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President Tinubu Writes Reps Seeking To Increase 2024 Appropriation Act By N6.2trn

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By Gloria Ikibah 
 
President Bola Tinubu has transmitted a letter to the House of Representatives seeking to increase the 2024 Appropriation Act by N6.2 trillion.
 
The letter from President Tinubu which was read by Speaker Tajudeen Abbas on Wednesday at plenary, would increase the 2024 budget to N34.9 trillion from an initial N28.7 trillion signed by the President on January 1 this year.
 
The letter seeks an amendment to the budget to provide for N3.2 trillion for infrastructure projects and N3 trillion for recurrent expenditure.
 
The letter reads: “Pursuant to section 58 (2) of the constitution of the Federal Republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the House of Representatives.
 
“The Appropriation Act Amendment Bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.
 
“They shall be funded by accruing to the Federal Government of Nigeria”.
 
President Tinubu also requested that the House amend the Finance Act 2023 to tax windfalls gotten by banks owing to foreign exchange gains.
 
“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,” he said
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SEE Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22 November 2024

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The black market dollar to Naira exchange rate on Friday 22 November 2024 can be accessed below.

NewsOnline Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to remember that the rate can shift (either upwards or downwards) within hours.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

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According to Bureau De Change (BDC) sources, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players bought a dollar for N1710 and sold it for N1750 on Friday, November 22, 2024.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1730
Selling Rate N1740
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1745
Selling Rate N1750
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

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Simon Ekpa to Face Extradition, DHQ Declares

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The Nigerian Defence Headquarters, Abuja, has declared that Simon Ekpa, the self-proclaimed prime minister of the Indigenous People of Biafra (IPOB) will be extradited to the country to face charges against him.

Speaking on the arrest of Ekpa in a short press statement made available to journalisrs, the Director of Defence Information, Brig Gen Tukur Gusau, said the Chief of Defence Staff, Gen Chris Musa, was pleased with Ekpa’s trial.
Gusau wrote: “CDS is happy with his arrest in Finland, with the hope this will be a step towards his extradition to Nigeria so that he will face justice.”

Recall that the Finland district court in Lahti had ordered the remand of Simon Ekpa on probable cause for public incitement to commit a crime with terrorist intent in Nigeria. Ekpa was accused of using social media platforms to spread separatist propaganda linked to IPOB, a group advocating for the secession of southeastern Nigeria.

The court alleged that the offences dated back to August 23, 2021. Finland authorities have also investigated Ekpa in the past for alleged financial crimes, including the collection of funds through questionable means.

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The head of the investigation, crime commissioner Otto Hiltunen of the Central Criminal Police, stated, “The police suspect that the man has promoted his efforts from Finland with means that have led to vi3lence against civilians and authorities as well as other crimes in the region of South-Eastern Nigeria. The man has carried out this activity, among other things, on his social media channels.”

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Oil theft: DHQ rubbishes Tompolo’s allegation against Navy

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Defence Headquarters, Thursday, described as ‘laughable’, allegation by Chairman, Tantitta Security Services, Mr Government Ekpemuopolo, alias Tompolo, that the Nigerian Navy was sabotaging the fight against crude oil theft.

Noting that it cannot be seen to be joining issues with Tompolo, the DHQ, said the work of the Navy and its determined efforts to rid the Niger Delta of economic saboteurs and crude oil thieves which is reflecting on the nation’s crude production, was there for everybody to see.

Director of Defence Media Operations, Major General Edward Buba disclosed this while commenting on Tompolo’s allegation made on Monday.

He said: “What I will say is that such allegation is just laughable. We will not join issues with anybody. What we seek is cooperation not conflict. We don’t want all these back and forth. We don’t want all this blackmail. What we want is working to ensure increased production of crude oil.

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“The efforts of our Navy is very obvious. It is there for everybody to see and we are seeing the increase in crude oil production. We are ready to work in collaboration with stakeholders to continue to increase oil production. That is what we want.”

Recall that Tompolo had on Monday accused Navy personnel of being a clog in Tantitta’s fight against oil theft in the Niger Delta, calling on Nigerians to join hands in the battle to save the country’s economy.

Also, Major General Buba disclosed that those (IPOB/ESN) members responsible for the killing of three soldiers at a checkpoint in Abia State would be tracked down and made to pay the price for their murderous act.

Urging innocent citizens of the area not to panic, he said: “Our troops were attacked on November 13, and we recorded three casualties in the South East. To those expressing fear that troops will come and start killing everybody, this is not true.

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“We are a professional force with rules of engagement. We will not go about killing people, but there will be consequences for those responsible for the attack. Our target will be against the terrorists and we will get them and I will give you the good news.”

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