Author: Prince Emmanuel Odunayo Ikusagba

The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi.CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday.Emefiele said Nigeria has a lot of capacity in currency printing as she has been minting since the 1960s and “we are willing to assist in printing your currency.“We can be extremely competitive in terms of cost,” he said.Earlier the Gambian Central Bank Governor said his country is running very low on currency and…

The police on Tuesday arraigned a 86-year-old man, Buhari Musa, who allegedly stole N10,000 worth of maize.Musa, who resides at Itanla area of Ado-Ekiti, is facing trial for stealing before an Ado-Ekiti Chief Magistrates’ Court.He, however, pleaded not guilty to the charge.The prosecutor, Insp. Johnson Okunade, told the court that the defendant committed the offence on June 13 at 7.00 a.m. at Omisanjana area of Ado-Ekiti.Okunade said that the defendant stole the maize from the complainant, Mr Saliu Mustapha.He said that the defendant was caught at the complainant’s farm with the maize.Okunade said the alleged offence contravened Section 390(9) of…

Former National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, yesterday, appealed to the party members and supporters in Edo State to keep faith alive irrespective of the party’s present challenges in the state.Oshiomhole made the appeal at the party’s enlarged leaders meeting in Edo North Senatorial District of the state, maintaining that irrespective of the outcome of the last governorship election, Edo North APC had enough reasons to sustain its pride and self-confidence for winning the senatorial zone.He further appealed to the party leaders to always convene all-inclusive meetings to carry everybody along at the wards, local and…

Governor Babajide Sanwo-Olu has delivered two strategic projects aimed at saving lives and securing property in the Epe Division of Lagos State.The Governor, on Monday, commissioned a fully equipped 110-bed Maternal and Child Centre (MCC) built in the ancient town to reduce maternal mortality rate and address complications that may lead to birth defects.The four-storey Epe MCC makes it the fourth to be delivered in two years by the Sanwo-Olu administration. Others are located in Eti Osa, Alimosho and Badagry.Also, the Governor formally inaugurated the Emergency and Security Regional Dispatch Centre in Epe town for a swift response to emergencies…

Governors elected on the platform of the Peoples Democratic Party (PDP) on Monday raised an alarm over the rate at which the All Progressives Congress (APC) is borrowing money to fund projects in the country.This formed part of the resolutions reached at the end of the meeting of the PDP Governors’ Forum held in Uyo, the Akwa Ibom State capital.“Money should only be borrowed for productive purposes as Nigeria’s current debt of over N36 trillion is becoming clearly unsustainable relative to our earnings and GDP.“We should not saddle incoming generations with an undue debt burden. The borrowing spree of the…

The Presidency has distanced President Muhammadu Buhari from what it terms a ‘malicious campaign’ aiming to drive a wedge between him and a staunch ally, Asiwaju Bola Ahmed Tinubu.In a statement on Friday, the president’s special adviser on media, Garba Shehu, said those attempting to estrange the two leaders are doing so with reference to a statement President Buhari made in a recent interview.According to Mr. Shehu, the president stated in the interview that nobody but the APC would determine the zoning and selection of where the next President will come from.The president’s special aide said the twisting of his…

Elder Statesman and former federal commissioner for information, Chief Edwin Clark, says it is unacceptable for the Federal Government to attempt an override of state governments on the issue of open grazing. Speaking on Monday, Chief Clark said President Mohammed Buhari lacks the power to impose open grazing on the states.President Buhari in a recent interview gave a positive nod to a First Republic idea that would see the return of cattle grazing routes allowing herdsmen trail designated paths across the country.This move did not sit well with many Nigerians, with some claiming that the insistence on open grazing points to a…

Minister of Labour and Employment Dr Chris Ngige says President Muhammadu Buhari has tolerated a lot from critics, reiterating that many Nigerians want to stretch him (Buhari) beyond reasonable limits. Ngige spoke when he featured as a guest on Channels Television’s News Night which aired on Monday, stating that many leaders will not condone the kind of criticisms Buhari faces.“Can President Obasanjo give you people the latitude?… He will not grant you people that! So, this president (Buhari) is a willing horse and you people (Nigerians) want to ride him to death,” Ngige said during the show.The former Anambra State governor while stressing…

A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria’s oil and gas industry loses as much as $15 billion in investments annually due to the delayed passage of the Petroleum Industry Bill (PIB), currently before the National Assembly.The bill, which seeks to overhaul the oil and gas industry and offer new fiscal incentives to investors, according to the Minister of State for Petroleum Resources, Mr. Timipre Sylva, and Senate President, Dr. Ahmad Lawan, is set to be passed this month.However, FDC in its latest bi-monthly publication stated that even if the PIB is passed today, the…

States have unveiled strategies to implement the Memorandum of Action (MoA) to ensure financial autonomy for the legislature and judiciary, THISDAY has learnt.The MoA was signed on June 4 by the Judiciary Staff Union of Nigeria(JUSUN), the Parliamentary Staff Association of Nigeria(PASAN), the federal government and the 36 state governors.Under the terms of the MoA, the governors have 45 days to implement the strategies to ensure full financial autonomy for the other two arms of government.With the Judicial Service Commission and the House of Assembly Service Commission already in place in Plateau State, Governor Simon Lalong said on Saturday night…