NDDC MD, Samuel Ogbuku The Niger Delta Development Commission (NDDC) has initiated the monitoring and evaluation of recipients of its Foreign Post Graduate Scholarship program to assess their academic advancement and well-being in the United Kingdom. Dr. Samuel Ogbuku, the Managing Director of NDDC, announced this during a meeting with the scholars from NDDC […]
Author: c4bn
Tinubu Establishes Economic Coordination Council; Appoints Dangote and Elumelu as Members
Tinubu Establishes Presidential Economic Coordination Council and Economic Management Team Emergency Taskforce ABUJA — President Bola Tinubu unveiled the establishment of the Presidential Economic Coordination Council (PECC) and the formation of the Economic Management Team Emergency Taskforce (EET) on Wednesday. This move, aimed at enhancing the nation’s economic governance structures, was disclosed through a statement […]
Nadeem Anjarwalla, a British-Kenyan executive involved in the Nigeria Binance dispute, successfully evades custody, raising questions about the effectiveness of the legal system in resolving the ongoing conflict.
Binance executive Nadeem Anjarwalla was first detained in Nigeria last month According to Nigerian authorities, an executive from the cryptocurrency company Binance has reportedly fled custody in Nigeria. Nadeem Anjarwalla, a dual national of British and Kenyan origin, was apprehended in February alongside his colleague Tigran Gambaryan from the United States. The arrests occurred during […]
CBN Offloads Forex to BDCs at N1,251/$1 Amid Naira’s Recovery The naira had plummeted to record lows over recent months, dropping from approximately N700/$1 last May to around N2,000/$1 in January, before showing signs of appreciation in March.
A man exchanges Nigeria’s currency, the Naira, for US dollars in Lagos, Nigeria. (Photo by PIUS UTOMI EKPEI – AFP) Amidst months of unprecedented uncertainties, the Naira gradually appreciates against the dollar, prompting the Central Bank of Nigeria (CBN) to announce the sale of $10,000 to each eligible Bureau De Change (BDC) operator in […]
Federal Executive Council Approves N1.5 Trillion Road Projects and N140 Billion Agricultural Loan
Federal Government Deducts Over N415bn from State Allocations to Service External Loans According to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics, the Federal Government has deducted over N415 billion from state government allocations to service their external loans. These deductions occurred between 2019 and 2023 from […]
“Atiku Responds to Bandit Attacks in Niger Community, Denouncing Nigeria as a Battlefield”
Former Vice-President Atiku Abubakar has responded to the recent assault resulting in the tragic death of a village leader and numerous residents in Rafi Local Government Area (LGA) of Niger State. The attack, carried out by bandits, claimed the lives of at least 21 individuals, including the village head, during a raid on a market […]
Delta State Governor Visits Struggling Community Amid Media Restrictions
Governor Oborevwori Visits Okuama After Tragic Incidents Following the tragic killings of both military officers and civilians in the Okuama community of Ughelli South Local Government Area, Governor Sheriff Oborevwori embarked on a visit to assess the damage firsthand. Despite his intentions to engage with the community, journalists were denied access by the military Joint […]
Tinubu Urges Chief of Defence Staff to Uncover Perpetrators of Soldiers’ Deaths in Okuoma
ABUJA — President Bola Tinubu has instructed the Chief of Defence Staff to ensure swift action in identifying and punishing those accountable for the brutal killing of soldiers in Okuoma, Delta State. Expressing profound dismay over the incident, President Tinubu extended his condolences to the families, colleagues, and loved ones of the fallen soldiers. In […]
Breaking News: Tinubu Appoints New Director General of NEMA
President Bola Tinubu President Bola Tinubu has appointed Mrs. Zubaida Umar as the new Director-General of the National Emergency Management Agency (NEMA), replacing Mustapha Ahmed who was appointed by former President Muhammadu Buhari in May 2021. The Presidency highlighted that Umar’s appointment reflects President Tinubu’s commitment to gender inclusion, as stated in a press release […]
Atiku Joins Calls for Probe into Alleged N3 Trillion Budget Padding
Former Vice President Atiku Abubakar Calls for Investigation into Alleged N3 Trillion Budget Padding Atiku Abubakar, former Vice President and presidential candidate in the 2023 elections, has urged for a thorough investigation into allegations of N3 trillion padding in the 2024 budget. He criticized the Nigerian Senate’s decision to suspend Senator Abdul Ningi, whom he […]
Yahaya Bello: Kogi Government Accuses EFCC of Pursuing Political Agenda Instead of Combating Corruption
Governor Yahaya Bello Calls for President Tinubu to Investigate EFCC’s Activities in Kogi The Kogi State Government has urged the Economic and Financial Crimes Commission (EFCC) to clarify the motive behind its relentless pursuit and public trial of the former Governor, Yahaya Bello. The government emphasized that there were no missing funds during Bello’s tenure […]
Witness Details Alleged Contract Awards to Emefiele’s Wife and In-Law
In January, during his re-arraignment, the former CBN governor refuted the accusations. photo of former CBN Governor, Godwin Emefiele. A prosecution witness at the Federal Capital Territory High Court in Maitama recounted how former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, currently facing trial for fraud and corruption charges, allegedly awarded 45 contracts totaling […]
Senate Suspends Abdul Ningi for Three Months Amid Allegations of N3.7 Trillion Budget Padding
Senator Abdul Ningi On Tuesday, the Senate imposed a three-month suspension on Senator Abdul Ningi due to his involvement in budget padding allegations. The Senate has taken the decision to suspend Senator Abdul Ningi, former Senate Deputy Leader and Chairman of the Northern Senators Forum, for a period of three months. During this time, he […]
Hundreds of mourners gather as the burial ceremony for Wigwe takes place in Rivers.
The funeral service is being held at the Redeemed Christian Church of God, Lion of Judah parish, Isiokpo, where mourners have gathered to pay their respects. In the heart of Isiokpo community within the Ikwere Local Government Area of Rivers State, hundreds have gathered to bid farewell to the late Chief Executive Officer of Access […]
“N1.2bn Fraud Scandal: Tinubu Takes Action, Suspends Rural Electrification Agency’s Top Officials”
President Bola Tinubu has taken decisive action by suspending the Managing Director/Chief Executive Officer, Ahmad Salihijo, and three Executive Directors of the Rural Electrification Agency, citing new findings from a comprehensive investigation into financial activities. The State House, through a statement from Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, announced the suspension on […]
Access to generic drugs provides affordable treatment options for Nigerians.
Many developing countries, including Nigeria, face the challenge of rising drug prices, posing a major concern for their citizens. The increasing cost of medication has made access to essential drugs more difficult for many Nigerians. The upward trend in drug costs has rendered necessary medications unaffordable for a large portion of the population. This consistent […]
“Government Resumes Cash Transfers to Alleviate Hardship: 12 Million Nigerians to Benefit” 2 / 2
During a retreat held by the Ministry of Finance in Uyo, Akwa Ibom state on Wednesday, Minister Wale Edun announced President Bola Tinubu’s administration’s decision to reintroduce direct cash transfers aimed at aiding 12 million Nigerians amidst the prevailing hardship in the country. Originally designed to assist 3 million citizens, the project’s scope has been […]
“Cement Manufacturers Slash Prices in Agreement””Federal Government and Cement Manufacturers Strike Price Reduction Deal at Abuja Meeting”
File photo combo of bags of cement Nigerian Cement Manufacturers Commit to Price Reduction, With Federal Government Intervention Cement manufacturers in Nigeria have pledged to lower the price of their product, targeting a range between N7,000 and N8,000 per 50kg bag, varying by location nationwide. This agreement, struck between the manufacturers and the Federal […]
“Central Bank of Nigeria Restricts Foreign Oil Firms from Repatriating 100% FX Proceeds Instantaneously”The central bank announced that international oil companies are permitted to repatriate 50% of their proceeds initially, with the remaining half available for repatriation after a 90-day period.
The Central Bank of Nigeria (CBN) has implemented new regulations preventing international oil companies from transferring 100% of their foreign exchange proceeds to their parent companies overseas in a single transaction. Instead, the apex bank has directed that these companies can initially repatriate 50% of their proceeds, with the remaining half available for repatriation after […]
“N3.5 Billion Scandal: Peter Obi Calls for Investigation into Labour Party Campaign Funds”
Peter Obi Labour Party Presidential Candidate, Peter Obi, Urges Probe into Alleged Financial Misconduct Peter Obi, the presidential candidate of the Labour Party (LP), has called for a comprehensive investigation into the accusations of financial impropriety directed at the National Chairman of the Party, Comrade Julius Abure. Obi made this appeal during a media […]