Author: Adejuyigbe Francis

The Naira appreciated against the US Dollar by 3.6 per cent or N29.30 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, November 1, despite a continued liquidity crisis. Data showed that the exchange rate of the local currency in the official market closed at N786.02/$1 compared with the preceding day’s N815.32/$1. The supply of forex into the spot market improved during the midweek session by 41.8 per cent or $31.25 million, as the FX trades stood at $105.98 million versus the $74.73 million achieved a day earlier, according to data from the FMDQ Securities Exchange. Last week, the…

Akpabio, 13 senators are earning over N5.6 billion ex-govs’ pension, benefits’. “Besides the Senate President, Godswill Akpabio (Akwa Ibom), other beneficiaries of ex-governors’ pensions are: Adams Oshiomhole (Edo), Dave Umahi (Ebonyi), Aminu Tambuwal (Sokoto), Ibrahim-Hassan Dankwambo (Gombe), Abdulaziz Yari (Zamfara), Aliyu Wammako (Sokoto), Orji Uzor Kalu (Abia), Seriake Dickson (Bayelsa), Adamu Aliero (Kebbi), Ibrahim Gaidam (Yobe), Danjuma Goje (Gombe) and Abubakar Sani Bello (Niger),”. Former governor and serving senator (Gombe North), Ibrahim Dankwambo, has asked the Gombe State government to stop payment of his pension and allowance. Dankwambo follows in the steps of former governor of Ogun State and current…

Amid ongoing economic hardship, Pay TV firm MultiChoice Nigeria has announced an upward review in the bouquet prices of DStv and GOtv for the third time in 2023. Sources at MultiChoice who pleaded anonymity confirmed the development to Naija News. The source said that the new bouquet price will take effect from November 6. The latest increase is which is another 17% increase will have GOtv subscriber pay N12,500 for the Supa+ package the highest subscription price as against the N10,500 which it initially cost. DStv subscribers will also be made to pay N29,500 as against the N24,500 it earlier charged…

Newcastle travel to Chelsea and Liverpool host West Ham in the pick of the quarter-final fixtures in the Carabao Cup. After his side comprehensively beat Manchester United 3-0, Eddie Howe said he hoped for a kinder last-eight draw but faces a trip to Stamford Bridge after Chelsea beat Blackburn Rovers. Elsewhere, Liverpool, who beat Bournemouth 2-1, welcome West Ham. David Moyes’ side brushed aside the challenge of Arsenal 3-1 at the London Stadium on Declan Rice’s return to his former club. Everton sealed their progress into the quarters with a 3-0 home win against Burnley and will play Fulham in the next…

German champions Bayern Munich were stunned by a 96th-minute winner from third division Saarbrucken in the German Cup. Marcel Gaus scored late into stoppage time to earn a famous victory. Harry Kane was an unused substitute for an otherwise strong Bayern team featuring Thomas Muller, Leroy Sane and Manuel Neuer. Muller had put Bayern ahead but Patrick Sontheimer equalised before Gaus’ memorable winner. It is the third time in four years in which Bayern – who have won the Bundesliga title in each of the last 11 seasons – have exited the German Cup in the second round, the stage…

Pressure mounted on Erik ten Hag after Manchester United were beaten at home in embarrassing fashion, going down 3-0 to Newcastle to exit the Carabao Cup. Miguel Almiron, Lewis Hall and Joe Willock scored the goals as the holders were summarily dismissed by the side they beat in last season’s final – which seems a very long time ago now. Newcastle had by far the better of the first half, better organised and more committed than a sorry United. They look the lead on 29 minutes when a terrific counter led by Tino Livramento was finished by Miguel Almiron, then…

Substitute Darwin Nunez scored a stunner as Liverpool overcame Bournemouth to reach the quarter-finals of the Carabao Cup. The Uruguayan striker cut in from the left and picked his spot perfectly for the 70th-minute finish, curling the ball with plenty of pace into the top right corner beyond a despairing Ionut Radu. Cody Gakpo had put Liverpool in front in the first half when he pounced to poke home from close range after Harvey Elliott’s volley was parried into his path. But Bournemouth levelled through Justin Kluivert as he netted his first goal for the club since joining from Roma…

Declan Rice endured a torrid return to the London Stadium as Mohammed Kudus and Jarrod Bowen inspired West Ham to a 3-1 win over Arsenal that booked a spot in the quarter finals of the EFL Cup. England midfielder Rice, who skippered The Hammers to UEFA Europa Conference League glory prior to a £105m move to the Gunners in the summer, appeared as a second half substitute against his old club, but could not inspire a recovery on a disappointing night for the visitors. David Moyes’s men failed to have a shot in the first 45 but went in at…

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has directed that sting operations by officials of the agency at night time be stopped in all the Commands of the EFCC. This was made known in a statement on Wednesday night by the EFCC Head, Media & Publicity, Dele Oyewale. The agency stated that the directive was in line with the newly-reviewed procedures on arrest and bail of suspects by EFCC. Olukoyede gave the directive in Abuja on Wednesday, November 1, 2023, in reaction to the arrest of 69 suspected internet fraudsters by operatives of the Ibadan…

The National President of the Nigeria Labour Congress (NLC), Joe Ajaero, h as been referred for an ophthalmic investigation and brain scan. This comes after Ajaero sustained injuries from an attack by suspected hired thugs and the police during a rally protest in Owerri, the Imo State capital. Recall that the NLC, on Wednesday, had organized a protest rally in Owerri, over the alleged insensitivity of the state government over the worker’s plight in the state. Moments before the commencement of the protest some thugs attacked him and inflicted body injuries on him alongside some union leaders. After the attack, police operatives…

The Imo State Police Command has debunked reports alleging that the president of the Nigerian Labour Congress (NLC), Joe Ajaero, was arrested by its personnel in Imo State. The incident occurred during a protest led by the NLC leadership across the state to register their displeasure over what they termed as a lack of respect for workers’ rights, unpaid salaries, and poor working conditions, among other concerns. The union had threatened to carry out a widespread protest, which would serve as a prelude to a statewide strike to register the workers’ grievances against the Governor Hope Uzodimma-led government. Meanwhile, Benson Uper, Head of…

The Nigerian Senate has approved the appointment of Shaakaa Chira as the new Auditor-General of the Federation. President Bola Tinubu had nominated Chira for the position, relying on Section 86 of the 1999 Constitution (Amended). The Federal Civil Service Commission (FCSC) recommended Chira for the appointment following a rigorous screening exercise, where he was identified as the most qualified candidate and scored the highest in the examination among all the qualified candidates. During his screening and confirmation in the Senate, Chira expressed his concern over the lack of funding for the office, which has made it challenging to ensure transparency…