Day: January 29, 2023

JUST IN: House of Reps rejects 10-day extension of deadline for naira notes swap

Emporium Reporters

The Nigerian House of Representatives has rejected the decision on extension of the naira swap deadline by 10 days despite the approval of President Muhammadu Buhari. Recall that the CBN governor, Godwin Emefiele on Sunday said Buhari gave permission for the deadline to be extended to February 10. But in a swift reaction, the chairman of the adhoc committee mandated to interface with the CBN bank and commercial banks on the naira chaos, Alhassan Doguwa, rejected the extension, insisting that the CBN must comply with Sections 20 sub 3, 4,…

Flight Interest Rate, New Naira Note and Fuel Scarcity By Adefolarin A. Olamilekan

Emporium Reporters

Given the social, political and economic uncertainty that is projected by leading international bodies,from World Bank Group (W BG), International Monetary Funds (IMF) and World Economic Forum( WEF). For instance that of WEF was much more scary as it pin pointed a global risks that is eminent. WEF used data from the Global Risks Perception Survey 2022-2023 to highlight the risks the world was likely to face. This includes High cost of energy, food crises, debt burdens, and natural disaster. For instance WEF identified the cost-of-living crisis as the most…

FCT Police foil armed robbery in Kabusa area

Emporium Reporters

Operatives of the Federal Capital Territory (FCT) Police Command in the early hours of January 28, 2023, at about 0440hrs, subdued an armed robbery incident in the Kabusa area of the FCT.     The prompt intervention of the police followed a distress call to the Kabusa Police Division about an armed robbery incident in the ECWA 2 community of Kabusa Village. Some of the exhibits recovered from the scene include one (1) Barreta Pistol, one (1) round of 9mm live ammunition, two (2) axes, one (1) mobile phone, and…

PUBLIC NOTICE: NCC holds maiden edition of Nigeria Girls Can Code Competition(NGCC) February 1

Emporium Reporters

The Nigerian Communications Commission (NCC), in its efforts at promoting Digital Literacy and Skills of young school girls in the country, is organising a maiden edition of the Nigeria Girls Can Code Competition (NGCC) in line with the catch-them-young global initiative.   The NGCC aims to engage girls in secondary schools across the country to debate on innovative ways to address the challenges of food security through the application of fifth generation (5G) technology.   This is in line with the Federal Government’s policy initiative – Nigeria Digital Economy Policy…

Danbatta Bags Vanguard’s Regulator of the Year Award

Emporium Reporters

The Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, was at the weekend in Lagos, decorated with the 2022 Regulator of the Year Award at the prestigious 11th Edition of the Vanguard Personality of the Year Award where men and women who have distinguished themselves as achievers of excellence in their various fields of endeavours were honoured.   The award was conferred on Danbatta in recognition of the EVC’s effective regulatory achievements through cutting-edge initiatives, especially during his first five years in office…

The god of Wike, Buhari is alone and other illusions (1), by Hassan Gimba

Emporium Reporters

Many governors who finish their two terms in Nigeria retire into the red chamber and become ‘distinguished Senators’. But not so His Excellency, Chief Barrister Ezenwo Nyesom Wike, CON, the sixth governor of Rivers State and a Peoples Democratic Party (PDP) strongman. When he refused to follow the traditional path taken by governors finishing their tour of duty, many thought he wanted to make a career in dancing to the beatings of a live band. There were arguments on where he would ply his trade – clubhouses or political gatherings…

Tinubu and ghosts of fuel scarcity, new Naira notes By Festus Adedayo

Emporium Reporters

In a piece I wrote entitled A O M’erin J’oba At Tinubu’s Colloquium (April 1, 2018) I warned that the man who has now become the presidential candidate of the All Progressives Congress, (APC) Bola Ahmed Tinubu, was making a strategic mistake in assuming that Buhari loved him. Or that he would probably want to relinquish power to him. Using a famous folklore rendered as tale told by the moonlight in traditional African Yoruba, but which Chief Obafemi Awolowo’s Minister of Works and folklorist/writer, Joseph Odunjo, brought into vivid perspective…

2023,Emilokan and the Saboteurs, By Sani Danaudi Mohammed

Emporium Reporters

The founder of journalism in Nigeria,Reverend Henry Townsend introduced the profession by publishing the first tabloid ‘Iwe Irohin Fun Awon Ara Egba’ 1859 in Abeokuta has probably had no inkling how far his idea would stretch through the decades.However,164 years down the line,the paper that was established to give Egbas a voice has completely change the famous ancient City of Abeokuta to a temple for speaking the truth to power and those Sabotaging the Presidential ambition of the Presidential Candidate of the ruling All Progressive Congress and Former Governor of…

JUST IN : CBN extends deadline on old Naira notes till February 10

Emporium Reporters

The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10, 2023.   The CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday, January 29, 2023.   This come after Nigerians have called for an extension of the deadline, sighting scarcity of the new notes in circulation.   The CBN governor had earlier insisted that there won’t be any extension to the policy, saying kidnapping and ransom-taking have reduced since the three banknotes were redesigned.   He…

Concerned Legislative Aides ask Ag. CNA to consider outstanding salaries, allowances.

Emporium Reporters

The concerned legislative aides both at the Senate and House of Representatives has appealed to the Ag CNA, Sani Magaji Tambuwal to consider the lingering salary arears and allowances of legislative aides between 2019 till date away from former CNA Amos Olatunde Ojo draconian policies. This is at the background of speculations and planned payments of allowances of core staff of National Assembly and National Assembly Service Commission NASC. According to the legislative aides who no longer want their names in print said they have protested too long on non…