Akwa Ibom State Governor, Umo Eno, has cautioned newly sworn-in local government chairmen and their deputies not to misinterpret their autonomy as independence from the state government. During the swearing-in ceremony at the Banquet Hall in Uyo, Governor Eno emphasized the need for collaboration between the local governments and the state. He explained that while […]
Author archives: Gloria
Black Market Dollar to Naira Exchange Rate Today: October 8, 2024
As of today, the dollar to naira exchange rate in the black market (parallel market) remains at a high value. According to Bureau De Change (BDC) sources, in Lagos, buyers purchase a dollar for ₦1,665 and sell it at ₦1,675. It is important to note that the Central Bank of Nigeria (CBN) does not officially […]
Labour Party Condemns Rivers State Local Government Elections, Vows Legal Action
The Labour Party (LP) has denounced the October 5, 2024 local government elections in Rivers State, calling the process unconstitutional and fraudulent. In a statement issued in Port Harcourt, Dr. Francis David Matthew, the LP’s Publicity Secretary for the Port Harcourt City Campaign Council, claimed that the Rivers State Independent Electoral Commission (RSIEC) conducted what […]
Tinubu Urges Rivers Leaders to Resolve Election Disputes in Court, Condemns Violence
President Bola Tinubu has called on Governor Siminalayi Fubara, political leaders, and their supporters in Rivers State to resolve their election-related disputes through the judiciary, emphasizing that “self-help has no place in a democratic system.” This follows reports of violence, including arson and vandalism, after the local government elections held last Saturday. In a statement […]
Lukman Urges Opposition Leaders to Unite for 2027 Elections, Criticizes Tinubu’s Leadership
Salihu Lukman, former APC National Vice Chairman, has called for prominent opposition figures such as Peter Obi, Atiku Abubakar, Yemi Osinbajo, and others to unite ahead of the 2027 elections. Lukman criticized President Bola Tinubu for undermining party structures and exacerbating Nigeria’s economic challenges. He warned that without genuine political reforms, Nigeria risks having weak […]
Tinubu Highlights Challenges in Anti-Corruption Fight, Calls for Judicial Reforms
President Bola Tinubu has identified key obstacles hampering Nigeria’s fight against corruption, including frivolous appeals, intimidation of judges, and rulings based on technicalities rather than substantive evidence. Speaking at the opening of the 6th Capacity Building Workshop for Justices and Judges, organized by the EFCC and the National Judicial Institute (NJI), Tinubu stressed the need […]
SUU Criticizes CBN for Neglecting University Projects Since Sanusi’s Tenure
The Academic Staff Union of Universities (ASUU) has criticized the Central Bank of Nigeria (CBN) for its lack of investment in public university projects since 2014, following the end of Sanusi Lamido Sanusi’s tenure as CBN Governor. ASUU President, Emmanuel Osodeke, commended Sanusi for prioritizing university development during his time in office, contrasting his contributions […]
Labour Party Welcomes Kwankwaso’s Offer to Be Obi’s Running Mate for 2027 Presidential Election
The Labour Party has welcomed Senator Rabiu Kwankwaso’s recent offer to be Peter Obi’s running mate in the 2027 presidential election. Kwankwaso, the New Nigeria People’s Party (NNPP) presidential candidate in 2023, expressed willingness to serve as Obi’s deputy, provided certain conditions are met. Kwankwaso’s statement comes nearly two years after failed merger talks between […]
US Jobs Report Lifts Asian Markets, Dollar Holds Firm Amid Middle East Tensions
Asian markets surged on Monday following a robust US jobs report that eased concerns over the global economy. The dollar maintained its gains as investors reduced expectations of another significant interest rate cut. Meanwhile, oil prices saw a slight dip as traders awaited Israel’s response to Iran’s recent missile strike, raising fears of broader conflict […]
Nigerian Electricity Discos Generate ₦887 Billion in First Seven Months of 2024 Amid Tariff Hike
The revenue generated by Nigerian electricity distribution companies (Discos) surged to ₦887.86 billion in the first seven months of 2024, following a significant tariff hike. Data from the Nigerian Electricity Regulatory Commission (NERC) shows that Discos collected 79.7% of a total electricity bill of ₦1.14 trillion during this period. The tariff increase, which raised rates […]