In a move to stablise the Naira, the Central Bank of Nigeria(CBN), has revealed that it recently sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market (NFEM) The apex bank’s acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, said in a statement that the transactions were conducted between Monday and Tuesday to provide liquidity to the FX market. According to Sidi-Ali, the CBN sold FX to 29 authorised dealer banks at exchange rates between N1,470 to a dollar and N1,510 to one dollar. She reiterated the commitment of Yemi Cardoso, the CBN Governor…
Author: Abimbola Ogunaike
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The Lagos State Government has unveiled the Eko Flavours project, a transformative platform to showcase the state as the melting point of Nigeria as well as the culinary prowess of youths and local market vendors in the State. The Eko Flavours was unveiled during a press conference by the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abiola Olusanya, on Friday, 26 July, 2024, at the Fresh Food Hub at Idi Oro in the Mushin area of the State. Olusanya said the Eko Flavours project, which is in partnership with the private sector, was introduced to drive efforts to…
The 2024 edition of the National Diaspora Merit Award ceremony has been held in Abuja with a call on Nigerians in Diaspora to help drive innovation, share knowledge, and improve human capacity in the country for accelerated development of the country. The call came from the First Lady of Nigeria, Senator Oluremi Tinubu who was the Special Guest of Honour at the event. The First Lady who noted the remarkable feats being achieved by Nigerians in Diaspora, urged the Commission not to limit its achievements to the Diaspora alone. “The Government cannot do it alone. As we look forward to…
Godwin Dudu-Orumen, one of Nigeria’s foremost sports administrators is in celebration mood as Sportshaq Nigeria’s first sports bar and viewing centre, hits three decades. Dudu-Orumen, the pioneer Chairman of Edo State Sports Commission(ESSC), who is the Founder and Chief Executive Officer(CEO) of Sportshaq, said in a statement signed on his behalf by Nnamdi Okosieme, his Special Adviser on Media and Communication, that the 30th anniversary of the company is worth celebrating given its contribution to birthing a thriving culture of sports bars and viewing centres across the country. “It has been a worthwhile experience”, says, the irrepressible sports administrator known…
The Executive Secretary of the National Lottery Trust Fund (NLTF), Tosin Adeyanju, has appealed to Nigerian youths to refrain from the planned nationwide protests, assuring that the Tinubu administration is committed to making the country great, reports thegazellenews.com Adeyanju made this statement during a courtesy visit to the Minister of Information, Mohammed Idris Malagi in Abuja. Adeyanju, who spoke passionately about his experience as a former student and youth leader, urged the youths to give President Tinubu’s administration time to implement its policies, emphasizing that the president means well for Nigeria. “I have been at the barricade before, and I…
Over 60,000 youths under the umbrella of the Arewa Integrity Group for Good Governance in the North Central region of the country have opted out of the planned nationwide protest slated for 1 August to 10 August, 2024. Recall that the Federal Government held a series of meetings with several youth groups to shelve the protests and give President Bola Tinubu’s administration more time to execute people-oriented programmes. In a statement made available to journalists in Lafia, the Nasarawa State capital, on Friday, 26 July, 2024, the group’s leader, Joseph Maiwada, said they decided to withdraw from the protest to…
Nigerian parents have been called upon to appeal to their wards to desist from participating in any activities that may risk their lives or the lives of others. Director General of the Nigerian Technical Aid Corps, Rt. Hon. Yusuf Buba Yakub, who made the call, Friday, in Abuja during an interactive session with newsmen, described the planned nationwide protest as an ill-wind that blows no good. He expressed confidence in President Tinubu’s ability to address the current challenges being faced by Nigerians,while also stressing that most of what Nigerians may be considering internal challenges at the moment are actually fallouts…
The General Manager, Radio Lagos/Eko FM, Olajide Lawal has stated that its flagship Station, Radio Lagos remains committed to spreading joy and entertainment to the grassroots through its annual Amititi Day celebration which comes up on Sunday, 28th July, 2024. Lawal, who made this known in his Alausa office, explained that the Amitit Day celebration is a spectacular musical concert which boasts of a wide array of the biggest stars in the traditional musical genre. The General Manager disclosed that this annual celebration is the Station’s way of giving back to the community while showcasing its commitment to corporate social…
The Rector of Yaba College of Technology (YABATECH), Dr Ibraheem Adedotun Abdul has emphasised the transformative power of partnerships between academic institutions and industries. Speaking at the inaugural graduation of the “Telecom Access Foundation Programme,” at the Skillfort training hub which saw 28 students graduating with certifications in RF & Microwave Technology, Fiber Optics Solutions, Network Optimization, Renewable Energy Solutions, and Quality Environmental Health and Safety, Dr. Abdul highlighted how these alliances are crucial in producing graduates who are ready to meet industry demands. “YABATECH is bridging the gap between academia and industry,” Dr. Abdul declared. “The gown is going…
Ogun State Government has concluded plan to introduce electric bikes as part of the energy transition initiative of the Governor Dapo Abiodun-led administration. The launching, billed for Wednesday, 31 July, 2024, is the second phase of the administration’s e-mobility programme, following the launch of CNG- powered buses last year. Governor Abiodun, speaking during a meeting with the Minister of Transportation, Senator Sa’idu Ahmed Alkali, in Abuja on Thursday, described the planned introduction as a significant step towards sustainable transportation solutions in the state. Prince Abiodun also said that the introduction will further bring down transport fares across the state, noting…