Global Business News
Global Business News
Global Business News

Abuja, April 16, 2023 – Atiku Abubakar, the Presidential Candidate of PDP in 2023 general elections, has warned of impending political crisis in the state if the result of the governorship election in the state is upturned. In a statement signed by his Media Adviser, Paul Ibe, on Sunday, Atiku said that the initial decision of the Resident Electoral Commissioner in Adamawa State to declare the All Progressives Congress candidate, Aisha Binani, as the winner of the election, was a case study to the shambolic nature of this year’s elections …

Abuja, April 16, 2023 -The NDLEA has intercepted large consignments of illicit drugs from a passenger, Joshia Sunday, who was travelling on a Qatar Airlines flight via Doha to Oman. The drugs, which included tramadol, Rohypnol, ecstasy (designer drug) and cannabis hidden in winter jackets and bottles of body cream, were intercepted at Murtala Muhammed International Airport in Lagos State. Femi Babafemi, the NDLEA Spokesperson, disclosed this in a statement on Sunday. “A thorough search of the suspect’s two black bags led to the discovery of 4.80 kilogrammes of cannabis …

Birnin Kebbi, April 16, 2023 – INEC has declared Nasir Idris of the All Progressives Congress (APC) as the winner of the governorship election in Kebbi State Idris was announced as winner on Sunday after the conclusion of collation of results of the supplementary election held on Saturday. Yusuf Saidu, the INEC Returning Officer in Kebbi State for the supplementary governorship polls, declared Idris the winner and governor-elect of the state. He said that Idris polled 409,225 votes to defeat his opponent from the opposition PDP, Aminu Bande, who polled …

Mr Akinola George-Taylor has been appointed the substantive Chief Executive Officer of Heritage Bank. A statement by Ozena Utulu, the Group Head, Corporate Communications of the bank, on Sunday said this followed the approval of the bank’s board. The statement said that the Central Bank of Nigeria (CBN) had also approved George-Taylor’s appointment. George-Taylor joined Heritage Bank as Acting Managing Director/ Chief Executive Officer on Sept. 12, 2022. He is succeeding Ifie Sekibo. The statement said George-Taylor would oversee the bank’s operations and work toward implementing its next phase of …

Abuja, April 15, 2023 – Nigeria’s inflation rate rose to 22.04 per cent in March 2023, the National Bureau of Statistics (NBS) has reported. The figure is higher than the 21.91 per cent recorded in February 2023. The latest NBS report issued on Saturday said that food inflation rose to 24.45 per cent in March 2023 from 24.35 per cent in February 2023, while urban inflation rose to 23.07 per cent and rural inflation was 21.09 per cent. The Bureau disclosed that the increase in the food index was driven …

Abuja, April 15, 2023 – The INEC and the EFCC have jointly appointed 18 lawyers to prosecute electoral offenders during the 2023 general elections. The 18 lawyers are prosecute electoral offences relating to financial crimes arising from the 2023 general elections. There are two Senior Advocates of Nigeria (SANs) out of the 18 lawyers,. The two SANs are Abdulaziz Sani and Rotimi Oyedepo. The other lawyers include Nasara H. Auta, Odinaka Ikoroha, Adeyemi Olufemi, Mahmud Tafarki, Ahmed Mohammed, Amaka Okwuaka, Enoch M. Akafa, and Temple Ukaegbu. The others are Samuel …

Abuja, April 15, 2023 -The Independent National Electoral Commission (INEC) has lined up 200 electoral crime suspects in the 2023 general elections for prosecution. Rotimi Oyekanmi, the Chief Press Secretary to the INEC Chairman, disclosed this at the weekend. He said the commission had already received over 50 case files from the police authorities. “There are over 200 accused persons set for prosecution. “The commission has directed its Litigation and Prosecution Department to study the files and advise it on the prosecution. “The department has since commenced action and as …

Instabul, April 14, 2023 – Nigerian-born Italian up-and-coming volleyball star, Julia Ituma, has died after a suspected fall from a hotel room window in Turkey following her team’s, Novara, defeat to Turkish side Eczacibas in the Champions League semi-final. Turkish police said 18-year-old Ituma was staying on the sixth floor of a hotel in Istanbul. The body of the Italian-born athlete of Nigerian origin was discovered at 5:30 am local time in front of the hotel, Turkish daily Daily Sabah reported. Her club announced, “With deep sorrow and emotion the …

Lagos, April 16, 2023 – Dr Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), says promotion of staff to all positions in the Agency including director is based on merit. Jamoh said in Lagos that the recent promotion of two of the Agency’s staff to directors, as part of the 510 newly promoted staff in NIMASA was approved by the Agency’s Board after a thorough and rigorous screening exercise. “We are focused on rewarding hard work and commitment with incentives which include promotion of …

Washington D.C., April 14, 2023 Godwin Emefiele, the CBN Governor, says the 3.2 per cent rate economic growth projected for Nigeria by the IMF confirms that Nigeria’s economic policies are yielding expected results. Emefiele on Friday told Nigerian journalists attending the spring meetings of the world Bank/IMF that CBN’s economic policies were on course. He said the focus of monetary policy of the CBN was to bring down inflation as well as stability of the banking sector. He said while the growth projections for Nigeria were still sub-optimal, they were …