Fairly used car dealers in the United States of America (USA) and Canada are gradually winding down their respective businesses over the incessant hike in Nigeria Customs ‘ duty rates, DAILYFOCUS NIGERIA findings have revealed. With the continuous dominance of the dollar over the naira, exporters of vehicles from America and Canada respectively, can no longer cope with the situation, which inturn has led to gradual halt of fairly used vehicles exportation to Nigeria. Findings further revealed that vessels sailing to Nigeria from the two countries since December 2023 might be the last for a long while due the lull…
Author: Editor-in-chief
IN a smell test, it won’t definitely smell like rose to an average sensitivity person. I’m talking about the N1.8 billion request by the Secretary to the Government of the Federation, former Benue governor, George Akume, to discuss the national minimum wage discourse. The President eventually approved N500 million, leaving a opening for more, to fund the roundtable, considering that Akume only shaved N800 million, from his original intent. The leaked communication between the President and his most senior cabinet member is all over the internet. Nothing to burnish, nothing to tarnish. Akume in the memo to his boss said…
This is what Kurumi’s Ijaye looked like after it was attacked and defeated by Ibadan forces in 1860/61: “Old people, men and women and young children were being carried to the river Ose to die,” wrote John Iliffe in his Poverty in Nineteenth-Century Yorubaland. He continued: “Whilst many others were left to perish in the streets. There being no food for them, that many, in order to obtain the means for subsistence, put themselves and children in pawn and others even sold their relatives to procure food to eat.” A Baptist missionary was reported to have taken responsibility for feeding…
This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the prices of staples had almost tripled in the market. Rice, which is arguably one of the commonest consumed staples in the country, has risen to N77,000 per bag. In December, the National Bureau of Statistics stated that the country’s inflation rate hit a 27-year high…
The Central Bank of Nigeria, CBN, under President Bola Ahmed Tinubu, increased the Customs duties exchange rate for the third time in 2024. DAILY POST reported that import duties have been reviewed upward to N1,417.63 per US dollar from N1,413.62. With the upward review, Nigerians will pay more to clear their goods at the port because import duties are benchmarked against the dollar. This represents an increase of N4.015 and a percentage increase of 0.28 per cent, as the official exchange traded at N1,469.97 per US Dollar at the foreign market on Friday. DAILY POST gathered that the current upward…
Last weekend, Governor Makinde and his party, the People’s Democratic Party, PDP lost out to the APC and Its candidate for the Saki West state constituency. I have read a lot of reasoning regarding the event of last Saturday and how some are of the opinion that though, the APC won in the overall, It lost the ballot, marginally during the rerun. That may be so, but with due respect to those who are of such opinion, to me, while there might be need for the Oyo APC to keep working on putting Its house in order, last Saturday was…
“Baba Gba Ope Wa”: The Trend In Town That Must Worry PBAT And The APC. There is a young skit maker who have been trending for some time now. The young man is known for making prayer points from odd situations. Naturally, Nigerians have since gotten used to giving thanks in all manner of situations, good or bad. If someone lost a relation or loved one, even when such loved ones are considered too young to pass away, it has become traditional for us to console the bereaved by bringing up comparison between untimely deaths and perhaps, madness. ” E…
The porcupine is a large rodent that is clothed with a thick coat of sharp quills, spines. The spines protect it from rampaging predators. When it feels threatened, the porcupine shoots the arrows of its spines at its assailants. These deadly quills pierce the intending attacker, allowing the animal to escape harm. So, in their confidence about the mystical powers at the beck and call of their kings, Yoruba say that when hunters talk about pursuing, capturing and gripping an animal to death with bare hands, that animal can never be a porcupine. Most likely premising their conviction on history…
This evening, the APC in Saki West local Government went through the eye of the needle to snatch an emphatic win against the ruling PDP in a keenly contested rerun election into the Saki West state constituency. I deliberately used the word snatch, considering the scenarios in the build up to the rerun election conducted in some polling units within the Saki West Local Government. The APC candidate had been returned elected by INEC in March, 2023. The PDP and Its candidate however, disatisfied with the return of the APC candidate by INEC had approached the Election petition Tribunals to…
The Nigerian government through the Central Bank of Nigeria (CBN) has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This adjustment follows recent increases in the exchange rate for cargo clearance, reflecting a continuing trend of fluctuations in the country’s foreign exchange policies. The exchange rate for cargo clearance was initially raised from N757 per dollar to N783 per dollar in November, representing a 3.4% increase. Subsequently, it was further increased to N952 per dollar in December. According to information obtained from the Customs official website on Friday, the exchange rate for cargo clearing was…