The Monetary Policy Committee’s (MPC) decision to maintain a hawkish stance and raise the benchmark interest rate has caused consternation not only in the financial industry, but also among organised private sector operators who believe the hike will further restrict their access to credit. The MPC raised interest rates for the second time this year in an attempt to slow …
Almost a year after President Muhammadu Buhari launched the Central Bank Digital Currency (CBDC), known as the eNaira, it has yet to fully permeate the financial industry, a situation the Central Bank of Nigeria (CBN) blamed on the country’s banks’ uncooperation. The governor of the Central Bank of Nigeria, Godwin Emefiele, stated last week that the use of the enaira …
Ambassador Mariam Katagum, Minister of State for Industry, Trade and Investment, applauded the recent approval obtained by the Standards Organisation of Nigeria (SON) to return to the ports in order to collaborate with the Nigerian Customs Service (NCS) to combat the menace of substandard at all entry points in Nigeria. She also reaffirmed his ministry’s commitment to assisting SON in …
As part of its efforts to alleviate the harsh economic crunch on youths, leading technology conglomerate, the Zinox Group, recently offered employment to a batch of unemployed Nigerian graduates who successfully completed its internship programme. The successful graduates were among the second batch of participants who completed a 30-day intensive Mini-MBA training programme organised by the Zinox Institute of Technology …
Peter Sorro, a police inspector, was killed during a shootout with suspected kidnappers in Ifewara, Osun State. It was also revealed that one of the kidnappers, a suspected Fulani herdsman, was killed during the gun battle. On Sunday, the Osun State Police Command Public Relations Officer, Yemisi Opalola, revealed that the late Inspector Peter and two other police officers from …
Officers from the Lagos State Police Command apprehended four phoney soldiers. They were apprehended by operatives of the Iju Division led by the DPO, CSP Gbenga Stephen. SP Benjamin Hundeyin, Public Relations Officer, said they were apprehended in the Iju area on Sunday. The police stopped the impersonators in a Mazda 3. They are Samuel Abel, 28, Victor ljeemai, 35, …
Security personnel in Abuja arrested an ad hoc staff member of a COVID-19 Vaccination Centre for issuing fake vaccination cards to some international travellers. Mal Mohammad Ohitoto, the NPHCDA’s Head of Public Relations, announced this in a statement on Monday. Before his arrest, Dauda Abu-Huraira worked as a recorder at the COVID-19 vaccination site at Wuse General Hospital in Abuja. …
Terrorists attacked travellers on the Jibia-Katsina road on Sunday afternoon. On Sunday morning, bandits attacked a Katsina State Transport Authority bus with the licence plate KT 14D-58 KT, killing at least three people, including the driver. The attack, which involved a commercial coastal bus bearing the registration number KT 14D-58 KT and operated by Katsina State Transport Authority (KSTA), took …
The Nigerian military has revealed that terrorists intend to attack three more prisons in the country. According to new military intelligence, terrorists intend to free their detained fighters by attacking prison facilities in Gusau, Birnin Kebbi, and Katsina. It was learned that the plan is to attack the prisons sequentially due to limited logistics, as they would have attacked simultaneously. …
A leader of an Anambra State vigilante group and three others have reportedly been arrested for alleged involvement in kidnapping in the state. According to sources, police recovered four AK-47 rifles that were said to have been buried in the vigilante leader’s backyard. According to police sources, the suspect was involved in the kidnapping of people in his neighbourhood. The …
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, has stated that the Labour Party presidential candidate, Peter Obi, cannot cause an upset in next year’s presidential election. Atiku, Nigeria’s former Vice President, stated this in an exclusive interview with Arise TV, which aired on Friday morning. He stated that Obi, who was his former vice presidential candidate alongside …
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), has insisted that he did not reject Rivers State Governor Nyesom Wike. Atiku said this in response to the controversy surrounding his choice of running mate, Ifeanyi Okowa, and why he did not choose Wike. In an interview with Arise TV on Friday morning, Atiku stated that he only …
The Federal Government arraigned Ahmed Idris, a former Accountant General of the Federation, and two others before Justice Adeyemi Ajayi of the Federal Capital Territory High Court on Friday. The Economic and Financial Crimes Commission also charged Godfrey Olusegun Akindele, Mohammed Kudu Usman, and Gezawa Commodity Market and Exchange Ltd. The defendants are being charged with 14 counts of stealing …
The Bauchi State Police Command has confirmed the kidnapping of a 25-year-old pregnant woman, Rahila Dau, at Gizaki Village of Lusa Ward in the state’s Bogoro Local Government Area. The incident occurred on July 16, according to the Command’s spokesman, SP Ahmed Wakil, who confirmed the incident to newsmen in Bauchi. He stated that the incident was reported to the …
According to US Press Secretary Karine Jean-Pierre, US President Joe Biden is working in isolation after testing positive for COVID-19 despite being fully vaccinated and twice boosted. This comes just two days after President Biden tested negative for the coronavirus despite having mild symptoms and starting Paxlovid. “Consistent with CDC guidelines,” Jean-Pierre said in a statement, “he will isolate at …
Christopher Bakare, the supervisor at the late former Governor Christopher Adebayo Alao-farm, Akala’s who was kidnapped last Saturday evening on the farm at Jabata, Surulere local government area of Oyo State, has regained his freedom. According to a family source, he was released on Wednesday after a N5 million ransom was paid. His kidnappers demanded N100 million at first, but …
Netflix has announced plans to launch a lower-cost, ad-supported plan in the first quarter of 2023. In a Q2 letter to shareholders, the company revealed that the plan will be tested in a few of its markets where “advertising spend is significant.” “We’ll likely start in a handful of markets where advertising spend is significant,” according to the letter obtained …
MINUSMA, the United Nations peacekeeping mission in Mali, has expressed regret over the expulsion of its spokesperson. The Malian government has ordered the UN Deputy Chief Communication and Spokesperson, Olivier Salgado, to leave the country within three days for making ‘unacceptable’ comments about the controversial arrest of dozens of Ivorian soldiers in Bamako. Efforts at Peacekeeping Mr. Salgado had stated …
Sri Lanka has sworn in Ranil Wickremesinghe as president, with hopes that he will lead the country out of its economic crisis. Mr. Wickremesinghe, the former prime minister, is widely despised by the public, but some protesters have said they will give him a chance. He took the oath in the heavily guarded parliament complex. The economic crisis has caused …
Mario Draghi, Italy’s Prime Minister, has resigned. The resignation comes a year and a half after he was appointed as Italy’s unelected head of a unity government. He informed President Sergio Mattarella that he was stepping down after three parties in his government refused to support him in a confidence vote the night before. The president has asked to remain …
