Author: topnews

Baby factory uncovered in Nasarawa, victims rescued

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A suspected baby factory located at Ado Kasa in Karu Local Council has been uncovered by operatives of Nasarawa State Police Command. The operatives also rescued six young girls and a baby of about six months at St. Bridget Orphanage Home in Karu.    A spokesperson for the Command, Ramhan Namsel, said detectives attached to the Area Command, New Karu, acting based on a tip off, invaded the suspected baby factory.    The police said the suspects include: Mr. Eze Ezeogu Norbert, Mrs. Nnaemeka Eze, Mrs. Okechukwu Ogechi and Mrs.…

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CBN unveils new Naira notes

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The Central Bank of Nigeria (CBN), yesterday unveiled the new N200, N500 and N1000 notes. Nigerians had opportunity to see the new banknotes after they were unveiled by President Muhammadu Buhari during the Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.   The unveiling came three weeks ahead of December 15 earlier scheduled for its release, just as calls for extension of the deadline intensify.     Expressing delight that the redesigned currencies are printed by the Nigerian Security Printing and Minting (NSPM) locally, President Buhari said features of…

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Wike, The Drunken Governor Will Go To Jail -Ned Nwoko Media

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The attention of Ned Nwoko Media Directorate has been drawn to a cowardly video where the Rivers state governor, Nyesome Wike purportedly made wild insinuations against Hon. Prince Ned Nwoko. Characteristic of the garrulous governor, he carelessly dabbled again into the issue of the $418 Paris Club refunds, a legitimate entitlement of Prince Ned Nwoko, whose patriotic ingenuity, as a time- honoured lawyer, secured billions of dollars in favour of local and state governments including Wike’s administration as a beneficiary. Wike had in illogical imprudence, chastised Ned Nwoko for laying…

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World’s Best Banks 2022: Union Bank Receives High Ratings in Five Euromoney Market Leaders Rankings

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Union Bank of Nigeria is pleased to announce that it has received high ratings in five categories of the 2022 Euromoney market rankings. The Bank was recognised as ‘Highly Regarded’ in Corporate Banking, Corporate and Social Responsibility (CSR) and Environmental, Social and Governance and classified as ‘Notable’ in SME Banking and Digital Solutions. Euromoney Market Leaders is an independent global assessment of the leading financial service providers across key categories in each market. The ‘Market Leaders’ rankings take multiple sources of data including qualitative and quantitative to build a robust…

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Nigeria begins oil drilling in Gombe, Bauchi with 1b barrels oil, 500bscf gas

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President Muhammadu Buhari, yesterday, officially flagged off the anticipated drilling of crude oil at the Kolmani field, which is lapping on the border of Bauchi and Gombe states.   The first phase of the exploration will entail an in-situ oil refinery of up to 120,000 barrels per day capacity, a gas processing plant of about 500 million standard cubic feet per day, a power plant of up to 300-megawatt capacity and a fertiliser plant of 2,500 tons per day, according to the Nigerian National Petroleum Company (NNPC) Limited. President Buhari…

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Wema Bank increases benefits on its Royal Kiddies Account for Children

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Wema Bank, Nigeria’s Leading innovative financial institution, has rolled out a new benefit for parents and children on its bespoke children’s savings account, Royal Kiddies Account (RKA), in a new campaign to encourage savings and financial prudence. From November 1, 2022, through January 30, 2023, parents who set up a standing instruction via ALAT or in-branch for the automated funding of their children’s Royal Kiddies Account with a minimum of N10,000 per month, will be eligible for the annual educational award for 20 account holders. Also, by consistently increasing their…

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Petrol, electricity subsidies affecting poor Nigerians negatively– W’Bank

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In a statement on World Bank’s website announcing the launch of the new Nigeria Public Finance Review report, the bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. According to the bank, Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity and foreign exchange. It added that the subsidies were far more than what was spent on education, health and social protection in 2021. The statement read, “For years, a large share of Nigeria’s resources have financed inefficient and…

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Abducted LASPOTECH undergraduate regains freedom, narrates ordeal

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Marvelous Omobobola, an undergraduate of the Lagos State Polytechnic, who was abducted by a kidnap syndicate in the state, has been released after his family members paid N200,000 ransom. It was gathered that Omobobola went to school on Saturday to sign a SIWES form. After he was done, the undergraduate boarded a tricycle to his hostel in the Odogunyan area of Ikorodu, Lagos State. The 28-year-old said the tricycle operator was conveying him and other passengers to their destinations in Odogunyan when he suddenly veered onto a street to avoid…

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Cubana Chief Priest gives out N1m in celebration of David’s 30th birthday

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Cubana Chief Priest, a friend to the famous music sensation, Davido, is giving away one million naira to his followers in honour of his friend, Davido. As Davido turned 30 today, his employees, friends, and supporters sent him birthday wishes, including Isreal DMW, Obi Cabana, Eniola Badmus, Iyabo Ojo, and Cubana Chief Priest. “Happy Birthday bestie mi, on this 30th floor you shall know no sorrow, all you shall feel is peace, love, joy, and success,” the Cubana Chief Priest had earlier said in his birthday greeting. He added, “God…

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Ex-Akeredolu’s aide abducted by gunmen, N100 million ransom demanded

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Mr Richard Omosehin, a former Senior Special Assistant to the Ondo state governor, Rotimi Akeredolu, has been abducted by six gunmen at his Igbekebo residence, in Ese Odo Council area of the state. Meanwhile, the state police command, which confirmed the abduction, said it had begun search for the victims while investigation into the matter had commenced. A family source said that the former governor’s aide was kidnapped on Friday. According to him “Richard, a strong leader of the APC was kidnapped by six gunmen who came to the community…

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