The Narcotics Control Bureau (NCB), of India and the National Drug Law Enforcement Agency (NDLEA), of Nigeria have decided to work together to stop the flow of illegal drugs between both countries. According to NDLEA’s Director of Media and Advocacy, Femi Babafemi, the two agencies signed a Memorandum of Understanding (MOU), on Wednesday in Abuja. NDLEA’s chairman and CEO, Brig. Gen. Buba Marwa (retd), who signed the MoU on behalf of the NDLEA, said the agreement represented a strong partnership in the effort to eliminate drug abuse and illicit drug trafficking in the two countries. “This bold step taken by…
Author: Govima
Govima
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Speaker of the immediate past 9th House of Representatives, Femi Gbajabiamila, has resigned his membership of the 10th House following his resumption of work as the Chief of Staff to President Bola Tinubu. Gbajabiamila tendered his resignation letter on Wednesday on the floor of the House before Abass and the members of the House. After laying his letter of resignation before the House, the new Speaker, Tajudeen Abbas, read it out to the members. The former Speaker subsequently took a bow before the new Speaker and the members before walking out of the chamber amidst cheers and standing ovation from…
The Presidential Election Petition Court (PEPC), on Wednesday in Abuja admitted in evidence three sets of reports prepared by a group of statisticians on the electoral forms used during the last presidential election. The reports were brought before the court by a renowned statistician, Samuel Oduntan in aid of the petition by former Vice President Atiku Abubakar challenging Bola Tinubu as the winner of the February 25 presidential poll. In spite of objections by the Independent National Electoral Commission (INEC), Tinubu and the All Progressives Congress (APC), the presiding justice of the court, Justice Haruna Simon Tsammani admitted the three…
The Central Bank of Nigeria has permits commercial banks to freely trade foreign exchange at any rate. The authorisation means that banks now have the power to sell forex at a market-determined rate. At filing this report, it was gathered that some banks have pegged the USD to Naira rate at N699 to N750, suggesting that Nigeria is now operating a freely floating exchange rate in line with President Bola Ahmed Tinubu’s pledge to unify the rate. Reacting to the development in an Arise Television interview on Wednesday, Dr. Andrew Nevin, the Advisory Partner & Chief Economist of PricewaterhouseCoopers (PwC),…
The Nigeria Data Protection Act, of 2023 provides a legal framework for the protection of personal information and the practice of data protection in Nigeria. Dr. Vincent Olatunji, the National Commissioner, Nigeria Data Protection Bureau (NDPB), said this at the NDPD Strategic Roadmap and Action Plan (SRAP), validation workshop in Abuja, following a report making the rounds by NAN. The bill was sent to the Senate and House of Representatives for consideration and passage on Tuesday, April 4 2023, via a letter from former President Muhammadu Buhari. “Now an Act, the new law establishes the Nigeria Data Protection Commission and…
Speaker of the 10th House of Representatives has emerged in the person of Tajudeen Abbas, a member of the House of Representatives from Kaduna State. Mr. Abbas beat hollow two opponents against him by polling 353 votes, while former Deputy Speaker Idris Wase and Aminu Jaji managed three votes each. Idris Wase and Aminu Jaji powered votes were as casted for themselves and the lawmakers that nominated them. Mr. Abbas was nominated by former Majority Leader, Ado Doguwa and was seconded by Nnaji Nnolim, a member of the PDP. The former deputy speaker was nominated by Tijjani Ismail and seconded…
Senator Godswill Akpabio has been elected the President of the 10th Senate. A former governor of Akwa Ibom State, Godswill Akpabio, has been elected as the Senate President of the 10th Assembly. Akpabio is the preferred candidate of the All Progressives Congress. The voting in the election of a new Senate President had commenced with Akpabio and former Governor of Zamfara State, Senator-elect Abdulazeez Yari, going toe to toe. Following a jiffy recess, Sani Tambuwal, the Clerk of the National Assembly announced Akpabio as the Senate President, combing 63 votes choice his rival with 46 votes. The election which kicked…
President Bola Ahmed Tinubu has signed the 2023 Student Loan Act into law. The bill was passed by the 9th National Assembly but assented to by Tinubu on Monday at the Presidential Villa, Abuja, as part of measures to boost educational access and delivery at the tertiary level. The Permanent Secretary of the Federal Ministry of Education, Andrew Adejo and Dele Alake, a senior aide to the President, both explained that the act will ensure indigent students access the loans to further their education. According to Alake, the loan initiative was part of what Tinubu promised during his electioneering campaigns.…
Brand value refers to the financial worth of your brand. It is your brand’s estimated worth on a balance sheet. A brand is an intangible asset of a company and brand value helps in understanding a brand’s standing in the market in comparison with its competitors. It helps to understand how much the company’s cash inflow is derived from the brand. Linking brand value to a brand’s financial standing can give deeper insights into the brand, its market positioning and helps to make calculated and informed business decisions. The best of wrong investment is; the now cash-out mindset, and…
The Securities and Exchange Commission has declared the activities of a cryptocurrency site known as Binance illegal in Nigeria. The Commission disclosed this in a statement posted on its website recently. It stated that Binance is neither registered nor regulated by it, and its operations in the country are illegal. It noted that anyone conducting business on the exchange does so at their own risk. “It said, “The attention of the Securities and Exchange Commission (the Commission), has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web…
[highlight bgcolor=”#083810″ txtcolor=”#dee2e2″][highlight bgcolor=”#07420b”]The Joint Task 10th Assembly, a coalition of members-elect of the 10th House of Representatives across party lines, has said two leading contenders, Aliyu Betara and Yusuf Gagdi, have stepped down for the candidate of the All Progressives Congress for Speaker in the coming 10th National Assembly.[/highlight] The Tajudeen Abbas/Benjamin Kalu Joint Task Campaign Office made the claim in a statement issued on Sunday night in Abuja. The statement was titled ‘Disregard Claims that Tinubu Wasn’t Aware of Rt. Hon. Tajudeen Abbas Adoption by APC, Rt. Hon. Abbas Expresses Readiness to Win on the Floor on Tuesday,…
The Federal government, through the Nigerian Ports Authority, NPA, has inaugurated modern Control Towers for the Lagos and Tin Can Island Port complexes to boost efficiency and revenue generation. On Thursday, Mr. Mohammed Bello Koko, the Managing Director of NPA, said safety and security constitute critical operational preconditions towards actualizing the Authority’s regional hub status. While calling for adequate and improved maintenance culture by users of the facility, he noted that the tower would improve the port’s capacity and service delivery for stakeholders within the industry. Koko added that the facility would increase collaboration between government agencies. “The commissioning of…