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Oscar-winning actor, Kevin Spacey is to be charged with seven sexual offences against one man. The Crown Prosecution Service said the charges include three counts of indecent assault, three of sexual assault and one of causing a person to engage in sexual activity without consent. The offences are alleged to have taken place between 2001 and 2004. The CPS added that these new charges follow a review of evidence gathered […]
The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in October. According to the National Bureau of Statistics, this is 0.32 per cent higher than 20.77 per cent reported in September. According to the NBS, urban inflation rate had risen to 21.63 per cent while rural inflation was now 20.57 […]
The Senate has resolved to provide legislative support to the Central Bank of Nigeria, CBN, for the redesigning of the N1,000, N500 and N200 naira notes. The upper chamber made this resolution after a motion moved by Uba Sani on CBN’s policy to redesign the three naira notes. The Senate mandated its Committee on banking to embark on aggressive oversight to ensure that Nigerians are protected during this exercise.
Former American President, Donald Trump has declared his intention to run for presidency in 2024. Trump launched the bid his third for the presidency at his Mar-a-Lago estate in Florida, a week after elections. The election saw a dull performance from Trump-backed Republican candidates in key Senate races and competitive House elections. Trump running sets up a potential rematch against President Joe Biden, who says he intends to run for re-election […]
President Muhammadu Buhari has approved N134.7 billion for the payment of Security Debarment Allowance to all military veterans. Buhari disclosed this at the launch of the 2023 Armed Forces Remembrance Day Emblem and Appeal fund. He announced the donation of N10 million to the Nigerian Legion, on behalf of the Federal Government. The President pledged the Federal Government’s commitment to the welfare of veterans by ensuring prompt payment of their […]
Reports say Ekiti State House of Assembly has been shut over rumors of a planned invasion by some people. According to reports, police officers were at strategic locations in the complex to prevent a breakdown of law and order. However, the Speaker of the State House of Assembly, Gboyega Aribisogan, said there was no crisis in the assembly. Recall that Aribisogan was elected as the new speaker of the assembly […]
The Apex Igbo socio-cultural organization, Ohanaeze Ndigbo Youth Council has berated the Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa. A statement jointly signed by the National President and the National Secretary, Okwu Nnabuike and Obinna Achionye, said the EFCC under Bawa was at an all time low. The statement urged President Muhammadu Buhari and the National Assembly to take urgent steps aimed at saving the anti-corruption […]
Russia has dismissed claims that it was responsible for an attack in Poland that had two people killed after missiles landed near the Ukrainian border. Russia's defence ministry denied it was behind the blast in Poland saying it is a deliberate provocation aimed at escalation. Polish President Andrzej Duda in an interview said it remained unclear how the blast had occurred noting that investigators were evaluating all possibilities. Meanwhile, Ukraine's […]
The President, Institute of Chartered Accountants of Nigeria, Mallam Isa, has advised the Central Bank of Nigeria to find a lasting solution to the economic challenges occasioned by its recent monetary policy of the currency redesign. Isa spoke on ICAN’s position on the naira redesign at a programme commemorating the Accounting International Day 2022. He advised the CBN to consider the views of the various stakeholders and ensure that critical […]
