News

Kano govt arraigns ex-KASCO MD, 2 others for alleged N4bn fraud

The Kano State government on Thursday arraigned the former managing director of the state’s Agricultural Supply Company (KASCO), Alhaji Bala Muhammad Inuwa, and two others for alleged N4 billion fraud. The two others are the ex-MD’s son, Bala Muhammad Inuwa, and incorporated Trustees of the Association of Compassionate Friends. The defendants were arraigned on a 10-count charge of criminal conspiracy, …

Read More »

Nigeria, 28 other nations sign ‘Bletchley Declaration’ on safe use of AI

Nigeria has joined 28 other countries of the world to sign the Bletchley Declaration, the world’s first agreement establishing a shared understanding of the opportunities and risks posed by frontier AI and the need for governments to work together to meet the most significant challenges. In an agreement signed on November 1, the 29 countries including the US, UK, China, …

Read More »

National Assembly approves N2.176trn 2023 supplementary budget

The N2.176 trillion 2023 supplementary budget that President Bola Ahmed Tinubu submitted to the legislature on Tuesday has been approved by the National Assembly. The budget was approved on Thursday, following the Senate’s adoption of an Appropriations Committee report, which was delivered in plenary by the committee’s chairman, Senator Adeola Olamilekan (Ogun West). President Tinubu had, in a letter read …

Read More »

Nigerian govt gives December date for return of Port Harcourt refinery

The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Friday the Port Harcourt Refining Company would resume operation by December. The minister, according to a statement issued by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba Deen Muhammad, stated this during an assessment tour of the refinery in Port Harcourt. He declared …

Read More »

House of Reps orders AGF to explain N100bn COVID-19 Funds Spending

The House of Representatives, on Wednesday, issued a 72-hour ultimatum to the Accountant General of the Federation, Mrs Oluwatoyin Madein, to submit a detailed report on the use of the N100bn COVID-19 intervention funds approved and released by the government of former President Muhammadu Buhari to ministries, departments and agencies between 2020 and 2022. The Chairman, House Committee on Public …

Read More »

Weight loss drug helps obese patients’ heart failure symptoms

Weight loss jabs can improve the symptoms of heart failure in obese patients, a new study has found this out, allowing them to exercise for longer as well as lose weight. U.S. researchers explored the use of semaglutide which is sold under the brand names Ozempic, Wegovy and Rybelsus to treat overweight people with a condition called heart failure with …

Read More »

Police demote Inspector over assault in Rivers

The Nigeria Police Force (NPF) has demoted an officer, Inspector Adejoh Siaka, for assaulting a man at Emohua, the headquarters of Emohua Local Government Area of Rivers State. Siaka was demoted from Inspector to Sergeant. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, who made this known in a statement on Sunday, September 24, 2023, said another officer, Sergeant Ndiwa …

Read More »

Tinubu didn’t ask for a presidential yacht —Aide

The Senior Special Assistant to the President on Media and Publicity, Tope Ajayi on Thursday, debunked reports that President Bola Tinubu requested for a presidential yacht. Ajayi made this clarification through a statament titled, “On Presidential Yacht And Other Matters,” in response to reports about the allocation of N5 billion Naira for a Presidential yacht in the N2.17 trillion supplementary …

Read More »

Naira gains at official market as JP Morgan sees N850/$ exchange rate by December

The naira appreciated against the dollar at the official market but steadied at N1,170 on the parallel market relieving the pressure on the foreign exchange (FX) market. The black market exchange rate remained the same on Wednesday after gaining 2.5 per cent (N30) over the US dollars on Monday. Meanwhile, multinational financial services firm, JPMorgan Chase & Co expects Naira …

Read More »

Obiano mourns Nwabueze, condoles family, others

A former Governor of Anambra, Willie Obiano, has commiserated with the people of Ogbaru, Anambra and indeed, the entire Igbo race over the demise of a legal luminary, Prof. Ben Nwabueze. Nwabueze, a respected figure in the legal community, passed on October 29, 2023, at 94. A condolence message released by Tony Nezianya, Obiano’s Publicist, on Thursday described the late …

Read More »