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Residents of Uvwie and Warri South Local Government Area of Delta State, on Friday took to the street to protest against lack of access to the naira. The protest forced some banks to suspend activities. Scores of market women barricaded the Warri-Sapele Road and NPA Expressway, ground activities in the areas. The protesters also laid … [Read more…]
A High Court sitting in Port Harcourt has convicted and sentenced to death by hanging, two former members of the disbanded Special Anti-Robbery Squad for extra-judicial killing. Recall that five members of the SARS team, ASP Samuel Chigbu, Shedrack Ibibo, Magus Awuri, Ogoligo, and Olisa Emeka were standing trial for killing Michael Akor and Michael … [Read more…]
President Muhammadu Buhari on Friday asked Nigerians to give him seven days to resolve the cash crunch following the Central Bank of Nigeria (CBN)’s redesigning of the naira notes. He said this while speaking to the Progressive Governors’ Forum (PGF) who visited him at the Presidential Villa in Abuja to seek solutions to the cash … [Read more…]
The Central Bank of Nigeria (CBN) in a bid to address the long queues at Automated Teller Machines nationwide directed Deposit Money Banks to begin paying the newly designed notes over the counter to customers immediately not exceeding a maximum of N20,000. The apex bank also said it would, in conjunction with the Nigerian Police … [Read more…]
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new naira notes across the country. The residents, including traders and commercial drivers, are also rejecting the old naira notes, insisting that customers who do not have the new redesigned currency … [Read more…]
The Federal Executive Council yesterday approved N15,569,016,812 for various contracts in the Ministries of Works and Housing; Education as well as Industry, Trade and Investment. The Minister of Works and Housing, Babatunde Fasola, said: “The two states that had outstanding with respect to eligible roads were Plateau and Borno States and Council approved the refund … [Read more…]
The Abuja division of the Federal High Court has granted an application by the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, to apply for an order of mandamus compelling the Department of State Service (DSS) to allow him to have unhindered access to his medical doctors. In his suit marked FHC/ABJ/CS/ … [Read more…]
The Indigenous People of Biafra (IPOB) has warned the presidential candidates seeking to succeed President Muhammadu Buhari in May 2023 to desist from using its detained leader Nnamdi Kanu to campaign ahead of next month’s election. IPOB gave the warning on Wednesday in a statement by its Media and Publicity Secretary, Emma Powerful, while reacting … [Read more…]
Chetanne Chinelo, Enugu Tricycle riders and Bus drivers have reportedly taken to the streets of Enugu to register their displeasure over the high cost of fuel and scarcity of the product. Although a developing story, our correspondent gathered that the protestors at Agbani Road, Wednesday, February 1, 2023, bemoaned the high cost of purchasing PMS … [Read more…]
More than half a million British workers are due to take strike action through Wednesday, with unions across a range of sectors in industrial disputes over pay and working conditions. They include 300,000 teachers in England, who the National Education Union says have experienced at least a 23% real-terms pay cut since 2010; teachers across … [Read more…]
NNPC Limited remains the Concessionaire of the assets in line with extant laws and regulations. The Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum Development (Nigeria) Limited. This is coming three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, … [Read more…]
The Independent National Electoral Commission (INEC) has expressed fears that ongoing fuel scarcity may affect its logistics for the forthcoming elections. Its chairman, Prof. Mahmood Yakubu stated this, yesterday, at a consultative meeting with the National Union of Road Transport Workers (NURTW). He said challenges with logistics have remained a perennial problem in elections administration … [Read more…]