FX repatriation: CBN releases N3.5bn incentive to 150 exporters
The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window. The CBN Governor, Mr. Godwin Emefiele, made the announcement at the Bankers’ Committee’s 30th meeting on Thursday. The apex bank had in February announced policies, plans and programmes for non-oil exports that would enable Nigeria earn $200 billion in foreign...
Elon Musk tables $43bn offer for Twitter
World’s richest man, Elon Musk, is making a $43 billion takeover bid for Twitter Inc. Must, who is already Twitter's second-largest shareholder, said at a TED Talk in Vancouver on Thursday, that the social media company needs to be taken private to grow and become a platform for free speech. "I think it's very important for there to be an inclusive...
NASS approves N4trn for fuel subsidy
The House of Representatives on Thursday approved N4 trillion for fuel subsidy in the revised 2022 Medium-Term Expenditure Framework (MTEF) sent by President Muhammadu Buhari on April 7. The House also passed the sum of N182 billion as an increment for the Nigeria Police Force (NPF) salary, while it also passed N7.35 trillion budget deficit. This followed the consideration and adoption...
2023: Abiola’s eldest son, Kola, joins PRP
The eldest son of the late Chief MKO Abiola, the presumed winner of June 12, 1993 Presidential Election, Kola, has joined the Peoples Redemption Party (PRP). Abiola was formally accepted into the party on Thursday at its National Secretariat in Abuja by Mr. Falalu Bello, the National Chairman of the party. Abiola (about 60 years old) said he was returning to...
Gunmen kill INEC official in Imo
Gunmen, on Thursday, killed an official of the Independent National Electoral Commission (INEC) at Nkwo Ihitte in the Ihitte Uboma Local Government Area of Imo State. This was disclosed via a statement issued and made available to The Star on Thursday by the INEC’s National Commissioner and Chairman, Information and Voter Education Committee, Festus Okoye. The INEC’s National Commissioner disclosed that...
Strike: Go back to your students, FG begs ASUU
The Federal Government (FG) has once again appealed to the Academic Staff Union of Universities (ASUU) to call off its strike and resume academic activities without further delay. Minister of Labour and Employment, Sen. Chris Ngige, made the appeal in Abuja on Thursday shortly after receiving notification letter of his nomination by Sun Newspaper Publishing Limited for the award of...
Man bags jail term for fraud in Borno
The Economic and Financial Crimes Commission (EFCC), on Thursday, secured the conviction and sentencing of one Modu Ali before Justice Aisha Kumaliya of the Borno State High Court, sitting in Maiduguri, the state capital. The defendant was arraigned on a two count charge of criminal misappropriation to the tune of N570,000. According to a statement made available to The Star on...
EFCC arraigns 2 for N22m fraud in Borno
The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned one Mohammed Bukar, popularly known as Gausu, before Justice Aisha Kumaliya of the Borno State High Court, sitting in Maiduguri on a one count charge of obtaining by false pretence to the tune of N19 million. The defendant was alleged to have fraudulently collected the sum from Ba’ana Modu Buraye...
Davido acquires new land in Banana Island
Award-winning Nigerian singer, David Adeleke, widely known as Davido, has a acquired a new plot of land at the Banana Island area of Lagos State. Davido announced the purchase of the land via his InstaStories on Thursday, saying he is set to build his dream home. The Fall crooner, who shared the pictures of the land, wrote: “To God be the...
Council of States grants clemency, pardon to 159 convicts, ex-convicts
The Council of State has endorsed the granting of clemency, pardon and prerogative of mercy to 159 out of 162 applications presented to it for consideration. The Attorney General of the Federation and Minister of Justice, Abubakar Malami, made this known when he addressed State House correspondents on the outcome of the Council’s meeting, presided over by President Muhammadu Buhari,...
