Tinubu meets with Buhari an hour after arrival from London
Barely few hours after touching down in Nigeria, the president, Muhammadu Buhari has met with the APC presidential candidate, Bola Ahmed Tinubu on Sunday. Tinubu was accompanied to the meeting by APC National Chairman, Senator Abdullahi Adamu, according to a photo shared by the Special Assistant on Digital Communications to the President, Bashir Ahmad. We recall that while opposition parties like the People’s Democratic Party (PDP) and the Labour party have since launched their campaigns for the 2023 elections, the ruling party is yet to officially flag off its presidential campaign, apparently awaiting Buhari’s return from London.
Israel Adesanya to earn $2m despite losing
Nairametrics has reported that despite losing to his Brazillian opponent Alex Pereira, Israel Adesanya is expected to earn more than $2.6 million from the bout, with a base salary of $2 million, a PPV payout of $600,000 and sponsorship earnings of $42,000, MMA Salaries reports. Alex Pereira is expected to earn $332,000. Recall that Nigeria’s Israel “The Last Stylebender” Adesanya suffered his second career loss as he came up short against his Brazilian opponent, Alex Pereira at the UFC 281, which took place at the Maddison Square Garden, New York. The Last Stylebender had been winning the fight in the early rounds. However, he was outclassed in the final sequence of the bout against Pereira. The loss means Adesanya has lost his UFC middleweight title to Pereira after he earned the belt in a win over Robert Whittaker in October 2019.
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Why is the Naira rising…suddenly?
Anyone close to the Nigerian market would know that over the past 24 months, the Naira had been on a free fall reaching an unprecedented low at N900/$1 in the last weeks. However, within the last five days, the naira suddenly closed in on the dollar in a giant stride that saw it close N680/$1 on Friday and Nigerians have been asking why. Meanwhile, in a report by Nairametrics, we deduced that there is reduced demand and increased inflows of FX in the market which triggered the sudden rise of the local currency. another reason is also the fear of rebound as very few people are buying dollars due to fear that the exchange rate could appreciate further. Also, there was an unverified claim that the CBN had injected come forex in the market. furthermore, there is report that Nigeria recently reported over 1 million barrels per day in crude oil production, a major boost for the country’s forex reserves. On the other hand, there were reports across some media outlets that the US will restrict the acceptance of dollars printed below 2021, to checkmate the dollar stockpile in Africa and so people who hoarded the dollars are rushing to the market to sell which increased demand for Naira. However, whatever the reason for the Naira rise, Nigerians can only hope the trend continues.
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Buhari returns from medical trip in London
President Muhammadu Buhari has returned to Abuja from London where he went for a routine two-week medical check-up. The president left the country two weeks ago for London on an emergency medical trip. During the trip, the president met with the new British monarch, King Charles III to address issues of diplomatic relationships between Nigeria and Britain. The President’s official jet touched down at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, on Sunday night around 7pm.
Peter Obi’s dream to build a Nigeria for everyone
Peter Obi, the Labour Party’s Presidential Candidate, has noted that Nigerians don’t feel safe in their own country. In a short post on his verified Twitter handle on Sunday, Obi noted that Nigerians must be able to dwell securely and safely irrespective of where they live. In the tweet, he said, “There is Nigeria; but there are no Nigerians. Currently, Nigeria works for a small minority of people; Nigeria must work for ALL Nigerians. Nigerians must be able to dwell securely and in safety wherever they live. This is the first duty of government. This makes security a top priority for me,” the post read. The Labour Party and its candidate, Peter Obi, is currently on a country wide campaign and consultations.
Doctors leaving Nigeria is not a problem – health minister
Nigeria currently has about 24,000 medical doctors for more than 200 million population according the last census. However, for Nigeria’s health minister, that is a problem. Osagie Ehanire, Nigeria’s health minister said on Sunday that Nigeria produces about 3000 medical doctors every year of which only about 1000 migrate. In his opinion, there is surplus of doctors in Nigeria, the New Agency of Nigeria, NAN, has quoted him saying. According to the same report by NAN, the minister added that other countries including Europe is experience doctors brain drain as well, and he is only concerned about the very experienced ones leaving.