Witty Global blog

  The Nigerian Exchange Limited rebounded on Tuesday, recording an N2bn gain for investors. The All-Share Index also appreciated by 11.54 base points to 51, 138.92, pushing the year-to-date returns marginally to 0.22 per cent at the end of trading. Market activities showed trade turnover strengthened relative to the previous session, as the volume and value of transactions surged by 703.18 per cent and 220.17 per cent, respectively. Similarly, investors’ sentiment as measured by market breadth improved, leading to 21 gainers against 21 decliners. A total of 1.82bn units of shares valued at N5.02bn were exchanged in 4,669 deals on the NGX. Indigenous conglomerate Transcorp led the volume and value chart with 1.60bn units traded in deals worth N3.09bn. Buying interests were also recorded in the shares of Nigerian Breweries (+1.10 per cent) and GTCO (+0.60 per cent). Performance across indices was largely bearish as the insurance, banking and industrial goods indices declined by 1.43 per

  Policemen have arrested a Point of Sale operator who reportedly went on a spending spree after N280m was erroneously transferred to his account by a commercial bank. The POS operator, identified as Alfa Rafiu, was arrested by the police on Monday in Ilorin, Kwara State capital. PUNCH Metro  gathered that the suspect is a resident of the Akuji compound, the Abayawo area in the Ilorin West Local Government Area of the state. According to sources in the area familiar with the issue, Rafiu went on a spending spree after he received the alerts in batches some weeks back. But instead of him to draw the attention of the bank that mistakenly transferred the huge fund, he went on a spending spree.“Rafiu bought houses and cars and sponsored people to lesser Hajj. Although he was generous to several people in the community, some residents were surprised about his sudden wealth as a POS operator,” one of the sources said. It was further gathered that the bank auditors later discovered the error

  The World Health Organisation, on Tuesday, said the violence that broke out in Sudan on Saturday had claimed  270 lives while about 2,600 people had been injured. The Director General of WHO, Dr Tedros Ghebreyesus, said this at a virtual press briefing on Tuesday. Over the weekend, violence had broken out in Sudan between the nation’s two top generals, trapping millions of people. The Sudanese army and the Rapid Support Forces have, however, agreed to a 24-hour ceasefire after numerous calls for a halt to the clash. Ghebreyesus said, “Tragically, three workers from the World Food Programme have also been killed. I condemn all loss of life, and we stand in solidarity with our brothers and sisters in Sudan. The heaviest fighting is currently in Khartoum.“The supplies that the WHO distributed to health facilities before this recent escalation of conflict are now exhausted. Hospitals in Khartoum receiving injured civilians report shortages of medical personnel and life-saving medical sup

  It was an unprecedented moment on Sunday when Senator Aisha Dahiru, popularly known as Binani, was declared the Adamawa State gubernatorial election winner. The Resident Electoral Commissioner, REC, Barrister Hudu Yunusa, shocked the nation with what many had described as a coup when he usurped the power of the Returning Officer to declare Binani, winner of the State guber election. Recall that a supplementary election was conducted in 69 polling units in Adamawa on Saturday in places it was not held during the March 18 gubernatorial election.  Before her declaration, Binani was trailing behind Governor Ahmadu Fintiri of the Peoples Democratic Party, who had maintained a margin of 31,249 votes. Fintiri scored 421, 524 votes ahead of Binani, who polled 390, 275 votes before Saturday's supplementary poll. With 10 local government areas collated, the exercise was adjourned till 11 am on Sunday. But as early as 9 am, the REC appeared, with a cover provided by the commissioner of poli

  Under the auspices of Afenifere Yoruba Youth Organisation of Nigeria, some youths  staged a protest in Akure, the Ondo State capital, on Tuesday,  against the leadership of the acting leader of the pan-Yoruba socio-political association,  Afenifere,  Pa Ayo Adebanjo. The protesters, who stormed the residence of the group's National Leader,  Pa Reuben Fasoranti, in Akure, said they had passed a vote of no confidence in Adebanjo's leadership. They carried placards with various  inscriptions, such as 'Pa Fasoranti, pls revoke the mandate you gave Pa Adebanjo now;' 'Our vote of no confidence stands;' 'Afenifere must be restructured now;' 'Pa Fasoranti, please rescue Afenifere;' 'Ayo Adebanjo must go;' 'Pa Ayo Adebanjo: time to step aside from Afenifere.' Speaking, the leader of the protesters,  Eric Oluwole,  said the group considered Fasoranti as the authentic national leader of the Afenifere and called on Adebanjo to immediately s

  The 2023 general election in Nigeria has come and gone, but the discussion of hope continues. Apart from the renewed hope agenda of the Bola Ahmed Tinubu of the  APC, they have been statements of hope from one of the major opposition parties, the Labour Party, by its presidential candidate of the just concluded presidential election, Mr Peter Obi, who, according to Zahara Reporter assuring his supporter of perfect light at the end of the tunnel, following his petition at the election tribunal challenging the constitutional bridges by the Independent National Electoral Commission declaration of Sen. Bola Ahmed Tinubu as the winner of the 25 February 2023 election, Sahara Reporter quoted that Mr Peter Obi of saying that he is capable of victory at the end, The question is, does Mr Peter Obi have confident on the judiciary?   He reiterated his commitment to a "Nigeria that will benefit every Nigerian". The candidate of the Labour Party in the 2023 presidential election, Mr Pe

 Mr Peter Obi, the Presidential candidate of the Labour Party for the 25th February 2023 election, has advised his supporters to remain law-abiding, according to THE NATION'S NEWS, which stated how Peter Obi advised taking attacks as a sacrifice for a new Nigeria. Is it patriotism? You can recall that the Nigeria minister of information, Mr Lai Mohammed, alleged while addressing some international media organisations in Washington DC on the 2023 general elections accusing Mr Peter Obi of a treasonable felony. What do you think about this advice ? Let Your Voice Be Heard T he Labour Party (LP) presidential candidate in this year's general election, Mr  Peter Obi , has urged his supporters to bear the attacks they receive as a sacrifice for a new Nigeria.  In a series of tweets yesterday, Obi said he and his running mate, Datti Baba-Ahmed, were pained that their supporters, popularly called 'Obidients', were being attacked because they chose to stand by them.  The former

 I will describe the debate between  NUPENG,  PENGASSAN   and  IPMAN as a permutation for a usual hide-and-seek regime; I will call it a pretentious callus for these bodies to imagine their position on the issue of subsidy; it is a shameless act, and even more saddened that most organisation are requesting for years of experience before employment for efficient output, but here we are with an organisation like NUPENG that was established. 1977 and IPMAN have launched just a year after; in 1978, over 40 years can not present the government with a policy framework that could reprogram our petroleum industry ssystem'scollapse. According to this news by PUNCH, I want to believe that these organisations lack moral justification to debate the issue of the subsidy regime because, directly or indirectly, they are the benefits of the scam, according to Muhammadu Sanusi, the former CBN  Governor. Nigerians, let your voice be heard by Itoro Uwah SPEAK-UP You may recall that there is an ongoin

 You may recall that Nigeria Reps. Has advanced on its Bill to prevent Nigerian-trained health workers from seeking greener pastures abroad early, according to the Bill that is sponsored by the member representing Oshodi/Isolo II Federal Constituency of Lagos State, a member of the ruling party, the APC, Hon. Ganiyu Johnson, that the Bill is to act as an amendment of the Medical and Dental Practitioal Act, has included conditions of mandatory five years practice before full qualification license, as a way of giving back to the country. In what may be regarded as a swift reaction or adherence, the UK Government has announced the restriction of recruitment of health workers from Nigeria, and other countries, according to this story from Channeltv.com. The United Kingdom has stopped "active recruitment" of skilled and experienced health and social care personnel from Nigeria and 53 other countries globally, most of which are African nations.  In its updated 'Code of Practice

  Omeiza Ajayi, Abuja National Vice Chairman, Northwest, of the ruling All Progressives Congress APC, Salihu Moh. Lukman has raised the alarm over the activities of aspirants for the leadership of the 10th National Assembly, who he accused of bribing the party’s National Working Committee NWC.

  The Coalition of South East Youth Leaders, COSEYL, has tackled the Minister of Information and Culture, Mr. Lai Mohammed, over his recent allegations against the presidential candidate of the Labour Party, Peter Obi. Recall that the Minister, who addressed the media on Tuesday in Washington DC, accused the LP candidate and his running mate, Datti Baba-Ahmed, of inciting violence over the outcome of the February 25 poll, saying it is treasonable. COSEYL, in a statement issued by its President-General, Goodluck Ibem, claimed that Obi and Datti were innocent of the allegations. The coalition described the allegations as hate speech, stressing that the Minister wanted to cause a crisis in the country. “It is laughable that a man of Lai Mohammed’s standing, who is supposed to portray the good image of the Nigerian state outside the nation, is de-marketing his own country just for his own selfish political benefits and that of his political party, the All Progressives Congress, APC. “Lai M

  The Reserve Bank of New Zealand (RBNZ) has surprised buyers and economists by lifting the Official Cash Rate (OCR) via 50 basis factors to 5.25% from 4. Seventy five%. This is the highest it's been when you consider 2008, having increased 500 basis factors in 11 hikes, seeing that August 2021 is the quickest and most significant economic coverage tightening on the report. Economists and investors have been almost universally anticipating a 25-foundation point increase in Wednesday's monetary coverage evaluation, with some suggesting it would be the closing of this cycle. After the statement, the NZ dollar jumped nearly 1%, from US63.0 cents to US63.7 cents, and authorities' bond yields additionally rallied.  Wholesale hobby costs had been declining at some point in March as traders expected remote places banking stress might deter the relevant financial institution from growing costs as a great deal as deliberate. The RBNZ's monetary policy committee was not thrilled

  Mumbai: Apple's first professional save in India has discovered its exterior presence in Mumbai, a milestone for the organization looking to amplify its presence in one of the world's fastest-developing phone markets. The employer's brick-and-mortar retail footprint so far has been confined to resellers. The keep, located in the Bandra Kurla Complex (BKC) in Mumbai, will soon open its doors to clients. "Inspired through the enduring Kaali Peeli taxi artwork unique to Mumbai, the Apple BKC innovative includes colorful interpretations of the decals mixed with many Apple products and services to be available for our clients to discover," the enterprise said. It will offer various services and products, which include the modern iPhone 14 models, MacBooks, iPads, AirPods, Apple Watches, Apple TVs, and HomePods. Customers may also be capable of accessing Apple's storied alternate-in application. The launch of the Apple Store in India comes after years of regulator