LOCAL NEWS

Local News Segment - Weekly News Update 📝📰🗞️📊📈📉


✍️Court Nullifies Rivers’ N800bn Budget Passed By Pro-Fubara Lawmakers 22/01/24

Justice James of the Federal High Court in Abuja has nullified the N800 billion budget passed by a faction of the Rivers State House of Assembly and signed into law by Governor Siminalayi Fubara.Fubara had on Thursday, December 14, 2023, signed the N800 billion 2024 budget into law, barely 24 hours after it was presented to a four-man House of Assembly for approval.

✍️Ogun Assembly Speaker, Kunle Oluomo, Impeached 23/01/24

The Speaker of the Ogun State House of Assembly, Kunle Oluomo, has been impeached.Oluomo was impeached during Tuesday’s plenary session.Out of the 26 members, 18 voted in favour of Oluomo’s impeachment, citing charges of embezzlement, haughtiness, and other offenses.Following the impeachment, the Assembly promptly elected Oludaisi Elemide as the new Speaker.

✍️Poor Power Generation Linked To Gas Supply Hiccup 24/01/24

Present complaints arising from poor electricity supply across various networks controlled by Electricity Distribution Companies(DisCos) have been linked to inadequate gas supply to thermal power stations. This is as a report shared by the International Energy Agency (IEA), indicated that Nigerians experienced blackouts more in 2023.

✍️Naira Strengthens 5.1% Against US Dollar In Official Market 24/01/24

The naira on Tuesday exhibited resilience in the official foreign exchange market, closing 5.1% stronger against the US dollar at N878.61/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM).This marked a significant improvement compared to the previous day’s rate of N925.34/$1.However, the naira faced challenges against other major currencies, with a decrease of N34.60 against the Pound Sterling, closing at N1,163.87/£1, and a loss of N26.36 against the Euro, settling at N996.05/€1.

✍️Construction Of Fourth Mainland Bridge To Begin In April — Sanwo-Olu 25/01/24

The Governor of Lagos State, Babajide Sanwo-Olu, announced on Thursday that the construction of the long-anticipated Fourth Mainland Bridge will begin in the first quarter of this year, likely by the end of March or April.

✍️Nigeria, India Renewable Energy Cooperation To Strengthen Bilateral Ties 25/01/24

Nigeria and India have signed a cooperation agreement on renewable energy to boost trade and investment, expand economic relations and strengthen bilateral ties. The Commission reviewed the decisions of the 5th Joint Commission as well as the entire scope of bilateral relations between the two countries as both Ministers emphasized the significance of the Sixth Session with the aim of expanding economic interaction.

✍️Nigeria, Morocco fast-track talks on $30bn gas pipeline 26/01/24

The Federal Government has intensified discussions with the Kingdom of Morocco in a bid to fast-track the process of achieving the Final Investment Decision on the $30bn Nigeria-Morocco Gas Pipeline.

✍️Gas Production, Commercialisation, Industrialisation Projects Remain Federal Govt’s Priority – Ekpo 27/01/24

Minister of State Petroleum Resources (Gas) Ekperikpe Ekpo on Friday met with a delegation of promoters and top officials of Brass Petrochemicals and Gas project to be located in Bayelsa state. He restated the commitment of the federal government in supporting private sector investments geared at unlocking the gas potential of the country for the overall benefit of the economy and citizens, a statement by the minister’s spokesman, Louis Ibah, indicated.

✍️Ahmed Usman Ododo’s Inauguration as Governor of Kogi state on 27/01/24

The All Progressives Congress (APC) candidate, Ahmed Usman Ododo, was sworn in as the 5th elected governor of Kogi State at an elaborate event after the disputed November 11, 2023 Governorship Election in Kogi State. The event was attended by Nigeria’s vice president, Kashim Shettima, among other guests from within and outside the State. 

✍️FG’s To Boost Local Production Of Medical Equipment 27/01/24

In a strategic move to enhance local production capabilities and address the challenges posed by the departure of foreign manufacturing companies, the federal government has initiated a process to improve the production of syringes, needles, and other essential medical equipment within Nigeria.This significant development was revealed during a meeting in Abuja attended by key stakeholders, including members of the Medical Device Manufacturers Association of Nigeria.

✍️DBN Encourages MSMEs To Embrace Tech For Growth 28/01/24

The Development Bank of Nigeria, (DBN) has buttressed the need for Micro, Small, and Medium Enterprises (MSMEs) to adopt digital transformation considering the evolving global business environment and the need for industries to adapt through the adoption of new digital technologies.


Compiled by,

 Mabel💞


Comments

Post a Comment

Popular posts from this blog

10 Ways to identify an OAU International relations student

 By Lawal Shereef The noble department of International relations in OAU has long been a hotbed for future diplomats in Nigeria as it is one of the few departments which offers pure International relations in the country. The department which produces Graduates trained to take on 'internationally' designated posts/jobs can boast of producing countless numbers of now-successful  men/women in their respective fields. Meanwhile,successive sets of students have evolved an image for the department,setting trends which are now consistent with that of the discipline itself.  We will be discussing these tendencies which can be easily attested to by both past and current students of the department; They ' hate ' mathematics   This might be the most glaring trait of an OAU International relations student. IR students are OAU-wide renowned for their dislike for Social sciences courses,SSC 105 & 106. This can be noticed in their deliberate absence in 'SSC' classes,their...
Read more

Stages all OAU International relations students can't deny

Image
Lawal Shereef  Being a student of International relations at the prestigious Obafemi Awolowo University is a flex on its own but it has some hidden behind the scenes feelings and headaches that comes with it but is usually ignored. Join us on this adventure to uncover them; When you searching for schools offering International relations before JAMB When you are finally admitted When you resume and everyone is hyping your course You in part 1 You after taking courses in the humanities/Faculty of Arts You wondering how OAU exams will be for the first time READ MORE!!;  10 ways to identify an OAU International relations student Your friends at home when you start bragging about OAU and you being a Diplomat in the making in the only public Uni that offers pure IR in Nigeria You when your friend hails you but you just calculated your GP After facing the Almighty Social Scienc...
Read more

BOOK REVIEW "The psychology of money"

Image
"The psychology of money"by Morgan Housel        The book is a captivating exploration of the complex relationship between our minds and money. Housel brings to limelight the psychological biases and behaviors that influence our financial decisions, offering insights that are both practical and profound. He discusses how our emotions, instincts, and past experiences shape our attitudes towards money, often leading to irrational choices and unexpected outcomes.      One key theme in the book is the importance of understanding the difference between being rich and being wealthy. Housel argues that true wealth is not just about having a large bank account, but rather about achieving financial security and freedom. He emphasizes the value of investing in experiences, relationships, and personal growth, rather than just accumulating material possessions.       Another highlight is Housel's exploration of the concept of risk and uncertainty in...
Read more