Author: Opalim Lifted

The Naira strengthened against the dollar on Tuesday, trading for N464.50 in the investors’ and exporters’ window, up from N464.51 at the close of business on May 26. On Tuesday, the open indicative rate was N464.10 to the dollar. EFCC arraigns businesswoman, Ramallan-Yaro, four firms for multi-billion naira fraud The highest rate recorded during Tuesday’s trade was N467 to the dollar, before it finished at N464.50. Within the first day of trade, the # went for as little as 460 to the $. On Tuesday, a total of 120.36 million dollars were transacted in the official Investors and Exporters window.

Olumide Oyewole, a 28-year-old man, has been arrested by men of the police force for robbing and raping a lady at her Lekki apartment in Lagos. The suspect, clad in a mask, allegedly forced his way into the victim’s residence and tied her legs before raping her. After raping the victim, the suspect made off with her belongings, which included an iPhone 12 Pro, a Samsung S9 Plus, a little Nokia phone, two bottles of perfume, two wristwatches, one necklace, one iPhone charger, and $10,000 (approximately N4 million). Confirming the arrest, the Lagos State Police Public Relations Officer, Benjamin Hundeyin,…

Famous Nigerian artist and socio-political activist Charles Oputa, also known as Charly Boy, has raised alarm about President Bola Tinubu’s decision to eliminate fuel subsidies, claiming that the newly elected president has broken a record. Remember that the president stated during his inaugural address on Monday that the subsidy would no longer be maintained. Stakeholders have continued to express varied feelings about the development. While some congratulated the president for taking the risk, others believe the policy is arriving at the wrong time. Charly Boy noted that Tinubu’s contentious remark about the subsidies had caused petrol prices to rise in…

The Federal Government is scheduled to meet with the Nigeria Labour Congress (NLC) today to discuss the proposed elimination of fuel subsidy. Joe Ajaero, the National President of the NLC, made the announcement during an interview with a Channels television on Wednesday morning. Details later…

The Nigeria Security and Civil Defence Corps (NSCDC) has advised petroleum product merchants not to make residents’ lives unpleasant by stockpiling and raising pump prices. Mr. Muhammad Muazu, Commandant of the Corps in Zamfara, gave the warning in a statement published by the command’s Public Relations Officer, Mr. Ikor Oche, and made accessible to newsmen in Gusau on Wednesday. According to him, the Corps has been dismayed by the unjustified artificial shortage of petroleum goods caused by marketers in reaction to President Bola Tinubu’s announcement that subsidies on the items will be removed. Two teenage girls drown in Jigawa –…

The National Industrial Court affirmed the Federal Government’s no work, no pay policy in a challenge brought against the Academic Staff Union of Universities (ASUU). According to the court, the federal government’s no work, no pay policy imposed on ASUU strikes last year was fully legitimate. In a decision made by the Court’s President, Justice Benedict Kanyip, the court ruled that the Federal Government has the power to withhold wages from workers who engage in industrial action. The court, however, held that it is a violation of university autonomy for the federal government to impose the Integrated Payroll and Personnel…

The Nigerian Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have told President Bola Tinubu not to dare Nigerians with the removal of subsidies. In a separate statement, the two labour unions advised President Tinubu not to dare the Nigerian people, saying any attempt to further inflict hardship on Nigerians would be met with resistance. In a statement signed by its president, Comrade Joe Ajero, the NLC stated that it is “outraged” by the removal of the fuel subsidy. The statement reads, “We at the Nigeria Labour Congress are outraged by the pronouncement of President Bola Tinubu…

Dr. Rahman Adedoyin, owner of the Hilton Hotel in Ile-Ife, has been sentenced to die by hanging by Osun State Chief Judge, Justice Oyebola Ojo for murder. California man bags 25 years for Kristin Smart’s murder Previously, Justice Ojo ruled that Adedoyin, the owner of the Hilton Hotel in Ile-Ife, where Timothy Adegoke, an OAU postgraduate student, was reportedly killed, was guilty of manslaughter. According to Justice Ojo’s ruling, the owner of the hotel and two of his employees are found liable for conspiracy to commit manslaughter and unlawful killing of the dead based on the circumstances of the case…

The Osun State Government has threatened to close down filling stations in the state over the hoarding of petrol by marketers in reaction to the subsidy removal announced by President Bola Tinubu yesterday. The state government described the hoarding of gasoline by marketers as inhuman and a deliberate act of wickedness to bring untold hardship to the inhabitants of the state. Hoodlums attack firefighters as fire engulfs filling station in Abuja Olawale Rasheed, the governor’s spokeswoman, said in a statement that the state government will not condone marketers’ actions, calling them unpatriotic. The statement reads thus: “The attention of the…

The Department of State Security Service (DSS) has refuted reports making the rounds that its officials closed the office of the Economic and Financial Crimes Commission (EFCC) over ownership of the premises. Reports on Tuesday morning stated that the armed men of the DSS stormed and barricaded the Ikoyi premises of Economic and Financial Crimes Commission, preventing its officials from going into the office. Reacting to the report in a statement, the Public Relations Officer, Department of State Services, Peter Afunanya, faulted the report, stating that DSS was only occupying its “facility where it is carrying out its official and…