Newspapers Review




Ohaneze Ndigbo





Below are the headlines found on The Daily Times Online Newspaper for today, Monday, 11 December, 2017.
Sun, 10 Dec 2017

The Peoples Democratic Party (PDP) has once again changed the history of party conventions following the overwhelming 2,000 votes secured by Prince Uche Secondus to emerge as the National Chairman of the self-acclaimed largest political party in Africa. Secondus floored other aspirants like Prof. Tunde Adeniran who garnered 230 votes and Chief Raymond Alegho Dokpesi who scored 66 votes. The Daily Times had exclusively reported on Tuesday, November 28, 2017 that judging from the political permutations on the ground and coupled with his experience, Secondus would emerge as the PDP National Chairman. It is instructive to note that the national convention was attended by most of the active stakeholders in the PDP with former President Goodluck Jonathan leading the roll call. Others were former Vice President Namadi Sambo, former Vice President Atiku Abubakar, members of the PDP Board of Trustee (BoT) led by Senator Wali. Each state adorned in their state attire embossed with the image of their state governors. 

Sun, 10 Dec 2017

The total transaction turnover declared in the Investors & Exporters (I&E) FX window between Monday 27, November to Friday 8, December 2017, amounted to $1.86 billion, showing a decline of $316.1million from the total value of $2.17 recorded during the same period of Monday 13, November to Friday 24 of the same month, The Daily Times findings showed. The Nigeria’s local currency, however, closed on the last trading day of last week at a steadied rate of N363 to the US Dollar, but relapsed against the Pound sterling and Euro at a depreciated rates of 482 and 427 against 480 and 426, traded respectively, at the parallel segment of the forex market. The breakdown of the exchanged value showed that the I&E FX window during the first week considered recorded transacted figure of $937.95 from 27 of November to 1st of December, compared to $1.06bn sold between 20 to 24 of November, represented total decline of $125.94m. The I&E FX window, otherwise known as Nigerian Autonomous Foreign Exchange (NAFEX) window, declined further the following week with the traded figure of $925.53m from 4th to 8th of December, against a more better turnover of $1.115bn between 13 to 17th of November, 2017. Although, forex dealers and financial experts opined that the autonomous forex window has boosted investors’ confidence, while helping in rebounding the Africa’s largest economy after exited from its worst recession in the recent time, further checks by The Daily Times, revealed that the autonomous window at the beginning of last month had recorded total amount of $387.73m in just three days, between Wednesday 1st of November to Friday ,3rd of the same month. But the autonomous FX window recorded $14.69bn in four months, between July and September 2017, as Central Bank of Nigeria (CBN) continued to bridge the gap between parallel market and official market rates.

Sun, 10 Dec 2017

The President of the Nigerian Bar Association (NBA) Mr Abubakar Mahmoud, has called on the Federal government pay more attention to the human rights violation in the North East. He also urged the Federal Government to step up its efforts to ensure that normalcy is restored in the region. Mahmoud spoke at a programme organised by the NBA Human Rights Institute organised to mark this year’s World Human Rights Day. The NBA President said, “Government should continue to pay more attention to human rights situation in the North- East. “The government should also step up its efforts top bring normalcy to the region. ” The people in these region cannot continue to live in fear. It is the responsibility of any responsible government to protect the lives and property of its people”. According to the NBA boss, there is the need to address human rights violations in the North East in order to protect those who lack the power to protect themselves. ‎Also at the weekend, a senior lawyer, Mr. Rotimi Jacobs (SAN) lamented at the rate in which corruption has become deeply rooted in the country. He said that corruption has grown in a variety of political and economic environments but thrives when bad government makes it impossible to control. Jacobs, who spoke at this year’s United Nations Anti-corruption day in Abuja, organised by the NBA Anti-corruption Committee‎ however commended the effort of President Muhammadu Buhari and Vice President Yemi Osinbajo, in the fight against corruption. While calling on Nigerians to support Buhari-led government in its anti-graft war, Jacob added that corruption will continue to thrive until Nigerians are ready to tackle it.