September 27, 2022

[GIST] 35-year-old importer in court over $11,000 fraud

[GIST] 35-year-old importer in court over $11,000 fraud

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

A 35-year-old importer, Chukwudi Ajaegbu, has been arraigned before the Ogba Magistrate’s Court for allegedly obtaining $11,000 fraudulently from one Austine Ukaoha in the Ikeja area of Lagos State. Ajaegbu, who was charged with three counts, was arraigned before Magistrate F.M. Onamusi. The defendant, with others at large, were said to have conspired to commit


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[GIST] Volleyball: Offa, Customs win Premier League

[GIST] Volleyball: Offa, Customs win Premier League

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Offa Volleyball Club (male) and the Nigeria Customs Service (female) have emerged the champions of the 2022 Nigeria Volleyball Premier League competition. In the men’s final match at the indoor hall of the Ondo State Sports Complex, Akure, Offa defeated Nigeria Correctional Service 3-2 (25-16, 23-25, 25-17, 17-25, 15-11), while in the women’s category,  Customs


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[GIST] I don’t know my gang kidnap people – Kingpin

[GIST] I don’t know my gang kidnap people – Kingpin

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Bayelsa State Police Command on Monday paraded a suspected kidnap kingpin, John Ewa, alias John Lion, at the Police Officers Mess, Yenagoa. The command also paraded no fewer than 10 other suspects, who were arrested for crimes bordering on alleged cultism, murder, armed robbery, unlawful possession of firearms and pipeline vandalism. Ewa, 30, was


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[GIST] Groups demand sanctions as power collapses seventh time

[GIST] Groups demand sanctions as power collapses seventh time

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

…sudden drop in frequency caused collapse – TCN Nigeria suffered another nationwide power outage on Monday morning after the national electricity grid collapsed for the seventh time in 2022. Following the development, power consumer groups called for sanctions against operators or firms culpable of the incessant grid collapse that had characterised Nigeria’s electricity system since


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[GIST] Mobile transactions hit N11.10tn in eight months –Report

[GIST] Mobile transactions hit N11.10tn in eight months –Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The value of mobile transactions rose to N11.10tn in the first eight months of 2022, figures from Nigeria Inter-Bank Settlement System has revealed. The NIBSS stated on its website total mobile transaction value was N4.29tn in the corresponding period of 2021. Mobile payment experienced a surge in 2020 due to COVID-19, while the decline in


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[GIST] State police: further delay is dangerous, inexcusable

[GIST] State police: further delay is dangerous, inexcusable

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

WITH the fire of terrorism and banditry literarily enveloping them, the Northern Nigerian elite have finally unanimously bowed to reality by backing the long-running clamour for state policing. Rising from a joint meeting, the Northern Governors Forum and the Northern Traditional Rulers Council reviewed the state of security in the region and unequivocally resolved to


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September 26, 2022

[GIST] Ekpoudom vows to retrieve senatorial ticket from Akpabio

[GIST] Ekpoudom vows to retrieve senatorial ticket from Akpabio

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

A former deputy Inspector General of Police and senatorial aspirant for the Akwa Ibom North West (Ikot Ekpene) district, Udom Ekpoudom, has said he will appeal the two judgments which declared Senator Godswill Akpabio the All Progressives Congress candidate for the senatorial seat. The PUNCH reports that the former DIG had earlier been declared the


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[GIST] Hardship may fuel protests in Nigeria, others –Report

[GIST] Hardship may fuel protests in Nigeria, others –Report

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Social unrest in Nigeria and other African countries over challenging socio-economic conditions is likely to intensify in the year ahead, a new report has said. The report, documented by a consultancy group – ControlRisks for Oxford Economics Africa – is titled, “Africa Risk Reward Index 2022.” It said incumbent governments and political elites should be


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[GIST] Rate hikes shrinking real estate investments –IMF

[GIST] Rate hikes shrinking real estate investments –IMF

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Tighter financial conditions, such as interest rate hikes have affected commercial property prices by making it more expensive for investors to finance new deals or refinance existing loans, a new report by the International Monetary Fund stated. The report, titled, “Commercial Real Estate Sector Faces Risks as Financial Conditions Tighten,” said this trend was lowering


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[GIST] Ooni inaugurates retail outlet, targets local products promotion

[GIST] Ooni inaugurates retail outlet, targets local products promotion

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

To create jobs and boost farming in order to globalise made-in-Nigeria products, the Ooni of Ife, Oba Adeyeye Ogunwusi, has inaugurated OjajaMore retail outlet located along the Ibadan-Ile-Ife road. The mall, constructed with 100 percent local materials, is expected to be a hub for 70 per cent made-in-Nigeria goods which will increase the demand for


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