Insights from CBN Governor Cardoso on Naira’s Potential Appreciation
Business

Insights from CBN Governor Cardoso on Naira’s Potential Appreciation

During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington, D.C., United States, Olayemi Cardoso, the Governor of the Central Bank of Nigeria, emphasized that the sustained liquidity in the foreign exchange market would be a key factor in maintaining the appreciation of the naira. Cardoso highlighted the ample liquidity present in Nigeria's FX market, ranging between $600 million to $1 billion and reaffirmed the Central Bank's commitment to promoting a voluntary price discovery system between buyers and sellers in the FX market. In his statement, he envisioned a future where the Central Bank's intervention in the market would be minimal, except in extraordinary circumstances, emphasizing the importance of a well-functioning currency market with ade...
An Osun court has handed down a death sentence by hanging to two serial robbers
Headlines

An Osun court has handed down a death sentence by hanging to two serial robbers

Two men, Wasiu Afolayan (36) and Kola Adeyemi (34), have been sentenced to death by hanging by an Osun State High Court in Osogbo. The ruling was made on Thursday for their involvement in conspiracy and armed robbery. Having been identified as serial robbers who carried out numerous robbery operations in Osogbo metropolis, they were found guilty by the presiding judge, Ayo Oyebiyi. The charges brought against them included conspiracy, armed robbery, and unlawful possession of arms, in violation of Section 3(1) of the Robbery and Firearms (special provisions) Act, Cap R.11, Laws of Federation of Nigeria, 2004. Despite pleading not guilty during the trial, the defendants, represented by the prosecutor from ...
Disruption at PDP NEC Meeting: Wike loyalist Nwanosike and Others Cause Uproar [WATCH VIDEO]
Politics

Disruption at PDP NEC Meeting: Wike loyalist Nwanosike and Others Cause Uproar [WATCH VIDEO]

The chairman of Ikwerre Local Government Area in Rivers State, Samuel Nwanosike, reportedly led a group of alleged thugs to the venue of the ongoing Peoples Democratic Party (PDP) National Executive Committee (NEC) meeting in Abuja on Thursday. Known as a loyalist of the former Rivers State Governor, now Minister of the Federal Capital Territory, Nyesom Wike, Nwanosike's actions caused a stir at the meeting. Reports suggest that the ongoing NEC meeting is expected to address various issues, notably a potential sanction against Wike for alleged anti-party activities. Despite this agenda, Nwanosike attempted to disrupt the meeting and prevent the NEC from proceeding with its resolutions.
EFCC Declares Ex-Kogi Governor Yahaya Bello Wanted
Press

EFCC Declares Ex-Kogi Governor Yahaya Bello Wanted

Yahaya Bello, the previous governor of Kogi state, has been officially declared wanted by the Economic and Financial Crimes Commission (EFCC). The allegations against Bello pertain to economic and financial crimes. On Thursday, the EFCC shared a notice on its official Facebook page regarding this matter. An excerpt from the notice stated, “The EFCC is in search of former Kogi State Governor, Yahaya Bello, concerning economic and financial crimes amounting to N80.2 billion. Anyone who has information on his current location is urged to immediately contact the EFCC or the nearest police station,” as per the notice. More details to follow...
Woman from Chicago sentenced to 50 years in prison for killing pregnant teenager
Headlines

Woman from Chicago sentenced to 50 years in prison for killing pregnant teenager

A 51-year-old woman from Chicago, Clarisa Figueroa, has been given a 50-year prison term for the murder of a pregnant teenager nearly half a decade ago. She was accused of luring the teenager to her home and using a butcher knife to remove the baby from the victim’s womb. The sentencing took place in a Cook County courtroom where Figueroa pleaded guilty to first-degree murder in the 2019 case involving 19-year-old Marlen Ochoa-Lopez. Reports suggest that Figueroa convinced the nine-month pregnant Ochoa-Lopez to visit her residence on April 23, 2019, by offering free clothing for the unborn child. However, she then proceeded to strangle the victim with a cable. Following the incident, Figueroa called 911 and falsely claimed she had given birth, stating that the n...
The call for action on climate change from the Nigerian government
News

The call for action on climate change from the Nigerian government

In a recent meeting in Abuja, the Federal Government urged stakeholders in the environmental sector to devise effective strategies to tackle the challenges posed by climate change in Nigeria. During the gathering of the technical committee responsible for reviewing and updating the National Erosion and Flood Control Policy, the Permanent Secretary of the Federal Ministry of Environment, Mr. Mahmud Kambari, emphasized the importance of enhancing the policy for the nation's benefit. By minimizing losses and damages caused by erosion and flooding, the updated policy will bolster government agencies' capacity to respond to environmental crises. Expressing confidence in the expertise of the committee, Kambari declared the meeting open, encouraging fruitful discussions to achieve superior o...
The FA Cup Replays Eliminated
Sports

The FA Cup Replays Eliminated

Starting from next season, the FA has formally abolished FA Cup replays from the initial round proper. Both the FA and Premier League have come to a mutual agreement in order to bolster the competition. This revised format is set to be in effect for a minimum of six seasons. Consequently, all matches will be held on weekends, except for the fourth round which has a designated window spanning from Friday to Wednesday. Furthermore, the fourth, fifth, and quarter-final rounds will be organized during exclusive periods devoid of Premier League fixtures. The FA Cup final will now take place on the Saturday of the penultimate weekend of the Premier League season. The elimination of FA Cup replays marks a significant change in the structure of the competition.
URGENT UPDATE: EFCC Issues Warrant for the Arrest of Yahaya Bello, Former Governor of Kogi State, on Money Laundering Charges
News

URGENT UPDATE: EFCC Issues Warrant for the Arrest of Yahaya Bello, Former Governor of Kogi State, on Money Laundering Charges

The Economic and Financial Crimes Commission, EFCC, has officially declared the former governor of Kogi State, Yahaya Bello, as a wanted individual. This action comes as a result of Bello's failure to appear before Justice Emeka Nwite of the Federal High Court in Abuja on Thursday to face charges of alleged money laundering amounting to N84 billion. In a statement posted on its verified Facebook page on Thursday, the anti-corruption agency has called on Nigerians who may have pertinent information regarding Bello's current location to report such information to the nearest police station. The EFCC's social media post reads, "Wanted by EFCC: Former Kogi Governor Yahaya Bello. The former Kogi State Governor, Yahaya Bello, is being sought after by EFCC for his involvement in econo...
New Commandant Appointed for Zamfara Security Outfit by Government
Headlines

New Commandant Appointed for Zamfara Security Outfit by Government

The Acting commandant of the Zamfara State Community Protection Guards has been appointed by Governor Dauda Lawal of Zamfara State. Major Maikano Adamu (retd.) has been approved for this role with immediate effect, as announced by the state Commissioner for Information, Munnir Haidara, in a statement released on Thursday. According to the statement, the decision to appoint Adamu as the acting CPG Commandant was made following the recent suspension of Col. Rabiu Garba Yandoto (retd.) by the state government. Prior to this new appointment, Adamu served as the immediate Deputy Commandant of the outfit. Col. Rabiu Garba Yandoto (retd.), the former CPG Commandant, was suspended on Wednesday after making comments criticizing the state government for inadequately fundin...
Oba of Benin opposes appointment of Sarkin Hausawan in Edo
News

Oba of Benin opposes appointment of Sarkin Hausawan in Edo

The Benin Traditional Council has raised objections to the proposed appointment of Alhaji Danjuma Garba Binkola as the “Garkuwan Hausawan Benin” by Alhaji Adamu Isah Adamu. A letter dated April 18, 2024, titled “denunciation of plan to hold a turbaning ceremony in Benin City” was signed by Chief Sam Igbe, Iyase of Benin Kingdom, on behalf of the Benin Traditional Council. In the letter addressed to the Edo State Director, Department of State Security, DSS, it was alleged that Alhaji Adamu Isah Adamu referred to himself as “His Royal Highness”. The turbaning ceremony is scheduled to take place on Sunday, May 5, 2024, at No. 7 Butcher Street, Off Mission Road, Benin City, according to Igbe. The Iyase of Benin expressed the view that the planned turbaning ceremony was a disrespectful act...