Author: NewsTrend

The Central Bank of Nigeria (CBN) says there is no going back on the February 10, 2023 deadline for the swapping of the old N1,000, N500, and N200 notes. While there has been controversy over the deadline with some governors dragging the apex bank to the Supreme Court and the court restraining the bank from implementing the deadline, the CBN maintained that the date remains sacrosanct. The CBN Governor made it known on Tuesday during a meeting with members of the diplomatic corps in Abuja. He acknowledged the inconveniences caused by the naira redesign policy including hoarding and an elevated…

The Managing Director, Lagos State Metropolitan Area Transport Authority (LAMATA), Mr. Abimbola Akinajo, said the State Government had commenced the test running of the 13 km Lagos Blue Line Rail Service train. Akinajo disclosed this at the commencement of the test running in Lagos on Monday from Marina to Mile 2. She said that the exercise would last between two to three months, to enable Lagos residents to enjoy the free ride before commencing the full rail operation in April. Akinajo said the test running would be carried out three times in a week over the next two months. “The…

Head of Economic Development in Nigeria, British Deputy High Commission in Lagos, Sally Woolhouse (left); Manufacturing Africa Advisor, British Deputy High Commission in Lagos, Beth Davies – Kumadiro; Chief Commercial Officer, Arnergy, Omobola Omofaiye; Deputy Director, British Investment Partnerships Hub, U.K. Foreign Commonwealth and Development Office, Daniel Davis; Head Engineering, Arnergy, Emmanuel Ademuwagun; Manufacturing Africa Country Coordinator in Nigeria, Manufacturing Africa Consortium, Yasmin Osaghae at the visit of UK British International Investment in partnership with Manufacturing Africa Programme of the UK Government’s Foreign & Commonwealth Development Office to Arnergy Office in Lagos

Police source in Durban has confirmed that the South African rapper, Kiernan Forbes known as ‘AKA’ has been shot dead in a drive-by shooting in Florida road on Friday night. It was understood that AKA was standing outside the Wish Restaurant before some persons in two cars gunned him down around 10pm Another person believed to be AKA’s bodyguard was also wounded, while an unidentified person, who is understood to be a close friend of the rapper, was also shot dead in the drive-by shooting, according to an IOL report. The famour rapper who was meant to celebrate his birthday…

The three suspects involved in the killing of Fatinoye couple and their only son have been apprehended by operatives of Ogun State police Command. The suspects, Lekan Adekanbi a.k.a Koroba, Ahmed Odetola a.k.a Akamo and Waheed Adeniji a.k.a Koffi were all arrested following painstaking intelligence based investigation embarked upon by men of the Command, as a result of the gruesome murder of the couple, Kehinde and Bukola Fatinoye and their only son Oreoluwa Fatinoye. The couple were killed in the most gruesome manner on the eve of New year celebration immediately they returned from Cross-over service, and the murderers also…

Head of Economic Development in Nigeria, British Deputy High Commission, Lagos, Sally Woolhouse(left); Manufacturing Africa Advisor, British Deputy High Commission, Lagos, Beth Davies-Kumadiro; Chief Commercial Officer, Arnergy, Omobola Omofaiye; Deputy Director, British Investment Partnerships Hub, U.K. Foreign Commonwealth and Development Office, Daniel Davis; Head, Engineering, Arnergy, Emmanuel Ademuwagun and Manufacturing Africa Country Coordinator in Nigeria, Manufacturing Africa Consortium, Yasmin Osaghae during the visit of UK British International Investment in partnership with Manufacturing Africa Programme of the UK Government’s Foreign & Commonwealth Development Office to Arnergy Corporate HQ in Lagos on Wednesday.

Ahead of the 2023 general elections, the National Universities Commission (NUC), has ordered the management of universities across the country to shut down activities for students to participate in the poll. The directive was confirmed in a letter addressed to vice-chancellors of all universities and directors of inter-university centres by the NUC. The Commission, however, noted that the order was based on the directive from the Minister of Education, Adamu Adamu. As stated in the letter, the decision is based on concerns about security of lives and properties in public institutions during the general elections coming up by end of…

The Nigerian Institute of Management (Chartered), will hold the investiture of Dr. (Mrs.) Christian Atako as the 24th President and Chairman of Council in a ceremony to be held in the Institute’s Chris Abebe Auditorium, Management House, Victoria Island, Lagos on Wednesday, February 15, 2023. Dr. Atako, the erstwhile Deputy President and Acting President of the Institute, was elected the 24th President and Chairman of Council on December 9, 2022 and succeeded Major General Abdullahi Muraina (rtd.), who passed away last September. Also to be decorated in the same ceremony are Commodore Abimbola Ayuba (rtd.), a former Director at both…

Operators of regulated bus and ferry services have appealed to Lagosians for the recalibration of their validators to effect a 50 per cent fare cut directed by Governor Babajide Sanwo-Olu. According to the press release made available by the Lagos state commissioner for information and strategy, Gbenga Omotoso, the new fare will come into effect on Friday, 10th February 2023. The fare slash, according to the Governor, is to cushion the effects of the challenges thrown up by the lack of the new Naira denominations and the lingering fuel shortage. To effect the new fare, all the validators on regulated…

The Nigerian Institute of Management(NIM)(Chartered), will hold the investiture of Dr. (Mrs.) Christian Atako as the 24th President and Chairman of Council in a ceremony to be held in the Institute’s Chris Abebe Auditorium, Management House, Victoria Island, Lagos on Wednesday, February 15, 2023. Dr. Atako, the erstwhile Deputy President and Acting President of the Institute, was elected the 24th President and Chairman of Council on December 9, 2022 and succeeded Major General Abdullahi Muraina (rtd.), who passed away last September. Also to be decorated in the same ceremony are Commodore Abimbola Ayuba (rtd.), a former Director at both Defence…