Efforts to save the Naira deepens as Government detains 2 Binance executives

BusinessNewsNigeriaEfforts to save the Naira deepens as Government detains 2 Binance executives

By Ezinwanne Onwuka (Senior Reporter)February 29, 2024

Two top executives at Binance, the world’s largest cryptocurrency trading platform, have been detained in Nigeria, Financial Times reported on Wednesday. Citing people familiar with the matter, the report says the executives flew into Nigeria following the government’s decision to ban several crypto platforms but were detained by the National Security Adviser, Nuhu Ribadu with their passports seized. With the naira’s continuous devaluation against the dollar and other foreign currencies, the Nigerian government is going...

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Yobe State records 214 Cases Of Meningitis, Seven Deaths

HealthNewsNigeriaYobe State records 214 Cases Of Meningitis, Seven Deaths

Hassan Umar Shallpella (Regional Correspondent)February 28, 2024

An outbreak of cerebrospinal meningitis in Potiskum town of Yobe state has claimed seven others with, 214 cases of the disease recorded in the area, including some public boarding schools. Isa Bukar, Permanent Secretary, Yobe State Ministry of Health and Human Services disclosed this on Tuesday while briefing the State Deputy Governor, Idi Barde Gubana, who visited the State Specialist Hospital, Potiskum.   The Press Secretary to the State Deputy Governor, Hussaini Mai Suleh in...

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Outbreak of Lassa Fever in Kaduna State: Five Persons Already Dead

HealthNewsOutbreak of Lassa Fever in Kaduna State: Five Persons Already Dead

Hassan Umar Shallpella (Regional Correspondent)February 28, 2024

The Kaduna State Commissioner for Health, Hajiya Umma Ahmed has confirmed the deaths of five persons following an outbreak of Lassa Fever in the state. The confirmation is in a report of the disease made available on Tuesday in Kaduna. Lassa Fever which is an acute viral hemorrhagic fever caused by the Arena Virus Lassa was discovered in Nigeria in 1969. Its seasonal clustering is mostly in the late and early dry seasons, and it...

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Police arrest Abuja’s second most wanted kidnapper, Samaila Wakili

Crime & SecurityNewsNigeriaPolice arrest Abuja’s second most wanted kidnapper, Samaila Wakili

By Ezinwanne Onwuka (Senior Reporter)February 28, 2024

The Abuja Police Command have arrested the notorious leader of a kidnap gang, Samaila Wakili Fafa, popularly known as Habu Ibrahim. Ibrahim has been on the police wanted list of the police “for a long time”, police spokesperson Josephine Adeh said at a press briefing on Tuesday. The kidnap kingpin was behind several kidnapping operations in Nigeria’s capital territory and its environs. The Minister of the Federal Capital Territory, Nyesom Wike recently placed a N20...

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You lack proper understanding of Argentina situation, Tinubu’s media support group tackles Atiku

NewsNigeriaPoliticsYou lack proper understanding of Argentina situation, Tinubu’s media support group tackles Atiku

Uzoamaka Ikezue (Staff Reporter)February 27, 2024

The Tinubu Media Support Group (TMSG) has tackled former Vice President Atiku Abubakar’s recommendation of reform measures introduced by Argentina’s President Javier Milei for Nigeria, saying he lacks proper understanding of the Argentina situation. A press statement on Tuesday signed by its chairman, Jesutega Onokpasa, noted that the former Peoples Democratic Party (PDP) presidential candidate and his handlers didn’t have a proper understanding of the Argentina situation before and after Milei assumed office in December...

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Group hails President Tinubu’s economic reform policies

NewsNigeriaPoliticsGroup hails President Tinubu’s economic reform policies

Uzoamaka Ikezue (Staff Reporter)February 27, 2024

…Says Q4 2023 GDP figures, indicate economy, adapting to national reforms A group, the Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s Reform Policies. According to the group, Q4 2023 Gross Domestic Product (GDP) figures indicate the economy is fast adjusting to the President’s reformation policies. A press statement on Tuesday, signed by Chief Niyi Akinsiju, chairman of IMPI, the latest GDP numbers from the National Bureau of Statistics (NBS) have shown...

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CBN raises interest rate to 22.75% to tame inflation

BusinessNewsNigeriaCBN raises interest rate to 22.75% to tame inflation

By Ezinwanne Onwuka (Senior Reporter)February 27, 2024

The Central Bank of Nigeria, CBN, has raised its benchmark lending rate to 22.75 per cent as a proactive measure to control inflation. Olayemi Cardoso, the CBN governor, announced this on Tuesday at the end of the bank’s Monetary Policy Committee (MPC) meeting that began Monday. The new rate is 400 basis points from the previous rate of 18.75 per cent, maintained since the MPC’s last convening on July 24 and 25, 2023. “Previous policy...

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Anambra Market Building Collapses with allegations of Government Negligence

ColumnsNigeriaOpinionPoliticsAnambra Market Building Collapses with allegations of Government Negligence

Ebuka Onyekwelu (Staff Writer)February 27, 2024

On Monday evening, tragedy struck in Ochanja market Onitsha, the commercial nerve centre of Anambra state, when three segments of nearly completed market buildings collapsed. The tragedy was remarkable such that no fewer than six people were confirmed dead from the incident. Up till Tuesday afternoon when the governor of Anambra State, Prof. Chukwuma Soludo visited the scene of the tragedy, an unspecified number of people were said to still be trapped in the rubble....

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Nigerian workers begin two-day rally over economic hardship

EconomyNewsNigeriaNigerian workers begin two-day rally over economic hardship

By Ezinwanne Onwuka (Senior Reporter)February 27, 2024

Protests broke out all over Nigeria this morning as the authorities failed to convince Nigerian workers to halt their planned nationwide work strike. A government delegation led by Secretary to the Government of the Federation, George Akume, met with the leaders of the labour unions on Monday night, hoping to resolve the issues that warranted the strike but the meeting was deadlocked. “The rally goes on,” said the president of the Nigeria Labour Congress, NLC,...

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FG opposes Nnamdi Kanu’s bail application as years-long trial lingers

Law & JusticeNewsNigeriaFG opposes Nnamdi Kanu’s bail application as years-long trial lingers

By Ezinwanne Onwuka (Senior Reporter)February 27, 2024

The running battle between the Nigerian government and Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, rages on as Kanu’s application for bail will be heard by an Abuja court next month. British national Kanu was arrested in Kenya and forcefully extradited to Nigeria in June 2021. Since then he has been in detention in custody of the Department of State Services, DSS, despite a Court of Appeal judgement on 13 October...

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