Abia Poly Loses Accreditation Over Unpaid Salaries

The National Board for Technical Education has withdrawn the accreditation of Abia State Polytechnic, Aba over non-payment of staff salaries and allowances for over 30 months. The Head, Media Department, NBTE, Hajiya Fatima Abubakar, said this in a statement issued in Kaduna on Tuesday. Abubakar said that the accreditation was withdrawn because the polytechnic had not shown any commitment to offset the arrears and ensure regular payment of salaries. READ ALSO: NCDC Issues High Alert On Marburg Virus Disease You Are Going To Win, Buhari Assures Tinubu, Shettima BREAKING: National…

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NCDC Issues High Alert On Marburg Virus Disease

As the World Health Organsiation, WHO confirmed an outbreak of Marburg Virus Disease, MVD, in neaighbouring country, Ghana, the Nigeria Centre for Disease Control and Prevention on Wednesday issued a high alert on the disease, stating that no case has been recorded in Nigeria. In its High alert following the second incidence of MVD in West Africa, the NCDC which explained that the zoonotic disease have been reported in two unrelated males – 26 and a 51 years old – who both died from the disease also noted that based…

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You Are Going To Win, Buhari Assures Tinubu, Shettima

. President To Shettima: I will Respond To You Whem I am Handing Over To You and your boss President Muhammadu Buhari struck a chord of humour on Wednesday at the State House while responding to a flowery speech by Senator Kashim Shettima, the Running Mate and Vice Presidential Candidate of the All Progressives Congress, saying, “I will respond to your speech when I am handing over to you and your boss. God willing, you are going to win.”  President Buhari, who received the VP Candidate shortly after he was…

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BREAKING: National Grid Suffers 6th Collapse In 7 Months

The collapse, which happned 37 days after the June 13 system failure, crashed the power supply to 40 MW Nigeria’s electricity grid has, on Wednesday, collapsed again, causing a blackout in states across the country. Platforms Africa reports that the system failure, which is the sixth in the last 7 months, dipped the entire power supply nationwide to 40 mega watts. READ ALSO EXCLUSIVE: MDs Fired as Nigeria Takes Over Benin, Kano, Kaduna DisCos Nigeria In Darkness As National Grid Collapses 3rd Time in 24 Days You’ll Enjoy Improved Power…

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Twitter, Musk Get October Date For $44b Deal Trial

Social media platform, Twitter’s lawsuit to hold Elon Musk to his $44 billion takeover of the microblogging site will go to trial in October after a Delaware judge said yesterday that the social media company deserved a quick resolution of the deal’s uncertainty. The ruling is a blow to Musk, who pushed for a trial in February, which his lawyer told the court would allow for an extensive investigation into the true number of spam accounts on the platform. Twitter had requested a September trial. Chancellor Kathaleen McCormick of the…

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NAICOM Cannot Unilaterally Increase Firms’ Paid Up Share Capital – Court

The National Insurance Commission (NAICOM) cannot increase the statutory minimum solvency capital policy for Insurance companies without the National Assembly amending the Insurance Act and Regulation 2003. That’s the order of Justice Chukwujeku Aneke of the Federal High Court sitting in Lagos. He made the order in a judgment delivered on July 14, 2022, in a suit between a legal practitioner, Tope Alabi, who is the plaintiff, and the NAICOM and the Attorney-General of the Federation (AGF) who were listed as first and second defendants. The suit followed NAICOM’s announcement…

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Why We Raised Nigeria’s Interest Rate To 14% – CBN

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN Governor Godwin Emefiele announced this on Tuesday during the 286th meeting of the Monetary Policy Committee held in Lagos. He said it was the right option considering economic realities. “The committee resolved that the most rational policy option would be to further strengthen its tightening stance in order to effectively curtail the unabated rising trend of inflation,” Emefiele said. READ ALSO: NNPC To Construct 950 Retail Outlets In 5 Months…

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NNPC To Construct 950 Retail Outlets In 5 Months – Kyari

How PIA long wait cost Nigeria $50bn worth of investments – Sylva The Chief Executive Officer of Nigerian National Petroleum Company (NNPC), Mele Kyari, has disclosed plans to construction 950 more fuel retail outlets as part of the company’s comprehensive expansion plan before 2023. Kyari announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country. Speaking during the unveiling of the company on Tuesday, he assured stakeholders and the global energy community that the new company was endowed with the best…

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Nigerian Billionaire Extradited To US Over $3.5m Fraud

The Economic and Financial Crimes Commission (EFCC) has extradited a businesswoman, Fatade Olamilekan, who is on the wanted list of the Federal Bureau of Investigation, FBI, to the United States for allegedly stealing $3.5 million. The suspect was said to have stolen the sum worth of equipment in various cities across the US before his arrest. As disclosed on their social media handle on Tuesday, the anti-graft agency stated that his extradition was coordinated following a notice from the Federal Bureau of Investigation, FBI New York, through the US Legal…

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I won’t Endorse Tinubu, Atiku, Obi, Others For President – Adeboye

RCCG Adeboye backs CAN. PFN as APC unveils Shettima The General Overseer of Redeemed Christian Church of God, Pastor Enoch Adeboye, on Tuesday declared that he will not endorse any presidential candidate even as he denied meeting with the candidate of the All Progressives Congress, Asiwaju Bola Tinubu. The church in a statement on Tuesday said Adeboye was under the authorities of the Christian Association of Nigeria and the Pentecostal Fellowship of Nigeria, adding that he would not speak “on behalf of Christians on issues regarding policies”. This is even…

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