Ejes Gist News

Month: December 2023

  • Peter Obi Raises Alarm as Reading Culture Among Nigerian Youths Declines, Points Finger at Poor Educational System

    Peter Obi Raises Alarm as Reading Culture Among Nigerian Youths Declines, Points Finger at Poor Educational System

    The 2023 Labour Party Presidential candidate, Peter Obi, expressed deep concern over the dwindling reading habits among Nigerian youths, attributing the decline to a combination of factors, including a flawed educational system.

    Peter Obi, through his official X handle on Saturday, acknowledged the pivotal role that reading plays in Nigeria’s educational development. He bemoaned the pervasive poor reading culture, citing issues such as an overwhelming desire for materialism, the absence of functional libraries, and a scarcity of reading materials as contributing factors.

    Read also: List of Top Celebrities and Prominent Nigerians who died in 2023

    The former Presidential candidate took to Twitter to convey his sentiments, stating, “Reading remains a very important aspect of our educational development, which must be encouraged always. Sadly, the reading culture among Nigerian youths has continued to decline due to a poor educational system, an inordinate desire for materialism, a lack of reading materials and functional libraries, and above all, the dying passion for reading among the youths.”

    Peter Obi did not stop at highlighting the problem but also issued a call to action for Nigerian youths to reignite their interest in books. He emphasized the transformative power of reading, asserting that it nurtures critical thinking and analytical abilities crucial for success in today’s intricate world.

    “Readers are leaders they say. Reading will help the youths to build their critical thinking and analytical ability to succeed in an ever-complex world,” he tweeted.

    The Labour Party stalwart concluded his statement by reiterating his commitment to fostering a “New Nigeria” that actively supports and encourages the nation’s talented youth. He envisions a future where these youths can discover their innate abilities, pursue their passions, and hone their skills for the collective progress of society.

    Read also: List of Top Celebrities and Prominent Nigerians who died in 2023

    As the debate on education reform continues, Obi’s advocacy for a resurgence in reading culture among Nigerian youths underscores the importance of addressing systemic issues to secure a brighter educational future for the nation.

  • List of Top Celebrities and Prominent Nigerians who died in 2023

    List of Top Celebrities and Prominent Nigerians who died in 2023

    Notable Figures and Leaders Mourned: A Recap of Prominent Personalities Lost in 2023

    As we bid farewell to 2023, it is with a heavy heart that we reflect on the year that saw the departure of several influential individuals across various fields. From the realms of entertainment to politics, the world said goodbye to figures whose impacts transcended borders. In this article, we take a somber journey through the months, paying tribute to those who left an indelible mark on our collective consciousness.

    January: The year commenced with the shocking loss of prominent Nigerian filmmaker, Peace Anyiam-Osigwe, affectionately known as ‘The Queen of Nollywood Movies.’ Her contributions to the entertainment industry, including founding the Africa Movie Academy Awards (AMAA), left an enduring legacy. Additionally, Nollywood mourned the passing of actor Sunday Akanbi Akinola and the iconic ‘Papa Ajasco,’ Femi Ogunronmbi.

    February: In February, the legal fraternity grieved the demise of Oyibo Chukwu, former Chairman of the Nigerian Bar Association, Enugu State Branch. His tragic death, just days before the election, cast a pall over the legal community.

    March: March marked the passing of revered Nollywood actor, Ojo Arowosafe, widely known as Fadeyi Oloro. His mastery of Yoruba incantations made him a standout figure in the industry. The month also saw the untimely death of PDP governorship candidate Uchenna Ikonne.

    Read Also Insecurity: Tinubu can’t fix in 6 months what Buhari failed at in 8 years – Shehu Sani

    April: The journalistic world mourned the loss of Osajele Aizegbeobor Enahoro, aka ‘Peter Pan.’ His impactful career as a Nigerian journalist and publisher earned him the distinction of editing a national newspaper at the young age of 27.

    May: The month of May unfolded as one of the most unfortunate periods, witnessing the demise of renowned pop artist Chris Mba, ex-Nigerian youth international Mike Onyemachara, and the beloved actor Saint Obi. Additionally, political circles were saddened by the passing of PDP Southwest Vice-Chairman Soji Adagunodo.

    Read Also Plateau killings: Why military failed to stop killing of over 200 Nigerians – Defence HQ

    June: The international community mourned the death of former Italian President and AC Milan owner Silvio Berlusconi, marking the end of an era for Italian politics and football.

    July: The First Minister of the Federal Capital Territory, Chief Mobolaji Ajose-Adeogun, bid farewell in July. President Bola Tinubu paid tribute to the distinguished statesman for his significant contributions to national development.

    August: The Christian community mourned the passing of Pastor Taiwo Odukoya, Senior Pastor of The Fountain of Life Church. His unwavering leadership and resilience in the face of personal tragedy left an indelible mark.

    September: Nigeria lost its first chartered accountant, Pa Akintola Williams, at the age of 104. His pioneering role in the development of the Nigerian capital market and leadership in various professional bodies earned him accolades.

    October: October saw the departure of Professor Umaru Shehu, a trailblazer in community health, and Chief Christopher Oladipo Ogunbanjo, a corporate lawyer and Ijebu High Chief. Additionally, former Secretary to the Government of the Federation, Malam Dr. Adamu Fika, succumbed to a prolonged health issue.

    Pay Attention To Tension Mounts in Delta Community Over Unusual Security Checks

    As we close the chapter on 2023, the void left by these remarkable individuals reminds us of the impermanence of life. Their contributions to various fields will forever be etched in our memories, and their legacies will continue to inspire generations to come. May they rest in peace.

  • Senate to Pass 2024 Budget Today

    Senate to Pass 2024 Budget Today

    The Nigerian Senate is expected to pass the 2024 budget today 30 December. Originally scheduled for 10 am, the session commenced at 1 pm, according to a statement by the Clerk to the Senate, Chinedu Akubueze.

    The Upper Legislative chamber had initially adjourned plenary till Friday, December 29, to consider and pass the budget. However, a rescheduling announcement came a few days later, emphasizing the commitment of the National Assembly’s leadership to adhere to the Federal Government’s January-December budget cycle policy.

    Clerk Chinedu Akubueze, in a Saturday morning statement, reiterated the schedule change, stating, “Plenary sitting to commence at 1 pm prompt. This is to kindly inform Distinguished Senators that the plenary sitting of the Senate, scheduled for Saturday, December 30th, 2023, will be held by 1 pm prompt.”

    Read also: Insecurity: Tinubu can’t fix in 6 months what Buhari failed at in 8 years – Shehu Sani

    The move to pass the budget in an emergency plenary underscores the determination of the National Assembly to meet the year-end deadline and maintain the fiscal policy timeline.

    The successful passage of the 2024 budget marks a crucial step in ensuring the country’s financial planning aligns with the set governmental budgetary cycles.

  • Insecurity: Tinubu can’t fix in 6 months what Buhari failed at in 8 years – Shehu Sani

    Insecurity: Tinubu can’t fix in 6 months what Buhari failed at in 8 years – Shehu Sani

    Shehu Sani Calls for Reflection as Northern Insecurity persists under Tinubu’s leadership.

    In a thought-provoking statement on his verified Facebook page, former lawmaker Shehu Sani has urged Northerners to reflect on their response to the persistent insecurity in the region under President Bola Tinubu’s leadership. Sani highlighted the apparent hypocrisy in criticizing Tinubu for issues that persisted during the eight-year tenure of former President Buhari.

    Read also: Plateau killings: Why military failed to stop killing of over 200 Nigerians – Defence HQ

    Sani pointed out the historical tolerance of insecurity in the North during the Buhari administration, emphasizing the reluctance to criticize the past administration even in the face of challenges. He recalled facing insults, even from the Kaduna State Government and the ruling party, when addressing issues such as kidnappings and killings on the Senate floor.

    Shehu Sani Words on Facebook Reads:

    “The hypocrisy of many people in the North is how they tolerated insecurity in the North during the eight years of Buhari and are now voicing out against it under Tinubu.

    “It’s too early to forget how they shielded the past administration from criticism, it became almost a sin or taboo to criticize the past administration. At one time, all the Nation’s security, intelligence and defence apparatuses were headed by Northerners.

    “Each time I stood on the floor of the Senate to speak about the kidnappings and killings in the North, I only got insulted even by the Kaduna State Government and the ruling party.

    Read also: Tension Mounts in Delta Community Over Unusual Security Checks

    “The North should look inward and find solutions to its security challenges. What the man from Daura has not solved for 8 years, the man from Lagos can’t solve in 6 months, even though he has the responsibility and obligation to tackle it.”

    As the debate on the North’s security situation intensifies, Shehu Sani’s words serve as a call for a more nuanced and self-reflective approach to the challenges faced by the region, transcending political affiliations and focusing on finding lasting solutions.

  • Plateau killings: Why military failed to stop killing of over 200 Nigerians – Defence HQ

    Plateau killings: Why military failed to stop killing of over 200 Nigerians – Defence HQ

    Maj-Gen Buba Edward, the Director of Defence Media Operations, in a press briefing provided insights into the Nigerian military’s challenges in preventing the coordinated attacks on Plateau communities that resulted in the tragic killing of over 200 people.

    Edward explained that the vast and dispersed nature of the Bokkos and Barkin Ladi areas, spanning about 2,315 square kilometers with over 350 villages, posed significant difficulties for the troops.

    Read also: Eight Family Members Die in Tragic Auto Crash

    He emphasized that the rugged and mostly inaccessible terrain, coupled with distances of over 90 kilometers between some villages and troops’ locations, impacted the reaction time to incidents.

    Detailing the events of the attacks, Edward revealed that on the night of December 23, 2023, armed militant herders carried out unprovoked attacks on Kambarpeli village in the Bokkos LGA while locals were asleep. Over 100 marauding militants wreaked havoc before troops could reach the location.

    Similarly, on December 24, 2023, troops received 36 distress calls reporting coordinated attacks by armed militant herders on isolated villages in Bokkos and part of Barkin Ladi LGAs of Plateau. Troops managed to intervene in 19 villages, but the damage had already been done in other locations.

    Addressing concerns about the military’s response time, Edward acknowledged the importance of credible intelligence before an attack and assured the public that measures were being taken to enhance their capabilities.

    He vowed that such incidents would not be repeated, stating, “Attacks on Plateau will never repeat itself. We have put modalities in place to ensure that whatever limited us the last time that did not allow us to get to some of these locations on time has been eliminated.”

    Read also: 12 Shocking Events That Rocked the World in 2023: Israel-Hamas War, Turkey Earthquake, and Hilda Baci’s Record-Breaking Dash

    In response to letters notifying residents of potential attacks, the military promised proactive measures and a relentless pursuit of those responsible for the heinous crimes.

    The commitment to swift action and improved strategies reflects the military’s determination to protect the affected communities and prevent further tragedies.

  • North Made Sacrifices For Tinubu to Win, Says NEF

    North Made Sacrifices For Tinubu to Win, Says NEF

    Abdul-Azeez Suleiman, the Director of Publicity and Advocacy, and Spokesperson of the Northern Elders Forum (NEF), emphasized that the North made a significant sacrifice for national unity by strategically supporting President Bola Tinubu in the 2023 elections, he revealed this in a recent interview with The Sun.

    Suleiman highlighted the North’s political competitiveness and its commitment to a united Nigeria, citing the deliberate mobilization of votes to ensure Tinubu’s victory. He stressed that this intentional power shift from the North to the South underscored the region’s dedication to fostering national unity.

    Read also: Eight Family Members Die in Tragic Auto Crash

    “Another example of the North’s political competitiveness and sacrifice for national unity can be seen in the engineered shift of power to ensure the southern presidency of Bola Tinubu. Tinubu, a prominent politician from the Southwest, had aspirations for the presidency. However, the North recognized the need for a united Nigeria and the importance of accommodating the aspirations of other regions. To achieve this, the North strategically mobilised its votes to support Tinubu’s presidential bid. This deliberate shift of power from the North to the South was a testament to the region’s commitment to national unity.

    “By enabling a Southern president, the North demonstrated its willingness to make sacrifices for the greater good of the country. These instances showcase the region’s political maturity and its ability to prioritize the country’s interests over its own. But to think of using undemocratic tactic to exclude the North from the presidential contest in 2027 or any other time, could lead to feelings of marginalisation and discontent among its populace.

    The region has historically been a stronghold of political power, and denying it the opportunity to present candidates may be perceived as a deliberate attempt to sideline the North. Such marginalisation could fuel regional tensions and exacerbate existing socio-political divisions, potentially leading to unrest and instability. Nigeria’s political system relies on a delicate balance between the North and other regions.”

    While acknowledging the North’s historical stronghold on political power, Suleiman cautioned against sidelining the region in the upcoming 2027 presidential bid.

    He argued that any attempt to undemocratically exclude the North could breed feelings of marginalization and discontent among its populace.

    Read also: 12 Shocking Events That Rocked the World in 2023: Israel-Hamas War, Turkey Earthquake, and Hilda Baci’s Record-Breaking Dash

    He emphasized the delicate balance in Nigeria’s political system, emphasizing the need for inclusivity to maintain stability. Suleiman’s remarks serve as a reminder that the nation’s political landscape relies on a harmonious coexistence between the North and other regions.

  • Tension Mounts in Delta Community Over Unusual Security Checks

    Tension Mounts in Delta Community Over Unusual Security Checks

    Residents and commuters along the Jeddo-Ughoton road in Okpe Local Government Area of Delta State are on edge as the Nigerian Air Force conducts an “unusual” security check at the NAF gate section.

    The road, vital for communities like Adesa, Ugbokodo, Ughoton, Omadino, and Obodo, is experiencing thorough screening of passengers on commercial tricycles (‘Keke’).

    Read Also 12 Shocking Events That Rocked the World in 2023: Israel-Hamas War, Turkey Earthquake, and Hilda Baci’s Record-Breaking Dash

    NAF personnel, some in masks, are reportedly compelling passengers to disembark and raise their hands for inspection. Selected motorists also face stop-and-search. Air surveillance was noted in the Jeddo area on Thursday. The motives behind these measures remain unclear.

    Chibuzor Okemiri, a Ughoton resident, expressed frustration over being forced to disembark and raise his hands during the checkpoint process. Cecilia Amukpe, en route to Ukpokiti, Warri South, claimed a breach of her human rights due to the security operatives’ actions.

    Read Also Eight Family Members Die in Tragic Auto Crash

    Efforts to seek clarifications from the Air Force Base’s public relations unit were unsuccessful as of the time of this report. The community awaits further information on the reasons behind the heightened security measures.

  • 12 Shocking Events That Rocked the World in 2023: Israel-Hamas War, Turkey Earthquake, and Hilda Baci’s Record-Breaking Dash

    12 Shocking Events That Rocked the World in 2023: Israel-Hamas War, Turkey Earthquake, and Hilda Baci’s Record-Breaking Dash

    13 Shocking Events That Rocked the World in 2023: Turkey Earthquake, Israel-Hamas War and Hilda Baci’s Record-Breaking Dash. 

    As 2023 comes to an end, let’s take a look back at some of the events that shook the world.

    From several devastating earthquakes, coups in Africa, conflicts in Israel and Gaza, the coronation ceremony of King Charles III, to Nigeria’s general elections, these are some of the major events that shaped 2023.

    1. Turkey and Syria Earthquake

    On the early morning of February 6, a powerful earthquake struck parts of Turkey and neighboring Syria, claiming over 67,000 lives as people slept. The 7.8 magnitude quake hit Southern Turkey near the Syrian border, causing extensive damage, with former Newcastle United and Ghana midfielder Christian Atsu among the casualties.

    2. Morocco Earthquake

    On September 8, a powerful earthquake with a magnitude of 6.8 struck Morocco at a depth of 18.5 km around 10:00 pm. The quake’s epicenter was in a remote area of the High Atlas Mountains, south-west of Marrakesh. The earthquake resulted in the deaths of 2,946 people and left over 5,000 injured.

    3. Titan Submersible Accident

    On June 18, the search for a tourist Titan submarine, which was exploring the Titanic shipwreck, captured international attention when it disappeared in the North Atlantic Ocean. The submarine, with five people on board, was found about 1,600 feet (500 meters) from the Titanic after being missing for four days. Unfortunately, all on board, including Oceangate CEO Stockton Rush and British billionaire explorer Hamish Harding, perished when the submarine imploded.

    4. Nigeria 2023 Election

    In February, millions of Nigerians participated in the most competitive presidential election since the end of military rule in 1999. The election, which also included the selection of lawmakers for the national assembly and the house of representatives, as well as governorship elections in March, saw the dominance of the ruling All Progressives Congress (APC) and the Peoples Democratic Party (PDP) challenged by the Labour Party as a third force.

    5. Hilda Baci GWR Win

    Nigerian chef Hilda Bassey Effiong, popularly known as Hilda Baci, made headlines by breaking the Guinness World Record for the longest cooking marathon by an individual. In May, she cooked for an astonishing 100 hours, garnering immense support from notable figures like Vice President of Nigeria Professor Yemi Osinbajo, Governor of Lagos State Babajide Olusola Sanwo-Olu, and award-winning singer Tiwa Savage.

    6. Niger Coup

    On July 26, soldiers in Niger announced on national TV that they had ousted President Mohamed Bazoum, marking the fifth coup in Niger since gaining independence from France in 1960. The coup drew condemnation from world leaders, institutions, and political bodies.

    7. Gabon Coup

    Just five weeks after the coup in Niger, Gabon President Ali Bongo found himself in a similar situation. On August 30, hours after the Gabon election commission announced President Ali Bongo Ondimba’s third-term victory, a group of Gabonese military officers from the elite presidential guard unit seized power and arrested the president in his palace.

    8. Sudan Conflict

    Sudan teetered on the brink of collapse as forces loyal to two rival generals battled for control of the resource-rich North African nation. The conflict resulted in hundreds of deaths, thousands of injuries, and the displacement of hundreds of thousands of people since April.

    9. Coronation of King Charles

    On May 6, King Charles III and Queen Camilla were officially crowned in a historic ceremony at London’s Westminster Abbey. The coronation marked the 40th reigning monarch since 1066 and celebrated King Charles’s ascension to the throne after the death of Queen Elizabeth II in September 2022.

    10. Israel-Gaza War

    On October 7, hundreds of Hamas gunmen crossed from the Gaza Strip into southern Israel, breaking through the heavily guarded perimeter fence. The attack, the most serious cross-border attack against Israel in more than a generation, resulted in approximately 1,200 deaths, mostly civilians. The Israeli military responded with air strikes on Gaza and launched a ground offensive.

    11. Twitter Name Change to X

    In a surprising move, tech billionaire Elon Musk rebranded Twitter to “X” on July 23, causing a stir on social media. Musk, who had acquired Twitter in 2022, officially referred to the platform as Twitter X and changed its logo on phones, websites, and Twitter accounts.

    12. Global Temperatures Shatter Records

    2023 is possibly the hottest year on record, with global temperatures reaching levels not seen in 125,000 years. The world average temperature set a new record in July, prompting warnings of serious heatwaves across Europe, the Southern US, and worldwide. Climate change was identified as a significant factor, making heatwaves longer, more intense, and more frequent.

  • Eight Family Members Die in Tragic Auto Crash

    Eight Family Members Die in Tragic Auto Crash

    Tragedy Strikes as Eight Family Members Perish in Imo Auto Crash.

    In a heartbreaking incident, the police in Imo state have confirmed the untimely death of eight members of a family in a fatal auto crash at the Amanwozuzu junction, Ikeduru Local Government Area (LGA) of Imo.

    The Divisional Police Officer (DPO) overseeing the Ikeduru LGA, Lucky Ahiole, conveyed the tragic news to reporters in Owerri on Friday.

    Read Also NSCDC Officer Killed as Bandits Bomb Three Transmission Towers Line

    The devastating accident occurred at approximately 3:00 p.m. on Friday, leading to the unfortunate demise of all eight individuals traveling in a Sienna car.

    According to Ahiole, the Sienna vehicle collided with a stationary truck loaded with rods, resulting in the fatal outcome for the family.

    Pay attention to Dollar to Naira Black Market exchange rate today, December 30, 2023 | Aboki dollar rate

    The impact of the collision was so severe that emergency responders had to break open the Sienna vehicle to extract the lifeless bodies of the victims.

    “Eight died, and we have taken them to a morgue. We had to break the Sienna vehicle to bring out the dead bodies,” expressed Ahiole, highlighting the grim aftermath of the tragic incident.

    Read Also Nigerian Newspapers: 10 things to know today, December 30, 2023

    The authorities are  to conduct a thorough investigation into the circumstances surrounding the collision to ascertain the exact cause and prevent similar incidents in the future.

    The entire community is left mourning the loss of eight lives in this heart-wrenching accident.

  • NSCDC Officer Killed as Bandits Bomb Three Transmission Towers Line

    NSCDC Officer Killed as Bandits Bomb Three Transmission Towers Line

    Bandit Attack on Transmission Towers Claims NSCDC Officer’s Life, TCN Confirms

    In a distressing turn of events, suspected insurgents targeted the Maiduguri-Damaturu Transmission Line, causing the destruction of three towers, according to a statement from the Transmission Company of Nigeria (TCN) on Friday.

    The incident, characterized by the use of explosives, not only resulted in the devastation of crucial infrastructure but also claimed the life of an officer from the Nigeria Security and Civil Defence Corps (NSCDC).

    Read Also Dollar to Naira Black Market exchange rate today, December 30, 2023 | Aboki dollar rate

    Ndidi Mbah, the General Manager of Public Affairs at TCN, expressed deep sorrow over the tragic events. She stated, “It’s truly another very sad day for us at TCN, with this incident, especially with the loss of life of the NSCDC official.

    The TCN extended its heartfelt condolences to the family of the deceased NSCDC officer and the entire NSCDC organization, acknowledging the gravity of this sorrowful and shocking incident.

    Pay Attention To Nigerian Newspapers: 10 things to know today, December 30, 2023

    The attack highlights the ongoing security challenges in certain regions of Nigeria, with critical infrastructure being targeted by insurgents, leading to not only material damage but also the tragic loss of lives.

    As investigations unfold, authorities are expected to intensify efforts to address the security concerns in the affected areas and prevent further incidents of this nature.

  • Dollar to Naira Black Market exchange rate today, December 30, 2023 | Aboki dollar rate

    Dollar to Naira Black Market exchange rate today, December 30, 2023 | Aboki dollar rate

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

    Find below the Dollar to Naira Black Market exchange rate for 30th December. You can easily swap your dollar for Naira at these rates.

    How much is dollar to naira today in black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1213 and sell at N1218 on Saturday 30th December 2023, according to sources at Bureau De Change (BDC).

    Nigerian Newspapers: 10 things to know today, December 30, 2023

    It’s important to highlight that the Central Bank of Nigeria (CBN) does not acknowledge the Dollar to Naira Black Market (parallel market). The CBN directs individuals interested in engaging in Forex to contact their respective banks for currency transactions.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN) Dollar to Naira Black Market Exchange Rate Today
    Buying Rate N1213
    Selling Rate N1218

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN) CBN Rate Today
    Buying Rate 885.85
    Selling Rate 886.85

    Kindly be aware that the rates at which you buy or sell forex may differ from the values presented in this article as prices can vary.

    Pound to Naira rate

    • BUY: naira to pound 1550
    • SELL: naira to pound 1556

    Euro to Naira rate

    • BUY: naira to euro 1355
    • SELL: naira to euro 1375

     

    Canadian Dollar to Naira rate

    South African Rand to Naira rate

    • BUY: zar to naira 53
    • SELL: yuan to naira 65

    UAE Dirham to Naira rate

    • BUY: naira to Dirham 293
    • SELL: naira to Dirham 310

    Chinese Yuan to Naira rate

    • BUY: naira to Yuan 130
    • SELL: Yuan to naira 135

    Ghanaian Cedi to Naira rate

    • BUY: naira to cedi 95
    • SELL: naira to cedi 105

    West African CFA franc to Naira rate

    • BUY: naira to xof1735
    • SELL: naira to xaf1750

    Central African CFA franc to Naira rate

    • BUY: naira to xaf 1650
    • SELL: naira to xaf 1700

    Australian Dollar (Aussie) to Naira rate

    • BUY: aussie to naira 600
    • SELL: australian dollar to naira 650

    Dollar to Naira Black Market Exchange Rates Yesterday:

    For reference, the black market closed at ₦1197/$1, determined by the average dollar to naira rates traded at various platforms.

    FG Denies Having A Hand In Wike And Fubara’s Rift

    Official Bank Rates (CBN):

    The Central Bank of Nigeria (CBN) sets the official exchange rate:

    • Buying: ₦831.47 for $1
    • Selling: ₦833.48 for $1

    Under these official rates, the CBN acquires one US dollar for ₦831.47 and sells it for ₦833.48 through authorized dealers.

    Dollar to Naira Bank Rates Today:

    Data from various banks indicates the average Dollar to Naira Exchange Rate Today:

    GTBank:

    • Buying: ₦885.85 for $1
    • Selling: ₦990 for $1

    Access Bank:

    • Buying: ₦993/USD
    • Selling: ₦990/USD

    Zenith Bank:

    • Buying: ₦993/USD
    • Selling: ₦997/USD

    Guaranty Trust Bank (GTBank):

    • Buying: ₦997.83/USD
    • Selling: ₦990/USD

    First Bank of Nigeria fx rate:

    • Buying: ₦885.85/USD
    • Selling: ₦975/USD

    United Bank for Africa (UBA) Exchange rate:

    • Buying: ₦991.83/USD
    • Selling: ₦997.83/USD

    Where to buy black market dollars in Nigeria?

    Authorized Bureau de Change (BDC): These licensed exchange houses offer legal and secure currency exchange services, although rates may be less favorable than those offered on the black market.

    Peer-to-peer (P2P) platforms: Some regulated P2P platforms allow individuals to connect and exchange currencies safely and transparently.

    Official bank channels: While subject to current policies and controls, banks can sometimes facilitate dollar purchases for approved purposes such as travel or medical bills.

    Is it safe to buy black market dollars?

    Yes it is safe, if you meet the right people.

    What are the risks of using the black market for dollars?

    It exposes you to fraud and scams: Black market transactions are often rife with scams and fraud, putting you at risk of losing your money or valuables.

    Aboki Dollar to Naira Black Market Exchange Rate Inquiries:

    Does Aboki Forex Engage in Currency Trading or Exchange?

    No, Aboki Forex operates solely as an informational platform and is not involved in the trading or exchange of currencies. It serves as a reliable source for details on currency exchange rates across various markets.

    How Can I Exchange Currency?

    To exchange currency, it is recommended to contact your local currency exchange market or approach a bank. These institutions will provide you with the latest exchange rates and guide you through the currency exchange process.

    Is the Accuracy of Black Market Exchange Rates Consistent Across All Markets?

    No, the accuracy of Black Market Rates provided by Aboki Forex may vary across different markets. These rates represent average values in local markets and can fluctuate between locations due to the absence of regulatory oversight.

    What Sets Apart CBN, I&E, and Dollar to Naira Today Black Market Exchange Rates?

    • CBN Rates:
      • Established by the Nigerian central bank for official purposes.
    • I&E Rates (Investors’ and Exporters’):
      • Regulated for investment and foreign exchange transactions.
    • Black Market Rates:
      • Represent unofficial rates in the unregulated market, substantially differing from CBN and I&E rates.

    Dollar to naira today black market exchange rates

    Global Banking Giants Announce Unprecedented Job Cuts in 2023″

    In an unforeseen development, major global banks, including UBS, Wells Fargo, and others, have collectively initiated substantial job cuts, surpassing 60,000 in the year 2023. This represents one of the most significant workforce reductions since the 2008 global financial crisis.

    Several factors contribute to the rationale behind this extensive transformation. Notably, the integration of Credit Suisse into UBS has played a pivotal role in this industry-wide shake-up. Furthermore, the repercussions of declining fees have profoundly impacted Wall Street’s revenue streams, triggering a strategic reassessment of human resources within these financial institutions.

    As the financial sector grapples with heightened instability and uncertainty, the aftermath of these extensive job cuts is poised to send shockwaves across industries and global economies. The implications of this major restructuring are likely to extend far beyond the confines of the banking sector, influencing the broader economic landscape.

    What are the factors that influence the black market dollar rate?

    Factors Influencing the Black Market Dollar Rate:

    Supply and Demand Dynamics:

      • The fundamental economic principle of supply and demand plays a significant role. If demand for the dollar is high relative to its supply, the exchange rate tends to rise, and vice versa.

    Economic Indicators:

      • Economic indicators such as inflation rates, GDP growth, and employment figures can influence the black market dollar rate. A robust economy generally attracts foreign investors, increasing demand for the local currency.

    Political Stability and Governance:

      • Political stability fosters confidence among investors, positively impacting the exchange rate. Political uncertainty or instability can lead to a lack of confidence and a depreciation of the local currency.

    Government Policies:

      • Monetary and fiscal policies implemented by the government can affect the exchange rate. Policies that promote economic stability and growth tend to have a positive impact, while inconsistent or unfavorable policies can lead to currency depreciation.

    Foreign Exchange Reserves:

      • The level of a country’s foreign exchange reserves can influence its ability to stabilize its currency. Higher reserves provide a cushion against market pressures, while lower reserves may lead to a weaker currency.

    Trade Balances:

      • A country with a trade surplus (exports exceeding imports) is likely to have a stronger currency. Conversely, a trade deficit may lead to a weaker currency.

    Global Economic Conditions:

      • The overall health of the global economy can impact the black market dollar rate. Economic crises or uncertainties in major economies can lead to shifts in currency values.

    Interest Rates:

      • Interest rates set by the central bank influence the attractiveness of a currency. Higher interest rates may attract foreign investors seeking better returns, increasing demand for the local currency.

    Speculation:

      • Speculative activities in the foreign exchange market can lead to short-term fluctuations in the black market dollar rate. Traders’ perceptions of future economic conditions can drive speculative buying or selling.

    Legal and Regulatory Environment:

      • The regulatory environment, including restrictions on currency trading and foreign exchange policies, can impact the black market dollar rate.

    Inflation Rates:

      • High inflation rates erode the purchasing power of a currency, making it less attractive to investors. Countries with lower inflation rates may experience a more favorable exchange rate.

    Market Sentiment:

      • Perceptions and sentiments in the market, influenced by news, geopolitical events, or other external factors, can have a short-term impact on the black market dollar rate.

    Recommended Links.

  • Nigerian Newspapers: 10 things to know today, December 30, 2023

    Nigerian Newspapers: 10 things to know today, December 30, 2023

    Top Headlines from Nigerian Newspapers – December 30, 2023

    Good morning! Here’s a summary of key stories from Nigerian Newspapers for this Saturday morning:

    1. Inspector-General of Police Visits Plateau State After Christmas Eve Attacks

    The Inspector-General of Police, Kayode Egbetokun, visited Plateau State following the attacks on 25 communities by gunmen on Christmas Eve, resulting in over 150 deaths. Expressing shock over the killings, the IG ordered the commencement of a special operation to curb further attacks and killings in the state.

    2. South-West Governors Plan Befitting Burial for Late Ondo Governor Akeredolu

    South-West governors announced plans to set up a committee for the befitting burial of the late governor of Ondo State, Rotimi Akeredolu, who passed away in a German hospital after a prolonged illness.

    3. House of Representatives Speaker Urges Dialogue for South-East Peace

    Speaker of the House of Representatives, Abbas Tajudeen, encouraged Igbo leaders to engage with the Federal Government to address legitimate grievances. The call came during the launch of the Peace in the South East Project, initiated by Deputy Speaker Benjamin Kalu.

    4. Terrorist Attack Claims Life of NSCDC Officer in Maiduguri-Damaturu

    An officer of the Nigeria Security and Civil Defence Corps lost his life due to the bombing of three power transmission towers by terrorists along the Maiduguri-Damaturu route, as announced by the Transmission Company of Nigeria.

    5. Six Killed in Gombe Road Accident

    The Federal Road Safety Corps confirmed the death of six persons in a road accident in Jekadefari, Gombe metropolis. The accident occurred on Friday morning, according to the Gombe State Sector Command.

    6. FCT Police Command Arrests 23 Suspects for Armed Robbery and Rape

    The Federal Capital Territory Police Command apprehended 23 suspects involved in armed robbery, “one-chance” syndicates, and rape during December. Commissioner of Police Haruna Garba disclosed this while parading the suspects in Abuja.

    7. PDP Urges Tinubu to Visit Scene of Plateau Killings

    The Peoples Democratic Party called on President Bola Tinubu to visit the scene of the Christmas Eve killings by gunmen in Bokkos and Barkin Ladi communities of Plateau State. The party questioned the failure of intelligence before and during the coordinated killing.

    8. Pressure Mounts on Ondo State Governor Ayedatiwa Over Deputy’s Choice

    Ondo State Governor Lucky Ayedatiwa faces pressure from various groups in the state over his choice of deputy. Stakeholders are conveying messages on who would serve the state and the APC better as deputy, enhancing the party’s fortunes in the upcoming governorship election.

    9. Security Intervention Thwarts Potential Massacre in Plateau State

    Swift intervention by security forces in Plateau State on Thursday night prevented a potential massacre in Bokkos Local Government Area. Bandits had laid siege to Budel in the Tangur district, burning and destroying homes.

    10. Gunmen Attack PDP Chieftain’s Convoy in Anambra, Killing Two Policemen

    Gunmen attacked the convoy of PDP chieftain Chief Chris Uba in Uga, Aguata Local Government Area of Anambra State. Though Uba escaped in his bulletproof vehicle, two policemen in his convoy were fatally shot by the assailants.

     

    Stay tuned for more Nigerian Newspapers updates on Ejes Gist News.

    Recommended Links.

  • Full List of All Past Ondo Governors Dead Except Mimiko

    Full List of All Past Ondo Governors Dead Except Mimiko

    The Demise of Rotimi Akeredolu Marks the End of an Epoch for Ondo State

    In a sorrowful turn of events, the political landscape of Ondo State has been plunged into mourning with the untimely demise of former governor Rotimi Akeredolu on December 27, 2023. The passing of Akeredolu, attributed to complications from protracted prostate cancer, has not only saddened Ondo citizens but also signified the end of an era for the state’s political stalwarts.

    Tributes Pour In for Akeredolu

    The outpouring of tributes following Akeredolu’s death reflects the profound impact he had on the political and social fabric of Ondo State. The quantity and quality of the expressions of grief highlight the void left by his departure, resonating with the sentiments of the bereaved citizens and the nation at large.

    A Historical Perspective: Past Governors of Ondo State

    A somber check by The Nation reveals a striking pattern in the passing of all past democratically-elected governors of Ondo State, leaving only one survivor—Segun Mimiko. The departure of these political figures echoes the timeless words of William Shakespeare, portraying life as a stage where each individual plays their part before taking their leave.

    Here is a brief look at the deceased past governors:

    1. Michael Ajasin: Serving as the first democratically elected governor of Ondo State from 1979 to 1983, Ajasin passed away in his home at the age of 78 from natural causes.
    2. Bamidele Olumilua: Leading the state in the third republic from January 1992 to November 1993, Olumilua succumbed to a brief illness at the age of 80 in 2020.
    3. Adebayo Adefarati: An integral part of the first elected governors in the post-military era, Adefarati died at the age of 76 from an undisclosed ailment.
    4. Olusegun Agagu: Serving as Ondo’s second democratically elected governor, Agagu tragically slumped and passed away in Lagos in 2013 at the age of 65.
    5. Rotimi Akeredolu: The most recent loss to Ondo’s political legacy, Akeredolu, aged 67, succumbed to complications from protracted prostate cancer.
    6. Olusegun Mimiko: The sole surviving past governor, Mimiko, served two terms from 2009 to 2017, marking a significant political achievement in Ondo State.

    End of an Era, Beginning of Another

    The exit of these distinguished leaders signifies the closing of a political chapter in Ondo State while simultaneously opening another.

    As the state mourns the loss of Rotimi Akeredolu, the legacy of these past governors remains woven into the fabric of Ondo’s political history, leaving an indelible mark on the trajectory of the state’s governance.

  • Tiwa Savage Viral Video Surfaces on Social Media, Sparking Speculation and Intrigue

    Tiwa Savage Viral Video Surfaces on Social Media, Sparking Speculation and Intrigue

    Tiwa Savage’s Private Moment Leaked: Singer Engages in Late-Night Conversation with Mystery Man

    In an unexpected turn of events, a video featuring Tiwa Savage in an intimate setting with an unidentified man has surfaced online, sending shockwaves through social media. The footage, originally shared on the singer’s Instagram stories, captures a candid moment in her bedroom, raising eyebrows and generating widespread speculation.

    The Scene Unfolds

    In the video, Tiwa Savage, 43, is seen seated on a bed in what appears to be a nighttime setting, attired in a white nightgown. The atmosphere suggests a relaxed and private moment, as the singer engages in a conversation with a mystery man identified as Dapo.

    During the exchange, Tiwa Savage expresses her reluctance to visit Quilox, a well-known nightclub in Lagos. In response, the man, his identity concealed in the shadows, gazes at her with amusement, offering no verbal response but contributing to the intrigue surrounding the video.

    A Closer Look at the Conversation

    As the night unfolds, the singer’s demeanor and the casual nature of the interaction raise questions among viewers. Tiwa Savage’s decision not to attend Quilox becomes a focal point, prompting speculation about the nature of her relationship with the mysterious figure.

    The video, which quickly went viral, has ignited conversations across various social media platforms, with fans and onlookers sharing their interpretations and opinions on the singer’s private moment.

    Reactions and Speculations

    Unsurprisingly, the leaked video has triggered diverse reactions, with fans expressing curiosity and offering varied interpretations of the unfolding scene. The enigmatic nature of the man referred to as Dapo adds an additional layer of mystery, leaving the audience intrigued and eager for more context.

    Tiwa Savage Viral Video 

    The Aftermath

    As the video circulates, it remains to be seen how Tiwa Savage and her team will respond to the unexpected breach of privacy. The singer, known for her successful music career and public persona, now finds herself at the center of heightened attention due to this leaked glimpse into her personal life.

    Tiwa Savage

    As discussions unfold online, the incident serves as a reminder of the challenges faced by public figures in safeguarding their private moments in the age of social media and instant sharing. The repercussions of this leak may unfold in the coming days, shaping the narrative surrounding Tiwa Savage and the mysterious Dapo.

  • Reign of Terror: Gunmen Kill RCCG Pastor, Three Others, Kidnap 39

    Reign of Terror: Gunmen Kill RCCG Pastor, Three Others, Kidnap 39

    Spate of Violence Unfolds in Kuduru, Garam, and Azu, Leaving Four Dead and 39 Abducted

    In a horrifying turn of events, a wave of violence swept through Kuduru, Bwari Area Council of the Federal Capital Territory (FCT), as gunmen targeted innocent residents, resulting in the tragic death of an RCCG pastor and the abduction of 39 others.

    Super Eagles Squad for AFCON 2024 Released: Full List for AFCON 2023

    The assailants, described as bandits, also extended their reign of terror to Garam and Azu, two communities in Niger State, further leaving a trail of devastation.

    Chronicle of the Attacks

    The onslaught began with the invasion of Kuduru, where 18 individuals fell victim to the bandits’ merciless actions. Simultaneously, in Garam, the assailants entered homes, seeking out their intended target.

    Cost of Sharp Sand, Granite Stones, Cement in Sapele, Effurun, Warri, Ughelli 2024

    A resident, Mrs. Juliana, recounted the harrowing incident, detailing how the bandits mistakenly entered the wrong house, kidnapped two boys, and subsequently located their target’s residence.

    Tragically, upon reaching the pastor’s home, belonging to the Redeemed Christian Church of God (RCCG), the assailants abducted the entire family. In a heart-wrenching twist, the pastor was fatally shot in the presence of his wife and three children.

    Full List of Governors Paying N100K Christmas Bonus for Workers

    The pastor’s wife, a teacher in a government secondary school in Bwari, faced the unimaginable ordeal of having to retrieve her six-month-old baby from their clutches.

    As the female bandit accompanied her to the house, impatience led to the woman being abandoned. The bandits departed with the 13 other kidnapped individuals, leaving behind the five-year-old son of the slain RCCG pastor. Fortunately, vigilant community members rescued the boy from the riverside, where the bandits left him due to the inability to cross the river.

    In Azu, another community targeted by the marauders, three lives were lost, and eight individuals were kidnapped. The bandits, displaying brazen audacity, also sought out a military personnel’s house, demanding his rifle and uniform from his wife, ultimately abducting two of his children when they couldn’t locate the requested items.

    Naira to Dollar Set for Worst Year Since 1999 with No Solutions in Sight – Bloomberg

    Demand for Ransom

    As the victims’ families grapple with the trauma of the abductions, the bandits have made contact, demanding a staggering N50 million for each captive as ransom. The communities affected are now left in a state of shock and fear, underscoring the urgent need for concerted efforts to address the escalating security challenges plaguing the region.

    Authorities are called upon to act swiftly and decisively to ensure the safe return of the abducted individuals and to bring the perpetrators to justice.

  • Super Eagles Squad for AFCON 2024 Released: Full List for AFCON 2023

    Super Eagles Squad for AFCON 2024 Released: Full List for AFCON 2023

    Super Eagles Squad for AFCON 2024 (2023): Nigeria’s Lineup for the Battle in January 2024.

    • Nike unveils Super Eagles Jersey for AFCON 2024.  
    • A Glimpse into the Roster Set to Conquer the African Cup of Nations. 

    In a much-anticipated revelation, the 25-man Super Eagles squad destined for the 2023 African Cup of Nations (AFCON) has been officially announced.

    Ejes Gist News reports that the squad list surfaced on Friday through the official social media channels of the Nigeria Football Federation (NFF) and the Super Eagles, creating waves of excitement among football enthusiasts.

    Goalkeepers Ready to Guard the Fort

    The goalkeeping department boasts a formidable trio with Stanley Nwabili of Chippa United, South Africa; Francis Uzoho of Omonia FC, Cyprus; and Olorunleke Ojo of Enyimba FC. This trio brings a blend of international experience and domestic prowess to ensure a solid defense.

    Defensive Wall: Shielding the Super Eagles

    In the defending department, the Super Eagles showcase a mix of talent from various football leagues. The lineup includes Olaoluwa Aina of Nottingham Forest, England; Chidozie Awaziem of Boavista FC, Portugal; Bright Osayi-Samuel of Fenerbahce FC, Turkey; William Troost-Ekong of PAOK Salonika, Greece; and Bruno Onyemaechi of Boavista FC, Portugal. The defensive prowess is further reinforced by Kenneth Omeruo of Kasimpasa FC, Turkey; Oluwasemilogo Ajayi of West Bromwich Albion, England; Calvin Bassey of Fulham FC, England; and Zaidu Sanusi of FC Porto, Portugal.

    Midfield Maestros: Orchestrating the Play

    Wilfred Ndidi of Leicester City, England; Raphael Onyedika of Club Brugge, Belgium; Joe Ayodele-Aribo of Southampton FC, England; Frank Onyeka of Brentford FC, England; and Alex Iwobi of Fulham FC, England form a dynamic midfield unit ready to control the flow of the game and dictate the pace.

    Attack in Full Force: The Striking Lineup

    The attacking force is nothing short of firepower with Ahmed Musa of Sivasspor K, Turkey; Victor Osimhen of Napoli SC, Italy; Kelechi Iheanacho of Leicester City, England; Sadiq Umar of Real Sociedad, Spain; and Moses Simon of FC Nantes, France. The forward lineup is completed by Ademola Lookman of Atalanta FC, Italy; Samuel Chukwueze of AC Milan, Italy; and Victor Boniface of Bayer Leverkusen, Germany, promising an electrifying performance in the AFCON.

    Full List of  Super Eagles Squad for Afcon 2024.

    Goalkeepers:

    • Stanley Nwabili (Chippa United, South Africa)
    • Francis Uzoho (Omonia FC, Cyprus)
    • Olorunleke Ojo (Enyimba FC)

    Defenders:

    • Olaoluwa Aina (Nottingham Forest, England)
    • Chidozie Awaziem (Boavista FC, Portugal)
    • Bright Osayi-Samuel (Fenerbahce FC, Turkey)
    • William Troost-Ekong (PAOK Salonika, Greece)
    • Bruno Onyemaechi (Boavista FC, Portugal)
    • Kenneth Omeruo (Kasimpasa FC, Turkey)
    • Oluwasemilogo Ajayi (West Bromwich Albion, England)
    • Calvin Bassey (Fulham FC, England)
    • Zaidu Sanusi (FC Porto, Portugal)

    Midfielders:

    • Wilfred Ndidi (Leicester City, England)
    • Raphael Onyedika (Club Brugge, Belgium)
    • Joe Ayodele-Aribo (Southampton FC, England)
    • Frank Onyeka (Brentford FC, England)
    • Alex Iwobi (Fulham FC, England)

    Forwards:

    • Ahmed Musa (Sivasspor K, Turkey)
    • Victor Osimhen (Napoli SC, Italy)
    • Kelechi Iheanacho (Leicester City, England)
    • Sadiq Umar (Real Sociedad, Spain)
    • Moses Simon (FC Nantes, France)
    • Ademola Lookman (Atalanta FC, Italy)
    • Samuel Chukwueze (AC Milan, Italy)
    • Victor Boniface (Bayer Leverkusen, Germany)

    As the Super Eagles gear up for the AFCON in January 2024, the football world awaits with bated breath to witness the prowess of this stellar lineup.

    In a parallel development, Nike, the renowned sportswear giant, has taken the wraps off the much-anticipated new jersey for the Super Eagles in preparation for the upcoming African Cup of Nations (AFCON) 2024. This unveiling adds an extra layer of excitement to the already heightened anticipation surrounding the Super Eagles’ participation in the prestigious tournament.

    Super Eagles Jersey for AFCON 2024

    super eagles new jersey 2024
    Super Eagles new jersey for AFCON 2024

    The new jersey, a symbol of unity and pride for Nigerian football enthusiasts, showcases a fusion of innovative design elements and the rich cultural heritage of the nation. Nike’s unveiling of this latest kit aligns with the brand’s commitment to pushing the boundaries of sports fashion, providing athletes with cutting-edge gear that not only enhances performance but also makes a powerful statement on and off the field.

    As the Super Eagles gear up for AFCON 2024, the unveiling of the new jersey adds a touch of flair and anticipation, setting the stage for a tournament where style meets substance on the football pitch. Football aficionados can look forward to seeing their favorite team clad in a jersey that not only embodies the spirit of the game but also captures the essence of Nigerian pride and resilience.

  • Cost of Sharp Sand, Granite Stones, Cement in Sapele, Effurun, Warri, Ughelli 2024

    Cost of Sharp Sand, Granite Stones, Cement in Sapele, Effurun, Warri, Ughelli 2024

    Navigating Construction Costs in Sapele, Effurun, Warri, and Ughelli: A 2024 Guide to Sharp Sand, Granite Stones, and Cement Prices

    Subheading: Unraveling the Dynamics of Building Materials in Delta State

    In the ever-evolving construction scene of Sapele, Effurun, Warri, and Ughelli in Delta State, Nigeria, the prices of fundamental building materials are pivotal in shaping the industry’s trajectory. As we embark on the journey into 2024, a comprehensive understanding of these crucial elements becomes paramount for builders and suppliers alike. Let’s delve into the intricate details that define the construction landscape.

    SLTV Nigeria: Channel List, Packages, Prices, and How to Subscribe

    The Essence of Sharp Sand, Granite Stones, and Cement in Construction

    Sand, granite stones, and cement collectively constitute approximately 75% of structures in Nigeria, acting as keystones in various construction activities. Sand’s versatility spans from block molding to wall plastering, cementing its status as an indispensable component. Meanwhile, granite stones, as coarse aggregates, lend their strength to concrete and mortar mixtures, reinforcing the robustness of structures.

    Charting the Cost Terrain: Sand, Granite Stones, and Cement Prices in 2024

    The cost of these vital construction materials is far from uniform across Sapele, Effurun, Warri, and Ughelli, with various factors, including trade unions and market dynamics, influencing the fluctuations. To shed light on the prevailing rates, we’ve compiled a detailed price list for a trip of sand or stone:

    Price of Sharp Sand in 2024

    • 10 Tons (6 tyres truck): ₦60,000 – ₦65,000,000
    • 20 Tons (10 tyres truck): ₦100,000 – ₦120,000
    • 30 Tons (12 tyres truck): ₦146,000 – ₦150,000

    Price of Plaster / Filling Sand 2024

    • 10 Tons (6 tyres truck): ₦58,000 – ₦65,000
    • 20 Tons (10 tyres truck): ₦72,000 – ₦105,000
    • 30 Tons (12 tyres truck): ₦136,000 – ₦140,000

    Price of Soft Sand 2024

    • 10 Tons (6 tyres truck): ₦56,000 – ₦63,000
    • 20 Tons (10 tyres truck): ₦92,000 – ₦95,000
    • 30 Tons (12 tyres truck): ₦116,000 – ₦123,000

    Price of Granite Stones 2024

    • 10 Tons (6 tyres truck): ₦280,000 – ₦320,000
    • 20 Tons (10 tyres truck): ₦420,000 – ₦500,000
    • 30 Tons (12 tyres truck): ₦750,000 – ₦800,000

    Price of Gravel Stones 2024

    • 10 Tons (6 tyres truck): ₦300,000 – ₦355,000
    • 20 Tons (10 tyres truck): ₦590,000 – ₦600,000
    • 30 Tons (12 tyres truck): ₦850,000 – ₦900,000

    Price of Stone Dust / Hardcore 2024

    • 10 Tons (6 tyres truck): ₦270,000 – ₦285,000
    • 20 Tons (10 tyres truck): ₦500,000 – ₦560,000
    • 30 Tons (12 tyres truck): ₦850,000 – ₦900,000

    Price of cements in Delta – Sapele, Effurun, Warri, and Ughelli

    Price of Dangote Cement 2024

    • Per Bag: ₦8,200 – ₦8,500

    Price of Bua Cement 2024

    • Per Bag: ₦8,000 – ₦8,300

    Price of Lafarge Cement 2024

    • Per Bag: ₦8,000 – ₦8,350

    Transportation costs significantly impact the total expenses, adding a layer of complexity to the pricing dynamics.

    Decoding Sources and Classifications

    The source of construction materials becomes a key determinant in pricing. Here are the primary classifications based on sources:

    1. River or Sharp Sand: Extracted from bodies of water, renowned for high quality but subject to restrictions in certain areas.
    2. Quarry or Manufactured Sand: Artificially produced, ensuring uniform grain shapes and quality control.
    3. Red Earth (Pit Sand): Deposited on river banks or the earth’s surface, commonly used in construction for filling and roadworks.
    4. Gravel Stones: Also known as crushed stone, composed of various rocks like sandstone, basalt, and limestone.
    5. Granite Stones: Hard rocks of igneous origin, sourced from quartz, feldspar, or mica, prevalent in major cities like Akure, Lagos, Abuja, and Enugu.

    Ensuring Quality Construction Sand

    To ascertain the suitability of sand for construction, specific conditions must be met:

    1. Silt Content: Less than 3% by weight (12% by volume in 10 minutes).
    2. Absence of Harmful Impurities: No salts, pyrites, coal, iron, alkalies, or other impurities.
    3. No Organic Materials: Sand should be free from organic materials.

    As the construction landscape unfolds in 2024, a nuanced understanding of these factors empowers builders and suppliers, fostering a more informed and resilient industry poised for the challenges of the future.

  • Full List of Governors Paying N100K Christmas Bonus for Workers

    Full List of Governors Paying N100K Christmas Bonus for Workers

    Governors Generously Declare N100K Christmas Bonus for State Workers Amid Economic Challenges.

    As the year 2023 came to a close and Nigerians geared up for 2024, some state governors wrapped up the year by announcing substantial Christmas bonuses for workers. Several governors, recognizing the economic hardships faced by citizens following the removal of the fuel subsidy by President Bola Tinubu, declared a take-home bonus of N100,000 for workers in their states.

    President Tinubu, acknowledging the economic challenges, had consistently reassured Nigerians that conditions would improve. Before heading for his Christmas holiday, he implemented a 50% reduction in transportation costs for inter-state travelers and free train rides.

    In response to this initiative, three governors went a step further by announcing significant Christmas bonuses for civil servants in their respective states. Here are the details of the governors and their generous gestures:

    Governors Paying N100K Christmas Bonus for Workers.

    Sim Fubara Biography, Age, Early Life, Political Career And Net Worth, Siminalayi Fubara biography
    Governor Siminalayi Fubara biography

    1. Siminalayi Fubara (Rivers State): Despite a growing rift with his godfather and former governor, Nyesom Wike, Governor Fubara declared a noteworthy N100,000 Christmas bonus for all civil servants in the state’s ministries, agencies, and parastatals. This marked a significant departure from the norm, providing workers with a substantial Christmas bonus.

    Ebonyi Governor, Francis Nwifuru Freezes State Accounts

    2. Francis Nwifuru (Ebonyi State): Following Fubara’s lead, Governor Nwifuru of Ebonyi State approved a N100,000 bonus for the workers in the southeast state. The announcement was made during the ‘Renewed Hope Initiative Christmas Party’ in Abakaliki, ensuring that every worker would receive the generous bonus.

    Dapo Abiodun

    3. Dapo Abiodun (Ogun State): Governor Abiodun of Ogun State also joined the ranks of generous governors by approving substantial Christmas bonuses for civil servants. The bonuses ranged from 68% to an impressive 159% of basic salaries and covered workers from Level one to Level 17. In monetary terms, the bonuses varied based on levels, with Level 16 and 17 workers receiving a commendable N100,000.

     

    These acts of generosity from the governors come at a time when citizens are grappling with economic challenges, offering a glimmer of relief and festive cheer to the hardworking civil servants in their respective states.

  • Naira to Dollar Set for Worst Year Since 1999 with No Solutions in Sight – Bloomberg

    Naira to Dollar Set for Worst Year Since 1999 with No Solutions in Sight – Bloomberg

    Naira to Dollar Faces Bleak Outlook as Bloomberg Predicts Worst Year Since 1999.

     

    In a recent report by Bloomberg, Nigeria’s currency, the Naira, is set to endure its most challenging year since the return to democracy in 1999, with analysts foreseeing continued depreciation in 2024.

    Read Also Negotiate with Terrorists, Bandits; Stop Wasting Billions Fighting Them, Sheikh Gumi to Tinubu

    The Naira witnessed a staggering 55% decline in 2023, reaching 1,043 per dollar as of Thursday, making it the world’s worst-performing currency among 151 tracked, following the Lebanese pound and Argentine peso.

    The depreciation trend began after the Central Bank of Nigeria allowed the Naira to trade more freely in June, coupled with President Bola Tinubu’s decision to scrap costly petrol subsidies.

    Dollar to Naira Black Market exchange rate today; December 29, 2023 | Aboki dollar rate

    Bloomberg highlighted that Nigeria’s foreign reserves are currently at their lowest in six years, burdened by overdue short-term overseas obligations. Vetiva Capital Management Ltd predicts further Naira depreciation unless international investors are attracted or oil output is increased under Tinubu’s administration.

    Read Also Apapa-led Labour Party Organizers Beaten, Hospitalized in Edo Scam Primary Election Fallout (Video)

    It’s clear that further devaluation—alongside tighter monetary policy—is needed to reduce imbalances in the FX market. A significant rise in external reserves, material increase in foreign exchange inflows, and reduction in money supply,” Vetiva Capital stated in a note to clients.

  • Negotiate with Terrorists, Bandits; Stop Wasting Billions Fighting Them, Sheikh Gumi to Tinubu

    Negotiate with Terrorists, Bandits; Stop Wasting Billions Fighting Them, Sheikh Gumi to Tinubu

    Nigeria Urged to Pursue Negotiations with Bandits and Terrorists, Sheikh Gumi Advocates.

    In a bold assertion, Sheikh Ahmad Abubakar Gumi, a prominent Kaduna-based Islamic cleric and former military officer, has called on the Nigerian government to shift its approach to tackling insecurity.

    Sheikh Gumi emphasized the need for negotiations with bandits and other non-state actors plaguing the nation, suggesting that the government’s expenditure on military hardware may not be the most effective strategy.

    Read Also Ondo’s New Governor, Aiyedatiwa Considering Obe, Sowore, others as Deputy

    During an interview with Trust TV, the cleric expressed the view that the root cause of security challenges in Nigeria, particularly in the North, can be traced back to the longstanding farmer-herder crisis. Sheikh Gumi argued that a more constructive solution lies in engaging in open discussions with the terrorists rather than pursuing a military offensive.

    He further criticized the recent mistaken bombardment of Tudun Biri residents in Kaduna State by the Nigerian military. Sheikh Gumi deemed this incident as indicative of the necessity for the government to bolster the capacity of the police force, preventing military interference in internal security matters.

    Read Also Apapa-led Labour Party Organizers Beaten, Hospitalized in Edo Scam Primary Election Fallout (Video)

    “This is not the first time such is happening. The military should fight the military. Tank by tank. Jet by jet. The military should be out of fighting insecurity. We are not fighting Cameroon or Togo,” the cleric asserted.

    He emphasized the importance of redirecting resources toward implementing robust policies and reinforcing the police force for effective community policing. Sheikh Gumi advocated for investing in education, healthcare, and infrastructure for those identified as bandits, highlighting the need to address the underlying issues contributing to insecurity.

    The cleric urged a departure from traditional military solutions, emphasizing the potential benefits of negotiation and development initiatives. In his view, focusing on internal security and community well-being could offer a more sustainable approach to resolving Nigeria’s security challenges.