FCCPC Blames Smugglers, Grain Hoarders For Hike In Food Prices

NewsNigeriaPoliticsFCCPC Blames Smugglers, Grain Hoarders For Hike In Food Prices

Hassan Umar Shallpella (Regional Correspondent)October 24, 2024

The Competition and Consumer Protection Commission has blamed smugglers and grain hoarders for being responsible for persistent hikes in food prices in Nigeria. Tunji Bello, Executive Vice Chairman of FCCPC made the blame at a town hall meeting with industry leaders, micro, small and medium enterprises, MSMEs, market heads, farmers, transporters, and service providers on Wednesday in Kano. Bello said: “In addition to grain hoarding, also identified price fixing and artificial barriers imposed by market...

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Governor Alia Suspends State Commissioner For Justice 

NewsNigeriaPoliticsGovernor Alia Suspends State Commissioner For Justice 

Hassan Umar Shallpella (Regional Correspondent)October 24, 2024

Benue State Governor, Rev Fr Hyacinth Alia, has suspended t The Benue State Attorney General and Commissioner for Justice and Public Order, Barr. Fidelis Mynin has been suspended for joining the suit challenging the legality of the Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices Commission, ICPC, without consulting Governor Alia. The suspension of Barr. Mynin was contained in a statement on Wednesday by the Press Secretary to the governor, Tersoo Kula, who...

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Nigeria Import Vaccines from USA, Europe Annually At N8bn– Dr Okara

EducationNewsNigeriaNigeria Import Vaccines from USA, Europe Annually At N8bn– Dr Okara

Hassan Umar Shallpella (Regional Correspondent)October 24, 2024

The Nigerian government spends N8 billion annually to import vaccines from the USA and Europe. The General Secretary/Registrar of the West Africa Postgraduate College of Medical Laboratory Science (WAPCMLS), Dr. Godswill Okara, disclosed this at the 4th induction/oath-taking ceremony of the 2023/2024 qualified graduates of Medical Laboratory Science at Edo State University, Uzairue, in Etsako West Local Government Area. Okara, who was the guest speaker at the event, stated that medical laboratory scientists in Nigeria...

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Fuel Price Hike: Tinubu Introduces CNG at N200 as Alternative

EconomyNewsNigeriaFuel Price Hike: Tinubu Introduces CNG at N200 as Alternative

By Ezinwanne Onwuka (Senior Reporter)October 24, 2024

“Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200..” President Bola Ahmed Tinubu has disclosed that Nigerian motorists can now purchase petrol at N1,000 per litre. However, he added that the equivalent of a litre of petrol—measured as one Standard Cubic Meter of Compressed Natural Gas, CNG—is available at N200. Tinubu made this statement during a meeting with executives of the Nigerian Independent Petroleum Company, NIPCO,...

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Nigeria’s Growth Outlook Dims as IMF Cuts 2024 GDP Forecast to 2.9%

EconomyNewsNigeriaNigeria’s Growth Outlook Dims as IMF Cuts 2024 GDP Forecast to 2.9%

By Ezinwanne Onwuka (Senior Reporter)October 24, 2024

The International Monetary Fund, IMF, has revised Nigeria’s 2024 economic growth forecast downward to 2.9 per cent from the earlier projection of 3.1 per cent in July. The downgrade, contained in the IMF’s latest World Economic Outlook, WEO, report, attributes the adjustment to disruptions in oil production, severe flooding, and persistent inflation. The report notes that flooding, coupled with ongoing security and maintenance challenges in the oil sector, has significantly affected economic activities. “Over the...

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Court Orders Release of Binance Executive as FG Withdraws Charges

NewsNigeriaPoliticsCourt Orders Release of Binance Executive as FG Withdraws Charges

By Ezinwanne Onwuka (Senior Reporter)October 24, 2024

A Federal High Court sitting in Abuja on Wednesday ordered the release of Tigran Gambaryan, an executive of Binance Holdings Limited, from the Kuje Correctional Centre following the withdrawal of charges by the federal government. Gambaryan, a US citizen, was arrested in February during a clampdown on Binance over alleged foreign exchange manipulation and tax evasion. The Economic and Financial Crimes Commission, EFCC, had arraigned him and Binance Holdings Limited in April on a five-count...

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President Bola Tinubu Sacks Minister of Women Affairs, Four Others

NewsNigeriaPoliticsPresident Bola Tinubu Sacks Minister of Women Affairs, Four Others

Hassan Umar Shallpella (Regional Correspondent)October 24, 2024

President Bola Tinubu has announced the sacking of five Ministers from his cabinet. According to a statement from the presidency said the termination of their appointment was announced at the federal executive council (FEC) meeting on Wednesday. The affected ministers are Uju Kennedy-Ohanenye, minister of women affairs; Lola Ade-John, the minister of tourism; and Jamila Bio Ibrahim, minister of youth development. Others are Prof. Tahir Mamman, minister of education and Abdullahi Muhammad Gwarzo was let...

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Breaking: President Tinubu Reshuffles Cabinet, Scraps Two Ministries

NewsNigeriaPoliticsBreaking: President Tinubu Reshuffles Cabinet, Scraps Two Ministries

Uzoamaka Ikezue (Staff Reporter)October 24, 2024

President Bola Tinubu has approved a reshuffle of his ministerial cabinet and merged two ministries into one. This decision was disclosed during the Federal Executive Council (FEC) meeting on Wednesday, according to a statement by Bayo Onanuga, the president’s spokesperson. The President’s Spokesperson confirmed that the president has scrapped the Niger Delta Ministry and the Ministry of Sports Development. Additionally, Tinubu approved the merger of the Ministry of Tourism with the Ministry of Culture and...

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Wike Vows to Remove Beggars from Abuja Streets Over Security Concerns

NewsNigeriaPoliticsWike Vows to Remove Beggars from Abuja Streets Over Security Concerns

By Ezinwanne Onwuka (Senior Reporter)October 23, 2024

The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has announced plans to rid the streets of Abuja of beggars, starting next week. Wike described the growing presence of street beggars in the nation’s capital as both “embarrassing” and a security threat. “In terms of security, let me state clearly now, we have declared war,” Wike said during an address. “Abuja is turning into a beggar city. If you know you have a sister,...

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Senate Probes Colleague Over Drug Allegation

NewsNigeriaPoliticsSenate Probes Colleague Over Drug Allegation

Hassan Umar Shallpella (Regional Correspondent)October 23, 2024

Following drug allegations against the Senate’s deputy leader, Senator Oyelola Yisa Ashiru (APC Kwara South), the Senate has constituted a six-member ad hoc committee headed by Senator Enyinnaya Abaribe to investigate the matter. The constitution of the committee followed a ‘personal explanation’ by Ashiru under Order 42, of the Senate rules, in which the lawmaker said his privileges were breached by the National Drug Law Enforcement Agency (NDLEA). Senate President Godswill Akpabio charged the ad...

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