US Dollar vs Nigeria Naira: The Real Issues

By Dr Oni Gbolabo 1. Appreciation and depreciation of currency is not related to race or color or who is the president be it Hausa Igbo or Yoruba. It is basically about production of goods and services and the demand of your products in the world market. A confused country that produces almost nothing will never meet up, policies only control your currency not the value of another countries currency against yours. 2. A country where over 500 industries died within 30 years must be stupid to complain of depreciation…

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AMCON Wins At FICAN 30th Anniversary & Awards

L— R: Mr Jude Chiedozie Nwauzor, Head, Corporate Communications Department, Asset Management Corporation of Nigeria (AMCON) who represented the Managing Director/CEO, Mr Ahmed Lawan Kuru, at the 30th Anniversary Conference & Awards organised by Finance Correspondents Association of Nigeria (FICAN), receiving the award won by AMCON from Mr Osita Nwasinobi, the Ag. Director, Corporate Communications, Central Bank of Nigeria (CBN) while Mr Chima Titus Nwokoji, FICAN National Chairman watches at the event, which held in Lagos…at the weekend

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More Nigerian Banks Set To Publish Lists Of Forex Defaulters

From what we hear from the financial marketplace more banks in Nigeria will publish names and account details of customers who purchased cheap forex from the banks for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA) but did not embark on their foreign trips. Sources from some of the banks, who spoke to our correspondent, said this after the United Bank for Africa published the names of some individuals who benefited from the PTA but did not use it for the purpose they applied for. The account numbers and…

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SHOCKING: Oleksandr Usyk Defeats Anthony Joshua, Becomes Heavyweight Champion

Finally, finally, Anthony Joshua’s reign as world heavyweight champion has ended in London on Saturday after he was defeated by Oleksandr Usyk. Oleksandr Usyk was also crowned as the new unified world heavyweight champion after a unanimous decision win over Anthony Joshua with scores of 117-112, 116-112, 115-113. With that massive win, Usyk also became the third boxer after Evander Holyfield and David Haye to win world titles at cruiserweight and heavyweight. However, there is a rematch clause, with Joshua – who has now won 24 and lost two of…

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NARD Votes To Continue Ongoing Strike Until FG Meets Their Demands

Members of the striking National Association Resident Doctors (NARD) resident doctors in the country have resolved to sustain their ongoing industrial action until their demands are met by the federal government of President Muhammadu Buhari and his All Progressive Congress (APC) ruling party. The strike by members of NARD has entered its seventh week, with their parent body, the Nigerian Medical Association (NMA), also threatening to embark on solidarity strike if the dispute is not resolved by next weekend. The resident doctors are demanding payment of arrears of salaries of…

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Government Of United Kingdom Denies Rejecting COVID-19 Vaccines Administered In Nigeria

Catriona Laing, the British High Commissioner to Nigeria, at the weekend debunked statements suggesting that the coronavirus (COVID-19) vaccines administered in Nigeria were not approved by the United Kingdom (UK). Laing explained that the claim was “completely untrue” and should be disregarded by the Nigerian public. According to her, the government of UK has also moved Nigeria to the “rest of the world” travel list about the travel rule billed to take effect from October 4, 2021. In a statement yesterday, Laing said the UK approves of vaccines currently in…

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Again, Fuel Crisis Looms As NUPENG Begins Strike October 8

Petroleum tanker drivers’ arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to embark on an industrial action from October 8, 2021, should the Federal Government fail to address all the contentious issues confronting the union. It has also directed all the tanker drivers to commence a work-to-rule action from Monday. The union in a communiqué signed by the chairman of the Petroleum Tanker Drivers branch, Salmon Akanni Oladiti, after its executive meeting in Enugu yesterday, listed three actions which bordered on the safety of…

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Catholic Bishops Rubbish Buhari’s Government Over Lip Service Over Insecurity

The law enforcement agencies must do all that is necessary to tackle national insecurity and restore lasting peace in the country, the Catholic Archbishops of Abuja have said. In a communique issued on Saturday in Abuja after a two-day General Assembly, the bishops condemned in totality the violence and relentless attacks by insurgents, bandits, kidnappers across the country with President Muhammadu Buhari doing little or nothing. The bishops were of the view that the root causes of these crises and criminal acts are not unknown to the authorities. But they…

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