Nigeria’s police force said it was beefing up security as the United States ordered diplomats’ families to leave the capital Abuja due to a “heightened risk of terrorist attacks.” The details of any threat are unknown but residents of the Federal Capital Territory (FCT) have been on high alert since Sunday after several Western embassies […]
Author: umunna
Lagos is a national asset, deserves special status, Sanwo-Olu tells FG
Governor Babajide Sanwo-Olu of Lagos State on Thursday urged the Federal Government to grant special economic status to Lagos. The governor, who described the state as a “national asset”, said the benefits of Lagos transcend a region of the country as all Nigerians enjoy the state’s prosperity in one way or the other. Sanwo-Olu made […]
Shell pays no UK windfall tax despite profits jump
Shell has reported its second highest quarterly profit on record but it has not paid the UK’s windfall tax on energy firms. The energy giant said global profits reached $9.5bn (£8.2bn) between July and September, compared to $4.2bn during the same period last year. However, Shell said that because it had made large investments in […]
Buhari will leave good legacy by releasing Nnamdi Kanu – Lawyer
A legal practitioner, Monday Ubani says President Muhammadu Buhari will leave a “good legacy” if he obeys court orders and release the leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu. “We cannot make progress as a nation without peace. So, the best thing to do in the circumstance is to look at […]
NAF ‘wings’ 17 young pilots, urges re-dedication to duty
The Nigerian Air Force (NAF) has winged 17 young pilots who successfully completed their various flying training courses. The Director of Public Relations and Information, NAF Headquarters, Air Commodore Edward Gabkwet, made this known in a statement on Thursday in Abuja. According to him, the Chief of Air Staff (CAS), Air Marshal Oladayo Amao, while […]
Naira Redesign: EFCC to clampdown on currency speculators, BDCs
The Economic and Financial Crimes Commission (EFCC) has warned currency speculators and Bureau de Change (BDC) operators not to undermine the move by the Central Bank of Nigeria (CBN) to redesign and reissue higher denominations of the Naira. EFCC Chairman, Abdulrasheed Bawa in a statement on Wednesday commended the move by the apex bank, saying […]
Google and Microsoft hit by slowing economy
Sales at the tech giants Alphabet and Microsoft have slowed sharply, adding to fears of a downturn in the economy. Alphabet, which owns Google and YouTube, said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets. It marked the US firm’s weakest quarterly growth in nearly […]
CBN to redesign N200, N500 and N1,000 notes
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective from December 15, 2022. The action was taken in order to take control of the currency […]
Mercedes-Benz becomes latest Western company to pull out of Russia
Mercedes has become the latest Western company to pull out of Russia, following the invasion of Ukraine in February. The German-based firm stopped manufacturing in and exporting to the country in early March. But now it says it will withdraw from the Russian market and sell shares in its subsidiaries to a local investor. Japan’s […]
Fuel scarcity not excuse to block roads, LASTMA warns motorists
The Lagos State Traffic Management Authority has cautioned motorists against causing serious traffic gridlock while queuing up for fuel at filling stations. The General Manager of LASTMA, Mr. Bolaji Oreagba, issued the warning on Tuesday while deploying more Officers of the Authority on monitoring traffic around filling stations across the State. A statement by the […]