Author: Drum Africa
Commentary on the Foreign Exchange (FX) market with data for the week-ended June 28, 2019. The Small and Medium-scale Enterprises (SMEs) and the Retail (Invisibles) segment ▪In the Investors’&Exporters’(I&E) FX Window, the total value of trades for the week-endedJune ▪The Central Bank of Nigeria (CBN) intervened through its periodic supply of United States (US) dollars in the FX market, offering a total of $100.00 million to the Secondary Market Intervention Sales (SMIS) Wholesale window on June 25, 2019. The apex bank sold $55.00 million each to both 21, 2019, closed at $1.03 billion, representing an increase of 4.04% ($0.04…
Jigawa State Independent Electoral Commission has announced the All progressives Congress, APC, as the winner of all the 27 LG chairman elections. This information was released in a press statement by the state JISIEC chairman, Alhaji Muhammad Ahmad. He commented on the election, which was conducted among seventeen different political parties, was devoid of chaos and in accordance with state electoral guidelines of the commission. He also further expressed his heartfelt gratitude to political parties, security agencies, election observers for their contributions towards the peaceful conduct of the election. Below are the list of the elected local government chairmen: Auyo…
The primary role of the Chief Whip is to get the Government’s business through the Assembly, and in particular to secure the Government’s majority in votes on its legislative and policy programs. The Government Chief Whip attends Cabinet, and is responsible working with the Business Minister for timetabling and securing the passage of LCO’s & Measures through the Assembly and working to successfully completing the Government’s legislative programme. The Government Whip’s main tools in achieving this are the management of AMs’ attendance in votes and the persuasion of members to vote with the government. The Chief Whip not only operates…
Today, Hon. Benjamin Okezie Kalu, the member representing Bende Federal Constituency and also the first House Member to move a motion in the 9th Assembly, felicitated with the senator representing Abia North, Sen. Orji Kalu on his emergence as the Chief Whip of the Red Chamber The member representing Bende Federal Constituency, Hon. Benjamin Kalu has felicitated with the senator representing Abia North Senatorial District, Dr Orji Uzor Kalu on his emergence as the new Chief Whip of the Upper Legislative chamber. One of the duties of the Chief Whip is to bring about decorum in the Senate. This according…
Recently, the probe on the case of Mrs, Diezani Alison-Madueke, a former Nigerian Ministerjust took a different turn as United Kingdom investigators arrive Nigeria. Reports from THE NATION have it that the detectives have met with officials of the Economic and Financial Crime Commission (EFFC). Thus far, there have been evidences of N47.2 billion and $487.5 million to the ex-minister who was arrested on the 2nd of October, 2015, but been restricted to the UK with her probe costing fortunes. The agency further alleged that Diezani has N23,446,300,000 and $5 million (about N1.5 billion) in various banks in Nigeria. The…
Recently, the attention of Media onlookers were drawn to the ‘mass sack saga’ which befell all council workers given employment from April 2016 in Adamawa State, Nigeria. Adamawa State Governor’s Director-General, Media and Communications, Mr. Solomon Kumangar had this to say on behalf of Gov. Ahmadu Fintiri while describing the news as ‘erroneous’ : “It has become pertinent to draw the attention of the public to the misleading and erroneous information making the rounds to the effect that Gov. Ahmadu Umaru Fintiri, has sacked Local Government workers recruited from April 2016. He added that The information is totally baseless, unfounded and untrue.…
The Federal High court, Abuja per Justice Inyang Ekwo has dismissed a suit filed against the Speaker of the House of Representatives, Hon. Femi Gbajabiamila. Note that on the 21st Day of May, 2019, one Mr Phillip Undie, the Plaintiff filed a suit praying the court to sack Gbajabiamila as a member of the House of Representatives and stop him from contesting the leadership of the lower legislative chamber. The Plaintiff Mr Philip Undie claimed that Rt. Hon. Femi Gbajabiamila was convicted for fraud and dishonesty by the Supreme Court of the State of Georgia in the United States of…
An event organized by the Lagos State Governor, Babajide Sanwo-Olu to celebrate Hon. Femi Gbajabiamila on his election as Speaker of the House of Representatives was held yesterday at Eko Hotel, Victoria Island, Lagos. The event had in attendance, APC national leader, Bola Ahmed Tinubu. Also present were several Honourable members of the 9th House of Representatives and other political leaders. Hon. Benjamin Kalu, member of the House of Representatives for Bende Federal Constituency was also spotted with the Jagaban, Tinubu.
The 9th House of Representatives today passed their first motion moved by Hon. Benjamin Kalu. The motion of the Member representing Bende Federal Constituency was titled “URGENT NEED TO COMBAT THREATENING ENVIRONMENTAL DEGRADATION IN NKPA, BENDE, ITUMBAUZO, ALAYI, ETC. and was moved as a matter of urgent public importance. The motion decried the harsh conditions that indigenes of Nkpa, Bende, Alayi, Item, Umuhu, Itumbauzo and others were made to live in due to the devastating effects of erosion. The urgent intervention of FERMA, NEMA, NDDC and other relevant ministries and agencies was requested in the proposed resolutions. The motion turned…
June 12 has in the past 26 years become a very remarkable date in the annals of our history as Nigerians. This date prior to this moment has been more popular only within the confines of South Western Nigeria where the late Chief MKO Abiola, the winner of the annulled June 12 1993 election hails from. The historical value of this date was just last reinforced by the declaration of the day as the national democracy day by the federal government in honour of the late MKO Abiola and the passage into law the date as a national public holiday.…