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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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
A photo combination of Bolaji Agbede (left) and Herbert Wigwe. Access Holdings Plc has named Bolaji Agbede as the Acting Group Chief Executive Officer in the wake of Herbert Wigwe’s passing. Wigwe, who previously held the position of Group Chief Executive Officer, tragically lost his life in a helicopter accident in the US over the […]