Power Shutdown Announced at Lagos Airport for Maintenance, Royal Air Maroc Flights Affected

The Federal Airports Authority of Nigeria (FAAN) has announced a scheduled power shutdown at the Murtala Muhammed International Airport in Lagos. The temporary shutdown will affect International Terminal 2 and is planned to take place between 1:00 a.m. and 4:30 a.m. on Saturday, November 16th, 2024. This measure is part of ongoing maintenance efforts to enhance operations at the terminal.

In a statement released by FAAN’s Director of Public Affairs and Consumer Protection, Obiageli Orah, the authority emphasized that the shutdown has been carefully planned to minimize disruptions to flight operations and passenger processing. To accommodate affected flights, Royal Air Maroc will temporarily shift its check-in and arrival procedures to International Terminal 1 during the maintenance period.

Passengers scheduled to travel during these hours are encouraged to cooperate with airport staff and adhere to any additional instructions provided. FAAN has assured continuous passenger movement throughout the maintenance and regrets any inconvenience caused.

“Airlines, security agencies, and concessionaires will be notified accordingly,” the statement noted, reaffirming the priority of safety and security for all airport users.

Nigerian Newspaper Headlines for Saturday, November 16th, 2024

Today’s top stories from Nigeria’s national newspapers highlight key events across the country:

The PUNCH: There’s heightened anticipation in Ondo State’s 18 local government areas as the governorship election unfolds. The All Progressives Congress candidate, Lucky Aiyedatiwa, faces stiff competition from Agboola Ajayi of the Peoples Democratic Party for the Governorship of Alagbaka House. Security forces, including the Independent National Electoral Commission, the Nigeria Police Force, and the Nigeria Security and Civil Defence Corps, are intensifying their efforts to ensure a smooth election day.

Vanguard: Over two million voters are expected at the polls today to choose the next governor of Ondo State from a crowded field of 17 candidates. However, concerns have been raised regarding the potential influence of money on the election’s outcome.

The Guardian: The debate over the repatriation of the Benin Bronzes continues to stir controversy. These historic artifacts, which originated from the ancient Benin Empire, are at the center of a cultural clash. While Nigerians, particularly descendants of Benin, are eager to see the bronzes returned, Western museums fear losing part of their heritage. The search for a permanent home for returned artifacts remains an ongoing challenge.

The Nation: In a call for calm, President Bola Tinubu urged political stakeholders and voters to maintain a peaceful and orderly election in Ondo State. With 1,793,914 registered voters having collected their voter cards, the race between APC’s Governor Lucky Aiyedatiwa and PDP’s Agboola Ajayi is expected to be closely contested.

Thank you for staying updated. Join us tomorrow for another round-up of Nigeria’s leading news stories.

Nigeria’s Crude Oil Output Expected to Reach 2 Million Barrels per Day by December

Nigeria’s crude oil production is projected to hit 2 million barrels per day (mbpd) by December 2024, following recent positive trends. On November 14, the Nigerian National Petroleum Company Limited (NNPCL) announced that crude oil production had reached 1.8 mbpd, with gas output increasing to 7.4 billion standard cubic feet per day.

This development has been praised by Chief Government Ekpemupolo, also known as Tompolo, Chairman of Tantita Security Services Nigeria Limited (TSSNL). Tompolo commended the NNPCL and other partners for their efforts, including Tantita’s pipeline protection initiative, a key component in reducing oil theft in the Niger Delta.

Tompolo emphasized that Tantita and its partners are committed to reaching the 2 mbpd target by the end of the year, as directed by President Bola Tinubu. He stressed that every resource necessary has been deployed to achieve this goal, which is expected to boost Nigeria’s economy and increase government revenue.

To combat oil theft and protect pipelines, new technology is being deployed for surveillance, ensuring the country’s resources are secured. Tompolo assured that efforts would not cease until the production goal is not only met but potentially exceeded.

In 2022, the Nigerian government awarded a contract to Tantita for pipeline protection due to the surge in oil theft, and since then, collaboration with security agencies has significantly reduced illegal activities in the coastal regions of the Niger Delta.

Mele Kyari, Group Chief Executive Officer of NNPCL, acknowledged the achievement of 1.8 mbpd as a result of directives from President Tinubu. He highlighted the role of the Production War Room Team, which has been pivotal in increasing production. According to Lawal Musa, Chief War Room Coordinator, a series of targeted interventions involving security and production partners have been instrumental in the steady rise in crude output since June 2024.

Musa expressed confidence that with continued efforts, Nigeria’s crude oil production could reach the target of 2 mbpd by year’s end.

Edo State Governor Appoints New Chief of Staff

Governor Monday Okpebholo of Edo State has announced the appointment of Hon. Gani Audu as his new Chief of Staff. According to a statement released on Friday by Fred Itua, the Governor’s Chief Press Secretary, the appointment is effective immediately.

The official communication, signed by the Secretary to the State Government, Musa Umar Ikhilor, highlighted that Audu’s role will be instrumental in assisting Governor Okpebholo with implementing key reforms aimed at the development of Edo State.

“It is hereby announced for the information of the general public, particularly the good people of Edo State, that His Excellency, Senator Monday Okpebholo, Governor of Edo State, has approved the appointment of Hon. Gani Audu as his Chief of Staff. The appointment takes immediate effect,” stated the announcement.

Profile of Hon. Gani Audu

  • Date of Birth: August 18, 1969
  • Education:
  • HND from Auchi Polytechnic (1994)
  • PGD in Business Administration from Benson Idahosa University (2011)
  • M.Sc in Intelligence and Global Security from Baze University, Abuja (2024)

Political Background

Hon. Gani Audu has had a longstanding political career:

  • Served as the elected Chairman of Etsako West Local Government Council from 2004 to 2010.
  • Held the position of Member of the Edo State House of Assembly (Etsako West Constituency 1) from 2015 to 2023.
  • He was also the deputy governorship candidate for the All Progressives Congress (APC) in the 2020 Edo State Governorship elections.

The appointment aims to bolster the administrative efficiency of the Governor’s office as Edo State pursues a series of significant reforms under Okpebholo’s leadership.

NJC Recommends 36 New Judges for Appointment Across Nigeria’s States

Nigeria’s National Judicial Council Calls for Appointment of 36 New Judges

The National Judicial Council (NJC) has put forward the names of 36 candidates for judicial appointments across various Nigerian states. The NJC’s recommendation was made during its 107th meeting, held on November 13 and 14, 2024, under the leadership of the Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun.

The recommended judges are expected to be formally sworn in by the Governors of their respective states.

List of NJC-Recommended Judges by State:

High Court of Oyo State (8 Judges)

  1. Opayinka, Adeniyi Gabriel
  2. Oyediran, Oloyede Semiu
  3. Oladejo, Olusoji Moses
  4. Ademola-Salami, Oluwaseun Toluwanimi
  5. Adesina, Jimoh Adam
  6. Adekunle, Yemi Saubana
  7. Adepoju, Olutola Jolade Adenike
  8. Muraina, Olayemi Rasaq

High Court of Kebbi State (4 Judges)

  1. Muhammad, Kwaido Hassan
  2. Ibrahim, Umar Halima
  3. Jagwadeji, Suru Lauratu
  4. Muhammad, Nuruddeen

High Court of Sokoto State (7 Judges)

  1. Haruna, Dogondaji Mariya
  2. Sahabi, Jaredi Hadiza
  3. Ahmad, Sha’aibu
  4. Hassan, Fatima
  5. Mohammed, Sa’idu Fatima
  6. Muhammad, Nura Bello
  7. Moyi, Abubakar

High Court of Akwa Ibom State (6 Judges)

  1. Ekanem, James Bassey
  2. Umohandi, Mfon Winifred
  3. Essien, Bassey Iwakaowo
  4. Morrison, Henry Comfort
  5. Ntekim, Edet Ekpo
  6. Eddie, Julius Sharon

Sharia Court of Appeal, Sokoto State (7 Kadis)

  1. Muhammad, Abdulazeez Yar’Abba
  2. Lawal, Isa Abubakar
  3. Bello, Sokoto Ibrahim
  4. Imam, Abubakar Bello
  5. Muhammad, Abibu Lawal
  6. Ibrahim, Bodinga Umar
  7. Kabiru, Marnona Umar

Sharia Court of Appeal, Kebbi State (2 Kadis)

  1. Aliyu, Kabir, SAN
  2. Bello, Muhammad Atiku

Customary Court of Appeal, Oyo State (2 Judges)

  1. Oyediran, Safiya Amope
  2. Ojekunle, Ojeyemi Ademola

The NJC’s recommendations follow a careful selection process aimed at strengthening the judiciary across the country. Each nominee has been vetted to ensure they meet the standards required for judicial service.

For more updates on judicial appointments and other news, stay tuned with Nigeria Times News.

NASRDA DG Flags Off Construction of Nigeria’s Geodetic VLBI Project

The Director General of the National Space Research and Development Agency (NASRDA), Dr. Mathew Olumide Adepoju has on Thursday performed the ground breaking ceremony of the Geodetic Very Long Baseline Interferometry (VLBI) project at the Center for Geodesy and Geodynamics, (CGG) Toro.

According to Dr Adepoju, the project is one of the milestone projects of President Bola Tinubu’s administration in the area of science and technology.

He described the project as a major effort at mitigating the adverse effects of natural hazards on the entire citizenry of Nigeria and safe guarding their property.

“I am particularly excited that it is during my tenure as the Director-General/Chief Executive of NASRDA that we are witnessing this epoch-making event,” he said. 

He explained that the choice of the location of the project was based on the fact that it is sited on a solid geological bedrock (Older Granites) that can serve as immobile belt on which the Very Long Baseline Interferometry (VLBI), Global Navigation Satellite System (GNSS), and Satellite Laser Ranging (SLR) can be situated.

The DG expressed the appreciation of the Government and people of Nigeria to the Government of the Peoples Republic of China through its partner, the Shanghai Astronomical Observatory for funding the project.

He said: “This project is as a result of the collaboration between the National Space Research and Development Agency (NASRDA) and the Shanghai Astronomical Observatory (SHAO), China. “This gesture by the Chinese government will go a long way in strengthening the already existing cordial relationship between our countries.”

He praised the Director of CGG, Dr Joseph Danasebe Dodo for his efforts and resilience in initiating the project and the staff of the Centre for Geodesy and Geodynamics in seeing to the realization of this dream conceived many years ago.

Speaking at the event, Dr. Dodo expressed joy at the realisation of the VLBI project while noting with gratitude the resilience and solidarity of the NASRDA boss in ensuring that the project comes to fruition.

The Project Manager of the Chinese International Telecommunication Construction Company (CITCC) Mr. Wu Jiyong appreciated the opportunity given to the company to execute the project while assuring the agency of a thorough job.

Dignitaries present at the epoch making occasion include Directors in the Agency, traditional rulers and Chiefs from Lame, Jama’a and Toro communities, local politicians, staff members and members of the host community.

This multi-million-dollar project is primarily aimed at deep space science which include satellite tracking, space missions, earth orientation parameters determination, national defense and monitoring of geodynamics phenomena such as earthquakes, volcanic eruption among others in Nigeria and the Sub-Saharan Africa.

The infrastructure will also contribute to the global network of Space Geodetic Systems for the understanding of the Global Reference Frame and Plate Tectonics. It is the first and only one in the Sub-Saharan Africa.

The benefits of the project when completed will include among others: the tracking of spacecraft for national defense, monitoring of space missions, monitoring of space weather and climate change, providing unambiguous earth orientation parameters, determination of orbit and location of satellites, monitoring of geodynamic events at regional and global scales, contribution to the global network of space geodetic systems and aid in the understanding of the global reference frame and Earth’s tectonic activities.

Nigerian Newspapers Daily Front Pages Review – November 15, 2024

Nigeria Times News brings you a daily summary of the major headlines in Nigeria’s national newspapers. Here are the key stories making waves on Friday, November 15, 2024:

The PUNCH

The spotlight is on the upcoming Ondo State governorship election, set for Saturday. Security agencies have intensified efforts to ensure a smooth and peaceful electoral process. The Defence Headquarters announced the deployment of additional troops to strategic border areas and known hotspots. This move aims to support the Nigeria Police Force in maintaining law and order throughout the election.

Vanguard

The Federal Executive Council (FEC) has approved a ₦47.9 trillion budget proposal for the 2025 fiscal year. Additionally, a borrowing plan of ₦13.8 trillion has been endorsed as part of the budget strategy. These developments suggest an ambitious financial plan as Nigeria prepares for the next fiscal year.

The Guardian

As part of its 2025 financial strategy, the Federal Government is considering acquiring an additional $2.2 billion debt, adding to the nation’s current financial obligations. This move is part of plans to fund the newly proposed ₦47.9 trillion budget. Minister of Budget and Economic Planning, Atiku Bagudu, shared that the Medium-term Expenditure Framework (MTEF) for 2025-2027 has been approved, setting the groundwork for next year’s spending.

Daily Trust

The Medium-Term Expenditure Framework (MTEF) for 2025-2027 has received approval from the Federal Executive Council, featuring a proposed budget of ₦47.9 trillion for the year 2025. This announcement came during a press briefing by Minister Atiku Bagudu following a meeting chaired by President Bola Ahmed Tinubu.

Conclusion

These headlines highlight key political and economic events shaping Nigeria’s landscape. From preparations for the Ondo governorship election to substantial budgetary discussions, the stories underscore the government’s focus on security, fiscal planning, and economic strategy as the country looks towards 2025.

Stay tuned for tomorrow’s review of Nigeria’s latest news and developments!

Fresh Naira Scarcity Hits Nigeria – Affected States and Causes

Fresh Cash Scarcity Hits Nigerian States – Key Areas Affected

Naira scarcity has resurfaced in several Nigerian states, despite increased supply efforts by the Central Bank of Nigeria (CBN). Over the past week, the shortage has been particularly severe in northern regions, affecting daily transactions and causing frustration among residents.

Affected States

The states grappling with significant cash shortages include:

  • Bauchi
  • Borno
  • Kaduna
  • Kano
  • Kebbi
  • Taraba
  • Some satellite towns in the Federal Capital Territory (FCT)

The cash shortage is impacting various sectors, causing a rise in transaction costs and disruptions to local economies.

Causes of the Cash Scarcity

  1. Increased Currency in Circulation
    According to recent data from the CBN, currency in circulation reached ₦4.14 trillion in August 2024, with ₦3.87 trillion outside the banking system. This is a sharp increase from ₦2.66 trillion in August 2023—a 55.8% Year-on-Year rise. Yet, despite this high circulation, access to cash remains problematic, especially in rural and northern regions.
  2. High Demand for Cash Transactions
    The scarcity is exacerbated by the strong preference for cash in agricultural transactions. Farmers and traders, especially in rural areas, often lack access to electronic payment systems, leading to high demand for physical cash. Recent reports indicate that many businessmen are purchasing grains in bulk, hoarding cash for these transactions, which strains the supply.
  3. Seasonal Transactions
    As Christmas approaches, transactions involving livestock, particularly goats, are increasing. These are predominantly cash-based, with animals transported from the North to the South for festive celebrations. This seasonal spike in cash demand is contributing to the overall shortage.

Impact on Local Transactions

  • POS Operators Struggle
    Many Point of Sale (POS) operators in affected states report difficulties in accessing cash from banks, forcing them to rely on traders and petrol stations. Charges have also risen due to the scarcity, with fees for a ₦50,000 withdrawal doubling from ₦500 to ₦1,000.
  • ATM and Banking Limitations
    ATM terminals in these states are either not dispensing cash or have significantly reduced limits, ranging from ₦20,000 to ₦50,000 per day. Banking halls are not faring much better, with limited cash available for over-the-counter transactions.

Response from Authorities

Attempts to get an official statement from bank officials and the CBN’s Acting Director of Corporate Communications, Hakama Sidi, were unsuccessful, as calls and messages went unanswered.

The current situation underscores persistent challenges in ensuring stable cash flow in Nigeria, despite official efforts to bolster currency supply. It remains to be seen how the CBN and other financial institutions will address the growing concerns as the holiday season approaches.

Stay tuned to Naija News for updates on the cash scarcity and other financial developments in Nigeria.

Wike Celebrates Fayose’s 64th Birthday, Praising His Honesty and Loyalty

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has extended heartfelt birthday wishes to Ayo Fayose, former Governor of Ekiti State, as he turns 64. In a statement released on Friday in Abuja by his Senior Special Assistant on Public Communications and New Media, Lere Olayinka, Wike commended Fayose for his straightforward nature and dedication to his beliefs.

A Dependable Friend and Influential Politician

Wike described Fayose as a “dependable ally” and a man who never hides where he stands on important issues, praising him for his honesty in the often unpredictable world of Nigerian politics. “Fayose has remained a reference point in Nigerian politics, and his impact on Ekiti State will always be remembered,” Wike remarked.

He also referred to Fayose as a “valuable friend and brother,” acknowledging his significant contributions to political discourse and governance in Nigeria. “At 64, Fayose’s life is a testament to God’s grace and a reminder of the ongoing need for service to our country,” Wike added.

Acknowledging Contributions to Nigerian Politics

Wike’s tribute highlighted Fayose’s long-standing influence in Nigerian politics, particularly in Ekiti State, where he served two terms as governor. According to Wike, Fayose’s direct and candid approach has left a lasting impression, making him a respected figure in political circles.

“I rejoice with my friend and brother, former Governor of Ekiti State, Peter Ayodele Fayose, Osokomole, on his attainment of 64 years on earth today, November 15, 2024,” Wike stated. He praised Fayose’s loyalty, declaring that the former governor’s contributions to Nigerian politics are both impactful and enduring.

A Wish for Continued Prosperity and Health

In his birthday message, Wike expressed hopes for Fayose’s continued success, good health, and fruitful days ahead. “It is my prayer that God will continue to make the days of our own Osokomole on earth fruitful, with immeasurable blessings and robust health,” Wike concluded.

The former Governor of Ekiti State, often known for his outspoken personality and willingness to address controversial topics, remains a prominent figure in Nigerian politics, admired by allies and even some critics for his unwavering positions.

Black Market Dollar to Naira Exchange Rate for 15th November 2024 and Upcoming Tax Reforms

Black Market Dollar to Naira Exchange Rate for 15th November 2024

Curious about today’s Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)? Here’s the latest update for 15th November 2024.

Today’s Black Market Exchange Rate

The exchange rate for Dollar to Naira in the Lagos Parallel Market shows that buyers are offering ₦1740 per Dollar, while sellers are setting the rate at ₦1745. These figures are based on information from sources within the Bureau De Change (BDC).

Please Note: The Central Bank of Nigeria (CBN) does not recognize parallel market rates. Individuals interested in Forex transactions are advised to contact their banks.

Summary of Exchange Rates

Dollar to NairaBuying RateSelling Rate
Black Market₦1740₦1745
CBN Rate₦1657₦1658

Disclaimer: Actual buying or selling prices may differ, as forex rates can vary depending on the source.

New Tax Reforms Under Tinubu’s Government

The Nigerian government, led by President Bola Ahmed Tinubu, is proposing a new tax system aimed at simplifying Nigeria’s tax landscape and reducing the burden of multiple taxes on individuals and businesses.

Key Changes in the Tax System

In a recent interview with Channels Television, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal and Tax Reforms, announced that the goal is to consolidate all existing taxes into a single-digit system. This would mean fewer than ten taxes within a specified period.

He explained that the reforms are designed to enhance cooperation between federal and state tax authorities, focusing on areas like data sharing, tax intelligence, and improving the skills of tax officials.

Oyedele’s Statements

“We aim to reduce all taxes to single digits by the end of the reforms. Our objective is to enable tax authorities to collect efficiently while allowing other government agencies to concentrate on their core duties, fostering an environment where the economy can thrive,” said Oyedele.

He also mentioned efforts to pass a comprehensive Nigerian Tax Administration Bill, which would streamline taxpayer registration, returns, assessments, and audits using advanced technology.

The Nigerian tax system, currently one of the most outdated globally, will undergo a transformation that could modernize tax practices and potentially drive economic growth.