News

Naira Ends Losing Streak Against U.S Dollar

After consecutive devaluation, the Naira posted a gain against the US dollar at both the official and unofficial market windows of the forex market on Tuesday.

According to abokiFX, Naira closed at N526.00 per $1 at the black market on a N1.00 or 0.20 percent appreciation from the N527.00 it exchanged hands on Monday.

But the local currency closed flat against the Pound Sterling at the black market at N715/£1 and appreciated by N4 against the Euro to N612/€1 from N616/€1.

Similarly, data posted on the FMDQ Security Exchange window where forex is officially traded showed that the naira closed at N411.08 per $1 at the official market on Tuesday.

This translates to a N0.55 or 0.13 percent rise from the N411.63 rate recorded in the previous session on Monday

A low turnover, which resulted in ease in pressure, was one of the reasons for the gains posted by the local currency yesterday at the market segment

The Forex turnover recorded at the market segment was pegged at $72.50 million against the $81.81 million achieved at the preceding session, indicating a $9.31 million or 11.4 per cent decrease in the market turnover.

News

Gov Bago signs Executive Order on Niger Green Economy

Governor Umaru Bago of Niger State has signed an Executive Order on the Green Economy.

The Executive order which was titled ‘the Niger State Green Economy Initiative Order (No.3), 2023’ provides that the Green Economy Initiative shall be driven by the State Blueprint that details the strategic pillars and outlines the strategic key performance indicators, targets and timelines of the transition into a green economy.

Also enshrined in the Order, Niger State Government shall produce a State-Wide Land Use and Economic Development Plan to guide investment decisions and ensure investments that would stabilise the green transition are properly coordinated and planned.

The Order further directed all the Ministries, Departments and Agencies (MDAs) of the State to adhere strictly to the initiative, adding that appropriate sanction will be carried out on any violator of the Executive Order.

Singing the Executive Order shortly before the commencement of the weekly State Executive Council (SEC) Meeting at the Council Chambers, Government House, Minna, Governor Bago explained that the Executive Order was to ensure the effective implementation of the Green Economy Policy.

Governor Bago appreciated Media Practitioners for the wide coverage given to his administration and encouraged them not to relent.

Recall that the Present administration initiated the Green Economy Policy, and hosted the first summit on initiative with the view to turn around the economy of the State and engender socio-economic development.

According to the Chief Press Secretary to the Governor, Bologi Ibrahim, “With the signing of Executive Order Three, the initiative has come to stay and its implementation is sacrosanct.”

News

COP28: President Tinubu Meets King Charles in Dubai

President Bola Tinubu on Thursday met with King Charles III of England in Dubai, the United Arab Emirates (UAE).

Both of them are in the country to participate in the United Nations Climate Conference known as COP28 taking place in the Emirati city.

Tinubu posted a message on his X account, on the meeting, describing the king as passionate climate advocate.

He posted: “I had a productive meeting with His Majesty, King Charles III of England who is also the Head of the Commonwealth, and a passionate climate advocate.

“The meeting was a significant step in strengthening the partnership between Nigeria and the United Kingdom, and I am optimistic about the positive impact our joint efforts will have on our planet’s future as we look forward to setting an equitable global standard for environmental stewardship at COP28.”

News

Police Rescue Abducted Plateau Pastor, Three Others in Bauchi

Operatives of the Nigerian Police, Bauchi State Command have rescued four kidnapped victims including a pastor.

The victims were kidnapped by bandits who invaded Raddi village via Bassa Local Government Area of Plateau State on Wednesday, November 29.

The state Police Public Relations Officer, Ahmed Wakil, a Superintendent of Police, disclosed this in a statement made available to journalists.

Wakil said the bandits had stormed the house of one Yakubu Makeri, of Yagi village via Rahama ward, to attack him but a team of operatives attached to Rishi Police Divisional Headquarters in conjunction with local vigilantes swiftly moved to the scene and engaged the bandits in a gun battle.

The statement read, “On November 29, 2023, at about 1am, one sabitu ‘m’ of Kadade village via Toro LGA of Bauchi State reported that on the same date at about 12.30am, an unknown number of bandits invaded their village and stormed the house of one Yakubu Ya’u Makeri, male, of Yagi village via Rahama ward.

“A team of operatives attached to Rishi Police Divisional Headquarters in conjunction with local vigilantes swiftly moved to the scene and engaged the bandit.

“The operatives overpowered the bandits in a gun duel. As a result, one of the bandits was neutralised while the remaining scampered and abandoned their mission.

“However, during the encounter, the operatives succeeded in rescuing three kidnapped victims, namely: Pastor Bala, male (50), Keziya Ayuba (50) and Sunday Ayuba, (40) all of Raddi village via Bassa Local Government Area of Plateau State.

“The aforementioned victims were confirmed to have been kidnapped from their village in Jos, Plateau State.”

Wakil stated that the Commissioner of Police has ordered the Divisional Police Officer to intensify wider patrol across the area in a bid to arrest the fleeing bandits so they can face the full wrath of the law.