Ejes Gist News

Month: September 2024

  • CBN officially Approves $20,000 for BDCs at N1,580 per Dollar

    CBN officially Approves $20,000 for BDCs at N1,580 per Dollar

    The Central Bank of Nigeria (CBN) announced on Friday, September 6, that it has approved the allocation of $20,000 to each eligible Bureau De Change (BDC) operator. This move, aimed at improving dollar liquidity, comes at an exchange rate of N1,580 per dollar.

     

    In a statement released by the Acting Director of the CBN’s Trade and Exchange Department, Williams Kanaya, the apex bank said the approval forms part of its efforts to inject more liquidity into the foreign exchange market, stabilizing the naira and addressing the demand for foreign currency.

     

    “To this end, the CBN has approved the sale of 20,000 dollars to each eligible BDC operator at the rate of N1,580 per dollar,” Kanaya stated.

     

    Read Also : Hunter Biden Convicted of Tax Evasion, Faces Up to 17 Years in Prison

     

    He emphasized that the funds are intended to meet the demand for invisible transactions such as travel allowances, medical bills, and tuition payments, which require foreign currency. Kanaya added that BDCs are allowed to sell to eligible end-users at a margin not exceeding 1% above the purchase rate from the CBN, ensuring regulated pricing for customers.

     

    “Eligible BDCs interested in this transaction are directed to make the Naira payment to the CBN deposit account numbers provided to them,” he explained.

     

    Kanaya further outlined the process for obtaining the approved funds, noting that after payment, confirmation and the necessary documentation should be submitted to specific branches of the CBN. These branches include Abuja, Awka, Kano, and Lagos, where the BDCs will be able to collect the allocated $20,000.

    Read Also : Hush Money Trial: US Judge Delays Trump’s Sentencing Until After Nov Election

     

    This policy is part of the CBN’s broader strategy to ease the pressure on the naira, manage exchange rate fluctuations, and ensure access to foreign exchange for essential purposes.

  • Hunter Biden Convicted of Tax Evasion, Faces Up to 17 Years in Prison

    Hunter Biden Convicted of Tax Evasion, Faces Up to 17 Years in Prison

    Hunter Biden, son of U.S. President Joe Biden, has been convicted of tax evasion, facing a potential 17-year prison sentence following a court ruling on Thursday. The high-profile case marks a notable legal moment for the President’s son, who has been scrutinized for various financial issues.

     

    On Thursday, Biden entered a guilty plea to three felony and six misdemeanor tax charges at a federal court in Los Angeles. According to a statement from the U.S. Department of Justice, Biden “willfully failed to file his 2017 and 2018 tax returns on time.”

    Hush Money Trial: US Judge Delays Trump’s Sentencing Until After Nov Election

     

    The statement further revealed that when he eventually filed his 2018 returns, he included false business deductions to minimize his significant tax liability.

     

    The DOJ’s statement also highlighted that while Biden faces a maximum sentence of 17 years in prison, actual sentences for federal crimes are generally less severe than the maximum allowed. A federal district court judge will determine the final sentence, considering the U.S. Sentencing Guidelines and other relevant statutory factors.

     

    Kidnapping Crisis Intensifies under Tinubu’s Watch: Over 7,500 Abducted from July 2023 to June 2024 (See State by State Breakdown)

     

    In related news, Nigeria’s Onyinyechi Mark made headlines at the Paris 2024 Paralympics, winning Nigeria’s first gold medal and setting a new world record with a 147kg lift.

  • Judge Delays Trump’s Sentencing in Hush Money Case Until After Election

    Judge Delays Trump’s Sentencing in Hush Money Case Until After Election

    In a significant legal development, Justice Juan M. Merchan has postponed the sentencing of former U.S. President Donald Trump in his hush money case, pushing the date to November 26, three weeks after the presidential election. The delay comes as Trump continues to navigate the complexities of his criminal conviction while simultaneously campaigning to return to the White House.

     

    Originally scheduled for September 18, Trump’s sentencing will now take place just before Thanksgiving, offering the Republican nominee a much-needed reprieve during the final stretch of his presidential run. Justice Merchan, who is also considering a defense request to overturn the conviction on immunity grounds, stated that the postponement was necessary to avoid any perception of political bias.

     

    Read Also : CBN officially Approves $20,000 for BDCs at N1,580 per Dollar

     

    In his four-page decision, Merchan explained that his intention was to ensure the court remained an impartial entity, free from any suggestion that the trial or sentencing might influence the outcome of the election. “The Court is a fair, impartial, and apolitical institution,” Merchan wrote, clarifying that the delay should dispel any notions of election interference.

     

    The Trump legal team had actively sought the delay, arguing that proceeding with sentencing during the campaign would unjustly influence voters. They further contended that Trump should be given time to consider his legal options, especially after Merchan decides on their motion to vacate the conviction. Trump’s defense cited the U.S. Supreme Court’s July ruling on presidential immunity as a key factor in their argument for overturning the verdict.

     

    Justice Merchan has set November 12 as the date to rule on the motion to dismiss the case based on the Supreme Court’s decision. This ruling will occur two weeks before the new sentencing date, adding another layer of uncertainty to Trump’s legal and political future.

     

    By postponing the sentencing, the court ensures that the outcome of Trump’s trial will not influence voters’ decisions, allowing the election to proceed without the added factor of the former president’s potential imprisonment.

  • Kidnapping Crisis Intensifies under Tinubu’s Watch: Over 7,500 Abducted from July 2023 to June 2024 (See State by State Breakdown)

    Kidnapping Crisis Intensifies under Tinubu’s Watch: Over 7,500 Abducted from July 2023 to June 2024 (See State by State Breakdown)

    Nigeria’s security landscape has deteriorated significantly, with the rise of diverse violent groups exploiting the state’s weakened control. From July 2023 to June 2024 under President Bola Tinubu’s watch, the country witnessed an alarming surge in kidnapping incidents, driven by various actors including Boko Haram, armed gangs, and secessionist groups. Amid these threats, kidnap-for-ransom has emerged as a pervasive issue, affecting nearly every region of Nigeria.

    Escalating Kidnapping Statistics

    Our research reveals that at least 7,568 people were abducted in 1,130 incidents across Nigeria during the review period. Kidnappers demanded approximately ₦11 billion (about $6.87 million) in ransom but received only ₦1.05 billion, indicating a significant drop in the amount collected. This suggests a shift in kidnapping tactics, with perpetrators becoming less specific in their victim targeting.

     

    Quranic Teacher Arrested For Kidnapping And S0domising Almajiri Boys In Bauchi

    Most Affected States

    Zamfara, Kaduna, and Katsina have been particularly hard hit, with Zamfara recording 132 incidents involving 1,639 victims. Kaduna followed with 113 incidents and 1,113 victims, while Katsina reported 119 incidents with 887 victims. These states also have the highest number of civilian casualties. In total, 1,056 people were killed in kidnapping-related incidents, making the phenomenon increasingly lethal. On average, a fatality occurred in nearly every reported kidnapping case.

    Breakdown of Incidents by State (July 2023 – June 2024):

    • Zamfara: 132 incidents, 1,639 kidnapped
    • Katsina: 119 incidents, 887 kidnapped
    • Kaduna: 111 incidents, 1,113 kidnapped
    • FCT: 70 incidents, 404 kidnapped
    • Sokoto: 67 incidents, 487 kidnapped
    • Borno: 63 incidents, 720 kidnapped
    • Niger: 48 incidents, 689 kidnapped
    • Benue: 39 incidents, 186 kidnapped
    • Kogi: 38 incidents, 170 kidnapped
    • Enugu: 31 incidents, 84 kidnapped
    • Taraba: 31 incidents, 167 kidnapped
    • Ogun: 30 incidents, 88 kidnapped
    • Anambra: 29 incidents, 46 kidnapped
    • Rivers: 28 incidents, 66 kidnapped
    • Delta: 27 incidents, 48 kidnapped
    • Kwara: 27 incidents, 80 kidnapped
    • Nasarawa: 24 incidents, 113 kidnapped
    • Plateau: 24 incidents, 26 kidnapped
    • Bauchi: 22 incidents, 114 kidnapped
    • Edo: 22 incidents, 69 kidnapped
    • Cross River: 18 incidents, 40 kidnapped
    • Imo: 15 incidents, 30 kidnapped
    • Ondo: 15 incidents, 67 kidnapped
    • Akwa Ibom: 14 incidents, 12 kidnapped
    • Adamawa: 13 incidents, 11 kidnapped
    • Ebonyi: 10 incidents, 29 kidnapped
    • Kebbi: 10 incidents, 26 kidnapped
    • Abia: 8 incidents, 40 kidnapped
    • Oyo: 8 incidents, 26 kidnapped
    • Yobe: 8 incidents, 9 kidnapped
    • Lagos: 7 incidents, 11 kidnapped
    • Ekiti: 6 incidents, 17 kidnapped
    • Osun: 6 incidents, 23 kidnapped
    • Kano: 4 incidents, 2 kidnapped
    • Bayelsa: 3 incidents, 5 kidnapped
    • Jigawa: 2 incidents, 2 kidnapped
    • Gombe: 1 incident, 2 kidnapped

    Fatalities

    The kidnapping crisis has resulted in a substantial loss of life. Civilians accounted for 740 deaths, while 274 kidnappers were killed. Additionally, 42 security agents lost their lives while responding to kidnapping incidents.

    Kidnapping Crisis Intensifies under Tinubu's Watch: Over 7,500 Abducted from July 2023 to June 2024 (See State by State Breakdown
    Kidnapping Crisis Intensifies under Tinubu’s Watch: Over 7,500 Abducted from July 2023 to June 2024 (See State by State Breakdown)

     

     

    The rise in kidnapping incidents underscores a severe security crisis in Nigeria, exacerbated by the activities of armed groups and criminal networks.

    Sources: Venous Media Reports, SBM Valenco Tracke,

  • Road Crashes: 2,776 Deaths In Seven Months Unacceptable – SGF, Akume

    Road Crashes: 2,776 Deaths In Seven Months Unacceptable – SGF, Akume

    Secretary to the Government of the Federation, SGF, Senator George Akume says it is unacceptable for 2,776 people to be killed and 16,309 others injured in road traffic crashes between January and July this year.

    Speaking on Thursday in Abuja during the launch of the FRSC Mobile App and National Crash Reporting Information System (NACRIS), Akume explained that between January and December last year, 5,081 people were killed, while 31,874 were injured in road mishaps.

    According to him, appraising the app was intended to raise awareness and sensitise both drivers and passengers on the potential causative factors of road traffic crashes in the country.

    He expressed optimism that the app would aid emergency reporting, detecting black spots, issuing eyewitness reports, detecting excess speed and alerting both drivers and passengers, saying that motorists could also use the app to verify when their license or vehicle papers expired, among other features and benefits.

    The Corps Marshal, Federal Road Safety Corps (FRSC), Shehu Mohammed, stated that over the years, the FRSC has been active in formulating and implementing policies aimed at improving road safety administration in the country.

    According to him, “the FRSC Mobile App is a software application that can be used on our phones to alert us on sensitive road safety issues through programmed features such as excessive speeding, dangerous driving and verifying our vehicle documents, among others.”

    He further explained that the proper application of the features was expected to drastically reduce injuries and fatalities resulting from road traffic crashes.

    He believed that in this era of technological advancement, FRSC cannot afford to lag behind, pointing out that it was in this light that the corps had decided to adapt and evolve its operations into the global network service system.

    The Corps Marshal said that the NACRIS was designed to promote a multi-sectoral approach to crash reporting and data storage, stressing that phase two of the NACRIS project would focus on developing a digitalised crash data template based on inputs from phase 1.

    Also speaking at the event, the Chairman, House of Reps Committee on FRSC, Abiodun Adeshida, believed that with the new app and the ongoing efforts to amend the 2007 FRSC Act by the House Committee, the FRSC was advancing towards a 21st-century standard in technology, ensuring enhanced road safety measures.

  • Police Nab 22 Suspects, Recover Stolen Items In Katsina

    Police Nab 22 Suspects, Recover Stolen Items In Katsina

    Operatives of the Police Command in Katsina State have arrested 22 suspected thieves and vandals of public and private properties, claiming it recovered various stolen items from them.

     

    The State Police Public Relations Officer, ASP Abubakar Sadiq-Aliyu, who disclosed this on Thursday at a news conference in Katsina, said the arrest was part of the command’s efforts in combating criminalities in the state.

     

    Sadiq-Aliyu said that on August 24, the command arrested three suspects, including a woman, in connection with a suspected case of criminal house trespass and theft, and recovered suspected stolen items.

     

     

    “The suspects were arrested by the operatives at GRA Katsina Divisional Police Headquarters following the receipt of a report on their nefarious activities that they criminally conspired and trespassed into a house situated at Modoji quarters, Katsina.

     

    Stolen by the suspects were freezer, plasma television, computer, dining table, chairs, drawers, mattresses, home theatre, inverter, air conditioners and generators all valued at N10 million.

    “Promptly, detectives swung into action and successfully traced and arrested the suspects.

     

    “In the course of investigation, the suspects confessed that they committed the offence and further mentioned one Aminu Masa, now at large, as their accomplice, and one Mariya Adamu as receiver of their stolen properties

     

    “Efforts are being intensified with a view to arresting the fleeing suspect as the investigation proceeds,” Sadiq-Aliyu said.

     

    In a related development, the command’s spokesman added that on 4th September, based on credible intelligence, the command succeeded in arresting a 12-man gang of notorious vandals of armoured electric cables that specialised in terrorising the Katsina metropolis.

     

    He said the suspects were arrested following the receipt of a report through a good samaritan on their nefarious activities at Shaiskawa quarters, Katsina.

     

    A patrol team was dispatched promptly to the scene, where they arrested suspects and recovered from them bundles of suspected vandalized electric cables, iron rods, hammer, and axe.

     

    In the course of investigation, the suspects confessed to the commission of the offence and further mentioned others, seven in number, all at large, as their accomplices, and one Aminu Manya-Manya as the receiver of their stolen properties.

     

    “Efforts are being intensified to ensure the arrest of the fleeing suspects as the investigation proceeds,” Sadiq-Aliyu said.

     

    The spokesman said the suspects were intercepted at Kofar Marusa quarters, suspected to have vandalised the Kofar Marusa drainage, as 51 full-length 10mm and 16mm iron rods were recovered from their possession.

     

    According to him, the suspects confessed to the commission of the offence, as investigation is still ongoing.

  • Dollar to Naira Exchange Rate Today: Friday, September 6, 2024

    Dollar to Naira Exchange Rate Today: Friday, September 6, 2024

    The exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) has been a topic of significant interest and concern for many Nigerians. As of today, Friday, September 6, 2024, the exchange rate stands at ₦1,650 per $1 in the official market1. This rate reflects the ongoing economic challenges and currency fluctuations that Nigeria has been experiencing.

     

    Official Market Rates

    In the official forex trading portal, the Naira closed at ₦1,650 per $11. This rate is crucial for businesses and individuals who engage in international trade and need to convert currencies through official channels.

    Parallel Market Rates

    In the parallel market, commonly known as the black market, the exchange rate is slightly higher. As of today, the rate is ₦1,660 per $12. The parallel market often reflects the real demand and supply dynamics of foreign exchange in Nigeria, albeit at a premium.

     

    Factors Influencing the Exchange Rate

    Several factors contribute to the current exchange rate dynamics:

    1. Oil Prices: As a major oil-exporting country, Nigeria’s economy is heavily influenced by global oil prices. Fluctuations in oil prices can significantly impact the Naira’s value.
    2. Inflation: High inflation rates in Nigeria reduce the purchasing power of the Naira, leading to a weaker currency.
    3. Foreign Reserves: The Central Bank of Nigeria’s foreign reserves play a critical role in stabilizing the Naira. Lower reserves can lead to a weaker currency.
    4. Economic Policies: Government policies, including those related to foreign exchange controls and monetary policy, directly affect the exchange rate.

    Implications for Nigerians

    The current exchange rate has several implications for Nigerians:

    • Import Costs: Higher exchange rates increase the cost of imported goods, leading to higher prices for consumers.
    • Investment: A weaker Naira can deter foreign investment, as investors seek more stable currencies.
    • Remittances: For Nigerians receiving remittances from abroad, a higher exchange rate means more Naira for each dollar received, which can be beneficial.

    The Dollar to Naira exchange rate is a critical economic indicator that affects various aspects of life in Nigeria. Staying informed about the latest rates and understanding the factors influencing them can help individuals and businesses make better financial decisions.

    What are your thoughts on the current exchange rate situation? How does it impact you personally?

  • INEC Explains Why It Declared 2023 Presidential Results at 2am

    INEC Explains Why It Declared 2023 Presidential Results at 2am

    INEC Clarifies Timing of 2023 Presidential Results Declaration.

     

    The Independent National Electoral Commission (INEC) has addressed concerns regarding the announcement of the 2023 presidential election results, which was made at 2 AM on March 1, 2023. This timing drew criticisms from some Nigerians, who questioned the decision to release the results at such an early hour.

     

    INEC Chairman, Professor Mahmood Yakubu, has now explained that the process of declaring the results was complex due to the nature of the election.

     

    Read Also: Social Media Is Exclusively Meant For Men – Nigerian Pharmacist Says

     

    In Nigeria, the country is treated as a single constituency during presidential elections, requiring the collation of results from polling units through wards, local governments, states, and eventually, at the national level.

     

    Chief Press Secretary to the INEC Chairman, Rotimi Oyekanmi, further clarified that there is no specific time stated in the constitution or electoral act for declaring election results.

     

    He emphasized that the collation process involves receiving and verifying results from all 36 returning officers across the country, which can be time-consuming.

     

    FRSC Official Seen Dragging Steering Wheel Of Moving Car With Woman In Abuja (Video)

     

    Oyekanmi explained, “In a presidential election, the entire country is treated as one constituency. Results must be declared at various levels before being submitted to the Chief Electoral Commissioner in Abuja. This process takes time due to the extensive collation and the distance some returning officers must travel.”

     

    He added that INEC Chairman Professor Yakubu ensured that all results were verified before announcing them, and that any discrepancies led to further scrutiny. This thorough process caused the delay, resulting in the announcement being made during the early hours.

     

    Oyekanmi also pointed out that during the 2015 presidential election, results were announced around 4 AM, under former INEC Chairman Professor Attahiru Jega, indicating that late-night declarations have occurred in the past.

     

    INEC reassured the public that the timing of the announcement was in line with the law and that the commission prioritizes accuracy and integrity in its processes.

  • Social Media Is Exclusively Meant For Men – Nigerian Pharmacist Says

     

    Social Media is ‘Exclusively Meant for Men, Claims Nigerian Pharmacist Maketere Ugwu Amoke.

     

    -social media platforms are “exclusively meant for men,” according to a recent, controversial statement on Facebook by Nigerian pharmacist Maketere Ugwu Amoke, claiming the negative exposure that women get online subjects them to.

     

    Amoke said, “Social media is only for guys; women get destroyed with social media because exposure destroys women. Yea, it does,” he said on Thursday, September 5.

     

     

    His statement has since set off an intense debate on social media, as users continued to express themselves about the matter. Some supported Amoke by citing how such pressures or visibility platforms like Instagram, Twitter, and Facebook provide may have negative implications for women with respect to body image, self-esteem, and self-comparison from a social perspective.

     

    Others have attacked his position as being both sexist and dismissive of the toll living in this digital age takes, one that equally affects men and women. They further believe that social media, while flawed, is not an enemy to women but has opened up opportunities in ways of empowerment, connection, and personal growth.

     

    Amoke’s comment borders on broader discussions that have to do with social media and their effects on mental health and societal roles, especially in a world where gender equality and freedom of expression top the agendas of most discussions.

     

    Despite the backlash, the pharmacist has yet to clarify or retract his comments, leaving many to wonder if he indeed stands by his controversial claim.

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  • NAFDAC Destroys Fake, Adulterated Products In Souteast

    NAFDAC Destroys Fake, Adulterated Products In Souteast

    The National Agency for Food and Drug Administration and Control said it has destroyed fake, adulterated and unregistered food, drug and cosmetic products worth about N2.7 billion seized in the South-East.

     

    The Director-General of NAFDAC, Prof. Mojisola Adeyeye, disclosed this in a brief remark during the exercise in Enugu, noting that such products would have compromised the health of over three million people.

     

     

     

    Represented by a Director of the South-East Zone, Mr Martins Iluyomade, the DG said the products would have increased the health burden on the already overstretched health institutions in the country.

     

    According to her, the products would have increased the poverty rate by making people spend money they should use to improve their livelihoods on medical trips.

     

    Adeyeye said many had died untimely due to consumption of poisons, stressing that the event was to give a hint to the people of the South-East that it was no longer business as usual to merchants of death who are hell-bent on destroying other people for their selfish economic gain.

     

    I will like to appreciate other sister agencies for their cooperation, without which we cannot succeed in this endeavour.

     

    “NAFDAC will not rest on its oars until every household in the country can buy any regulated product without fear of substandard, adulteration or fake.

     

    We want the public to join hands with us in this struggle by reporting to us unscrupulous manufacturers and businessmen who engage in illicit practices to report to the nearest NAFDAC office for prompt investigation,” Adeyeye said.

  • FRSC Official Seen Dragging Steering Wheel Of Moving Car With Woman In Abuja (Video)

    FRSC Official Seen Dragging Steering Wheel Of Moving Car With Woman In Abuja (Video)

    FRSC Officer Caught on Camera Dragging Steering Wheel with Woman in Moving Car. 

     

    A video has surfaced online showing an officer of the Federal Road Safety Corps (FRSC) engaged in a dangerous altercation with a woman over the steering wheel of a moving vehicle. The incident reportedly took place in Abuja.

     

    Read Also: Ashadi Rejoins Katsina United From Shooting Stars

     

    This incident has raised questions about road safety and the conduct of FRSC officers during traffic enforcement. Authorities are yet to issue a statement regarding the video

     

     In the footage, the officer can be seen seated in the driver’s seat, while the woman, sitting on the passenger side, reaches for the steering wheel, leading to a tussle between the two. Despite the apparent danger, they continue their struggle, seemingly unconcerned about the safety of the passengers seated in the back.

     

    The video has since sparked outrage on social media, with viewers expressing concern over the recklessness displayed by both the officer and the woman. The exact circumstances leading to the altercation remain unclear.

    See Video Below;

  • Ashadi Rejoins Katsina United From Shooting Stars Ahead of NPFL Season

    Ashadi Rejoins Katsina United From Shooting Stars Ahead of NPFL Season

    Destiny Ashadi Rejoins Katsina United Ahead of NPFL Season

     

    The Nigeria Premier Football League, NPFL side, Katsina United have confirmed the return of midfielder, Destiny Ashadi, Ejes Gist News reports. In a statement, the club confirmed the re-signing of Ashadi,.

     

    Former Katsina United utility player during the 2021-22 season, Ashadi, was instrumental in helping the team gain promotion back to the NPFL two years ago.

     

    The midfielder, 29, returns after playing last season with Shooting Stars, where he struggled to make enough impact in Ibadan.

     

    His experience and familiarity with the team give Katsina United good reason to believe he will be highly instrumental in their forthcoming campaign and shape up their position in the NPFL.

  • Indonesian Grandmother Killed by 16-Foot Python in Tragic Attack

    Indonesian Grandmother Killed by 16-Foot Python in Tragic Attack

    A 57-year-old Indonesian woman, identified as Hapsah, was killed by a 16-foot python in a devastating incident that occurred last week in Muaro Jambi, Sumatra. Hapsah, a grandmother, was performing her routine task of tapping rubber trees on a plantation when the attack happened.

     

    According to reports, the massive python wrapped itself around Hapsah, attempting to swallow her whole. Despite her desperate struggle, she was overpowered by the snake, losing consciousness due to lack of oxygen.

     

    Read Also: Police Nab 22 Suspects, Recover Stolen Items In Katsina

     

    Her husband, M Safri, who also worked on the plantation, grew worried when Hapsah did not return home as expected. Upon searching for her, he found the snake still coiled tightly around her neck.

     

    Sungai Gelam Police Chief Iptu Usaha Sitepu confirmed that M Safri tried to save his wife by pulling the snake’s tail and striking it until it released its grip. Sadly, by the time the snake was subdued, Hapsah had already succumbed to her injuries.

     

    INEC Explains Why It Declared 2023 Presidential Results at 2am

     

    The tragedy has left the local community in shock. In response, a group of villagers hunted down and killed the python. Village head Amdi described the snake as “massive” and stated that it was brought to the village to be shown to the community after being killed.

     

    Hapsah’s body has been returned to her family, who are now preparing for her funeral.

     

    This incident marks the second fatal python attack in Indonesia this summer. Days earlier, another elderly woman from Palopo City was killed by a serpent in the Sumara Mbu mountains.

  • Maduka Okoye Urges Super Eagles to Secure Crucial Win in AFCON Qualifiers

    Maduka Okoye Urges Super Eagles to Secure Crucial Win in AFCON Qualifiers

    Maduka Okoye, a goalkeeper with the Super Eagles of Nigeria, has said and declared that starting the 2025 AFCON qualifying campaign with a win will be very key.

     

    The Super Eagles host their neighboring country, the Benin Republic, at the Godswill Akpabio International Stadium this Saturday.

     

     

    Okoye, who was signed by Udinese some weeks ago, said it was all about the three points that mattered now for the team after their last one win in five outings.

     

    “It is important we win because this is an important AFCON qualifier, We must be at our best and play at the top of our game,” he told newsmen.

     

     

    The three-time African champions are keen on starting their campaign on a bright note, and Okoye repeated that the team’s focus remains to see to the winning of a victory for both the Super Eagles and the nation. “What is most important is the victory for the team and for Nigeria,” he added.

     

    This game against the Benin Republic’s Cheetahs will mark what many believe to be a very crucial step in beginning their journey toward 2025 AFCON glory.

     

  • Tinubu’s Govt Spends N250 Million on Decorations for ‘First Lady’ Event as Nigerians Wallow in Poverty

    Tinubu’s Govt Spends N250 Million on Decorations for ‘First Lady’ Event as Nigerians Wallow in Poverty

    Tinubu-Led Presidency Spends N250 Million on Decorations for ‘First Lady’ Event, Others.

     

    The Nigerian government, under President Bola Tinubu, has spent a total of N250 million on decorations for state functions and events between March 15 and July 15, 2024. These expenses, revealed through a review of payment records, were made for various state banquet halls, including Sheraton Hotel, and programs involving the First Lady, Senator Oluremi Tinubu.

     

    All the payments were directed to a single organization, Rock of Ages Total Events Centre. Notable expenditures include N68.4 million spent on July 15, 2024, for Democracy Day decorations. This was followed by a payment of N19.9 million on July 5 for decorating a 300-seater hall at Sheraton Hotel.

     

    Read Also : Tinubu to Plunge Nigeria Deeper into Debt; Seeks Fresh $2bn Loan from World Bank

     

    On May 24, 2024, a significant payment of N131.9 million was made for “full-scale decoration” of State House events associated with the First Lady’s programs for women, youth, and children. Additionally, on May 17, another N22.5 million was spent on decorating the new banquet hall, providing fresh flowers in the Commander-in-Chief’s office, and other ceremonial arrangements.

     

    Pay Attention To: Pat Utomi Reveals Those Behind Nigeria’s Misery, Calls for Fuel Subsidy Return

     

    The earliest recorded payment was N7.5 million made on March 15 for decorating the State House banquet hall.

     

    Tinubu's Govt Spends N250 Million on Decorations for 'First Lady' Event as Nigerians Wallow in Poverty

    tinubu-govt-n250-million-decorations-first-lady-poverty

     

    These expenses have raised concerns among citizens and advocacy groups, calling for more prudent and accountable management of Nigeria’s limited financial resources, especially during a period of economic hardship.

     

    The high cost of these decorations has sparked condemnation on various social media platforms.

  • Tinubu to Plunge Nigeria Deeper into Debt; Seeks Fresh $2bn Loan from World Bank

    Tinubu to Plunge Nigeria Deeper into Debt; Seeks Fresh $2bn Loan from World Bank

    Tinubu Administration Seeks Fresh $2 Billion Loan from World Bank, Raising Concerns Over National Debt. 

     

    The Federal Government has begun the process of securing a new $2 billion loan from the World Bank, raising concerns about Nigeria’s growing national debt under President Bola Tinubu’s administration.

     

    According to documents from the World Bank, the request was submitted by Nigeria’s Ministry of Finance and is currently under concept review, the preliminary phase before negotiations and potential approval.

     

    Read Also: BREAKING: Federal Lawmakers Push to Ban Under-18 Students from WAEC, NECO, UTME

     

    If approved, this loan would increase Nigeria’s total borrowing from the World Bank to $6.95 billion since Tinubu assumed office, with $4.25 billion already secured this year alone.

    The proposed $2 billion loan will be divided across four major projects aimed at boosting key sectors, including healthcare, agriculture, and infrastructure. Each project will receive $500 million in funding.

     

    Read Also : Pat Utomi Reveals Those Behind Nigeria’s Misery, Calls for Fuel Subsidy Return

     

    Among the projects is the Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) initiative, which aims to enhance education, healthcare, and social protection services. This project is expected to be approved by September 17, 2024.

    Another project, the Nigeria Primary Healthcare Provision Strengthening Program, set for approval by September 23, 2024, will receive $500 million to improve primary healthcare infrastructure, train healthcare workers, and ensure better service delivery.

    Additionally, the Sustainable Power and Irrigation for Nigeria Project will receive $500 million for power generation and irrigation, crucial for agricultural and industrial development. Approval is scheduled for September 26, 2024.

    The final project, the Rural Access and Agricultural Marketing Project – Scale Up, will receive another $500 million by November 28, 2024. This project aims to improve rural infrastructure and market access for agricultural products.

     

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    Looking ahead, a separate $300 million loan is scheduled for next year under the Solutions for the Internally Displaced and Host Communities Project, aimed at addressing challenges faced by displaced persons and host communities.

    Critics have raised concerns about the growing debt burden, warning that increased borrowing could plunge Nigeria further into debt. However, the government maintains that these loans are crucial for driving sustainable development and addressing infrastructure gaps

  • BREAKING: Federal Lawmakers Push to Ban Under-18 Students from WAEC, NECO, UTME

    BREAKING: Federal Lawmakers Push to Ban Under-18 Students from WAEC, NECO, UTME

    The House of Representatives Committee on Basic Education has thrown its support behind the Federal Government’s decision to set the minimum age for Senior Secondary School Certificate Examination (SSSCE) and UTME candidates at 18 years, starting from 2025.

     

    This decision, announced in July by the Minister of Education, Prof. Tahir Mamman, aims to ensure students are mature enough before entering tertiary institutions.

     

    Breaking: FG Announces New Policy on WAEC, NECO Age Limit

     

    The policy has sparked widespread debate, with some parents expressing concerns that it could slow the academic progress of younger students who excel. However, supporters argue that the policy will better prepare students for the academic and social responsibilities of higher education.

     

    Chairman of the House Committee on Basic Education, Mark Useni, explained that the decision aligns with the Universal Basic Education Act and international standards. He also noted that the policy would prevent very young students, sometimes as young as 12, from seeking admission into universities.

     

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    Useni emphasized the need for the Ministry of Education to develop a proper framework for the policy’s implementation to avoid leaving students stranded.

  • Pat Utomi Reveals Those Behind Nigeria’s Misery, Calls for Fuel Subsidy Return

    Pat Utomi Reveals Those Behind Nigeria’s Misery, Calls for Fuel Subsidy Return

    Renowned political economist, Professor Pat Utomi, has attributed the hardships faced by Nigerians to the failures of the political class. Speaking on Channels Television’s Politics Today, Utomi emphasized that the current economic struggles are a direct result of poor leadership and decision-making by the country’s politicians.

     

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    Utomi criticized the political elite for repeatedly making poor choices, particularly pointing to the National Assembly, which he described as emblematic of the nation’s leadership problems. He urged the political class to publicly acknowledge their role in Nigeria’s woes.

     

    On the issue of fuel subsidies, Utomi advocated for the reintroduction of a targeted subsidy regime. He argued that essential sectors, like fuel for public use, should be subsidized, drawing parallels to agricultural subsidies in the United States.

    Petrol Scarcity Will Be Over Soon But We Have No Control Over Prices – FG

     

    Utomi further stated that the failure of leadership in Nigeria should lead to public accountability similar to what is seen in other parts of the world, such as Southeast Asia.

  • Petrol Scarcity Will Be Over Soon But We Have No Control Over Prices – FG

    Petrol Scarcity Will Be Over Soon But We Have No Control Over Prices – FG

    Tinubu-Led Government Assures End to Nationwide Fuel Scarcity by Weekend.

     

    The Federal Government has assured Nigerians that the ongoing fuel scarcity will be resolved by the weekend, following concerns about the widespread hardship caused by the situation. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the announcement on September 5 after a meeting with Vice President Kashim Shettima and Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL).

     

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    Lokpobiri stated that President Bola Tinubu is deeply concerned about the difficulties being faced by the public due to the fuel scarcity. He emphasized that the government is not fixing fuel prices, but expects prices to stabilize once product availability increases.

     

    “We believe that between now and the weekend, there will be availability of products across the country,” Lokpobiri said. “The prices may vary across regions, but once there is enough supply, the price will stabilize.”

     

    The minister urged Nigerians to avoid panic buying, reassuring them that there is sufficient petrol in the country to meet demand. He reiterated that the fuel sector is fully deregulated, and prices are expected to adjust naturally as supply improves.

     

    The scarcity and subsequent price hikes have significantly affected transport fares, with prices soaring by over 50% in several major cities. The NNPCL recently increased petrol prices to between N855 and N897 per litre, depending on the region, from the previous N568-N617 per litre.

     

    The government’s intervention is expected to bring relief to Nigerians as the weekend approaches, alleviating the transportation and cost-of-living challenges posed by the fuel shortage.

  • FG Begins Sale of 50KG Rice to Nigerians at N40,000 (See How to Buy Yours)

    FG Begins Sale of 50KG Rice to Nigerians at N40,000 (See How to Buy Yours)

    FG Launches Sale of 50kg Rice to Nigerians at ₦40,000

    In an effort to combat rising food prices and alleviate hunger, the Federal Government has launched the sale of 50kg bags of rice to Nigerians at a subsidized price of ₦40,000.

     

    The initiative was officially rolled out by the Minister of Agriculture and Food Security, Abubakar Kyari, in Abuja on Thursday, as part of President Bola Tinubu’s commitment to ensure no Nigerian goes to bed hungry.

     

     

    During the launch, Kyari stated that the government has made available 30,000 metric tonnes of rice to be distributed nationwide at the reduced rate. He highlighted the timeliness of the intervention, given the prevailing economic challenges, noting that this measure is aimed at easing the burden on citizens.

     

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    “A Timely Intervention”

    “This food intervention can be said to be timely considering the times and challenges we are in as citizens of this great nation,” Kyari said. “This kind gesture was made possible at the directives of President Bola Tinubu, who does not want Nigerians to go to bed hungry; and in his wisdom, deemed it important to initiate this food intervention.”

    The Minister emphasized that the sale of the rice would be carefully monitored to prevent hoarding or exploitation by middlemen. Verification will be done through the National Identification Number (NIN) and phone numbers to ensure transparency and that no individual purchases more than one bag.

    Crashing the Price of Rice

    The distribution of the rice is expected to have a significant impact on the market price of rice, with Kyari expressing optimism that the injection of 30,000 metric tonnes of rice will help lower prices across the country.

     

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    “It is expected that with the injection of 30,000MT (1000 trucks of 30MT each) of this important staple into Nigeria’s food balance sheet, it will not only crash the price of rice but also affect the prices of other closer food substitutes and alternatives,” he explained.

    How to Buy

    Explaining the process, Dr. Haruna Sule, Director of Strategic Grains Reserve at the Ministry of Agriculture, stated that civil servants can access the rice from designated points of sale using their Integrated Payroll and Personnel Information System (IPPIS) details. Payment will be made electronically, and each buyer will receive a treasury receipt with a unique code that will be presented at collection points.

    Sule added that the points of sale and collection will be set up separately to avoid stampedes. “Once the payment is confirmed, a receipt with a code will be issued. The buyer will then proceed to the designated collection point to present the code and collect the rice,” he explained.

    In Abuja, five to six sales points will be established across the Federal Capital Territory, with similar setups planned for other states.

    A Response to Soaring Food Prices

    This initiative comes as Nigerians face increasing food insecurity due to inflation, which has significantly affected the cost of staple food items. With the subsidized rice sale, the Federal Government aims to provide some relief to citizens, particularly those struggling with the high cost of living. The duration of the sale will depend on how quickly the rice stock is sold.

    The government’s move has been met with mixed reactions, with some praising the effort, while others call for more sustainable long-term solutions to the nation’s food crisis.