Global Business News
Global Business News
Global Business News

Lagos, Dec. 21, 2022 – A 73-year-old man, Dukuye Ohofete, has been remanded in prison custody for allegedly defiling a five-year-old girl. The defendant was arraigned before a Magistrates’ Court in Ogba, Lagos State, after he was recorded by a neighbour while he was perpetrating the act. Adejoke Ladenegan-Oginni, an official of The Lagos State Domestic and Sexual Violence Agency, said this in a statement on Tuesday. “The mother of the survivor was reported to have been separated from the child’s father six months ago. She, alongside the survivor, visited …

Lagos, Dec. 21, 2021 – the Airline Operators of Nigeria have warned Nigerians of impending disruptions in their scheduled flight operations due to the scarcity of aviation fuel otherwise known as JETA1. Prof Obiora Okonkwo, the Spokesman of AON, who said this in a statement, said the scarcity might force airlines to reschedule flights leading to late operations and cancellations in some cases. He said the unexpected development was a dent in airline operators and the industry, especially at this time of mass movement of people for the Christmas and …

Abuja, Dec. 21, 2022 – The National Assembly will pass the Federal Government’s 2023 Budget and the 2022 Appropriation Bill on Thursday. Femi Gbajabiamila, the Speaker of the House of Representatives, gave this indication at the plenary on Tuesday. He said the president had transmitted the Finance Bill 2022 to the National Assembly and the House was billed to pass it by Thursday, The Speaker read the cover letter of the President on the bill titled, ‘Transmission of the Finance Bill 2022 to the National Assembly for Consideration and Passage …

Abuja, Dec. 20, 2022 – President Muhammadu Buhari has commended the contributions of the digital economy to Nigeria’s development, saying that the $547 million generated from the 5G spectrum auction would further fuel developments. President Mohammadu Buhari said this today while inaugurating the National Shared Services Centre, a one-stop-shop for Ministries, Departments and Agencies to interface with citizens which also houses a Cybersecurity Operations Centre, Network Centre and Call Centre. The President, who as accompanied by the Minister of Communications and Digital Economy, Prof. Isa Pantami, said the National Shared …

Washington DC (U.S.), Dec. 20. 2022 – African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of the United States (U.S. EXIM) to enhance trade between Africa and the United States of America. The MoU is also to expand commercial engagements of the African Diaspora community in the U.S. toward facilitating transactions critical to the economic growth of both the U.S. and Africa. The two banks will support trade and economic integration in Africa and across a broad range of trade-enabling sectors, including helping to …

David Oluchukwu, a fake officer of Lagos State Traffic Management Authority, has been sentenced to four months imprisonment for impersonation and extortion. The Lagos State Environmental and Special Offences Mobile Court sitting at Bolade, Oshodi, sentenced him on Monday. Taofiq Adebayo, the Director, Public Affairs and Enlightenment Department in LASTMA, confirmed the development in a statement on Tuesday, He said that Oluchukwu was arraigned on two-count charge bordering on conduct likely to cause a breach of the peace and impersonation. Adebayo said that after Oluchukwu pleaded guilty, he was sentenced …

By Tajudeen Atitebi Lagos, Dec. 20, 2022 – The Ibese Cement Plant of Dangote Industries launched its multi-million naira Corporate Social Responsibility (CSR) projects for host communities at its Community Day last weekend. The event, tagged “2022 Host Community Day”, was an opportunity for the company to unveil its development projects, skill acquisition programmes, scholarships, farming techniques training as well as women empowerment for its 17 host communities. More than 120 students from primary to tertiary institutions received scholarship awards, while 50 vulnerable women and widows were given grinding machines. …

Abuja, Dec. 20, 2022 – Mr Godwin Emefiele, the Governor of Central Bank of Nigeria, for the second time, failed to appear before the House of Representatives today as scheduled. The House had summoned Emefiele to the House to explain his policy on limited cash withdrawal by individuals and corporate entities The first invitation was scheduled for Thursday last week, but he failed to honour the invitation. Edward Adamu, the CBN Deputy Governor, Corporate Services, wrote to the House to explain Emefiele’s absence last week, saying that he was part …

Abuja, Dec. 20, 2022 – Dr Doyin Okupe, the Director General of 2023 Presidential Campaign Council of Labour Party, was allowed home on Monday after payment of the prescribed fines. Okupe, a former Senior Special Assistant to ex-President Goodluck Jonathan, was on Monday jailed for two and half years by a Federal High Court in Abuja for receiving over N200 million cash from a former National Security Adviser, Col. Sambo Dasuki (retd). Justice Ijeoma Ojukwu, the Presiding Judge, had held that Okupe, who was the first defendant in the suit …

Abuja, Dec. 20, 2022 – The Independent National Electoral Commission (INEC) has expressed fears that continued attacks on its facilities can threaten the success of the 2023 elections. Prof. Mahmood Yakubu, the INEC Chairman, expressed the fears in Abuja on Monday at a two-day workshop on political violence and election security organised by the National Defence College in collaboration with African Global Empowerment and Development Network. He called for an end to the attacks on its facilities as well as the insecurity ravaging parts of the country if the commission …