The National Agency for Food and Drug Administration and Control (NAFDAC), has sealed the Gamboru drug market in Maiduguri, Borno State over illicit drug practices. Among the illicit practices are washing and sun-drying of contaminated drugs for resale amid the devastating flood that hit the state. It was gathered that the Maiduguri flood crisis was caused by the rupture of the Alau Dam on the Ngadda River, 20 kilometres (12 miles) south of Maiduguri. The severe flooding has so far killed no fewer than 30 persons and forced 400,000 others from their homes. The agency, in a post on its…
Author: Abimbola Ogunaike
The Chief Magistrate Court 3 sitting in Yola, Adamawa State, presided over by Chief Magistrate Uwani Danladi has ordered a college registrar to pay N1 million as damages to a married female lecturer whom he slapped. The court discharged the Acting Registrar of the College for Legal Studies in Yola, Musa Chiroma, after he paid the N1 million as damages to the lecturer, Mrs. Fadimatu Musa. Aside from the N1 million in damages and an additional N80,000 as the cost of prosecution, the acting registrar was also required to tender a written apology and an undertaking not to victimize or…
Tamroyal Multipurpose Hall, Alapere, Ketu, Lagos State was full to the brim on Thursday, 19 September, 2024. It was the occasion where the hardworking Chairman of Agboyi-Ketu Local Council Development Area (LCDA), Mayor Dele Oshinowo, disbursed N50 million to empower 1,000 vulnerable residents in the council area, reports thegazellenews.com. In his speech at the occasion, Oshinowo pledged his the administration’s commitment to empowering residents, especially the most vulnerable. The council boss said though he has nine months left to end his tenure, he vowed to continue not to disappoint the people of his council area. “We will continue to do…
The Peoples Democratic Party (PDP) in Kwara State, has declared its commitment to contesting and winning the upcoming local government elections scheduled for 21 September, 2024. The declaration is coming a few hours after a high court in Abuja lifted the restraining order initially placed on the Kwara State Independent Electoral Commission (KWAISEC). The court’s decision was based on the expiration of the ex parte order, which, by law, cannot extend beyond 14 days. Reacting to the development, spokesman of the PDP in the state, Olusegun Olusola Adewara, in a statement in Ilorin, the state capital said “While the substantive…
The All Progressives Congress(APC) Imo State chapter, has finally made public names of its candidates that will fly the party flag in the 21 September, 2024, local government elections. It said the names have been submitted to the Imo State Independent Electoral Commission (ISIEC) In a press statement issued by its State publicity secretary, Cajetan Duke, he informed members and the general public that the primaries for the nomination of chairmanship and Councilor candidates have been concluded. “Any information circulating about harmonization to the list by any person or group, regardless of their standing in our party, should be disregarded…
The Central Bank of Nigeria (CBN) has said that Nigeria’s domestic prices are expected to remain high in the 2024/2025 fiscal year. The Apex Bank made this known in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for fiscal years 2024/2025. CBN’s revelation comes amid the two consecutive decreases in Nigeria’s inflation in July and August which stood at 33.40 percent and 32.15 percent. Meanwhile, CBN blamed elevated domestic prices on the back of spillovers from global supply constraints, exchange rate pass-through impact, persisting security and infrastructural challenges. However, the Apex Bank said the country’s fiscal outlook remains positive…
Things are looking good for the Nigerian economy as the Nigerian Exchange Limited, NGX, opened the week’s trading session on a good note by adding 0.23 percent or N131 billion to the market capitalization on Tuesday, 17 September, 2024. This is as the NGX opened at N56.002 trillion and closed at N56.133 trillion. Analysis of the data showed that the All-Share Index also gained 0.23 percent or 229 points to close at 97,685.64 points, against 97,456.62 points posted on Friday, 13 September, 2024. As a result, the ASI year-to-date return increased by 30.64 percent. Investors’ interest in Geregu, FBN Holdings,…
The Central Bank of Nigeria(CBN) has revealed that lower crude oil earnings, fuel subsidy removal, lower import bills and increased external debt servicing obligations are potent dangers for the country’s external reserves growth by the 2024/2025 fiscal year. The Apex Bank disclosed this in its Monetary, Credit, Foreign Trade and Exchange Policy guidelines for fiscal years 2024/2025. According to CBN, lower crude oil earnings, fuel subsidy removal, lower import bills and increased external debt servicing obligations are major determinants of the overall economic growth of Nigeria. CBN, however, projected that Nigeria’s external sector in 2024/2025 is optimistic, on the expectation…
Popular online streaming platform, Spotify has celebrated Wizkid’s “Ojuelegba” 10th anniversary. Spotify in a statement by its Head of Music, Sub Saharan Africa, Phiona Okumu, on Tuesday,17S,September, 2024, said the song had recorded over 55 million streams since its release in 2014. “Today marks the 10th anniversary of Wizkid’s groundbreaking single, “Ojuelegba”, a song that helped define the global rise of Afrobeats and continues to resonate with millions of listeners across the world. “Since its release Ojuelegba has achieved over 55 million streams on Spotify, Ojuelegba’s journey reflects the global growth of Afrobeats and its increasing presence on the world…
As part of the Central Bank of Nigeria strategy to ensure sustained growth for the financial institution, the apex has announced the reconstituted board of directors for a Nigerian commercial bank, Keystone Bank. This was contained in a statement issued by Keystone on Wednesday, 18 September, 2024. According to the statement, Ada Chukwudozie has been appointed as the new board chairman, alongside five other non-executive directors. The directors include Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello. In addition, the CBN also named two new executive directors, Ladi Oluwole and Abubakar Usman Bello. Speaking…