News - Page 2 of 23415 - NewsNow Nigeria

29Apr

By Mariam AbdullahiNo Comments

News

N2.669 trillion Treasury Bills Sold by Nigeria’s Debt Management Office in March

In March 2024, Nigeria’s Debt Management Office (DMO) conducted auctions and sold treasury bills totaling N2.669 trillion. This information was recently revealed in the Markets Monthly Report for March by FMDQ. The N2.669 trillion figure reflects a 3.07% increase (N79.54 billion) compared to the value of treasury bills sold in February 2024, which stood at N2.589 trillion. Additionally, in March 2024, the DMO auctioned Federal Government of Nigeria (FGN) bonds amounting to N608.86 billion, which includes N133.20 billion from non-competitive bids. These bonds comprised a new three-year issuance along with the reopening of seven-year and 10-year FGN bonds. The report highlighted that the total sale of bonds had a 35.30% oversubscription rate compared to the offer and saw a 59.27% dec...

Warning to Tinubu: Consider Second Term to Avoid Betraying El-Rufai and Yahaya Bello – Former Atiku Aide

29Apr

By Mariam AbdullahiNo Comments

News

Warning to Tinubu: Consider Second Term to Avoid Betraying El-Rufai and Yahaya Bello – Former Atiku Aide

President Bola Tinubu has been cautioned by Atiku Abubakar's former spokesperson, Segun Sowunmi, against betraying the ex-governors of Kaduna State, Nasir El-Rufai, and Yahaya Bello of Kogi State if he intends to contest for a second term. Sowunmi pointed out that El-Rufai and Bello supported Tinubu diligently during the 2023 presidential election but have not been given positions of power, which appears to be a form of betrayal. In a statement released by the PDP chieftain, he highlighted that despite their efforts in helping Tinubu ascend to the presidency, El-Rufai and Bello have faced political challenges after leaving office. He emphasized that the treatment accorded to El-Rufai and Bello by Tinubu's administration goes against the historical understanding between the Yorubas and...

Enraged Gov Mbah vows to take action following Nimbo attack

29Apr

By Mariam AbdullahiNo Comments

News

Enraged Gov Mbah vows to take action following Nimbo attack

The recent attack in Nimbo resulting in the death of four natives has been deemed unacceptable by Enugu State Governor, Dr Peter Mbah. He expressed determination to bring the attackers to justice, stating that the government would not tolerate such incidents any longer. Following the tragic incident on Sunday night which claimed four lives and left many others injured, Mbah emphasized the need for improved security in Nimbo and across the entire Uzo Uwani LGA, promising collaboration with community and security stakeholders. During a visit to Nimbo on Monday, Governor Mbah, accompanied by various security officials, assured the community of decisive action. He emphasized the government's commitment to ensuring the safety of its citizens and vowed to track down and prosecute the culprit...

1,146 Bank Accounts Frozen as Court Grants EFCC’s Request

29Apr

By Mariam AbdullahiNo Comments

News

1,146 Bank Accounts Frozen as Court Grants EFCC’s Request

An interim order to freeze approximately 1,146 bank accounts allegedly involved in unauthorized foreign exchange transactions has been approved by the Federal High Court in Abuja at the request of the Economic and Financial Crime Commission. The accounts, linked to individuals and companies, will be frozen for 90 days to facilitate the federal government's ongoing investigations into potential money laundering and terrorism financing activities. Justice Emeka Nwite granted the request, stating, "The application is hereby approved, and the identified accounts shall be frozen for a period of 90 days, as part of the investigation involving unauthorized foreign exchange transactions, money laundering, and terrorism financing." The court issued the order on April 24 following an ex parte ap...

29Apr

By Ofomata EdidiongNo Comments

Sports

Premier League Clubs Embrace Salary Cap Agreement

A recent development in the Premier League saw clubs coming together to approve a proposal aimed at placing restrictions on spending related to transfers, wages, and agent fees, as reported by the UK Times. Under this proposal, top clubs will have their spending limited to a predetermined amount, equivalent to what the bottom-ranked side receives in TV revenue. The vote, which took place on Monday, resulted in unanimous approval, meeting the required majority of 14 votes. During the Premier League shareholders' meeting, the proposal garnered support from 16 out of the 20 teams participating. Interestingly, Manchester City, Manchester United, and Aston Villa expressed dissent by voting against the proposal, while Chelsea chose to abstain. The objective behind this move is to foster a mor...

Suspected bandits kill driver, kidnap two on Abuja-Kaduna Highway

29Apr

By Ofomata EdidiongNo Comments

Metro

Suspected bandits kill driver, kidnap two on Abuja-Kaduna Highway

Suspected Criminals Attack, Resulting in Driver's Death and Two Abductions on Abuja-Kaduna Highway A tragic incident unfolded on the Abuja-Kaduna highway where suspected criminals killed a driver identified as Danladi Jobe and abducted two others. Yahuza Alhassan, a resident of Katari, reported that the attack occurred around 9:33 pm at Dogon-Fili, near Jere town. According to eyewitnesses, the deceased was on his way back from a nearby village market when the bandits suddenly appeared from the bushes and opened fire on the vehicle, resulting in the driver's immediate death. One of the victims, a farmer named Shuaibu, was taken into the bush by the assailants. "Following the driver's killing, the criminals then targeted the farmer, taking away N980,000 in cash fr...

Thomas Tuchel Ready for Tough Challenge as Bayern Munich Face Real Madrid in UCL

29Apr

By Ofomata EdidiongNo Comments

Sports

Thomas Tuchel Ready for Tough Challenge as Bayern Munich Face Real Madrid in UCL

Set for the Champions League semi-finals showdown, Bayern Munich manager Thomas Tuchel expressed confidence in his team's readiness for the upcoming battle against Real Madrid. The Allianz Arena will witness the first leg of this highly-anticipated clash. Prior to the match, Tuchel emphasized the determination of his players to confront the 14-time champions head-on and stated their preparedness to embrace the challenge ahead. In his words, "Taking on Carlo is always a unique experience. We aim to make it tough for his squad. The presence of our fans is crucial. It's an evenly matched contest. We are ready for the challenge." Tuchel further commented, "When facing Real Madrid, you not only face the team but also the aura and legacy that accompany them." He continued, "Our sole ...

Arrest of Suspected Human Trafficker in Lagos by Troops

29Apr

By Ofomata EdidiongNo Comments

Metro

Arrest of Suspected Human Trafficker in Lagos by Troops

Following valuable intelligence, Mrs Olushola Areke was successfully apprehended by the 65 Battalion of the Nigerian Army, which operates under 81 Division, on suspicions of human trafficking in Lagos. Lt.-Col. Olabisi Ayeni, the spokesperson for 81 Division, confirmed the arrest in a statement released on Monday. The accused, Mrs. Areke, allegedly kidnapped Miss Fayoke Kunle, the 22-year-old daughter of Mrs. Ainor Kunle. According to Ayeni, Mrs. Kunle had entrusted her daughter to the suspect, believing that she would secure employment for the young girl in Oshodi, Lagos. Instead of fulfilling her promise, the suspect moved Miss Kunle to Kano, where the victim discovered her situation and overheard plans of being taken to Libya. "Miss Kunle managed to bravely escape from her captor and...

Protesters at APC Secretariat Accuse External Forces of Anti-Tinubu Plot

29Apr

By Obi UgochuwkuNo Comments

Politics

Protesters at APC Secretariat Accuse External Forces of Anti-Tinubu Plot

On Monday, members of the ruling All Progressives Congress, APC, made their way to the party's Secretariat in Abuja to express their discontent with certain individuals whom they claim are scheming to disrupt the party. Former Commissioner of Lands and Urban Development, Nasarawa State, Prof Salihu Ahmad Alizaga, who led the protesters, alleged that external forces were manipulating the recent suspension of the party's National Chairman, Abdullahi Umar Ganduje. In his address at the party secretariat, Alizaga stated that those behind Ganduje's removal are also aiming to displace President Bola Ahmed Tinubu in 2027. He emphasized, “Our message here is clear - APC stands united, free from discord as some in Kano State wrongly suggest. The media has been buzzing with news of suspensions a...

29Apr

By Mariam AbdullahiNo Comments

News

Court puts a halt to the increase in prices of DSTV and GOTV subscription

In a recent development, the Competition and Consumer Protection Tribunal (CCPT) in Abuja has issued an order to restrain Multichoice Nigeria Limited, the owners of Dstv and GOtv, from raising their tariffs and costs of products and services, which were set to commence on May 1st. The interim order was granted by a three-member tribunal chaired by Saratu Shafii, in response to an ex-parte motion presented by Ejiro Awaritoma, who is the counsel for the applicant, Festus Onifade. The tribunal's ruling effectively prevents Multi-Choice from implementing the planned price increase slated to start from May 1st. This restriction will remain in place until the hearing and resolution of the motion that has been submitted. Saratu Shafii declared, "The 1st defendant is hereby restrained from...