Author: Vardiafrica

The Lagos High Court sitting in Ikeja has granted bail to a former Central Bank (CBN) governor Godwin Emefiele Justice Rahman Oshodi granted him bail in the sum of N50m with two sureties in like sum. The court also held that the sureties must be gainfully employed and have three years of tax payment with the Lagos State Government. Justice Oshodi said that the sureties must show proper identification and they must be registered in the Lagos State Bail Management System The judge also said that he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s…

The Minister of Power, Adebayo Adelabu, with the gains by the naira against the United States dollar in the last few weeks, electricity tariff paid by Nigerians should moderate positively. The minister was a guest on Channels Television’s Politics Today programme on Thursday. “The tariff is flexible and I can tell you that even if naira gains more and the exchange rate comes down below N1,000, it must positively affect the tariff and the tariff even for the Band A will come to down below the N225 kilowatt per hour that we are currently charging,” he said On April 3, 2024, the…

The Zimbabwean government has introduced the revolutionary HIV prevention injection, which lasts two months. The drug, Injectable cabotegravir (CAB_LA), which is now available for pre-exposure prophylaxis (PrEP) is a cutting-edge biomedical intervention which offers a convenient and potent means of preventing HIV transmission among individuals at substantial risk. Unlike the traditional daily regimen of pills required for PrEP, this injection is administered once every two months, providing a more practical and manageable option for those seeking protection against the virus. Commenting on the development, Dr Misheck Ruwende, a renowned figure in the medical community said; “Good news! Zimbabwe had its…

Governor Babajide Sanwo-Olu, on Thursday, visited the scene of a fire incident at the popular Idumota market in the state. The governor, who was accompanied by some state officials to assess the extent of the damage caused by the fire, said unapproved buildings in the popular market would be demolished. He said commercial activities in the market remained suspended till further notice. Areas affected include Dosunmu, Nnamdi Azikwe, Moshalashi, Woro Pedro, Obanikoro. Others are Ago Tawa, Idumagbo Avenue, Idumagbo, Ido-Oluwo and Oju Olobun A  fire incident engulfed a section of the Idumota Market in the area on Tuesday. The fire, which started…

The Minister of Power, Adebayo Adelabu, has apologized to Nigerians for saying that they keep freezers on for days due to low electricity tariffs. While speaking on Channels TV this evening, the Minister said; “Anything we have said that is considered offensive, we are sorry about that,” The minister had come under fire from many Nigerians in the last week for his comment which was considered offensive. While speaking to newsmen in Abuja, Adelabu had said that Nigerians lack the culture of electricity consumption management because of the “cheap” power supply. Read her He had made the statement after the government…

Peter Odili, former governor of Rivers, has declared Siminalayi Fubara, the incumbent governor, as the political leader of the state. Odili spoke on Thursday at the inauguration of a healthcare facility in Ogba/Egbema/Ndoni LGA that he donated to the state government. “Thanks for standing up to defend the interest of all Rivers people,” Odili, who was the governor between 1999 and 2007, told Fubara. “We are proud of you. Politics is over, it is now time for governance. You have hit the ground running. “Your government is aligning correctly with President Tinubu’s government, especially in the area of education, agriculture and…

The family of a prominent Nigerian business leader, Abimbola Ogunbanjo, who tragically lost his life in a helicopter crash in Southern California alongside five others in February, has taken legal action by filing a lawsuit on Wednesday. The lawsuit contends that the flight should have been grounded due to hazardous weather conditions. Abimbola Ogunbanjo, the former chair of the Nigerian stock exchange, was among those killed in the crash. The lawsuit, filed by Ogunbanjo’s relatives, alleges that the charter company, Orbic Air LLC, negligently flew the helicopter despite adverse weather conditions, including a “wintry mix” of snow and rain in…

The Premier League will introduce semi-automated offside technology next season in the hope of reducing the time it takes to make VAR decisions. At a shareholders’ meeting on Thursday, top-flight clubs unanimously agreed to introduce the system, which is expected to cut the average length of a VAR check for offside by about 30 seconds. “The technology will provide quicker and consistent placement of the virtual offside line, based on optical player tracking, and will produce high-quality broadcast graphics to ensure an enhanced in-stadium and broadcast experience for supporters,” a Premier League statement said. Football’s global governing body FIFA used…

The Federal Government will charge N3,000 on average per toll gate when the Lagos-Calabar coastal road is completed Nigeria’s Minister of Works Dave Umahi confirmed the figure on Thursday when he was featured on Channels Television’s The Morning Brief. “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” Umahi said on the breakfast show. “I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000,” he said.…

The Minister of Works Dave Umahi says the Lagos-Calabar coastal road construction will take eight years and cost N4bn per kilometre. Umahi spoke on Thursday while fielding questions about the project on Channels Television’s The Morning Brief. “We are looking at eight years in the life tenure of Mr President [Bola Tinubu],” he said. The minister said each kilometre of the coastal road would cost N4b but said the government’s prudence made that possible. “You know, there are other projects not awarded by me that are also going for about N4 billion per kilometre,” the former lawmaker expla “So, I will…