World News Archives — Page 5 of 19

Mar

14

2024

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By Thewhisperer

Meet Ruby Onwudiwe, Tinubu’s new nominee to replace Urum Eke as CBN board member

Business

President Bola Tinubu recently submitted a request to the Nigerian Senate, urging the confirmation of Dr. Ruby Onwudiwe as a member of the Central Bank of Nigeria (CBN) board of directors. In a letter directed to Senate President Godswill Akpiabio and presented during Wednesday’s session in Abuja, Tinubu emphasized the significance of Onwudiwe’s appointment in line with the stipulations of the CBN Establishment Act 2007. “I am pleased to nominate Dr Ruby Onwudiwe for confirmation by the senate as a member of the CBN board of directors,” Tinubu remarked. “It is important to note that Onwudiwe is being proposed as…

Mar

05

2024

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By Thewhisperer

BREAKING: Binance to depart Nigerian market, ends services in local currency

Business

Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but will cease support for NGN deposits after 14:00 UTC today. Withdrawals will become unsupported after March 8 at 6:00 a.m. UTC. Posting on its website on Tuesday, Binance said the conversion rate for automatic conversions will be 1 USDT per 1,515.13 naira, according to an announcement. All spot trading pairs against the naira will be delisted on March 7 at 3:00 a.m. UTC.…

Feb

16

2024

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By Thewhisperer

N1,444.56/$: What rise in Customs duty mean on food prices in Nigeria

Business

There is no end in sight to food price increase as Nigeria continues to suffer a major rise in import duty which is now N1,444.56/$. This will inadvertently affect imported food and agricultural products, reports The ICIR. In the past few weeks, there has been a series of protests in different parts of the country, triggered largely by the high cost of living and uncontrollable surge in food prices. Nigeria is largely an import-dependent country with much of its agricultural products and raw materials for food and beverages majorly imported. Already, the Association of Master Bakers and Caterers of Nigeria…

Feb

09

2024

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By Thewhisperer

High Cost Of Living: Yobe Residents Go Spiritual, Seek Divine Intervention Over Hardship

Business

The United Marketers Association (UMAPO), Yobe state chapter, on Friday, organised prayers to seek divine intervention over the present economic hardship. Speaking at the prayer ground, Chairman of UMAPO Potiskum chapter, Alhaji Nasiru Mato, said the prayer was to seek God’s forgiveness due to the economic hardship in the country and ask Him the way forward. “The challenges of high cost materials such as food items and other things happened as a result of the fuel subsidy removal. Marketers are facing seriously challenges at this trying moment,” he said. According to Daily Trust, he called on federal, state and local…

Dec

07

2023

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By Thewhisperer

Dangote Refinery Set To Commence Operations As First Crude Shipment Arrives

Business

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry. Quoting industry sources and tanker tracking data, S&P Global, in a report on its website, spglobal.com, said that the OTIS tanker, carrying a 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and is currently en route to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal. The tanker is expected to arrive on December…

Nov

17

2023

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By Thewhisperer

President George Weah on brink of losing re-election bid

World News

Liberian President, George Weah, is losing his bid for a return to office after the country’s National Election Commission officials released nearly all the results from this week’s runoff election. This came after opposition candidate Joseph Boakai maintained a slim lead in the Liberian presidential election in the official result released from more than 99% of the polling stations. Mr Boakai, 78, has 50.89% of the votes, while Mr Weah, who is seeking a second term in office, has 49.11%, People’s Gazette reports. The percentage represents a lead of more than 28,000 votes, with nearly all the ballots accounted for.…

Nov

17

2023

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By Thewhisperer

Multi-billion Naira Sun Heaven Hotels & Resort Umuahia Ready For Guests December 1

Business

A multi-billion naira hotel, Sun Heaven Hotels & Resort, in Umuahia, Abia State is now ready to receive guests, according to the management of the hotel. “The doors of the hotel will be opened for business December 1, 2023”, the management said in a statement issued on Friday. The high-rise five-star hotel, with hundreds of lavished rooms and suites is located in an ambiance environment reflecting its high-end amenities and exceptional comfort. Sun Heaven Hotels and Resort, is located at Umuagu Ibeku Road, 440236, Umuahia, Abia state. Phone numbers: 09081255948, 0813 063 0979 and 0805 654 4263

Nov

01

2023

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By Thewhisperer

Abia-born Obinna Udensi emerges Chief Operating Officer of Frontline Homes

Business, News

A prominent real estate development company, Frontline Homes has unveiled Mr Obinna Udensi as its Chief Operating Officer. THE WHISPERER reports that Mr Udensi hails from Elugwu Akanu Item in Bende L..G.A. of Abia State. Unveiling Mr Udensi on its official Instagram page, Frontline Homes described him as highly industrious and innovative. Read statement below: "In the dynamic realm of real estate, the emergence of transformative leaders is a testament to the industry's evolving landscape. Obinna Udensi, hailing from the rich cultural backdrop of Abia State and boasting a heritage deeply rooted in the industrious Igbo community, stands as a…

Sep

06

2023

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By Thewhisperer

Gabon’s Ousted President Ali Bongo Freed

World News

Gabon’s former president Ali Bongo, who was ousted in a putsch, is free to leave the country and travel abroad the leader of the coup that toppled him said on Wednesday. “He has freedom of movement… and can travel abroad if he wishes,” general Brice Oligui Nguema said in a statement read on state television. Bongo, in power for 14 years, had been under house arrest since the military coup of August 30, carried out without bloodshed less than an hour after his party proclaimed his re-election in a vote described as fraudulent by the putschists. “Given his state of…

Aug

30

2023

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By Thewhisperer

Coup in Gabon: Army officers seize power, end Bongo’s 53-year reign

World News

Army officers have appeared on national television to say they have seized power in Gabon, after President Ali Bongo was re-elected to a third term in office in the Central African nation. According to the BBC, the officers said they were annulling the results of Saturday’s election which the opposition had denounced as “fraudulent”. Twelve soldiers reportedly appeared on television to announce that they were cancelling the results of the election and dissolving “all the institutions of the republic”. “We have decided to defend peace by putting an end to the current regime,” one of the soldiers was quoted as…