Latest Articles
Court dismisses suit seeking nullification of Buhari’s election
Abuja, Jan. 30, 2023 – A Federal High Court in Abuja on Monday dismissed a suit filed by a former presidential candidate of Hope Democratic Party, Chief Ambrose Owuru, against the election of the President Muhammadu Buhari in the 2019 presidential election. The suit was dismissed by Justice Inyang Ekwo on three grounds. One of the grounds was that the suit constituted a gross abuse of court process, statute barred and was an affront to the supremacy of the Supreme Court of Nigeria. The judge also held that the suit …
DSS intercepts syndicate selling new naira notes
Abuja, Jan. 30, 2022 – The Department of State (DSS) says it has intercepted a syndicate involved in the sale of the newly redesigned naira notes. Dr Peter Afunanya, the Spokesman for the agency, said this in a statement on Monday that some commercial bank officials were aiding the economic malfeasance. “Consequently, the Service warns the currency racketeers to desist from this ignoble act. Appropriate regulatory authorities are, in this same vein, urged to step up monitoring and supervisory activities to expeditiously address emerging trends. “It should be noted that …
11 passengers burnt to death in accident
Ondo, Jan. 31, 2023 – Eleven passengers were burnt to death in a road accident which involved a trailer and a Marcopollo bus at Soka Bridge in Ore, the headquarters of Odigbo Local Council of Ondo State on Sunday. All the victims were passengers in the Marcopollo bus. According to an eyewitness, the accident was caused by the truck driver who drove against traffic while on speed. The eyewitness said the truck rammed into the Marcopollo bus coming from Benin axis. “The trailer was the one that caused the accident. …
Corpse disappears from mortuary in Ogun
Sagamu, Jan. 30, 2023 – The corpse of a woman slated for burial on Saturday is still missing from the morgue of the Olabisi Onabanjo University Teaching Hospital, Sagamu, Ogun State. A source said the drama started on Friday when the family of the deceased came to the hospital to take the body for burial only for them to discover that the corpse was no longer in the mortuary. The source said the body, which was brought to the morgue in October 2022, could not be found among 69 other …
NGX traded N13.653bn worth of shares last week
Lagos, Jan. 30, 2023 – A total turnover of 756.769 million shares worth N13.653 billion were traded in 18,248 deals last week by investors on the floor of the Exchange. This was in contrast to the 1.241 billion shares valued at N15.668 billion traded in 18,560 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart with 454.718 million shares valued at N4.813 billion traded in 8,214 deals, contributing 60.09% and 35.26% to the total equity turnover volume and value, respectively. The ICT Industry …
NAFDAC to use traceability strategy to check substandard medicines
Lagos, Jan. 30, 2023 – The National Agency for Food and Drug Administration and Control (NAFDAC) will check menace of substandard and falsified medicines in the country through effective implementation of pharmaceutical traceability strategy. Its Director General, Prof. Mojisola Adeyeye, said this at the just concluded traceability workshop in Port Harcourt, Rivers State. The workshop, which was organised by NAFDAC, was aimed at finalising the draft regulations on traceability of pharmaceutical products in the country. A statement issued by NAFDAC Resident Media Consultant in Lagos on Sunday, quoted Adeyeye as …
10-day extension of deadline for currency swap inadequate – expert
Lagos, Jan. 29, 2023 – Dr. Muda Yusuf, the Chief Executive of the Centre for the Promotion of Private Enterprise (CPPE), says the 10-day extension of the deadline for currency swap is not adequate. Yusuf said this in a statement in Lagos on Sunday, a copy of which was made available to the Global Business News (GBN). He said that there was a huge stock of the old notes in the system and the glaring shortcomings of the CBN might make the new timeline difficult to meet. He, therefore, recommended …
NDLEA dismantles drug cartel, arrests 5 leaders
Abuja, Jan 29, 2023 – The National Drug Law Enforcement Agency (NDLEA) says its operatives have dismantled a trans-border drug cartel and arrested five leaders of the syndicate operating in parts of the world. Femi Babafemi, its Spokesman, said in a statement on Sunday that this followed a special operation that lasted weeks during which different quantities of skunk, methamphetamine and ephedrine as well as air compressors used to conceal and distribute them globally were recovered. According to the statement, the special operation came on the heels of a warning …
Container falls off truck, kills 9 in Lagos
Lagos, Jan. 29, 2023 – An articulated truck conveying a 20ft container fell on a commercial bus at Ojuelegba, Lagos, on Sunday killing nine persons. Dr Olufemi Oke-Osanyintolu, the Permanent Secretary, Lagos State Emergency Management Agency (LASEMA), said the truck lost control while ascending a bridge. “Upon arrival at the scene, a truck conveying a 20ft container was found to have landed on top of a commercial bus. “Investigation revealed that the bus was picking up passengers when the truck lost control and fell over the side of the bridge. …
CBN extends deadline on expiration of old notes
Abuja, Jan. 29, 2023 – The Central Bank of Nigeria (CBN) has extended the deadline on the expiration of the old naira notes to Feb. 10, 2023. The apex bank said this in a statement on Sunday that the decision was taken at a meeting with President Mohamadu Buhari on Sunday morning. It also said that a seven-day grace period had been granted after the expiration of the extension to Feb, 17, 2023 to allow Nigerians to deposit their old notes at the CBN after the deadline. It said that …