Latest news summary in Nigeria
Police in Rivers State have arrested a specialist car thief and recovered a stolen vehicle. The suspect, identified as Babangida Umar, is said to be part of a car-snatching syndicate that specializes in stealing high-end vehicles. His arrest comes as part of the ongoing efforts by the police to curb car theft in the state.
Seplat Energy, a leading Nigerian indigenous oil and gas company, has reaffirmed its commitment to corporate governance and growing shareholders' wealth. This follows the company's recent release of its 2021 Sustainability Report, which highlights its environmental, social, and governance (ESG) performance and achievements. Seplat Energy aims to maintain transparency and accountability in its operations.
The Nigeria Security and Civil Defence Corps (NSCDC) has deployed motorcycles for 24-hour surveillance in the Federal Capital Territory (FCT). The move is aimed at enhancing security and combating crime in the FCT. The motorcycles will enable the NSCDC personnel to access remote areas and respond quickly to incidents.
The Minister of Industry, Trade, and Investment, Niyi Adebayo, and the Governor of Kaduna State, Nasir El-Rufai, are among the dignitaries expected to grace the Nigeria Diaspora Direct Investment Summit (NDDIS) in London. The summit is aimed at attracting diaspora investments into key sectors of the Nigerian economy, such as agriculture, manufacturing, and infrastructure.
Analysts have warned that the imbalances between food demand and supply in Nigeria could push the country's inflation rate to 34.56%. The analysts attribute this to rising global food prices, insecurity in food-producing regions, and the impact of the COVID-19 pandemic on agricultural activities. They urge the government to implement measures to boost food production and address supply chain challenges.
The China Civil Engineering Construction Corporation (CCECC) has handed over a $50 million transportation university to the Nigerian government. The university, located in Daura, Katsina State, will focus on the training and development of skilled personnel in the transportation sector. It is expected to contribute to the government's efforts to improve the country's transportation infrastructure.
The Benue State government has highlighted the abundant investment opportunities in the agricultural sector. The Acting Secretary to the State Government, Amos Gwamna, urged potential investors to take advantage of the state's fertile agricultural land, favorable climate, and pro-investment policies. He emphasized the government's commitment to supporting agribusiness and creating an enabling environment for investors.
The National Education Loan Fund (NELFUND) is set to kick off the disbursement of loans to students of federal institutions. The fund aims to provide financial support for students to pursue their education without worry about tuition fees. The disbursement of the loans follows the successful completion of the verification and documentation process for the beneficiaries.
The Nigerian Governors' Forum (NGF) has appointed Abdulateef Shittu as the Acting Director-General of the forum. Shittu, who was the Director of Communications and Advocacy, will take charge of the NGF's operations pending the appointment of a substantive Director-General.
The National Association of Women Journalists (NAWOJ) in the Federal Capital Territory (FCT) has lamented the rising cost and low quality of sanitary pads. The association is calling on the relevant authorities to address the situation and ensure the availability of affordable and quality sanitary pads for women and girls.
The Speaker of the House of Representatives, Femi Gbajabiamila, has urged the Governor of Kano State, Abdullahi Ganduje, to reconcile aggrieved members of the All Progressives Congress (APC) in the state. Gbajabiamila made the call during a meeting with Ganduje at the Government House in Kano. He emphasized the need for unity and cohesion within the party.
TBD, a decentralized finance platform, is expanding its operations in Africa by adding Chipper Cash to its growing tbDEX ecosystem. TBD aims to leverage Chipper Cash's payment infrastructure to provide decentralized financial services to users across Africa. The partnership is expected to enhance financial inclusion and promote the adoption of digital currencies in the region.
The staff of the Nigerian Meteorological Agency (NiMET) have suspended their planned strike following the intervention of the House of Representatives. The staff had threatened to embark on a nationwide strike to demand improved welfare and working conditions. However, the House of Representatives intervened and urged the management of NiMET to address the staff's grievances.
Oyekanmi, the Executive Director of Baobab Nigeria, has announced plans for expansion and new growth opportunities for the company. Baobab Nigeria, a financial technology company, aims to continue providing innovative financial services to the underserved population in Nigeria. The company plans to leverage its technology and network to reach more customers and offer new financial products.
The Governor of Anambra State, Charles Soludo, has sacked the chairmen of the local government transition committees in the state. The governor's decision was announced by the Secretary to the State Government, Prof. Solo Chukwulobelu. The move is part of the governor's ongoing efforts to reposition the local government system in the state.
The candidate of the Peoples Democratic Party (PDP) in the Anambra State governorship election, Valentine Ozigbo, has urged graduates of Tansian University to challenge the status quo with the knowledge acquired during their education. Ozigbo, who spoke at the convocation ceremony of the university, encouraged the graduates to be change agents and contribute to the development of the state and Nigeria.
The Federal Government has granted the National Information Technology Development Agency (NITDA) a license to certify data protection professionals in Nigeria. The license will enable NITDA to train and certify professionals in data protection, privacy, and cybersecurity. The move is aimed at strengthening data protection efforts and ensuring compliance with international best practices.
At least six people were killed in a road accident in southern Nigeria. The accident, which involved a truck and a commercial bus, occurred along the Lokoja-Abuja highway. The police are investigating the cause of the accident and have urged road users to exercise caution and adhere to traffic regulations.
The Nigerian stock market recorded slight gains as investors await the outcome of the Monetary Policy Committee (MPC) meeting. The market witnessed increased activity in some blue-chip stocks, resulting in a marginal increase in the All-Share Index. Investors are keenly watching the MPC's decisions on key monetary policy parameters, which could impact market sentiment and investment decisions.
The Nigeria Governors' Forum (NGF) has named Abdulateef Shittu as the Acting Director-General of the forum. Shittu, who was the Director of Communications and Advocacy, will oversee the day-to-day operations of the NGF pending the appointment of a substantive Director-General.
9mobile, a leading telecommunications company in Nigeria, has refreshed its More Business ComboPak with additional benefits for small and medium-sized enterprises (SMEs). The ComboPak offers SMEs a bundled package of voice minutes, data, and SMS at discounted rates. The new benefits include increased data allowances and free access to productivity apps.
The Abuja Light Rail system is ready for commercial operations, according to the Governor of Rivers State, Nyesom Wike. Wike made the announcement during an inspection tour of the rail project. The Abuja Light Rail is expected to provide transportation services to residents and commuters in the FCT, reducing congestion and improving mobility.
The Kogi State Government has vowed to bring the perpetrators of the killing in Ogbe community to justice. The government condemned the recent attack in the community, which led to the loss of lives and destruction of property. The government reiterated its commitment to ensuring the safety and security of residents in the state.
The Nigerian Minister of Health, Osagie Ehanire, has condemned the announcement of a new Health Maintenance Organization (HMO) for civil servants. The minister expressed concern over the proliferation of HMOs and their impact on the implementation of the National Health Insurance Scheme (NHIS). He called for proper regulation and oversight to ensure the efficiency and effectiveness of the NHIS.
The Managing Director of Peter Mbah & Co., a real estate development and investment company, has highlighted the company's intentional approach in fulfilling its promises and timelines. Peter Mbah emphasized the company's commitment to transparency and integrity in delivering quality real estate solutions to its clients. He also discussed the company's plans for future growth and expansion.
The Governor of Rivers State, Nyesom Wike, has revealed plans to commission several projects in the Federal Capital Territory (FCT) as part of activities to mark his first year in office. The week-long projects commissioning, scheduled to take place in Abuja, will showcase the achievements of the Wike administration in different sectors. The projects include infrastructure, healthcare, education, and social welfare initiatives.
The Governor of Benue State, Samuel Ortom, has reiterated that the state is open to investors in the agricultural sector. Governor Ortom highlighted the state's agricultural potential, including vast arable land, access to water resources, and favorable climatic conditions. He assured investors of the government's commitment to creating an enabling environment for agribusiness.
The Lagos Commodities and Futures Exchange (LCFE) has inducted 23 commodities brokers into its ecosystem. The induction ceremony marks a milestone in the development of the LCFE as it strengthens its capacity to facilitate the trading of commodities and derivatives in Nigeria. The brokers will play a crucial role in connecting buyers and sellers in the commodity market.
The Governor of Anambra State, Charles Soludo, has sacked the chairmen of the local government transition committees in the state. The governor's decision was announced by the Secretary to the State Government, Prof. Solo Chukwulobelu. The move is part of the governor's ongoing efforts to reposition the local government system in the state.
The National Education Loan Fund (NELFUND) is set to begin the disbursement of loans to students of federal institutions. The fund aims to provide financial support for students to pursue their education without worrying about tuition fees. The disbursement of the loans follows the successful completion of the verification and documentation process for the beneficiaries.
Seplat Energy, a leading Nigerian indigenous oil and gas company, has reaffirmed its commitment to corporate governance and growing shareholders' wealth. This follows the company's recent release of its 2021 Sustainability Report, which highlights its environmental, social, and governance (ESG) performance and achievements. Seplat Energy aims to maintain transparency and accountability in its operations.
The Central Bank of Nigeria (CBN) has withdrawn its circular on the payment of the cybersecurity levy. The move follows pressure from various stakeholders who raised concerns about the circular's content and implications for businesses. The CBN has stated that it will engage with stakeholders and review the circular to address the concerns raised.
The crisis within the All Progressives Congress (APC) in Zamfara State continues as 12 executive members condemn the suspension of Senator Kabiru Marafa. Marafa, a prominent member of the APC, was suspended by the faction loyal to former Governor Abdulaziz Yari. The executive members are calling for the suspension to be lifted and for peace to be restored within the party.
The Federal Executive Council (FEC) has endorsed BUA Cement's proposal to invest N120 billion in the rehabilitation of the Lokoja-Benin Road. The endorsement is part of the implementation of Executive Order 7, which aims to facilitate private sector investment in critical infrastructure projects. The rehabilitation of the Lokoja-Benin Road is expected to improve connectivity and boost economic activities along the route.
The monarchs of Ohafia in Abia State have set up a comprehensive economic package to develop the area. The economic package includes initiatives to promote agriculture, tourism, and entrepreneurship. The monarchs are seeking to attract investments and create opportunities for the people of Ohafia, thereby improving their economic well-being and overall development.
The Hypertension Treatment in Nigeria Programme (HTN) is seeking to expand its activities to five new states. HTN, a public health initiative focused on combating hypertension and related cardiovascular diseases, aims to improve access to diagnosis, treatment, and management of hypertension in Nigeria. The expansion will enable more Nigerians to benefit from the program's services and contribute to reducing the burden of hypertension.
The Movement for the Survival of the Ogoni People (MOSOP) has called for the revocation of contracts awarded for abandoned road projects in Ogoniland. The group expressed concern over the poor state of the roads and the impact on the socio-economic development of the Ogoni people. MOSOP urged the relevant authorities to take immediate action to address the situation and ensure the completion of the road projects.
The Central Bank of Nigeria (CBN) must remain vigilant to withstand risks, including loan defaults and inflationary pressures, according to financial analysts. The analysts highlight the need for the CBN to continuously monitor and manage risks in the financial system to maintain stability and protect the economy. They emphasize the importance of proactive measures to mitigate potential risks and ensure sustainable economic growth.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Governor of Rivers State, Nyesom Wike, and other state governors over their alleged failure to account for and publish the monthly allocations they receive from the Federation Account Allocation Committee (FAAC). SERAP argues that the governors' failure to account for the allocations violates the Constitution and the right to access information.
A Nigerian judge has denied bail to separatist leader Nnamdi Kanu, who is facing charges of treasonable felony. This is the second time Kanu's bail application has been denied. The judge cited the seriousness of the charges and the risk of the defendant jumping bail as reasons for the denial.
Source of content: OOO News 2024-05-20 News
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