Author: Vardiafrica

Chadian Prime Minister Succes Masra said Wednesday he had handed in his resignation, just over two weeks after his defeat to junta chief Mahamat Idriss Deby Itno in presidential elections. Deby, 40, won the May 6 presidential vote with 61 percent of the ballot, according to final results, and is due to be sworn in at an investiture ceremony on Thursday in the capital N’Djamena. He was proclaimed transitional president in April 2021 by a junta of 15 generals after his father, iron-fisted president Idriss Deby Itno, had been shot dead by rebels after 30 years in power. Masra, also…

Rivers State Governor, Siminalayi Fubara, has sworn in the eight commissioner nominees that were screened by the State House of Assembly on Tuesday, charging them to cultivate the culture of keeping accurate records of their dealings in their various ministries The Governor maintained that such culture is essential for the effective functioning of any organised system, particularly the civil service because they provide useful history of events, decisions and actions, including indices of productivity. The swearing ceremony was held at the Executive Council Chamber of the Government last night, hours after the State Assembly led by Victor Oko-Jumbo screened and…

The House of Representatives has asked the Federal Government to review the recent policy on airport toll gates by ensuring that members of the Armed Forces are exempted from payment of tolls. This resolution was reached on Tuesday following a motion by Abdulsamad Dasuki during plenary. It would be recalled that the Federal Executive Council recently announced the withdrawal of the exemption of payment of tickets by some highly placed Nigerians at the nation’s airports. Moving the motion, Dasuki said members of the Armed Forces should be honoured by not being made to pay tolls at the airports and major…

The amended Local Government Law proposed by the Martins Amaewhule faction of the Rivers State House of Assembly has been invalidated by the Rivers State High Court. The lawmakers who were loyalists of the Minister of Federal Capital Territory, Nyesom Wike, had proposed an extension of tenure for LG chairmen for six months after the expiration of their term without the consent of the state governor, Siminalayi Fubara. While ruling on a suit numbered PHC/1320/CS/2024, Justice D.G. Kio declared the amendment invalid, citing its inconsistency with the 1999 Constitution and Section 9(1) of the Rivers State Local Government law No. 5 of…

Mauricio Pochettino has left Chelsea after just one season in charge by mutual consent, the English club announced on Tuesday. The Blues finished sixth in the Premier League thanks to a fine run towards the end of the season but missed out on Champions League qualification and a trophy. “Chelsea FC can confirm that the club and Mauricio Pochettino have mutually agreed to part ways,” Chelsea said in a statement. In just two years under the ownership of an American consortium fronted by LA Dodgers co-owner Todd Boehly and private equity group Clearlake Capital, Chelsea have spent over £1 billion…

The Federal Government has proposed to pay N54,000 as minimum wage, as the Tripartite Committee on the New Minimum Wage returned to the negotiation table after the Organised Labour pulled out of the negotiations last week. At the reconvened meeting this week, the Federal Government made a fresh proposal to pay N54,000 as against the initial N48,000 it proposed during the last sitting. However, a reliable source at the meeting told Channels TV’s labour correspondent that the Organised Labour refused the new proposal, as it is a far cry from the N615,000 proposed by both the Nigeria Labour Congress (NLC) and…

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged at 33.69% in April 2024. “The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 295th meeting on the 20th and 21st of May 2024 to review recent economic and financial developments and assess risks to the outlook,” the CBN Governor…

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has disclosed that in the next few months, mobile money operators offering digital banking services like OPay, Palmpay, Kuda Bank, and Moniepoint, would resume the enrolment of new customers. Mr Cardoso stated this on Tuesday after the 295th Monetary Policy Committee (MPC) of the apex bank in Abuja, when he announced an increase in the interest rate by 150 basis points from 24.75 per cent to 26.25 per cent. The apex bank chief said the engagements have taken place with many stakeholders in the sector on the need…

The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has filed a preliminary objection before the Federal High Court sitting in Abuja, challenging the court’s jurisdiction to try him. Kanu in the notice of preliminary objection to jurisdiction of the court filed on Monday through his legal team led by his special counsel, Barrister Aloy Ejimakor, told the court that it has no jurisdiction to try him, stressing that charges filed against him before the court by the Nigerian government are unconstitutional. Kanu filed the notice of preliminary objection on the strength of Sections 1(3); 6(6); 12;…

The Kano State House of Assembly on Tuesday revealed that it had begun a legislative process to amend the Kano State Emirs (Appointment and Deposition) Law amidst calls for the return of the deposed 14th Emir of Kano, Muhammad Sanusi. It was learnt that the lawmakers resolved to amend the law after the Majority Leader and member representing the Dala constituency, Hussien Dala, moved the motion during plenary, Daily Trust reports. The law was first amended in 2019 during the rift between then-Governor Abdullahi Umar Ganduje and Sanusi, a former Central Bank Governor. The first amendment had broken the Kano…