Author: Opalim Lifted

In the early hours of Friday, it was reported that a Guaranty Trust Bank branch in the Federal Capital Territory’s Mararaba neighborhood was on fire. Before Abacha Road in Karu, the GTB branch is situated alongside the Nyanya and Mararaba Expressway. The FCT and Nasarawa State share a border with Mararaba. A Twitter user, @braunsyrup, had at 8:04 am on Friday, called the attention of the Federal Fire Service, and GTB to the fire incident. When contacted, the Head of Operations of the FCT Fire Service, Amiola Adebayo, confirmed the incident. He said, “Yes, there was a fire outbreak at…

According to three security sources, sixteen security personnel were murdered in an ambush on Wednesday in the north of Burkina Faso, which was hard-hit by the insurgency. The attack happened close to Koumestenga hamlet in Namentenga province in the Centre-North region, one of many places where jihadist activity is rampant. On Friday, two unnamed gendarmerie sources and one army source who both wanted to remain anonymous confirmed the attack and provided the fatality toll. According to them, nine volunteers for a self-defense squad and seven gendarmes were murdered. The army made no official statements regarding the assault. Burkina Faso is…

During the epidemic, the Zoom video conferencing platform and its professional team both experienced exponential growth. The number of employees on Zoom’s books increased by 275% to 8,422 people between July 2019 and October 2022. Businesses were forced to use Zoom to maintain operations and effectively communicate with their personnel as a result of the lockdown’s adverse economic and social effects. However, Zoom’s growth has since slowed off, much like that of other internet firms that benefited from the covid epidemic. The world has caught up and is no longer primarily dependent on Zoom. Tech companies such as Amazon, Google,…

On behalf of the Federal Government of Nigeria (FGN), the Debt Management Office (DMO) has listed four FGN bonds worth N360 billion for auction. The initial offer was a February 2028 FGN bond valued at N90 billion with an interest rate of 13.98% per year, according to the DMO’s announcement of the bond auction (10-year re-opening). The second is a N90 billion April 2032 FGN bond with an annual interest rate of 12.50 percent (10-year re-opening) Additionally, there is a N90 billion April 2037 FGN bond with a 16.24% annual interest rate (20-year re-opening). The fourth offer is an April…

The new naira policy of the Central Bank received support from the National Council of State on Friday in Abuja. In order to lessen the hardship caused by the policy, it encouraged the President, Major General Muhammadu Buhari (retired), and the Governor of the Central Bank, Godwin Emefiele, to either increase the production of new notes or recycle the old ones. As long as the Independent National Electoral Commission and the Nigeria Police are prepared, the general elections will take place as scheduled, according to the nation’s highest advisory body. The Minister of Justice and Attorney-General of the Federation, Abubakar…

To combat tax fraud, the Economic and Financial Crimes Commission (EFCC) has resolved to strengthen its partnership with the Chartered Institute of Taxation of Nigeria (CITN). Abdulrasheed Bawa, the chairman of the commission, was described by the EFCC Spokesperson, Wilson Uwujaren, in a statement as promising Abuja when Chief Adesina Adedayo, the president of the CITN, paid him a courtesy visit. Bawa encouraged CITN to form a technical committee to draft a Memorandum of Understanding (MoU), which would serve as the framework for the institutions’ cooperation. “We are willing to collaborate with you. Let’s establish a technical group to draft…

Mohammed Abacha was removed as the Peoples Democratic Party (PDP) governorship candidate in Kano by the Court of Appeal, which was in session on Friday. The High Court’s decision to recognize Abacha as the PDP’s nominee in the state was overturned by the court. The Independent National Electoral Commission (INEC), which had previously recognized Sadiq Wali, was also ordered by the court to continue to be the legitimate governorship candidate. APC reacts to ‘attack’ on Buhari in Kano Justice Usman Musale, who delivered the unanimous judgement with three-man panel, held that Abacha had no locus standi to challenge the primary…

Dr. Abiye Sekibo, the Director General (DG) of the Peoples Democratic Party (PDP) Presidential Campaign Council in Rivers State, narrowly escaped being shot on Thursday at midnight. Sekibo went to Rainbow Town in Port Harcourt to assess the location of a potential presidential rally for the party when it was learned that gunmen wearing police uniforms opened fire on his Land Cruiser armoured jeep. Confirming the incident at a news briefing Friday, Sekibo said his car was riddled with bullets and the venue of the proposed rally set on fire, while policemen watched the inferno. BREAKING: DSS arrests Obi’s ex-DG…

Nigerians, particularly bank customers, were baffled and unclear as to whether the Central Bank of Nigeria’s deadline of today for the phase-out of the old naira notes was still in effect or had been suspended as a result of the Supreme Court order won by several northern governors. The Supreme Court had ordered on Wednesday that the deadline should be postponed while the Kaduna, Kogi, and Zamfara State governors’ appeal of their case was being heard. The case will be heard on February 15 by the court. Abubakar Malami, SAN, the Attorney-General of the Federation and Minister of Justice, claimed,…

On Thursday, the Investors and Exporters window had the Naira at 461.10 to the dollar. The amount marked a 0.02 percent increase over the 461.17 it traded for on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. Dollar leap amid scarcity of new naira notes An exchange rate of N462 was the highest rate recorded within the day’s trading before it settled at N461.10. The naira sold for as low as 439.96 within the day’s trading. A total of 40.24 million dollars was traded at the official Investors and Exporters Window on Thursday.