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Easter: Anglican Bishop, Akinfenwa warns Christians against extravagance.

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CHRISTIANS have been enjoined to shun all forms of extravagance and spend within their means during the Easter celebration.

MOST Reverend Joseph Akinfenwa, the Bishop of Ibadan Anglican Diocese gave the advice, while lamenting the increasing rate of poverty in Nigeria.

According to a press statement issued, the Bishop advised , “Christians should celebrate with modesty, and avoid going into debt. Instead, our surpluses should be channeled into providing succor to the needy.

He stressed the need for Nigerians to draw nearer to God, “most importantly, let us all seize the occasion of this season to draw closer to God and to know Him better through His Son, Jesus Christ”.

Akinfenwa further expressed regrets , “has Nigerians are celebrating Easter in the midst of excruciating economic pain and under great anxiety over insecurity and political persecution. Our nation is witnessing an economic downturn of monumental proportwith a decline in the value of the Naira that is unprecedented in our history.

“Nigerians needs to pray more. We admonish the three arms of government in this nation to urgently bury the hatchet and begin to work together in the overall interest of the masses. For what the Nigerian masses can observe suggests that the executive, the legislature and the judiciary in Nigeria are presently having adversarial relationships.

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“As we celebrate Easter, therefore, we appeal to feuding elements in the three arms of government to consider the interests of poor Nigerians over and above their narrow personal interests”.

He also stated that Jesus Christ laid down his life for the salvation of our souls. In doing so, he left us an example of how leadership should be exercised for the pursuit of the good and wellbeing of others.

Bishop Akinfenwa, therefore tasked Nigerians to reflect on this lesson as we celebrate; just as he admonished the leaders as well as the led to shun selfish, self-centered lives henceforth. “A major lesson of Easter is that we must all learn to live for others”, he reiterated.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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