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Omobolanle Raheem, shot lawyer, buried in Lagos
Lagos, Jan 17, 2023 – Mrs Omobolanle Raheem, the Lagos lawyer, who was shot to death dead in Lagos on Christmas Day allegedly by an Assistant Superintendent of Police (ASP), Mr. Drambi Vandi, was buried today in Lagos The remains of Raheem were interned after a funeral service at the Olive Tree Parish of the Redeemed Christian Church of God, Banana Island, Lagos. “Once again, we’ve lost a member, a very, very active member of our branch. A colleague and we only pray that her soul finds rest and that …
2023 Elections: INEC Chairman briefs Chatham House
Lagos, Jan. 17, 2023 – Prof. Mahmood Yakubu, the INEC Chairman, paid an official visit to Chatham House in London today where he assured the officials of the readiness of INEC to conduct credible, free and fair elections in February. He was received by Chatham House officials led by Dr Alex Vines, OBE. Yakubu said that INEC was not contemplating any cancellation nor postponement of the elections. He assured the officials that all the registered voters among the estimated two million internally displaced Nigerians would be allowed to vote in …
15% of low-income countries already in debt crisis -IMF
Lagos, Jan. 17, 2023 – The International Monetary Fund (IMF) says about 15 per cent of low-income countries are already in debt distress. In a new report titled ‘Confronting Fragmentation Where It Matters Most: Trade, Debt, and Climate Action’, the IMF said an additional 45 per cent of the population was further at high risk of debt distress. It stated that debt would be a challenge that many countries would face and that fragmentation would make it harder to resolve sovereign debt crises, especially if key official creditors were divided along …
Emefiele resumes duty after annual leave
Abuja, Jan. 17, 2023 – The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has resumed duty after his annual vacation abroad. A statement signed by the CBN Director of Corporate Communications, Osita Nwanisobi, said Emefiele, who proceeded on leave in December 2022, resumed work on Monday, January 16, 2023. “The Governor resumed with renewed vigour to perform his duty ahead of the first Monetary Policy Committee (MPC) meeting of the year scheduled for January 23 to 24, 2023. “Mr. Emefiele remains committed to performing the task before him …
Global economic recession imminent in 2023
Davos, Jan. 17, 2023 – The World Economic Forum (WEF) has predicted that many countries will suffer economic recession in 2023. Their forecast was made at the ongoing World Economic Forum (WEF) in Davos-Klosters, Switzerland. The forecast shows that almost two-thirds of the forum’s chief economists believed in inevitability of recession. They predicted that the cost-of-living crisis may be approaching its peak with a majority (68 per cent) expecting it to have become less severe by the end of the year. WEF Managing Director, Saadia Zahidi, said: “Some 18 per …
NDE disburses N85m loan to 494 trainees
Abuja, Jan. 17, 2023 – The National Directorate of Employment (NDE) says it has disbursed N85 million in loans to 494 beneficiaries under its Environmental Beautification Training Scheme (EBTS). Its Director-General, Abubakar Fikpo, said this on Monday, adding that the loan disbursement was being done under the Special Public Works Programme. He said the facility, comprising basic work tools and cash components, would be disbursed to the graduate trainees from the country’s six geo-political zones. Fikpo said the directorate, in November 2022, concluded three months of EBTS skills training for …
Inflation rate drops by 0.13%
Abuja, Jan. 17, 2023 – Nigeria’s inflation rate stood at 21.37 per cent in December 2022 from the 21.47 per cent recorded in November, a drop of about 0.13 per cent . The December 2022 Consumer Price Index (CPI) issued by National Bureau of Statistics (NBS) reported this on Monday. “In December 2022, the headline inflation rate eased to 21.34 per cent compared to November 2022 headline inflation rate which was 21.47 per cent. “Looking at the trend, December 2022 inflation rate showed a decline of 0.13 per cent when …
Garnishee Order: Polaris Bank defends its stance
Lagos, Jan. 15, 2023 – Polaris Bank said it had applied to set aside a garnishee order nisi which directed the Central Bank of Nigeria (CBN) to freeze its account following a disputed N2.162 billion judgment debt. An Ondo High Court granted the garnishee order nisi following an application filed by Ondo Attorney General and Commissioner for Justice, Sir Gharles Titiloye, on indebtedness of Polaris Bank to Ondo State Government in a judgment in Suit No.AK/75/2017. Polaris Bank said that the garnishee order ought not to have been made as …
Tinubu congratulates Bisi Akande on 80th birthday
Abuja, Jan. 15, 2023 – Bola Tinubu, the Presidential Candidate of All Progressives Congress (APC), on Sunday commended Chief Bisi Akande, a former Interim National Chairman of the party, for his courage and extraordinary leadership on his 84th birthday. In a statement by his Media Aide, Tunde Rahman, in Abuja on Sunday, Tinubu thanked Akande for his contributions to Nigeria and dedication and commitment to progressive politics and good governance. He commended the unblemished public service record of Akande from the start of the second republic when he was a …
President Buhari departs for Mauritania
Abuja, Jan. 15, 2023 – President Muhammadu Buhari will depart Abuja for Nouakchott, the capital of Islamic Republic of Mauritania, on Monday for official engagements that will last till Wednesday. According to a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, Buhari will receive the African Award for strengthening peace in Nouakchott which will be presented to him by the Abu Dhabi Peace Forum. “President Muhammadu Buhari will, on Tuesday, January 18, 2023, receive ‘African Award for Strengthening Peace’ in Nouakchott, Islamic Republic of Mauritania, for …