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Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar

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Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar

 

 

 

The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar.

 

Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar

 

 

As at Tuesday, a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria (CBN) on some bold steps to take so as to shore up the value of the naira.

Part of the resolutions by the House was that the federal government should come up with a mechanism to reduce foreign trips for seminars and conferences by ministries and agencies adding that this should apply to states.

While stressing the need to strengthen security across the nation, the House also called on the CBN “to embark on sensitisation of Nigerians on the steps being taken by the apex bank to reduce the pressure on naira while informing on the expected roles of Nigerians at this time.”

The Assembly urged that depositors of dollars in banks can be engaged for an acceptable arrangement where such funds can be utilised by the government to help reduce pressure on the naira.

Speaker of the House, Rt. Hon. Mudashiru Obasa, who presided over the sitting, lamented the disparity between the dollar and naira while commending the CBN for taking some measures with the hope that such actions would yield positive results.

Dr. Obasa, who further commended the National Assembly for inviting the CBN governor for discussion recently, said: “In my opinion, the CBN and government should embark on sensitisation and information dissemination to make people understand what the government is doing.
The pressure on the naira is too much, but the CBN should make sure that national interest is supreme.”

Obasa urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira. According to him, this action could be sustained until the naira stabilises.

“To save the naira, the federal government and states can stop foreign conferences and seminars. If possible, we can bring the resource persons to Nigeria to deliver their lectures.
We all need to look inward to support the government.

“Locally, some people in Nigeria doing businesses demand dollars instead of naira. Even at parties now, you see people spray dollars instead of naira. We need a way out and to do this, we need the support of citizens. That’s the essence of sensitisation.

Speaking earlier under ‘Matter of Urgent Public Importance’, Hon. Femi Saheed (Kosofe Constituency 2), said the current naira-dollar disparity is the direct consequence of the policies of the Godwin Emefiele-led CBN.

According to him, the naira will gain strength if measures including fixing the nation’s refineries, strengthening the education and health sectors are taken.

“I think the current CBN governor should work on moral suasion to get people to pull out the dollars in their domiciliary account,” he said.

 

 

Lagos Assembly Suggests Ways To Strengthen Naira Against Dollar

Eromosele Ebhomele
Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

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FRN vs Ali Bello: Court Shifts trial till March 14, warns EFCC to be diligent in prosecution

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FRN vs Ali Bello: Court Shifts trial till March 14, warns EFCC to be diligent in prosecution

FRN vs Ali Bello: Court Shifts trial till March 14, warns EFCC to be diligent in prosecution

 

A Federal High Court in Abuja has shifted further trial in the charges against Ali Bello and Suleiman Daudu till March 14 with a
warning to the Economic and Financial Crimes Commission, EFCC, to be diligent in the conduct of the trial.

 

 

FRN vs Ali Bello: Court Shifts trial till March 14, warns EFCC to be diligent in prosecution

 

The Court, while granting accelerated hearing, threatened to close the charges against the defendants if the prosecution does not do due dilligence.

Justice James Omotoso, who issued the warning on Friday, asked the anti-graft agency to always get all its witnesses and exhibits ready on adjourned dates so as to avoid delay.

He warned that he would not tolerate lackadaisical attitude from any of the parties in the matter while shifting resumption of trial to March 14, 15, 20 and 21 .

Justice Omotoso also directed the defendants to keep further objections against the trial at abeyance, especially to the final address stage.

The Judge, who made this observation while ruling in a motion on notice filed by Suleiman Daudu challenging the amended charges, however, refused to quash the 17-count amended charge, involving alleged money laundering.

The court also declined to transfer the trial of the two defendants to Lokoja, the Kogi State capital, in line with the argument of the 2nd defendant through his counsel, Mr Jimoh Nureni, SAN, that since the alleged offence was committed in Lokoja, the proper and appropriate venue for trial should be at the Federal High Court in Lokoja.

The judge noted that the Federal High Court in Nigeria was one and that trial of any matter could be prosecuted in any of its divisions.

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Olabode Olawuyi:s Dedication, Passion Will Forever Serve As An Inspiration To Us All-NBCA

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Olabode Olawuyi:s Dedication, Passion Will Forever Serve As An Inspiration To Us All-NBCA

Olabode Olawuyi:s Dedication, Passion Will Forever Serve As An Inspiration To Us All-NBCA

 

 

 

The Nigeria Biodiversity Conservation Alliance (NBCA) has stated that the dedication and passion of Mr. Olabode Olawuyi, the late veterinary technologist killed by a lion at the Zoological Garden of Obafemi Awolowo University (OAU), would forever serve as an inspiration.

 

 

Olabode Olawuyi:s Dedication, Passion Will Forever Serve As An Inspiration To Us All-NBCA

 

NBCA stated this in a statement released on Wednesday, February 21, adding that Olawuyi’s dedication to his chosen field shone for all to see.

In the statement signed by Mr. Dipo Bali, NBCA said that it was deeply saddened by the tragic passing of Olawuyi, who was the former Public Relations Officer for the National Zoological Agency (NAZAP).

“In memory of Mr. Olabode Olawuyi, we pledge to redouble our efforts towards promoting responsible wildlife management practices and fostering a robust safety culture within the zoological and animal care fields. His dedication and passion will forever serve as an inspiration to us all.”

The group which described the deceased as a pillar of the Nigerian zoological community, also noted that he was lauded for his unwavering commitment to wildlife conservation and exceptional service.

“He had dedicated years to the OAU Zoological Garden, providing exemplary care to its resident lion, whom he had nurtured since its birth. NBCA acknowledges the ongoing investigation into the circumstances surrounding Mr. Olawuyi’s passing.

“We extend our deepest condolences to his grieving family, friends, and colleagues at OAU during this difficult time. Our unwavering support stands with them as they navigate this profound loss.

“As an organization dedicated to wildlife protection and preservation in Nigeria, we recognize the inherent risks associated with working with wild animals. We remain steadfast in advocating for the strictest adherence to safety protocols and established guidelines to ensure the well-being of both wildlife caretakers and the animals under their care.*

Also, NBCA said that it remains committed to closely monitoring the situation and collaborating with relevant authorities to prevent similar tragedies from unfolding in the future, while also extending its unwavering support to the OAU Zoological Garden and its staff during this period of immense loss.

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Teon Engine Revolutionizes African Marketing with Data-Driven Innovations

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Teon Engine Revolutionizes African Marketing with Data-Driven Innovations

Teon Engine Revolutionizes African Marketing with Data-Driven Innovations

 

 

Teon Engine, the innovative Nigerian arm of Precise Platforms (a leading marketing communications company in Nigeria), is shattering outdated traditional marketing strategies with its intelligent, data-driven solutions. Forget dusty old playbooks – they’re throwing open the doors to a new era of “Turning on the Market” through creativity and cutting-edge technology.

 

Teon Engine Revolutionizes African Marketing with Data-Driven Innovations

 

 

Nestled in the heart of Lagos’ vibrant tech hub, Teon Engine doesn’t just talk innovation, it embodies it. Its arsenal? The Teon Suites, a suite of meticulously crafted tools designed to empower brands at every stage of their marketing journey. This isn’t just storytelling, it is storyselling.

Its comprehensive suite of “MarTech” solutions is designed to empower brands across every stage of the marketing journey. One of such is the TrendTeon. This innovation isn’t the average social listening tool. TrendTeon acts as a campaign aggregation platform, facilitating direct connections between brands and influencers. Forget sifting through endless profiles – both parties can easily find ideal partners, streamlining collaboration and maximizing efficiency. https://trendteon.com

PollTeon, another innovative tool from Teon Engine is designed to crave audience insights. PollTeon serves as your opinion-gathering powerhouse. Craft engaging polls, collect valuable data, and analyze results with ease. It also enables users to share their findings seamlessly and gain a deeper understanding of their target audience. https://pollteon.com

On the other hand, SurveyTeon enables users to dive deeper with and positioned to be a researcher’s dream tool. It designs dynamic surveys with diverse question types, gather high-quality data, and extract meaningful insights to inform your next steps. https://surveyteon.com

The Teon Suites are more than just tools. Teon Engine’s power lies in its combination of technology and human expertise. Funke Ogunsina, Chief Operating Officer, highlights this transformative approach: “Teon Engine represents a paradigm shift in African marketing communications. We blend cutting-edge technology with deep strategic expertise, empowering brands to unlock their full potential and truly ‘Turn on the Market’.”

Ogunsina emphasizes Teon Engine’s commitment to pushing boundaries saying “We operate under the ‘FURTHER FORWARD’ ideology, constantly pushing boundaries and unlocking new possibilities for clients. Marketing communication needs continuous reinvention, and we’re here to lead the charge.”

Teon Engine is already making waves, partnering with Prof Tunji Azeez an astute professor in LASU, Marketing Edge the leading marketing news platform in Nigeria and so many other collaborations and partnership are in the works and will be announced subsequently. With its data-driven approach, powerful tools, and dedication to growth, Teon Engine is poised to be a game-changer in the African marketing landscape. They’re not just telling brand stories, they’re empowering brands to become active participants in the conversation, one click, one insight, one connection at a time.

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