Cross river Governor, Ayade presents ‘status-befitting’ vehicles to judges for ‘standing with the truth’
Governor Ben Ayade of Cross River on Wednesday in Calabar gifted newly-appointed judges brand new SUVs. Making the presentation, the governor also promised to improve the welfare of the judges According to a statement by the Cross River government, he described the gesture as a way of appreciating the
Adulterated petrol: No sanctions for NNPC, importers, say Reps
The House of Representatives, on Thursday, has said nobody will be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s fuel chain and untold hardships on Nigerians. At the plenary on Thursday, the House considered and adopted the reviewed
Why naira-dollar exchange rate gap is widening – ABCON
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market exchange rates is driven by acute dollar scarcity due to the continued suspension of foreign exchange sales to BDCs by the Central Bank of Nigeria (CBN). ABCON stated this in
Buhari transmits money laundry, terrorism prevention bills to Reps
President Muhamadu Buhari has transmitted the Money Laundry and Terrorism Prevention Bills 2022 to the House of Representatives for consideration and passage into law. Ahmed Idris-Wase, Deputy Speaker of the House read the cover letter for the two pieces of legislation at resumed plenary on Wednesday. Buhari said the bills
Tens of thousands feared dead in Mariupol as Russia renews assault in eastern Ukraine
LONDON — Tens of thousands of civilians could be dead in Mariupol, the city’s mayor said, as analysts warn that Russia is regrouping for a renewed assault on eastern Ukraine. The streets in Mariupol are “carpeted” with bodies, Vadym Boychenko, the mayor of Mariupol, said Monday. While there is no
Educational needs ‘enormous’ for Ukrainian refugees who have fled to Moldova
Amid the ongoing humanitarian crisis that has unfolded in the weeks since Russia invaded Ukraine, education advocates are working to ensure Ukraine’s displaced children are not forgotten. More than 4.6 million people have fled Ukraine to neighboring countries since the invasion began, according to data from the United Nations High
Shanghai lockdown tests resilience of ‘Zero-COVID’ strategy, as economic and social tolls grow
HONG KONG — China’s largest city is buckling under its biggest COVID-19 outbreak of the pandemic, with infections continuing to rise, despite a strict lockdown of more than 25 million Shanghai residents. Cases in Shanghai surged on Wednesday to another record high of 26,330, of which just 1,190 were symptomatic.
How the New York City subway shooting suspect was captured
Brooklyn subway shooter suspect Frank James, was arrested within 30 hours after the incident through a combination of on-the-ground detective work, technology and possibly a tip from the fugitive himself, investigators said. “We were able to shrink his world, quickly. There was nowhere left for him to run,” New York
PenCom kicks against bill seeking payment of “at least 75 per cent” lump sum to retirees
The National Pension Commission (PenCom) has frowned at the suggested payment of “at least 75 per cent’’ lump sum to retiring workers under the Contributory Pension Scheme (CPS). The suggestion was made in the Pension Reform Amendment Bill currently before the National Assembly. PenCom’s Director-General, Aisha Dahir-Umar, said the suggestion
Union Bank’s 2021 revenue touches record high of N177.3 billion but profit drops
Nigeria’s second oldest financial institution, Union Bank, attained a revenue milestone in 2021 as its gross earnings for the year hit an all-time peak of N177.3 billion, its audited financials obtained from the Nigerian Exchange showed on Wednesday. The feat rested on a more-than-double elevation in cash from recovered debt