Author: topnews

2023: VP Osibajo officially joins presidential race

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Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo  has made his declaration to vie for the presidential ticket of the All Progressives Congress (APC). He made this announcement via his social media platforms on Monday morning. The vice president to President Muhammadu Buhari outlined his reasons for joining the race, which reads in parts: “For the past seven (7) years, I have served as Vice President under a true Nigerian patriot, President Muhammadu Buhari. “In these 7 years, while on the train of duty and service, I…

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Nigeria, others at high risk of debt distress -IMF

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According to a new report by the International Monetary Fund, Nigeria and 72 other countries are at high risk of debt distress or already in debt distress. The report, titled “Restructuring debt of poorer nations requires more efficient coordination,” noted that low-income countries face fewer debt challenges today than they did 25 years ago, thanks in particular to the Heavily Indebted Poor Countries initiative, which slashed unmanageable debt burdens across sub-Saharan Africa and other regions. The report noted that although debt ratios were lower than in the mid-1990s, the debts…

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Union Bank Launches Future-Forward Innovative Co-Creation Hub, SpaceNXT …reiterates commitment to innovation and technological advancement in Nigeria

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Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose designed co-working hub for innovators, creators and techpreneurs. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT was set up to provide an enabling environment where tech enthusiasts, visionaries and creators can converge for the propagation of new ideas. It is a launching pad for innovators to collaborate, develop and improve on ideas around digital…

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FIRE EXPERTS TALK ON HOW TO PREVENT TALL BUILDINGS DISASTER

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With the sight of more tall buildings in Nigeria and recent fire incidents the Chief Executive Officer of Surveillant Fire Limited, Mr. Adejola Jumade has asked government to pay attention to fire safety measures to forestall disasters Speaking during a 2-days Tall Building Fire Safety Conference in Lagos, Jumade said that globally there have been several cases of tall building casualties in recent time which raise a concern as regard how conscious and prepared the country is for such eventualities. He said that preparedness starts with design and enforcement of…

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MC Oluomo appointed Parks Management Committee chairman in Lagos

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Musiliu Akinsanya popularly called MC Oluomo, has been appointed by Lagos State Government as the chairman of its Parks Management Committee. MC Oluomo was the ex-chairman of the state’s chapter of National Union of Road Transport Workers. Also, a former Assistant Inspector General of Police, Hakeem Odumosu, was appointed as the Liaison Officer between the government and the committee. This was contained in a press statement by the Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, titled, “Lagos govt sets up Parks Management Committee”. An ex-Permanent Secretary, Dr. Taiwo…

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Three banks fined N800m over crypto transactions

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Three Deposit Money Banks in Nigeria have been fined N800m by the Central Bank of Nigeria for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted that the penalties were part of efforts by the apex bank to ensure that banks implement an order to block trading in cryptocurrencies due to the threat they pose to Nigeria’s financial system. The directive was contained in…

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Tinubu donates N50m to train attack victims

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Bola Tinubu, former governor of Lagos State, has visited Governor Nasir el-Rufai of Kaduna State to commiserate with him over the recent train attack by bandits, which claimed eight lives. Tinubu, who was received by El-Rufai along with Senators Uba Sani (Kaduna Central) and Suleiman Abdu-Kwari (Kaduna North) at Sir Kashim Ibrahim House, described the attack as a national disaster. The presidential aspirant, who was accompanied by former governor of Borno State, Sen. Kashim Shettima; former speaker of the House of Representatives, Yakubu Dogara and Sen. Abu Ibrahim (Katsina South),…

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NDLEA seizes 1,399kg of hard drugs in Kaduna

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The NDLEA has seized 1,399kg of hard drugs in Kaduna in March. A shop and four houses were sealed in the process. Commander of the NDLEA in the state, Mr Umar Adoro, gave the breakdown of drugs seized as 997.121kg of Indian hemp and 342.329kg of other psychotropic substances. Others were 0.027kg of cocaine, 0.036kg of heroin and 59.382kg of Tramadol. Adoro in Kaduna on Wednesday said that three of the houses sealed are located at Rigacikun area of the state. The fourth, he said, was sealed at Anguwan Maigero…

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Abuja Chief Imam sacked by mosque committee over anti-govt sermon

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The Chief Imam, who was accused of criticing the government of President Muhammadu Buhari in his sermon on Friday, Sheikh Nuru Khalid, has been sacked by the Management Committee of the National Assembly Legislators’ Quarters Mosque, Apo, Abuja. Khalid had earlier been suspended for the sermon but reacted that only God can give or take power from anyone. His reaction did not, however, go down well with the management committee which, yesterday, justified his sack, saying he was not remorseful for his criticism of the government. The mosque committee also…

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Suspected 100-year-old female cultist, two teenagers arrested in Kano

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A 100-year-old suspected female ritualist, Furera Abubakar, and two others, have been arrested for allegedly plucking out the right eye of a 12-year-old boy, Mustapha Yunusa. The other suspects are Isah Hassan (17) and Sani Abdulrahman (16). The Kano State Police Public Relations Officer, SP Abdullahi Haruna, in a statement on Thursday, said the Almajiri boy was lured into a corner where his assailants removed his left eyeball on the orders of the woman. The eyeball was to be used in preparing an “appear and disappear” charm. The statement read,…

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