NCC Unleashes a Fight Against Substandard Phone Vendors in Lagos

In an effort to shield customers from losses and other inconveniences, the Nigerian Communications Commission (NCC) has imposed sanctions on vendors of quasi and counterfeit equipment. The commission issued a warning to Nigerians against using and patronizing such devices when it was arresting leaders of three companies in Kano State. According to the agency, these devices are primarily responsible for the poor service experiences. The Nigerian Security and Civil Defense Corps (NSCDC) was put in charge of the offenders so that further investigation and necessary action could be taken. Here…

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Obi Talks About the 4Cs At the Annual General Meeting of The NIA

Speaking recently at the Annual General Meeting (AGM) of the Nigerian Institute of Architects (NIA) in Calabar, Cross River State, the Labour Party Presidential Candidate, Peter Obi, pointed out that a remarkable dedication from the people and their leaders is necessary for Nigeria to reach its coveted socio-economic and developmental height. He introduced what he called the 4Cs: Competence, capacity, credibility and commitment, as essential requirements to transform the country. Architecture: A Resource for Health and Wellbeing was the conference’s theme, and Obi said at the event, “We must aspire…

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ICT Sector Contributes to Nigeria’s GDP in Q3 of 2022 More it has Done in the Past 5 Years.

According to the 3rd Quarter report released by the National Bureau of Statistics (NBS), the Information and Communication Technology(ICT) have contributed an all-time high of 5% to the nation’s GDP in the last 5 quarters According to NBS, the non-oil sector expanded by 4.27 percent in the third quarter of 2022, with the growth being primarily fueled by the following industries: trade, transportation (road transport), finance and insurance (financial institutions), agriculture (crop production), and real estate, which together accounted for positive GDP growth. According to Ajibola Olude, executive secretary of…

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Revenue falls by N1.89tn, Nigerians face tougher times

Recession

Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and a major shortfall in government oil revenue this year, economic and energy experts have predicted tougher days ahead for the economy, states and Nigerians. The Minister of Finance, Zainad Ahmed, had on Thursday released the four-month fiscal report of the economy during a public consultation on the 2023-2025 Medium Term Expenditure Framework/FSP. “Crude oil production challenges and PMS subsidy deductions by NNPC constitute significant threat to the achievement of our…

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Court remands suspended Accountant-General in prison

AGF

A High Court sitting in the Federal Capital Territory has remanded the suspended Accountant-General of the Federation, Ahmed Idris, in prison custody over his alleged illegal diversion of public funds to the tune of N109.4 billion. He was arraigned on 14 counts bordering on conspiracy, criminal breach of trust, and money laundering. Trial Justice A.O. Adeyemi Ajayi who remanded the suspended AGF and other defendants in the matter, said they remain in the custody of the Nigerian Correctional Service till Wednesday when their bail applications would be heard. Idris was…

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APC gov ticket: Aggrieved aspirants seek direct primary, allege hijack

APC Primaries

Some All Progressives Congress governorship and state Houses of Assembly aspirants in Ogun, Rivers, Sokoto, Lagos and Osun states have called for the adoption of direct primary to elect the party’s candidates in the 2023 elections. The aspirants, in separate interviews with The PUNCH on Tuesday, alleged that governors and some ministers hijacked election of delegates, who would vote at Thursday’s governorship and Houses of Assembly primaries. They, therefore, called on the national leadership of the party to cancel the delegates’ elections and adopt a direct primary on Thursday. The PUNCH had…

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BREAKING: Ekweremadu withdraws from Enugu governorship race

2023 Election

Former Deputy President of the Senate, Ike Ekweremadu, has withdrawn from the Enugu State governorship race. Ekweremadu said he would not participate in today’s governorship primary election of the Peoples Democratic Party in Enugu State. This was contained in a statement made available to our correspondent on Wednesday morning by his campaign organisation. Ekweremadu, who is currently representing Enugu West Senatorial District at the Senate, was a foremost governorship aspirant in the state before announcing his withdrawal. But on Wednesday morning, in what appeared a new twist, the campaign organisation…

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Lagos airport shut temporarily, flights diverted over mangled corpse on runway

Lagos Airport

The international wing of the Murtala Muhammed International Airport, Lagos, was temporarily shut in the early hours of Thursday after the mangled body of a dead man was found on Runway 18R of the nation’s flagship airport. The identity of the corpse could not be ascertained as of press time. Also, it could not be established whether the dead man was knocked down by an aircraft taking off or landing on the runway. However, airport officials told our correspondent that the runway was temporarily shut down while a team of…

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JUST IN: Inflation rises to 16.82% in April

Inflation

The National Bureau of Statistics, NBS, said inflation rate rose to 16.82 percent in April  2022, representing a 0.90 percent rise when compared to 15.92  per cent recorded in March 2022. The bureau also said that the composite food index rose year-on-year (YoY) by  1.17 basis points  to 18.37  percent in April  2022 from 17.20  per cent in March 2022. In its Consumer Price Index (CPI) released today, the bureau said the rise in food index was due to increases in prices of bread and cereals, food products, potatoes, yam,…

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Electoral Act: Court shifts hearing on PDP’s suit against Buhari

APC Primaries

A Federal High Court in Abuja has fixed May 24 for a definite hearing on a suit instituted against the President, Major General Muhammadu Buhari (retd.) by the Peoples Democratic Party on the controversial sections 84 (11) and (12) of the Electoral Act 2022. Justice Inyang Ekwo fixed the new date on Monday to enable Buhari and the PDP to address him on the effect of the Court of Appeal judgment in Abuja which declared the contentious section 84 (12) as unconstitutional, null, and void. The Judge raised the issue…

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