Author: switchni

The governorship candidates of opposition political parties in Lagos State have kicked against the decision by the Independent National Electoral Commission, INEC, to engage the services of the Parks Management Committee, PMC, led by Musiliu Akinsanya otherwise known as MC Oluomo, for the distribution of electoral materials during the forthcoming general election. The candidates also rejected the claims by the INEC that the Oluomo’s PMC was the only available option for election logistics including the movement of personnel, stressing that the park managers are members and supporters of the All Progressives Congress, APC. Their concerns came on the heels of…

The leadership of Pentecostal Fellowship of Nigeria PFN has debunked rumours making the rounds in several quarters and social media platforms that it has endorsed Labour Party Presidential candidate, Mr Peter Obi as rumoured. The National Publicity Secretary of PFN, Bishop Dr Gospel Emmah Isong disclosed this to Vanguard Friday while reacting via telephone. His words:” I want you to know that nothing like that has happened in the history of the PFN. We have not endorsed any political party or any presidential candidate, rather what we have ongoing is the 17th Biennial conference of the Pentecostal Fellowship of Nigeria…

…As new notes scarcity persists …Some banks’ branches remain shut Hours to the deadline when old Naira notes would cease to be legal tender, there was no rush to deposit old notes as anticipated. Our reporters who visited several banks in Abuja, the nation’s capital, yesterday, observed unusual calm at all banks’ premises. Some branches visited did not open to customers at all because their officials claimed that they did not receive any new notes from the Central Bank of Nigeria (CBN) the previous day; while those that opened at all, closed earlier than the normal 4: 00 pm closing…

A tanker has exploded in flames following a crash in the Ogun State area of the Lagos-Ibadan Expressway between Fidiwo bridge and Foursquare causing traffic. The unregistered tanker reportedly exploded around 7:30am on Friday morning. The Ogun State Federal Road Safety Corps spokesperson, Florence Okpe, confirmed the incident, adding that three persons were involved in the accident but no death or injury was recorded. She said the accident involved an unregistered DAF tanker and another vehicle. According to her, the suspected cause of the crash was wrongful overtaking which led to the scratching of two vehicles resulting in sparks of…

A student of the University of Cross River State was on Thursday afternoon shot dead by unidentified gunmen on the Calabar campus of the university. The Public Relations Officer of the institution, Mr Onen Onen, confirmed the incident. “A student was shot. The Vice Chancellor will issue a statement about it,” he said and declined to comment further. It was gathered the gunmen drove into the school in a Toyota Sienna car and headed straight to where the victim was with his friends and shot him dead According to a source, “The incident took place right in front of me and my…

The Nigeria Securities and Exchange Commission has issued a broker licence to Bamboo SSEC issues digital broker licence to Bambooystems Technology Limited. The firm, in a statement on Thursday, said the licence would permit it to carry out tasks in the Nigerian capital market and include Nigerian securities on its platform. Bamboo further disclosed the licence obtained would also allow expansion of its relationships with financial service providers to offer its Application Programming Interface services. “SEC’s issuance of the licence to Bamboo ensures oversight of the relationship with its sponsoring broker, Lambeth Capital, while also empowering it to enter into…

The Kano State Government on Thursday evening filed a suit against the Federal Government at the Supreme Court in respect of the naira redesign policy of the Central Bank of Nigeria. In suit number: SC/CS/200/2023, sighted by The PUNCH, the Kano State Attorney General, through his Counsel, Sunusi Musa, SAN, is asking the apex court to declare that the President, Major General Muhammadu Buhari (retd.), cannot unilaterally direct the CBN to recall the now-old N200, N500 and N1,000 banknotes without recourse to the Federal Executive Council and National Economic Council, respectively. The Kano government is praying a mandatory order seeking…

Adidas is at risk of losing around 1.2 billion euros ($1.3 billion) in revenue in 2023 if they are unable to sell existing Yeezy stock. The German sportswear company said it was assessing what to do with the inventory, adding it has already accounted for the “significant adverse impact” of not selling the products. This comes after the international brand in October cut ties with the rapper Ye, formerly known as Kanye West following a series of antisemitic comments he had made. It is projected that operating profit would drop by around 500 million euros if the company fails to…

The Federal Government on Thursday said it is determined to eradicate the Circulating Vaccine-Derived Polio Virus Type 2 in 2023. The FG also said 96 per cent of the Local Government Areas in the country have achieved 100 per cent in the outbreak response against the Circulating Vaccine-Derived Polio Virus Type 2. The Executive Director and Chief Executive Officer of the National Primary Health Care Development Agency, Dr. Faisal Shuaib said this at the Northern Traditional Leaders’ Committee on Primary Health Care Development Delivery Review Meeting in Abuja. Switch Nigeria reports that if a population is seriously under-immunised, there are…

AMMBAN LAGOS CHAPTER CHAIRMAN AND SECRETARY Association of Mobile Money and Bank Agents in Nigeria; Chairman of the Lagos Chapter, Mr. Abiodun David said in his speech “We want to categorically state that Lagos State chapter of AMMBAN is with the CBN on the cashless policy, it is a welcomed policy following its benefits to the economy, As far as CBN has said that individuals can withdraw as much as N20,000 from the ATM, to enforce “CASHLESS POLICY”. “The cashless policy is delivering benefits to the country, While it has reduced armed robbery attacks on individuals, kidnapping has practically seized…