Author: Opalim Lifted

Truck drivers on Tuesday threatened to embark on a strike over the incessant attacks they face while transporting food items across the nation. Chronicle NG reports that numerous trucks and warehouses have been targeted by hoodlums. Yusuf Othman, the National President of the Nigerian Association of Road Transport Owners, who spoke with reporters on Tuesday, warned that the truck drivers may consider ceasing their services. “We are affected negatively by these attacks and right now we are strategizing. It might interest you to know that the insurance we get does not cover riots or such fracas,” he said. “So, we…

The International Monetary Fund (IMF) has supported the decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the benchmark borrowing rates by 400 basis points to 22.75 percent from 18.75 percent. The MPC said at its February meeting that the hike in the MPR was “centred on the current inflationary and exchange rate pressures, projected inflation, and rising inflation expectations.” “Members were concerned about the persistent rise in the level of inflation and emphasised the committee’s commitment to reverse the trend as the balance of risk leaned towards rising inflation. “The committee, however, acknowledged the…

Harry Kane scored two to help Bayern Munich overturn a first-leg deficit against Lazio and advance to the quarter-finals of the Champions League. Trailing 1-0 from the first leg in Rome, Bayern looked set for a frustrating night until Kane’s header levelled the scores on aggregate. Long-serving Thomas Muller doubled the lead on the night with another header. Kane made it 3-1 on aggregate from close range after Leroy Sane’s shot was parried into his path. It was an impressive turnaround by Bayern, and Kane is hoping the result can help change Bayern’s fortunes after a bitterly disappointing domestic campaign.…

Kylian Mbappe capped a fine display with two goals as Paris St-Germain comfortably moved into the quarter-finals of the Champions League at the expense of Real Sociedad. With the trip to San Sebastian billed as a potentially tricky second leg for PSG to negotiate, all eyes were on Mbappe, who has agreed to join Real Madrid this summer. And the France forward turned in a superb performance to register his 27th and 28th goals of the campaign for Luis Enrique’s side. The 25-year-old gave the hosts an early warning by accelerating past Hamari Traore to set up a chance for…

The Bank of Ghana has suspended two Nigerian-owned banks, First Bank of Nigeria and Guaranty Trust Bank, from foreign exchange (FX) trading over fraudulent documentation during operations. The prohibition of the two Nigerian banks forex trading licences, which is for one month, will begin on March 18, 2024. The statement read, “Bank of Ghana has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024, for a period of one (1) month, in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723),” the statement…

Meta Platforms-owned Facebook and Instagram were down for hundreds of thousands of users across the globe on Tuesday. The outage tracking website, Downdetector, disclosed this disruption. The disruptions started around 10:00 a.m. ET, with more than 300,000 reports of outages for Facebook and about 40,000 reports for Instagram, according to the website. “We’re aware people are having trouble accessing our services. We are working on this now,” Meta spokesperson Andy Stone said in a post on X social media. Meta’s status dashboard showed the application programming interface for WhatsApp Business was also facing issues. Malicious Facebook Post: Erisco Foods fingers…

Former President Olusegun Obasanjo has urged President Bola Tinubu’s government to approach Zimbabwe for possible solutions to Nigeria’s economic downturn. Speaking at a youth leadership symposium held at the Olusegun Obasanjo Presidential Library, Abeokuta, on his 87th birthday, Obasanjo compared Nigeria’s soaring inflation and economic downturn to Zimbabwe’s, saying Nigeria has lessons to learn from the Southern African country. “We have this problem of galloping inflation in the country now, but do we have a country with such problems recently? Yes, we do. Zimbabwe had this problem recently,” Obasanjo explained. “Shouldn’t we ask them how they did it even if…

The Nigeria Police Force has banned the use of point-of-sale, POS machines, and other electronic mobile money transaction devices from all stations and other police facilities nationwide. The Force spokesman, Olumuyiwa Adejobi, said in a statement on Monday that the decision came as a result of public outcry over alleged illegal and illicit transactions through POS within police formations. The statement noted that the ban was aimed at preserving the integrity and security of police operations and preventing perceived corrupt practices. The Force PRO also said the purpose of the ban was to clear the Commands/Formations of possible criminal intrusion…

Rampant Arsenal made history with a 6-0 win away to shambolic Sheffield United as Mikel Arteta’s side moved back to within two points of the Premier League summit. Having seen title rivals Liverpool edge past Nottingham Forest and Manchester City defeat Manchester United, Mikel Arteta’s men knew they had to respond at the Championship-bound Blades. Arsenal did so in style and could easily have struck more than the five first-half goals they managed at Bramall Lane, where the Monday evening mauling was completed by a Ben White thunderbolt. This was the Gunners’ seventh straight Premier League win and saw them…

Nollywood actress Kate Henshaw has confirmed the death of her mother and called for prayers as she mourns. The actress lost her mother recently. Confirming her mother’s demise via her X handle on Monday, Henshaw said she passed on March 1, 2024. She urged fans to keep her family in their prayers during “this difficult time.” She wrote: “Dear friends and fans, “It is with a heavy heart that I announce the passing of my dear mother on March 1st, 2024. “Your prayers mean the world to me during this difficult time. “Please keep my family in your thoughts. “Rest…