Global Business News
Global Business News
Global Business News

Abuja, April 19, 2023 – A total of 3,298 prisoners in Nigeria are on death sentence. Mr Abubakar Umar, the Spokesman for the Nigerian Correctional Service, formerly called Nigeria Prison Service, said this in Abuja on Wednesday. He said that the term ‘condemned criminal’ had been abrogated. Umar said that with the implementation of the new NCoS Act 2019, which made the prisons correctional centres, the term ‘condemned criminal’ had abrogated as it was stigmatising. He said that the service preferred to use a more friendly term of ‘Inmates on …

Yola, April 19, 2023 – Abubakar Atiku, the Presidential candidate of the PDP, has congratulated Gov. Ahmadu Fintiri of Adamawa on his re-election. Atiku in a statement thanked the people of Adamawa for re-electing Fintiri. Fintiri won the election with 430, 861 votes to defeat his closest rival, the All Progressives Congress candidate, Aisha Binani, who scored 398,788 votes. “The lesson from this exercise and others is the need for Nigerians to be vigilant and never give in to anti-democratic forces whose objective is to snatch, run with and undermine …

Abuja, April 19, 2023 -The Federal Government on Tuesday evacuated additional 107 Nigerians from Libya. Amb. Kabiru Musa, the Nigerian Charge D’affaires in Libya, said in a statement that the evacuees would arrive at the Murtala Mohammed International Airport, Lagos, on Tuesday. “The Federal Government, in collaboration with the International Organisation for Migration (IOM), have successfully carried out four evacuation exercises, repatriating about 700 stranded Nigerians from Libya in 2023 already. “107 stranded Nigerians departed Misrata International Airport aboard chartered flight No.UZ189 at 13:15 local time and are expected to …

Abuja, April 19, 2023 – Sen. Aishatu Dahiru Ahmed (Binani), the All Progressives Congress (APC) governorship candidate in Adamawa State, has denied offering N2 billion bribe to the state Resident Electoral Commissioner, Hudu Yunusa Ari, to declare her as governor-elect. She described herself as a democrat who will never do anything to subvert democratic process. She alleged that an officer of the Department of State Services (DSS) was tortured by some thugs, state government agents and the Government House police to make such unfounded allegations against her. Binani, in a …

Lagos, April 18, 2023 – The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday identified some advantages in the removal of petrol subsidy as being contemplated by the Federal Government. Its President, Dr. Michael Olawale-Cole, said the removal of subsidy would be one of the best economic decisions to be taken by Nigerian government. He was speaking at the chamber’s second-quarter State of the Economy Conference in Lagos. He said that removal of petrol subsidy would also reduce Nigeria’s unsustainable debts and widespread corruption in that sector. Olawale-Cole said …

Kaduna, April 18, 2023 – Eight female students from Government Secondary School, Awon in Kaduna State, who were kidnapped by terrorists on Monday, have escaped from the terrorists’ den. The students, according to preliminary briefings, escaped from a thick forest around the Kaduna-Niger interstate boundaries and walked for days before arriving at a location (kept undisclosed for security reasons) where they were harboured. In a statement, the state commissioner of Internal Security and Home Affairs, Samuel Aruwan, said human intelligence sources subsequently alerted the Kaduna State Government for immediate evacuation. …

Lagos, April 18,2023 – A dead stowaway believed to be a Nigerian was found dead in the wheel well of a KLM Royal Dutch Airlines Boeing 777 plane. The Dutch aircraft, registered PH-BQM, flew from Nigeria’s commercial hub, Lagos, according to Belgium’s Aviation24 Confirming the incident, the Royal Dutch Marechaussee noted that stowaways survive sometimes, but do not in most cases. The Royal Marechaussee is the national force of the Netherlands, performing military and civilian police duties. “This morning, a deceased stowaway was discovered in the wheel well of a …

Lagos, April 18, 2023 – The National Industrial Court of Nigeria (NICN) in Lagos on Tuesday revoked the appointment of a caretaker committee to manage parks and garages in Lagos State by the state government. Delivering Judgment in the suit NICN/LA/381/2022, Justice Maureen Esowe ordered the reinstatement of the operations of the Road Transport Employers Association of Nigeria (RTEAN) in Lagos State. The Road Transport Employers Association of Nigeria (RTEAN) had instituted the suit in October 2022 challenging the Lagos State government for dissolving elected executive committee of the union …

Yola, April 18, 2023 – INEC has declared Ahmadu Fintiri, the incumbent Gov. of Adamawa State and PDP Candidate winner of the governorship election in the state. Fintiri scored 430,869 votes to defeat the candidate of the APC, Aishatu Dahiru Binani, who polled 398,788 votes. Total number of registered voters for the supplementary voters stood at 42,989, while the number of accredited voters was 16,423. The returning officer, Mohammed Mele, announced that a total of 2,196,566 people registered for the election, while 876,387 were accredited to vote in the entire …

Abuja, April 18, 2023 -The Federal Government has failed to service debt to China which has accumulated to N110.31 billion in the last two years. According to report by the Debt Management Office (DMO), the debt stock included the principal and repayment charges. DMO revealed that from January 2021 to December 2022, the principal fee stood at N69, 009,417,500 ($153.85million), while the interest charges amounted to the sum of N41, 311,455,000 ($92.1million). The debts were incurred for the completion of the Nigeria Railway Modernisation Project (Idu-Kaduna Section), the Nigeria Railway …