Day: October 5, 2020

Nigeria’s CBN devalues Naira, downgrades Exchange Rate To N380/$1

Micheal Olatunji

  The Nigeria’s apex bank, Central Bank of Nigeria (CBN) Monday adjusted the exchange rate on its official website to N380/$1 from the N379 per dollar that it has had on the site since August. Subsequently, the apex bank also adjusted its official selling exchange rate to N381 per dollar from the former the N380/$1. While the CBN has not issued any statement on the slight adjustments, analysts believe it is in line with its exchange rate unification moves. The CBN had on August 7 altered the official exchange rate…

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Group decries deplorable state of roads in Lagos Epe division

Damola Oyede

  A non-governmental organisation, Club Seventies Epe has decried the deplorable state of three major roads leading to Epe division of the Lagos state Nigeria. Its President, Mr Sanuth Ibrahimo in a statement in Lagos, appealed to the state government to ensure contractors move to site to commence and complete these roads without further delay. He said the roads were the Lekki-Epe expressway, Ketu-Itoikin Road and Epe-Ijebu-Ode Road. He said this would save lives, reduce the untold hardship of the people in the community and create the enabling environment to…

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Lagos NIPR Unveils Digital Public Relations Summit 2020 Speakers

Gbenga Adeoti

McMedal   The largest experiential gathering of digital communication enthusiasts in Lagos, Nigeria’s commercial capital, is to focus on capacitating participants with high-level digital strategies, tactics and how-tos, to performing their jobs better in the rapidly growing algorithmic media ecosystem. The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR), organiser of the event, which announced this in a statement to Platforms Africa, also announced the confirmed speakers headlining the fifth Lagos Digital Public Relations Summit, themed: Shaping Virtual Brand Experience online. “Participants will earn a Certificate of…

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Nigerian Buhari jerks up teachers’ salaries, service years

Aliyu Aliyu

Nigeria’s President Muhammadu Buhari has approved an increase in a special salary scale for teachers in the Africa’s biggest economy. The President also increased the years of service for teachers from 35 to 40 years. This was announced by the Minister of Education, Adamu Adamu, who represented the president during the 2020 World Teachers Day celebration. Adama also announced that the President has also increased the years of service for teachers from 35 to 40 years. According to him, the implementation of the new salary scheme is to encourage teachers…

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Nine power plants idle as 16 generate 4,312.1 MW for 200m Nigerians in one day + LIST

Gbenga Adeoti

  16 power plants in Nigeria saw an increase in their output on Sunday, crashing the number of idle plants in the Africa’s most populous nation to nine and surging the generation by 979.2 megawatts to 4,312.1 megawatt. Nigeria has an estimated population of 200 million. As at 6am on Saturday, power generation, according to data obtained by Platforms Africa, stood at 3,332.9MW. The Data of the Nigerian Electricity System Operator, which showed this added that the plants that did not generate any megawatts of electricity as of 6am on…

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India’s Coronavirus Cases Skyrocket by 74,442, hit 6.63m in 24 hours

Aoko Benjamin

India’s coronavirus case tally rose by 74,442 in the last 24 hours to 6.63 million on Monday morning, data from the health ministry showed. Deaths from coronavirus infections rose by 903 to 102,685, the ministry said. India’s death toll from the novel coronavirus rose past 100,000 on Saturday, only the third country in the world to reach that bleak milestone, after the United States and Brazil, and its epidemic shows no sign of abating, reports Reuters. Last week, India further eased restrictions and permitted states to open schools and movie…

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