Start your day with the latest news in Nigeria on the Naija News roundup of top newspapers headlines for today, Thursday, 16th June 2022.
The Chairman, Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has said that Nigerians will witness improved power supply from July 1 as industry stakeholders intensify their efforts.
Mr Garba gave the assurance at an interactive session with reporters after the Second Nigerian Electricity Supply Industry (NESI) meeting on Wednesday in Lagos.
The meeting was attended by top officials of NERC, Transmission Company of Nigeria (TCN), Generation Companies as well electricity Distribution Companies.
He said NERC had facilitated a contractual agreement between the Gencos, TCN and the 11 DisCos that would guarantee the generation, transmission and distribution of an average of 5,000MW of electricity daily to customers effective July 1.
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate increased to 17.71 per cent on a year-on-year basis in May.
This is according to NBS’ Consumer Price Index (CPI) and Inflation Report May 2022 released in Abuja on Wednesday.
The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living, that is the inflation rate.
A member of the House of Representatives, Sergius Ose Ogun, has called for the removal and prosecution of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for allegedly violating the provisions of the CBN Act 2007.
Ogun who made the call during plenary on Wednesday noted that the total borrowings of the Federal Government of Nigeria from the CBN in the past six years have been in flagrant breach of Section 38 of the CBN Act, 2007;
Section 38 of the CBN act states that;
(1) “Notwithstanding the provision of section 34(d) of this act, the bank may grant temporary advances to the federal government in respect of temporary deficiency of budget revenue as such rate of interest as the bank may determine.”
(2) “The total amount of such advances outstanding shall not at any time exceed five percent of the previous year’s actual revenue.”
Nigeria’s House of Representatives has asked the Independent National Electoral Commission (INEC) to extend the deadline for Continuous Voter Registration (CVR) by 60 days.
The House passed the resolution during Wednesday’s plenary following the adoption of a motion passed by Benjamin Kalu, a lawmaker from Abia state.
The electoral umpire had fixed June 30 as the deadline for the suspension of CVR across the country ahead of the 2023 general election.
Here is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx). See the black market Dollar to Naira exchange rate for 16th June, 2022, below. You can swap your dollar to Naira at these rates.
How much is dollar to naira today in black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N580 and sell at N610 on Wednesday, 15th June, according to sources at Bureau De Change (BDC).