By Abimbola Ogunnaike The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stated that the huge purchase of food items by the government as palliatives for distribution to vulnerable citizens is a contributor to the galloping food inflation in the country. Cardoso made this disclosure in his contributions during the March Monetary Policy Committee meeting, which was published on the CBN website on Monday, 29 April, 2024. At the meeting, the Monetary Policy Committees, MPC raised the benchmark interest rate to 24.75 percent from 22.75 percent, which it said was aimed at tackling inflation. The Consumer Price…
Author: The Gazelle News
By Abimbola Ogunnaike The Court of Appeal presided over by Justice Joseph O.K. Oyewole has set aside the Lokoja High Court order against the Economic and Financial Crimes Commission(EFCC) and its Chairman, Ola Olukoyede, in a contempt case filed by Kogi State Governor, Yahaya Bello. Justice Oyewole granted the EFCC’s motion for a stay of execution and proceedings in the contempt case, pending before the Kogi State High Court. The court held that the motion ex parte had merit and adjourned the hearing of the motion on notice to 20 May, 2024. It also ordered substituted service of all processes…
The Prime Minister of Antigua and Barbuda, Hon. Gaston Alfonso Browne, said on Friday, 3 May, 2024, that his country is ready to partner with Lagos State and Nigeria in general in trade and investments. Prime Minister Browne spoke during a courtesy visit to Lagos State Governor, Mr. Babajide Sanwo-Olu, at the Lagos House, Marina. The Prime Minister was accompanied by his wife, Maria Browne; Ambassador Davin Joseph; Chairman/CEO of Air Peace Limited, Dr. Allen Onyema; Nigerian Ex-International and Air Peace Ambassador, Chief Segun Odegbami and CEO of LIAT 2020 Airlines Antigua, Mrs. Hafsah Abdulsalam. Speaking during the courtesy visit,…
Governor of Lagos State, Mr Babajide Sanwo-Olu, has appointed Basirat Damilola Marshall, daughter of Fuji maestro, King Wasiu Ayinde Marshall, a.k.a KWAM1, as his Senior Special Assistant on Tourism. This was according to a viral video of her father thanking the Governor, and congratulatory messages sighted on her Instagram page, @damimarshall_ on Thursday, 2 May, 2024. In the viral video, her father, KWAM1, while performing on stage at the coronation and birthday reception of Oba Sikirullah Apena on Thursday, thankedGovernor of Lagos State, Mr Babajide Sanwo-Olu, has appointed Basirat Damilola Marshall, daughter of Fuji maestro, King Wasiu Ayinde Marshall, a.k.a…
The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. SNG will build and operate the gas distribution network, which will serve customers across Oyo State, for 20 years. Speaking at the signing ceremony, Oyo State governor, ‘Seyi Makinde, described the project as “a catalyst for development in the state.” He said: “This project fits into our plan to drive innovation and industrialisation in Oyo State and we’re ready to partner with more companies and other organisations…
The First Lady of Nigeria, Senator Oluremi Tinubu has applauded the drive by the Federal Ministry of Education to get more teachers for government schools in the country. The First Lady spoke when the Minister of Education, Prof Tahir Mamman and his management team paid her a visit in her office at the State House Abuja on Friday, 3 May, 2024. The First Lady noted that as a teacher herself, it is important to improve on the profession and the practitioners so as to improve the quality of teaching and learning. “I will join you to champion the drive for…
In line with his commitment to significantly leverage gas to grow the economy, President Bola Tinubu will commission three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum Company Limited (NNPCL) and partners. The projects support the Federal Hovernment’s effort to grow value from the nation’s gas assets while eliminating gas flaring. The delivery of the projects was accelerated from the inception of the administration in keeping with the overall objective of deepening domestic gas supply as a critical enabler for economic prosperity. This was disclosed via a statement on Friday, 3 May, 2024, by the Special Adviser…
Officials of the Lagos State Government have begged residents Olasinmbo and Ibijoke estates of Oregun area of the state to allow mechanics workshop be sited at the setback of the canal in their areas even when it is against the law of the state. Thegazellenews.com had earlier published on how some officials of the Lagos State Ministries of Transport and Environment and Water Resources have illegally allocated a canal setback at an Oregun community to mechanics as workshop. The report by this medium led to a flurry of activities by the state government as the state Commissioner for Environment and…
Lagos State Governor, Mr. Babajide Sanwo-Olu, has charged the Nigerian Economic Summit Group (NESG) to continuously push for synergy between the public and private sectors for a collective agenda of service and benefit to citizens. Sanwo-Olu spoke during the Nigerian Economic Summit 30th Anniversary Public Lecture and Founders’ Forum by the Nigerian Economic Summit Group (NESG) held at the Lagos Business School, Lekki, on Thursday. The theme of the event is “In the National Interest: Reflecting on the Past, Reimagining the Future.” Governor Sanwo-Olu, who launched the 30th anniversary logo of the Nigerian Economic Summit alongside the Chairman of the…
The 7th Biennial Conference of Nasrul lahil l Fatih Society, NASFAT has kicked off in London as planned. The Conference tagged MILTON KEYNES 2024, is hosted by the society’s UK & Ireland zone. It started on Thursday, 2 May, 2024 and will end on Sunday, 5 May, 2024. In a statement released by the society, the President, Alhaji Ayodeji AbdulWahid Abdul Rauf, stated that, as a responsive and responsible global Islamic organisation, the choice of UK and Ireland zone for the 7th Biennial Conference was strategic. “It was specifically aimed at positioning the Society as a strong voice in addressing…