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March 1, 2024 Tinubu Inaugurates Lagos Red Line Rail, Slams Labour Unions

Tinubu Inaugurates Lagos Red Line Rail, Slams Labour Unions

President Bola Tinubu has condemned the recent protest by the Nigeria Labour Congress (NLC).

He stated this at the commissioning of the Lagos Red Line Train project connecting Oyingbo to Agbado.

The Labour Union had on Tuesday staged a protest over the hardship resulting from the economic reforms of the president.

But the president said there is no going back on his economic policies while assuring Nigerians of the recovery of the economy.

The president warned the organized Labour against considering itself as the mouth piece of the people.

On the commissioned project, the President described it as the culmination of the vision he birthed 25 years ago when he was governor of the state and called for more inter-government collaborations in the area of infrastructure.

 

 

March 1, 2024 Saudi Medical Team Seperates Conjoined Twins From Nigeria

Saudi Medical Team Seperates Conjoined Twins From Nigeria

Saudi Arabian medical team has successfully separated a pair of conjoined twins from Nigeria.

The twins, Hassana and Hussaina, were born with their legs conjoined at both ends sharing areas in the lower abdomen, pelvis, lower spine, and lower spinal nerves.

The Press Attached at the Saudi embassy, Mohammed Alsahabi made the announcement in a statement in Abuja.

He said the separation surgery took about sixteen and a half hours and involved 39 consultants and other medical staff at the King Abdullah Specialist Children’s Hospital in King Abdulaziz Medical City in Riyadh.

The Head of the medical team Dr. Abdullah Al-Rabeeah said the operation has a 70 percent success rate and involved nine stages.

February 29, 2024 Tinubu’s CBN Board Nominee, Kalu Eke, Rejects Appointment

Tinubu’s CBN Board Nominee, Kalu Eke, Rejects Appointment

Kalu Eke, one of the five nominees selected by President Bola Ahmed Tinubu for the Central Bank of Nigeria (CBN) Board of Directors, has declined the appointment. Tinubu had initially submitted Eke's name, along with four others, to the Senate for confirmation.

However, during the screening exercise conducted by the Senate Committee on Banking, Insurance, and Other Financial Institutions, Eke was notably absent. Senator Mikhail Abiru, representing Lagos East Senatorial District, informed the Senate that Eke failed to appear for screening, rendering the committee unable to recommend him for confirmation.

Senator Orji Kalu, representing the nominee's constituency, disclosed that Eke had contacted him to express concerns about potential conflicts of interest due to his ongoing engagements with various public and private entities, both locally and internationally. Consequently, Eke felt it would be conflicting to accept the appointment to the CBN board while engaged in his current endeavors.

Senator Kalu further informed the Senate that Eke had already notified the Governor of the Central Bank of Nigeria about his decision to decline the nomination.

Following these developments, the Senate proceeded to confirm the appointments of the remaining five nominees for the CBN Board.

February 29, 2024 Binance Will Destroy Nigeria’s Economy If Not Stopped –Bayo Onanuga

Binance Will Destroy Nigeria’s Economy If Not Stopped –Bayo Onanuga

In a recent statement, Bayo Onanuga, the Presidential spokesman, voiced concerns about the potential negative impact of cryptocurrency trading platform Binance on the Nigerian economy. Onanuga warned that, if left unchecked, Binance could severely damage the country's economic stability by arbitrarily manipulating foreign exchange rates.

During a televised program, Onanuga expressed his dissatisfaction, stating, "If we don't take action against Binance, it could spell disaster for our economy. They have been known to manipulate exchange rates at their whim." He further highlighted the government's decision to intervene, citing the need to thwart the detrimental effects of such actions on the economy.

Onanuga emphasized the presence of individuals using online platforms to exert influence over exchange rates, effectively undermining the authority of the Central Bank of Nigeria (CBN). He described these activities as acts of sabotage and underscored the government's commitment to preventing such occurrences in the future.

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