The Central Bank of Nigeria (CBN) on Thursday commenced a two-day public sensitasation on its newly launched digital currency, also known as eNaira and other initiatives in Abia. The CBN Director, Corporate Communications, Osita Nwanisobi said the sensitation fair was to engage the public and enlighten them on the eNaira and other monetary polices of the apex bank. The programme which was jointly held virtually in Abia and Ebonyi, had participants across different sectors of the economy. He also said that the programme was to create awareness on various interventions of the CBN and how the people could access them.…
Author: Abdallah el-Kurebe
Eight of the 24 members of Plateau state House of Assembly have impeached the Speaker, Abok Ayuba. The members in the unusual sitting on Thursday morning and presided by the Deputy Speaker, Saleh Yipmong also elected Yakubu Sanda (APC-Pengana) as the new speaker. The eight members gained access to the House as early as 6 a.m to execute their plan. They operated under the heavy presence of armed security personnel. The lawmakers attempted to impeached the speaker on Wednesday night, but could not succeed and returned on Thursday morning. Mr Nanbol Daniel (PDP-Langtang North Central) had said that the impeachment…
*Ozekhome SAN wonders what’s frightening the governing elite that they are refusing or delaying on the constitution *Prof Odinkalu calls for a document that will bring about restructuring of minds *Ann Kio-Briggs, says no reason to still keep the document as a constitution *I strongly believe that the country needs a new and popular constitution prepared by the accredited representatives of the people” – Falana, SAN Nigerian revered lawyers have questioned the legitimacy of the Nigerian constitution, especially with the apparent flaws and consequent inability to take the Nigerian people to their desired destination. Some of the lawyers, including Aminu…
The federal government has called on developed countries to redeem their $100 billion pledge, made to support developing countries on climate action. The. Minister of State, Environment, Chief Sharon Ikeazor, made the call on Wednesday, in Abuja, at a news briefing on COP26 preparation, scheduled for October 31 to November 12, in Glasgow. She mentioned important issues to be discussed at the COP26 as mobilising finance, scaling up adaptation, how to deal with the damaged on economic and non-economic caused by climate impact, among others. ”We require the developed countries to honour the word given made back in 2009 of…
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has called on African governments and delegates to COP26 holding in Glasgow, Scotland to be resolute in demanding for climate change liability and payments for carbon debts by rich countries. This is contained in a press statement made available to newsmen on Wednesday. According to ERA/FoEN, in the recent times, rich countries have shown some appreciable effort to address climate change with a few countries such as the USA, Germany and the United Kingdom taking the lead in renewed pledges to the UNFCCC climate fund to address mitigation and adaptation measures…
The Federal Executive Council (FEC) has approved the reconstruction of 21 roads covering a total distance of 1,804.6 kilometres across the six geo-political zones. These projects are to be undertaken by the Nigerian National Petroleum Corporation (NNPC) through the deployment of its own tax liabilities. Minister of Works and Housing, Babatunde Fashola, announced the approval on Wednesday while briefing State House correspondents at the end of the FEC meeting held in Abuja. In July, FEC approved the award of a contract to Dangote Industries for the construction of five roads totalling 274.9 kilometres at the cost of N309.9 billion, advanced…
A High-Level meeting of the OPEC-GECF Energy Dialogue has underscored the importance of crude oil and natural gas to the global economy and in meeting current and future energy demands. This was made known in a joint communique issued on Wednesday at the end of the second high-level energy dialogue of the Organisation of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) (OPEC-GECF) via videoconference. The meeting was co-chaired by Yury Sentyurin, GECF Secretary-General, and Mohammad Barkindo, OPEC’s Secretary-General. The communique emphasised that both commodities would account for around half of the total global energy mix…
… Deploys staff for constable exam nationwide The Police Service Commission, PSC, says will ensure that the integrity of the aptitude tests of candidates for recruitment into the constable cadre of the Nigeria Police Force. The examination which holds on Friday and Saturday 30th, according to a statement by the commission’s spokesperson, Ikechukwu Ani on Wednesday, must be sustained and that it will not hesitate to discipline any staff of the commission or serving Police officer found compromising the exercise. Addressing the Staff of the Commission, during a one-day orientation programme in Abuja on Wednesday, the Permanent Secretary and Secretary…
The Chairman of FBN Holdings (FBNH), Mr Tunde Hassan-Odukale has been confirmed as the largest single shareholder of the company. This was stated in a letter published on the website of the Nigerian Exchange Ltd (NGX) on Wednesday. The letter signed by FBNH’s Company Secretary, Mr Seye Kosoko, said Hassan-Odukale was the single-largest shareholder and not Mr Femi Otedola. This new development is contrary to claims that the recent stakes of Otedola and his nominee, Calvados Global Services Ltd. constituted the largest single stake in the bank. An analysis of the letter showed that Hassan-Odukale acquired the bulk of his…
Releaf, an agtech startup that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable, has partnered with the International Institute of Tropical Agriculture to improve growth and sustainability in oil palm production in Nigeria and across Africa. A statement by Releaf on Wednesday, the partnership will enable the startup and the award-winning research-for-development organisation to explore ways to increase oil palm yields, deploy the best intercropping mechanisms, and work with fabrication and mechanisation experts to foster further innovation and development in Nigeria’s smallholder-driven oil palm sector. Despite having 80 percent of market…