Author: Vera

Point News247 reports that the Rice Farmers Association of Nigeria (RIFAN) says the price of rice is about to crash RIFAN gave the assurance to crash the price of rice, stating plans have been made to launch the one million bags of rice paddy stacked as pyramids in Abuja today (Tuesday). The rice from the pyramid, which is a collaboration between the Central Bank of Nigeria (CBN) and RIFAN, will be allocated to the processors for processing, and then will be subsequently sold at discounted prices. Shehu Muazu, Chairman Pyramid Sub Committee, RIFAN, told the News Agency of Nigeria (NAN)…

Point News247 reports that lead counsel for the leader of the Indigenous People of Biafra, Ifeanyi Ejiofor, on Tuesday, unveiled Chief Mike Ozekhome SAN, as the leader of the defence team for Kanu whose trial commences today before Justice Binta Nyako of a Federal High Court in Abuja. Kanu arrived at the court at 7 am amidst tight security as operatives of the Department of State Services (DSS) frisked journalists and lawyers. In affirmation to being the leader of defence, Ozekhome said; “Yes, I’m now in the legal team and that’s why you’re seeing me in court.” Ejiofor had in…

Point News247 reports that the Nigeria’s former head coach, Sunday Oliseh has named Cameroon as a credible ‘title contender’ at the ongoing 2021 Africa Cup of Nations (AFCON). Oliseh said the 2021 AFCON host nation, Cameroon, is strong, aggressive and well organized. The former Ajax and Juventus midfielder also said that Cameroon is fun to watch with their captain Vincent Aboubakar, who has netted five goals at the tournament so far. Cameroon was the first country to qualify for the 2021 AFCON round of 16 after victories over Burkina Faso and Ethiopia. The Indomitable Lions finished on top of Group…

Nigeria’s consumer price index has increased to 15.63 percent in December 2021. Point News247 reports that this update was contained in the latest report of the National Bureau of Statistics (NBS) released on Monday. The rate is 0.23 percent points higher than the 15.40 percent recorded in November 2021. This implies that prices showed an uptick in December 2021 — but dropped when compared to the corresponding period of 2020. According to the report, increases were recorded in all Classification of Individual Consumption According to Purpose (COICOP) divisions that yielded the headline index. “On month-on-month basis, the Headline index increased…

Point News247 reports that children who had been forced to stay home due to security challenges in Zamfara state, have finally resumed school. The Zamfara State Government had on Sunday announced the reopening of some primary and secondary schools from Monday, January 17. The announcement was contained in a statement issued by Shehu Ibrahim, Acting Director, Quality Assurance in the Ministry of Education. The statement said public and private schools that were categorised as “green’’ and “yellow’’ by the ministry should resume normal academic activities.

In a bid to rid the nation of the growing epidemic of internet fraud, the Nigeria Police and the International Police (INTERPOL), have launched several campaigns which have been yielding the desired result. Point News247 reports that one of such fruits of the several intelligence gathering and investigation efforts of the joint team, led to the recent arrests of over twelve members of a hitherto prolific cartel. In a statement exclusively obtained by the National Association of Online Security News Publishers (NAOSNP) and signed by the Vice President INTERPOL (Africa) and Head, National Central Bureau Abuja, Director, DACORA, AIG (Dr)…

Nigeria’s upper legislative chamber has commenced its investigation on the National Drug Law Enforcement Agency (NDLEA) for carrying out spending which it tagged ‘security votes’ without appropriation by the National Assembly. Point News247 reports that the investigation follows audit queries issued against the NDLEA in the ‘Auditor-General for the Federation’s Annual Report on Non-Compliance/Internal Control Weaknesses Issues in Ministries, Departments and Agencies of the Federal Government of Nigeria for the Year Ended 31st December, 2019.’ The Acting Auditor-General of the Federation, Adolphus Aghughu, had presented the report to the Clerk of the National Assembly, Ojo Amos, on September 15, 2021,…

The Federal Government on Monday ordered security agencies to shoot dead and not shoot to injure any person or group of persons that attempt to attack any jail facility across Nigeria. Point News247 reports that the order was given by the Minister of Interior, Ogbeni Rauf Aregbesola, when he addressed senior officers at the Agodi Custodial Centre of the Nigeria Correctional Service (NCoS), Agodi, Ibadan, the Oyo State capital, during an official inspection tour of the facility. He stated that custodial centres of NCoS are read zones and anyone who attempts to attack any of them should be shot dead…

Point News247 reports that Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, The PUNCH has learnt. The Minister of Finance, Budget and National Planning, Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021, according to a copy of the presentation obtained by our correspondent. The new borrowing in the period under review consists of N5.1tn domestic debt and N1.6tn. The domestic debt, however, includes borrowing from the Central Bank of Nigeria, according to the presentation document. In March 2021, the…

The Lagos State Government has announced that Marine Bridge will partially close from Monday 17th January (today) to Saturday, 2nd April, 2022 for Emergency repair works on the infrastructure. Point News247 reports that this was contained in a press release issued by the Lagos State Ministry of Transportation. Commissioner for Transportation, Dr. Frederic Oladeinde stated that the partial closure was to allow the Federal Government carry out routine maintenance works on the bridge infrastructure. He further explained that the temporary closure of the bridge is in two sections, Apapa Outbound, which will be repaired between 17th January and 9th March,…