Top Nigerian Newspaper Headlines for Wednesday, October 30, 2024

Good morning, Nigeria! Here’s today’s roundup of key headlines across Nigeria:

  1. Tinubu Meets Dangote and Key Officials to Push Local Naira Payments for Crude
    President Bola Ahmed Tinubu met with the Crude Oil and Refined Products Sales in Local Currency Committee, led by Finance Minister Wale Edun, to discuss using the naira for local crude sales, supported by Dangote Refinery.
  2. Details of Tinubu-Biden Phone Call Unveiled
    President Joe Biden and President Tinubu discussed the recent release of Binance’s Head of Finance Compliance and shared appreciation for U.S.-Nigeria security partnerships.
  3. Power Minister Promises 72-Hour Resolution to Northern Power Crisis
    Power Minister Adebayo Adelabu announced plans to restore electricity to northern Nigeria within 72 hours, following outages due to insurgent attacks on critical power lines.
  4. Peter Obi Criticizes Borno Speaker’s Call for New Aircraft for VP Shettima
    Labour Party’s Peter Obi called Speaker Abdulkareem Lawan’s request for a new aircraft “insensitive,” urging leaders to focus on issues benefiting Nigerians.
  5. Asari Dokubo: Tinubu Saved My Life from Obasanjo’s Alleged Threat
    Ex-militant Asari Dokubo claims former President Olusegun Obasanjo would have harmed him without Tinubu’s intervention and pledges his support for Tinubu’s administration.
  6. Tinubu Launches 2025 Armed Forces Remembrance Day Campaign
    President Tinubu launched the 2025 Armed Forces Remembrance Day Emblem, honoring the military’s dedication to national security with donations from key officials.
  7. APC Suspends Rauf Aregbesola Over Alleged Anti-Party Activities
    The Osun State APC has suspended former Minister of Interior Rauf Aregbesola, accusing him of creating factions within the party and harming its unity.
  8. FCCPC Warns Banks on Violating Customers’ Rights Amid Service Disruptions
    The FCCPC called out banks for service outages affecting customer access to funds, advising them to keep customers informed during disruptions.
  9. Dangote Predicts End to Fuel Queues as Refinery Begins Production
    Aliko Dangote stated that fuel queues will vanish if oil marketers support his refinery, which can meet Nigeria’s fuel needs at full capacity.
  10. Minister Urges Improved Intelligence Sharing Among Security Agencies
    Police Affairs Minister Ibrahim Gaidam emphasized the importance of communication among security agencies to strengthen Nigeria’s fight against insecurity.

Stay tuned for more Nigerian news on Nigeria Times News!

Dollar to Naira Exchange Rate Today: Black Market and CBN Rates for October 30, 2024

Dollar to Naira Exchange Rate Today

What is today’s Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki FX)? Here’s a look at the black market rate for October 30, 2024, along with the official rates from the Central Bank of Nigeria (CBN).

Black Market Dollar to Naira Exchange Rate (Aboki Dollar Rate)
At the Lagos Parallel Market, players are buying dollars at N1743 and selling at N1748, according to Bureau De Change (BDC) sources. Please note, however, that the Central Bank of Nigeria does not recognize these parallel market rates and encourages individuals to use official banking channels for forex transactions.

Dollar to Naira (USD to NGN)Black Market Rate Today
Buying RateN1743
Selling RateN1748

CBN Dollar to Naira Exchange Rate

Dollar to Naira (USD to NGN)CBN Rate Today
Buying RateN1664
Selling RateN1665

Keep in mind that the actual rates for buying and selling forex may differ due to market fluctuations.

Nigeria’s Oil Price and Production Update
Nigeria’s crude oil prices dropped by 7%, reaching $72 per barrel—a decrease from $75 and below the 2024 budget benchmark of $77.96. Market reports suggest this decline is partly due to a tempered response from Israel to Iran’s recent missile attack, which initially stirred supply concerns.

The Organisation of Petroleum Exporting Countries (OPEC) reported a drop in Nigeria’s oil production to 1.324 million barrels per day (bpd) in September, down 2% from August’s 1.352 million bpd. Additionally, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated that total oil output, including condensate, was at 1.544 million bpd in September, down from August’s 1.570 million bpd—a 1.7% monthly decrease.

These developments raise concerns about Nigeria’s ability to meet its 2024 budget projections amid falling oil prices and production challenges.

House of Representatives Calls for Action in Anambra Killings

The House of Representatives has urged the Inspector General of Police, Kayode Egbetokun, and the Director General of the Department of State Services (DSS), Oluwatosin Ajayi, to take immediate action to find and prosecute those responsible for the recent killing of seven Nigerians in Ifite-Awka, Anambra State. This incident occurred near Nnamdi Azikiwe University when armed attackers, suspected to be cultists, opened fire on individuals, causing chaos.

The call for justice was raised as a matter of public importance by Yusuf Gagdi, a representative from Plateau State, who noted that all seven victims hailed from Kanam Local Government Area. Gagdi emphasized that the victims were peaceful citizens working as motorcycle riders near the university gate.

The Deputy Speaker, Benjamin Kalu, endorsed the motion, urging the police and DSS to promptly investigate the case to prevent further tension and ensure justice.

Northern Governors Oppose Tinubu’s Proposed Tax Reform

The 19 governors from Northern Nigeria have voiced strong opposition to the Federal Government’s Tax Reform Bill, recently submitted to the National Assembly. At the heart of their concerns is a proposed shift to a Derivation-based Model for distributing Value Added Tax (VAT), which they argue would disadvantage northern and less industrial regions.

Meeting in Kaduna under the Northern States Governors’ Forum (NSGF), the governors, led by Gombe State’s Muhammad Yahaya, issued a communique expressing their objections. They were joined by northern traditional rulers, the Chief of Defence Staff, General Christopher Musa, and other stakeholders.

The proposed reform, developed by a panel led by Taiwo Oyedele, would adjust the distribution of VAT revenue to favor the locations where goods and services are consumed, as opposed to the current system, which allocates VAT based on company headquarters. Northern states, many of which prohibit the sale of alcohol under Sharia law, currently benefit from VAT collected on alcohol sales nationwide, a practice the reform would end.

The communique argued that the shift would negatively impact the Federal Accounts Allocation Committee’s revenue distribution. The governors urged Northern representatives in the National Assembly to reject the bill, stating, “The contents of the reforms are against the interest of the North and other sub-nationals.”

While the governors emphasized their support for policies that encourage growth, they called for “fairness in the implementation of national policies,” to ensure equitable treatment across geopolitical zones. They also appealed for patience from Nigerians, assuring citizens that measures to ease economic hardship are underway.

NMA Calls for Uniform Salary Structure to Tackle Medical Brain Drain

The Nigerian Medical Association (NMA) President, Prof. Bala Audu, has called for a standardized implementation of the Consolidated Medical Salary Structure (CONMESS) across Nigeria’s 36 states, as the National Physicians’ Week begins in Uyo, Akwa Ibom State.

During a press conference, Audu emphasized that the ongoing “brain drain” — the exodus of healthcare professionals to other countries — stems from systemic issues, particularly the lack of fair and competitive salaries nationwide. He highlighted the theme for this year’s event, “Ensuring Universal Applicability in Remuneration: A Panacea to Talent Retention in the Healthcare System,” pointing out that pay disparities across regions and institutions create an unsustainable and unattractive working environment.

“The current mass migration of doctors is not due to individual choices alone but reflects a broader system failing to provide fair compensation and career fulfilment,” Audu said. “Fair remuneration is essential, not only as a salary figure but as recognition of the value we bring to society and a deterrent to burnout.”

Audu noted that salary inconsistencies persist even among similar healthcare institutions, leading to doctors and healthcare workers often feeling “overworked and underpaid.” These disparities discourage young healthcare professionals from staying in the workforce, increasing strain on those who remain.

The NMA president urged all levels of government to uniformly implement CONMESS and address overdue salary arrears, adding, “Investment in health infrastructure and improved working conditions are crucial for attracting and retaining healthcare talent.” He concluded by highlighting that other countries recognize the need for fair, competitive salaries to retain talent, and Nigeria must do the same to be competitive in the global healthcare sector.

Minister of Power Promises Northern Nigeria Power Restoration Within 72 Hours

The Minister of Power, Adebayo Adelabu, announced that electricity would be restored to Northern Nigeria within three days. Speaking to senators on Tuesday, Adelabu addressed the recent power outage affecting the region, which has been compounded by frequent grid collapses nationwide.

The disruption began on October 22 when the Transmission Company of Nigeria reported an outage across the North-East, North-West, and parts of North-Central Nigeria due to a trip in the 330-kilovolt Ugwaji-Apir transmission lines. According to the Independent System Operator’s Executive Director, Nafisatu Ali, the Shiroro-Kaduna line, critical for Northern power supply, was vandalized by insurgents.

In response, President Bola Tinubu has ordered military support to secure repair operations. Adelabu noted that power would temporarily be rerouted through the Ugwuaji-Makurdi line, which could cover 80% of the affected areas, as efforts are made to restore full functionality.

“Power will be restored to the North within the next two to three days using the Ugwuaji-Makurdi line temporarily,” Adelabu stated, adding that security agencies are assisting in accessing the damaged grid. Full repairs on the vandalized lines are expected within 14 days, with power anticipated to be fully restored across Northern Nigeria shortly after.

China makes efforts to bridge digital divide, brings fruits of development to more

By Jin Xin, People’s Daily

As digital technology advances rapidly, its impact can be seen everywhere.

Therefore, it’s essential to ensure that rural and remote communities, as well as elderly individuals and people with disabilities, can fully integrate into the digital society and bridge the digital divide.

In recent years, various regions across China have launched measures to enhance people’s digital literacy and skills, improve digital accessibility, and provide inclusive public services. These efforts aim to promote the equal sharing of digital development benefits for all.

In a “smart living room” at a comprehensive senior service center in Xianxia Xincun neighborhood, Changning district, Shanghai, an instructor was demonstrating how to use smart appliances to elderly residents.

“Lights in the bedroom, living room, and bathroom are connected to motion sensors, so they automatically turn on when someone passes by,” the instructor explained.

Enhancing digital literacy and skills among the elderly is a vital part of helping them embrace digital lifestyles and narrowing the digital gap.

The China Internet Development Foundation has launched programs such as “Silver Digital Literacy Program,” aiming to improve digital literacy of the elderly in 100 communities.

The China Association for Science and Technology has also introduced a relevant program, which plans to establish “tech universities” and teams of volunteers to help seniors learn about digital technology, and host workshops, training sessions, and seminars.

The All-China Women’s Federation has rolled out an action plan to help elderly women learn to use smart phones, smart appliances, and other digital products.

The elderly is not the only group that needs to be taken into consideration.

The vocational and technical training center for persons with disabilities of Jilin province has launched a drone operation training course.

“The instructors not only taught us how to fly drones but also gave us a detailed understanding of drone structure, flight principles, operational guidelines, and maintenance, laying a solid foundation for us to pursue relevant careers,” said one who participated in the training course.

Working to improve digital skills of people with disabilities, the center is creating new job opportunities for them. It offers training courses focusing on new digital business forms such as livestreaming, short video production, commercial photography, and mobile phone repair.

In parallel with digital literacy and skills improvement, efforts are also made to make smart terminals more accessible for the elderly.

China’s Ministry of Industry and Information Technology has facilitated the elderly friendly renovations of over 2,000 websites and apps often used by the elderly. Besides, China’s Ministry of Transport has expanded the reach of “one-click” ride-hailing services and improved accessible transportation options for seniors.

In September 2023, some first-year university students in southwest China’s Guizhou province joined a digital literacy course online. The course was originally designed for freshmen at East China Normal University in Shanghai, and was later extended to ten universities in Guizhou starting 2023, including Guizhou University of Commerce and Guizhou University of Finance and Economics. The course has been joined by over 38,000 students.

Since the launch of a “MOOC (massive open online courses) for Less-developed Western Region” initiative, universities in eastern China have provided 207,000 online courses to western institutions, gaining 590 million views so far.

Moreover, digital technology is advancing rapidly into rural areas. By the end of 2023, the internet penetration rate in rural China had reached 66.5 percent, underscoring the growing demand for digital literacy and skills in these communities.

In Golog Tibetan autonomous prefecture in northwest China’s Qinghai province, villager Drolma attended a workshop on livestream e-commerce, hoping to expand the online sales channel for local farm produce and handicrafts.

This workshop was part of a “Women Up” economic support program for rural women, which combines online and offline entrepreneurial training, startup incubation support, and resource matching to improve digital literacy and skills for rural women in western provinces like Sichuan, Guizhou, Yunnan, Shaanxi, and Gansu.

Alongside e-commerce, rural communities are increasingly exposed to educational programs on smart device use, internet security, and data security.

With a growing abundance of digital resources, an improving digital environment, and continually rising levels of digital literacy, the light of a digital civilization is illuminating the lives of more people across China.

China builds first EV charging, battery-swapping demonstration zone

By Yin Xiaoyu, People’s Daily

China’s first smart electric vehicle (EV) charging and battery-swapping demonstration zone was completed in east China’s Jiangsu province. The zone covers nearly 500 square kilometers in the cities of Suzhou, Wuxi and Changzhou. With about 1,300 charging piles, it serves over 500,000 new energy vehicle (NEV) drivers.

Through efficient interaction among NEVs, charging and battery-swapping stations, and urban power grids, smart EV charging and battery-swapping improves the utilization efficiency of charging piles and reduces the waiting time for drivers.

While providing a convenient and efficient charging experience to users, it promotes the healthy development of the NEV market and contributes to the green and smart development of the transportation sector.

“This app can guide me to the nearest charging station that saves me the most waiting time. It also tells me the number of vacant charging piles at the station and the period when the charging fee is at the lowest,” a tourist surnamed Li told People’s Daily at a public charging station in Binhu district, Wuxi.

According to Li, she drove all the way to Wuxi from Jiangsu’s Changshu. When she arrived in Wuxi, she found her vehicle had only 30 percent of electricity left, and then she was guided to the charging station with the mobile application echargenet.

“It’s around 10 a.m., and the charging price is 1.17 yuan ($0.16) per kWh, with a service fee of 0.51 yuan per kWh. Using a 50 percent discount coupon provided by the platform for the service fee, it saves me over 10 yuan on a full charge,” Li said.

In the past, she always chose the charging station nearest to her when the battery ran low, so she had no way to know whether there were vacant charging piles. When there were many vehicles waiting to be charged, she had to look for other stations.

Yuan Xiaodong, senior technical director of the electric power research institute of State Grid Jiangsu Electric Power Co., Ltd., said that smart charging for EVs integrates and regulates distributed resources within the broader power grid. This includes data aggregation analysis for “vehicle-station-grid,” collaborative planning of network layouts, and an AI platform for operational decision-making.

Specifically, the echargenet app utilizes various algorithm models to provide optimal recommendations based on factors such as driving habits, traffic conditions, and power load on the grid. It can predict when a vehicle’s battery will drop to the charging threshold, offering users with plans that are most time-saving and economical.

If there are long lines of vehicles waiting at a charging station during a specific time period, the platform will issue discount coupons to users based on their preferences, thus guiding parts of them to nearby stations with more vacant piles and reducing the electricity load at one single station.

In Xinwu district, Wuxi, there is a vehicle to grid (V2G) interactive verification base, whose first phase functions as a solar farm, power storage station, charging station and reverse charging station. It has established a multi-energy management system to uniformly monitor and manage the operation of these systems.

Some other bases of this type are also capable of performing battery testing while the vehicles are being charged.

Liu, who has an NEV, noticed a significant decline in his car’s range. Recently, while charging his car at a charging station on Sheng’an Road in Wuxi, he was informed that battery testing could be conducted during the charging process without needing to remove the battery. Therefore, Liu opted for a quick test. About 20 minutes later, he received a report on his vehicle’s power battery.

The report indicated that the coulombic efficiency of the battery of Liu’s vehicle was at a relatively poor level of approximately 92.62 percent, while the energy efficiency was about 88.77 percent, which barely met standard. Liu was advised to visit a dealer for battery maintenance.

In long-distance driving, there is an increasingly evident need for battery swapping. As each NEV model has a different battery type, comprehensive battery swapping stations are particularly necessary.

The second phase of the V2G interactive verification base in Wuxi is currently under construction, which includes a dedicated battery swapping area. This area will feature battery storage that supports battery swapping for mainstream NEVs. When an NEV enters the swapping area, the battery storage will automatically call up the appropriate battery based on its model, and the entire swapping process will be carried out by robots, taking only about three minutes.

Furthermore, the second phase of the base is expected to include facilities such as mobile charging and testing piles, comprehensive energy stations, and 1,000 kW supercharging stations. This will create an innovative base for intelligent microgrid systems and a demonstration area for collaborative micro-energy solutions with diverse elements and scenarios.

China’s Badain Jaran Desert, witness to human-nature harmony

By Dong Siyu, People’s Daily

Tana, a 40-year-old herder, lives by a lake in the Badain Jaran Desert, north China’s Inner Mongolia autonomous region. “My family has been living here for generations and living in harmony with nature. I have a deep affection for the desert,” said Tana.

After working out of town for some time, she chose to return to the desert. Now, she and her husband raise over 20 camels and run a B&B hotel, welcoming guests from all over the country to experience the charm of the desert.

The Badain Jaran Desert is located on the Alashan Plateau and is the third largest desert and second largest drifting desert in China. It features the world’s tallest, stabilized sand dune, the highest concentration of inter-dunal lakes, the largest expanse of so-called singing sands and wind-eroded landforms.

Despite the extremely low annual precipitation, 144 lakes have been discovered in the area, with the most famous being Daghtu Lake.

“Due to its rich mineral elements and salt-loving organisms, the water of the Daghtu Lake displays different colors from spring to winter, such as light red, pink, and deep red,” said Dong Zhibao, vice president of Shaanxi Normal University, who has long been studying the Badain Jaran Desert.

With majestic towering sand dunes and colorful lakes among them, the Badain Jaran Desert showcases extraordinary natural beauty. In July this year, the Badain Jaran Desert – Towers of Sand and Lakes, was included on the World Heritage List by the United Nations Educational, Scientific and Cultural Organization (UNESCO), demonstrating to the world the unique value of lakes and sand dunes as natural heritage while also laying the foundation for further research on the formation of sand dunes and the protection of desert lakes.

After a roar of the engine subsided, Liu Weibin, an official with the Alxa Desert UNESCO Global Geopark, jumped out of an off-road vehicle and took out a handheld monitoring terminal, starting to check the patrol points on the satellite map.

The natural heritage sites are monitored by Liu and his colleagues once a month. Besides, they would also verify the changes in satellite map patches caused by human activities or natural reasons. All identified issues will be immediately reported and resolved, said Liu.

“Desert is a part of the Earth’s ecosystem and is crucial for climate regulation and biodiversity protection,” said Dong. He highlighted that the most effective way to protect natural deserts is to refrain from intervention or destruction, while striving to maintain the originality of their ecosystems.

For hundreds of years, respecting nature and protecting the environment has been the shared belief among local nomadic herders.

“Since I can remember, my family has always advised me against polluting the lakes and harming wildlife,” said Tana.

These herders have turned into a vital force in the protection of natural heritage. Some of them have been appointed as ecological rangers, responsible for daily patrols of heritage sites and instructing other herders on how to manage waste effectively, said Zhang Zhaoxin, deputy head of the forestry and desertification control bureau of Alxa Right Banner.

To strengthen the comprehensive and systematic protection of natural heritage, local authorities have started formulating management plans and regulations. They have also conducted a survey to fully understand the types, quantities, and quality of natural resources in the natural heritage sites, so as to provide data and scientific basis for the protection and management.

“Would we need to relocate if the site is listed as a World Heritage Site?” Tana once had this question.

She was soon reassured after receiving comforting words from Yu Qingzhi, an expert with the International Union for Conservation of Nature: “The local herders contribute to these natural heritage sites and are safeguarded as well. They can still maintain their traditional way of life, but they are restricted from excessive production.”

In the Badain Jaran Desert, there are dozens of herder households like Tana, primarily depending on raising camels and sheep for a living. While applying for World Heritage status, the local government held herder meetings to fully consider their opinions.

Each year from September to October, the Badain Jaran Desert experiences the highest influx of tourists. Since being recognized as a World Heritage Site, there has been a surge in the number of visitors.

“Even though the journey is quite long, seeing such magnificent sand dunes and lakes makes it all worthwhile,” said Zhang Baojuan, a tourist from north China’s Tianjin municipality.

Apart from herding, some herders even work as guides and operate B&B hotels to raise their income. “We are happy to share the beauty of our hometown with the world, and we also wish for tourists to join us in protecting the local ecological environment,” Tana said.

Fujian’s Zhangzhou sees prospering development of fishing-tourism integration

By Shi Yu, People’s Daily

“Quick, quick, quick, it’s up!” With a burst of cheers, Pu, a tourist from south China’s Guangdong province, swiftly scooped up a freshly caught onespot seaperch with a net.

Pu, along with other tourists, was enjoying a sea fishing experience on an oyster farming raft owned by Xu Meizhen, a resident of Xiaxikeng village, located in the waters off Qianlou township, Dongshan county, Zhangzhou, southeast China’s Fujian province.

“This place is near the sea and the environment is beautiful. There are so many fun activities. It’s worth every bit!” said Pu, who’s a fishing enthusiast living in Guangzhou, capital of Guangdong province.

Staying at Xu’s B&B hotel, he was taken by Xu together with other guests to join various seaside activities, including fishing, oyster harvesting, and fish net-making, to experience the lifestyle of local fishermen.

Nestled amid mountains and the sea, Xiaxikeng village boasts picturesque scenery.

“We were fully booked all summer, and business is still quite good now,” said Xu, who began running the B&B business in 2019 using her vacant rooms. In recent years, her business has been thriving. “Our village has broad sea and clear waters. Who wouldn’t love it?” she said.

However, a few years ago, the waters around Xiaxikeng village were plagued by pollution from aquaculture. “The water was murky, and a strong fishy smell lingered near the shore,” recalled Shen Haochao, deputy mayor of Qianlou township.

Only pristine water attracts tourists. Starting in 2020, Xiaxikeng village has moved the coastal aquaculture zone 800 meters further offshore and reduced the density of aquaculture activities. Besides, villagers also replaced foam buoys with plastic ones to reduce marine litter.

Embracing the change, Xu upgraded her oyster and seaweed farming facilities in 2022.

 “Gracilaria farming doesn’t require feed, and it can even fix carbon dioxide. Xiaxikeng village produces over 100,000 tons of Gracilaria annually, which earns villagers not only money but also carbon credits,” Shen explained.

According to estimation on the village’s annual carbon sequestration capacity, the village can generate a potential carbon trading volume of 946,000 yuan ($132,827). In 2023, the village sold 420,000 yuan worth of “blue carbon” credits.

“Some of the revenue from carbon credits goes toward collecting marine litter to maintain our ecological environment,” Shen said.

Thanks to the joint efforts of local officials and residents, aquaculture zoning has improved, and the marine environment has noticeably brightened. During the peak tourist season from June to October, Xu is always busy with her B&B business, while from October to May, she focuses on aquaculture.

“In the past, I could only earn money for half a year, but now I have work and income year-round,” she said, smiling.

Like Xu Meizhen, fellow villager Xu Yanfeng also offers a variety of marine experiences on his leisure fishing raft. “Visitors can enjoy over 10 activities such as speedboating, night fishing and crab trapping. Fishing on the raft and eating your catch right away is very popular,” Xu Yanfeng said.

In the past two years, Xiaxikeng village has welcomed nearly 500,000 tourists annually, generating over 20 million yuan in tourism revenue, according to Xu Guixi, the Party chief of the village.

To further enhance collaborative marine management, Qianlou township has made Xiaxikeng village a central hub, partnering with neighboring Dingshang and Yecuo villages to establish an inter-village committee, Shen Haochao told People’s Daily. Addressing environmental issues by dividing the area into distinct zones, the committee aims to further improve the marine ecological environment.

Besides, the villages have invested capital, assets, and resources in programs that integrate fishery and tourism, so as to further increase the income for villagers.