CBN Warns Banks, FX Dealers Against Rejecting Lower Dollar Denominations and Old Bills The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorized forex dealers, advising them against rejecting old and lower denomination dollar bills from customers. This directive follows numerous complaints from customers after the CBN conducted […]
He urged the government to safeguard existing businesses, particularly manufacturers, by creating a conducive environment for their growth. Dangote Criticizes CBN’s Interest Rate Hike Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has criticized the Central Bank of Nigeria’s (CBN) recent interest rate hike to nearly 30%. Speaking at the opening session of […]
In an effort to fortify healthcare delivery in Nigeria, the Medical Women’s Association of Nigeria (NWAN) and other stakeholders have encouraged medical practitioners to collaborate. At the Women in Medicine, Health, and Wellness conference of the association, which was held in Abuja on Thursday and was themed “Strengthening Networks for Prompt Diagnosis and Care,” the […]
Renowned professor of International Law and Deputy Vice-Chancellor (Academic) at the University of Abuja, Aisha Sani Maikudi, has been appointed acting vice-chancellor by the University Senate. The announcement, made on Thursday by Dr. Habib Yakoob, Acting Director of the Directorate of Information and University Relations, stated, “Her appointment was announced following her nomination at the […]
In two months, Nigerians will begin utilizing the proposed three-in-one identity card, the National Identity Management Commission (NIMC) has confirmed. The single multipurpose card, combining identity, financial, and social services, will be available to citizens nationwide by August this year. A high-ranking member of the implementation team, who requested anonymity, disclosed the new information during […]
The Federal High Court previously ruled that Bayero has the jurisdiction to be heard. A Federal High Court has fined the Kano government ₦10 million for violating the rights of deposed Emir Aminu Bayero. This decision follows Justice Liman Mohammed’s declaration that Bayero has the jurisdiction to be heard. On Thursday, Justice Mohammed delivered the […]
The Appeal Court ruled that the trial judge did not extend the Orders of February 9th in the final Judgment issued on April 17th. EFCC Chairman, Ola Olukoyede The Court of Appeal has set aside contempt proceedings initiated by former Kogi State Governor Yahaya Bello against the Chairman of the Economic and Financial Crimes Commission […]
USAID Logo The Momentum Safe Surgery in Family Planning and Obstetrics project, funded by the United States Agency for International Development (USAID), reached over 1,566 Vesicovaginal Fistula (VVF) patients between 2021 and 2024 across Bauchi, Ebonyi, Kebbi, Sokoto, and the Federal Capital Territory. USAID reported that the project trained more than 350 health workers across […]
NLC: No Agreement Reached on Minimum Wage The NLC President, Joe Ajaero, and others. Organised Labour has refuted President Bola Tinubu’s claims that an agreement on a new national minimum wage was reached, as stated in his Democracy Day address. In his broadcast marking Democracy Day 2024, Tinubu announced that a consensus had been achieved […]
An armed robbery took place at the residence of a police officer stationed at the Force Headquarters in Abuja, located in the Lugbe area of the FCT. photo of police operatives. On Wednesday, police authorities announced the dismantling of a cartel dealing in jewellery worth billions of naira, obtained through armed robberies in Abuja and […]
Governor of Kaduna State Uba Sani. He stated that his decision was in accordance with the prerogative of mercy powers granted to him by Section 212 of the 1999 Constitution of the Federal Republic of Nigeria To mark this year’s Democracy Day and celebrate his first year in office, Kaduna State Governor Uba Sani has […]
During a plenary session on Tuesday, the House of Representatives received a report from the Public Accounts Committee on the investigation into the disbursement and management of COVID-19 funds. Chairman of the Committee, Bamidele Salam, presented the report, which covers the period from 2020 to 2022, during a session presided over by Deputy Speaker Benjamin […]
President Bola Tinubu has appointed retired Deputy Inspector-General of Police Hashimu Argungu as the new chairman of the Police Service Commission, ending the tenure of retired Inspector General of Police Solomon Arase. The appointment was announced on Monday by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, in a statement titled “President Tinubu […]
President Bola Tinubu The Presidency has clarified that two fiscal policy documents circulating widely in mainstream and social media are not official. Bayo Onanuga, Special Adviser to the President on Information and Strategy, stated this in Abuja on Thursday. He noted that one document, titled “Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order […]
Nigeria’s current account balance has risen to $1.432 billion in 2024, despite the economic downturn impacting the country, according to the International Monetary Fund’s World Economic Outlook. The IMF data suggests a positive outlook for Nigeria’s economic growth and stability, reflecting a growing economy with increasing investment and savings, even amid eroding investor confidence. Nigeria’s […]
NAFDAC DG, Prof. Mojisola Adeyeye The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its warning against using hazardous chemicals to preserve food items. The agency has specifically banned dichlorvos, a chemical often used by traders to prevent food spoilage, due to its severe health risks. In a statement signed by […]
On Monday, the Naira saw significant appreciation in the official market, trading at N1,339.33 to the dollar. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N143.48, a 9.67 percent increase compared to the previous trading day, Friday, May 24, 2024, when it traded at […]
Nobel Laureate, Professor Wole Soyinka, has announced that he may reapply for the restoration of his US permanent residency following the conviction of former US President Donald Trump. On Thursday, Trump was convicted on all 34 charges of falsifying business records to conceal a payment meant to silence porn star Stormy Daniels. In 2016, Soyinka […]
Labour Party Caucus Criticizes Tinubu’s Leadership Amid Economic Decline The Labour Party (LP) Caucus in the House of Representatives has expressed concern over Nigeria’s economy, which they claim has been in a “dangerous free fall” since President Bola Tinubu assumed office a year ago. In a statement signed by their leader, Afam Ogene, the lawmakers […]
Metal Manufacturing Nigeria Limited (MMNL) Expands to Dominate Tubular Battery Market and Diversify Ventures Metal Manufacturing Nigeria Limited (MMNL) is not just Nigeria’s largest tubular battery company; it is also diversifying into multiple business verticals, including backward and forward integration and mining, to stay ahead of its competitors. To meet the rapidly growing demand in […]