The naira continued its recovery against the American dollar on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N6 to trade at N1,601/$1, down from N1,607/$1 it traded on Monday.
The intra-day high and low recorded during the day were N1,623/$1 and N1,560/$1 respectively, representing a very lean spread of N63$1.
The naira shed N2 against the dollar at the parallel section of the forex market to trade N1,607/$1 as against previous N1,605/$1.
The naira however gained N10 against the British Pound to trade N2,090£1 as against the previous N2,100£1.
The Canadian dollar continues to close flat against the naira to trade N1,200| CA$1.
The naira gained N10 against the Euro to trade ₦1,740/€1 as against the previous ₦1,750/€1.
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Naira trades N1, 601/$1 at official window
MNJTF charges EU, AU to sustain support for fight against terrorism
The Executive Secretary of the Lake Chad Basin Commission, LCBC, and Head of Mission for the Multi-National Joint Task Force, MNJTF, Ambassador Mamman Nuhu, has called on the European Union, EU, African Union, AU, and other strategic partners to maintain their steadfast support in eradicating Boko Haram terrorism from the Lake Chad Basin region.
Lt. Col. Olaniyi Osoba, Chief Military Information Officer, HQ MNJTF, N’djamena, Chad, said in a statement on Tuesday, that the appeal was made during the opening ceremony of the 14th Joint Steering Committee Meeting held on August 6, 2024, at the Radisson Hotel in N’Djamena, Chad.
According to the statement, Ambassador Nuhu highlighted the importance of sustained collaborative efforts to eliminate Boko Haram and mitigate its impacts in the region.
He acknowledged the significant sacrifices made by the troop-contributing countries, TCCs, and the unwavering support from strategic partners, which have been crucial in achieving a safer environment conducive to peace and development in the Lake Chad Basin.
AU’s Director of Conflict Management, Dr Sarjoh Bah, expressed gratitude to the EU and other strategic partners’ support in combating terrorism in the region. He pointed out that the successful completion of Operation Lake Sanity II demonstrated the commitment and sacrifices of the MNJTF TCCs in defeating Boko Haram and restoring peace and stability.
“Dr Bah reiterated the AU’s commitment to enhancing the MNJTF’s capacity to conduct its operations in accordance with the AU Compliance and Accountability Framework, ensuring adherence to international humanitarian law, human rights law, and the highest standards of conduct and discipline,” the statement said.
Earlier, the commander of MNJTF, Major General Ibrahim Ali, emphasised the importance of shared commitment to advancing peace and stability in the Lake Chad region.
He noted that the meeting provides a crucial platform for coordinating collective efforts and sharing insights in line with the Support Implementation Agreement between AU, LCBC, and MNJTF TCCs.
He affirmed that the support from the AU and its strategic partners has significantly contributed to fulfilling MNJTF’s mandate of restoring peace and development in the region.
“The first day of the meeting included updates on the general situation in the MNJTF area of operation, briefings on direct and additional support, an AU briefing on the status of additional support to the MNJTF, a review of the Joint Steering Committee’s terms of reference, and a briefing on compliance and accountability for MNJTF operations,” Maj. Gen. Ali stated, according to the statement.
MNJTF charges EU, AU to sustain support for fight against terrorism
Kaduna: Governor Sani urges residents to comply with 24-hour curfew
Kaduna State Governor Uba Sani said on Tuesday that the government will continue to monitor the security situation while working with security agencies to maintain the safety of lives and properties.
TVN recalls that the state government imposed a 24-hour curfew in Zaria and Kaduna on Monday afternoon, sensing that criminals have started looting the shops and destroying other valuables.
Governor Sani, who wrote on his verified Facebook page on Tuesday, said he went round the two cities with heads of security agencies and government officials to assess the level of damage. He urged residents to always comply with the 24-hour curfew.
“Today, together with heads of security agencies and top government officials, I went round Kaduna metropolis to assess the level of compliance with the 24-hour curfew and to carry out on-the-spot assessment of the damage done to private and public properties as well as looting by criminal elements during the last protest.
“We feel the pain of our citizens at this difficult moment but I urge them to continue to comply fully with the curfew. We shall continue to monitor the security situation while working with security agencies to maintain the safety of lives and properties,” he said.
Kaduna: Governor Sani urges residents to comply with 24-hour curfew
Niger mine collapse: Victims, families to get N50m
The Niger State Government has set up a 13-man relief committee saddled with responsibility for the disbursement of N50 million to the families of victims of the mine pit collapse at Galadima Kogo in Shiroro Local Government Area of the state.
Inaugurating the committee, the Secretary to the Niger State Government, Abubakar Usman Gurara, said Governor Mọhammed Umar Bago has approved the release of N50 million for the families of victims.
According to him: “The N50 million earmarked for the disbursement has already been deposited in a designated bank account, waiting for the committee members to come up with a template or modalities for such payment to the beneficiaries.”
He explained that the terms of reference of the committee include identifying the victims who died, their next of kin, those who were wounded, as well as those who provided rescue operations for compensation for rendering humanitarian services during the incident.
” The committee is expected to also determine the mode of payment and any other additional information. They are expected to submit their report to the Niger State Government at the end of this all-important assignment,” Gurara said.
He also insisted that the ban on illegal mining throughout the state is still in force.
“Governor Mohammed Umar Bago has directed relevant ministries to profile the miners for easy identification before giving the go-ahead to continue,” he disclosed.
The chairman of the committee and Permanent Secretary General Services, Abubakar Sadik Idris, assured in his acceptance speech that probity and accountability will remain the watchwords of members as they discharge their duties.
Meanwhile, the district head of Galadima Kogo, Umar Aliyu, disclosed in his remarks that a total of 14 persons died, with 10 bodies recovered, eight persons rescued and several others injured.
The committee is expected to submit its report within three weeks to the state government.
Niger mine collapse: Victims, families to get N50m
Ofili finishes 6th as US Thomas wins women’s 200m gold
Nigerian athlete, Favour Ofili, on Tuesday, finished sixth in the final of the women’s 200 metres at the 2024 Paris Olympics taking place in France.
The 21-year-old finished dipped 22.24 seconds to finish 6th behind Gabrielle Thomas of the United States, who took the title after clocking 21.83 seconds.
While Saint Lucia’s Julien Alfred took the silver medal with 22.08 seconds, and USA’s Brittany Brown completed the podium.
Great Britain’s Dina Asher-Smith and Daryll Neita finished in fourth and fifth, respectively.
Ofili had qualified for the final with the third-best time overall in the semi-finals, but she was out-of-depth against her fellow finalists.
She became the first Nigerian to compete in the event’s final at the games since Mary Onyali did so in Atlanta ’96.
But Ofili was outraced in the showdown. Although she was off the block sharply after the gun, she faded as the race proceeded into the final 100m.
Her focus will now shift to the women’s 4×100 relay, billed to commence on Thursday.
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Ndume: He’ll be reinstated as Senate Chief Whip – Ganduje
The National Chairman of the ruling All Progressives Congress, Abdullahi Umar Ganduje, said on Tuesday that the party will write to the Senate for reinstatement of Senator Ali Ndume as Chief Whip following his apology to the party.
Ganduje stated this in Abuja after a closed-door meeting with the controversial lawmaker over his latest vituperations against President Bola Tinubu that led to his removal by the Senate two weeks ago.
Ndume represents Borno South senatorial district and is a ranking member of the Senate, but found himself in stormy waters over his heavy criticism of President Tinubu’s policies.
A letter written to the Senate for the removal of Ndume as Chief Whip was signed by the National Chairman and National Secretary of the party which was read on the floor of the Senate by the Senate President, Godswill Akpabio and Ndume was accordingly removed through voice vote.
Meanwhile, the development on Tuesday indicated the party’s resolve to allow Ndume to have a sigh of relief since he has apologised to the party, according to Ganduje.
Ganduje said: “We are quite satisfied with his apology. Like he said, we invited him and you know the party is the father of everybody.
“As a party, we are free to invite legislators, we are free to invite members of the executive, and we are even free to invite all the appointed party members in the government, so that is why we decided to come,” the former Kano State governor said.
Ganduje said the crisis Ndume was involved in is a family issue; hence, the party is going to write to the National Assembly to reinstate him.
“It is a family issue; we need to resolve it and we are writing to the National Assembly conveying what has transpired between Senator Ndume and the party, you know he apologised to the party and we will convey the same issue to the National Assembly, with the hope they can review their position.”
Ndume: He’ll be reinstated as Senate Chief Whip – Ganduje
Nassarawa ready to pay N70,000 minimum wage
The Nassarawa State Governor, Abdullahi Sule, has stated that it is ready to pay the new N70,000 minimum wage to civil servants in the state.
The Senior Special Assistant to Gov. Abdullahi Sule on Public Affairs, Mr Peter Ahemba, stated this on Tuesday in Lafia when visited the office of the Correspondents’ Chapel, Nasarawa State.
He said that the payment of the new minimum wage to civil servants would not only improve their welfare but would also boost their productivity.
The issue of N70,000 minimum wage is no longer news. President Ahmed Bola Tinubu had approved the payment of the said amount to workers.
“Gov. Abdullahi Sule administration is also ready to pay the N70,000 to civil servants in the state.
“The governor had made it clear that he is willing to pay the new minimum wage to civil servants in the state,” he said.
On the nationwide protest, the governor’s aide appealed to the people to end the protest and toe the path of dialogues peace giving the fact that some of their grievances were already being addressed by the government.
“The constitution has provided for citizens to exercise their feelings through peaceful protests. However, the government will not allow any form of criminality – looting of property in the guise of protest,” he said.
Ahemba noted that there was no massive protest in Nasarawa State as a result of Gov. Sule’s laudable policies and programmes geared towards addressing the hardship being faced by the people of the state.
He emphasised that dialogue remained the best means of resolving grievances not protest.
The SSA also said that Sule’s administration would continue to support efforts at provision of adequate power supply in the state in order to boost its industrialisation drive as well as socio-economic activities of the people.
He said that the state government had made giant strides in the development of infrastructure, adding that the ongoing construction of flyover and underpass in Lafia would ease traffic congestion in the metropolis and add to the aesthetics of the state capital.
NAN
Tinubu appoints new DG NAPTIP, six others
President Bola Tinubu has approved the appointment of seven persons to head strategic agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.
This was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale on Tuesday evening.
The statement was titled, “President Bola Tinubu appoints new heads of agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.”
The appointments include the naming of Lami Bello as the new Director-General, National Agency for the Prohibition of Trafficking in Persons.
Ngelale stated that the appointments were aimed to “facilitate the needed relief to Nigerians and ensure the effectiveness of humanitarian and social development programmes, President Bola Tinubu has approved the appointment of seven qualified Nigerians to head strategic agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.”
See the list of the new appointees and their offices below:
Chief Executive Officer, National Social Investment Programme Agency- Badamasi Lawal.
Programme Manager, National Social Safety-Net Coordinating Office- Funmilola Olotu.
Programme Manager, Grant for Vulnerable Groups- Aishat Alubankudi.
Programme Manager, Home Grown School Feeding- Princess Aderemi Adebowale.
Programme Manager, National Cash Transfer Office- Abdullahi Alhassan Imam.
Executive Secretary, National Commission for People with Disabilities- Ayuba Gufwan.
Director General, National Agency for the Prohibition of Trafficking in Persons- Lami Binta Adamu Bello.
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I’m happy he has apologised – Bwala commends Ndume
Daniel Bwala, a former spokesman of the 2023 Peoples Democratic Party presidential candidate, Atiku Abubakar, on Tuesday reacted to the apologies issued by former Senate Chief Whip Ali Ndume.
Bwala said the recalcitrant Ndume has apologised to President Bola Tinubu.
A few weeks ago, the Borno South Senator had accused Tinubu of shutting his doors to ministers and lawmakers amid the hunger and hardship in the country.
Ndume also claimed that Tinubu’s administration was made up of kleptomaniacs.
Aggrieved by his criticisms against Tinubu, the Senate had Ndume of the Chief Whip position.
But, Ndume apologised to the president after a meeting with the All Progressives Congress, APC, National Working Committee led by Abdullahi Adamu.
Reacting, Bwala posted on X: “I am happy the recalcitrant Senator has apologized to the party and by extension to the President for unruly conduct. That justifies my position in calling him out in the first place. Now that is behind us, we move.”
I’m happy he has apologised – Bwala commends Ndume
CBN approves Unity, Providus Banks merger
The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and the Providus Bank Limited.
The CBN’s acting Director of Corporate Communications, Hakama Sidi-Ali, disclosed this in a statement on Tuesday in Abuja.
The statement read: “The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders.
“It is unequivocal to state that the CBN’s action is under the provisions of Section 42 (2) of the CBN Act, 2007. This arrangement is crucial for the financial health and operational stability of the post-merger organisation.
“It is important to emphasise that no Nigerian bank currently faces a precarious situation comparable to that of Heritage Bank, which was recently liquidated.”
The CBN reaffirmed its commitment to depositors’ interests by ensuring the smooth functioning of the banking sector through proactive measures and strategic interventions.
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