Author: Vardiafrica

Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency. The digital currency passed $80,000 for the first time in its history shortly after 12:00 pm (1200 GMT). It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies. “The odds that Bitcoin and crypto will become a significantly larger asset class have risen markedly,” Charles Morris, an analyst at investment company ByteTree told AFP. Bitcoin reached $75,000 on Wednesday, topping…

The estimated cost of landing Premium Motor Spirit (PMS) also known as petrol dropped by 20.34 per cent to N971.57 per litre over the past three months. This was revealed by the Major Energies Marketers Association, in its latest competency centre daily energy bulletin for November 8, 2024. The decline in landing costs on Nigeria’s shores indicated an equal reduction in global market fluctuations and supply chain factors. The decline should also result in an equal reduction in prices of PMS in the country, however, the retail price of petrol in Nigeria increased by N443 from N617 per litre on…

https://d-20316847992939269265.ampproject.net/2410161801000/nameframe.htmlhttps://d-20316847992939269265.ampproject.net/2410161801000/nameframe.html The Minister of the Federal Capital Territory, Nyesom Wike, says his administration will continue the demolition of shanties in the FCT and no amount of protest can suppress them. He stated this when he payed a visit to Ruga community along the Wuye axis of the nations capital. He explained that going forward his administration will dialogue with the occupants of shanties in the city and come up with long last recommendations which will keep them off from establishing their communities illegally. He also regarded the protest which was staged on Friday tagging the FCTA land grabbers, as misplaced…

The Chief Justice of Nigeria, CJN, Justice Kudirat Kekere-Ekun, said the Nigerian judiciary has a lot of upright knowledgeable, hardworking and courageous judges, lamenting that a few are tarnishing their reputation. Kekere-Ekun stated this at a public discourse in Lagos themed “Ethics, Morality And The Law.” The event was held in honour of Justice Habib Abiru who was recently elevated as a justice of the Supreme Court. The CJN, who was the chairperson of the event, urged all judges to remember that as individuals, each person is accountable to his or herself and to God. She emphasised that public acceptance…

 Ngozi Okonjo-Iweala has been confirmed as the sole running candidate for the director general position of the World Trade Organization (WTO).This was confirmed by Ambassador Petter Ølberg of Norway, Chair of the General Council, who informed WTO members on November 9 that no further nominations for the position of Director-General had been received by the deadline of November 8. The incumbent Director-General, Okonjo-Iweala, is therefore the only candidate for the role.Okonjo-Iweala confirmed her intention to serve a second four-year term in the role in a letter to the Chair on September 16. On October 8, the WTO formally commenced the…

Nigeria’s First Lady, Oluremi Tinubu, has flagged-off the distribution of 45,000 units of U-Lesson tablets; an educational tool for use by secondary school students in nine States across the Niger-Delta region of the country. She affirmed that the country must ensure inclusive, equitable and quality education is given to citizens especially children of school age, in line with the Sustainable Development Goals, Goal 4. Mrs Tinubu stated these at the flag-off the distribution of U-lesson tablets to primary and secondary schools in the nine States of the Niger Delta Region in Nigeria, at the State House Conference Center, Abuja on…

In reference to the court judgement withholding allocations to Rivers State, President of the Nigerian Labour Congress (NLC)Joe Ajaero has told the Nigerian judiciary not to embark on what he described as ‘a journey of self destruction’ as the union will not fold its hands and watch Rivers workers suffer unjustly. Joe Ajero who said this during the commissioning of compressed natural gas (CNG) buses for workers in Rivers State also warned that the union will not accept a situation where the price of CNG will be like that of petrol The compressed natural gas CNG buses are part of…

A batch of six graduate trainees who recently completed a one-year hands-on programme at PFL Engineering Services Limited, Port Harcourt, on Thursday received certificates at a close-out ceremony attended by Management staff of Nigerian Content Development and Monitoring Board (NCDMB) and managers of the training programme.   The Director, Monitoring and Evaluation Directorate of the NCDMB, Alhaji Abdulmalik Halilu, represented by a Manager of the Department, Mr. Mohammed Ahmed, expressed appreciation to PFL Engineering and the trainers for the quality programme which he said meets the standards stipulated by the Board. Ahmed described the training programme as part of strategic intervention by the NCDMB aimed at building the…

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday in Port Harcourt, Rivers State outlined its programmes designed to enhance local manufacturing and research and innovation, emphasising that the growth of Nigerian Content demands strengthening of in-country industrial capabilities.   Speaking at the 40th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN), Rivers and Bayelsa branch, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, said the Board is working towards a target of 70 per cent local content by 2027 and that substantial growth of manufacturing capabilities in the oil and gas industry was imperative for…

The outgoing Governor of Edo State Governor, Godwin Obaseki, on Friday, dissolved his cabinet ahead of the November 12, 2024 swearing-in of Senator Monday Okpebholo of the All Progressives Congress, APC, as the new governor of the state. Governor Obaseki dissolved his cabinet,five days to the end of his eight years of two tenures as governor of the state. He dissolved the Exco, shortly after a valedictory session held at the Government House, Benin City. The motion for the dissolution of the State Executive Council for 2020-2024 was moved by the Deputy Governor, Godwins Omobayo and was seconded by the…