Archive for month: November, 2023

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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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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