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Buhari inaugurates N9.5b Zuba Housing Estate
Abuja, May 2, 2023 – President Muhammadu Buhari on Tuesday inaugurated a N9.5 billion Zuba Housing Estate in the Federal Capital Territory (FCT) in Abuja.. He said the 746 housing unit estate would help to check the multi-dimensional poverty in the country. The estate, which is located on a 18.5 hectares of land, consists of 16 blocks of 3-bedroom flats in a block of 8 flats. Others are 32 blocks of 2-bedroom flats in a block of 8 flats; 14 blocks of 1-bedroom flats in a block of 16 flats …
WTI crude falls 4% as economic fears trigger selloff
By Julianne Geiger for Oilprice.com New York, May 2, 2023 – Crude oil prices were sent tumbling on Tuesday morning with WTI falling below $73 per barrel, with Brent falling below $77 per barrel on jitters about the economy. Oil futures are set to finish out the day on Tuesday at their lowest levels since the end of March as the market looks toward the Fed’s next policy decision. WTI for June delivery (CLM23) fell $3.12 (-4.18%) on Tuesday by 10:45 a.m. to $72.56 per barrel. Brent crude oil for …
Reps writes to UK, pleads mercy for Ekweremadu
Abuja, May 2, 2023 – The House of Representatives on Tuesday wrote to the United Kingdom Government to interfere in the sentencing of the deputy President of the Senate, Ike Ekweremadu, and his wife, Beatrice. This followed the adoption of a motion of urgent public importance raised by a member, Toby Okechukwu, during the plenary session of the House. The lawmakers pleaded that the UK court to temper justice with mercy in the sentencing of the lawmaker and also urged the Federal Government to take diplomatic steps to intervene in …
Wike declares public holiday to honour Tinubu’s visit
Port Harcourt, May 2, 2023 – Nyesom Wike, the Rivers State Governor, has declared Wednesday, May 3, as work-free day in the state in honour of Bola Tinubu, the President-elect, who is paying a two-day visit. He announced the decision on Tuesday morning during a statewide broadcast. Wike said that Tinubu would be visiting the state for a two-day working visit to inaugurate some legacy projects executed by his administration. He specifically directed that businesses located along Rumuola to Rumuokwuta roads in Obio/Akpor Local Government Area of the State should …
Police arrest INEC former Adamawa Resident Commissioner
Abuja, May 2, 2023 – The Nigerian Police Force on Tuesday confirmed the arrest of former INEC Resident Commissioner in Adamawa, Hudu Yunusa-Ari. Olumuyiwa Adejobi, the Force Spokesman, issued a statement on this in Abuja on Tuesday. “The Nigerian Police Force (NPF) hereby confirms the arrest of Barr. Hudu Yunusa-Ari, the Adamawa State Resident Electoral Commissioner (REC), who was alleged to have announced the candidate of the All Progressives Congress winner of the gubernatorial elections during the recently concluded supplementary elections following calls for his arrest and investigation by the …
Reps directs NIMASA to suspend disbursement of $700m Cabotage Fund
Abuja, May 2, 2023 – The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to suspend the planned disbursement of $700 million Cabotage Fund to shippers immediately. The House also directed the agency to present an audited statement of account showing all monies that have accrued to the Cabotage Vessel Finance Fund within seven days. This followed the adoption of a motion of urgent public importance brought by Henry Nwawuba and adopted by the House on Tuesday. The House also directed its Committee on Local Content …
SEC blacklists 6 illegal online trading platforms
Lagos, May 2, 2023 – The Securities and Exchange Commission has blacklisted six illegal online trading platforms and warned Nigerians against dealing with them. A circular issued by SEC on Monday said that the blacklisted firms were not registered with it and unauthorised to carry out such investment services. “The Commission’s attention has been drawn to the underlisted e-commerce companies and their websites offering online trading platforms to the investing public. “They are not registered by the SEC Nigeria and the financial services offered by them are also not authorised. …
Buhari re-appoints Abike Dabiri-Erewa Chairman of NIDCOM
Abuja, May 2, 2023 – Abike Dabiri-Erewa has been reappointed as the Chairman of Nigerians in Diaspora commission (NIDCOM) by President Buhari. The notice of her reappointment was contained in a letter written by the President to the Senate requesting the Upper Chamber to confirm her reappointment. Dabiri-Erewa was first appointed as NIDCOM chairman in November 2018. Before then, she was the Senior Special Adviser to the President on Foreign Affairs and Diaspora. Between 2003 and 2015, Dabiri-Erewa was a member of the House of Representatives representing Ikorodu Federal Constituency …
May Day: NLC directs Imo State workers to begin strike
Owerri, May 2, 2023 -The leadership of NLC) and TUC have jointly directed workers in Imo State to withdraw their services from the state from Tuesday night. The unions said the decision followed the disruption of Monday’s Workers’ Day celebration by agents of the state government. NLC said in a statement signed by its General Secretary, Emmanuel Emmanuel Ugboaja, that the decision was taken at an emergency meeting of Central Working Committee of the NLC and TUC where the May Day incident was discussed. “Consequently, all affiliates are kindly requested …
NDIC lauds judiciary, solicitors for diligent prosecution of failed bank cases
Abuja, May 2, 2023 – Mr. Bello Hassan, the Managing Director of Nigeria Deposit Insurance Corporation (NDIC), has commended the judiciary and members of the Nigerian Bar Association for collaborating with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at a sensitization seminar for external solicitors of the Corporation with the theme: “The role of NDIC external solicitors in the execution of the mandate of the Corporation”. The NDIC boss said the support from its external solicitors …