Connect with us

Finance

SENATE DENIES RECEIVING N20M PALLIATIVES FROM NDDC

Published

on

SENATE DENIES RECIVING N20M PALLIATIVES FROM NDDC

The Senate has denied claims that its members received 20 million Naira COVID-19 palliative from the Niger Delta Development Commission (NDDC).

The statement was in response to claims by the Director of Projects, Interim Management Committee of the Commission, Dr. Cairo Ojougboh, that the agency gave 20 million naira to each senator while each of the House of Representatives members collected 15 million as palliative.

The Spokesperson for the Senate, Dr. Ajibola Basiru, denied Ojougboh’s claims in a statement titled, “NDDC boss says senators got N20m, Reps ₦15m each for COVID-19 – A disclaimer’ on Tuesday.

Watch Our YouTube Videos

Basiru challenged Ojougboh to either release the full list of the lawmakers, who benefitted from the palliative or tender a public apology immediately.

“The Senate Challenges Dr. Ojougboh to publicly provide evidence of his claim and list the names of the Senators he allegedly gave the alleged sum. Failure to provide evidence of his claim, the Senate hereby demands an immediate retraction and a public apology from Dr. Cairo Ojougboh’’, it read.

Meanwhile, Ojougboh has denied the claims he purportedly made stating that it was false.

Ojougboh, in a statement titled, ‘Re: Senate challenges NDDC over alleged ₦20m palliatives: A clarification,’ denied making such allegations.

Part of the statement reads, “I want to state without equivocation, without any hint of doubt, that I neither issued nor made such a statement. Indeed, there is no provision in the Commission’s budget for such a payment.

“Let me make it clear to the hallowed chambers of the National Assembly, as well as to the general public, that I would have resisted such a payment if it were ever brought up in the Commission”, he said

Incase You Missed:

NERC SETS RULES FOR OPERATORS AS NEW TARIFFS TAKE OFF

331,003 Job Losers Withdraw N116.87bn from Pension Accounts

ICT Sector Contributes 17.83% to Nation’s Economy – NBS

Finance

Nigeria’s External Reserves Records Decline to $35.67bn

Published

on

Nigeria’s External Reserves Records Decline to $35.67bn

 

Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the Naira depreciated to N462 per dollar in the parallel market.

Click To Watch Our YouTube Channel:

According to the central bank of Nigeria, foreign reserves are assets held on reserve by a monetary authority in foreign currencies. These reserves are used to back up liabilities and influence monetary policies. They include foreign banknotes, deposits, bonds, treasury bills, and other government securities.

Data from the central bank of Nigeria shows that the reserves fell to $35.672 billion on Thursday last week from $35.725 billion the previous week.

This translated to week-on-week decline of $53 million dollars, more than 100 percent increase from the $23 million w/w decline recorded in the previous week.

According to the CBN data the reserves have been on the downward trend for four weeks since September 17th. It fell by $139 million to $35.672 billion last week Thursday from $35.811 billion on Thursday September 17th.

Prior to the four weeks decline, the reserves rose steadily for two weeks, by $145 million to $35.811 billion on September 17th from $35.666 billion on September 2nd.

Incase You Missed:

Ogun State GovernmIGP Orders Restriction of Movement Ahead of Edo Elections

Johesu Issues Seven-Days Warning Strike Over Outstanding Demands

Fani-Kayode- Why I can’t appear before police now

 NOSC Confirms Approval of Pidgin English as Foreign Language

Addressing The Surge Of Cultural Imperialism In Nigeria – Patricia Soni-odoh

CBN Investigates 55 Companies Over Foreign Exchange Infractions

Customs Issue Warning to Supermarkets Selling Foreign Rice, others

 

Continue Reading

Foreign

10,000 Protesters Defy Thai Crackdown After Emergency Decree

Published

on

Thai protesters

10,000 Thai protesters gathered Thursday in defiance of a sweeping crackdown after authorities moved to crush months of pro-democracy demonstrations by imposing emergency powers and rounding up leading activists.

Protesters chanted “Prayut get out!” and “free our friends!” as they confronted police at Ratchaprasong, a busy junction in central Bangkok, despite a new decree that bans gatherings of more than four people — aimed at quelling student-led demonstrations.

The Government of Prime minister Prayut Chan-o-Cha, a former army chief who initially took power in a 2014 coup, has been the target of the protesters, but they have also taken aim at Thailand’s unassailable monarchy.

Watch Our YouTube Videos:

As night fell, Thai protesters waved their lit-up mobile phones in the air.

Thousands sat on plastic sheets on the road snacking on street food while scores more watched from overhead walkways. Many said they would return Friday evening.

After the emergency measures were announced early Thursday, riot police dispersed hundreds of protesters who camped overnight outside the prime minister’s office.

Incase You Missed:

Boko Haram attacks Buratai’s camp

Three doctors test positive in Nasarawa, says NMA

#EndSARS: Anonymous Syndicate Hacks Government Website

COVID-19: 90 people who showed Coronavirus symptoms test negative in Abuja

OVERCOMING INTERNET ADDICTION-SONI ODOH

Gunmen Kill Seven In Fresh Kaduna Attack, El-Rufai Reacts

PROTECTING YOUR MENTAL HEALTH – A. HASSANAH

Continue Reading

Finance

CBN Invests Over N120bn on Cotton Value Chain

Published

on

Nigeria’s External Reserves Records Decline to $35.67bn

The Central Bank of Nigeria, CBN says it has invested over N120 billion on the Nigerian Cotton value chain and projected over 300, 000 metric tonnes of seed cotton by end of 2020.

This was made known by the Deputy Governor, Corporate Services, CBN, Edward Adamu, at the Cotton, Textile and Garments, CTG, stakeholders meeting tagged ‘Cotton Harvest 2020 season’.

Watch Our YouTube Videos:

According to Adamu, the Apex bank’s intervention is to eradicate smuggling and dumping of textile goods in Nigeria and also to resuscitate and return the lost glory of the cotton textile and garment industry.

He recalls the booming days of the industry that sustained the economy with massive job creation, which in the 1970’s and early 1980s, Nigeria was home to Africa’s largest textile industry, with over 180 textile Mills in operations, which employed close to over 450,000 people.

Explaining that if nurtured properly, the industry can create millions of jobs for Nigerians.

Incase You Missed:

Maritime Contributing N7trn Yearly To Economy – Shipper’s Council

We Will Push Until You Win, President Buhari Assures Okonjo-Iweala

Senate to Debate Petroleum Industry Bill October 20

NIBSS Urges Banks to Protect Customers’ Accounts

CBN to Disburse Nigerian Youth Investment Fund

COVID-19 AND ITS IMPACT ON THE NIGERIA AVIATION SECTOR – SONI-ODOH

 

Continue Reading
COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

Inside Nigeria's Covid-19 wards

“I can’t bury my sister”The pain of Covid-19 is real.Watch and share video 👇BBC News Africa

Posted by BBC Media Action Naija on Wednesday, July 8, 2020

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

GALLANT OFFICER

Gallant Officer
"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

Currency Calculator

Currency Calculator

Amount
From :
To :

Trending