Latest Articles
U.S. imposes visa ban on Nigerians who undermined 2023 elections
Abuja, May 15, 2023 – The United States on Monday said that it had taken a decision to impose visa ban on specific Nigerians who undermined the last general elections, Antony J. Blinken, the Secretary of State, who announced this in a statement, said the move was not targeted at Nigerians nor the government. He did not name the specific individuals. “The United States is committed to supporting and advancing democracy in Nigeria and around the world. “Today, I am announcing that we have taken steps to impose visa restrictions …
Chikezie Uwazie, another Nigerian actor, dies
Lagos, May 15, 2023 – Another Nigerian actor, Chikezie Uwazie, is reportedly dead just hours after the death of two frontline actors, Saint Obi and Murphy Afolabi, He was said to have died after a second brain surgery in the United States. His colleague, Obey Etok Chima posted the news of his passage on her Facebook on Sunday. She wrote: “I can’t imagine am posting this. Chikezie Uwazie goneeeee. After a 2nd brain surgery. Gini na emezi. “Am so shocked to get this news this evening. Just got this from …
Inflation rises to 22.22%, the highest in 17 years
Abuja, May 15, 2023 – Nigeria’s headline inflation rate rose to 22.22 percent in April 2023, the National Bureau of Statistics (NBS) has reported. The headline inflation rate was 22.04 percent in March 2023. The NBS gave the statistics in its monthly report released in Abuja on Monday. The rate is the highest inflation rate in the country in the last 17 years. Headline inflation measures the total price changes of a basket of goods and services in an economy over a period. “In April 2023, the headline inflation rate …
Oil slips as economic worries take focus off tighter supplies
Singapore, May 15, 2023 – Oil prices fell on Monday as concerns about fuel demand in the top global oil consumers, the United States and China, offset bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 26 cents, or 0.35%, to $73.91 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude was at $69.34 a barrel, down 20 cents, or 0.29%. Last week, both benchmarks fell for a fourth consecutive week, the longest streak of weekly declines …
NGX traded N36.451b worth of shares last week
Lagos, May 15, 2023 – A total of 3.602 billion shares worth N36.451 billion were traded in 27,801 deals on the Nigerian Exchange (NGX0 last week. This was in contrast with the 2.973 billion shares valued at N22.828 billion traded in 23,765 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart last week with 3.150 billion shares valued at N27.484 billion traded in 14,987 deals. The industry contributed 87.47 percent and 75.40 percent to last week’s total equity turnover volume and value, respectively. …
FG ends evacuation from Sudan with 2,518 returnees
Abuja, May 14, 2023 – The Federal Government has concluded evacuation of Nigerians stranded in the war-torn Sudan. It said it brought back a total of 2,518 returnees against the estimated 5500 Nigerians that were said to have expressed their readiness for evacuation. The government said on Sunday in a statement signed by Amb. Janet Olisa that: “In summary, 15 flights were deployed by the Federal Government to airlift a total number of 2,518 Nigerian nationals from Sudan. “A mop-up exercise will be organised for other Nigerians who may want …
39 killed in farmer-herder clash in Nasarawa State
Lafia, May 14, 2023 – More than 39 persons have been killed in a clash between farmers and herders in Taka-Lafia and Kwaja communities of Karu Local Government area of Nasarawa State. According to sources, the incident started on Friday when herders with their cattle invaded some farmlands in Gitata community in Karu Local Government. The invasion led to the macheting of a herder to death. The death of the herder led to a reprisal attack by herders in Taka-Lafia and Kwaja communities in Karu Local Government area. This led …
SERAP advises World Bank to suspend $800m loan to Nigeria
Abuja, May 14, 2023 – A Non-Governmental Organisation, the Socio-Economic Rights and Accountability Project (SERAP), has urged the World Bank to suspend the disbursement of the $800 million loan being requested by Nigeria. SERAP urged the Word Bank to suspend discussion on the loan until the new administration comes into office on May 29. Buhari, had last week, written to the Senate seeking the approval for the request of the loan, just three weeks before the end of his tenure. Kolawole Oluwadare, SERAP Deputy Director, disclosed this on Sunday, saying …
2 businessmen excreted 193 pellets of cocaine – NDLEA
Abuja, May 14, 2023 -Two businessmen arrested by the NDLEA at Abuja airport for cocaine have excreted 193 pellets of the drug after three days in the observatory. The suspects are Onoh Ebere, 49, and Christian Ifeanyi Ogbuji, 47. They were intercepted at the airport on Wednesday, May 10, on arrival from Uganda via Addis Ababa onboard Ethiopian Airlines flight ET 951. Femi Babafemi, the Spokesman for the NDLEA, said in a statement on Sunday that Ebere Onoh excreted 100 pellets weighing 2.137kg, while Christian Ifeanyi Ogbuji excreted 93 pellets …
Yoruba actor, Murphy Afolabi, is dead
Lagos, May 14, 2023 – Murphy Afolabi, a popular Nollywood actor, is dead. Family sources said he died on Sunday morning, barely 24 hours after the announcement of the death of another actor, Saint Obi, Although detail of the cause of the death is still hazy, but some sources linked in to domestic accident. (GBN)