Author: TheScrutinyNG

The Naira, on Thursday, appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on Wednesday. Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ, as reported by VANGUARD, showed that the indicative exchange rate for NAFEM fell to N1,644.86 per dollar from N1,660.83 per dollar on Wednesday, indicating N15.97 appreciation for the naira. The volume of dollars traded (turnover) increased by 66 percent to $560.34 million from $337.07 million traded on Wednesday. Consequently, the margin between the parallel market and NAFEM rate widened to N95.14 per…

The Academic Staff Union of Polytechnics (ASUP), on Thursday, announced that it would begin a two-week warning strike beginning from December 2, 2024, over the inability of the government to resolve its eleven-item demands. Cardinal among the demands is the appointment of a Rector in Federal Polytechnic, Nekede, Imo State without following the due process and in violation of Federal Polytechnics Act. President of ASUP, Kpanja Shamnah, disclosed this while briefing journalists at the end of its 112 National Executive Council, NEC, meeting in Abuja. Recall that ASUP had issued a 15-day ultimatum to the Federal Government and other relevant…

The proposed Tax Reform Bills scaled second reading on the Senate floor on Thursday, despite strong reservations from some lawmakers. Presenting the lead debate on the Executive Bill before opening the floor to his colleagues, Senate Leader, Michael Opeyemi Bamidele, described the proposed legislation as “a significant move to overhaul the country’s tax system.” He said, “These bills aim to simplify the tax landscape, reduce the burden on small businesses, and streamline tax collection.” The Senate Leader elaborated on the benefits of the proposed bills, which include four main components. He stated: “In broad terms, the four bills seek to…

The Benue State High Court sitting in Makurdi, on Thursday, nullified the seven-man caretaker committee constituted by the National Working Committee (NWC) to oversee the affairs of the party in the state. Delivering judgment, the presiding judge, Justice T A Kume, declared that the decision of the National Working Committee to dissolve the Agada-led exco was not in accordance to the party constitution. The judge averred that the action of the National Working Committee of the party amounted to gross violation of the rights of fair hearing of the applicants. He said, “A consequential order is hereby made declaring as…

Arewa Youths, under the aegis of Northern Youth Assembly (NYA), have vowed to occupy and take over the secretariat of Arewa Consultative Forum (ACF) should the  Board of Trustees of ACF fail to reinstated  threatened to take over the their chairman,  Mr Mamman Mike Osuman, handing seven days ultimatum to carry out their threat. Mr Mamman, it would be recalled, was recently suspended by the Board of Trustees of the ACF for saying that ACF would only support a northern presidential candidate in the 2027 general election. NYA said it received with shock, the statement jointly signed by Alhaji Bashir…

Senator Monday Okpebholo, the Edo State governor, has made a policy sumersault as he cancelled the free bus service for the citizens just one day after he announced it. Okpebholo’s Chief Press Secretary, Fred Itua, had earlier issued a statement to journalists in Benin City, announcing that the governor had approved the free bus services for residents as part of his administration’s initiative. However, in a subsequent statement on Wednesday, Itua urged the public to set aside the earlier announcement. He said the suspension was due to a briefing the governor received regarding issues surrounding the operation of the state-owned…

Stella Obasanjo Hospital: You’re Using False Accusation To Dodge Paying Contractors, Obaseki’s Aide Replies Okpebholo Crusoe Osagie, the Media Adviser to former Governor Godwin Obaseki of Edo State, has hit at Governor Monday Okpebholo Over the latter’s comment on Stella Obasanjo Hospital in the state whereby the governor alleged that the health facility is a scam by the immediate past government. Osagie, in a press statement on Thursday, said the hospital is fully completed and equipped, contrary to the governor’s allegations that the health facility was never meant to be as it was a scam perpetuated by the Obaseki administration.…

President Bola Tinubu on Thursday commenced a two-day state visit to France aimed at deepening economic cooperation between the two nations.  French President Emmanuel Macron welcomed Tinubu at the historic Invalides Memorial Complex in Paris, marking a Nigerian leader’s first official state visit to France in over two decades. The visit underscores France’s efforts to strengthen ties with English-speaking Africa following recent diplomatic challenges with former allies on the continent.

Ruud van Nistelrooy is expected to accept an offer from Leicester City to become their new manager and should be in charge for their game against Brentford on Saturday. It is thought Van Nistelrooy is currently at his home in the Netherlands, but his appointment could be confirmed quickly. There are still details and contractual issues to be agreed and he has not signed anything yet, but there is optimism on both sides the deal will be completed soon. Van Nistelrooy has been exploring opportunities to become a number one and Sky Sports News understands he had a number of…

Sean “Diddy” Combs, the American rapper, has been denied bail for the third time in his ongoing sex-trafficking and racketeering case. A New York City judge ruled on Wednesday that Combs posed a significant risk of witness tampering if released before his trial, which is scheduled for May 2025. The 54-year-old was held at the Metropolitan Detention Centre in Brooklyn, facing charges of racketeering conspiracy, sex trafficking, transportation for prostitution, and more than two dozen accusations of sexual assault filed in civil lawsuits. Combs has pleaded not guilty and denies all allegations. In the latest ruling, US District Judge Arun…