Black Market Dollar to Naira Exchange Rate Hits ₦1700 on September 28, 2024

The Dollar to Naira exchange rate in the black market, also known as the parallel market, saw a slight increase on Friday, September 27, 2024. According to sources from Bureau De Change operators in Lagos, the dollar was being bought at ₦1690 and sold at ₦1700. Despite the official rates set by the Central Bank of Nigeria (CBN), many Nigerians still rely on the parallel market for foreign exchange.

The CBN continues to encourage individuals to engage in foreign exchange transactions through their banks, as it does not recognize the black market. Official rates provided by the CBN for the same day were ₦1637 for buying and ₦1638 for selling, highlighting a noticeable gap between the official and parallel market rates.

Premier League Delays Rollout of Semi-Automated VAR Offside Technology Until 2025

The Premier League has decided to postpone the introduction of the semi-automated Video Assistant Referee (VAR) offside technology (SAOT) until 2025, citing the need for further system testing. Initially, Premier League clubs had unanimously agreed to implement SAOT ahead of the 2024-2025 season.

SAOT is designed to expedite offside checks, potentially reducing the average time for decisions by 31 seconds. The league had originally planned to introduce the technology after one of the Autumn international breaks, with October being the likely target.

However, after a Premier League shareholders’ meeting on September 26, it was confirmed that SAOT is not ready for deployment. This delay raises doubts about whether the system will be introduced during the current season, which ends in June 2025.

The semi-automated system aims to replace the manual process of drawing lines to check offsides, offering faster and more accurate decisions. It is also expected to provide enhanced visual representations of offside calls, surpassing the current method of displaying lines on broadcast feeds.

Adebayo Shittu Cautions Tinubu Against Relying on Cabinet Recommendations

Former Minister of Communications, Adebayo Shittu, has warned President Bola Tinubu to be cautious about the ministerial recommendations made by his close associates ahead of the planned cabinet reshuffle. Speaking during an interview on Channels Television’s Politics Today, Shittu emphasized that even trusted advisors may have vested interests and could push for candidates who may not perform effectively.

Shittu expressed concern that some current ministers have underperformed and suggested that Tinubu should carefully evaluate his choices, particularly since many of the new appointees may come from recommendations rather than direct personal knowledge. He urged the president to establish a comprehensive orientation for new appointees to ensure they understand and align with his priorities.

NPFL 2024-2025: Matchday 4 Fixtures and Kick-Off Times Announced

The 2024-2025 Nigeria Premier Football League (NPFL) will feature its matchday four fixtures starting Saturday, September 28. Key matchups will unfold across the country, beginning with El-Kanemi Warriors hosting Plateau United at the El-Kanemi Stadium in Maiduguri, and Ikorodu City FC facing Nasarawa United at Onikan Stadium in Lagos. Both matches are set to kick off at 3 p.m.

Ikorodu City, currently at the bottom of the league table, is desperate for a victory to secure their first three points of the season against Nasarawa United.

Following these opening matches, one additional game will take place on Saturday before seven fixtures take center stage on Sunday, September 29. Notably, the reigning NPFL champions, Enugu Rangers, will clash with the unbeaten table-toppers, Remo Stars, in Ikenne, Ogun State.

Here are the complete NPFL Matchday Four Fixtures and Kick-Off Times:

Saturday, September 28

  • Ikorodu City vs. Nasarawa United – 3 p.m.
  • El-Kanemi Warriors vs. Plateau United – 3 p.m.
  • Akwa United vs. Sunshine Stars – 5:30 p.m.

Sunday, September 29

  • Niger Tornadoes vs. Bendel Insurance – 3 p.m.
  • Rivers United vs. Enyimba – 3 p.m.
  • Bayelsa United vs. Kwara United – 4 p.m.
  • Abia Warriors vs. Kano Pillars – 4 p.m.
  • Katsina United vs. Lobi Stars – 4 p.m.
  • Remo Stars vs. Enugu Rangers – 5:30 p.m.
  • Shooting Stars vs. Heartland – 5:30 p.m.

DHQ Launches Investigation Into Bandit Sponsorship Allegations Between Matawalle and Lawal

The Defence Headquarters (DHQ) has announced the launch of an investigation into accusations of bandit sponsorship involving the Minister of State for Defence, Bello Matawalle, and Zamfara State Governor, Dauda Lawal. Both officials have openly accused each other of backing bandit groups in the region.

Matawalle recently challenged Lawal to swear by the Holy Qur’an that he is not involved in the sponsorship of bandits. In response, Lawal claimed to have reported the matter to National Security Adviser Nuhu Ribadu and said he has evidence to support his accusations.

During a press briefing, Edward Buba, Director of Defence Media Operations, confirmed that the military and other security agencies are probing the allegations. He emphasized that a formal announcement will be made once the investigation progresses, but for now, the focus remains on defeating the bandits and criminal elements across the country.

Buba stated that winning the war against banditry involves dismantling the enemy’s will to fight, and the military is committed to this objective. He assured that updates on the investigation would be shared soon.

Kwara State Reaffirms Commitment to Livestock Investment and Job Creation

Kwara State Governor AbdulRahman AbdulRazaq has emphasized his administration’s dedication to investing in key infrastructure and equipment in the livestock sector to improve the well-being of the state’s citizens. Speaking at the 3rd batch training workshop for 100 additional extension agents and farmers, the governor, represented by the Commissioner for Agriculture and Rural Development, Mrs. Oloruntoyosi Thomas, highlighted the importance of tackling the challenges facing livestock farmers, including climate change and limited access to resources.

The workshop, which focused on small ruminant production and crop residue processing, was held at the National Centre for Agricultural Mechanisation in Ifelodun and aimed at equipping farmers with skills to enhance livestock management and improve sustainability. Governor AbdulRazaq noted that the state government, through the Livestock Productivity and Resilience Support (L-PRES) Project, has designed a comprehensive initiative to support farmers and boost the sector.

At the event, the governor also unveiled new crop residue processing equipment, marking another step toward enhancing the state’s livestock capabilities. Participants were urged to use the training to help develop the state’s economy and create jobs.

“Under Tinubu, We Have Remodeled DICON for Enhanced Capacity” — Matawalle

Dr. Bello Matawalle, Nigeria’s Minister of State for Defence, has announced that the government, under the leadership of President Bola Ahmed Tinubu, has undertaken a comprehensive restructuring of the Defence Industries Corporation of Nigeria (DICON), aimed at bolstering its production capabilities. According to Matawalle, this initiative is set to save Nigeria millions of dollars previously spent on arms procurement abroad.

Speaking in an interview with Channels TV particularly on the commemoration of DICON’s 60th anniversary, Dr. Matawalle emphasized the urgent need for Nigeria to increase its local manufacturing output, particularly in the defence sector, to address the country’s growing security demands.

“For too long, Nigeria has lagged behind in advancing its local productivity, especially in the defence industry,” he remarked. “We attend security exhibitions around the world, observing the advancements of other nations, yet Nigeria has not been producing at the level required to meet our own needs. But today, under my supervision as Minister, we have initiated programs to enhance DICON’s capacity through a comprehensive remodeling.”

He further elaborated on the transformation underway at the corporation. “If you visit DICON today, you will witness a remarkable change. We now have investors who have established their plants on-site. This isn’t just for Nigeria; it’s for our neighbors as well.”

Dr. Matawalle underscored that the revitalization of DICON would greatly reduce Nigeria’s reliance on foreign suppliers, with arms, ammunition, and other military equipment now to be purchased in local currency.

“This move will also save us spendings in dollar, as purchases would be in Naira. It is as good as what NNPC is doing with Dangote Refinery. Our goal is to source all of our military hardware domestically, easing the pressure on foreign exchange reserves used for purchasing weapons

Nigeria Secures $600,000 from Gates Foundation for Flood Relief and Agricultural Reforms

The Nigerian government has successfully secured a $600,000 relief fund from the Bill and Melinda Gates Foundation aimed at addressing flood relief efforts in Borno State and enhancing health sector initiatives. Additionally, a $5 million grant has been approved for Lagos Business School and partners to bolster the agricultural economics surrounding industrial cassava production.

The announcement was made during a meeting between Vice President Kashim Shettima and Dr. Christopher Elias, head of the Foundation’s Global Development Programme, held on the sidelines of the 79th United Nations General Assembly in New York.

In his remarks, Vice President Shettima reaffirmed President Bola Tinubu’s administration’s commitment to prioritizing health, nutrition, and agricultural development. He stressed the urgency of addressing Nigeria’s pressing developmental challenges, particularly the alarming malnutrition crisis.

“We are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis,” Shettima stated, while emphasizing the government’s focus on securing locations for maize production through the Telemaze programme.

Shettima also promised prompt action regarding import permits for certified seeds, underscoring the importance of food security and the potential of the Cassava Accelerator programme for economic growth. “We are pursuing a whole-of-government approach to digitization and data exchange systems, which we believe will revolutionize our public services,” he added.

Dr. Christopher Elias expressed the Foundation’s concern over the severe flooding in Borno and reiterated its commitment to support Nigeria during crises, particularly in health sector reforms, including the fight against polio.

Rodger Voorhees, President of the Global Growth & Opportunity Division at the Gates Foundation, highlighted plans to scale up drought-tolerant maize production and further develop the Nigeria Cassava Investment Accelerator programme, noting that industrial cassava presents a multi-billion-dollar opportunity for the nation. He also requested import permits for 5,000 metric tons of certified maize seed to establish a foundation seed system in Nigeria.

Minister Affirms President Tinubu’s Commitment to Youth Welfare with Increased Allowance

The Minister of Youth Development, Jamila Bio Ibrahim, has emphasized that the recent increase in the monthly allowance for corps members is in line with President Bola Tinubu’s commitment to enhancing the welfare of Nigerian youths. The allowance for members of the National Youth Service Corps (NYSC) has been raised from ₦33,000 to ₦77,000, effective July 2024.

In her statement, Ibrahim highlighted that this decision reflects the government’s dedication to improving youth welfare. She noted, “The President’s vision for Nigerian youth has always been clear—he supports any initiative that improves their welfare and prospects. This allowance increase is a direct reflection of that commitment, and the Ministry is pleased that this has become a reality.”

The Minister further explained that this increase is not only a response to current economic challenges but also part of a broader strategy to enhance the service conditions for youth, enabling them to contribute effectively to national development. Ibrahim assured that this initiative is just one of many efforts the Ministry of Youth Development will pursue to better the lives of young Nigerians.

Niger Delta Women Reject Planned October 1 Protest Against Tinubu

Women from various local government areas in the Niger Delta gathered in Warri to express their opposition to the planned protest against President Bola Ahmed Tinubu’s administration on October 1. The event, organized by the Presidential Amnesty Programme (PAP) and themed “Niger Delta Women: Empowerment as a Panacea for Peace, Stability, and Economic Growth,” served as a platform for the women to voice their concerns.

In a resolution, the women, representing diverse ethnic groups in the oil-rich region, urged their children and wards to refrain from participating in the upcoming protests. They called on their fellow citizens to allow Tinubu’s administration the opportunity to tackle the numerous challenges facing the nation.

The women expressed gratitude for President Tinubu’s initiatives aimed at supporting women and youth in the region, stating, “When you appoint the right people to the right positions, positive results will follow.” Prominent leader Madam Beauty Warejuowei emphasized the importance of women in the Niger Delta to “stand firm and make the best use of the opportunities provided by the authorities.”

PAP administrator Dr. Dennis Otuaro commended the women for their support of the current administration and acknowledged their vital role in maintaining peace in the region.