BREAKING NEWS
Bank Of England Slashes Interest Rate To 4.5%
The Bank of England has changed its monetary policy in an effort to boost economic growth by lowering its base interest rate from 4.75 percent to 4.5 percent. The move, a quarter percentage point reduction, comes amid concerns over sluggish economic performance and inflationary pressures. PUNCH Online reports that this is detailed in a Thursday publication on the bank’s website titled,...
Driver Crashes Into Soldiers In Lagos, Four Dead, Several Injured
Following a suspected drunk driver's collision with the Myoung Barracks in the Morocco neighborhood of Shomolu in Lagos, four soldiers are believed dead and others were hurt. PUNCH Online gathered that the driver rammed into the soldiers during their monthly road jogging outside the barracks in the early hours of Friday. Speaking with our correspondent, an eyewitness named Priscilla, who lives...
Five Escape Unharmed As Cargo Aircraft Skids Off Abuja Airport Runaway
At the Nnamdi Azikiwe International Airport in Abuja, an Allied Air Cargo plane registered 5N-JRT skidded the runway 22 on Wednesday after a tire burst. As a result, the Federal Airport Authority of Nigeria has temporarily shut down the runway following the incident. The plane, arriving in Abuja, was involved in the incident upon landing while all passengers and crew members...
Court Denies Farotimi Bail, Postpones Case To December 20
The magistrate court in Ado-Ekiti has rejected the bail application of human rights activist Dele Farotimi. Farotimi was arraigned in court for allegedly defamation of the founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola. In his ruling, at the resumed sitting on Tuesday, the presiding magistrate, Abayomi Adeosun, adjourned the application of bail to December 20 after the counsel...
Edo Deputy Governor Disowns Obaseki’s Last-Minute Appointments
The Edo State Deputy Governor, Philip Shaibu, has publicly disassociated himself and his office from Governor Godwin Obaseki's recent inauguration of new Chairman and Members of the Edo State Civil Service Commission. Obaseki had on Monday inaugurated five new members of the state's Civil Service Commission, following their screening and confirmation by the Edo State House of Assembly. The members...
Edo: Shaibu warns Perm Secs, Heads of MDAs Against Looting Govt Properties
The Edo State Deputy Governor, Rt. Hon. Comrade Philip Shaibu, has warned Permanent Secretaries and Heads of Ministries, Departments, and Agencies (MDAs) to protect government properties from looting by outgoing political appointees. Shaibu gave the warning in a statement he personally signed, titled: 'Warning to Permanent Secretaries, Heads of Ministries, Departments and Agencies', issued on Friday and made available to...
Fuel Imports Cost $600Million Monthly – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, revealed that the country spends $600m monthly on fuel imports. He vehemently denied reports that the federal government secretly approached the Central Bank of Nigeria (CBN) for Ways and Means advances, insisting there was no such thing. During an interview on AIT, Edun attributed the humongous expenditure on petrol...
‘ We Did Not Ransack NLC Headquarters ‘ – DSS
The Department of State Services has denied carrying out a raid on the headquarters of the Nigeria Labour Congress in Abuja. Spokesman Peter Afunaya made this known in a one-paragraph statement on the DSS media Watsap handle. Afunaya, responding to journalists’ questions on the raid of the NLC, office in Abuja, stated: “Pls kindly note that the Service (DSS) did not...
Kebbi PDP Backs Out From August 31 LGs Election
The Peoples Democratic Party has pulled out from the August 31 Kebbi State local government council election. Chairman of the PDP in the state, Alhaji Bello Usman Suru, confirmed the position of the party at a press conference in Birnin Kebbi. He said: “You will recall that during the last PDP stakeholders meeting, we agreed to participate in the forthcoming Local Government...
Security Operatives Ransack NLC Headquarters, Carts Away Documents
Security personnels, on Thursday, storms the headquarters of the Nigeria Labour Congress, carted away documents after the raid, the union reports. NLC revealed that the Labour House (the name given to the headquarters) was invaded by security operatives at about 8.30 pm. A statement issued by NLC’s head of Media and Public Relations, Benson Upah disclosed that books and other publications were...
