Top 10 Strongest Currencies in the World
But realistically, it is not the strongest currency in the world. In this article, we’ll discuss the strongest currencies with a brief history of each. United States Dollar (USD)As I mentioned earlier, the United States dollar is the most traded currency globally. 10 on the list of strongest currencies in the world as of today. As one of the strongest currencies in the world, 1 US dollar equals 0.87 Swiss Francs, at the moment.
Source:Nigerian Tribune
February 28, 2024 16:59 UTC
Reps rejects bill proposing 50% votes to win presidential, governorship elections
Sponsored by Awaji–Inombek Abiante, a lawmaker from Rivers State, the bill sought to amend the current simple majority system used to elect presidents and governors in Nigeria. ADVERTISEMENTSection 134 of the Constitution outlines the electoral requirements, emphasising both a majority vote and at least one-quarter of votes in two-thirds of all states for presidential candidates, with similar provisions for gubernatorial candidates. Despite the significance of the proposed changes, the bill faced a swift rejection on the floor of the House of Representatives. As soon as the bill was presented by Abiante and seconded by another member, Speaker Tajudeen Abbas called for a voice vote. The bill was met with resounding opposition, with more "nays" than "ayes," leading to its immediate rejection without debate.
Source:The Guardian
February 28, 2024 16:25 UTC
FG to issue executive order against rising cost of pharmaceuticals — Pate
The Coordinating Minister of Health and Social Welfare, Prof Muhammad Ali Pate, has said an executive order will soon be issued to curb escalating drug prices in the short term in the country. Pate further said the mid to long-term goal involves the domestication of imported drugs within the next three years, in collaboration with the Ministry of Trade. “This visionary project, commenced in October 2023, is slated for completion in March 2024, with a scheduled commissioning in April 2024. “The implementation of WMIS is expected to significantly enhance accountability and transparency, ensuring the potency of public health medicines and other health commodities. This infrastructure development aligns with our commitment to improving health outcomes for citizens nationwide.”“Furthermore, the government has taken strides in advancing healthcare data management.
Source:Nigerian Tribune
February 28, 2024 15:13 UTC
50th Anniversary: PUNCH Photo exhibition opens today, Soyinka speaks Thursday
A three-day photo exhibition, as part of events marking the 50th anniversary of PUNCH newspapers, opens in Lagos Wednesday, with a former Commissioner for Tourism, Arts and Culture in Lagos State, Steve Ayorinde, as curator. Following the photo exhibition is the distinguished public lecture to be held on Thursday, 29 February, at the Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos. The lecture is expected to play host to leaders from the public and private sectors. Nobel Laureate, Wole Soyinka, will deliver the anniversary lecture. The renowned playwright, novelist, poet and essayist is expected to deconstruct an important issue of national discourse.
Source:Punch
February 28, 2024 13:56 UTC
Punch Newspapers
Olu Aboderin Street, Onipetesi, Ikeja, LagosPUNCH, Nigeria’s most widely read newspaper, and publishers of The PUNCH, Saturday PUNCH, Sunday PUNCH and PUNCH Online, ran its business from Olu Aboderin Street, then Kudeti street, Onipetesi, in Ikeja, Lagos. In October 2009, it moved to its imposing permanent headquarters on Kilometer 14, Lagos-Ibadan expressway, Magboro, Ogun state.
Source:Punch
February 28, 2024 11:42 UTC
TTP awaits approval to deploy e-tags at Lagos ports | The Guardian Nigeria News - Nigeria and World News
The company said this latest innovation will help to streamline truck movements within the Lagos ports, improve security and access control as well as prevent illegal crisscrossing of trucks between terminals. He said Nigeria’s social and economic challenges present a fertile ground for innovation, adding that TTP has seized the opportunity to leverage technology to address these challenges. According to him, the company was established in 2017 to revolutionise the maritime and logistics sector in Nigeria through truck mobility solutions powered by technology. Onwubuariri further noted that the company recognises the importance of strategic partnerships with both private and public-sector players in the maritime, infrastructure, and technology subsectors. According to him, these partnerships will enable TTP to deepen its value-adding services and contribute further to the growth and development of the industry.
Source:The Guardian
February 28, 2024 08:10 UTC
How to Increase Your Income in 2024
In 2024, many individuals aspire to increase their income and achieve greater financial stability. Whether you’re aiming to pay off debt, build savings, or pursue your dream lifestyle, increasing your income is a pivotal step toward achieving your financial goals. In this article, we’ll discuss some ways you can make more money in 2024, which will pave the way for greater financial freedom and prosperity. Additional Income StreamsDiversifying your income streams is a smart way to increase your earnings and mitigate financial risk. Maximize Your Existing AssetsYou can maximize your existing assets to generate passive income and increase your overall earnings.
Source:Nigerian Tribune
February 28, 2024 07:49 UTC
Guns for everyone, what does the law say?
In recent times, there have been calls that people be allowed to defend themselves in the face of rising insecurity. Indeed, a senator proposed a bill that will enable civilians to own and carry firearms for the purpose of self-defense. While the bill has not gotten to first reading, legally, there are a number of implications that may arise if it is passed into law. What is the current position of the law on gun possession? It is also illegal in Nigeria for civilians to invest in any business relating to arms and ammunition.
Source:Nigerian Tribune
February 28, 2024 05:17 UTC
PUNCH@50: Celebrating five decades of news, memories
It is celebration galore as PUNCH Nigeria Limited, publishers of the most widely read The PUNCH, Saturday PUNCH, Sunday PUNCH and PUNCH Online clocks 50. I covered different beats such as crime/police, general beat, and religion, among others, before I was transferred outside the head office. There was a case that happened when I was still PUNCH’s Oyo State correspondent that I keep remembering. I had the opportunity to make this point when Chief Ogunshola said he called because he had an assignment for me. He introduced me in that same way to many influential persons including the late Senator Abiola Ajimobi, the then governor of Oyo State.
Source:Punch
February 28, 2024 03:57 UTC
Oyo Assembly chides foodstuff sellers over hoarding, excessive profit making
As solutions are being sought to the present high cost of food items, the Oyo Assembly has chided some sellers who hoard in anticipation of further price increases and those keen on excessive profit making. This is as he admonished the state government to procure food items directly from the farmers and sell at subsidized rates. The duo of Honourables Adebayo Babajide (Ibadan North 2), Comforter Olajide (Ibadan North 1) queried the implementation of the state’s Sustainable Action for Economic Recovery (SAfER) intervention in terms of the modalities of distribution and whether it was truly getting to the intended beneficiaries. Deputy Speaker of the Assembly, Honourable Abiodun Fadeyi, who presided over the plenary, said the Assembly would invite the SAfER committee to explain how funds were being disbursed. The Assembly also urged the executive arm to task the market leaders to desist from hoarding of food items.
Source:Nigerian Tribune
February 28, 2024 00:48 UTC
Manufacturer decries poor infrastructure, difficult regulatory process
Apparently worried by the lip service being paid to the issue of doing business, the Chief Executive Officer, Chemstar Group of Companies, Dr Remi Awode, has decried the poor state of infrastructure in the country, saying it is inhibiting businesses. Bemoaning the situation, he explained that industrialists and entrepreneurs are faced with challenges ranging from poor infrastructure, difficult regulatory procedures and environment to corruption. He appealed to the Lagos State governor, Mr Babajide Sanwo-Olu, to work with professionals like town planners to critically look into the subject of discussion. “It is our desire that Lagos State grow in leaps and bounds,” he said. It would be my desire and that of the public to see an end to this.”He congratulated Adedire, ATOPCON Executives and committees that were being inaugurated.
Source:Nigerian Tribune
February 27, 2024 17:52 UTC
Nigeria lose as Rwanda lead NCF T20i cricket tourney
Former champions Rwanda made it two wins in two matches at the ongoing Nigeria Cricket Federation Women’s T20i invitational tournament, after beating Sierra Leone by 10 wickets on Monday at the Tafawa Balewa Cricket Oval in Lagos, PUNCH Sports Extra reports. Leonard Nhamburo’s ladies, who beat debutants and the highest ranked team, Tanzania, by 33 runs on Sunday also inflicted Sierra Leone’s second defeat on them. That gave Rwanda some light work in the second innings as they needed just 5.5 overs to reach the 58 runs target for no loss. Sierra Leone are still without a win after two matches. The teams will return to action on Wednesday with Nigeria and Rwanda renewing their rivalry, while Tanzania will hope to extend their lead against Sierra Leone.
Source:Punch
February 27, 2024 15:54 UTC
Lawmakers’ salaries too small for job responsibilities -Deputy Speaker
The Deputy Speaker of the House of Representatives, Benjamin Kalu, on Monday said the current salaries of federal lawmakers cannot take them home to do the jobs they were elected to do. The deputy speaker spoke when he featured on Channels Television’s ‘Politics Today’ on Monday. Kalu said, “At the moment, talking about the salary of the National Assembly. “So talking about the salaries of the National Assembly, it is a far cry from what is supposed to be. In reducing the cost of running government, the need for it cannot be overemphasised,” he stated.
Source:Punch
February 27, 2024 14:53 UTC
4 countries going through recession in 2024
Economic recession is a challenging phase for any nation, impacting livelihoods, businesses, and overall prosperity. Several factors contribute to a country slipping into recession, including economic policies, global market trends, and internal socio-political dynamics. Here, we’ll explore four countries currently experiencing economic recession, shedding light on the causes and potential implications. United KingdomThe United Kingdom has entered a technical recession with two consecutive quarters of negative economic growth. The recession poses political challenges for Prime Minister Rishi Sunak ahead of the anticipated 2024 national election.
Source:Nigerian Tribune
February 27, 2024 13:24 UTC
N30bn allowance: Akpabio makes a u-turn, apologises to govs
The President of the Senate, Godswill Akpabio, has apologised to the state governors over his comment on the N30bn hardship allowance allegedly given to them. In response to the Senate President, some governors, like Seyi Makinde of Oyo State refuted the claim. Makinde said, “This is not the time to play politics, as we have real issues that deserve real solutions. “The unfortunate conjectures to take away the kernel in the material facts of FAAC payment are rather regretted. He, therefore, urged the sub-national governments not to be distracted by any misunderstanding of the context and true meaning of the statement.
Source:Punch
February 27, 2024 10:15 UTC