Author: Amina Mohammed

The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,520.24 per dollar from N1,512.61 per dollar on Wednesday, indicating N7.63 depreciation for the naira. The volume of dollars traded (turnover) in the market rose by 51 percent to $173.51 million from $114.91 million traded on Wednesday. Consequently, the margin between the parallel market and NAFEM rates widened to N14.76 per dollar from…

The National Orientation Agency (NOA) on Thursday, July 4 2024 said it has mobilised no fewer than 4000 staff to track promoters of violence in the country. The agency in a statement by Paul Odenyi, deputy director of press, NOA said it has activated its civil intelligence network, ordering its 812 offices around the country to identify incident spots and individuals nationwide involved in the planned protest. The statement reads: “This directive comes as the EFCC reported that certain individuals, especially those being investigated by the Commission, are mobilising youths, including school children, to stage a nationwide protest against the…

The Samoa Agreement signed by Nigeria at the Organisation of African, Caribbean and Pacific States (OACPS) Secretariat in Brussels, Belgium is in the country’s interest, the Federal Government has said. Information and National Orientation Minister Mohammed Idris, who clarified Nigeria’s stand, said the agreement is about sustainable economic growth and development and other beneficial protocols. The minister’s clarification came against the backdrop of the controversy generated by the pact. Idris said Nigeria made it clear that any provision that is inconsistent with the laws of Nigeria shall be invalid, by ensuring that none of the 103 Articles and Provisions of…

Jeremy Corbyn has won Islington North, the constituency he has represented since 1983 – but for the first time has been elected as an independent MP. The former leader of the opposition beat Praful Nargund, a local Labour councillor selected by the party’s executive committee as its candidate in May. Corbyn won 24,120 votes, with Nargund securing 16,873 votes. Turnout for the election was 67.5%, down from 71.6% in 2019. In his victory speech, Corbyn said he had fought a “positive campaign”. The political system must produce answers for social problems, he said, adding that demonising asylum seekers was not…

Germany coach Julian Nagelsmann said his side had more than enough attacking quality to match Spain’s offensive firepower in Friday’s blockbuster Euro 2024 quarter-final in Stuttgart. “My focus is less on (Lamine) Yamal, more on Jamal (Musiala),” the coach said, adding “we can do something in attack ourselves”. “We want to have the ball, that’s the clear focus for us. We want to attack and make life difficult for them.” Musiala, 21, returns to his hometown of Stuttgart having scored in three of Germany’s four games at Euro 2024. Led in attack by the 16-year-old Yamal and Nico Williams, 21,…

The Senate has approved the appointment of Abdullahi Usman Bello as Chairman of the Code of Conduct Burea, CCB. The confirmation on Thursday was sequel to consideration of the report of Senator Neda Imasuen, LP, Edo South led Senate Committee on Ethics, Code of Conduct and Public Petitions for the Confirmation of Abdullahi Usman Bello for Appointment as Chairman Code of Conduct Bureau. in presenting the report, Imasuen said, “That the Senate do receive and consider the report of the Committee on Ethics, Code of Conduct and Public Petitions on the confirmation of Abdullahi Usman Bello for appointment as Chairman…

Arsenal have signed goalkeeper David Raya from Brentford on a permanent basis in a deal worth approximately £27 million. Raya, who excelled during his loan spell at Arsenal last season, has now formally joined the Gunners, fulfilling an agreement made with Brentford last year. David Raya’s initial move to north London in August was structured as a loan deal, costing Arsenal £3 million, with the expectation that it would transition into a permanent transfer worth £27 million. This payment structure was designed for financial reasons, rather than any uncertainty on Arsenal’s part. At the start of a new financial cycle,…

Inter Milan will begin the defence of their Serie A title at Genoa while ambitious Como take on Juventus in their first top flight fixture in over two decades, after the 2024/25 season fixture list was announced on Thursday. Simone Inzaghi’s Inter strolled to last season’s Scudetto and will try to retain their crown under new ownership after US investment fund Oaktree acquired the club in May. Oaktree assumed ownership of Inter days after they were officially crowned Italian champions, as previous owners Suning missed a deadline to repay a three-year loan which matured at 395 million euros ($428 million).…

A Federal High Court sitting in Kano and presided over by Justice Simon Amobeda has given 48 hours deadline to two Kano Judges, Justice Farouk Lawan Adamu and Justice Zuwaira Yusuf appointed by Kano State Governor, Abba Yusuf to serve as Chairman of the Judicial Commission of Inquiry for the Recovery of Misappropriated Public Properties and Assets, and Chairman of Judicial Commission of Inquiry to investigate Political Violence and Missing Persons respectively, to resign their appointments. Justice Simon Amobeda gave the order while delivering his judgment in a case instituted by former governor, Abdullahi Ganduje seeking the court to stop…

Polling stations across the United Kingdom are opened on Thursday morning, with opinion polls suggesting the centre-left Labour party is on course to secure a big majority. Labour is expected to secure majority in the House of Commons and form a new government, after 14 years in opposition. Millions of people will cast their vote between 7a.m. (0600 GMT) and 10pm. An exit poll, published shortly after 10p.m., would provide the first indication of how the election has gone on a national level. The first of the 650 seats are likely to declare their results from 11.30p.m. Party leaders have…