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Kashim Shettima Launch, Light up Nigeria Program

.....Says Nigeria’ll work if South East works  VICE President Kassim Shettima has launched the light up Nigeria Program in Enugu. The Vice President, said that Nigeria will fully work when the south east performs optimally in industrialization with adequate power supply. He equated the region with the Jews, whom he said are “practically mobile, economically enterprising and educationally ambitious.” The Vice President disclosed that he rejected a proposal that suggested to cut off the south east from electricity supply due to a debt profile, noting that President Bola Tinubu means well for the nation, noting that  the south east and the Governors of the zone are the bests among others. The Vice President made the remarks during the launch of South East Business Roundtable “Light up Nigeria Program”, conducted by the Niger Delta Power Holding Company Limited, NDPHC, in Enugu, on Monday. Governor Peter Mbah of Enugu State said that the ‘Light-Up Nigeria Project’ signals a new

Court adjourns Nnamdi Kanu’s case for trial

The Federal High Court in Abuja on Monday adjourned the trial of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), until 19 March. The judge fixed a new date for the Nigerian government to begin calling its prosecution witnesses against the IPOB leader, Mr Kanu. Binta Nyako, the judge, before whom Mr Kanu is being tried by the Nigerian government for terrorism, fixed the date for commencement of trial. At the adjourned date, the prosecuting lawyer, Adegboyega Awomolo, promised to call at least two witnesses that day. Mr Awomolo’s appearance on Monday is an indication of the federal government’s drastic shake-up of its prosecution team. It’s the first time an external prosecutor will be leading the federal government’s team since the case started in 2015. The Supreme Court last December restored Mr Kanu’s trial after setting aside the judgement of the Court of Appeal freeing the IPOB leader. Mr Kanu is standing trial for terrorism before Binta Nyako of the Feder

Nigeria took right decisions in economic reforms — Afreximbank chief, Oramah

The President and Chairman of the Board of Directors of the African Export-Import Bank, Afreximbank, Benedict Oramah, said the Nigerian government has made the right decisions in economic reform. Oramah stated this in an interview on Arise Television on Monday. He said the best thing to do now is to stay the course, as Nigeria cannot afford to pull out of this process, adding that it will just “postpone the evil day.” Oramah said that the decision that the federal government had taken to free the market as related to foreign exchange was the right thing to do, but the impact was more severe due to the fact that subsidy was removed at the same time. The Afreximbank president noted that with the state of the economy, it was important to stabilise the economy and pursue growth policies, but both should not be done at the same time, as the pursuit of growth policies will further destabilise the economy. Oramah said, “Freeing the market is the right thing to do. And the reason w

Dangote, Elumelu make economic advisory committee

.... As Tinubu Sets Up Fresh Panel President Bola Tinubu has created an economic advisory committee comprising the federal government, sub-nationals and the private sector. This resulted from talks between the President and key stakeholders at the State House, Abuja, on Sunday evening. The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis. Some of the prominent members of the private sector that made the list include Aliko Dangote, chairman of the Dangote group; Tony Elumelu, group chairman of Transnational Corporation Plc (Transcorp); Abdulsamad Rabiu, founder of the BUA group; Segun Ajayi-Kadir, president of the Manufacturers Association of Nigeria (MAN), in attendance. Others are governors Dapo Abiodun of Ogun state and Chuwkuma Soludo of Anambra.

Breaking: DHQ dismisses coup rumour

…Says Guards Brigade’s task is to protect Seat of Power The Defence headquarters on Monday debunked allegations in an online media organization claiming that the Presidential Guards Brigade has been put on high alert following suspicious movements around the seat of power, indicating fears of coup plot. A statement by the Acting Director of Defence Information, Brigadier Gen Tukur Gusau said, “The attention of the Defence Headquarters has been drawn to a malicious and unfounded article published online (Not Nigerian Notch) on 25 February 2024 claiming that the Guards Brigade has been put on high alert following unusual movements, leading to suspicion of a coup plot in Nigeria.  “The publication also asserted amongst other things that the suspicion prompted emergency meeting involving President Bola Tinubu, the Chief of Staff to the President and Commander of the Guards Brigade. “The Defence Headquarters wishes to categorically state that the allegation is totally false. “Fo

CBN Limits Purchase Of Dollars In Cash To $500

The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that the foreign currency (FX) exceeding this amount will be made through a transfer to their Naira bank account. If the customer purchasing the foreign currency is a non-resident, regardless of whether they are Nigerian or not, a Bureau De Change (BDC) will issue them a prepaid Nigerian Naira (NGN) card instead of transferring money to a bank account. The card will serve as a means for non-resident customers to receive their funds. There are specific limits on the amount of credit and the total amount that can be loaded onto the prepaid NGN card. These limits are set in accordance with relevant Know Your Customer (KYC) requirements, which are measures designed to verify the identity and suitability of customers. The CBN stated these in the revised regulatory and supervisory guidelines for bureau de change operations in Nigeria, released on Friday. “The idea is to s

Breaking: Tinubu meets Dangote, Rabiu, Elumelu, other members of private sector

President Bola Tinubu is currently in a crucial meeting with selected members of the organised private sector at the presidential Villa. Those present at the meeting included Chairman of the Dangote Group, Alhaji Aliko Dangote, founder and chairman of BUA Group, Alhaji Abdul Samad Rabiu, CEO of Oando, Wale Tinubu and the Chairperson of the United Bank for Africa, Tony Elumelu. Details later…

Economic Hardship: 65 CSO's Pull out of NLC,TUC planned strike

…urge Labour Unions to dialogue with FG Ahead of the planned nationwide strike by Nigeria Labour Congress, (NLC)and the Trade Union Congress, (TUC) ,65 Civil Society Organisations have pulled out, saying the strike might stir up anarchy and cause more hardship on citizens. The Civil Society Organisations under the aegis of Coalition of Civil Society Organisations Forum also warned against going the way Sudan went, and called for dialogue with the Federal Government. “Any attempt to embark on a nationwide strike during these critical period of hunger and harsh economy could be hijacked by hoodlums and criminal elements, who have been waiting for the slightest opportunity to unleash terror; disrupt public peace, loot business premises and markets,” the CSOs said. On February 16, the NLC had announced a nationwide protest scheduled for February 27 and 28, over the failure to implement the agreements reached on October 2, following the removal of the fuel subsidy. This decision

EEDC SUCCESSFULLY MIGRATES TO ITS NEW VENDING SYSTEM

…SAYS CUSTOMERS CAN UPGRADE THEIR METERS The Enugu Electricity Distribution Company PLC (EEDC) has announced the cut over to its new vending system, SuperEdge, following a successful rollover on Saturday, in readiness for the STS prepaid meter upgrade. Customers of EEDC who were unable to recharge their meters during the rollover period because of the vending platform which was shut down, can now conveniently purchase tokens and upgrade their meters. This development was contained in a statement issued on Sunday by the Head of Corporate Communications, EEDC, Mr. Emeka Ezeh. Ezeh said that with the completion of the rollover, the very first token purchase by customers will come with the Key Change Tokens (KCTs) needed to upgrade the meters. These are three sets of 20-digit tokens which the customers are expected to punch into their meters. According to him, the first 20 digits will be punched into the meter after which the customer should press the “enter” button; the same s

Recruitment: Shortlisted Candidates receive invitations for CBT – PSC

The Police Service Commission on Saturday said that 171, 956 successful applicants from the screening stage of the ongoing Police recruitment exercise are currently receiving messages inviting them to the next stage of the exercise which is the Computer Based Tests. The screening is scheduled for Tuesday and Wednesday March 5th and 6th 2024 across the 36 states of the Federation and the Federal Capital Territory. A statement by Ikechukwu Ani, spokesman said the Commission has also promised to ensure that the exercise is merit based throughout the stages of the recruitment. “Applicants are also advised to  visit  the recruitment portal; apply.policerecruitment.gov to confirm their status after the screening exercise and if successful also confirm the specific time and date for their Computer based test. “Applicants for the tests are expected  to come with their CBT slip to be generated when they visit the recruitment portal where the list of successful candidates have been p