News Technology

CBN Unveils Fintech Plans

The Central Bank of Nigeria (CBN) has detailed its ongoing interactions and regulatory measures for financial technology companies (fintechs). CBN Governor Olayemi Cardoso provided this explanation during a press briefing in Abuja yesterday, where he announced a new interest rate. To combat inflation and stabilize prices, the CBN raised its benchmark interest rate, the Monetary […]

News Politics

Public Funds: Minister Urges Elimination of Waste and Corruption

Minister of Finance and Coordinating Minister for the Economy, Olawale Edun The Minister of Finance, Wale Edun, has advocated for robust administrative mechanisms and reforms to eliminate waste and corruption in managing public funds. Edun made this call on Tuesday at the 4th Internal Auditors Retreat, themed “Enhancing Efficiency and Effectiveness in the Administration of […]

Health News Politics

African and America Reporting Highest Rates of Gonorrhoea and Syphilis, Says WHO

On Tuesday, the World Health Organization (WHO) revealed that new data indicate a rise in sexually transmitted diseases (STDs) in most regions, with the highest increases seen in the Americas and Africa. During his opening remarks at a virtual media briefing on global health issues, WHO Director-General Dr. Tedros Ghebreyesus highlighted the ongoing public health […]

News Politics

Governor Adeleke explains his decision to avoid loans for Osun’s development, focusing instead on responsible financial management and sustainable funding methods.

Gov Adeleke Governor Ademola Adeleke of Osun has announced that he has not taken any loans since assuming office on November 27, 2022. He shared this during the second edition of “Ipade Imole,” a forum where he reported on his governance to the people in Ilesa. Adeleke emphasized that his choice to avoid borrowing for […]

News Politics

“Tinubu Tells Samsung CEO: Combining Your Technology with Nigerian Ingenuity Offers Limitless Opportunities”

Samsung Chairman Kim expressed the company’s interest in expanding its presence in Nigeria. President Bola Tinubu emphasized Nigeria’s commitment to a fair and open investment environment based on the principle of ‘willing-buyer and willing-seller,’ ensuring investors have smooth access to capital from both domestic and international sources. The president provided this assurance during a meeting […]

Issues News

Ramaphosa Praises Mandela’s Legacy as South Africa Marks 30th Freedom Anniversary

South Africa’s President Cyril Ramaphosa President Cyril Ramaphosa of South Africa praised the anti-apartheid hero Nelson Mandela for his significant contributions to the country’s journey to freedom during the 30th anniversary celebration of democracy. In a speech at the Union Buildings in Tshwane, Pretoria, on Saturday, Ramaphosa described Mandela as “the first democratically elected president […]

News Politics

VAT revenue increased from N347 billion to N549 billion under Tinubu’s administration, according to FAAC report.

  President Bola Tinubu Between October 2023 and March 2024, the government’s revenue from Value Added Tax (VAT) rose by 58%, according to an investigation. This information is based on financial reports from the Federation Account Allocation Committee (FAAC) during the specified period. In a statement on November 22, 2023, from the Ministry of Finance’s […]

Issues News Politics

The Federal Government has announced that the NCAA will audit all local airlines. This decision comes after Dana Airlines was suspended when one of its planes skidded off the runway at Lagos airport.

Photo illustration of Aviation Minister, Festus Keyamo, and an airport The Federal Government has announced that the Nigerian Civil Aviation Authority (NCAA) will conduct a thorough audit of all local airlines across the country. Aviation and Aerospace Development Minister Festus Keyamo revealed this during an interview on Channels Television’s “Politics Today” on Thursday. He emphasized […]

Issues News Politics

“Court Orders Arrest of Former NILS Director General for Ignoring ICPC Summons”

Prof. Ladi Hamalai A Federal High Court in Apo, Abuja, has issued an arrest warrant for Professor Ladi Hamalai, former Director General of the National Institute for Legislative and Democratic Studies. This decision stems from Hamalai’s repeated failure to appear in a corruption case brought against her by the Independent Corrupt Practices and Other Related […]

News Politics

“Lukman: Kwankwaso’s Presidential Ambitions in NNPP Unlikely”

Salihu Lukman, a former National Vice Chairman of the All Progressives Congress (APC), has dismissed Rabiu Kwankwaso’s presidential aspirations as a ‘mirage.’ Kwankwaso, the former governor of Kano and 2023 presidential candidate of the New Nigeria People’s Party (NNPP), lacks the nationwide support necessary for a successful bid for the presidency, Lukman stated in an […]

Issues News Politics

President Bola Tinubu calls for significant reforms in Nigeria’s justice sector.

President Bola Tinubu President Bola Tinubu has called for reforms to help Nigerians benefit more fully from the justice sector. Tinubu made these remarks on Wednesday in Abuja at the opening of the two-day National Summit on Justice 2024, hosted by the Federal Ministry of Justice in partnership with the European Union, International IDEA, UNICEF, […]

Issues News Politics

Nigeria Air: Former Aviation Minister Sirika Arrested by EFCC for N8bn Fraud

Hadi Sirika The Economic and Financial Crimes Commission (EFCC) has arrested Hadi Sirika, former Minister of Aviation under President Muhammadu Buhari’s administration, in connection with an ongoing N8 billion money laundering investigation related to Nigeria Air. Sirika arrived at the EFCC’s Federal Capital Territory Command around 1:00 pm on Tuesday. He is currently under questioning […]

News Sports

Okoku Urges NFF to Choose New Eagles Coach Carefully

Okoku Former Nigeria midfielder Paul Okoku believes the next Super Eagles head coach should have a strong track record of nurturing young talent and promoting an aggressive attacking style of play. In a phone interview, Okoku—who served as the U-20 assistant captain at the 1983 U-20 World Cup in Mexico—expressed this view amid differing opinions […]

Business News

Dangote Reduces Diesel and Aviation Fuel Prices to N940, N980

Aliko Dangote Dangote Petroleum Refinery announced on Tuesday a further reduction in the prices of diesel and aviation fuel to N940 and N980 per liter, respectively. This price cut follows a celebrated decrease to N1,000 just two weeks prior. Customers purchasing five million liters or more from the refinery will benefit from the N940 price […]

Issues News Politics

“Banks Withholding N530bn of CBN Funds; Cardoso May Order Refund in Emefiele’s Social Programmes”

Ex-CBN Governor Godwin Emefiele Approximately N531.4 billion in Central Bank of Nigeria intervention funds remains unused within the accounts of nine deposit money banks, according to findings . The situation follows the suspension of all CBN intervention funds by the current governor of the apex bank, Olayemi Cardoso. Upon taking office, Cardoso ceased all development […]

News Politics

“APC Labels Anti-Ganduje ‘Ward Excos’ as Impostors”

APC National Chairman, Ganduje The Executive Committee members of the All Progressives Congress (APC) in Ganduje Ward of Dawakin Tofa local government area in Kano state have labeled as impostors the individuals who announced the “suspension” of APC National Chairman Dr. Abdullahi Umar Ganduje on Sunday. According to the party, after an unsuccessful attempt to […]

Issues News Politics

“President Tinubu to Inaugurate African Counter-Terrorism Summit in Abuja”

President Bola Tinubu will kick off the African Counter-Terrorism Summit in Abuja on Monday, April 22. Supported by the United Nations Office of Counter-Terrorism (UNOCT), Nigeria is hosting a high-level summit themed “Strengthening Regional Cooperation and Institution Building to Address the Evolving Threat of Terrorism” from April 22 to April 23. The summit aims to […]

News Politics

“First Bank Names New Managing Director and CEO”

First Bank First Bank of Nigeria has appointed Olusegun Alebiosu as its acting managing director. Alebiosu has served as the bank’s executive director and chief risk officer since 2022 and has been with the bank for nearly 30 years. His extensive experience includes credit marketing, trade, corporate and commercial banking, and credit risk management. He […]

Issues News Politics

Musicians support EFCC, endorse ban on spraying naira

Some musicians have expressed support for the recent enforcement by the Economic and Financial Crimes Commission (EFCC) to ban the abuse of the Naira. While the ban on spraying money at parties was initially perceived as potentially affecting musicians, several artists, including Wasiu Alabi (Pasuma), Saheed Osupa, and Adewale Ayuba, see it as a positive […]

News Opinion Politics

Ribadu accuses Tinubu of strategically appointing Northerners to key positions.

    National Security Adviser Malam Nuhu Ribadu stated that President Bola Tinubu deliberately appointed northerners to key positions to address challenges in the region. Ribadu made this statement during a lecture on “Navigating The Maze: Addressing Multi-Dimensional Insecurity Challenges In Northern Nigeria” at Usmanu Danfordiyo University, Sokoto’s combined convocation. Ribadu emphasized that the North […]