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Amidst the grief over the loss of late singer Mohbad, a dispute has erupted among his family members regarding his inheritance. Rinsola Abiola, daughter of late Moshood Abiola, expressed her thoughts on how some families prioritize a man's wealth after his passing. Furthermore, Mohbad's wife, Omowunmi, worries about the future of their young son. This article delves into the complexities of inheritance conflicts and sheds light on the challenges faced by the late singer's loved ones.
The National and State Assembly Election Petition Tribunal in Enugu State has nullified the election of Honourable Bright Ngene of the Labour Party as the House of Assembly member representing Enugu South urban constituency. The tribunal ordered a rerun election within 90 days based on the grounds that the number of votes credited to the winner was fewer than the number of disenfranchised voters in the constituency. Meanwhile, the parliamentary election petition tribunal in Lagos state has debunked media reports of cancelling the election victory of Honourable Atta Achief Thaddeus, the House of Representatives member-elect, Eti-Osa Federal Constituency.
Ending IPOB's sit-at-home order in the Southeast region marks a pivotal moment for the area's socio-economic activities. The collaboration between the army and relevant stakeholders has led to a resumption of normalcy in the region.
The Ahmed Bola Tinubu administration in Nigeria is prioritizing domestic health financing, industrialization, and improved health outcomes. Vice President Kashim Shettima reaffirms the administration's commitment to repositioning Nigeria's healthcare system, emphasizing the importance of increased domestic financing for health and promoting health industrialization. Global Health Partners, including the Global Fund, US President's Malaria Initiative (PMI), and the US President's Emergency Plan For AIDS Relief (PEPFAR), express their support and commitment to working with the Tinubu administration towards these goals. The visit coincides with the commemoration of the US government's 20 years of support to Nigeria's fight against HIV/AIDS through the PEPFAR initiative.
Nigerian authorities have issued flood alerts to 13 northern states due to heavy rainfall and the potential for impending disasters. The National Emergency Management Agency (NEMA) urges communities to activate emergency response plans and remain vigilant. This article discusses the measures being taken to mitigate potential flooding and ensure the safety of affected areas.
The Federal Capital Territory Administration in Nigeria is set to collaborate with South Korea and Turkiye in the areas of vocational education and agricultural development. Minister Nyesom Wike expressed his admiration for South Korea's vocational education model, highlighting the importance of equipping students with practical skills. The FCT Administration plans to introduce a hands-on approach to vocational schools and skill acquisition centers, inspired by Samsung's involvement in providing practical resources to students. In addition, South Korea is partnering with the FCT Administration on the establishment of a mini electricity grid and other training programs. Similarly, the FCT Minister sees the potential for collaboration with Turkiye in agricultural development, leveraging the large arable land available in the territory. Turkish companies are also interested in participating in the construction of the Abuja metro rail line.
The Apapa Command of the Nigeria Customs Service (NCS) has generated a record-breaking revenue of N676 billion for the Federal Government between January and August. This impressive achievement was achieved through teamwork, diligence, and zero compromise on the part of the officers. The command also made significant seizures of prohibited items, including illicit drugs and firearms. The new Customs Area Controller in Lagos, Comptroller Babajide Jaiyeoba, has been urged to continue the excellent work done by his predecessor.
Nigeria's central bank has issued a circular barring banks from using one-off foreign exchange gains to pay dividends or meet operating expenses. This move comes after several banks reported robust half-year earnings due to currency devaluation. President Bola Tinubu's reforms have allowed the currency to weaken by over a third, saving billions of dollars but exacerbating the cost of living crisis. The central bank has instructed banks to set aside the foreign currency revaluation gains as a buffer against potential adverse movements in the exchange rate. Despite this restriction, top tier lenders such as GT Bank and Zenith Bank have declared interim dividends, boosting sentiment in the stock market.
Unity Bank Plc, a retail lender in Nigeria, is determined to prioritize recapitalization and asset creation in response to the prevailing foreign exchange revaluation in the financial system. The bank's Managing Director, Tomi Somefun, acknowledged the disruptions and impact on the bank's financial positions due to the depreciation of the Naira currency. However, she expressed optimism about the positive economic outcomes of government policies in the near future. Unity Bank Plc aims to bolster its asset creation, liability generation, and business growth while focusing on process automation, cost efficiency, and value chain relationships.
The Nigerian Postal Service (NIPOST) has experienced a significant decline in revenue over the years. This article delves into the reasons behind this decline and the impact it has had on the postal services in Nigeria.
Terrorists in Nigeria's Taraba state killed two Christians and kidnapped six others in an early morning attack. This incident adds to the rising cases of violence and religious persecution in the country, where Christians are targeted by various militant groups. Nigeria leads the world in Christians killed for their faith, making it one of the most dangerous places to be a Christian.
Former Nigerian aviation minister, Femi Fani-Kayode, has said that in some cases, coup can be seen as a "necessary evil". While he acknowledged that Nigeria should avoid a coup, he cautioned against dismissing rebellion as a potential means to remove tyrants. Fani-Kayode's comments come at a time when military coups have occurred in several African countries.
The Nasarawa State Chapter of the PDP has called on President Tinubu to intervene in the alleged diversion of palliatives meant for the poor citizens of Nasarawa State. The PDP claims that government officials have been selling the palliatives instead of distributing them to those in need. The party is urging the Federal Government to take action and ensure that its pro-poor policies are not derailed in Nasarawa State.
The Nigerian Exchange Limited (NGX) reported a significant increase in investments in the stock market this week, with the financial services sector leading the way. This article provides an overview of the investment figures, the top-performing sectors, and highlights the top gainers and losers of the week.
A Catholic seminary student was burned to death in a failed kidnapping attempt by Fulani terrorists in Nigeria. The attack occurred in the rectory of St. Raphael's Catholic Church, in southern Kaduna state. The bandits set the house on fire when they were unable to enter it, resulting in the tragic death of the seminary student. The incident highlights the ongoing Christian persecution and lack of security in the area.
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