Author: topnews

The certificate of recognition of Eze Anthony Owaibe as the Paramount Ruler of Rumuepirikom community in Obio-Akpor Local Government Area of Rivers State has been withdrawn by the State Governor, Nyesom Wike. The sack has reportedly caused panic in Rumuepirikom, the home country of Wike, as elders and youths biker over the decision. Wike in a letter by the Permanent Secretary of Ministry of Chieftaincy and Community Affairs, Sir Samuel Ibemeru, dated September 16, said that the withdrawal of Eze Owabie as Nye-Nwe Eli Rumuepirikom was with immediate effect. The…

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Lujedah’s Cheerfulee Ltd, an event and corporate promotions company is putting together a series of Fairs, Exhibitions and Trade shows tagged “The Showcase”. The exhibition, which is aimed at displaying the efforts of Nigerian Entrepreneurs as well as creating more exposure both in the immediate and future market for them, targets various fields including Agriculture, ICT, Fashion, Beauty and many others. According to the organisers, aspiring entrepreneurs and dreamers are not left out as this is an opportunity for them to meet with officials from key institutions of research in…

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South Korea’s Hyundai Motor unionized workers staged their first full strike on Monday for more than a decade after negotiations over a wage increase stalled. Nearly 50,000 workers at Hyundai Motor’s three plants across the country — including the main one in the southern city of Ulsan — walked off the job throughout Monday, said a spokesman for its labour union. The day-long stoppage is the first full strike at the company since 2004. The workers would also stage a six-hour partial strike from Tuesday to Friday, the union spokesman…

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An Air Force Girls Comprehensive School has been inaugurated in Abuja on Friday by the Nigerian Air Force (NAF), to improve girl child education in the country. The Minister of Education, Malam Adamu Adamu, inaugurated the school at the Air Force Base, Abuja. The minister was represented by the Permanent Secretary of the ministry, Dr Folashade Yemi-Esan. He commended the Chief of Air Staff and other personnel of the Service for the “remarkable project”. The minister said the present administration had resolved to make education accessible for the good of…

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Fraudsters’ den at Pokuku Village in the Abeokuta North Local Government Area of Ogun state has been uncovered by the State Police Command. The den, which was nicknamed “Pokuku Shrine” was until Wednesday allegedly used by suspected fraudsters to carry out different forms of criminal activities such as fraud, according to the police. The state Commissioner of Police, Ahmed Ilyasu, on Wednesday said the police raided the shrine after an intelligence report on criminal activities being perpetrated there. The shrine, which is a two-bedroomed mud house, is located in the…

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With a combined debt profile of $1.84bn, Lagos, Kaduna and Edo State are among other states listed as most indebted states of the federation. According to statistics from the Debt Management Office in Abuja on Wednesday, the 36 states of the federation and the Federal Capital Territory owe $3.65bn in foreign debts as against the $7.61bn owed by the Federal Government as of June 30, 2016; bringing the country’s total foreign debt to $11.26bn. Lagos, which is the nation’s commercial hub, retained its topmost position as the most indebted state…

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Former CBN Governor and presently the Emir of Kano, His Highness Muhammadu Sanusi, has thrown his weight behind the Central Bank of Nigeria, CBN, over a major policy disagreement with the Finance Minister, Kemi Adeosun, on interest rate. The Finance Minister had advised the apex bank’s Monetary Policy Committee, MPC, meeting held Monday and Tuesday, to reduce interest rate by lowering its Monetary Policy Rate, MPR, from the present 14 per cent, to encourage investment and reflate the economy. But the MPC, which is the highest policy making body of CBN,…

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Senate has begun debate on the present economic recession that the country is presently confronted with. In their contributions, Deputy Senate President Ike Ekweremadu and Senator Dino Melaye, All Progressives Congress, APC, Kogi West called on President Muhammadu Buhari to Rejig his cabinet by either sacking incompetent ministers or reshuffling some by changing them to other ministries where they could perform better. While Ekweremadu urged the President to move the Ministers of Finance, Kemi Adeosun and Budget and planning, Udoma Udo Udoma to other ministries where they could be more…

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