Author: Editor
The Central Bank of Nigeria (CBN) took its latest step towards stabilising the naira after selling almost $90 million in the spot FX market on Tuesday, its first sale of dollars in the market since September 2023. Sources familiar with the matter told BusinessDay that the CBN sold the dollars at a rate as low as N1490 per dollar, with more than half of the 34 banks that bidded securing between $2-5 million. The sale is aimed at improving dollar liquidity in the market and breathing life into one of the world’s worst-performing currencies this year. “Rather than fix rates, the CBN…
The management and staff of a frontline newspaper Surisebulletin.com, has congratulated Otunba Seye Famojuro on his birthday, describing him as “a committed and selfless leader.” In a statement signed by the Publisher Mr. Omolere Omoetan, He said Otunba Famojuro has contributed in no small measure to the growth and development of Oyo State, as a close ally of Governor Seyi Makinde. Omoetan, who described Otunba as a “visionary leader and a lover of youth” in a congratulatory message said Otunba, has displayed pragmatic leadership with selflessness and dedication by rendering quality service to mankind, stressing that…
In spite of the Federal Government’s repeated assurance of bringing down the prices of foodstuffs in the markets, some grain marketers, especially rice merchants in Sokoto State, have commenced massive exportation of local rice to Niger Republic. Arewa PUNCH’s month-long investigations across the state reveal that most rice dealers now prefer to export the Nigerian local rice to the neighbouring country due to the exchange rate. A commercial driver who is among the group hired to ferry bags of the grain outside the country told Arewa PUNCH on condition of anonymity that the reason behind the business idea is…
The United Kingdom Minister for Business and Trade, Kemi Badenoch and Nigerian Trade Minister Doris Nkiruka Uzoka-Anite, at the signing on Tuesday in Abuja. The United Kingdom Minister for Business and Trade, Kemi Badenoch and Nigerian Trade Minister Doris Nkiruka Uzoka-Anite, at the signing on Tuesday in Abuja. The Federal Government has retracted its earlier statement on the legal aspect of the Enhanced Trade and Investment Partnership signed with the United Kingdom on Tuesday. This came following criticism from Nigerians over the perceived one-sided nature of the Memorandum of Understanding signed with the UK. The Nigerian Minister for Trade…
: The immediate-past Secretary to the Government of the Federation, Boss Mustapha, said on Tuesday that $6.2m was released from the Central Bank of Nigeria in February 2023 using a forged document. The money, he said, was released for foreign observers ahead of the 2023 general elections. Mustapha stated this when he appeared as the fourth prosecution witness in the ongoing fraud trial of the immediate-past CBN Governor, Godwin Emefiele, before the Federal Capital Territory High Court in Maitama, Abuja. The EFCC arraigned Emefiele on amended 20 counts bordering on forgery, criminal conspiracy, conferring undue advantage, and breach of trust,…
Written by Comrade Simeon Ibekwe, a Member GSM Advocates In the dynamic political landscape of Oyo State, one name that stands out as a trusted ally of Governor Seyi Makinde is Otunba Seye Famojuro. With his unwavering commitment to the development and progress of the state, Famojuro has emerged as a key figure, playing a pivotal role in navigating the ship of Oyo State’s political space. Through his expertise, experience, and dedication, Famojuro has become an indispensable asset to Governor Makinde’s administration, contributing significantly to the state’s growth and prosperity. Background: Otunba Seye Famojuro is a renowned political strategist…
FCT Ground Rent: Your Titles Will Be Revoked In Two Weeks – Wike Warns Cote D’Ivoire Embassy, Others. The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has published the names of foreign embassies owing ground rent in Abuja. According to the list, a total of $5.36m is being owed. In a memo titled Final Notice on Payment of Outstanding Ground Rent in the FCT, gave those affected organisations just two weeks to pay up. “All allottees, property owners, as well as beneficiaries of the sale of Federal Government Houses in the FCT who could not pay or settle…
The Governor of Oyo state, Seyi Makinde and Ogun state Governor, attended the public presentation of the book, “The Transformational Leader”, written by a former Managing Director of Wema bank, Ademola Adebise. The event which took place in Lagos on Tuesday, also had other dignitaries in attendance including the Lagos State Governor, ably represented by the Secretary to the Lagos State Government, Bimbo Salu-Hudeyin and Founder of Elizade Motors, Chief Michael Ade- Ojo. According to the book that highlighted the path of a Tech Bro to Bank CEO, Ademola Adebise is a transformational visionary leader with over 33 years…
President Bola Tinubu has coffered national honours on all members of the Super Eagles squad that won the silver medal at the Africa Cup of Nations (AFCON) in Cote d’Ivoire. The president also granted a plot of land in the Federal Capital Territory (FCT) and a flat to each of them for their feat at the just concluded competition. Nigeria’s run to claim the country’s fourth AFCON title came to a disappointing end after the Eagles lost 2-1 to Cote d’Ivoire in the final on Sunday. The Eagles took the lead in the match after William Troost-Ekong scored a…
A bill seeking the creation of three additional states in the South-West has been listed for presentation in the House of Representatives. Sponsored by the lawmaker representing Obokun/Oriade Federal Constituency, Osun State, Oluwole Oke, the proposed law is seeking the creation of Oke-Ogun, Ijebu and Ife-Ijesa states. The proposed legislation is titled “A Bill for an Act to amend the Constitution of the Federal Republic of Nigeria 1999 (as amended)”. It seeks an amendment to the First Schedule, Part I of the Constitution to read, “The First Schedule, Part I of the Constitution is amended by introducing new states…