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News - Daily Trust

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Haruna Abdullahi a 75-year-old man from Gumel in Jigawa State has been found dead at the gate the popular Kure Ultra Modern Market Minna Niger State. The circumstance that led to his death could not be ascertained but traders told Daily Trust that his body was discovered lifeless on Friday.…

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The Governor of Katsina State Malam Dikko Umaru Radda has approved the appointment of his Deputy Faruk Lawal as the Head of the Delegation (the Amiru – al Hajj). A Press Statement issued by the Director Press Office of the Secretary to the state Government Abdullahi Aliyu Yaradua disclosed that…

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The Nigerian government is facing a debt of N4 trillion in the electricity sector and is considering implementing a new subsidy model to address the issue. The proposed model would involve paying subsidies directly to electricity distribution companies (DisCos) instead of the current practice of paying to the power generation companies (GenCos). This move is aimed at reducing the financial burden on the DisCos and ensuring that they are able to provide reliable electricity to consumers. The government is also planning to review the current tariff structure and address issues such as metering and collection efficiency. These measures are expected to improve the overall performance of the electricity sector in Nigeria.

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The Central Bank of Nigeria (CBN) has warned banks and financial technology companies (fintechs) to comply with sanctions imposed by the United Nations and other international bodies. The CBN stated that failure to comply with these sanctions could result in severe consequences including the revocation of operating licenses. The warning comes amidst increasing concerns over the use of financial systems for money laundering and terrorist financing activities. The CBN emphasized the importance of strict compliance with these regulations to maintain the integrity of the financial system and prevent illicit activities. It also urged banks and fintechs to continuously monitor and report any suspicious transactions.

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The National Automotive Design and Development Council (NADDC) has called on motorcycle assemblers in Nigeria to invest in local content. This move aims to reduce the countrys dependence on imported motorcycles and boost the local economy. NADDC Director-General Jelani Aliyu emphasized the need for assemblers to focus on using locally sourced materials and parts in their production process. This would not only create job opportunities but also contribute to the growth of the countrys manufacturing sector. The council also plans to introduce a certification program to ensure that assemblers comply with the requirement of using at least 40% local content in their production.

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The Nigerian Export Promotion Council (NEPC) has donated equipment to artisans in Kano state in an effort to boost their productivity and promote export. The equipment which includes sewing machines welding machines and hairdryers were distributed to over 100 beneficiaries from various artisan associations. The Director of NEPC in Kano Mr. Hassan Bello stated that the donation is part of the councils mandate to support and develop the non-oil sector in Nigeria. He also encouraged the beneficiaries to utilize the equipment to improve their skills and contribute to the growth of the economy. The donation is expected to benefit both the artisans and the countrys export industry.

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The Yobe state government in Nigeria has procured 2000 metric tonnes of assorted grains to add to its strategic reserve. This move is aimed at ensuring food security and stability in the state especially during times of crisis and emergencies. The grains which include maize millet and sorghum were purchased from local farmers at a subsidized rate. The state government plans to distribute the grains to vulnerable households and use them as relief materials during disasters. This procurement is part of the governments efforts to boost agriculture and support local farmers while also preparing for potential food shortages in the future.

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Nigerias debt has reached a staggering amount of N144.67 trillion which is a cause of concern for many. According to the Lagos Chamber of Commerce and Industry (LCCI) this increase is due to several factors such as the countrys dependence on oil as a major source of revenue poor fiscal discipline and high cost of governance. The COVID-19 pandemic has also played a significant role in the rise of Nigerias debt as the government had to borrow more to support the economy. The LCCI is calling for urgent measures to address the countrys debt situation and ensure sustainable economic growth.

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In an interview with Daily Trust the Managing Director of Renaissance Africa (RA) a global energy and infrastructure development company discussed the potential impact of the companys projects on Nigerias energy security and industrialization. The MD highlighted RAs focus on renewable energy sources and its commitment to providing sustainable solutions to the countrys energy needs. He also emphasized the importance of industrialization for economic growth and job creation in Nigeria. The companys projects which include renewable energy plants and industrial parks aim to contribute to the countrys development and bring about a renaissance in Africa.

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The all-new Mitsubishi L200 has been introduced to the Nigerian market offering a range of upgrades and improvements. This popular pickup truck boasts a sturdy design and advanced features making it suitable for both personal and commercial use. The L200 comes equipped with a powerful engine improved suspension and enhanced safety features. It also offers a spacious and comfortable interior along with a variety of technology options. With its arrival in the Nigerian market the L200 provides customers with a reliable and versatile vehicle option. This launch is expected to boost Mitsubishis presence in Nigeria and cater to the growing demand for pickup trucks in the country.

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In a stunning upset Arsenal defeated defending champions Real Madrid in the Champions League quarter-finals securing their spot in the semi-finals. The Gunners dominated the match with goals from Alexandre Lacazette and Pierre-Emerick Aubameyang securing a 2-0 victory. Real Madrid who had won the past three Champions League titles were unable to find their footing against Arsenals strong defense. This victory marks Arsenals first appearance in the Champions League semi-finals since 2009 and is a major accomplishment for the team. The Gunners will now face off against another top European team further solidifying their status as a top contender in the tournament.

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The state of Osun in Nigeria has signed investment deals worth $100 million with UK investors. The agreements were signed during a visit by the Osun State Governor Gboyega Oyetola to the UK. The deals cover various sectors such as agriculture mining and infrastructure development. The investments are expected to create jobs and boost economic growth in the state. The governor also highlighted the states commitment to creating a conducive environment for businesses to thrive. This partnership with UK investors is a significant step towards attracting more foreign investment and promoting economic development in Osun state.

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Pal Pensions one of the leading pension fund administrators in Nigeria recently celebrated its 20th anniversary. The company which was established in 2001 has become a trusted name in the pension industry providing quality services to its clients. Over the years Pal Pensions has expanded its operations to cover all regions of the country and has also introduced innovative products and services to meet the changing needs of its customers. The companys success can be attributed to its commitment to excellent customer service sound financial management and adherence to industry regulations. As it marks two decades of service Pal Pensions looks to continue its growth and impact in the pension sector.

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Former Vice President and presidential candidate Peter Obi has responded to the criticism that followed the ban on unapproved visits to Benue state by the states governor Samuel Ortom. Obi stated that the ban was necessary to ensure the safety and security of the state and that it was not meant to target any particular individual or group. He also urged the governor to consider the economic implications of the ban and find a balance between security and economic development. Obi emphasized the need for collaboration and dialogue between the government and the people to address the security challenges in the state.

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The All Progressives Congress (APC) and the Peoples Democratic Party (PDP) in Sokoto State have engaged in a war of words over Governor Aminu Tambuwals two-year scorecard. The APC accused the PDP-led government of underperforming and failing to fulfill its campaign promises while the PDP defended its record and accused the APC of spreading false information. The PDP highlighted the achievements of the governor in areas such as education healthcare and infrastructure development while the APC claimed that the state has been neglected and that the government has failed to address security challenges. The verbal exchange between the two parties reflects the political tensions in the state ahead of the 2023 elections.

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Kawu Sumaila a former member of the All Progressives Congress (APC) in Kano State has started consultations with party leaders and stakeholders over a potential return to the party. Sumaila who left the APC in 2018 to join the Peoples Democratic Party (PDP) has reportedly expressed his desire to return to the APC and has begun meeting with party leaders to discuss the possibility. The move comes after the recent defection of some PDP members to the APC including former governor of Kano State Rabiu Kwankwaso. Sumailas return to the APC could have significant implications for the partys strength in Kano State.

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The article reports on the rejection of a rumoured move by the former Speaker of the Delta State House of Assembly Victor Ochei to join the All Progressives Congress (APC) by two prominent politicians in Delta State Senator Peter Nwaoboshi and Senator Ovie Omo-Agege. The rejection was made known during a meeting of the Peoples Democratic Party (PDP) in the state. The politicians who are loyal to the state governor Ifeanyi Okowa stated that they do not want Ochei to join the APC and that he should remain in the PDP. The article also mentions the ongoing political tension in the state ahead of the 2023 general elections.

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The article discusses the issue of the National Assembly being unable to legislate for the state of Rivers under a state of emergency. According to the constitution the state governor has the power to make laws for the state during an emergency which excludes the National Assembly. This has caused tension between the governor and the federal government as the governor believes that the state should have autonomy in making laws during an emergency. The article also highlights the challenges faced by the state due to the ongoing crisis and the need for cooperation between the state and federal government to effectively address the situation.

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In the article "CBEX and the Rest of Us" the author discusses the impact of the Central Bank of Nigerias (CBN) new foreign exchange policy on the countrys economy and its citizens. The CBN recently announced a new policy that will allow the exchange rate of the Naira to be determined by market forces rather than being fixed by the government. This move has caused uncertainty and concern among businesses and individuals who rely on a stable exchange rate. The author argues that while the policy may benefit some it could also have negative consequences for others and calls for a more inclusive approach to economic policies.

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Commendations poured in for the George Aluo-led board of the Nigeria National League (NNL) during the leagues third Annual Awards Ceremony held in Abuja. The event celebrated outstanding players referees and officials of Nigerias second-tier football league. Representing NFF President Alhaji Ibrahim Musa Gusau First Vice President Chief Felix Anyansi-Agwu…

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The Golden State Warriors and the Orlando Magic have secured their spots in the NBA playoffs after winning their respective games. The Warriors defeated the Memphis Grizzlies 113-101 while the Magic beat the Boston Celtics 116-108. The Warriors who have been struggling this season have managed to clinch their spot in the playoffs for the eighth consecutive year. The Magic on the other hand have made it to the playoffs for the first time in seven years. Both teams have shown determination and resilience and their victories serve as a testament to their hard work and dedication throughout the season.

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The Ogun State government has unveiled the logo mascot and theme song for the 22nd National Sports Festival (NSF). The event which is scheduled to take place in Benin City Edo State in April 2022 aims to promote unity and healthy competition among athletes from different states in Nigeria. The logo features an eagle which represents strength and resilience while the mascot a leopard symbolizes speed and agility. The theme song titled "Rising Together" highlights the importance of teamwork and coming together to achieve success. The unveiling ceremony was attended by government officials athletes and sports enthusiasts who expressed excitement for the upcoming event.

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The FCT Football Association is mourning the loss of former Nigerian football captain and coach Christian Chukwu. He passed away at the age of 70 after battling an undisclosed illness. The association described him as a national hero who made significant contributions to the development of football in the country. Chukwu was known for leading the Nigerian team to their first African Cup of Nations victory in 1980 and also coaching the team to their first World Cup appearance in 1994. He was also a respected figure in the football community known for his leadership and humility. His death is a great loss to the Nigerian football community.

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The Dallas Mavericks defeated the Chicago Bulls in a thrilling game securing their spot in the playoffs and setting up a tie against the Memphis Grizzlies. The game was marked by intense heat with temperatures reaching over 100 degrees on the court. Despite the challenging conditions the Mavericks managed to maintain their composure and outplay the Bulls with Luka Doncic leading the charge with 30 points. This victory was a crucial step for the Mavericks as they aim to make a deep run in the playoffs. Meanwhile the Bulls season came to an end with their star player Zach LaVine missing the game due to health and safety protocols.

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Liverpool football club has announced that their star defender Virgil van Dijk has signed a new long-term contract. The Dutch international has been a crucial player for the team since his arrival in 2018 helping them win the Premier League and Champions League titles. The new contract is believed to be worth around £220000 a week making him one of the highest-paid players in the club. This news comes as a relief to Liverpool fans who were worried about the possibility of Van Dijk leaving the team. The 30-year-old has expressed his excitement and commitment to continue playing for the club in the future.

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Nigerian politician and former governor of Lagos State Bola Tinubu has extended his stay in Europe. Tinubu who had initially planned to return to Nigeria on June 14 has now extended his stay until June 29. This has sparked rumors and speculations about his health and political ambitions. Tinubus spokesperson has denied these rumors stating that the extension is due to ongoing consultations and meetings in Europe. Tinubu is a prominent figure in Nigerian politics and is seen as a potential presidential candidate in the 2023 elections. His extended stay has caused a stir among his supporters and opponents alike.

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The Presidential Enabling Business Environment Council (PEBEC) has concluded its high-level retreat for Heads of Ministries Departments and Agencies (MDAs) in Abuja with Vice President Kashim Shettima urging stronger interagency collaboration to build a more business-friendly Nigeria. According to a statement signed by the Director General of PEBEC Princess Zahrah…

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As farmers prepare for this years rain-fed farming season some communities in Niger State are battling to reclaim farmlands eroded by years of recurring floods. The destruction caused by the flooding has affected multiple communities including Muye Apataku Egba Ebwa Bina Achiba Dere Cheku Sokun and Arah. Triggered by the…

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The Federal Government of Nigeria has announced plans to identify and shut down more "miracle" centres across the country. These centres which claim to provide supernatural solutions to problems have been found to be fraudulent and exploit vulnerable individuals. The government has already shut down 37 of these centres and is now working to monitor schools to identify any that may be operating within them. The government has also urged parents and guardians to be vigilant and report any suspicious activities or centres. This move by the government is aimed at protecting the public from being deceived and exploited by these fraudulent centres.

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President of the African Development Bank (AfDB) Dr Akinwumi Adesina has disclosed that the challenge facing many African youths is the mismatch between the education they receive and the skills they need for the labour market. He said for the youths to strive Africa must create the right environment on…