General news

• CBN cuts monetary rate to 11.5%

  23-09-2020 05:58
  
  Godwin Emefiele, CBN Governor.
  …Calls for urgent fiscal measures against inflation
  By Emma Ujah
  THE Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points.
  The CBN Governor, Mr. Godwin Emefiele, disclosed this while presenting the decisions of the Monetary Policy Committee, MPC, after its two-day meeting in Abuja yesterday.
  However, the Committee retained the Cash Reser
  
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• Peter Obi begs wealthy Nigerians to drill 200k boreholes across the country

  25-04-2024 13:13 via pulse.ng
  
  Obi said that boreholes will serve as a short-term solution to water problems in the country.In a bid to solve the problem of clean water, Peter Obi, the 2023 presidential candidate of the Labour Party has appealed to wealthy Nigerians to drill 200,000 boreholes across the country.The ex-governor of Anambra State made the appeal at a press briefing in Abuja, the nation’s capital on Wednesday, April 24, 2024.He said during his recent tour of the country, he found the continuous need for por
  
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• Brother of former Ondo State governor emerges gubernatorial candidate

  25-04-2024 13:03 via pulse.ng
  
  Abbass has confirmed that his elder brother, Olusegun Mimiko, former Ondo State governor, has endorsed his candidacy.Abass Mimiko, the sibling of former Ondo State Governor Olusegun Mimiko, has been selected as the Zenith Labour Party (ZLP) candidate in the upcoming gubernatorial election on November 16.Dr. Abass Mimiko, a medical practitioner, was affirmed as the candidate during the party’s primary held at the ZLP headquarters in Akure, the state capital.Following his selection, Mimiko e
  
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• 'Free tuition and travel': UK varsity offers Nigerians full scholarship

  25-04-2024 12:31 via pulse.ng
  
  The David Sainsbury Scholarships in Global Plant Health offers free tuition and travel grants.The University of East Anglia, located in Norwich, UK, has introduced scholarships worth £33,150 (N44.3 million) along with travel grants of £4000 (N5.3 million) for prospective students from Nigeria and other regions interested in pursuing a master’s degree in Plant and Health at the university.These scholarships, known as the David Sainsbury Scholarships in Global Plant Health, fully
  
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• President Biden signs law to potentially ban TikTok if not sold

  25-04-2024 12:19 via pulse.ng
  
  TikTok has become a significant force in the realm of short-form video, boasting a user base of 170 million in the US.On Wednesday, President Joe Biden enacted a new law that puts the future of TikTok, a popular video-streaming application, under threat in the United States.The law mandates that TikTok's parent company, ByteDance, must divest its interest in the app within one year or face a ban. This legislation represents the most significant action taken by the US in its ongoing technology di
  
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• Ex-Governor, Fayose's money laundering trial adjourned as court fails to sit

  25-04-2024 12:02 via pulse.ng
  
  Fayose is prosecuted by the EFCC for alleged ₦6.9 billion fraud and money laundering. The alleged money laundering trial of a former Governor of Ekiti State, Ayodele Fayose, could not proceed on Thursday before the Federal High Court in Lagos, as the court did not sit.The trial Judge, Justice Chukwujekwu Aneke, was said to be on an official assignment. The case has been adjourned until July 1 for the continuation of trial.Fayose is being prosecuted by the Economic and Financial Crimes Comm
  
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• Fire outbreak at Lagos Airport as flights divert

  25-04-2024 11:46 via pulse.ng
  
  FAAN, through its Director of Public Affairs and Consumer Protection, Mrs. Obiageli Orah, acknowledged the fire incident, highlighting the swift response of the airport firefighters, which averted a potential disaster.Flight operations at the E wing of Murtala Muhammad International Airport (MMIA) in Nigeria have been redirected due to a fire incident.The fire began early Thursday morning after smoke was detected at the E54 bridge.According to Daily Trust, Airport Rescue and Firefighting Service
  
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• NGO allocates $36.5m to Nigeria, 15 other countries to eradicate trachoma

  25-04-2024 11:30 via pulse.ng
  
  Trachoma is a neglected tropical disease, which begins as a bacterial infection that affects the eye, vision loss and permanent blindness.Nigeria and 15 other countries have been boosted with 36.5m dollars in new funding, to eliminate trachoma in their countries.Dr Joy Shu’aibu, Country Director for Sightsavers, an international development organisation, made this known in a statement on Thursday in Abuja.Trachoma is a neglected tropical disease, which begins as a bacterial infection that
  
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• Telecom calls on FG to address pricing issues, balance affordability

  25-04-2024 11:09 via pulse.ng
  
  The operators urged the government to take decisive action in addressing the numerous challenges confronting the telecommunications industry.Telecom operators in Nigeria have on Thursday urged the Federal Government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges.The appeal was made in a joint statement by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON)
  
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• Over 100 inmates escape from Suleja prison in Niger State

  25-04-2024 11:08 via pulse.ng
  
  The Federal Capital Territory (FCT) command of NCoS confirmed that 118 inmates fled the facility.The Nigeria Correctional Service (NCoS) has verified that inmates absconded from the Medium Security Custodial Centre in Suleja, Niger state.The escape occurred amid heavy rainfall that caused significant damage to the prison’s perimeter fence on Wednesday, as reported by Daily Trust.According to a statement by Adamu Duza, spokesperson for the Federal Capital Territory (FCT) command of NCoS, 11
  
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• Nigerians express frustration over DSTV, GOtv sub hike, opt for smart TVs

  25-04-2024 10:42 via pulse.ng
  
  Multichoice revealed its new subscription rates early in the week, citing operational costs and the need to enhance service quality.Subscribers to Multichoice, a satellite television service provider in Nigeria, have decried the recent increase in monthly subscription fees for DSTV and GOtv.The News Agency of Nigeria (NAN) reports that Multichoice currently enjoys the monopoly of satellite television service providers in Nigeria. NAN reports that Multichoice revealed its new subscription rates e
  
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• Chinese supermarket owner faces probe after allegedly barring Nigerians

  25-04-2024 10:25 via pulse.ng
  
  Some Nigerians reported the Chinese supermarket's alleged discriminatory practice on social media.Liu Bei, the owner of the Chinese supermarket located in Abuja, faced a tribunal at the Federal Competition and Consumer Protection Commission (FCCPC).This followed a summons and the threat of penalties from the FCCPC, which had previously sealed the store for refusing Nigerians entry.In an update released on Wednesday, April 24, FCCPC wrote: “Update: Owners of the Abuja Chinese Supermarket fa
  
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• Poly education vital for tech upgrade, neglected by Govt - Osun College boss

  25-04-2024 10:02 via pulse.ng
  
  The chairman stated that for Nigeria to attain technological advancement, adequate attention must be given to polytechnic education in the country.Diran Odeyemi, the Chairman of the Governing Board of Osun College of Technology, Esa-Oke, has decried the neglect of polytechnic education in the country.Odeyemi, while speaking with newsmen on Wednesday in Osogbo, noted that polytechnic education was not receiving the required attention in the country. He said that polytechnics, which are important
  
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• Lagos Govt to offer hospital sign instructors for hearing, speech-impaired

  25-04-2024 09:47 via pulse.ng
  
  Having interpreters is a great way of ensuring that the impaired were not left behind in government interventions.The Lagos State Government says it will ensure the availability of sign instructors/interpreters at hospitals to assist persons with hearing and speech impairments in getting medical attention.The Secretary to the State Government (SSG), Bimbola Salu-Hundeyin, said this on Wednesday in Ikeja, during the SSG’s meeting with the Secretaries to the Local Governments and Local Counc
  
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• Bwala faults EFCC chair’s press briefing on Yahaya Bello's case

  25-04-2024 09:18 via pulse.ng
  
  Bwala voiced his belief that the anti-corruption agency's declaration of seeking Bello was unwarranted.A former spokesperson for the now-defunct Atiku-Okowa Presidential Campaign Council, Daniel Bwala, emphasised the need for reform within the Economic and Financial Crimes Commission (EFCC).Bwala conveyed this viewpoint during an interview on Arise Television.His remarks coincide with the determination expressed by EFCC’s boss, Ola Olukoyede, to prosecute the embattled former Governor of K
  
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• How we reduced road traffic crashes by 42% – FRSC boss

  24-04-2024 23:43 via pulse.ng
  
  The FRSC boss appreciated the overwhelming support received from the Federal Government, as well as the cooperation of numerous stakeholders, including the media.The Corps Marshal, Dauda Biu, has hailed road marshals nationwide for their doggedness and sacrifices in checkmating route violations thereby reducing road traffic accidents by 42 per cent.He said at a press briefing on Wednesday in Abuja that their intervention had greatly brought down the number of traffic crashes, especially during t
  
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• Motorists express worry as long fuel queues resurface in FCT

  24-04-2024 23:39 via pulse.ng
  
  Some of the motorists expressed sadness at the inconsistency and unavailability of fuel and its associated high price in the country.Motorists in the Federal Capital Territory (FCT), have expressed worry over the long queues being presently experienced due to scarcity of Premium Motor Spirit (PMS) known as fuel.The News Agency of Nigeria (NAN), correspondent, who went around the town on Wednesday reports that long queues were seen at fuel stations due to scarcity of the product.In the city centr
  
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• Reno's $10000 Challenge: I didn't build any school in Anambra, Obi opens up

  24-04-2024 23:29 via pulse.ng
  
  Reno had challenged anyone to show a single school Obi built from scratch during his time as Anambra Governor and win $10,000.The Labour Party flag-bearer in the 2023 presidential election Peter Obi has responded to whether he built a school from scratch during his two-term tenure as Anambra State Governor.Famous social media personality and Peoples Democratic Party (PDP) supporter Reno Omokri had challenged Obi and his supporters to name a school project he started, completed, and commissioned
  
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• Bullied student threatens Abuja school with lawsuit if abusers not punished

  24-04-2024 22:33 via pulse.ng
  
  Namitira's legal team has given the Abuja British school 48 hours to punish the victim's bullies or face legal action.A bullied student of Lead British International School Abuja, Namitira Bwala, has asked the school to take punitive action against her abusers or be ready to face a lawsuit.In a letter from her lawyers, Deji Adeyanju and Co dated Wednesday, April 24, 2024, Bwala gave the school 48 hours ultimatum to act on the matter.The student was seen in a viral video being physically assaulte
  
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• EFCC withdraws appeal against Yahaya Bello

  24-04-2024 20:45 via pulse.ng
  
  On March 12, the EFCC filed an appeal against the interim injunction because the court could not stop the commission from carrying out its statutory responsibility.The Economic and Financial Crimes Commission (EFCC), has filed a notice of withdrawal to discontinue an appeal against an order of a Kogi high court restraining the agency from arresting Yahaya Bello, former governor of the state.In the notice filed on April 22, and signed by its counsel, J.S Okutepa, SAN, the EFCC said the withdrawal
  
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• Gov Zulum wants Army to establish military base in Sambisa forest

  24-04-2024 20:40 via pulse.ng
  
  Zulum also decried the porous borders in Borno and the need to secure the state bordering three countries, to contain movement of small arms fueling insecurity.Governor Babagana Zulum of Borno has urged the Nigerian Army to establish a military base in Sambisa Forest, to effectively stem terrorists’ activities.He stated this during a courtesy visit by members of the House of Representatives Committee on Army, on Wednesday in Maiduguri.The governor also urged the army to establish a militar
  
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• 2 Wike loyalists exit Fubara's cabinet as Governor reshuffles

  24-04-2024 20:34 via pulse.ng
  
  In his letter of resignation earlier on Wednesday, Adangor stated: “I am no longer willing to continue to serve in the administration of Gov. Fubara in any capacity whatsoever.Rivers Commissioner for Finance, Mr Isaac Kamalu, resigned from his appointment on Wednesday.He is the second commissioner to resign from the cabinet on Wednesday after Governor Siminialaye Fubara, announced a slight cabinet reshuffle on Tuesday.The first to resign was Prof. Zacchaeus Adangor, Attorney-General and Co
  
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• Ganduje believes APC is the answer to Nigeria’s problems

  24-04-2024 19:40 via pulse.ng
  
  Ganduje said the Tinubu administration was creating the right environment for the country’s development and economic prosperity.Dr Umar Ganduje, the National Chairman of the All Progressives Congress (APC), has said that the party would provide solutions to the challenges bedevilling the country.Ganduje stated this during the APC grand finale campaign and presentation of party flags to the 11 local council chairmanship candidates, on Wednesday in Gombe.The News Agency of Nigeria (NAN) repo
  
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• Spate of deaths strikes Nigerian movie industry, Nigerians calls for action

  24-04-2024 18:48 via pulse.ng
  
  Veteran Nollywood actor, who rose to fame for his role as Mr. B in Ken Saro-Wiwa’s soap opera, Basi and Company died on Tuesday.The Nigerian movie industry has been hit with spate of deaths of prominent and budding actors this year.Veteran Yoruba actor, Deji Aderemi, popularly known as Olofa Ina, died on Thursday, January 4. He died at the age of 73.According to reports, the thespian died of cancer in Lagos State. Veteran actress, Ethel Ekpe, who adorned the Nigerian entertainment screen f
  
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• Gov Sanwo-Olu to unveil Lagos Transport Policy in May to attract investors

  24-04-2024 18:27 via pulse.ng
  
  The policy is to ensure a sustainable, efficient, and reliable transportation system that would attract investors and encourage public-private partnerships.The Governor of Lagos State, Babajide Sanwo-Olu, says the Lagos State Transport Policy will be unveiled in May.Sanwo-Olu said this at the unveiling of the Global Transport Policy Annual Transport Roundtable/Bilingual Magazine on Wednesday in Lagos.The News Agency of Nigeria (NAN) reports that the theme of the event was: “Transport Infra
  
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• Palliatives not for your friends only - Sanwo-Olu warns LG against hoarding

  24-04-2024 18:20 via pulse.ng
  
  The governor commended Tinubu on the distribution of palliatives to states to cushion the effect of economic hardship. Gov. Babajide Sanwo-Olu of Lagos State has appealed to leaders of Community Development Areas (CDA) and Local Government authorities not to hoard palliatives put together by the state government for vulnerable residents. The governor appealed for the flag off of the Lagos State Social Intervention Programme “Eko Cares” on Wednesday inIkeja.The News Agency of Nigeria
  
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• Wabote blames sacking as NCDMB boss on refusal to inflate budget by ₦30bn

  24-04-2024 17:36 via pulse.ng
  
  He stated that he had served two Ministers, and none of them had ever made such a request to NCDMB.The former Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has disclosed that the federal government dismissed him last year because of his refusal to inflate the agency’s 2023 budget by N30 billion.Wabote stated that he declined a request from the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, conveyed throug
  
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• Russian Deputy Defence Minister, Ivanov detained for accepting large bribes

  24-04-2024 17:31 via pulse.ng
  
  The investigation believes that Ivanov entered into a criminal conspiracy, committed an organised crime by an organised group,A Russian court on Wednesday ordered one of Defence Minister Sergei Shoigu’s deputies to be kept in custody on suspicion of taking bribes, the highest-profile corruption case since President Vladimir Putin sent troops into Ukraine in 2022.Deputy Defence Minister, Timur Ivanov was detained on Tuesday at work by the Federal Security Service (FSB), the main successor t
  
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• CSO threatens to sue if NBC fails to ban same-sex content on Netflix, TikTok

  24-04-2024 17:19 via pulse.ng
  
  The NBC has been called to take immediate steps to get these platforms to rein in this illegal content from airing; distributed or transmitted in any form in the country.A civil society organisation (CSO) has threatened to drag the National Broadcasting Commission (NBC) to court if it fails to ban Netflix, TikTok, and others over the alleged broadcast of offensive same-sex content on Nigeria’s airwaves.The CSO, under the auspices of the Open Justice Initiative (OJI), also urged NBC to ban
  
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• Keyamo orders swift suspension of Dana Airlines' fleet by NCAA over safety

  24-04-2024 17:01 via pulse.ng
  
  He stated that the recent incidents underscores urgency of the matter, and decisive action must be taken to safeguard interests of all stakeholders involved.Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the Nigeria Civil Aviation Authority (NCAA) to suspend Dana Airlines’ fleet operations over safety concerns.This is contained in a memo signed by the Permanent Secretary of the ministry, Dr Emmanuel Meribole, and made available to the News Agency of Nigeria (NA
  
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