News Update

Two Binance executives — an American and a British- Pakistani — have been detained on the orders of National Security Adviser, NSA Nuhu Ribadu over alleged involvement in foreign exchange manipulations. It was learnt last night that the Federal Government obtained a Court Warrant to detain the men for 12 days, pending further investigation by the Economic and Financial Crimes Commission, EFCC

An Executive Order to “significantly reduce the cost of drugs and pharmaceutical products” in the country will soon be signed by President Bola Ahmed Tinubu. Health and Social Welfare Minister, Muhammed Pate stated these on Wednesday during the second edition of the Ministerial Press Briefing Series in Abuja.

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 Mobile Network Operators (MNOs) apologised yesterday to their subscribers for the service hitches they have experienced for some days. The MNOs, under the aegis of the Association of Licensed Telecoms Operators of Nigeria, ALTON, blamed the service disruptions on “severe fibre cuts” by contractors.

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 The Federal Government has allayed the fear of job loss with the implementation of the Oronsaye Report. Speaking at the fourth edition of the Ministerial Press Briefing Series in Abuja on Wednesday, Minister of Information and National Orientation, Mohammed Idris, said the implementation of the report would not lead to retrenchment.

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 The Nigerian Communications Commission, NCC, has ruled out an extension of the February 28, 2024, deadline for the linkage of Subscriber Identity Module cards to National Identification Numbers. As a result, telecommunication companies have been directed to bar 12 million lines which have not been linked to the owners’ NINs after the expiration of the deadline.

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President Bola Tinubu, on Wednesday, appealed for patience from Nigerians over the current economic hardship in the country, giving the assurance that there was light at the end of the tunnel. The President said he was fully aware and took responsibility for the difficulties Nigerians had been subjected to on account of government policies.

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 The Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since the withdrawal of subsidy on the commodity.

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 The military Joint Task Force, North-West Operation Hadarin Daji, said on Wednesday that it neutralised scores of bandits and rescued eight kidnapped victims in Zamfara State. The Information Officer of Operation Hadarin Daji, Lt. Col. Suleiman Omale, stated this in a statement on Wednesday in Gusau.

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The war against illegal oil bunkering and oil theft received a huge boost on Wednesday as troops of the 6 Division, Nigerian Army, Port Harcourt, uncovered over 40 dugout crude oil wells in Rumuekpe community, Emohua Local Government Area of Rivers State. The troops uncovered the site during a sweep-and-clear operation on the Trans Niger Delta Pipeline.

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 Operatives of the Edo State Police Command have arrested five suspected cultists, Emeka Eke, Chizoba Okolie, Samson Ochonobor, Friday Agbebayo and Julius Eguasa, for engaging in a street fight in Edo State. It was gathered that the suspects, alleged to be members of the Eiye Confraternity, engaged in street fighting at the Ramat Park area over failure to pay monthly dues and attend meetings of Eiye confraternity.

from dailypost