Author: News Room

The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira redesign policy of the Central Bank of Nigeria. Figures obtained from the CBN revealed that N2.3tn was mopped up from circulation during the period under review. According to the CBN, the currency in circulation moved from N3.16tn to N3.29tn and N1.38tn in November 2022, December 2022 and January 2023 respectively. The Governor of the CBN, Godwin Emefiele, had in October 2022, announced plans to redesign the…

Global rights body, Amnesty International, has condemned the rise in ethnocentric narratives inciting tribal hatred through social media, The PUNCH reports. The organisation also accused influential people such as journalists and political figures of sharing inciting posts on social media. This was contained in a statement by its spokesperson, Isa Sanusi, which was obtained by our correspondent on Sunday night. Sanusi said, “Amnesty International has noted a shocking and significant rise in recent social media posts inciting tribal hatred — using ethnic slurs that have gone unchecked. Influential people such as journalists and political figures were among those sharing the…

Ogun State governor, Dapo Abiodun, has thanked the people of the state over his victory at the poll. The governor said the renewal of his mandate for another term of four years shows that power belongs to God. Abiodun described his victory as heart-warming, and a “further proof that no man can play God or stop what God has ordained.” Abiodun, in a statement by his Chief Press Secretary, Kunle Somorin on Sunday, said though the election was keenly contested, his re-election came to him as a sign of good faith and a vote of confidence in his administration by…

Cleveland, a city in Ohio, USA, was long regarded as the sufferhead among American cities. Bearing on its big head the weight of an unfortunate nickname – The mistake on the lake – Cleveland shares a few similarities with Nigeria. How did Cleveland get its nickname? This is how. As recently as the late 1960s and 1970s, Cleveland was described as a city where ducks flew upside down because there was nothing worth dumping on. An unforgettable incident happened in June 1969 that made the appellation of a rundown city stick to Cleveland like a mask. Just as Nigeria has…

Tomorrow in our polarised nation, Nigerians will troop to the polls to elect persons who will become their ambassadors in governors’ mansions and state Houses-of-Assembly. On the official list of candidates in battleground Lagos, the Independent National Electoral Commission has sitting Governor Jide Sanwo-Olu on record representing the ruling All Progressives Congress. He is in the fight of his political life against Gbadebo Rhodes-Vivour; the suave MIT graduate, and candidate of the rival Labour Party whose recent performance in the process shocked the world in Lagos. Rhodes-Vivour is banking on riding on the plume of his party’s narrow victory over…

The National Drug Law Enforcement Agency has intercepted 2.7kg of cannabis concealed in dried onions which was to be exported to Dubai through a postal firm. It also said no fewer than 1, 205, 260 pills of opioids were seized in two interdiction operations in Kogi and Gombe states by operatives of the agency. The spokesperson for the anti-narcotic agency, Femi Babafemi, in a statement on Sunday also revealed that officers at the Murtala Muhammed International Airport, Ikeja Lagos, disrupted the activities of a drug syndicate that operated between Nigeria, East Africa and Europe. The agency arrested two members of…

The military in Borno State averted what could have been a major governorship and state assembly election day tragedy by foiling an attempted attack by the Islamic State’s West Africa Province on the Mafa Local Government Area collation centre in the state. Dependable reports said the terrorists attempted to infiltrate the army base serving as a collation centre for the March 18 elections. Troops, according to the sources, swiftly mobilised and confronted the terrorists, instantly killing 60 of them in a fierce duel. Military sources in Maiduguri said the terrorists stormed Mafa Town in gun trucks and motorcycles around 2am and…

A Peoples Democratic Party chieftain and agent in the governorship and House of Assembly elections in Ebonyi State, Oyibo Nwani, was on Saturday shot dead by thugs who stormed his polling unit in the Onicha Local Government Area. Onicha LGA is home of the PDP governorship candidate, Chief Ifeanyi Odii. It was gathered that the thugs allegedly came to snatch ballot boxes but youths made frantic efforts to resist them. In the ensuing melee, the PDP chieftain who held tightly to a ballot box was shot in the head. When contacted, Ebonyi Police Public Relations Officer, SP Onome Onovwakpoyeya, confirmed…

The Kano State Police Command, on Sunday, arrested Isyaku Ali Danja, among others, from Gezawa Constituency, over allegations of leading a team of hoodlums to destroy a collation centre of the Independent National Electoral Commission at Gezawa Local Government Area of Kano State. The Kano State Police Commissioner, Husaini Gummel, made the disclosure on Sunday, Read More Read the full article here

The Chief Executive Officer, Mykmary Fashion House, Micheal Onyemah, has said that a sound knowledge of the principles of business is needed to make entrepreneurs succeed. He made this disclosure at his Lagos office over the weekend. He said, “It takes more than just creativity and passion to succeed as a fashion entrepreneur. “It requires a solid understanding of business principles and strategies that can help drive sales and grow a successful fashion business.” Speaking to a group of journalists during a press conference, Onyemah noted that to sustain a fashion business over time, it was necessary to have a…