News

Naira drops N6 to N1,609/$1 on official exchanges

The naira fell again against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N6 to close the week at N1,609/$1, up from the N1,603/$1 it traded at on Thursday. The intraday high and low prices recorded during the day were N1,615/$1 and N1,476/$1 respectively, indicating a slim …

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Cross River Assembly approves 2024 supplementary budget of N437.8 billion

The Cross River State House of Assembly on Friday passed the 2024 supplementary budget of N437.876 billion. In the budget, an amount of N151.684 billion was allocated for personnel costs, N283.333 billion for capital expenditure, and N2.857 billion was approved for official expenditure. Governor Bassey Otu presented the Supplementary Budget Bill to the Assembly on July 18. In his remarks …

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Police Chief orders #EndBadGovernance protesters to hand over names and contact details to police

Inspector-General of Police, Kayode Egbetokun, on Friday asked individuals behind the #EndBadGovernance protests in the country to submit their details to the Police authorities. Egbetokun, who spoke to journalists in Abuja, asked all groups planning to participate in the protest to provide their names and contact details to the commissioners of police in their respective states. He said the action …

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23 electrical workers died in Q1 2024 – NERC

The Nigerian Electricity Regulatory Commission (NERC) has revealed that 23 electricity workers died in the line of duty in the first quarter of this year in the country. The commission revealed this in its latest report given to journalists on Friday. He added that 23 workers died while 31 others were injured in 55 accidents during the period. The report …

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New York prosecutors say evidence in Trump trial was “overwhelming” and conviction should stand

  Manhattan prosecutors say there is no basis to overturn Donald Trump’s conviction in the silence case after the Supreme Court’s ruling on presidential immunity. Any errors, they argued in a document filed Thursday, are “harmless” when compared to the “overwhelming evidence” of the former president’s guilt. Trump’s lawyers have argued that his conviction on 34 counts of falsifying business …

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Police deploy 4,200 personnel ahead of FCT hunger protests

In a bid to prevent potential outbreak of violence during the proposed nationwide protests, the Federal Capital Territory police command has deployed a total of 4,200 policemen across the nation’s capital. The command also announced the deployment of explosives experts at various strategic locations. This was revealed in a statement on Friday by the command’s spokesperson, Josephine Adeh, who added …

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RipplesMetrics: The economic reality of Nigeria’s new N70,000 minimum wage

Following a meeting between President Bola Tinubu and the leadership of the Nigeria Labour Congress, the federal government agreed with unions to raise Nigeria’s minimum wage to N70,000. This is a 133 percent increase from the N30,000 that has been in operation since 2018. The President also promised to come up with a plan to help the private sector and …

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Lagos govt denies involvement in Oro Festival amid #EndBadGovernance protest plans

The Lagos State Government has denied any involvement in rumours regarding the Oro festival scheduled for August 1-15, 2024, coinciding with the planned #EndBadGovernance protests. Press Secretary to Governor Babajide Sanwo-Olu, Gboyega Akosile, stated this during interview with PUNCHon Thursday. He noted that the government does not interfere in religious activities, including traditional worship. Akosile drew parallels with Muslim and …

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Deputy Governor Edo Shaibu opens up about the real reason for his fallout with Obaseki

Returning Edo Deputy Governor Philip Shaibu has revealed that he would abandon his gubernatorial ambitions if his principal, Godwin Obaseki, approached him fairly. On the contrary, Obaseki’s alleged threats and dictatorial behaviour strengthened Shaibu’s determination to pursue his ambitions. Shaibu, who defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) spoke candidly during a courtesy visit …

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