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Federal Government Plans to End Electricity Subsidy for 15% of Consumers The Federal Government has unveiled intentions to eliminate electricity subsidies for 15% of consumers, aiming to trim its hefty N3.3 trillion expenditure and save approximately N1.1 trillion annually. This announcement was made by Bayo Onanuga, the President’s Special Adviser on Information and Strategy, to […]
Today, Tuesday, the Naira experienced an upturn, reaching N1,270 per dollar in the parallel market, marking a favorable shift from last week Thursday’s N1,290 per dollar. Likewise, in the NAFEM, the Naira saw an increase to N1,278.58 per dollar. According to data from FMDQ, the indicative exchange rate for NAFEM dropped to N1,278.58 per […]
“In efforts to close Nigeria’s energy access gap, Kyari highlights NNPC Ltd’s commitment to developing essential infrastructure for oil and gas delivery, aimed at fostering prosperity for Nigerians.” Nigerian National Petroleum Company Limited (NNPCL) logo The Nigerian National Petroleum Company Limited (NNPC Ltd) underscores the pivotal role of addressing the energy access deficit in fostering […]
Britain’s King Charles III waves as he leaves St. George’s Chapel, in Windsor Castle, after attending the Easter Mattins Service, on March 31, 2024. (Photo by Hollie Adams / POOL / AFP) King Charles III, amidst his battle with cancer, made a notable appearance at an Easter church service on Sunday, accompanied by Queen Camilla. […]
Former President Obasanjo Urges Government Action on Cheap Credit and Policy Consistency for Food Production Boost Olusegun Obasanjo, Nigeria’s former president, has emphasized the critical need for the government to facilitate access to affordable credit and maintain policy consistency to empower farmers and enhance food production in the country. Obasanjo’s remarks come amidst growing concerns […]
Nigerians Celebrate as Air Peace Executes First Full London Flight Air Peace made history on Saturday with its inaugural full flight to London, utilizing a Boeing 777 for this landmark journey. The airline marked the occasion with a brief ceremony at the Muhammed International Airport (New Terminal), drawing notable figures like Festus Keyamo, Minister […]
High blood pressure, also known as hypertension, is a pervasive health concern in Nigeria. Many individuals may not fully grasp the implications of this condition, nor the steps necessary to manage it effectively. In this blog post, we’ll explore the intricacies of high blood pressure specifically within the Nigerian context, shedding light on its […]
CBN Nigerian Economy Sees $1.5 Billion Inflow in a Week Following CBN’s Interest Rate Hike After the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 percent, the Nigerian economy welcomed a $1.5 billion inflow within a week. Mrs. Hakama Sidi Ali, the Bank’s Acting Director of […]
Minister of Transportation, Saidu Alkali Federal Government Orders Rail Line Connection to Port Harcourt and Onne Ports The Federal Government has instructed the linking of the Port Harcourt-Aba rail line, currently in the final stages of construction, to the Port Harcourt and Onne Ports in Rivers State to facilitate freight operations. Senator Saidu Alkali, the […]
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 […]
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 […]