News - NewsNow Nigeria

19Apr

By Mariam AbdullahiNo Comments

Headlines

Ademola Adeleke Reverses Decision on New Osun State Logo

Requests have been made by the Osun State Governor, Ademola Adeleke, for new logo designs representing Osun State. Submissions are open from today until Friday, April 26. This decision was made in response to public and opposition concerns regarding the initially released design on the state government's social media platform. Back in July 2023, the Osun State House of Assembly repealed the existing state Anthem, Crest, and Flag Law of 2012, replacing it with a new regulation allowing the executive branch to create a new logo for the state. Governor Adeleke had initially endorsed a bill adopting the new logo; however, it was met with criticism. The opposition party in Osun State, Allied Peoples Movement, c...

Arrest of Fubara’s Supporters by Police at PDP NEC Meeting in Abuja

19Apr

By Mariam AbdullahiNo Comments

Headlines

Arrest of Fubara’s Supporters by Police at PDP NEC Meeting in Abuja

During the National Executive Committee meeting of the PDP in Abuja, two loyalists of Rivers State Governor, Siminalayi Fubara, were allegedly arrested. Among them was Sokari Goodboy, a current member of the state House of Assembly, and Ezebunwo Ichemati, a PDP chieftain in the state. Goodboy, who represents Aboada West Constituency in the State House of Assembly, is known to be one of the three lawmakers loyal to Governor Fubara. The political crisis between Fubara and his predecessor, Nyesom Wike, who is now the Minister of the Federal Capital Territory, has been ongoing since last year. The arrest of Fubara's supporters reportedly occurred outside the venue of the PDP meeting in Abuja. A viral video showed a member of Fubara's media team alleging that the arres...

Report: FG Plans to Make Fiber Cable Damage a Criminal Offense

19Apr

By Mariam AbdullahiNo Comments

Headlines

Report: FG Plans to Make Fiber Cable Damage a Criminal Offense

In response to ongoing complaints from major telecommunications companies like MTN Nigeria Communications Plc, Nigeria is considering making the destruction of broadband fiber cables a criminal offense. Sources familiar with the matter have revealed that the Works Ministry, which oversees federal road construction, is in the final stages of drafting regulations. These regulations are expected to be enacted into law through an executive order signed by President Bola Tinubu. While laws against vandalism already exist, authorities are looking to increase oversight of construction companies. The forthcoming executive order will impose harsh penalties on offenders, although specific details and the signing date have not been disclosed. A senior presidential aide, Temitope Ajayi, emphasize...

Endorsement from Tinubu for Chess Star Onakoya’s Record Attempt

19Apr

By Mariam AbdullahiNo Comments

Headlines

Endorsement from Tinubu for Chess Star Onakoya’s Record Attempt

President Bola Tinubu and other notable figures have thrown their support behind chess Grandmaster, Tunde Onakoya, as he strives to break the Guinness World Record for the longest unbeaten chess marathon, as per reports from NewsNow. Commencing at 10am on Wednesday, April 17 in Times Square, New York, Onakoya has embarked on a 58-hour journey to surpass the current Guinness World record for the longest unbeaten chess marathon. According to Tiltify, his endeavor is projected to wrap up at 8pm on Friday (US time today). The existing Guinness World record for the longest chess marathon stands at 56 hours, nine minutes, and 37 seconds, established by Hallvard Haug Flatebø and Sjur Ferkingstad of Norway on November 11, 2018. At the time of reporting, Onakoya had already exceeded 30 ho...

New Group Managing Director Joins Abuja Investments Company

19Apr

By Mariam AbdullahiNo Comments

Headlines

New Group Managing Director Joins Abuja Investments Company

Assuming office as the Group Managing Director of the Abuja Investments Company Limited is Dr. Maureen Tamuno. Tamuno's appointment was officially announced by the company, expressing delight in welcoming her to the position effective April 8. This announcement closely followed the statement by Nyesom Wike, the Minister of the Federal Capital Territory, with Tamuno's appointment being retroactive to April 4. A significant highlight of the statement was the recognition of Tamuno as the first female Group Managing Director in AICL's three-decade history. An alumna of Abubakar Tafawa Balewa University, Tamuno holds a degree in Management Studies and furthered her academic pursuits with a Post-Graduate Diploma in Management, an MBA in Marketing, and a Ph.D. in Marke...

Ribadu Expresses Concern Over Booming Illegal Firearms Market in Northern Nigeria

19Apr

By Mariam AbdullahiNo Comments

Headlines

Ribadu Expresses Concern Over Booming Illegal Firearms Market in Northern Nigeria

Addressing a convocation lecture at Usmanu Danfodiyo University, Sokoto, the National Security Adviser to the President, Mallam Nuhu Ribadu, raised alarm over the growing illegal firearms trade in the North, particularly in the face of escalating poverty levels, with the North-West region being the hardest hit. Ribadu's presentation, titled ‘Navigating the Maze: Addressing Multi-Dimensional Insecurity Challenges in Northern Nigeria,’ highlighted the concerning trend. Pointing out the surge in demand and supply of illegal arms in the North, Ribadu noted the sophisticated networks established by criminals and traffickers for smuggling weapons across the country, using innovative tactics to evade security ch...

N3.2 Trillion Subsidy Needed by FG to Reverse Electricity Tariff Hike – NERC

19Apr

By Mariam AbdullahiNo Comments

Headlines

N3.2 Trillion Subsidy Needed by FG to Reverse Electricity Tariff Hike – NERC

According to Sanusi Garba, the Chairman of the Nigeria Electricity Regulatory Commission (NERC), the Federal Government of Nigeria will require N3.2 trillion in 2024 to undo the recent increase in electricity tariffs. He made this announcement during a meeting with stakeholders convened by the House of Representatives Committee on Power in Abuja. Garba expressed that while the current investments in the sector are praiseworthy, they are insufficient to ensure a consistent power supply throughout the nation. He emphasized that without a complete overhaul of the sector, which includes addressing fluctuations in foreign exchange rates, Nigeria will continue to face challenges in power supply. Before the recent tariff review, distribution companies were only required ...

Report: Dangote Refinery Increases Production with US Crude Imports

19Apr

By Mariam AbdullahiNo Comments

Headlines

Report: Dangote Refinery Increases Production with US Crude Imports

Taking advantage of cost-effective oil imports from the United States for approximately a third of its feedstock, the Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is now in the process of scaling up its production. According to a recent report by Bloomberg, the refinery has commenced shipments of products in recent weeks while preparing two units to facilitate gasoline production, which is anticipated to bring about significant changes in the fuel market landscape in both Nigeria and the wider region, as per analysts' assessments. Alan Gelder, Vice President of Refining, Chemicals, and Oil Markets at Wood Mackenzie consultancy firm, expressed that "Dangote is poised to impact the Atlantic Basin gasoline markets during the upcoming summe...

19Apr

By Mariam AbdullahiNo Comments

Headlines

APC Urges IG to Arrest Nine Suspects

A petition has been submitted by the All Progressives Congress, accusing nine individuals of orchestrating the suspension of its National Chairman, Dr. Abdullahi Ganduje, whom they claim are impostors. The party has called upon the Inspector-General of Police, Kayode Egbetokun, to apprehend them. Prof. Abdulkareem Kana, the APC National Legal Adviser, drafted the two-page petition, which specifically names the suspects as Auwalu Jemomi, Muhde Weti, Danmala Gale, Samaila Haladu, Laminu Sani Barguma, Musa Lado Lado Maishayi, Amadu Maishayi, and Umar Amarwa. In the letter, it was stated: “On April 15, 2024, Auwalu Galadima Jemomi and his partners, purportedly representing the APC executives from Ganduje Ward in Dawakin Tofa Local Government, Kano State, falsely is...

Measures taken by the SEC to tackle illegal funds in banking recapitalization

19Apr

By Mariam AbdullahiNo Comments

Headlines

Measures taken by the SEC to tackle illegal funds in banking recapitalization

The Securities and Exchange Commission has announced its firm stand against allowing illicit funds to enter the capital market through the new banking recapitalization process. Dayo Obisan, the Executive Director (Operations) of the commission, shared this during a symposium hosted by the Association of Capital Market Academics of Nigeria under the theme ‘Banking Sector Recapitalization Implications for the Nigerian Capital Market’. Obisan expressed the commission's optimistic view on the banking sector recapitalization initiative and emphasized its commitment to collaborating with stakeholders to ensure a seamless process. He mentioned, "Our perspective at the SEC is entirely positive. The journey has commenced, and significant efforts are underway behind the scenes to...