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We removed 1,618 fake workers from IPPIS in one year, says HoS
The names of 1,618 workers found to possess illegal and counterfeit employment letters has been deleted from the Integration Personnel Payroll and Information System (IPPIS) in the last one year, it has been learnt.
Head of Civil Service of the Federation, Dr. Folasade Yemi-Esan, stated this during a media parley as part of activities to mark the 2024 Civil Service Week.
According to her, thorough physical verifications by various Ministries, Departments, and Agencies (MDAs) have reduced the previously inflated civil service workforce from over 100,000 to a verified count of 69,308 currently on the payroll.
Addressing the issue of corruption within the public service, Yemi-Esan emphasised collaborative efforts with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to eradicate malpractice. She underscored the implementation of welfare initiatives, such as low-interest housing schemes, aimed at reducing incentives for corrupt activities among civil servants.
She said: “We work closely with ICPC and EFCC to curb corruption. We try to divert attention of civil servants from corrupt practices by providing welfare packages like housing schemes with a single digit interest rate loans. These welfare packages have helped to reduce temptation for civil servants to engage in corruption.”
The Head of Service also noted the successful deployment of a whistleblower scheme, encouraging individuals to report corruption anonymously through online platforms or directly to the OHCSF. She added that the ongoing digital transformation will ensure all MDAs migrate fully to digital processes by the end of 2025.
The House of Representatives promised that the House remains committed to enhancing the welfare of workers and promoting policies that support their professional development and career advancement.
In its message to mark the 2024 Civil Service Week, Spokesman of the House, Akintunde Rotimi, said the House is committed to ensuring a new living wage that reflects current economic realities. He said the House will also continue to support initiatives that foster a culture of meritocracy, continuous learning, and innovation in the civil service.
The message reads: “This celebration also acknowledges the critical role that civil servants play as the engine room and institutional memory of government, ensuring the continuity and efficiency of public administration and providing the backbone for policy implementation and national development.
“The theme of this year’s Civil Service Week, ‘Educate an African Fit for the 21st Century: Building Resilient Education Systems for Increased Access to Inclusive, Lifelong, Quality and Relevant Learning in Africa’, underscores the critical role of education in shaping the future of our continent.
“In line with this, the House remains committed to enhancing the welfare of workers, promoting policies that support their professional development and career advancement, and ensuring a new living wage that reflects current economic realities…”
By Kayode Sanni-Arewa
Looking for the latest Naira to Euro exchange rate today? Whether you’re conducting business, making investments, or planning a trip to Europe, staying updated on the exchange rate is crucial. This article provides up-to-date information on the black market, Central Bank of Nigeria (CBN), and online exchange platforms to help you make informed decisions. What is 1 Euro to Naira Today in Black Market and CBN? With the fluctuating nature of the Naira against foreign currencies like the Euro, many Nigerians are keen to know the most recent rates. The Naira to Euro exchange rate in both the black market and CBN offers different values based on market dynamics and economic policies
Current Exchange Rates for 1 Euro to Naira Today Naira to Euro Black Market Exchange Rate (Parallel Market) Buying Rate: ₦1,862 Selling Rate: ₦1,865 1 Euro to Naira Today (CBN Official Rates) Buying Rate: ₦1,790 Selling Rate: ₦1,795 Other Exchange Rates Today: Dollar and Pounds to Naira Dollar to Naira (Black Market Rates) Buying Rate: ₦1,705 Selling Rate: ₦1,710 Pounds to Naira (CBN Rates) Buying Rate: ₦2,205 Selling Rate: ₦2,210 Online Platforms for Naira to Euro Exchange Rates: Geegpay and Grey In addition to the black market and CBN rates, online platforms like Geegpay and Grey offer convenient options for currency exchange. These platforms provide competitive rates and are popular alternatives to both black market and CBN channels.
Geegpay Exchange Rates EUR (€): Buying at ₦1,798.03, Selling at ₦1,800.55 GBP (£): Buying at ₦2,120, Selling at ₦2,127 USD ($): Buying at ₦1,675, Selling at ₦1,680 Grey Exchange Rates for EUR to NGN EUR (€): Buying at ₦1,845.03, Selling at ₦1,850 GBP (£): Buying at ₦2,102, Selling at ₦2,205 USD ($): Buying at ₦1,670, Selling at ₦1,675 Understanding the Naira to Euro Black Market Exchange Rate What is the Black Market? The black market is an unofficial exchange market where currency rates are determined by demand and supply without government regulation. It operates outside the control of the CBN, and often, exchange rates are higher here due to the scarcity of foreign currencies like the Euro.
Why Do People Use the Black Market for Naira to Euro Exchange? Better Rates: Black market rates are typically more favorable compared to the official CBN rates. Accessibility: It’s easier for individuals and businesses to access foreign currencies through the black market, as CBN restrictions often limit the amount of foreign currency available. FAQs on Naira to Euro Exchange Rate 1. Why is there a difference between the CBN and Black Market rates? The black market operates based on supply and demand, while the CBN controls the official rate to maintain currency stability. Due to currency scarcity, black market rates are often higher.
2. Can I exchange Euros at the CBN rate? In most cases, the CBN exchange rate is reserved for specific transactions like government-approved imports or remittances. Many individuals and businesses resort to black market rates for quick and accessible foreign exchange.
3. Why is the black market exchange rate higher? The black market rate is driven by the demand for foreign currency. As supply decreases, the value of the Euro against the Naira rises, causing higher parallel market rates. 4. Is it safe to use online exchange platforms like Geegpay and Grey? Yes, online platforms such as Geegpay and Grey offer secure and regulated options for exchanging currency. However, it’s important to use trusted and licensed platforms.
5. Will the Naira continue to fall against the Euro? The future of the Naira to Euro exchange rate depends on several factors, including government policies, global oil prices, and economic stability. Without intervention, depreciation could continue. 6. How often do exchange rates change? Exchange rates fluctuate daily due to various factors such as foreign currency reserves, local economic policies, and global market conditions.
Why It’s Important to Stay Updated on Naira to Euro Exchange Rates Understanding the Naira to Euro exchange rate today, whether from the black market, CBN, or online platforms, is essential for making informed decisions. Whether you’re exchanging currency for business, travel, or investment, knowing the current rates can help you plan your finances better.
Historical Trends in Naira to Euro Exchange Rates In October 2023, the black market rate for the Euro stood at around ₦1,500 per Euro. Over the past year, the Naira’s depreciation against the Euro has accelerated, reflecting the economic pressures Nigeria faces, including inflation and foreign currency shortages
Black market Dollar to Naira exchange rate today May 2, 2024: GBP, EUR to Naira Dollar to Naira Exchange Rate at Black Market (Aboki FX) July 13, 2024: USD to NGN CBN Rate 100 dollars to Naira black market today, April 4, 2024 Dollar To Naira 7th August 2024: See Black Market Aboki FX Rate Dollar to Naira Black Market Exchange Rate – October 5, 2024 Latest Update
By Francesca Hangeior
Fast rising Nigerian comedienne Amadou Elizabeth Aminata, Popularly known as Jarvis has opened up on her recent health challenges after she was diagnosed with a tumor inside mouth.
Speaking in a viral video, Jarvis said that she is expected to undergo surgery in the coming weeks and the tumor has made it difficult for her to speak hence the reason why she took a break from her AI content.
She added that samples from the tumor has already been sent for histology and she is awaiting the diagnosis before she would undergo the surgery.
She said, “I was told that I have a tumor inside my mouth, which was very uncomfortable. I initially thought it was a toothache, but the doctor said it was a tumor in my jawline.
“The doctor recently took a sample from it to take for histology before they will know which type of tumor it is and book me for the main surgery. I am told that the results are already out, and I am praying it’s not something that will be very bad.”
SEE Naira to Euro Exchange Rate Today – Black Market, CBN Rates | October 18, 2024
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