Day: May 30, 2023
EFCC arrests TikTok-famous ShalliPopi over alleged internet fraud
May 30, 2023The suspects will be arraigned in court at the conclusion of the investigation. The Economic and Financial Crimes Commission (EFCC) has arrested a popular Tiktok musician, Crown Uzama (known as ShalliPopi) and his manager, Ajayi Hafeez (known as 21 Badda) for alleged internet-related fraud. The agency’s spokesperson, Wilson Uwujaren, said this in a statement on […]
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Stock market hits ₦1.51 trillion gain in response to Tinubu
May 30, 2023The market exhibited a favourable response to Tinubu’s inauguration speech and his proposed plans for the country’s economy. The equities market of the Nigerian Exchange Ltd. (NGX) opened trading for the week on a bullish note driven by investors’ confidence, following the inauguration of President Bola Tinubu. Tinubu, in his inaugural speech, said on Monday […]
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Obila: Ebonyi deputy governor not interested in listening to gossip
May 30, 2023The deputy governor said that she does not listen to gossip and would treat all staff fairly. The deputy governor of Ebonyi, Patricia Obila, has said that she would not listen to gossip in her dealings with the staff of her office. Obila made the declaration on Tuesday when her predecessor, Dr Kelechi Igwe, officially […]
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FG owes NNPC ₦2.8 trillion fuel subsidy payment deficit
May 30, 2023NNPC CEO calls for an end to unsustainable subsidy regime and highlights financial strain on national oil company In a press conference held today, the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited (NNPCL), Melee Kyari, disclosed a significant fuel subsidy payment deficit of ₦2.8 trillion faced by the federal government. The […]
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Subsidy Removal: Kyari tells Tinubu fuel queues will vanish
May 30, 2023Kele says Nigeria could no longer fund the subsidy. The Nigerian National Petroleum Company Limited (NNPC) has assured Nigerians that fuel queues in filling stations, following the affirmation of the removal of subsidy, will soon vanish. Mele Kyari, the Group Chief Executive Officer (GCEO), briefed State House correspondents after meeting President Bola Tinubu on Tuesday […]
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Naira marginally rises against dollar in Tinubu’s presidency
May 30, 2023The open indicative rate closed at ₦464.10 to the dollar on Tuesday. The naira appreciated against the dollar on Tuesday, exchanging for ₦464.50 at the Investors’ and Exporters’ window compared with the ₦464.51 to the dollar at the close of business on May 26. The open indicative rate closed at ₦464.10 to the dollar on […]
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New Abia governor Alex Otti freezes state’s bank accounts
May 30, 2023Otti also directed the immediate dissolution of all boards of the government agencies and parastatals. Governor Alex Otti of Abia has directed the immediate freezing of all the State Government accounts and those of agencies domiciled in banks and other financial institutions in the country. Otti’s directive is contained in a statement issued in Umuahia […]
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New Benue Governor lays foundation for 100 housing units
May 30, 2023The project is the first by the new administration less than a day after assuming duty as governor. Benue Governor, Rev. Fr Hyacinth Alia, on Tuesday laid the foundation for the construction of 100 housing units as part of efforts to address the housing deficit in the state. The project is the first by the […]
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Ganduje denies seeking appointment from Tinubu
May 30, 2023Ganduje explains why he was absent from inauguration. In a recent interview with BBC Hausa, Abdullahi Umar Ganduje, the immediate past Governor of Kano, clarified that he is not actively pursuing any appointment from President Bola Tinubu. However, he acknowledged that he would accept an appointment if it were offered to him. During the interview, […]
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Tribunal admits US court judgment ordering Tinubu’s forfeiture of $460,000
May 30, 2023Court accepts evidence in Labour Party candidate’s petition against Tinubu’s election victory In a significant development, the Presidential Election Petition Court in Abuja admitted a judgment from a United States District Court that reportedly indicted Asiwaju Bola Ahmed Tinubu, a prominent political figure, and ordered the forfeiture of $460,000 in drug-related offenses. The judgment, a […]
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