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April 29, 2024 Senate Calls for Concerted Efforts to Sustain Naira Stability
IFMUYONEWS

Senate Calls for Concerted Efforts to Sustain Naira Stability

the Nigerian Senate through its Committee on Finance has called for concerted efforts by all relevant stakeholders to rescue and sustain the stability of the naira.

 

The naira persisted in its decline against the US dollar within the official exchange framework, concluding at 1,309.88 naira on Thursday, April 25.

 

However, the naira, last week, recovered against the US dollar at the parallel market but began to depreciate again.

 

In a statement issued by the Chairman of the Committee, Senator SANI MUSA (APC, Niger East), said there was an urgent need for concerted efforts at tackling the instability and continuous depreciation of the naira.

April 29, 2024 Akwa Ibom State Assures Citizens of Effective Security Along The State’s Coastlines
IFMUYONEWS

Akwa Ibom State Assures Citizens of Effective Security Along The State’s Coastlines

The Akwa Ibom State Government has reaffirmed its commitment to ensuring effective security along the State’s vast coastline.

 

This was disclosed by Governor UMO ENO, at the 35th Passing Out Parade of the Nigerian Navy Basic Training School in Onne, Rivers State.

 

Represented by the Deputy Governor, Senator AKON EYAKENYI, Governor ENO said that the recently donated fourteen patrol gun boats to security agencies in the State underscores his administration’s readiness to partnering with the various security agencies, including the Navy, to combat crimes in the waterways.

 

Addressing the trainees, Governor Eno urged them to uphold the tenets of their training and represent the Navy well. He encouraged them to utilise their skills and experiences to contribute to the fight against crimes affecting the country’s coastal regions.

 

On his part, the Minister of State for Defence, Dr. BELLO MUHAMMED MATAWALE, emphasized President TINUBU’s expectation of loyalty and patriotism from the trainees, urging them to develop their competency beyond the camp trainings.

 

While highlighting the importance of the training in enhancing the fight against oil bunkering, pipeline vandalism, human trafficking, and other maritime crimes within Nigeria’s territorial waters and the Gulf of Guinea, the Minister further admonished the trainees to adhere to the principles of the Nigerian Navy.

April 26, 2024 Harvey Weinstein’s Rape Conviction Overturned for Lack of “Fair Trial”
IFMUYONEWS

Harvey Weinstein’s Rape Conviction Overturned for Lack of “Fair Trial”

The case involving a 72 year old Hollywood star, HARVEY WEINSTEIN, who was convicted of rape in Los Angeles in 2020has been overturned in New York on the basis that he did not receive a fair trial.

 

The New York Court of Appeals said prosecutors in the pivotal #MeToo case called witnesses whose accusations were not part of the charges against him.

The decision also said the trial judge compounded the error by letting WEINSTEIN to be cross-examined in a way that portrayed him in a “highly prejudicial” light.

 

While 72 year old WEINSTEIN remains in prison, lawyers for the victims said the decision to retry the case was tragic and a leap backwards.

April 26, 2024 Federal Government to Integrate More People Into the Banking System
IFMUYONEWS

Federal Government to Integrate More People Into the Banking System

the Federal Government has revealed its plan, to integrate over 20 per cent of unbanked Nigerians into the banking system.

 

Vice President KASHIM SHETTIMA revealed this at the beginning of a two-day National Stakeholders’ Workshop, on Economic and Financial Inclusion in Abuja focusing on how to integrate the unbanked Nigerian population into the formal financial system in Nigeria.

 

SHETTIMA, who noted that over 20 per cent of Nigerians are currently excluded financially, said the government was targeting to reduce that number to a minimum of five per cent.

 

At the event, the 14th Emir of Kano and former Governor of the Central Bank of Nigeria, SANUSI LAMIDO, said banditry and other security challenges in Nigeria can be attributed largely to financial exclusion, as many rural dwellers have no access to efficient payment systems

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