President Bola Tinubu, says he decided to unify the official and parallel market exchange rates to save the country from financial hemorrhage. Tinubu disclosed this Thursday while speaking at a civic reception organised in his honour by the Lagos State Government at the Lagos House, Marina. The President in a statement issued Thursday by his Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake, said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted for the unification. He noted that he took the decision in the…
Author: Hints News
President Bola Tinubu says he remained hopeful and optimistic about achieving victory in the last presidential election, in spite of the ineffective cashless policy implemented by the Central Bank of Nigeria (CBN). TheHintsNews reports that in the build up to the 2023 elections, the apex bank redesigned the Naira which caused untold hardship for Nigerians. The Special Adviser to the President Special Duties, Communications and Strategy, Dele Alake in a statement issued Thursday said Tinubu spoke in separate remarks at the palaces of the Paramount ruler of Ijebuland, Oba Sikiru Adetona, in Ijebu-Ode and Alake of Egbaland, Oba Adedotun Gbadebo,…
The Chief of Naval Staff, Rear Admiral Emmanuel Ogalla has approved the redeployment of top senior officers comprising 56 rear admirals and one Commodore. The Director of Information, Commodore, AO Ayo-vaughan in a statement issued Thursday said Rear Admiral Olusanya Bankole, formerly the Director of Logistics, Defence Space Administration, is now appointed as the Chief of Communications and Information Technology, Naval Headquarters while Rear Admiral Alexander Bingel formerly Director Combat Policy and Tactics is now the Director of Logistics, Defence Headquarters. Also, Rear Admiral Ibrahim Dewu, formerly Director Project Implementation, Monitoring and Evaluation Directorate, Naval Headquarters is now the Chief…
The federal government through the Ministry of Budget and National Planning has announced the discontinuation of funding of professional bodies and councils effective from the 2024 budget. The Director General of the Budget Office of the Federation, Ben Akabueze in a letter dated June 26, 2023 addressed to the Registrar/CEO, Optometrist and Dispensing Opticians Board, said the decision was in line with the decisions of the Presidential Committee on salaries (PCS). The letter reads: “I wish to inform you that, the Presidential Committee on Salaries, (PCS) at Its 13th meeting approved the discontinuation of budgetary allocation to Professional Bodies/Councils effective…
An Editor with Daily Trust Newspapers, Abuja, Saawua Terzungwe on Tuesday evening narrowly escaped an assassination attempt on his life. Terzungwe, who is Deputy Political Editor, said he was on the production desk till after 11:00 pm before he left his office to his residence at Mararaba, Nasarawa state. He explained that the gunmen trailed him in a car to his estate where he was confronted. Terzungwe noted that the gunmen did not ask for money, ATM cards or even asked for his car. His words: “They followed me to the gate in a small car. I came down from…
The Independent National Electoral Commission (INEC), says it is unfair to judge the entire performance of the commission in the just concluded 2023 general election on the basis of glitch in the upload of the presidential election results. INEC National Commissioner and Chairman, Information and Voter Education, Festus Okoye, disclosed this Tuesday during the presentation of the European Union Election Observation Mission (EU EOM) final report on the 2023 elections in Abuja. He said in assessing the process, Nigerians must start from the positives. Okoye said: “Were there positives to this election? My answer is in the affirmative. One, the…
The free flow of blood in Mangu Local Government Area of Plateau state continued on Monday as terrorists killed five persons during an attack on the Sohon Kerang community, in the Sohon Kerang community. The latest killings were coming following the curfew imposed last week by the local government authority to curb insecurity in the area. TheHintsNews reports that the attack occurred after the terrorists, in a similar manner, attacked neighbouring communities last week and reportedly killed several persons. It was gathered that the suspects, after perpetrating the crime between 5pm and 8pm fled into the bush. A resident of…
The World Bank says an estimated four million Nigerians have been pushed into poverty within the first six months of 2023. This was attributed to the high inflation in the country — which has risen to a 17-year high — one of the highest inflation rates in the world. It warned that about 7.1 million poor Nigerians would become poor if the federal government failed to provide palliatives following the removal of fuel subsidy. TheHintsNews reports that President Bola Tinubu had during his inauguration on May 29 sent shock waves to the country when he announced that subsidy payment on…
The Chief of Air Staff (CAS), Air Vice Marshal, Hassan Abubakar, has approved the redeployment of 98 officers following the recent change of guard in the Nigerian Air Force (NAF). In a statement issued Tuesday, the Air force chief said prominent among the new appointees are Branch Chiefs, Air Officers Commanding (AOCs), Commandants of Tri-Service Establishments, and NAF institutions. He said the newly reappointed senior officers comprised of 52 AVMs and 46 Air Commodores (Air Cdres), among whom are the former Commandant, Air Force War College (AWC), AVM Abraham Adole, now the Chief of Defence Policy and Plans (CDPP) at…
The All Progressives Congress (APC) has slated the National Caucus, National Executive Committee (NEC) meetings of the party for 10th and 11th of July, respectively. TheHintsNews reports that the ruling party is holding the NEC and caucusing meeting after a year it held the last meeting. Recall that the NEC had on April 20, 2022 transferred its powers to the Abdullahi Adamu-led National Working Committee (NWC) until July 2022 for 90 days. But, following the expiration of the three months, the party’s NWC refused to convene another the NEC meeting. It was based in this that the party’s National Vice…