The United States has pledged an additional $163 million in humanitarian assistance to address the ongoing crisis in Sudan. U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, made this announcement during her visit to Chad. This funding comprises $60 million from the U.S. Agency for International Development (USAID) and nearly $103 million from the U.S. Department of State. It reflects the United States’ continued commitment to supporting the people of Sudan and those affected by the regional crisis. The Sudanese Armed Forces and Rapid Support Forces have been engaged in persistent conflict since April 15, resulting in a significant loss…
Author: Editor Francis
In turn around event, Sanwo- Olu administration of Lagos State government has dissolved its Park and Garages Committee (LASPG) to allow the National Union of Road Transport Workers (NURTW) to coordinate activities across motor parks and garages in the state. It was gathered that the Lagos governor instructed the Ministry of Transportation to dissolve the committee and return NURTW. This dissolution was made on Friday after the state government lifted the indefinite suspension placed on NURTW barely one year and a half ago over internal leadership wrangling between members. After weeks of mediation by the Lagos State Government between the…
The Department of State Services (DSS) has launched a comprehensive investigation into a substantial economic fraud case, implicating Olam Nigeria Limited, Olam International, and nine associated subsidiaries, amounting to over $50 billion. This investigation centres on a series of round-trip foreign exchange transactions that have been ongoing since 2015. Olam, through its Special Purpose Vehicles (SPVs), purportedly registered approximately $34 billion as capital importation with the Central Bank of Nigeria (CBN) at official exchange rates. However, instead of utilising these funds for investments in the Nigerian economy, the company is alleged to have engaged in round-tripping of foreign exchange, selling…
Those who had an experience with my data and information being stolen would never forget these horrible experiences. For some, only their bank account was attacked yet some never retrieved it all. If that is never your case, you probably must have an experience of your Facebook, Instagram, WhatsApp, or Email hacked. Once hacked, they change all information about you or use your personality to dupe your loved ones. You must have heard ‘phishing’ before, and if you have not, Phishing is a type of scam that falls under the category of social engineering. The recipient is subsequently deceived into…
According to the monetary committee report of the Central Bank of Nigeria, it has been revealed that, the Apex debited N216 billion from banks’ deposits in June. Prof. Adenikinju, a member of the MPC, disclosed the development in his personal report at committee meeting and said the deducted funds were statutory Cash Reserve Ratio (CRR). The CRR is a portion of banks’ deposits kept with the CBN for liquidity management. The report additionally mentioned that financial soundness indicators continue to reflect positivity, affirming the enduring strength, stability, and resilience of the banking system. “The capital adequacy ratio (CAR), declined to…
Peter Obi, Presidential Candidate of the Labour Party (LP), says he rejected the Presidential Elections Petition Court judgement delivered on the outcome of February 25, 2023. Obi spoke during a news conference at his Onitsha residence on Thursday. He acknowledged that though the PEPC’s adhered to the statutory time frames, but he totally disagree with the judgement’s rationale and final conclusion. “I express respect for the Court’s views and rulings but openly disagree with the judgment’s rationale and final conclusions,” he said. Obi announced his intention, in his capacity as a presidential candidate and on behalf of the Labour Party,…
The Gross Domestic Product (GDP), report has ranked Nigeria, 31st among the most productive economies in 2022. Gross Domestic Product (GDP), serves as the conventional gauge for assessing the total value generated from the production of goods and services within a country over a specific timeframe. Topping the list is the United States of America, followed by China and Japan in third place. Nations are ranked according to nominal GDP assessments by financial and statistical organisations. T These evaluations are computed using market or official government exchange rates. Nominal GDP does not factor in variations in the cost of living…
Recall that President Tinubu nominated El-Rufai for the ministerial position, but was not confirmed by the Senate, and E-Rufai later declined the nomination and nominated Mr. Ja’afaru Sani, a commissioner in his cabinet, for the position. The reason for his turndown was not known but later in the week of his turndown, the former Kaduna governor tweeted, quoting a part of Jamaican legend and late musician, Bob Marley’s ‘Who The Cap Fit.’ El-Rufai said, “Bob Marley, of blessed memory, is one of most talented musicians of all time. My love for reggae music is connected with his songs and music.”…
The presidential election petitions court, has uphold the victory of President Bola Ahmed Tinubu in the 2023 general elections. The tribunal in its lead judgement dismissed all the petitions against him. “Having considered and decided that all three petitions are all devoid of merit, the petitions are hereby dismissed,” the court held. Celebraing the victory , the Lagos state Governor Mr. Babajide Sanwo-Olu has congratulated President Bola Tinubu on his victory at the Presidential Election Petition Court The Lagos Governor through his Chief Press Secretary, Mr. Gboyega Akosile, He described the victory as Nigerians speaking through their ballot and the…
The Nigeria Labour Congress (NLC), has concluded its two-day warning strike and has directed its members to return to work on Thursday, September 7. During this strike, NLC affiliate unions demonstrated unwavering commitment to defending Nigerian workers and citizens against the economic challenges they face. The NLC commended its affiliate unions for their robust participation in the strike action. The NLC has conveyed a strong message, indicating that if the Federal Government does not take effective measures to alleviate the hardships caused by the removal of fuel subsidy, the unions are prepared to embark on an indefinite industrial action. A…
The Labour Party (LP), has conveyed its disappointment following the dismissal of their petitions by the five-man panel of the Presidential Election Petition Court (PEPC), headed by Justice Haruna Tsammani. The tribunal’s ruling pertained to the petition brought forward by the Labour Party and its presidential candidate, Peter Obi. the tribunal struck out the petition that had been filed against President Bola Tinubu and Vice President Kashim Shettima, deeming it as incompetent. This outcome has left the Labour Party and its supporters disheartened by the court’s verdict. Reacting, National Publicity Secretary of LP, Obiora Ifoh, said justice was not served…
The Presidential Election Petitions Court has delivered a ruling dismissing the grounds put forth by the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, which alleged dual citizenship and a drug conviction against President Bola Tinubu. In a judgment addressing objections raised by the All Progressives Congress (APC), and President Tinubu regarding issues related to President Tinubu’s eligibility to contest the February 25 presidential election, Justice Moses Ugo declared that these grounds constituted new issues. Justice Ugo upheld the objections presented by the APC and President Tinubu, asserting that Atiku Abubakar and the PDP could not introduce new…