Author: topnews

CBN extends swapping of old naira deadline till February 10

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In a statement released on Sunday, the Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The apex bank said it added “a 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes.” This is according to the CBN governor, Godwin Emefiele. He also noted that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023,…

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U.S. announces visa ban on Nigerians accused of undermining polls

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The United States of America, yesterday, announced visa restrictions on some Nigerians accused of undermining democracy, barely two weeks after the British government vowed to impose visa ban on Nigerian politicians involved in violence and rigging,. This was disclosed by the U.S. Secretary of State, Antony Blinken, who said the sanctioned individuals, whose names he did not reveal, would be ineligible for U.S. visas. The top-ranking diplomat also explained that some family members of those barred from the U.S. might also be subjected to the same restriction. “We are committed…

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Tinubu alleges sabotage with fuel crisis, naira redesign

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The presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, yesterday, in a jab directed at the government, alleged plot by some ‘powers-that-be’ to sabotage his chances at the polls through the fuel scarcity and naira redesign policy. In a speech reminiscing his famous Emilokan address at Abeokuta, Ogun State, days leading to the presidential primary of the All Progressives Congress (APC), Tinubu, again, returned to Abeokuta for his presidential campaign, where he dropped the bombshell that the fuel crisis and the scarcity of the newly redesigned…

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Over N50million Up for Grabs in the Upcoming Union Bank Save & Win Palli Promo Finale and UnionKorrect Draws

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Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion. The grand finale event, which is set to hold on January 27th, 2023, at the bank’s Head Office in Marina, Lagos, will reward over 300 lucky customers with cash prizes worth over 40 million naira and other exciting consolation prizes. In addition, one lucky customer will go home with the grand prize of 5 million naira from the Save and Win promo draw, while other customers will…

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Woman files new rape lawsuit against boxer, Mike Tyson

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A civil suit has been filled by a woman in New York state against Mike Tyson, accusing the former boxing champion of raping her in a limousine in the early 1990s, according to court filings. The woman, who asked the court to remain anonymous, filed her complaint in early January under a temporary New York state law allowing victims of sexual assault to seek civil damages regardless of the statute of limitations. Tyson spent three years in jail beginning in 1992 after being found guilty of raping model Desiree Washington,…

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Islamic teacher sentenced to life imprisonment for defiling eight pupils

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An Ikeja Sexual Offences and Domestic Violence Court on Tuesday sentenced one Adam Farouk, a cleric, has bagged eight times life in prison for molesting and sexually violating eight pupils. The cleric was convicted and sentenced for defiling the pupils aged between six and 11 in his class. Justice Abiola Soladoye held that the prosecution proved beyond reasonable doubt the ingredients of the eight-count charge bordering on sexual assault by penetration brought against the cleric. Soladoye described the cleric as morally deficient and an embarrassment to the Islamic faith, noting…

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Ten dead, many injured in latest US mass shooting

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Mass shooting in Monterey Park in the US state of California has left 10 persons dead. The United Nations Secretary-General Antonio Guterres has expressed shock and sadness over the incident, Stephane Dujarric, the chief spokesman for the UN chief said in a statement. Five women and five men were killed while another 10 people were injured in the mass shooting Saturday night in the city of Monterey Park, 16 kilometers east of Los Angeles downtown, local authorities said Sunday. Guterres “extends his heartfelt condolences to the families and loved ones…

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APC rally disrupted by power outage

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The All Progressives Congress presidential campaign rally in Bauchi State was brought to an abrupt end by power outage on Monday. The rally was going on at the Abubakar Tafawa Balewa Stadium, Bauchi, when the power supply ceased and the sound system went off and could not be restored. The event commenced at 11.50am. However, there was an outage when the Chairman of the Progressives Governors’ Forum, Atiku Bagudu, was making his speech at 12.20pm. Shortly after, the electricity supply was restored and Bagudu came back to conclude his remarks.…

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Subsidy removal: Marketers say petrol may cost N800 per litre

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Oil marketers have stated that the cost of the Premium of Motor Spirit popularly called petrol would cross N800 per litre once subsidy is removed. Operators within the industry had repeatedly stated that the high cost of subsidy on petrol was a burden on the Nigerian National Petroleum Company Limited and was contributory to the prolonged crisis in the downstream oil sector. NNPC is the sole importer of petrol into Nigeria. The Minister of Finance, Budget and National Planning, Zainab Ahmed, recently suggested that the government should gradually withdraw subsidy…

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Tinubu: Fiscal Policy Will Be The Main Driver Of Our Economic Reforms

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Presidential Candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu has stated that fiscal policy will be the main driver of his government if he is elected into office in the February 25, 2023 General Elections. Speaking during an engagement with the Nigerian Economic Summit Group (NESG) recently, the former Lagos State governor said that in the first 100 days in office, he would assemble a team of technocrats to run the government with him, adding that subsidy will be removed 100% on PMS and redirected into more…

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