Bolivia has severed its diplomatic ties with Israel, becoming the first Latin American country to do so. This decision was made in protest of what Bolivia perceives as “aggressive and disproportionate” Israeli military actions in Gaza. Bolivia has called for a ceasefire and expressed its intention to provide aid to the blockaded Gaza Strip. But an Israeli official said the move was “a surrender to terrorism”. Lior Haiat, Israeli foreign minister accused the Bolivian government of “aligning itself with the Hamas terrorist organization”. Bolivia’s Deputy Foreign Minister Freddy Mamani said that the government had taken the decision to cut ties…
Author: Good Evening Nigeria
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Internet and phone networks were down across the Gaza Strip on Wednesday, the Palestinian telecommunications agency said, in the second such blackout in the besieged territory in less than a week. “To our good people in the beloved country, we are sorry to announce that communications and internet services have been completely cut off in Gaza,” the Palestine Telecommunications Company (Paltel) said on X. Global network monitor Netblocks confirmed that Gaza “is in the midst of a new internet blackout with high impact to the last remaining major operator, Paltel. “The incident will be experienced as a total loss of…
Airtel Africa Plc has reclaimed its position as the most valuable company on the Nigerian stock market, more than six months after losing the crown. The telecommunications company emerged as the biggest gainer at the close of trading, with its market capitalisation surging by N530 billion to reach N5.79 trillion, surpassing Dangote Cement Plc. Dangote Cement, Africa’s largest cement producer, held the top spot with a valuation of N5.59 trillion, and its share price concluded at N328. In contrast, Airtel Africa’s share price soared by 10 percent to N1,540, making it the top performer. Airtel Africa reported a loss after…
Nigeria witnessed a substantial surge in Spotify streams during the month of October, with data revealing an impressive contribution of approximately 115 million streams spread across over 250 songs. This surge represents a remarkable 7.9% month-on-month growth, breaking down to an average of 28.9 million streams per week and 3.8 million streams per day, a Business Day report has said. While historical data for comparison is not available, these figures are commendable, particularly within the broader context of emerging markets. Amidst the array of musical choices, three tracks stood out as the most popular among Nigerians in October. “Blood On…
The yearly ‘Warri Again Concert’ organizers have filed a lawsuit against Nigerian superstar singer, David Adedeji Adeleke, known as Davido, along with his music label, Davido Music Worldwide Limited, over an alleged breach of agreement/contract. The claimant, represented by Brownhill Investments Company Limited, filed a N2.3 billion lawsuit in the High Court of Delta State in Effurun, over allegedly Davido’s refusal to show at an event he had collected money to perform. Listed as defendants in the suit are Davido and his music label, Davido Music Worldwide Limited. In the suit numbered EHC/183/2023, the claimant is seeking a general damages…
The Senate Public Accounts Committee has announced its intention to investigate the printing of new Nigerian naira notes in 2022, a move that coincided with the implementation of the naira redesign policy under the administration of former President Muhammadu Buhari. The policy involved the redesign of the N200, N500, and N1,000 notes, with the old notes being phased out in February 2023 prior to the general elections. This policy, however, resulted in a cash shortage and led to violent protests and attacks on banks in various parts of Nigeria. A Supreme Court ruling later suspended the deadline for the expiration…
The National Hajj Commission of Nigeria (NAHCON) has called on all intending pilgrims from Nigeria, should pay the required N4.5 million deposit for next year’s hajj, as soon as possible. This call comes after NAHCON’s earlier announcement that negotiations with service providers in the Kingdom of Saudi Arabia would commence from November 4. Consequently, intending pilgrims are urged to make their deposits before this date. NAHCON said timely payments is important as it enables the commission to determine the number of intending pilgrims, facilitating negotiations with service providers. Payment is also essential to secure visas, which will be closed 50…
The Super Falcons on Tuesday in Abuja walloped Ethiopia 4-0 (5-1 on aggregate) to reach the third round of the African qualifiers for next year’s Women Olympic Football Tournament A brace by captain Rasheedat Ajibade and one each by Uchenna Kanu and Asisat Oshoala saw the Super Falcons ease past their opponents at the Moshood Abiola National Stadium, Abuja. The nine-time African champions will next meet the Indomitable Lionesses of Cameroon in the race. A rather tepid first half saw Oshoala bungle a couple of opportunities and Uchenna Kanu miss from six yards. Kalsa Aregash also saw her shot saved…
The Standards Organisation of Nigeria (SON), on Tuesday issued certificates of Mandatory Conformity Assessment Programme (MANCAP) to 57 companies operating in Kano, for meeting set production standards. The News Agency of Nigeria (NAN) reports that most of the companies are producers of fertilizer, rice and plastics, among others. SON’s Director-General (DG), Dr. Ifeanyi Chukwunonso-Okeke, said MANCAP has a Mandatory Product Scheme to ensure that all locally-manufactured products in the country conform to relevant Nigeria Industrial Standard (NIS) before such products are presented for sale in the market or exported. READ ALSO: CBN: We Never Plan to Redenominate Naira The DG,…
The Central Bank of Nigeria (CBN) has officially refuted recent reports suggesting a plan to redenominate the Nigerian Naira starting from January 2024. This denial comes in response to the widespread circulation of a text message implying that the CBN intends to redenominate the Naira. In an official release signed by Dr. Isa AbdulMumin, the Director of Corporate Communication at the CBN, the apex bank expressed its concern regarding the propagation of this narrative, which had previously been refuted. The CBN emphasized that the content of the message is misleading, and it has been modified from an old policy move…
The House of Representatives has approved the proposed 2023 Supplementary budget of N2,176 trillion for a second reading. The passage of the bill followed a letter from President Bola Ahmed Tinubu requesting consideration and approval. President Tinubu also presented the 2024-2026 Medium Term Expenditure Framework & Fiscal Strategy Paper (MTEF/FSP) to the House. READ ALSO: Police warn against false alarm, mob action over missing genital organs The 2023 Supplementary budget Bill, titled “A Bill for an Act to authorize the issue from the Consolidated Revenue Fund of the Federation,” seeks a total sum of N2,176,791,286,033, which includes N18 billion for…
Sen. Dino Melaye, the Peoples Democratic Party (PDP)’s Candidate for the Kogi governorship election, says his party will replicate the victory of Natasha Akpoti-Uduagan in the Nov. 11 election. Melaye made the remark at the Appeal Court, Abuja, in an interview with newsmen shortly after the court affirmed the election victory of Akpoti-Uduagan of PDP as the winner of the Kogi Central Senatorial election held in Feb. 25. The News Agency of Nigeria (NAN) reports that the three-member panel, in a unanimous judgment delivered by Justice Hamma Barka, upheld the judgment of the state’s election tribunal and dismissed the appeal…
U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda, and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade programme. Biden said he was taking the step because of “gross violations” of internationally recognised human rights by the Central African Republic and Uganda. He also cited Niger and Gabon’s failure to establish or make continual progress toward the protection of political pluralism and the rule of law. “In spite of the intensive engagement between the United States and the Central African Republic, Gabon, Niger, and Uganda, these…
The Israeli military on Tuesday said that its fighter jets struck a senior Hamas commander who was responsible for the October 7 terrorist attacks on two communities. Nasim Abu Ajina directed the massacre on Oct. 7, in the Kibbutz Erez and Moshav Netiv HaAsara, the Israel Defence Forces (IDF). The Israeli Security Agency (ISA) said in a joint statement posted on Telegram. “In the past, Abu Ajina commanded Hamas’ Aerial Array, and took part in the development of the UAVs and paragliders of the terrorist organisation,’’ the statement continued. “His elimination significantly harms the efforts of the Hamas terrorist organisation…
Dr Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, has alerted Nigerians on the existence of portal designed by undesirable elements to defraud Nigerians. She said in a statement on Tuesday in Abuja that the “FG Humanitarian and Poverty Alleviation Trust Fund Registration Portal is fake”, and did not emanate from the ministry or any other agency of government. ”The said portal is fake, created by undesirable elements with the sole intention of defrauding unsuspecting members of the public. READ ALSO: Britain’s King Charles Visits Kenya 63 Years After ‘Painful’ Colonial That Killed ‘90,000 Kenyans’ ”There will never be a…
South Korean authorities on Tuesday detained a man after two police officers were stabbed outside a compound housing the presidential office in the capital, Seoul, city police said. One officer was stabbed in the stomach and the other in the left arm at 1:20 p.m. (0420 GMT) after the officers tried to subdue a man in his 70s who was shouting in front of the compound, the Yonhap news agency reported. The two officers were being treated in hospital, it said. The Seoul Metropolitan Police Agency confirmed the incident but did not give any details or comment on a suspected…
Britain’s King Charles has begun a four-day state visit to Kenya, marking his first visit to a former colony. The visit intends to acknowledge the “painful aspects” of a shared history, which includes almost seven decades of colonial rule. Accompanied by Queen Camilla, Charles arrived in Kenya overnight and was received by Kenyan President William Ruto in the capital Nairobi on Tuesday morning. Buckingham Palace has stated that the visit reflects the close cooperation between the two countries in areas such as economic development, climate change, and security issues. During his visit, Charles plans to meet with entrepreneurs from Kenya’s…
The House of Representatives Public Accounts Committee (PAC), has summoned the leadership of the Nigeria Communications Satellite Ltd (NIGCOMSAT), Nigeria Upstream Petroleum Regulatory Commission (NUPRE), and other government agencies to address a significant N20.853 billion audit query. Other agencies included in this action are the Nigeria Export Processing Zones Authority (NEPZA) and three other entities. The committee, led by Rep. Bamidele Salam, has issued a 72-hour ultimatum for these agencies to appear before it. The audit queries, totaling N20.853 billion, were raised against these agencies by the Office of the Auditor-General of the Federation. READ ALSO: Speaker Abbas calls for…
Speaker of the House of Representatives, Abbas Tajudeen, has called for the regulation of Artificial Intelligence (AI), Robotics and other emerging technologies. Abbas made the appeal in Abuja on Monday at the 2022/2023 Convocation Ceremony of the National Institute for Legislative and Democratic Studies – University of Benin (NILDS-UNIBEN). The speaker, who disclosed his readiness to sponsor a bill seeking to regulate emerging technologies, stressed the need to have a regulatory framework in place for emerging technologies in the country. Abbas noted that though new technologies such as Artificial Intelligence and robotics had immense benefits, there was the need to…
The federal government said it is planning to stop the collection of tax in foreign currencies. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, who disclosed this in an interview with Business Day, said collecting taxes in dollar create additional demand against our currency, hence contributing to ongoing scarcity of Dollar in the countru. He said: “This whole idea of paying levies taxes in foreign currency will stop before the end of this year. If you are a Nigerian company or individual who does business in naira, why should we pay taxes in dollars?…