Month: June 2024

Nigeria Meets IMF Obligations With No Overdue Payments — Report

ADEOLA YUSUF

The International Monetary Fund, an international organisation that provides financial assistance to countries facing economic difficulties, has released Nigeria’s financial position report as of April 30, 2024. This is according to the latest data accessed by the PUNCH on the Fund’s website on Monday. The report shows that Nigeria has no overdue obligations to the fund, indicating that the country has been meeting its financial commitments to the IMF. READ ALSO: CBN Clears $831m Foreign Airlines’ Trapped Funds – IATA Minimum Wage: AGF Tackles Labour As NASS Fails To Stop…

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CBN Clears $831m Foreign Airlines’ Trapped Funds – IATA

ADEOLA YUSUF

The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. The Geneva, Switzerland-based IATA said the development had brought international airlines’ trapped funds globally to about $1.8bn. According to IATA, from the peak of about $850m foreign airlines’ funds in Nigeria last June, only $19m is left outstanding. The association representing international airlines said the remaining $19m was awaiting the CBN verification through commercial banks. READ ALSO: Minimum Wage: AGF Tackles Labour As…

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Minimum Wage: AGF Tackles Labour As NASS Fails To Stop Strike

ADEOLA YUSUF

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, (SAN), has faulted the organised labour over the nationwide strike it is starting today (Monday). Fagbemi, in a letter to the Nigeria Labour Congress and the Trade Union Congress leaders, dated June 1, 2024, insisted that the strike over the new minimum was a violation of a subsisting National Industrial Court order restraining the unions from grounding the nation through the strike action. The AGF said this as a meeting convened by the National Assembly leaders on Sunday night…

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Sarki Abba, Tale of Genius Made To Write WASSCE Twice, Scored 9As Twice

ADEOLA YUSUF

“Where he is ending it all may amuse you.”   Meet Sarki Abba from Kano State Nigeria, the genius that was made to rewrite WASSCE after scoring 9 distinctions. In 1984, 16 year-old Abba, a student of Science Secondary School Dawakin Tofa, scored 9 distinctions (8 A1s and 1 A2) in his West African Senior School Certificate (WASSCE) Exams. Examination authorities in Lagos didn’t believe Abba made those excellent scores without cheating. The authorities provided a car that took Abba to Lagos in order to retake the exam. Abba was…

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40 Directors Fail Permanent Secretary Qualifying Exam

ADEOLA YUSUF

No fewer than 40 directors failed the qualifying examination for appointment to the position of permanent secretaries, The Nation has learnt. Out of 92 directors who took the examination on May 27, 2024, 40 scored below 50 percent, indicating failure, according to the results obtained by our correspondent in Abuja. It was also gathered that three directors were absent, and one was unable to complete the exam. A memorandum dated May 28, 2024, originating from the Office of the Head of Service, designated as “HCSF/ CMO/ AOD/012/IX/59,” disclosed that the…

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Bridging the Investment Gap: The Tinubu Model, By Emeka Nwankpa

ADEOLA YUSUF

Notwithstanding that one year is too short to assess a four-year tenure, President Bola Ahmed Tinubu has shocked bookmakers with the huge and remarkable ground his solutionist administration has covered, showing unwavering commitment to fostering a conducive environment to long-term local and foreign investments. This vision is evidenced by a raft of bold reforms to make Nigeria a more attractive destination for business notably major improvement in ease-of-doing-business, tax and fiscal policy reforms, and significant changes in the Central Bank’s monetary policies. These efforts have not gone unnoticed. The Central…

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‘It’ll Be Total,’ Oil, Electricity Workers Vow To Join Strike

ADEOLA YUSUF

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to comply with the directive of the two labour centres to begin an indefinite nationwide strike on Monday. Its General Secretary, Mr Afolabi Olawale, in a statement on Saturday, said the union was committed to ensuring total compliance with the directive. Recall that the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) declared an indefinite nationwide strike to begin on Monday, to express their grievances over the proposed new minimum wage. In a…

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Popular Nigerian Female Player Turned Man, Seeks N69m To Become Father

ADEOLA YUSUF

James Johnson, a former member of the Super Falcons from 1997 to 2000, has appealed to the Nigeria Football Federation (NFF) for financial assistance to undergo a corrective surgery that will enable him to father children. Johnson, a confirmed hermaphrodite, successfully underwent a sex change operation in the United States in 2004 with the support of the then Minister of the Federal Capital Territory, Mallam Nasir El-Rufai. This came after a series of failed attempts to correct the abnormality that led to him being dropped from the women’s national team.…

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‘Nigeria Needs New Leaders,’ Obasanjo Says Country Now Volatile, Dangerous

ADEOLA YUSUF

Obasanjo said, “Nigeria as it is now is volatile, uncertain, complex, ambiguous and dangerous.” Former President Olusegun Obasanjo on Saturday called for the emergence of a generation of what he referred to as transformational leaders. He spoke in Lagos at the Africa Methodist Council Heads of Conference Summit and Women’s Movement Leadership Summit, where he was the chairman of the public lecture. READ ALSO: Hajj 2024: How Lagos Male Pilgrim Died In Makkah – Board “Rankadede,” District Heads Pledge Loyalty To Sanusi Amid Legal Tussle I Once Was Disallowed To…

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Hajj 2024: How Lagos Male Pilgrim Died In Makkah – Board

ADEOLA YUSUF

+ His identity, burial   One of the Lagos State pilgrims for the Y2024 holy pilgrimage in the kingdom of Saudi Arabia, Mr. Oloshogbo Isiaka Idris has lost his life on his return from Tawaf (circumabulation) of the Holy Kaaba in Makkah, on Tuesday. The painful loss was disclosed by the Secretary, Lagos State Muslim Pilgrims Welfare Board, Mr. Saheed Onipede who revealed that the deceased, a 68 years old pilgrim from Shomolu Local Government, died while eating his food in the evening (after Solat Maghrib). Onipede emphasised that while…

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