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Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said. As at the close of work yesterday, the naira traded for N700/$1 at the parallel market and N415.96/$1 at the official market. The CBN explanation was given in report that was released yesterday. NNPC and its subsidiaries are the sole managers of crude oil which accounts for more than 80 per cent of Nigeria’s Foreign Exchange (forex) earnings. On Tuesday, an abridged communique of the Federation Account…

Abia State governor, Okezie Ikpeazu, has approved the cancellation of the monthly clean up exercise in the state ahead of July 31, 2022 deadline given by the Independent National Electoral Commission INEC for the conclusion of the continuous voters registration exercise. Barr. Chris Ezem, Secretary to Abia State Government, in a statement quoted the governor as approving the cancellation of the monthly clean up excise schedule for Saturday 30, July 2022, to enable those that are yet to obtain their permanent voters card to use the period to do so before the expiration of the deadline. The release added, “The…

The Chief of Army Staff, Lt.-Gen. Faruk Yahaya, has approved the posting and appointment of some top officers to command, instructional and staff positions across formations and units amid the recent attacks by terrorists across the country. The appointments were announced in a statement issued by the Director, Army Public Relations, Brig.-Gen. Onyema Nwachukwu, on Thursday in Abuja. Nwachukwu said the new postings and appointments were made in an effort to reposition the army for operational efficiency. According to him, those affected in the redeployment include some Principal Staff Officers of the Army Headquarters, General Officers Commanding, Corps Commanders, Commandants…

The immediate past Minister of State for Education, Chukwuemeka Nwajiuba, and a group, Incorporated Trustees of Rights for All International, have filed an originating summons before a Federal High Court in Abuja seeking an order declaring Nwajiuba as the authentic Presidential candidate of the APC. The plaintiffs are also praying for the cancellation of the votes garnered by the Presidential candidates of the All Progressives Congress, Bola Tinubu; and the Peoples Democratic Party, Atiku Abubakar. The first to sixth defendants in the case with suit number FHC/ABJ/CS/942/22 are: the APC, the PDP, Tinubu, Atiku, the Attorney-General of the Federation and…

Some soldiers were feared killed when Boko Haram terrorists raided a military checkpoint around Zuma rock in Niger State, on Thursday night. The area close to Madalla town in the state is few meters away from Zuba along the Abuja Kaduna highway. A source told Daily Trust that the attackers arrived at the spot some minutes after 7pm and opened fire immediately. “They took control of the area for about 30 minutes and kept on shooting before heading towards Kaduna axis of the expressway,” the source said. About 20 minutes after the terrorists left, solders from Zuma Barracks rushed to…

The Presidential candidate, Peter Obi, on Thursday, attended the event where Archbishop Daniel Okoh was unveiled as the new President of the Christian Association of Nigeria. Okoh, the General Superintendent of Christ Holy Church International, Onitsha, emerged as the new spiritual leader of CAN, after getting a 100 per cent vote of all 259 delegates who participated in its 12th General Assembly and is expected to serve a single five-year term. Sharing photos from the event, Obi said, “A while ago, I spoke at the CAN leadership transition event. I asked Nigerians to continue praying for God to give Nigeria…

The Senator representing Kogi West Senatorial District, Smart Adeyemi, has reacted to the impeachment threat made by the opposition lawmakers over the worsening insecurity in the nation. THE WHISPERER reports that the lawmakers had threatened to commence impeachment proceedings against President Muhammadu Buhari should he fail to address the insecurity within six weeks. The Minority Leader of the Senate, Senator Philip Aduda, made this known on Wednesday while briefing journalists at the Press Center of the National Assembly in Abuja. In a chat with reporters on Wednesday, Adeyemi dismissed reports that the six weeks ultimatum for the president to address…