The operatives of Kaduna state police command have arrested a bandit/gun runner and recovered four AK47 rifles with 344 rounds of ammunition and his operational motorcycle in Zaria. The spokesperson, Muhammad Jalige confirmed the arrest in a statement issued on Sunday in Kaduna. Jalige said the renewed vigour and commitment of officers and men of the command in ensuring total compliance with the directive for domination of public space during the festive period and beyond had started yielding positive results. He explained that on December 23, at about 17:30pm, operatives attached to Tudun Wada Zaria, while on surveillance patrol at Kwarkwaron…
Author: TheStories
General Motors Co said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the carpet could catch fire after a crash where a front seat belt pretensioner deploys. The U.S. automaker said the recall covers various 2017 through 2023 model year Chevrolet Bolt EV vehicles due to rare instances of front seatbelt pretensioner exhaust gases coming in contact with floor carpeting fibers, after a vehicle crash, which could cause a fire. About 120,000 U.S. vehicles and 20,000 Canadian vehicles are impacted by the recall. Reuters
The U.S. automaker cancelled the morning shift and told all workers at its most productive manufacturing hub they could start their break Tesla on Saturday, suspended production at its Shanghai plant, an internal notice and two people with knowledge of the matter say. The development brings ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker cancelled the morning shift and told all workers at its most productive manufacturing hub they could start their break, said the people and the notice seen by Reuters. The company did not give a…
“The MPC judges that demand side pressures have recently increased, citing activity greater than the economy’s capacity, higher inflation numbers and faster growth of money supply” The Central Bank of Egypt hiked overnight interest rates by a greater-than-expected 300 basis points on Thursday, warning that inflationary pressures were building. The rate hike may signal the central bank may be preparing for a further weakening of the currency. The bank’s Monetary Policy Committee (MPC) raised the deposit rate to 16.25% and its lending rate to 17.25%, it said in a statement. “The MPC judges that demand side pressures have recently increased,”…
Egyptian government says it targets GDP growth at 5.5% in fiscal year 2023/24. Its finance minister, Mohamed Maait said this in a statement on Saturday. According to him, Egypt also aims at narrowing the budget deficit to 5% in the medium term. Reuters
For the past two weeks, the gregarious Muhammed Gudaji Kazaure, a lawmaker representing Kazaure, Roni, Gwiwa and Yankwashi Constituency of Jigawa State in the House of Representatives and one of the most vibrant members of the House, has been trending. He came out with some papers and a story that sounded like a tale by moonlight. In an interview with BBC Hausa two weeks ago, the lawmaker disclosed that he was the secretary of a Presidential Committee on the Reconciliation and Recovery of All Stamp Duties. He also alleged that critical institutions such as the Central Bank of Nigeria (CBN),…
I heartily rejoice with our Christian brothers and sisters on the occasion of this year’s Christmas. Many of us look forward to this festive season as a time to travel, share gifts, spend quality time with family and friends, attend special carols and events, and generally relive the good moments of the year. In whatever circumstances we find ourselves, Christmas is a period when we come together to rejoice and set aside our differences. For me and my family, this year’s celebration is unique. It is my last as your elected President. Twenty-two weeks from now, this administration will hand over…
Jigawa state governor, Muhammad Badaru on Friday, signed the state’s N178.5 billion budget for the 2023 fiscal year into law. Badaru signed the budget after it was passed to him by the State House of Assembly. The governor expressed satisfaction with the state budget performance in the last seven years of his administration. Badaru said that the 2023 Budget was designed to consolidate all the gains made in the last seven years, particularly in the area of physical and human capital development. “This budget will be used to complete ongoing projects and numerous new ones across the state. “In the last seven years, we…
I wish I know the real story of the naira redesign narrative. Recall that the CBN had on December 6 announced a new policy limiting over-the-counter cash withdrawals by individuals and corporate entities and asking Nigerians to accept a new reality – that future life would be spent in a cashless society. Then on Wednesday, the amounts were raised following concerns that Nigeria is a cash society and tens of millions of Nigerians are without bank accounts and have no alternative mode of payment for personal needs and petty businesses. The Central Bank has one of the best research departments…
The National Assembly (NASS) has postponed the passage of the 2023 budget until Wednesday, December 28th, 2022. The postponement may not be unconnected with Wednesday’s transmission of a supplementary bill of N819.5 billion which the upper chamber is expected to incorporate into the main appropriation budget. Meanwhile, President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila had promised that the 2023 budget would be passed on Thursday before the National Assembly (NASS) members went for Christmas and New Year break.