Metro Archives - Page 95 of 211

Feb

25

2024

Abia government suspends another traditional ruler over alleged misconduct.

Abia State, Metro, News, PoliticsAbia State, Metro, Politics

The Abia State government has suspended Eze Edward Ebere Eule, the traditional ruler of Azumini Ndoki in Ukwa East LGA, on account of suspected inappropriate conduct. He has been instructed to promptly provide an account of N8 million in community power payments that were purportedly put in a bank account. As a result of recommendations made by the Board of Inquiry, which the Abia State government established to look into claims of malfeasance by certain traditional rulers in the state, the royal father was placed under 30-day suspension. The government announced that the ruler will stay suspended from office unless…

Feb

24

2024

By Amos Oge Kalu

Bandits kill one of seven victims for failed payment of N290 million ransome.

Lifestyle, Metro, NewsBandits, Boko Haram, Crime, Insecurity, Metro, Security

One of the seven people kidnapped from the Kuduru community in Bwari Area Council, Federal Capital Territory (FCT), on December 28, 2023, has been slain by bandits. In addition, the bandits who kidnapped seven people—among them a pregnant woman—threatened to murder the other hostages if the N290 million ransom is not paid. According to a community source, the bandits called on Friday to inform people about the killing of Olayinka Ogunyemi, a civil engineer, who was held captive since the captives' families were unable to provide the N290 million that was requested. According to the source, they made threats to…

Feb

24

2024

By Amos Oge Kalu

Naira vs. USD: CBN will outlaw street trading and consider new BDC regulations

Business, Economy, Metro, NewsBusiness, Economy, Metro, Money, Nigeria

The Central Bank of Nigeria has announced new rules to Bureau De Change Operators in Nigeria, including the possibility of ending street trading, in response to the ongoing volatility of the Naira against the US dollar in the foreign exchange market. This was revealed on Friday by the top bank in its proposed Revised Regulatory and Supervisory Guidelines for Nigeria's Bureau De Change Operations. For Tier 1 and Tier 2 BDC licences, CBN intends to set the minimum capital share amounts at N2 billion and N500,000 million, respectively. This is a departure from the general license's former capital share of…

Feb

23

2024

By David Okoye

FG Directs Sealed Medicine Stores in Kano to Relocate for Proper Monitoring

Health, Metro, NewsHealth, Kano State, Metro

The federal government has instructed the owners of 1,321 medicine stores sealed in Kano to relocate to the Coordinated Wholesale Centre (CWC) in the Dangwauro area. This move aims to enhance monitoring and safeguard public health. Minister of Health, Muhammad Ali Pate, issued the directive following an inspection of the CWC on Zaria Road, emphasizing the importance of ensuring quality distribution and combating counterfeit drugs. The National Agency for Food and Drug Administration and Control (NAFDAC) and the Pharmacists Council of Nigeria (PCN) sealed the stores on February 18 for illegal operations in Kano. Pate underscored the government's commitment to…

Feb

23

2024

By David Okoye

Sen. Ned Nwoko’s Call for Dollar Ban Conflicts with His Wife, Regina Daniels’ Luxurious Displays.

NewsMetro

Senator Ned Nwoko, representing Delta North, proposed a ban on the use of dollars in Nigeria during a recent National Assembly plenary. He believes that excessive reliance on foreign exchange is harming the nation's economy, with the dollar's value soaring to nearly N2000, driving up costs. Nwoko emphasized the need to prioritize the naira's stability in the global market. However, Nwoko's suggestion contradicts the lavish displays of dollars by his sixth wife, actress Regina Daniels, on social media. Daniels frequently showcases luxury items purchased in dollars from Nigerian vendors, raising questions about Nwoko's proposal. In October 2023, Daniels flaunted her…