Monday, May 27, 2024


Good day! below are Summary of News stories across Nigeria and Abroad: 

1. The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023. The three states filed the suit against the Federal Government seeking a restraining order to stop the full implementation of the naira redesign policy of the Central Bank of Nigeria. In a new development, nine states have filed to join the suit initially filed by Kogi, Kaduna and Zamfara states. The states are Katsina, Lagos, Cross River, Ogun, Ekiti, Ondo and Sokoto states bringing the new total of plaintiffs to ten. PUNCH

2. The Independent National Electoral Commission, INEC said cash for the mobilisation of ad-hoc staff is yet to be made available to the Commission, with just ten days to the February 25 presidential and National Assembly elections. The INEC National Chairman Professor Mahmood Yakubu made this known during the commission’s consultative meeting with political parties in Abuja. VANGUARD

3. Super Falcons defender Ashleigh Plumptre has said the team is battle ready for their opponents at the four-nation invitational tournament in Morocco. The former African champions will be joined at the competition tagged ”Revelation Cup” by hosts Mexico, Colombia and Costa Rica. Randy Waldrum’s side will take on Mexico in their first game in Leon on Wednesday night (today). DAILY POST

4. The funeral arrangements for South African rapper Kiernan ‘AKA’ Forbes have been released by his family. The South African rapper was shot dead in a drive-by shooting on Florida Road on Friday night. On AKA’s Instagram account on Tuesday, the family released a press statement of his memorial and funeral details. AKA will be laid to rest in a private provincial funeral on Saturday, February 18 and his memorial service will take place on Friday, February 17 at the Sandton Convention Centre at 3pm. PUNCH

5. Nigeria’s headline inflation rose to 21.82 per cent in January 2023, after dropping to 21.34 per December 2022. The drop and rise inflation in the two months came on the back of the Central Bank of Nigeria naira redesign policy which it said, among others, would reduce inflation. The National Bureau of Statistics in a report on Wednesday stated that the rise was due to disruption in the supply of food products, increases in import cost due to the naira’s depreciation and a general increase in the cost of production as the cause of the rise in inflation. DAILY TRUST

6. The Nigeria Basketball Federation (NBBF) has promised to resuscitate the women’s basketball league sponsored by Zenith Bank PLC after the forthcoming 2023 general elections. The women’s basketball league, which hitherto had been suspended for the last two years, had left the players uncertain about the future of the league. NBBF vice president, Babatunde Ogunade, has however cleared uncertainty surrounding the resumption of the league, saying the federation has put everything in place to ensure the revival of the women’s basketball league. LEADERSHIP

7. The Economic and Financial Crimes Commission, on Tuesday, arrested a 38-year-old indigene of Kano, one Salman Umar Hudu, for falsely representing himself as the Executive Chairman of the EFCC, Abdulrasheed Bawa, and other officers of the commission. Hudu was traced to and arrested at a hotel in Abuja.The suspect is said to have also obtained N100,000 from a person he convinced that he can ‘handle’ any matter with the EFCC. PUNCH

8. Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a “rollercoaster” since he took full ownership last year. “I’m guessing probably towards the end of this year should be good timing to find someone else to run the company,” he told the World Government Summit conference in Dubai via video. Musk paid $44 billion for his favourite social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially car company Tesla, which has seen its share price plummet since he took over Twitter. VANGUARD

9. A Federal High Court in Lagos State on Wednesday admitted a Nollywood actress, Oluwadarasimi Omoseyin, charged with alleged tampering and spraying of the redesigned Naira notes to N5 million bail. The Economic and Financial Crimes Commission (EFCC) preferred two counts charge against Omoseyin, who was arraigned on Monday, before Justice Chukwujekwu Aneke. The charge bothered on spraying and stepping on the newly designed naira notes. DAILY POST

10. The African Union Commission announced Tuesday that it will be sending a 90-strong observer mission to Nigeria for this month’s elections. Africa’s most populous country goes to the polls on February 25, but has been plunged into crisis in the runup to the vote with dire shortages of cash and fuel. The African Union Election Observation Mission (AUEOM) is being headed by former Kenyan president Uhuru Kenyatta, who helped broker a deal to end two years of war in northern Ethiopia and is mediating in the conflict in eastern Democratic Republic of Congo. CHANNELS




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