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Among the five anglophone members of ECOWAS, which are Nigeria, Sierra Leone (N0.061/1SLL), Liberia (N6.28/1 LRD), Ghana (N96.50/1GHC), and Gambia (N17.71/1GMD), Nigeria’s naira value is the fourth-lowest value despite being Africa’s largest economy. While Ghanaians find optimism in the robust Cedi-Naira exchange, Nigerians, presiding over Africa’s largest economy, grapple with the lower values of the Gambian Dalasi and Liberian Dollar. ...
E-learning
February, 2024
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21 February
In defense of Tinubu appointing inlaw as head FHA
There is absolutely nothing wrong with President Tinubu appointing his son-in-law as the head of the Federal Housing Authority, as long as the man concerned is qualified for the job. That is not nepotism. President John F Kennedy appointed his brother, Robert F Kennedy, as his Attorney General and most trusted aide. President Donald Trump nominated his son-in-law, Jared Kushner, ...
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21 February
Tony Elumelu to point out UBA’s interest in mining at event
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. The regional event is expected to see a large gathering of key ...
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21 February
Tinubu Fires Tukur, Names Bakari New NFIU CEO
President Bola Tinubu has fired Moddibo Tukur as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), naming Ms Hafsat Abubakar Bakari. According to Ajuri Ngelale, presidential spokesman, who announced the appointment, it is subject to confirmation by the Senate. “Ms. Bakari is a lawyer and financial intelligence expert with years of experience in anti-money laundering, counter-terrorism financing, ...
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14 February
Schools go Gaga, dress special for Valentine
So what has Valentines day story whether Facts or Fiction, got to do with Schools asking Children to wear Red and White clothes to school today? Like seriously? They should explain to them the reason they should wear red and white. To give the parents a sense of belonging for the exorbitant fees they pay. Some even asked them to ...
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14 February
The Real Origin of Valentine’s Day
By Jama Onwubuariri February 14 – This date on the calendar has been denoted as Valentine’s Day world over, across cultures, politics and religions. Every year on February 14th, millions of people around the world celebrate Valentine’s Day, albeit in very diverse and sometimes unrelated ways. Usually, Valentine’s Day is celebrated in the form of a man or a woman buying ...
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9 February
Labour gives 14-day ultimatum to strike, FG begs
Nigeria Labour Congress is brewing a Nationwide strike of a great magnitude.YOUNEWS is aware. The organised Labour is threatening to declare a nationwide strike in the next 14 days. Her major reason is the alleged failure of the government to implement the memorandum of understanding reached with the Nigeria Labour Congress and the Trade Union Congress in October 2023. But,The ...
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5 February
Veteran actor, Jimi Solanke, 81, is dead
The folk singer, poet, and playwright, Solanke died on Monday at the age of 81, just 59 days to his 82nd birthday. He is understood to have passed on while he was being taken to the Babcock University Teaching Hospital from his country home at Ipara Remo. Solanke has been in and out of hospital since December until his death ...
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4 February
FG Reacts to convertion of Dollars In Domiciliary Accounts To Naira
Perceived to be a key solution to the free fall of Naira values in Nigeria, so much joy heralded the trending news yesterday! But the joy has been cut short..It is not going to be ! Though YOUNEWS checks had revealed that there nowhere, no country in the world ,where individuals hold domiciliary account in foreign currency. Well, the Central ...
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2 February
Japa : Airfares increase, jumps to N2.77m for U.K, N3.2667m for U.S
The depreciation of the naira against the United States dollar by 55 per cent at the official foreign exchange market has led to a commensurate depreciation in airfare in Nigeria. The naira had fallen from approximately 900/dollar to over 1,400/dollar on Monday after the FMDQ Exchange, which records data the nation’s official exchange rate, reviewed its methodology for calculating the ...
