master choice news

Just in case you are wondering what the I and E window is, it is the platform where the value of the Naira will be set from now. It stands for Investors and Exporters Window. The I&E window allows Investors, Exporters, Importers and End-users to meet at a market to haggle and bargain over the value of the Naira vis a vis other internationally traded world currencies.   So, for example, it allows foreign airlines who want to get their money out of Nigeria to use the Naira you paid to them to buy your ticket abroad to buy Dollars from Shell Petroleum Development Company, who need Naira to pay their local staff. Basically, several investors, exporters and importers haggle, like how you price garri at the market. The person with the cheapest priced garri gets the most customers, and other garri sellers in the market are then forced to sell their own garri at the same or lower price, or they will not have any customers, and that is how the price for garri is set....

Senate President Godswill Akpabio The Acceptance  of Godswill Akpabio as the Senate President for the 10th House of Senate ACCEPTANCE SPEECH DELIVERED BY H.E. DISTINGUISHED SENATOR (CHIEF) GODSWILL OBOT AKPABIO, CON, ON HIS ELECTION AS THE PRESIDENT OF THE SENATE OF THE FEDERAL REPUBLIC OF NIGERIA, THIS 13TH DAY OF JUNE, 2023. H.E. the Deputy Senate President, Distinguished Senator Jibrin Barau, The Senate Leader, Principal Officers of the Senate, Distinguished Senators of the Federal Republic of Nigeria, Gentlemen of the Press, Ladies and gentlemen. To God Almighty the creator of the universe, who alone is supreme be all glory, honour, majesty, dominion and power. I bow before you and acknowledge your inestimable control of all that we do and that we are. 2. Today marks a historic moment as we embark on a new chapter in the Senate. Distinguished Senators, today, I stand before you humbled, honored, and filled with an overwhelming sense of gratitude and responsibility a...

Abdulrasheed Bawa,EFFC Boss According to a source that there may be a shake up in the EFFC. STAY TUNED.... LOADING

  Ahmed Lawal, the Senate President of the outgoing 9th Senate of the Federal Republic of Nigeria Mr Lawan had contested for the APC presidential ticket but, in a controversial judgment, the Supreme Court ruled that he was the authentic candidate for the Yobe North senatorial district Rochas Okorocha,  an outgoing senator of Imo West Federal Constituency, during a valedictory session of the 9th Senate said “I did not contest for the senate this period. I only contested for the office of the president. You are a very smart politician. How you came back to the Senate is another chapter in our political history that we need to discuss. “I was there in the field with you running for president, I never knew how you were able to meander, leaving some of us. Next time you must teach me how to do that,” Mr Okorocha said. Later the the outgoing Senate president replied to Me Okorocha' rhetorical questions. “I didn’t even appeal the judgement that did not give me the contest...

PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms. Willie Bassey Director, Information For: Secretary to the Government of the Federation

Out Of Budgeted N800 Billion For The Now-Shifted 2023 Census,NPC has spent N200 Billion The Nationow-shiftedion Commission, NPC, has said that about 200 Billion Naira have so far been expended since 2014 to date, from the budgeted 800 Billion for the now shifted 2023 Census According to NPC the expenses include salaries, allowances, and for the purchase of equipment, including the Personal Digital Assistant, PDA.

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has said that the Nigeria National Petroleum Company (NNPC) Limited held on about N8.4 trillion which would have been part of revenue accruing to Nigeria in the guise that it was used to pay for subsidy.Chairman of RMAFC, Mohammed Shehu He said NNPC LTD  stopped contributing to the national purse due to the subsidy regime. “RMAFC has the constitutional mandate to monitor the accruals to and disbursement of revenue from the federation account and also advise federal and state governments on fiscal efficiency and methods by which their revenue can be increased.” The chairman described the president’s pronouncement on the elimination of the petrol subsidy as a masterstroke that broke the jinx. This, he said, was the appropriate step in the right direction. “The country can no longer sustain fuel subsidies whose demerits far outweigh its benefits to the citizenry. It is saddening to note that since January 1,...