Punch Newspaper Headlines Today Monday 11th October 2021
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Understanding forex, external reserves and naira exchange rate (1)
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not. This piece seeks to throw light on the issues relating to foreign exchange, external reserves and naira exchange rate instability. Foreign exchange is relevant in the context of world trade, payments…
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Akwa Ibom community says proposed remapping may rob it of 56 oil wells
Tension is rising in Eastern Obolo Local Government Area of Akwa Ibom State over alleged plan to cede 17 communities and about 56 oil wells in the council. The House of Assembly had, in a resolution, mandated the Surveyor-General of the state to produce a ‘generally acceptable, approved and gazetted map for the state. It…
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Budget deficit rises to N20.64tn under Buhari
Budget deficit has risen to N20.64tn under the president, Major General Muhammadu Buhari (retd.), according to analysed data from the budget office. The data covered periods from 2016 to 2020. According to the budget office, more than N7.97tn was borrowed from foreign and domestic sources to fund these deficits. According to Investopedia, a budget deficit…
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Those condemning brutal flogging of madrasa students encourage their children to go for BBNaija — MURIC
The Director and Founder of the Muslim Rights Concern, Professor Ishaq Akintola, on Monday urged Nigerians not to jump to conclusions over the viral video of some madrasa students being brutally flogged in Kwara State. Although he noted that the punishment meted out to the students was ‘too harsh’, Akinsola said that those condemning the…
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Budget: Buhari fails to fulfil London promise, education gets 5.3%
THE President, Major General Muhammadu Buhari (retd.), did not fulfil his promise to increase the annual domestic education expenditure by 50 per cent over the next two years, according to the details of the 2022 Appropriation Bill currently before the National Assembly. Buhari made the promise during the Global Education Summit which was held in…
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FG approves cultivation of genetically modified maize
The Federal Government has granted environmental approval for the evaluation and open cultivation of TELA Maize, a new variety of genetically modified maize developed by researchers at the Institute for Agricultural Research, Ahmadu Bello University, Zaria. Approval for the cultivation of the crop was announced in a statement issued in Abuja on Sunday, jointly signed…
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#EndSARS: Lagos CP warns against planned protest
The Lagos Commissioner of Police, Hakeem Odumosu, on Monday warned against any planned protest in the state. A statement signed by the State Police Command’s Spokesperson, Adekunle Ajisebutu, revealed that the command had received information of a planned protest to mark one year of the #EndSARS protest. Ajisebutu warned that the police would not hesitate…
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Tennis: Tsitsipas makes short work of Martinez at Indian Wells
Stefanos Tsitsipas stormed into the third round at Indian Wells for the first time in his career on Sunday, as the second seed beat Spaniard Pedro Martinez 6-2 6-4 under lights to set up a clash with Fabio Fognini. The Greek broke serve to take a 2-0 lead in the opening set which he claimed…
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Tennis: Svitolina survives Cirstea onslaught, Swiatek reaches Indian Wells fourth round
Fourth seed Elina Svitolina survived a third-round onslaught from Romanian Sorana Cirstea to win 4-6 6-4 7-6(3) at Indian Wells on Sunday, while Polish second seed Iga Swiatek eased past Veronika Kudermetova 6-1 6-0. Ukraine’s Svitolina, who won the bronze medal at the Tokyo Olympics, saved 12 of the 16 break point opportunities Cirstea set…
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Separatist agitations pose threat to Nigeria’s existence, says ex-COAS Ihejirika
Former Chief of Army Staff, Lt Gen. Azubuike Ihejirika (retd.), has warned that the clamour for self-determination in different parts of the country and the security challenges pose a threat to Nigeria’s existence if they are not addressed with urgency. Ihejirika said this the Interfaith Roundtable on Building a Culture of Peace and Unity in…
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