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Top 15 News Roundup For Latest Nigeria News May 11

News Round Up

Here is New Telegraph’s news roundup of the top 15 latest Nigerian news making headlines today Saturday, May 11 2024.

NNPC, First E&P JV Empower NGOs With N53.4m

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint Venture (JV) have donated the sum of N53 million to Non-Governmental Organisations (NGOs) in Nigeria.

This is part of its Corporate Social Responsibility (CSR) initiatives…Read more 

Police Take over Rivers Assembly

Heavily armed policemen have taken over the entrances of the Rivers State House of Assembly quarters along the Aba Road, Port Har- court, the state capital less than a day after Governor Siminalayi Fubara visited the complex. The factional Speaker of the House, Hon. Martins Amaewhule, had accused Fubara of plotting to demolish the legislative quarters, though the Governor said that he was there to access the state of the complex.

Amaewhule’s claim had forced him and other pro-Nye- som Wike…Read more 

Bloomberg: Naira, World’s Worst Performing Currency

The naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates, Bloomberg reported Friday.

According to the report, the naira has slipped to N1,466.31 to the dollar…Read more  

Recapitalisation: Banks Grapple With CBN’s Stringent Monetary Measures

The Central Bank of Nigeria’s (CBN) monetary policies, typified by high Monetary Policy Rate (MPR) currently at 24.75 percent, Cash Re- serve Ratio (CRR), at 45 percent, among others, may have put banks in a challenging position to meet the recapitalisation requirements, Saturday Telegraph checks have revealed.

The stakeholders are of the opinion that the anchor interest rate (MPR)…Read more 

Oborevwori Charges Civil Service, Commissioners to Flush Out Ghost Workers

Delta State Governor Sheriff Oborevwori has ordered zero tolerance to ghost workers’ syndrome and fraudulent recruitment into the state’s civil service to end absenteeism and abandonment of duty posts. The Governor gave the charge at the inauguration ceremony of the Chairman and member of the Civil Service Commission in the state as well as the Audi- tor-General (Local Government) in Asaba yesterday.

Also, the Governor inaugurated the boards of Governing Councils…Read more 

Our Economic Reforms Yielding Dividends – FG

The Federal Government on Friday said its economic reforms is yielding dividends, resulting in the confidence of both local and foreign investors to invest in the nation’s economy.

The Minister of Information and National Orientation Alhaji Mohammed Idris…Read more 

Invictus Games: Prince Harry Inspects Guard Of Honour, Meets CDS

The Duke of Sussex, Prince Harry, arrived the Defence Headquarters (DHQ) complex on Friday, where he held a closed-door meeting with the Chief of Defence Staff (CDS), General Christopher Musa, and other senior Military officers.

Harry, who visited the Defence Complex in company of his wife…Read more 

JUST-IN: Tinubu Receives Greek, Egyptian, Pakistan Envoys

President Bola Tinubu, on Friday received letters of credence from Ambassadors from Egypt, Greece and Pakistan recently posted to Nigeria.

The colourful ceremony held in the Presidential villa, Abuja afforded the President…Read more 

Peter Obi Reacts To Abduction Of Kogi Varsity Students

Peter Obi, the Presidential candidate of the Labour Party (LP) in the 2023 general election has reacted to the abduction of students of the Confluence University of Science and Technology  (CUSTECH) in Okene, Kogi State by gunmen.

The former governor of Anambra State who spoke in a series of tweets…Read more 

Court Orders Pro-Wike Lawmakers To Stop Parading Self As Assembly Members

Amid the political crisis in Rivers State, the state High Court on Friday ordered the Speaker of the State House of Assembly, Martin Amaewhule, and 24 other lawmakers to stop parading themselves as members of the Assembly temporarily.

New Telegraph reports that the suspended lawmakers…Read more 

Rivers Crisis: APC Replies PDP, Says Fubara Plotting His Own Impeachment

Following the ongoing drama in Rivers State politics, the national leadership of the All Progressives Congress (APC) finally broken it silence on the case involving the incumbent Governor, Siminalayi Fubara and some members of the State House of Assembly.

The ruling party in a statement made available to New Telegraph on Friday in Abuja by its National…Read more 

10th Assembly: 40 Lawmakers May Lose Seat

No fewer than 40 Nigerian lawmakers are likely to vacate their seats for concurrent membership of the National Assembly and Economic Community of West Africa State (ECOWAS) Parliament as well as the Pan-African Parliament, if a suit filed against them succeeds.

New Telegraph gathered that the suit filed by the Association…Read more 

Tinubu Confers GCON On Awujale At 90

President Bola Tinubu on Friday, conferred on the Awujale of Ijebuland, Oba Sikiru Adetona, the second highest national honour of the Grand Commander of the Order of Niger (GCON) to mark the monarch’s 90th birthday celebration.

President Tinubu made the announcement at the Olabisi Onabanjo University…Read more 

$140m Binance Bribe: Rep Okafor Threatens Legal Action, Denies Culpability

The Deputy Chairman of the House of Representatives Committee on Delegated Legislation, Hon. Dominic Ifeanyi Okafor (APGA, Anambra) has threatened to sue for defamation over allegations that he collected a $140 million bribe from Binance Cryptocurrency.

An online newspaper has in its Thursday edition alleged that Hon. Okafor…Read more 

Tinubu Commission Lithium Processing Factory In Nasarawa

President Bola Tinubu, on Friday, commissioned a Lithium processing factory built in Nasarawa State by a Chinese firm, Avatar New Energy Materials Company Limited.

The commissioning, which took place at Kama Otto in Nasarawa…Read more

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