Food crisis: OPS warns of shutdown as hoodlums loot more trucks

Food crisis: OPS warns of shutdown as hoodlums loot more trucks

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country. Members of the OPS, gave the warning on Monday in separate interviews with The PUNCH just as miscreants attacked trucks conveying building materials and spaghetti in Ogun and Kaduna states. Also on Monday, the Federal […]

March 5, 2024 10

NEWS

Tribunal adjourns Sylva’s petition against Diri indefinitely over bias claim

The All Progressives Congress, along with its candidate in the Bayelsa State governorship poll, Timipre Sylva, has accused the election petition tribunal in Abuja of bias. The APC and Sylva demanded the outright disbandment of the tribunal headed by Justice Adekunle Adeleye and the reconstitution of another panel. The APC and its candidate, Sylva, are challenging the re-election of Governor Duoye Diri, and his deputy, Lawrence Ewhrujakpo, in the November […]

March 5, 2024 7

BUSINESS

Sachet alcoholic drinks spike mental illness, enforce ban, psychiatrists tell Reps

Mental health experts have urged the House of Representatives to maintain the ban on sachet and small bottled alcoholic drinks, stressing that studies show that high intake is linked to mental health problems, particularly among young people. The psychiatrists stressed that the availability of sachets and small bottled alcoholic drinks has a more negative impact on mental health and said the ban is in the best interest of the Nigerians. […]

March 5, 2024 11

NEWS

Buhari sold Nigeria’s future, says Plateau gov

The Governor of Plateau State, Caleb Mutfwang, on Monday, lamented the economic hardship being faced by Nigerians and blamed the situation on the last administration led by ex-President Muhammadu Buhari. Speaking during the swearing-in of 22 Special Advisers and heads of government agencies at the Government House in Jos, Mutfwang said Buhari left the country’s economy in terrible shape for his successor, President Bola Tinubu. Mutfwang said, “We are at […]

March 5, 2024 13

BUSINESS

Harsh economic policies worsening unemployment, OPS tells govt

Members of the organised private sector have stated that harsh economic policies from the government have exacerbated country’s unemployment rate. In separate chat with The PUNCH, they warned that if the poor economic policies are not quickly addressed, more businesses would fold up and it would worsen the country’s unemployment. The President of the Nigeria Employers’ Consultative Association, Adewale-Smatt Oyerinde, warned that the repercussions of inadequate economic policies and a hostile […]

February 28, 2024 38

BUSINESS

CBN resumes forex sale to BDC operators after three years

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after the former CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. […]

February 28, 2024 77

BUSINESS

NNPCL plans to end fuel shortage in 10 years

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit held in Abuja. In a statement by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, assured stakeholders of the company’s commitment to work […]

February 28, 2024 44

SPORTS

Voodoo new to me – Waldrum

In the aftermath of the drama that ensued between Nigeria and Cameroon during the penultimate qualifying fixture for the 2024 Olympic games, Super Falcons coach, Randy Waldrum, says voodoo is strange to him. There was drama at the start of the second half inside the Moshood Abiola National Stadium in Abuja on Monday after a Cameroonian player allegedly attempted to plant ‘voodoo’ inside the Falcons goal post. Falcons’ goalkeeper, Chiamaka Nnadozie, […]

February 28, 2024 47

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

February 28, 2024 65

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