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CBN slashes Customs FX duty rate by 5.3% as naira stabilises

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The exchange rate for computing the country’s Customs duties has been slashed by 5.3 percent by the Central Bank of Nigeria following stability in the exchange rate of naira to the dollar.

 

On the official trade portal of the Nigeria Customs Service, it was noted that the duty rate has been reviewed downward from N1630.159/$ to N1, 544.081/$.

 

This represents a 5.3 percent reduction when compared to the old rate of N1630.159/$ used as of Friday, March 2, 2024. It is also speculated that this would reduce the economic impact of paying a high tariff on goods brought into the country.

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Ex-Sports Minister laments after hospital neglected him for hours over N80000 deposit

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A former Minister of Youth and Sports, Solomon Dalung, has recounted how a hospital in Plateau State did not attend to him because of the non-payment of the admission deposit.

 

Dalung said he fell ill on Wednesday, May 8, and went to the unnamed hospital for treatment but that the hospital refused to give him treatment because he had yet to make an admission deposit despite holding his medical records. The former minister said he regained partial consciousness later and transferred the deposit before he was attended to.

 

“I took ill on Wednesday, arrived at the hospital & shortly became unconscious after doctor’s interviews. Was ferried into emergency ward but abandoned for over 4 hrs due to non payments of admission deposits. Regained partial consciousness later did the transfer of deposit.

After that, I fell into unconsciousness again for about 7 hours. To God be the glory, I have been discharged after 3 days & recovering. Were it not for partial consciousness to pay the deposits, I would have been Mr. late. Many Nigerians have gone this way. Where is our humanity?

I was then admitted into the ward and given medical attention. This is the hospital that has my medical records. The last medical checkup I did about 2 months ago was there, but suddenly, I became a stranger because of non payments of deposits even with the so-called name. Hmmmm”

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Osun Poly Student, Olanrewaju Olatona killed by hit-and-run one-way driver

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A Student Of Osun State Polytechnic, Iree, Osun State, has died after being hit by a trailer driver on Monday, April 15.

 

The Accident was said to have occurred when the driver, who was reportedly driving against traffic, collided with the motorcycle conveying a student named Olanrewaju Olatona and another passenger along the Ikirun-Osogbo road area of the state.

 

Due to the severe impact, Olanrewaju Olatona, a National Diploma 2 student, suffered fatal injuries. He died at the scene.

Olatona, who was the Financial Secretary of the Department of Mass Communication, was preparing for the one-year Industrial Training programme.

The driver fled the scene after the accident and has not been apprehended.

Subsequently, Osun State Polytechnic students organised a procession in front of the school gate and blocked the expressway for several hours.

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