Author: Abimbola Ogunnaike

The Central Bank of Nigeria (CBN) has explained that monthly revenue releases by the Federal Account Allocation Committee (FAAC) are impacting Nigeria’s foreign exchange pressures. The Governor of CBN, Olayemi Cardoso made this disclosure in his remarks after the CBN 297th Monetary Policy Committee meeting held on Tuesday, 24 September, 2024. The Apex Bank boss, who raised alarm over the growing level of fiscal deficit in the country, added that members of MPC have observed a strong correlation between FAAC and the Liquidity level in the banking system and exchange rates. “Members were also concerned about the growing level of…

As parts of efforts to boost liquidity in the country, the Central Bank of Nigeria(CBN) has disclosed that it will N1.4 trillion into the financial sector. The Governor of the CBN, Olayemi Cardoso, made this disclosure on Tuesday, 24 September, 2024 during a press conference at the end of the 297th Monetary Policy Committee. Responding to questions on cash insufficiency in banks’ Automated Teller Machines (ATM), Cardoso said the apex bank is working to provide a solution. According to him, the bank will impose sanctions on banks sabotaging the system. “Another N1.4 trillion is likely to be delivered in another…

The Academic Staff Union of Universities(ASUU) has given the Federal Government a fresh 14-day ultimatum to resolve pending issues. ASUU President, Emmanuel Osodeke, who stated this in a statement issued on Wednesday, 25 September, 2024, said they were frustrated with the government’s lack of commitment and delay tactics. Hence, it has given the President Bola Tinubu government a 14-day ultimatum which starts on Monday, 23 September 2024. The statement read: “In view of the foregoing, ASUU resolves to give the Nigerian Government another 14 days, in addition to the earlier 21 days, beginning from Monday, September 23, 2024, during which…

 Barely 24 hours after President Bola Tinubu wrote to the Senate, asking the House to screen and confirm Justice Kudirat Kekere-Ekun  as the new Chief Justice of Nigeria, CJN, the Upper Chamber has screened her for the post. The Senate on Wednesday 25 September, 2024 confirmed the appointment of Justice Kudirat Kekere-Ekun as substantive Chief Justice of Nigeria after screening. Thegazellenews.com reports that Kudirat Kekere-Ekun has been serving as CJN in an acting capacity since August following the retirement of Olukayode Ariwoola. At the commencement of the screening on Wednesday, 25 September, 2024, Kekere-Ekun was accompanied by Justices of the various courts…

The European Union has released €5.4 million in humanitarian aid to help the most affected populations in the aftermath of the devastating floods in Chad, Niger, Nigeria, Cameroon, Mali and Burkina Faso. Nigeria, according to a statement on Monday, 23 September, 2024, would be getting €1.1 million. More than 4.4 million people are estimated to be affected in the six countries by floods which led to the destruction of houses, public health facilities, water systems, schools and sanitation facilities as well as roads, infrastructures, and agricultural areas. There is apprehension that the lack of access to water, hygiene, and sanitation…

By Nicholas Oluka Former Governor of Kogi State, Mr. Yahaya Bello’s theatrics and calculated moves to impress the public last week about his resolve to honour the invitation of the Economic and Financial Crimes Commission, EFCC, are still fresh in our memory. First, the former Governor, who had loudly denied being invited by the EFCC over an alleged N80.2billion money laundering offences, recanted and stormed the premises of the anti-graft agency in a cavalier manner. His swash-buckling approach to criminal summons by the EFCC shows a total lack of discretion and good judgment. How can a fugitive appear in public…

By Kamaru Adebiyi LET’S face it: equity and natural justice dictate that the Ogun West Senatorial District should produce the next governor of Ogun State. Since the return to civil rule in 1999, the zone has not produced an occupant of the Oke-Mosan Government House, and that has not been for lack of interest or effort. Rather, the downturn in its fortunes has been due largely to internal bickering and the devious schemes of certain individuals outside the zone who have become adept at using certain saboteurs within the zone to scuttle its interests. Politics being a game of numbers,…

The Nigerian Red Cross Society, with support from the International Federation of Red Cross and Red Crescent Societies, has launched an emergency appeal to assist the most vulnerable individuals across Nigeria over the next eighteen months. The appeal aims to raise N2.5bn, focusing on enhancing livelihoods, health, nutrition, and WASH (Water, Sanitation, and Hygiene) services in the most affected regions. This was disclosed in a statement issued Monday, 23 September, 2024, signed by the NRCS Coordinator of Communications and Advocacy, Chima Nwankwo. “The Nigerian Red Cross Society intends to raise N2.5bn to mitigate the effects of severe hunger and malnutrition…

The Deputy Governor of Edo State, Philip Shaibu, has mocked his principal, the state governor, Godwin Obaseki, over the result of the just concluded governorship election in the state. Shaibu said he felt vindicated after Obaseki lost his local government area for the Peoples Democratic Party (PDP), noting that he holds no grudge against the outgoing governor. The Deputy governor, who stated this while reacting to the outcome of the 2024 governorship during a chat with Arise TV on Monday, 23 September, 2024, noted that Obaseki had never won an election,. According to Shaibu, the All Progressives Congress’s victory vindicated…

Senator Monday Okpebholo has been declared the winner of the Edo State governorship election held on Saturday, 21 September On Sunday, 22 September, 2024 the Independent National Electoral Commission(INEC) declared Okpebholo, the governorship candidate of the All Progressives Congress(APC) as the winner of the keenly contested poll. The Returning Officer for the election, Prof. Faruq Adamu Kuta, Vice Chancellor of the Federal University of Technology, Minna, announced the result at the INEC collation centre in Benin City. According to the electoral umpire, Okpebholo secured 291,667 votes, winning eleven out of the 18 Local Government Areas in the state, while Asue Ighodalo of…

Hours after the governorship election in Edo State was concluded, the Peoples Democratic Party in Ondo State chapter has rejected the outcome of the poll, describing it as another rape on democracy, Thegazellenews.com reports. Thegazellenews.com reported that the Independent National Electoral Commission, on Sunday, 22 September, 2024 declared Monday Okpebholo, the governorship candidate of the APC as the winner of the keenly contested election. He polled 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party, who secured 247,274 and Olumide Akpata of the Labour Party, who came a distant third with 22,761 votes. In a statement issued on…

The Governor-elect of Edo State, Monday Okpebholo, under the platform of All Progressive Congress (APC), has vowed to start from where former governor of the Adams Oshiomhole stopped just bas he also promised to bring the South-South state to an enviable height when he assumes office. The Independent National Electoral Commission, on Sunday, 22 September, 2024 declared Okpebholo, the governorship candidate of the APC as the winner of the keenly contested election. He polled 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party, who secured 247,274 and Olumide Akpata of the Labour Party, who came a distant third…

Sunday Adeleye, a student of Olabisi Onabanjo University, Ago Iwoye, Ogun State now in custody at the Lagos State Police Command Tactical Unit in Ikeja, admitted to killing Idowu a church member due to financial difficulties. “I killed her because I had financial problems,” he stated, describing in details how he lured the victim to his home under the pretence of repairing her phone. The incident occurred when Idowu, an Industrial Training student at Yaba College of Technology, visited Adeleye’s residence. “She came to our house around 5pm on the day of the incident and asked me to repair her…

The Nigerian Meteorological Agency (NiMet) has released a weather outlook predicting thunderstorms nationwide from Monday, 23 September 2024, to Wednesday, 25 September, 2024. The outlook forecast morning thunderstorms on Monday, 23 September, 2024 in some parts of Sokoto, Kebbi and Borno States while parts of Borno, Yobe, Jigawa, Taraba, Adamawa, Gombe, Bauchi, Kano, Katsina, Kaduna, Zamfara, Kebbi, Sokoto States would experience the phenomenon later in the day. The statement added, “Thunderstorms are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Benue, Plateau and Kwara states during the morning hours. “In the afternoon and evening periods, isolated thunderstorms are…

Director General of  the National Agency for Food and Drug Administration and Control (NAFDAC) Prof. Mojisola Adeyeye, has disclosed that that 14.4 per cent or 14.3 million Nigerians are victims of drug abuse. Adeyeye made this disclosure at event tagged ‘NAFDAC Catch Them Young Programme,’ adding that it focuses on drug abuse education and awareness campaigns on the menace of drug abuse in Nigeria. NAFDAC boss, who disclosed that agency also launched the NAFDAC consumer safety club, said the launching is an initiative geared towards reducing the prevalence of drug abuse among secondary school students. Speaking at the launching of the initiative at the weekend…

The committee on consequential salary adjustments recently constituted by the federal government arising from the new Minimum Wage Act 2024 has concluded its assignment with both parties’ signing a Memoranda of Understanding (MOU). The federal government penultimate Friday, 20 September, 2024 formally inaugurated a 16-member consequential adjustments in salaries arising from provisions of the National Minimum Wage Act, 2024, of N70,000, approved by President Bola Tinubu. The Chairman of the committee and Head of the Civil Service of the Federation (HCSF), Mrs. Didi Walson-Jack inaugurated the committee on behalf of President Bola Ahmed Tinubu. The president on July 18 this…

Borno State Governor, Prof Babagana Umara Zulum, has disclosed that N4.4 billion has so far been credited to the relief account to ameliorate the suffering of flood victims in the state. The state government had established a dedicated account aimed at supporting the ongoing efforts to alleviate the hardships facing those affected by the Maiduguri flood disaster. “So far, we acknowledged a pledge of N13,195,500,000; however, as of yesterday (Sunday), we received a total amount of N4,441,494,902.81. All allocations to this account shall be made public in due course.” The governor, who made this disclosure while inaugurating the 35-member Relief…

Operatives of the Bauchi State Police Command have arrested Dauda Saidu, a 21-year-old scavenger, for allegedly desecrating a grave at Yelwa Christian Cemetery in the metropolis and stealing iron rods. The Command’s Public Relations Officer, Ahmed Wakil, who made this disclosure in a statement on Sunday, 22 September, 2024, said that the suspect was apprehended on 20 September, 2024, over trespassing, vandalism, and theft. “Saidu unlawfully entered the Christian cemetery in the Yelwan Kagadama area of Bauchi, damaging several graves and stealing iron rods in broad daylight,” Wakil stated. During interrogation, Saidu confessed to the crimes, admitting he had stolen…

The National Chairman of the All Progressives Congress, (APC), Abdullahi Ganduje, has congratulated Monday Okpebholo for emerging as Edo Governor-elect under the platform of the party. Ganduje, in a statement by Mr Edwin Olofu, his Chief Press Secretary, on Sunday, 22 September, 2024 in Abuja, said Okpebholo’s victory was well-deserved. The former governor of Kano state said the triumph was a testament to the confidence the good people of Edo had in the progressive vision and leadership of the President Bola Tinubu-led APC administration. Ganduje, while conveying the party’s warmest felicitations to Okpebholo, stressed that his victory reflected the trust…

In what is regarded as one of the deadliest workplace accidents in Iran history in years, a devastating explosion caused by a gas leak at a coal mine in Tabas, eastern part of the country, has killed no fewer than 51 people According to state media the blast occurred on the night of Saturday,21 September, 2024 around 9:00pm local time (1730 GMT) at the mine in South Khorasan province. According to reports, approximately 70 workers were present at the site during the incident and 20 others were injured. Earlier reports placed the death toll at 30, but officials have since…