Senate Summons CBN Governor Over Naira’s Decline.
By Dosu Deborah Oluwatimilehin (SIWES student, Adeseun Ogundoyin Polytechnic Eruwa) The Senate Committee on Banking, Insurance, and Other Financial Institutions, convened an emergency session to address the persistent decline of the Naira against the U.S. Dollar. The Committee, chaired by Senator Aetokunbo Abiru, expressed deep concerns over the economic repercussions of the Naira’s depreciation, including […]
Governor Of Oyo State Signs Executive Order On Control And Storage Of Harmful Substances Into Law.
By Iyobhebhe Gift Osareme (IT Student, Ambrose Ali University) Governor Seyi Makinde of Oyo State officially signed an executive order on January 29, 2024, mandating the control and safe storage of harmful substances, turning it into law. This decision comes in response to the devastating explosion that occurred in Bodija, Ibadan, claiming lives and causing […]
Police Commission Greenlights Appointment And Posting Of 10 State Commands CP’s.
By Omotosho Victor Fiyinfoluwa( SIWES student, Federal Polytechnic Ado-Ekiti) The Police Service Commission (PSC) has sanctioned the appointment and deployment of Commissioners of Police to ten State Commands across the nation. This development follows the elevation of 14 Deputy Commissioners of Police to the substantive rank of Commissioners. The newly appointed State Commissioners of Police […]
Customs Revenue Shortfall In 2023: Factors And Implications.
By Omotosho Victor Fiyinfoluwa (SIWES student, Federal Polytechnic Ado-Ekiti) The Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, attributed the revenue shortfall in 2023 to various factors including the impending general elections, cash constraints, the Naira redesign policy, and other related uncertainties. During an interactive session with the House of Representatives Committee on […]
Minister Unveils Over N2 Trillion Debt From Mining Industry To Federal Government.
By Hungah Peter (SIWES student, Federal Polytechnic Ilaro) Dele Alake, the Minister of Solid Minerals Development, revealed that the mining sector owes the Federal Government more than N2 trillion. He emphasized the current administration’s commitment, under President Bola Tinubu, to curbing illegal mining activities nationwide. During a meeting with Licensed Minerals Holders and Laterite/Sand Operators […]
Olanipekun Recounts Near Altercation With Obasanjo Over Constitution Amendment Advocacy.
By Hungah Peter (SIWES student, Federal Polytechnic Ilaro) During his convocation lecture at Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Chief Wole Olanipekun (SAN), former President of the Nigerian Bar Association, shared a startling anecdote. He revealed a close call with former President Olusegun Obasanjo, who almost came to blows with him for proposing the amendment […]
Bureau De Change Operators In Abuja Cease Operations Amid Dollar Shortage.
By Hungah Peter, Siwes student, Federal Polytechnic, Ilaro According to a report by the Daily Trust, Bureau De Change operators in Abuja have decided to halt their operations due to a scarcity of dollars. The announcement was made by the association’s Chairman, Abdulahi Dauran, on Wednesday. The Nigerian naira hit its lowest value ever against […]
AFCON 2023:Nigeria Favored To Win Nations Cup, According To Opta.
By Omotosho Victor Fiyinfoluwa( SIWES student, Federal Polytechnic Ado-Ekiti) As AFCON 2023 progresses in Cote d’Ivoire, Nigeria emerges as the frontrunner following the elimination of Senegal and Morocco. The Opta supercomputer predicts Nigeria with a 28.8% chance of claiming the trophy, setting the stage for an anticipated quarterfinal clash against Angola on Friday. The Super […]
Sri Lanka Grapples With Price Surge Following Tax Hikes For IMF Rescue.
By Omotosho Victor Fiyinfoluwa(SIWES student, Federal Polytechnic Ado-Ekiti) Official data revealed a more than six percent surge in prices in Sri Lanka last month, spurred by tax increases aligned with IMF conditions to secure a $2.9 billion bailout loan. The Central Bank of Sri Lanka reported Thursday that the 6.4 percent spike exceeded December’s 4.0 […]
Akwa Ibom Government Urges Caution Amidst Fire Outbreaks:A Call Against Bush Burning.
By Omotosho Victor Fiyinfoluwa (SIWES student, Federal Polytechnic Ado-Ekiti) The Akwa Ibom state government is cautioning residents, especially farmers, against the practice of bush burning to mitigate preventable fire outbreaks. Dr. Offiong Offor, the Commissioner for Agriculture Rural Development, emphasized this message during a news conference in Uyo on Wednesday, highlighting the risks associated with […]