Nairaland Pulse | News

🗣Tetra Pak and WeCyclers Partner for Waste Management in Lagos Tetra Pak and WeCyclers have launched a new initiative in Lagos, offering cash rewards to residents who recycle used beverage cartons (UBCs). Participants can drop off their cartons at WeCyclers kiosks and receive payments based on the weight. This scheme aims to reduce UBC waste, promote responsible disposal, and provide an additional income source for locals. The initiative, introduced at a community event, has gained strong support and could serve as a model for addressing waste management challenges in other regions. Nairaland Pulse News | Subscribe

🗣NPA to Coordinate Crude Oil Sales in Naira The Nigerian Ports Authority (NPA) has announced plans to start selling crude oil and refined products in Naira, specifically to Dangote’s Refinery. During a meeting in Lagos, NPA’s Managing Director, Dr. Abdulkadir Dantsoho, confirmed that the agency is working with other government bodies to ensure smooth implementation. A One-Stop Shop will be set up to streamline services from regulatory and security agencies. This initiative aims to ensure the availability of petroleum products like Premium Motor Spirit (PMS) across Nigeria. Nairaland Pulse News | Subscribe

🗣Bukola Owolabi Distributes 1,000 Sanitary Towels to Schoolgirls Bukola Owolabi, co-founder of The Emagine Foundation, distributed 1,000 sanitary towels to schoolgirls as part of her mission to support menstrual health in Nigeria. The initiative aims to help girls stay in school by providing essential hygiene products and educating them about menstrual hygiene. Owolabi emphasized that this effort removes barriers to education and empowers young women to take control of their health and future. Nairaland Pulse News | Subscribe

🗣Tejuosho Sponsors Independence Day Chess Tournament Halimat Tejuosho, founder of the QAT Foundation, sponsored a chess tournament for the Karu Chess Players Club in Abuja to celebrate Nigeria’s Independence Day on October 1, 2024. The event aimed to promote chess as a tool for intellectual development and attracted participants of all ages. Tejuosho highlighted the importance of community and collaboration among young minds, stating that chess fosters critical thinking and problem-solving skills. The tournament concluded with an awards ceremony, recognizing top performers with medals and prizes, reaffirming Tejuosho’s commitment to empowering the next generation in Nigeria. Nairaland Pulse News | Subscribe

🗣Naira Strengthens to N1,700 in Parallel Market The Naira appreciated to N1,700 per dollar in the parallel market, up from N1,705 on Monday. In contrast, it depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the indicative exchange rate fell by N127.2. The volume of dollars traded in the official market decreased by 2.97% to $176.45 million. As a result, the gap between the parallel market and NAFEM rates narrowed to N30.85 per dollar from N163.06 on Monday. Nairaland Pulse News | Subscribe

🗣Despite the challenging economy, Nigerian banks’ deposits surged by 16.5% in the first nine months of 2024, reaching N31.08 trillion by August. The total banking sector deposits hit N136 trillion in the first half of the year, up 18.3% compared to the same period in 2023. Additionally, the money supply (M2) rose to a record N107.1 trillion in August 2024, reflecting continued liquidity growth and inflationary pressures. Nairaland Pulse News | Subscribe

🗣Experts Advocate for Private Sector’s Role in Boosting Nigerian Education At the National Education Stakeholders Conference, experts emphasized the need for transparency and accountability in public-private collaborations to improve Nigeria’s education sector. They highlighted the importance of private sector contributions, such as scholarships and facility upgrades, to complement government efforts. However, they warned that a lack of transparency could hinder such partnerships, stressing that both sectors must work together for sustainable development. Nairaland Pulse News | Subscribe

🗣NLC Warns of Tough Road Ahead for New Minimum Wage Implementation The Nigeria Labour Congress (NLC) has alerted its state councils to prepare for challenges in enforcing the new N70,000 minimum wage. While the wage was secured, NLC President Joe Ajaero emphasized that full implementation is crucial. Ajaero urged labour leaders to stay united and warned of potential opposition as they fight to ensure every worker benefits from the new wage act. Nairaland Pulse News | Subscribe

🗣NNPCL allocates 48.6 million barrels of crude to Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL) has allocated 48.6 million barrels of crude oil to Dangote Refinery over the past 10 months, with monthly deliveries ranging between 3 and 5.6 million barrels. However, this supply remains below the refinery’s full capacity of 650,000 barrels per day. Meanwhile, Nigeria’s petrol imports fell by 12.6% in 2023, dropping to 20.29 billion litres, down from 23.24 billion litres in 2022, according to the National Bureau of Statistics (NBS). Diesel imports, however, increased by 23.66% during the same period. Nairaland Pulse News | Subscribe

🗣Boko Haram Terrorists Kill 5, Abduct 15 Farmers in Borno Boko Haram terrorists killed five farmers and abducted 15, including women and children, in Ngoshe, Borno State. The attack also claimed the life of a Civilian Joint Task Force member. While three women were later released, others remain in captivity. Despite efforts by security forces, the terrorists overpowered them and slaughtered five of the abductees. Nairaland Pulse News | Subscribe