The International Monetary Fund, IMF, says it stands on its advice to Nigeria on foreign exchange, FX, rate and subsidy removal, saying it was necessary for the country’s macroeconomic stability. The IMF restated its stance on its policy recommendations to Nigeria on Wednesday. DAILY POST recalls that the Director of the African Department at the IMF, Abebe Selassie, had applauded the economic reforms implemented by President Bola Tinubu’s administration during a press briefing at the just concluded IMF/World Bank meetings in Washington DC., United States. Selassie said the IMF has consistently advocated for Nigeria’s investment in infrastructure, health, and education;…
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Cross River Government has declared Thursday and Friday as public holidays to enable voters in the state to participate fully in the council elections scheduled for Saturday, November 1. The Chief Press Secretary to the Governor, Mr Nsa Gill, made this disclosure in a statement on Wednesday in Calabar. Gill said the decision was to give ample opportunity to those who have to travel outside Calabar to various parts of the state to exercise their civic duties. He, therefore, called on the residents, especially voters, to take advantage of the two-day holidays to engage in the electoral processes and make…
The Nigerian Safety Investigation Bureau (NSIB) on Wednesday said it has recovered the fifth body from the October 24 helicopter crash that occurred in the Atlantic Ocean in Port Harcourt, Rivers State. The update was contained in a statement signed by NSIB’s Director, Public Affairs and Family Assistance, Mrs Bimbo Olawumi Oladeji. It said the bureau continued its coordinated recovery operation and investigation following the ditching of a Sikorsky SK76 helicopter, registration 5N BQG, operated by Eastwind Aviation. According to the statement, a total of five bodies have been recovered so far and the fifth body recovered today required specialised…
Abia State ministry of environment, Umuahia, was on Wednesday, rocked by a protest by some aggrieved staff of the ministry who claimed that more than eight million naira had been deducted from their salaries in the past three years. According to the staff who flaunted different placards, the money was deducted and dedicated to an account sometime in 2021 under a Christmas welfare program, adding that the deductions have been going on without the staff being refunded. The angry staff, who begged Governor Alex Otti to intervene in their plight, took their protest to the office of the Commissioner for…
Former Arsenal winger Jermaine Pennant has urged the Gunners to sign Newcastle United striker Alexander Isak. Pennant said Isak is better than Kai Havertz, adding that the Swedish striker would fit Mikel Arteta’s side. Isak was linked with a move to Arsenal and Chelsea in the past. His contract with Newcastle will expire in June, 2028. Speaking recently to Tribal Football, Pennant said about Isak: “He’s prolific, he knows the back of the net, when he’s match-fit. I think all-round he is probably better than Havertz, though they are similar players in style. “I just just think he acts a…
Looking for a university in Nigeria that combines excellence, innovation, and a passion for service? This is your chance to be part of a forward-thinking university dedicated to building leaders ready to make a difference. Why Choose Maduka University? At Maduka University, we believe education goes beyond academics; it’s about shaping individuals who are ready to create change, uphold values, and excel in their fields. Our university is grounded in excellence and innovation, offering programs designed to nurture your potential and give you the competitive edge in today’s world. Our Promise: • A learning environment that values academic rigour and…
Rivers State Governor, Siminalayi Fubara, on Wednesday, expressed his indifference towards the Federal High Court’s decision stopping the Central Bank of Nigeria’s, CBN, from releasing state allocations. This is as the governor said his approach to the crisis, in adherence to the intervention of President Bola Tinubu, empowered his opponents. While Governor Fubara expressed no regrets for seeking peace, he acknowledged that this approach may have inadvertently empowered his opponents. Justice Joyce Abdulmalik of the Federal High Court in Abuja issued a ruling on Wednesday halting the CBN from releasing monthly financial allocations to the Rivers State Government. The ruling…
The lawmaker representing Delta North in the Nigerian Senate, Ned Nwoko, has maintained that the people of Anioma in Delta State are proudly Igbos and would become the 6th state of the South East. Appearing on Channels Television’s Wednesday’s edition of Politics Today, Nwoko pointed out that the South East has been marginalised, especially in that regard, being that the region only has 5 states. The lawmaker was confident that the Federal Government would certainly create another state, which according to him, would come out of Delta State either to give the South South a 7th or a 6th for…
A former Secretary to the Central Bank of Nigeria, CBN, Mr John Ogah, has told the court that former CBN Governor, Godwin Emefiele, listed his niece as one of the beneficiaries of funds from an account allegedly operated on his behalf. DAILY POST reports that Ogah is testifying before a Lagos High Court sitting in Ikeja. Ogah, who is the 6th prosecution witness of the Economic and Financial Crimes Commission, EFCC, made the disclosure while answering questions from the Commission’s lawyer, Senior Advocate of Nigeria, Rotimi Oyedepo. He told the court that he was aware that Emefiele instructed the 5th…
The senator representing Delta North senatorial district in the Nigerian Senate, Ned Nwoko, has insisted that no economic policy would work in the country as long as Nigeria continues to allow use of different currencies. The lawmaker stated this during Wednesday’s edition of Channels Television’s Politics Today, noting that the economy is currently in tatters. The Senator said that Nigeria is the only country where multiple currencies are being used concurrently, thereby making the local currency valueless. “Our economy as it is, is in tatters. It is in some kind of quagmire. It doesn’t matter how you look at it…