Metro

Metro

Aug
26
2024
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By Dairy News
Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Breaking, Economy, Metro
The Nigerian Naira suffered a significant decline, losing N72.58 against the US dollar in July 2024, according to the FMDQ financial market report. The foreign exchange turnover skyrocketed to $7.39 billion, representing a 10.02% increase from the previous month. In Naira terms, the FX turnover stood at N11.48 trillion, surpassing the N10.01 trillion traded in June. The Naira's depreciation led to an exchange rate volatility increase, with the local currency trading between N1,500.32 and N1,621.12 per dollar, compared to the previous month's range of N1,473.66 to N1,510.10 per dollar. Despite the Central Bank of Nigeria's efforts, the Naira's value against…
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Aug
26
2024
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By Dairy News
Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Breaking, Economy, Metro, Opinion, Politics, ,
The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, has appealed to President Bola Tinubu to reassess his economic policies, citing the escalating hardship faced by Nigerians. Speaking at the 2024 Second Plenary Assembly of the CBCN in Auchi, Edo State, Ugorji emphasized that the current economic policies have caused more harm than good. Ugorji, also the Archbishop of Owerri, acknowledged that the socio-economic challenges facing the nation cannot be resolved by economic reforms alone. He advocated for a return to a regional system of government to combat corruption and address the nation's problems.…
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Aug
23
2024
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By Dairy News
Tinubu Appoints Kekere-Ekun as Acting Chief Justice of Nigeria

Tinubu Appoints Kekere-Ekun as Acting Chief Justice of Nigeria

Breaking, Metro, Politics,
President Bola Ahmed Tinubu has sworn in Justice Kudirat Kekere-Ekun as the acting Chief Justice of Nigeria (CJN), following the retirement of Justice Olukayode Ariwoola. The ceremony took place at the Council Chamber of the State House, Abuja, on Friday. Kekere-Ekun's appointment is subject to Senate confirmation, which would make her the 23rd CJN and the second female to hold the position. She succeeds Justice Ariwoola, who retired after reaching the mandatory age of 70 years, having assumed office on June 27, 2022. President Tinubu had earlier thanked Justice Ariwoola for his dedicated public service. The appointment of Kekere-Ekun marks…
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Aug
23
2024
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By Dairy News
NDLEA Secures 302-Year Prison Sentence for 19 Drug Traffickers

NDLEA Secures 302-Year Prison Sentence for 19 Drug Traffickers

Breaking, Metro
The National Drug Law Enforcement Agency (NDLEA) has announced the conviction and sentencing of 19 drug traffickers, including three kingpins, to a total of 302 years in prison. The convictions were secured through diligent prosecution by the NDLEA, following arrests made between July 1 and 31, 2024. The three kingpins, Bolanle Lookman Dauda, Ikeh Stanley Ifeanyi, and Christian Anyanwu, were sentenced to 21, 14, and 16 years in prison, respectively. Dauda was arrested while attempting to transport drugs to Ghana, while Ifeanyi was caught with 1,100 ampoules of fentanyl at the Idumota market in Lagos. Anyanwu was arrested with 1.4…
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Aug
20
2024
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By Dairy News
“Don’t Distract Otti with Talks of APC, 2027” – “Ikenga Gburugburu” Cautions Deputy Speaker, Ben. Kalu

“Don’t Distract Otti with Talks of APC, 2027” – “Ikenga Gburugburu” Cautions Deputy Speaker, Ben. Kalu

Metro, Opinion, Politics, , ,
The Ikenga Gburugburu of Ohafia Ancient Kingdom and President of United Abia Artists and Patriots (UAAP) feels compelled to address the recent utterances of Deputy Speaker Rt. Hon. Benjamin Kalu, which threaten the fabric of our democracy. We urge him to desist from making undemocratic statements, as Nigeria is not a one-party state. We reject the notion that every governor must come from the APC simply because the party holds power at the center. This idea contradicts democratic principles and the rule of law. There is no law in Nigeria mandating governors to come from a particular party. The APC's…
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