damaged Nigeria; he’s not magician – Remi Tinub to Nigerians

    “We regret to announce the demise of our founding father of both Kanem Borno Historical and Cultural Foundation (KBHCF) as well as the BEF,” stated Dr. Gubio. “Professor Emeritus Umaru Shehu, CFR, Dr. Shettima Ali Monguno, and Maina Ibrahim Damcida were the founding fathers of BEF. All three have now left us. He was the last of the titans. May Allah have mercy upon them.”

    Professor Shehu’s contributions to medicine and education are immeasurable. He held visiting professorships at several universities, including the School of Medicine at the University of North Carolina in Chapel Hill, United States, from 1976 to 1977. He also served as the Vice-Chancellor of the University of Nigeria, Nsukka, from 1978 to 1980.

    Read Also Supreme Court Will Reject Any Document from U.S. – Tinubu’s Lawyers

    Nigeria’s first Emeritus Professor Umaru Shehu
    Nigeria’s first Emeritus Professor Umaru Shehu dies at 97

    Notably, he was a founder fellow of prestigious institutions, such as the West African College of Physicians, the Nigerian Academy of Science, the National Postgraduate Medical College of Nigeria, and the Faculty of Community Medicine (Nigeria).

    In recognition of his exceptional contributions to the field, Professor Shehu was granted the title of Professor Emeritus in 2000, following his appointment as an Honorary Consultant Physician in 1991.

    Read Also Diezani gets £70,000 bail in alleged £100,000 bribery trial

    His passing marks the end of an era in Nigerian academia and medicine. Professor Umaru Shehu leaves behind a rich legacy that has significantly influenced the medical and educational landscapes of Nigeria, and his contributions will be remembered with deep respect and gratitude.

    As Nigeria mourns this great loss, tributes pour in from across the nation, honoring the life and work of a true pioneer and visionary in the field of medicine and education.

  • My husband inherited damaged Nigeria; he’s not magician – Remi Tinub to Nigerians

    My husband inherited damaged Nigeria; he’s not magician – Remi Tinub to Nigerians

    LAGOS, Nigeria – In a heartfelt speech during Nigeria’s 63rd Independence Anniversary, First Lady Remi Tinubu offered insight into the challenges facing her husband, President Bola Tinubu, as he works tirelessly to address the issues inherited by his administration. She emphasized that President Tinubu is not a magician but is committed to fixing a damaged Nigeria.

    “All we inherited are things that had happened many years ago; we are not here to put blame on any administration but to fix what has been damaged,” Mrs. Tinubu explained. “My husband is not a magician; he is going to work, and I believe and hope that we will have peace in this country; the best is yet to come to us.”

    Read Also Supreme Court Will Reject Any Document from U.S. – Tinubu’s Lawyers

    Mrs. Tinubu conveyed her optimism about the future, asserting that “a Nigeria of abundance has begun,” urging Nigerians to look beyond their current realities and embrace hope anew.

    This message of hope was delivered during an interdenominational church service to commemorate Nigeria’s Independence Day, where Mrs. Tinubu encouraged the populace to follow the example of Jesus Christ in embodying the fruit of the spirit, including love, joy, peace, and forgiveness.

    Read Also Amos Josiah Dangut Biography: 12 things to know about WAEC Nigeria new boss

    President Bola Tinubu assumed office as Nigeria’s 16th president on May 29, succeeding his predecessor, Muhammadu Buhari. Since then, he has taken decisive steps to address pressing issues inherited from previous administrations.

    In his Independence Day speech, President Tinubu described the Central Bank of Nigeria as a den of malfeasance, vowing to expose the rot within the apex bank. He has also raised concerns over the alarming debt accumulation left by his predecessor, which saw the country servicing debt with 90 percent of its revenue.

    President Tinubu’s policies, such as the removal of the petrol subsidy and the floatation of the naira, have garnered both praise and criticism. While these measures have been lauded by economic experts, they have triggered food inflation, increased transportation costs, and led to the devaluation of the naira.

    In response to the challenges faced by Nigerians due to these policies, President Tinubu recently announced a series of interventions aimed at cushioning the effects of the prevailing economic hardships in the country.

    As Nigeria navigates these complex issues, President Tinubu and his administration remain dedicated to finding solutions, emphasizing the need for unity, hope, and resilience among Nigerians as they work towards a brighter future.

  • Supreme Court Will Reject Any Document from U.S. – Tinubu’s Lawyers

    Supreme Court Will Reject Any Document from U.S. – Tinubu’s Lawyers

    President Bola Tinubu’s legal team has firmly stated that any documents obtained by the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, from the United States court will hold no significance in his appeal at the Supreme Court.

    The revelation came from one of President Bola Tinubu’s attorneys, Oluwole Afolabi, who delivered this crucial message via a WhatsApp voice note, explaining the consequences of Judge Nancy Maldonado’s ruling.

    Read Also Amos Josiah Dangut Biography: 12 things to know about WAEC Nigeria new boss

    Previously, Ejes Gist Newspaper reported that Judge Maldonado had ordered Chicago State University to release the president’s academic credentials by Monday. She warned the defendant not to entertain the thought of another appeal, as it would be summarily dismissed.

    Atiku Abubakar’s aim was to present Mr. Tinubu’s academic records at the Supreme Court in an effort to prove that the president’s certificate submitted to the Independent National Electoral Commission was fraudulent, and that he was unqualified to run for the presidency.

    However, Mr. Afolabi emphasized, “The Electoral Act does not permit the introduction of new evidence on appeal. Parties must provide a list of the documents they intend to rely on at the time their petition is filed.”

    Read Also : Diezani gets £70,000 bail in alleged £100,000 bribery trial

    He added, “A party cannot spring surprises on his adversary by introducing evidence that was not filed along with the petition.”

    Babatunde Ogala, a Senior Advocate of Nigeria and Mr. Tinubu’s personal lawyer, concurred with this stance, stating, “The headless mob is fixating on something that holds no value. The documents can no longer be used. We have moved beyond that stage.”

    Ogala went on to address the key questions at the heart of this legal battle, saying, “One question is whether President Tinubu attended Chicago State University. The answer is yes. Second, what were his grades in school? The school had already provided that.”

    In light of this development, Atiku Abubakar’s legal strategy faces a significant setback as his attempt to introduce new evidence into the case has been unequivocally rejected by Tinubu’s legal team. The Supreme Court’s decision on this matter is eagerly anticipated as it continues to be a focal point in the ongoing political dispute.

  • Amos Josiah Dangut Biography: 12 things to know about WAEC Nigeria new boss

    Amos Josiah Dangut Biography: 12 things to know about WAEC Nigeria new boss

    Dr. Amos Josiah Dangut Biography, Age, career, State and all you need to know about the WAEC Nigeria Boss. 

    Dr. Amos Josiah Dangut, a distinguished figure in the realm of education, has been appointed as the Head of the Nigeria National Office of the West African Examinations Council (WAEC). This significant appointment comes as a testament to his unwavering commitment to the field of education and his outstanding contributions over the years.

    Here are eleven key insights into the life and career of Dr. Dangut:

     

    Early Life and Birthplace

    Dr. Amos Josiah Dangut was born on October 2, 1967, in the serene Mbar District of Bokkos Local Government Area, Plateau State. His early years were marked by a quest for knowledge and a passion for learning.

     

    Educational Foundation

    His educational journey began at Government Secondary School, Riyom, where he attended from 1981 to 1983. Later, he enrolled at the Government Science School, Kuru, and completed his studies there from 1983 to 1986, culminating in the attainment of his West African Senior School Certificate (WASC/SC) in 1986. These formative years laid the groundwork for his future academic pursuits.

    Amos Josiah Dangut Biography, Wikipedia Profile.

    Name Dr. Amos Josiah Dangut
    Date of Birth October 2, 1967
    Place of Birth Mbar District, Bokkos,
    State Plateau
    Occupation Journalist, News Editor, News Online Publisher
    Religion Christianity
    Net worth over ₦100, 000,000

    Pursuit of Higher Education

    Driven by a desire to expand his horizons, Dr. Dangut pursued a Bachelor of Agriculture degree in Animal Production at the University of Agriculture, Makurdi, Benue State, and graduated in 1991. This marked a significant milestone in his educational journey.

    Also See Tupac Shakur Biography: life and legacy as 2Pac’s Killer Is Arrested

    Early Career at WAEC

    Dr. Dangut’s professional journey at the West African Examinations Council (WAEC) began in July 1998 when he assumed the role of Assistant Registrar/Subject Officer within the Test Development Division at the WAEC Lagos office. This marked the initiation of his dedicated service to the field of education.

     

    Rising Through the Ranks

    His dedication and exceptional leadership skills led him to various roles within WAEC. Notably, he served as the Senior Assistant Registrar/Head of Examinations Security and Deputy to the Branch Controller at the Uyo Branch Office, contributing to the smooth and secure administration of examinations. His tenure in this position extended from January 2005 to January 2008.

    Read Also Olayemi Cardoso Biography: All you need to know about the New CBN Governor

    Commitment to Examination Integrity

    Dr. Dangut’s commitment to upholding the integrity of examinations continued as he assumed the role of Senior Assistant Registrar/Head of Examinations Security and Deputy to the Branch Controller at the Bauchi Branch Office, where he served between January 2008 and December 2011.

     

    Branch Leadership

    His contributions extended to the Yola Branch Office, where he took on the role of Senior Assistant Registrar/Branch Controller, overseeing various aspects of examination processes within the region. This role spanned from December 2011 to January 2019.

     

    Amos Josiah Dangut Biography: Post Examinations Department

    Dr. Dangut’s leadership journey also saw him excel as the Deputy Registrar/Controller of the Post Examinations Department, a role he held from January 2019 to October 2020. In this capacity, he played a crucial role in ensuring the accuracy and integrity of examination results.

     

    Zonal Coordination

    In addition to his extensive administrative roles, Dr. Dangut served as Deputy Registrar/Zonal Coordinator at the Ikeja Zonal Office, further demonstrating his versatility and ability to manage educational initiatives effectively.

     

    Amos Josiah Dangut Biography: Scholarly Contributions

    Beyond his administrative achievements, Dr. Dangut is recognized as an astute scholar. His contributions to the field of education are well-documented, with numerous educational publications featured in both international and national journals. His dedication to research and scholarship enriches the discourse on education.

     

    Keynote Speaker and Conference Presenter

    In addition to his scholarly pursuits, Dr. Dangut has been an active participant in educational conferences and fora. He has presented numerous keynotes and papers at both international and national conferences, contributing significantly to the global conversation on education.

    Appointment as Head of WAEC Nigeria

    Dr. Amos Josiah Dangut’s appointment as the Head of the Nigeria National Office of WAEC on October 2, 2023, underscores his unwavering commitment to education and his exemplary service to the organization. His leadership is poised to further uphold WAEC’s mission of ensuring the quality and integrity of educational assessments across West Africa.

     

    Dr Amos Josiah Dangut is said to be worth over  ₦100, 000,000 according to available information

  • Diezani gets £70,000 bail in alleged £100,000 bribery trial

    Diezani gets £70,000 bail in alleged £100,000 bribery trial

    Former Nigerian Petroleum Minister, Diezani Alison-Madueke, Appears in UK Court Over £100,000 Bribe Allegation.

     

    LONDON, United Kingdom – Former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, appeared before the Westminster Magistrates Court in the United Kingdom on Monday, facing allegations of accepting a £100,000 bribe.

     

    District Judge Michael Snow presided over the hearing and granted Alison-Madueke bail, setting it at £70,000. The judge also imposed several conditions on her, including an 11 pm to 6 am curfew, the requirement to wear an electronic tag at all times, and a £70,000 surety to be paid before leaving the court building.

     

    During her appearance at Westminster Magistrates Court, Alison-Madueke provided her name, date of birth, and address. Although she did not formally enter a plea, her attorney, Mark Bowen, informed the court that she would plead not guilty, as reported by Reuters.

    Read Also Breaking: Court Sacks Another APC Governor, Abdullahi Sule

    The next court appearance for Diezani Alison-Madueke is scheduled for October 30 at Southwark Crown Court, which handles serious criminal cases.

     

    The UK’s National Crime Agency (NCA) had previously stated in August that it suspected Alison-Madueke of accepting bribes in exchange for awarding multi-million-pound oil and gas contracts. In a statement on its website, the NCA alleged that she had benefited from at least £100,000 in cash, luxury items, and services, including chauffeur-driven cars, private jet flights, and family vacations.

     

    The charges against her also detail financial rewards such as furniture, property renovation, private school fees, and gifts from high-end designer shops like Cartier and Louis Vuitton.

     

    In March 2023, the NCA provided evidence to the US Department of Justice that led to the recovery of assets totaling USD 53.1 million linked to Diezani’s alleged corruption.

    Read Also Labour Party loses as Court delivers ruling on Rivers Governorship Election

    Andy Kelly, the head of the NCA’s international corruption unit, stated, “These charges are a milestone in what has been a thorough and complex international investigation. Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries. We will continue to work with partners here and overseas to tackle the threat.”

     

    Diezani Alison-Madueke had previously faced legal issues in the UK when she and four others were arrested in October 2015 over alleged bribery and money laundering offenses. She was granted bail but had her passport seized, and she was required to report to the Charing Cross police station.

     

    Diezani Alison-Madueke served as the Minister of Petroleum Resources from 2010 to 2015 during the administration of former President Goodluck Jonathan. The Economic and Financial Crimes Commission (EFCC) in Nigeria had alleged that she embezzled $2.5 billion from the Nigerian government during her tenure as minister.

  • Breaking: Court Sacks Another APC Governor, Abdullahi Sule

    Breaking: Court Sacks Another APC Governor, Abdullahi Sule

    Tribunal Declares David Umbugadu of PDP Winner of Nasarawa Governorship Election

     

    NASARAWA, Nigeria – In a landmark ruling, the governorship election tribunal sitting in Nasarawa has ousted Governor Abdullahi Sule of the All Progressives Congress (APC) and declared David Umbugadu of the Peoples Democratic Party (PDP) as the rightful winner of the election.

    The tribunal’s decision, delivered by two out of the three justices, led by Justice Ezekiel Ajayi, determined that Governor Abdullahi Sule was not validly elected to lead the state.

    This development comes as a significant twist in the political landscape of Nasarawa State, where the APC had initially claimed victory in the governorship election.

    Read Also Labour Party loses as Court delivers ruling on Rivers Governorship Election

    David Umbugadu, representing the PDP, had challenged the outcome of the election, alleging irregularities and discrepancies in the electoral process. The tribunal’s decision to uphold his petition has now led to a change in leadership.

    The ruling is expected to have far-reaching implications for the state’s political dynamics, as David Umbugadu is set to take the reins as the new Governor of Nasarawa.

    This decision also highlights the critical role that election tribunals play in upholding the integrity of the electoral process and ensuring that the will of the people is accurately reflected in the outcome of elections.

     

    As the state adjusts to this new political landscape, it remains to be seen how the transition of power will unfold and how Governor-elect David Umbugadu will steer the affairs of Nasarawa State in the coming years.

     

    See reactions.

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    Details to come

  • Labour Party loses as Court delivers ruling on Rivers Governorship Election

    Labour Party loses as Court delivers ruling on Rivers Governorship Election

    Tribunal Rejects Labour Party’s Petition in Rivers Governorship Election.

     

    ABUJA, Nigeria – In the ongoing Rivers State Governorship Election petition, the tribunal has dismissed the petition brought forward by the candidate of the Labour Party (LP), Beatrice Itubo. Itubo had contested the declaration of the Peoples Democratic Party’s (PDP) Simnalaye Fubara as the winner of the 2023 governorship election in the State.

    The Tribunal, currently convening in Abuja, is addressing petitions filed by both the LP and the All Progressives Congress (APC) candidate, Tonye Cole.

    Read Also WAEC Announces New Appointment for National Office Head

    Beatrice Itubo, who sought to have the tribunal declare her as the victor of the polls, had finished third in the election. Her challenge to the election results has been met with this rejection by the tribunal.

    As the hearing unfolds, more details are expected to emerge regarding the outcome of the petitions filed by the LP and the APC candidate, Tonye Cole, in relation to the Rivers State Governorship Election. Stay tuned for updates on this developing story.

  • WAEC Announces New Appointment for National Office Head

    WAEC Announces New Appointment for National Office Head

    Dr. Amos Dangut Appointed as New Head of WAEC’s National Office.

     

    LAGOS, Nigeria – The West African Examinations Council (WAEC) has announced the appointment of Dr. Amos Dangut as its new Head of National Office (HNO), succeeding Mr. Patrick Areghan, whose tenure recently concluded.

    Dr. Dangut’s appointment was made public in a statement issued by Mrs. Moyosola Adesina, Acting Head of Public Affairs at WAEC. Dr. Dangut, who had previously served as the Deputy Registrar of the HNO’s office, assumes his new role with a wealth of experience within the organization.

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    Mr. Patrick Areghan, who stepped down as the Head of National Office on October 1, 2023, had taken over the position on March 5, 2020, and during his tenure, he made significant contributions to the council.

    Dr. Dangut’s journey within WAEC began in 1998 when he joined as an Assistant Registrar (AR) II. Over the years, he diligently climbed the ranks to become a Deputy Registrar in April 2018. His dedication and commitment to the organization were further recognized when he received the Nigeria Examinations Committee’s commendation for transparent conduct of examinations from 2000 to 2006.

    Throughout his career at WAEC, Dr. Dangut served in various capacities, including as an Assistant Registrar/Subject Officer of Examinations Security and Deputy to the branch Controller at the Uyo office between January 2005 and January 2008. He later took on the role of Senior Assistant Registrar/Head of Examinations Security and Deputy to the branch Controller at the Bauchi office from January 2008 to December 2011.

    Read Also Kwankwaso Hits Back at Tinubu over Ganduje, Promises He Will Regret It

    Continuing his impactful journey, Dr. Dangut held the position of Senior Assistant Registrar/Branch Controller at the Yola office from December 2011 to January 2019 and subsequently served as Deputy Registrar/Controller of the Post Examinations Department from January 2019 to October 2020.

    In addition to his administrative roles, Dr. Dangut also served as Deputy Registrar/Zonal Coordinator at the Ikeja Zonal Office.

    Notably, during his 25 years of dedicated service, Dr. Dangut championed the innovative use of Information and Communications Technology (ICT) to enhance various processes related to Test Development, Test Administration, and Post Test Activities within WAEC.

    Beyond his administrative roles, Dr. Dangut is recognized as an accomplished scholar, with numerous educational publications featured in both international and national journals. He has also delivered keynotes and presented papers at various international and national conferences and fora.

    Dr. Dangut’s commitment to education is further demonstrated through his active membership in organizations such as the Science Teachers Association of Nigeria (STAN) and the Nigeria Institute of Management (NIM).

    His appointment as the new Head of National Office signifies a new chapter for WAEC under the leadership of Dr. Amos Dangut, who brings a wealth of experience and innovation to the role. WAEC remains dedicated to its mission of ensuring the integrity and quality of educational assessments across West Africa.

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  • Dollar to Naira Black Market Exchange Rate Today – October 2, 2023: Abokifx Dollar Rate

    Dollar to Naira Black Market Exchange Rate Today – October 2, 2023: Abokifx Dollar Rate

    Dollar to Naira Black Market Exchange Rate Today – October 2, 2023: Abokifx Dollar Rate Today.

    In the ever-evolving financial landscape of Nigeria, the Dollar to Naira Black Market Exchange Rate, also known as the parallel market, has seen the US dollar gain more ground against the Nigerian naira. This unofficial market, where foreign currencies are traded without official government approval, has become a preferred reference point for many Nigerians. It is considered a more accurate reflection of the real economic situation compared to the official exchange rates.

    What is the Dollar to Naira Black Market Exchange Rate, specifically on October 2, 2023?

    According to reports from bureau de change (BDC) operators, the black market exchange rate for the US dollar to naira stands as follows:

    • Buying: 1000 NGN for $1
    • Selling: 1005 NGN for $1

    In simple terms, black market traders are buying one US dollar for 1000 naira from customers and selling it for 1005 naira, indicating a considerable difference compared to official rates.

    Read Also Dollar to Naira Exchange Rates: CBN and Bank Rates as of October 2, 2023

    Speaking of official rates, the Central Bank of Nigeria (CBN) sets its own exchange rates, and as of October 2, 2023, they were as follows:

    • Buying: 770.50 NGN for $1
    • Selling: 772.50 NGN for $1

    Under these official rates, the CBN purchases one US dollar for 772.50 naira and sells it for 770.50 naira through authorized dealers.

    Additionally, data reveals that the average bank exchange rate for the dollar to naira on the same date was:

    • Buying: 790 NGN for $1
    • Selling: 782.20 NGN for $1

    This means that banks were selling one US dollar for 782.20 naira and buying it from customers for 790 naira.

    Now, let’s delve into the factors contributing to the depreciation of the naira against the dollar:

    1. Oil Prices: Nigeria heavily relies on oil exports for foreign exchange earnings. When oil prices drop, it diminishes Nigeria’s forex inflow and negatively impacts its balance of payments.

    2. Forex Demand: Nigeria faces substantial demand for forex to cover imports, service debts, repatriate profits, and meet various obligations. This high demand often surpasses the available supply, putting pressure on the naira.

    3. Forex Supply: Nigeria’s forex supply stems from sources like oil exports, non-oil exports, remittances, investments, loans, and reserves. These supplies can be influenced by external factors such as oil price fluctuations, global economic conditions, sanctions, and currency conflicts.

    4. CBN Policies: The Central Bank of Nigeria employs various policies and interventions to manage the naira’s exchange rate and stabilize the forex market. These measures include the multiple exchange rate system, the forex ban list, the forex allocation system, the forex intervention program, and the forex futures market.

    Dollar to Naira Black Market Exchange Rate

    5. Market Sentiments: Sentiments in the market, including expectations, confidence, speculation, rumors, and emotions, play a significant role in influencing the demand and supply of forex. They can affect the behavior of forex dealers and customers.

    The exchange rate of the dollar to naira serves as a crucial economic indicator for Nigeria’s performance and stability. This rate fluctuates across different markets, including the CBN, banks, and the black market. While the CBN and bank rates are officially regulated, the black market rate is determined by market forces.

    What is the Dollar to Naira Black Market Exchange Rate today.

    As of October 2, 2023, the CBN exchange rate for the dollar to naira was 772.50 NGN for $1, the bank exchange rate stood at 782.20 NGN for $1, and the black market rate was 1005 NGN for $1.

  • Dollar to Naira Exchange Rates: CBN and Bank Rates as of October 2, 2023

    Dollar to Naira Exchange Rates: CBN and Bank Rates as of October 2, 2023

    Dollar to Naira Exchange Rate Today: CBN, Bank, and Black Market Rates.

     

    The Nigerian naira has faced substantial challenges in recent months, primarily due to the fluctuating oil prices and a shortage of foreign exchange. This has led to a significant depreciation of the naira against the US dollar in both official and parallel markets, resulting in a substantial disparity between the two exchange rates.

    In this informative post, we aim to provide you with the most up-to-date information on the exchange rates of the dollar to naira within the Central Bank of Nigeria (CBN) and bank markets. Additionally, we will explore the factors contributing to these fluctuations and compare them with the often-referenced black market rate.

    What is the Current Dollar to Naira Exchange Rate According to CBN?

    The CBN exchange rate represents the official rate at which the Central Bank of Nigeria conducts transactions involving foreign currencies with authorized dealers, including banks and bureaux de change (BDCs). The CBN closely manages the foreign exchange supply and demand within the country through various policies and interventions.

    According to the latest information available on the CBN’s official website, the exchange rate of the dollar to naira as of October 2, 2023, stands at:

    • Buying: 770.50 NGN for $1
    • Selling: 772.50 NGN for $1

    This indicates that the CBN sells one USD for ₦772.50 and buys one US dollar for 770.50 naira from authorized dealers.

    What is the Dollar to Naira Exchange Rate in Banks?

    The bank exchange rate, on the other hand, reflects the rate at which commercial banks buy and sell foreign currencies to their customers. Banks are licensed foreign exchange dealers and source their foreign currency from various channels, including the CBN, remittances, exports, and investments.

     

    It’s important to note that the bank exchange rate may vary among different banks, influenced by factors such as forex availability, demand, and profit margins. Nevertheless, banks are expected to adhere to the CBN’s guidelines and regulations governing forex transactions.

    Based on information from Investors King, a reputable digital business news platform, the average bank exchange rate of the dollar to naira as of October 2, 2023, is as follows:

    • Buying: 790 NGN for $1
    • Selling: 782.20 NGN for $1

    This means that banks sell one US dollar for 782.20 naira and buy one US dollar for 790 naira from their customers.

    Comparison with the Black Market Exchange Rate

    The black market exchange rate is determined by unofficial dealers, including street vendors and online platforms, who buy and sell foreign currencies. This rate is often influenced by factors like speculation, hoarding, panic buying, and other variables not regulated by the CBN.

    Typically, the black market rate tends to be higher than both the CBN and bank rates, reflecting the scarcity and volatility of forex in the country. Many Nigerians often refer to the black market rate as it is seen as a more accessible and realistic indicator.

    According to Investors King, the black market exchange rate of the dollar to naira as of October 2, 2023, is as follows:

    • Buying: 1000 NGN for $1
    • Selling: 1005 NGN for $1

    This implies that black market dealers sell one USD for ₦1005 and buy one USD for ₦1000 from their customers.

    Factors Influencing the Dollar to Naira Exchange Rate

    Several internal and external factors contribute to the fluctuations in the dollar to naira exchange rate. Some of these influential factors include:

    1. Oil Prices: Nigeria’s economy heavily relies on revenue generated from oil exports. Therefore, fluctuations in global oil prices significantly impact Nigeria’s foreign exchange earnings.
    2. Forex Demand: Nigeria experiences a high demand for foreign exchange to facilitate the importation of goods and services, service debts, repatriate profits, and fulfill other financial obligations. This consistently high demand often exceeds the available supply, placing pressure on the naira’s value.

    As the currency markets continue to evolve, these factors will continue to play a crucial role in determining the exchange rate of the dollar to naira. Stay informed about the latest developments to make well-informed financial decisions.

  • Kwankwaso Hits Back at Tinubu over Ganduje, Promises He Will Regret It

    Kwankwaso Hits Back at Tinubu over Ganduje, Promises He Will Regret It

    Rabiu Musa Kwankwaso, the presidential candidate of the New Nigeria People’s Party (NNPP), has unleashed a scathing criticism of the National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje. Kwankwaso has also made a bold prediction that President Bola Tinubu would face significant challenges in his second term bid in 2027, attributing this to his association with Ganduje, whom he termed a liability.

    The verbal battle between Kwankwaso and Ganduje has escalated in recent days, with Ganduje describing Kwankwaso as a serial loser. However, Kwankwaso fired back, labeling Ganduje as treacherous and asserting that Tinubu’s political future could be in jeopardy due to his connection with Ganduje.

    Speaking at the NNPP’s national secretariat in Abuja while hosting Haliru Dauda Jika, the NNPP governorship candidate in the 2023 election who formally defected to the APC, Ganduje accused Kwankwaso of being a selfish individual known for deceiving people and switching allegiances when his desires are not met.

    Read Also Tinubu Must Resign Now over Alleged fake Chicago Certificate, Says Ex-Aviation Minister

    In response, NNPP’s National Publicity Secretary, Yakubu Shendam, released a statement asserting that Ganduje is a liability to the APC and suggesting that he is incapable of securing victory for Tinubu in the 2027 election. The NNPP questioned Ganduje’s credibility, citing alleged scandals surrounding him, and contended that the APC, under his leadership, is a declining party.

    Furthermore, the NNPP pointed out that Ganduje had never won an election in his political career except for the one in 2015 when Kwankwaso secured victory for him as governor. The NNPP warned against any attempt by the APC to take control of Kano through unconventional means, emphasizing that the people of Kano and conscientious judges would resist such efforts.

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    The statement from the NNPP concluded by asserting that Ganduje’s leadership could lead to President Tinubu’s loss in the 2027 presidential election due to the perceived untrustworthiness associated with him. The party called on Tinubu to reconsider his association with Ganduje, considering the potential consequences for his political career.

    As the verbal sparring continues between these political figures, the impact of their statements on the future of the APC and Nigerian politics remains a topic of speculation.

  • Tinubu Must Resign Now over Alleged fake Chicago Certificate, Says Ex-Aviation Minister

    Tinubu Must Resign Now over Alleged fake Chicago Certificate, Says Ex-Aviation Minister

    Former Minister of Aviation Calls for President Tinubu’s Resignation Amid Certificate Controversy

    In a bold statement, former Nigeria’s Minister of Aviation, Osita Chidoka, has called for President Bola Ahmed Tinubu to step down from his position to save Nigeria from shame and national embarrassment amidst the ongoing controversy surrounding Tinubu’s Chicago State University certificate.

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    Chidoka made this demand through a post on his official social media account, emphasizing that the issue regarding Tinubu’s certificate extends beyond mere legalities. He stated:

    “For me, the issue is beyond legalism. If, and that is a big if, the certificate is forged, President Tinubu should resign immediately. It is not a legal matter but a national honor and moral issue. If he does not, the National Assembly should take necessary action to restore our dignity as a people. I also expect the Supreme Court to rise to the occasion and restore order to our electoral process.

    Read Also NLC and TUC Meet Over Provisional Pay Offer For Workers Today

    Chidoka’s statement comes in the wake of proceedings in a US court related to the discovery of information concerning President Tinubu’s academic qualifications. He expressed disappointment that it took the activism of former Vice President Atiku Abubakar to force this discovery, deeming it a disgrace to Nigeria’s national institutions.

    Breaking: US Court orders Chicago State University to immediately release Bola Tinubu’s Academic records 

    The former Minister of Aviation questioned why multiple national institutions, including the Department of the State Security, the National Intelligence Agency, the Independent National Electoral Commission, the Nigerian Embassy in Washington DC, and the Nigerian Judiciary, have been unable to provide a definitive conclusion regarding President Tinubu’s academic qualifications over the past 23 years.

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    He described this as a national tragedy and called for a constitutional amendment to resolve all election-related cases before the assumption of office.

    Chidoka further underscored the importance of the President’s academic qualifications and the need for national institutions to conduct due diligence to prevent potential security risks. He urged a comprehensive reorganization of the national security system and reforms within the judiciary to enhance transparency and public oversight.

    Ultimately, Chidoka’s statement emphasizes the significance of the ongoing controversy and its potential implications for Nigeria’s reputation and integrity on the global stage.

  • Nigeria’s $30-for-30 Days Minimum Wage Extremely Poor – LCCI

    Nigeria’s $30-for-30 Days Minimum Wage Extremely Poor – LCCI

    LCCI Calls for Urgent Review of Nigerian Workers’ Minimum Wage Amidst Economic Challenges.

    Lagos, Nigeria – The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the current minimum wage for Nigerian workers, which stands at $30 for 30 days, describing it as extremely inadequate. In its Independence Day message, the chamber called for an immediate upward revision of the wage structure.

    Read Also NLC and TUC Meet Over Provisional Pay Offer For Workers Today

    The LCCI’s assessment of the past 63 years revealed that the Nigerian economy had underperformed, leading to significant implications for the well-being of citizens and a growing sense of uncertainty. The nation is grappling with a range of daunting economic challenges, including high inflation, a weakening currency, dwindling reserves, reduced household purchasing power, mounting debt, surging unemployment, widening income disparities, and elevated poverty levels.

    Despite these formidable challenges, the LCCI commended Nigerians for their resilience in promoting democracy and positioning the country as a source of pride in Africa since 1999. Nigeria’s unwavering support for democracy has earned it considerable goodwill, solidifying its status as one of the few stable democracies on the continent.

    Read Also 20 Confirmed Dead in Delta Tanker Explosion

    Asiwaju Michael Olawale-Cole, the President of LCCI, acknowledged that the current administration had implemented far-reaching policy reforms, including the removal of fuel subsidies, exchange rate harmonization, and tax reforms, in an effort to reshape the country’s growth trajectory. He stressed the importance of maintaining market-friendly policies and fostering macroeconomic stability to achieve optimal growth and enhance the well-being of citizens.

    List of minimum wage in African countries in Dollars

    The LCCI also recognized that these reforms had impacted vulnerable workers and low-income earners, prompting a call for the urgent review of the wage structure. Olawale-Cole emphasized that with a high inflation rate, volatile exchange rates, low GDP growth, weak infrastructure, and security concerns, it was imperative for the federal government to address these macroeconomic issues and security challenges.

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    Regarding the business environment, the LCCI President highlighted several pressing issues, including poor power supply, which has steadily declined since Independence. He advocated for a shift toward renewable energy and decentralizing the national power grid to mitigate this issue.

    Furthermore, Olawale-Cole emphasized the worsening security situation, which has deterred investment inflows and negatively impacted Nigeria’s global image among the investment community. Addressing infrastructure challenges, he noted that significant and sustained investment of approximately $14.2 billion annually over the next decade, equivalent to about 12 percent of GDP, was required to tackle these issues effectively.

  • NLC and TUC Meet Over Provisional Pay Offer For Workers Today

    NLC and TUC Meet Over Provisional Pay Offer For Workers Today

    Labour Unions and Government Consider Resolution Amid PMS Subsidy Dispute.

    Abuja, Nigeria – Officials from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are set to convene today to deliberate on the offers presented by the federal government following intensive discussions aimed at resolving the ongoing dispute arising from the removal of the subsidy on Premium Motor Spirit (PMS), according to information obtained by our correspondent last night.

     

    The discussions, which took place during a meeting at the Presidential Villa in Abuja yesterday, led to several key agreements. Meanwhile, President Bola Tinubu has granted approval for a provisional wage award of N35,000 to all treasury-paid federal government workers for a period of six months. This decision came after further consultations with the government delegation, which had engaged with the leadership of NLC and TUC on Sunday.

    Read Also 20 Confirmed Dead in Delta Tanker Explosion

    Recall that during the meeting between both parties, the federal government had reaffirmed its commitment to expedite the deployment of Compressed Natural Gas (CNG) buses as a measure to alleviate the public transportation challenges arising from the removal of the PMS subsidy.

    Additionally, the government pledged funding support for micro and small-scale enterprises, a VAT waiver on diesel for the next six months, and the payment of N75,000 to 15 million households for a three-month period from October to December 2023, at a rate of N25,000 per month. The ongoing issue between the Road Transport Employees Association of Nigeria (RTEAN) and the National Union of Road Transport Workers (NURTW) in Lagos State was also addressed.

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    However, the federal government emphasized that unresolved issues could only be effectively addressed when workers are actively engaged in their roles and not during a strike. Consequently, the NLC and TUC have agreed to consider the government’s offers, with the possibility of temporarily suspending the planned strike to facilitate further consultations regarding the implementation of the aforementioned resolutions.

    After presiding over the meeting, Speaker of the House of Representatives, Femi Gbajabiamila, stated that the discussions covered critical matters such as the wage bill, committees on salary increments, and the provision of CNG buses, among others. He announced that the wage bill would benefit all categories of workers, dispelling concerns raised on social media.

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    Gbajabiamila remarked, “There was a lot of chatter on Twitter about the issue of low-income workers only falling into the category of the wage bill. They spotted that, and we communicated that to Mr. President, and he quickly said and agreed that all categories of workers will be given the wage bill. There’s nothing like low-income, mid-income, or high-income. I think that’s worthy of clarification tonight.”

    He encouraged labour representatives to hold meetings with their respective branches and executives to present the agreements, expressing hope that the strike would be called off by Tuesday.

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    NLC President Joe Ajaero echoed this sentiment, emphasizing substantial progress in the negotiations and the commitment to translate government promises into practical solutions for workers. Ajaero highlighted the necessity of consulting with their labour organizations and noted that the decision to call off the strike would require approval from the relevant labour bodies. He concurred with the hopeful outlook expressed by the chief of staff, describing the situation as straightforward.

  • 20 Confirmed Dead in Delta Tanker Explosion

    20 Confirmed Dead in Delta Tanker Explosion

    Tragedy Strikes in Koko, Warri North: Petrol Tanker Explosion Claims Lives.

    Koko, Warri North Local Government Area, Delta State – A horrifying incident shook the community of Koko in the Warri North local government area of Delta State as a petrol tanker explosion claimed multiple lives, estimated to be around 20 individuals. The calamity unfolded yesterday morning when a group of residents rushed to the scene to collect fuel from the burning vehicle.

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    Unofficial sources reported a staggering death toll of 20, with numerous others suffering from severe burns. However, Bright Edafe, the spokesperson for the state police command, provided a different account, stating that the fire tragically claimed the lives of five youths who had come to collect spilled fuel.

    The intensity of the blaze had far-reaching consequences, engulfing numerous properties, including the fallen tanker itself, eight buses of various makes, two additional tankers, five trailers, two motorcycles, a Siena Space bus, and a ‘C’ Class Mercedes Benz car.

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    Eyewitnesses shed light on the tragic sequence of events, with one resident, known only as Salvation, recounting that the explosion occurred when fuel was ignited by a spark from a phone held by one of the residents attempting to collect fuel from the tanker.

    A local trader added to the grim narrative, alleging that over 20 bodies, including three children and a pregnant woman, were consumed by the inferno. He stated, “I was in my shop when I heard the tanker fell. People were scooping fuel from it when the fire started after a spark from a phone.

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    Three children died, and we have counted over 20 bodies. A pregnant woman who wanted to buy the fuel also died. Security men tried to prevent them, but the youths were not bothered because it is their community. They came in their numbers carrying all sorts of containers.”

    As the community grapples with the aftermath of this tragedy, Governor Sheriff Oborevwori expressed his condolences to the families of the victims. He attributed this unfortunate incident to the poor state of federal roads and urged the federal government to expedite action in reconstructing the failed portions of the road.

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    The governor also issued a cautionary message, emphasizing the risks associated with attempting to collect fuel from a fallen tanker, which he described as a ticking time bomb waiting to explode.

    In a statement released by his chief press secretary, Sir Festus Ahon, in Asaba, Governor Oborevwori expressed deep sympathy for the families affected by this devastating event, highlighting the need for both immediate assistance and long-term solutions to prevent such tragedies in the future.