A trader, Anthony Okolie, who was arrested by the Department of State Services and detained for 10 weeks, has sued the DSS for N500m. Okolie, in a suit filed before the Federal High Court in Asaba, Delta State, by his lawyer, Tope Akinyode, also demanded N500m from Hanan Buhari, the daughter of the President, Major […]
Month: January 2020
Buhari signs Finance Bill, approves 7.5% VAT increase
The President, Major General Muhammadu Buhari (retd.), on Monday, signed the 2020 Finance Bill into law. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed this development in a statement in Abuja. According to the presidential aide, this is sequel to its passage by the National Assembly and subsequent forwarding […]
Lagos-Ibadan Expressway: Traffic diversion on ‘Kara’ Bridge begins Tuesday
Traffic diversion for construction works to continue on the 600- metre ‘Kara’ Bridge section on the Lagos outbound corridor of the Lagos-Ibadan Expressway will begin on Tuesday, the News Agency of Nigeria (NAN) reports. Mr Kayode Ibrahim, Federal Ministry of Works and Housing engineer supervising the project, told NAN on the telephone in Lagos on […]
Rowdiness in court: Supreme Court suspends hearing of six govs appeals
The hearing of the appeals of Governors Aminu Tambuwal of Sokoto and Abdullahi Ganduje of Kano States, including four other governors was suspended by the Supreme Court on Monday. Other governors, whose appeals were affected are Emeka Ihedioha (Imo), Bala Mohammed (Bauchi), Simon Lalong (Plateau), and Samuel Ortom (Benue). The apex court in Abuja suspended […]
Amotekun: Anambra, Enugu speak on South-East security outfit, South-South waiting
The Anambra and Enugu state governments on Sunday differed on the possibility of establishing a South-East security outfit similar to the South-West’s Operation Amotekun. The Anambra State Government said he was satisfied with the security measures it had taken and as such, it was not contemplating a zonal security arrangement. But the Enugu State Government […]
50,000 people apply for 1,000 teaching jobs in Lagos
Mr Suru Avoseh, a member, Lagos State Civil Service Commission, says no fewer than 50, 000 applicants had applied for one thousand vacant teaching jobs announced by the state government in 2019. Avoseh made this known during the New Year Party organised by the Badagry Women Development Forum on Sunday in Badagry. The News Agency […]
Oil Posts Biggest Weekly Loss since July as Mideast Risk Fades
Oil ended the first full week of 2020 with the steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled. Futures settled at a one-month low in New York on Friday to cap a volatile week that saw crude soar and then crash as the U.S. and Iran teetered […]
Banks borrowing from CBN hit N19.6tn as liquidity problems rise
Commercial banks borrowed a total of N19.64tn from the Central Bank of Nigeria in 2019, an increase of 73 per cent from the N11.36tn borrowed in 2018. This has raised concerns among analysts following the rising liquidity problems in the financial services sector. This happened barely one month after the World Bank warned the CBN […]