Protests: IGP Egbetokun Pledges Professional Conduct on 1 August

…vows clampdown on hoodlums disguised as protesters The Inspector-General of Police, Olukayode Egbetokun, yesterday warned that the Nigeria Police Force will not hesitate to act decisively if the planned 1st August protests turn violent. Egbetokun made this statement in Abuja during a meeting with top police officials, comprising commissioners of police and above. The meeting aimed to share intelligence and analyse security information to ensure the country’s safety. The Police Boss assured that the police...

CBN Raises Interest Rate to 26.75% as Inflation Bites Harder

The Central Bank of Nigeria, CBN, on Tuesday, announced a 50 basis point increase in the monetary policy rate, MPR, from 26.25 per cent to 26.75 per cent. CBN Governor, Olayemi Cardoso, made the announcement at the end of the 296th meeting of the Monetary Policy Committee, MPC, in Abuja on Tuesday. The increase is a desperate attempt to tame the rising inflation rate, which stood at 34.19 per cent as of last week. The...

Nigerian-American Ogunbowale Wins Second WNBA All-Star Game MVP Award

Nigerian-American basketball star Arike Ogunbowale made Nigeria proud at the Women’s National Basketball Association, WNBA, All-Star Game on Sunday in Phoenix, USA. Ogunbowale, 27, led her team, the WNBA All-Stars, to a close victory over Team USA with a record-breaking performance. Despite not scoring in the first half, Ogunbowale came alive in the second half, scoring an incredible 34 points, the most ever in a single WNBA All-Star Game. This included a staggering 21 points...

Biden Steps Down From Presidential Race, Endorses Harris

US President Joe Biden has officially announced his withdrawal from the presidential race. In a statement released on Sunday, Biden said he wants to “focus all my energies on my duties as President for the remainder of my term” Also, in a surprising move, President Biden endorsed Vice President Kamala Harris as his preferred candidate. “I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,”...

Dangote Abandons Steel Investment Plans in Nigeria Over Monopoly Accusations

Aliko Dangote, Africa’s richest man, has shelved plans to build a new steel plant in Nigeria. This decision comes amidst accusations from the government that Dangote’s business empire wields too much influence, particularly with the launch of his new oil refinery. Dangote announced the change of plans on Saturday while addressing journalists at his refinery in Lagos. He stated that the company’s board opted to avoid the steel industry to avoid being “called all sorts...

Nigeria Falls to 39th in FIFA World Rankings, Now Fifth in Africa 

The Nigerian national team, the Super Eagles, has slid down the FIFA World Rankings to land at 39th place in the latest update. The news stings for Nigerians, especially considering the team’s strong showing earlier this year. Nigeria was ranked 28th in February after an impressive run in the Africa Cup of Nations which saw them finish second-place. While FIFA has not pinpointed the exact reasons for the decline, it is likely due to the...

Fight for New Minimum Wage Ends As Tinubu Sets Benchmark at N70,000 

President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers, a significant increase from the previous minimum wage of N30,000. This comes after months of struggle by labour unions, who had demanded a new minimum wage of over N200,000. The labour unions, led by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), had embarked on a series of strikes and protests to press home their demand for a...

House of Reps Vote to Reduce Salary by 50% for One Month

Move is to render support in response to the economic distress On Thursday, the House of Representatives voted to cut their salaries by 50 per cent for the next month in response to the economic distress. This critical decision comes at a time when the country is facing a severe economic crisis, and citizens are gearing up for a week-long street protest that will start on 1st August and end on 10th August 2024. The...

Fear of Kidnapping Sparks Mass Exodus of Students from Kogi Varsity  Hostels

…School management stops hostel room allocation Fear of kidnapping has led to a mass exodus of students from hostels at the Federal University Lokoja, FULOKO. The institution’s Vice-Chancellor, Professor Olayemi Akinwumi, raised the alarm during a recent visit by the House Committee on University Education. Professor Akinwumi disclosed that the two university hostels, with a combined capacity of 500 students, are practically empty. He attributed the low occupancy rate to a May 2024 kidnapping incident...

President Joe Biden Diagnosed with COVID-19, in Isolation

The White House announced yesterday that President Joe Biden has tested positive for COVID-19. In a statement, Press Secretary Karine Jean-Pierre said the 79-year-old president is experiencing “mild symptoms” and has begun taking medication. The statement read in part: “Earlier today (yesterday) following his first event in Las Vegas, President Biden tested positive for COVID-19. He is vaccinated and boosted and he is experiencing mild symptoms.” The statement added a note from Dr. Kevin O’Connor,...

WP2Social Auto Publish Powered By : XYZScripts.com