- Economy
Customs Service changes forex rate for tariffs, duties to N783/$1
The Nigerian Customs Service (NCS) has increased the foreign exchange rate it uses to calculate its tariffs and duties on imported goods. The new rate of N783.174/$1, which is 1.59per cent or N12.37 higher than the previous rate of N770.88/$1, was updated on the federal government’s single window trade portal. The NCS is responsible for collecting customs duties in Nigeria,…
Read More » - Perspectives
How Ademola Adeleke firmly governs Osun, By Olawale Rasheed
The superlative performance of Governor Ademola Adeleke has necessitated a change of strategy within the opposition. As the Governor cannot be faulted on performance rating, the focus is then shifted to how state decisions are taken, how appointments are made and how the wheel of state is piloted. As an insider, let me assert that the man in control of…
Read More » - Perspectives
When performance operates governance, By Fredrick Nwabufo
There is a pristine approach to governance: It’s either performance-operated or result oriented. The Tinubu administration’s perspective to governance is one that is people-focused and prioritises service delivery above notional niceties and officialese. It is an approach that demands clinical methodism in addressing institutional ills, rigour, discipline, efficiency, and most importantly, results. The recent Cabinet Retreat was a utility-mine. It…
Read More » - Economy
Afreximbank, UBA close $150m deal
Bolaji Adebiyi in Cairo, Egypt Afreximbank and Nigeria’s United Bank for Africa Plc have sealed a $150 million Trade Financing Facility deal. The agreement, signed on the sidelines of the ongoing Intra-African Trade Fair in Cairo, Egypt is part of the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA). The facility, strategically crafted to mitigate the adverse effects of…
Read More » - Politics
INEC declares APC’s Ododo winner of Kogi governorship election
The Independent National Electoral Commission (INEC) has declared Ahmed Usman Ododo of the All Progressives Congress (APC) as the governor-elect of Kogi State. Ododo emerged victorious in the governorship election held on Saturday, November 11, 2023. He secured 446,237 votes, while his closest challenger, Murtala Ajaka of the Social Democratic Party (SDP), got 259,052 votes. The Peoples Democratic Party (PDP)…
Read More » - News from States
Usman Baba Patigi, a colossus in Nigeria’s comedy industry – AbdulRazaq
Kwara State Governor/Nigeria Governors’ Forum (NGF) Chairman AbdulRahman AbdulRazaq on Sunday described the death of Alhaji Usman Baba Patigi (Samanja) as the end of a great era in the Nigerian comedy industry, especially in the northern region. The Governor said Samanja, 81, who was a Prince of Patigi in Kwara State, will be remembered as a pathfinder in what has…
Read More » - National News
PHOTO NEWS: Tinubu in Mecca for lesser hajj after Saudi-Africa summit
President Bola Tinubu is in Mecca for the lesser hajj after the conclusion of the Saudi-Africa summit.
Read More » - Economy
Afreximbank earmarks $1bn for Continental Transit Guarantee Scheme
*Awani elected to FCI executive committee Bolaji Adebiyi in Cairo, Egypt Africa has moved closer to the realisation of its dream of transforming into a single market with the launch of the Afreximbank African Collaborative Transit Guarantee Scheme for which the continental bank has set aside $ 1 billion for its implementation. “The AACTGS brings us closer to transforming our…
Read More » - Politics
INEC to hold fresh elections in 59 Kogi polling units on Nov 18
The Independent National Electoral Commission (INEC) says fresh polls will be conducted in 59 polling units in the Ogori/Magongo Local Government Area of the state. According to the electoral umpire, the fresh election will be held next Saturday, November 18, 2023. INEC National Commissioner, Mohammed Haruna, announced this in a statement on Sunday night.The statement read, “Further to our Statement…
Read More » - Economy
Dangote Refinery to start producing petrol with Nigerian crude
Africa’s richest man, Aliko Dangote, said his refinery has obtained a permit to process more than 300,000 barrels of Nigerian crude daily and will soon start producing gasoline. “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” the tycoon said in an interview with Bloomberg on Saturday in Riyadh during the…
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