Naira appreciated at the foreign exchange market on Friday, November 3, trading at N950/$1 as against the N1,024/$1 it traded on Thursday, November 2. This comes after the Central Bank of Nigeria (CBN) commenced the clearance of forex backlogs. This step was taken by the central bank to boost...
Archive for month: November, 2023
N5 billion presidential yacht has been delivered before public outcry — Chief Whip Ndume
The Chief Whip of the Senate, Ali Ndume, has disclosed that the controversial N5 billion presidential yacht had been delivered to Nigeria before public outcry. The Chief Whip disclosed this in an interview with Arise Television on Friday, November 3. According to him, “We queried the amount budgeted for...
‘Crypto King’ Sam Bankman-Fried found guilty of fr@ud, faces up to 115 years in prison
The co-founder and former CEO of crypto exchange FTX, Sam Bankman-Fried, was on Thursday, November 2, found guilty on all seven counts related to fr@ud and money laundering. Bankman-Fried, who also owned a trading firm called Alameda Research, was charged with misappropriating billions of dollars of customer funds, among...
House of Reps transfers N5 billion budgeted for presidential yacht to student loans
The Nigeria House of Representatives has transferred the N5 billion initially budget for a presidential yacht to student loans. The chairman of the house of representatives committee on appropriations, Abubakar Bichi, disclosed this in Abuja on Thursday, November 2. According to him, “As far as we are concerned we...
Pres. Tinubu didn’t ask for a presidential yacht. He doesn’t need it — Presidential spokesperson
Temitope Ajayi, the Senior Special Assistant to the President on Media and Publicity, has said that President Bola Ahmed Tinubu did not ask for a presidential yacht as he doesn’t need it. Recall that the federal government budgeted N5.09 billion for the procurement of a presidential yacht in the...
We spent just N500m on public toilets — Jigawa commissioner
The Jigawa State government has spent just N500 million on the provision of improved toilets in schools, hospitals, markets, and motor parks across the state. The Commissioner for Water Resources, Alhaji Ibrahim Hannungiwa, disclosed this on Wednesday, November 1, in Dutse, the state’s capital. He said the government had...
Nigerians sigh a breath of relief as EFCC bans sting operations at night
The Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has directed that sting operations at night time be stopped in all the Commands of the EFCC. This is in line with the newly-reviewed procedures on arrest and bail of suspects, EFCC said in a statement on...
47-yr-old American woman arrested for k+lling her boyfriend who wanted to serve her breakfast after inheriting $30m
A 47-year-old woman has been arrested and charged with the m¥rder of her boyfriend of 10 years in North Dakota, USA. The suspect, Ina Thea Kenoyer, is accused of po¥§oning 51-year-old Steven Edward Riley Jr. to d£ath after learning that he planned to d¥mp her after receiving around $30...
Just In: NLC president, Joe Ajaero, hospitalized after allegedly being ‘br¥talized’ by police in Imo
The President of the Nigeria Labour Congress, NLC, Comrade Joe Ajaero has been hospitalized after he was allegedly br¥talized by police operatives who arrested him in Owerri, Imo State. Vanguard reports that Ajaero was rushed to the Federal Medical Centre, FMC, on Wednesday evening, November 1, with his right...
Perform or be sacked — Pres. Tinubu to ministers
President Bola Tinubu has vowed to dismiss any of his 48 ministers who do not deliver on his/her assignments and set targets. The president said this while speaking at the start of a three-day Cabinet Retreat at the State House Conference Centre in Abuja on Wednesday, November 1. “At...
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