adplus-dvertising
Connect with us

News

Kaduna govt disburses N600m to women entrepreneurs – Commissioner

Published

on

1973B9C0 D64B 4084 B985 033D67A9575B

Kaduna State Government says it has so far disbursed over N600 million to women entrepreneurs through its Women Empowerment Fund initiated in 2018.

The Commissioner for Human Services and Social Development, Hafsat Baba disclosed this in an interview with the News Agency of Nigeria on Thursday in Kaduna.

Mrs Baba said that the fund was issued to women entrepreneur cooperatives and clusters across the state as soft loan.

She said that the fund was initiated to develop small and medium scale industries and reduce gender-based barriers in the business environment.

“It is also to support business skills and financial capacities in women, who are already in business and can use it to increase their capital,” she said.

The commissioner said that women cooperatives and clusters in rural and urban areas could access between N5,000 and N10 million without collateral, “to access the money you need to go through the bank for the sake of accountability and transparency.”

According to Mrs Baba, most of the beneficiaries have been paying back the loan they collected.

The commissioner said that the government had been monitoring the beneficiaries and their performance to adequately capture success stories and learn lessons.

According to her, disbursement of the loan for 2022 is currently ongoing.

NAN

WATCH NOW

DOWNLOAD NOW

News

Dollar To Naira Exchange Rate For Today 19th May 2022 [Official Rate]

Published

on

CBN money Dollar crashes against Naira

Find below, dollar to naira exchange rate for today, 19 May 2022, official and black market rates.

NewsOne has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

The exchange rate between the Naira and the US dollar at the official forex market showed that the Naira opened at  ₦415.0373 per dollar on Thursday, May 19, 2022, after closing at ₦415.1779 per $1 Wednesday, May 18, 2022.

Exchange Rate of Dollar To Naira in The Parallel Market [black market]

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying Rate593
Selling Rate597

Naijaonpoint Nigeria reports that on the black market, the players buy a dollar for N593 and sell for N597 on Thursday, May 19, 2022, after they bought N593 and sold for N597 on Wednesday, May 18, 2022.

Meanwhile, Naijaonpoint Nigeria reports that the USD started this week at ₦595 in Parallel Market also known as Black Market on Monday, May 16, 2022, in Lagos Nigeria, after it opened at 588 last week Monday, May 9, 2022.

Even though the dollar opened in the parallel market for ₦597 per $1 today, the CBN does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021.

Checks by Naijaonpoint Nigeria reveal uncertainty in the market as prices move up and down in a directionless manner, thereby making it unreliable.

Disclaimer: Naijaonpoint Nigeria does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

WATCH NOW

DOWNLOAD NOW

Continue Reading

News

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

Published

on

IMG 20220518 WA0008

The Economic and Financial Crimes Commission (EFCC) says it has traced not less than 17 properties to Ahmed Idris, the suspended Accountant-General of the Federation, being detained over alleged N80 billion fraud.

Structure linked to Idris

The minister of finance and national planning, Zainab Ahmed, had on Wednesday, suspended Idris after following his arrest by the EFCC.

An official of the EFCC, who wished to remain anonymous, said the properties traced to Idris are located in Kano, Lagos, Abuja, Dubai and London.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]
One of the structures linked to Idris

He, however, said preliminary investigations showed that the nation’s chief accountant allegedly used proxies to buy some of these properties. The commission would therefore need to invite some of the proxies of the accountant-general.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]
Another building linked to Idris

The detective added that from all indications, these properties were purchased while Idris was in office and did not declare them before the Code of Conduct Bureau as stipulated by law.

“About 17 houses in London, Lagos, Kano, Abuja and Dubai have been traced to him. In Abuja, some of the houses are located in serviced estates,” he said.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

The EFCC had in a statement on Monday announced the arrest of the accountant-general for fraud to the tune of N80bn.

The statement read in part, “The commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates. The funds were laundered through real estate investments in Kano and Abuja.”

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]
Another house allegedly owned by Idris

It was learnt that Idris came under scrutiny last year following allegations that he offered huge sums of money to a family in order to secure the marriage of their 16-year-old daughter.

This newspaper learnt that Mr Idris was still in EFCC custody as of the time of filing this report on Wednesday.

This newspaper also reliably gathered from sources with direct knowledge of the case that some assets believed to be proceeds of Mr Idris’ alleged unlawful activities have been traced.

The sources, who asked not to be named because they had no permission to speak about the case in the press, provided photographs of a sprawling edifice located in Kano allegedly linked to Mr Idris.

Our reporter gathered that the agency has obtained a court order for the arrest of more suspects linked to the alleged crime.

Operatives refused to reveal the identities of the suspects in order not to jeopardise investigations.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]
Structure linked to Idris

An EFCC official said the legal department was already getting an order to remand the accountant-general and get an interim forfeiture on some of his properties pending the completion of investigations.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]
Another building linked to Idris

WATCH NOW

DOWNLOAD NOW

Continue Reading