politics
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 […]
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 […]
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 […]
Chairman, RMFAC, Mohammed Bello The Revenue Mobilization Allocation and Fiscal Commission has revealed that a total of N7.3 trillion was deposited into the Federation Account between July and December 2023, indicating an increased revenue flow. The Federation Account Allocation Committee shared the amount, which was remitted to the Central Bank of Nigeria under the title […]
Chief Osita Chidoka A chieftain of the Peoples Democratic Party (PDP) and former Minister of Aviation, Osita Chidoka, has cautioned that poor decisions made at the National Executive Committee (NEC) meeting could significantly impact the party’s future. Scheduled for today (Thursday), the PDP NEC meeting will address key issues, including whether current acting National […]
Governor Yahaya Bello of Kogi State The Economic and Financial Crimes Commission (EFCC) informed the Federal High Court in Abuja on Thursday that it is determined to arrest and prosecute former Governor of Kogi State, Alhaji Yahaya Bello, for his alleged involvement in money laundering. The EFCC stated that it would not hesitate to execute […]
Victor Antai The Niger Delta Development Commission (NDDC) has confirmed the completion and connection of its newly constructed 132/33kv electricity substation in Ode-Erinje, Okitipupa Local Government Area of Ondo State, to the national grid. During an inspection of the project, Victor Antai, the NDDC’s Executive Director of Projects, hailed the substation as a landmark initiative […]
The World Health Organization logo is pictured at the entrance of the WHO building, in Geneva, Switzerland, December 20, 2021. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights “World’s First: Nigeria Leads with Groundbreaking Men5CV Meningitis Vaccine Rollout, WHO Confirms Nigeria, a Meningitis Hotspot in Africa, Pioneers Revolutionary Vaccine Deployment In a significant stride towards eradicating meningitis, Nigeria […]
National Chairman, APC, Abdullahi Ganduje The APC has inaugurated a seven-member committee tasked with overseeing the screening process for the 16 governorship aspirants who have purchased the N50 million nomination forms for the upcoming primary election in Ondo State. The ceremony, held at the national headquarters of the APC in Abuja on Friday, saw […]
“He served as a minister under former President Muhammadu Buhari but resigned to vie for the APC presidential primary.” Former Minister of Science and Technology, Ogbonnaya Onu, has passed away at the age of 72. His death was confirmed by Ebonyi State Governor Francis Nwifuru, his Imo State counterpart Hope Uzodimma, and the All Progressives […]
The 37-year-old poverty alleviation minister denied any wrongdoing when she was suspended in January.GETTY IMAGES Nigeria Recovers 30 Billion Naira in Corruption Probe, Over 50 Bank Accounts Traced In an ongoing corruption investigation, Nigeria has reclaimed 30 billion naira ($24 million; £19 million), which was found across more than 50 bank accounts, according to […]
Nigeria’s Central Bank Intensifies Efforts to Boost Foreign Exchange Liquidity, Mandates Banks to Halt Forex-Backed Loans within 90 Days In an ongoing bid to bolster foreign exchange liquidity within the economy, the Central Bank of Nigeria (CBN) issued a new directive on Monday instructing Deposit Money Banks to cease accepting foreign currencies as collateral for […]
Governor Obaseki praised the removal of Mr. Shaibu from office, asserting that the state assembly fulfilled its constitutional duty of ensuring checks and balances. Governor Godwin Obaseki of Edo State has commended the removal of his former deputy, Philip Shaibu, from office, stating that the state House of Assembly fulfilled its constitutional obligation of providing […]
Breaking: Court remands Binance executive in prison custody over money laundering Federal High Court Detains Binance Executive, Tigran Gambaryan, in Kuje Prison Tigran Gambaryan, a top official of Binance Holdings Limited, was remanded in Kuje prison by the Federal High Court sitting in Abuja on Monday. Trial Justice Emeka Nwite ordered his detention after Gambaryan […]
Breaking News: Emefiele Remanded in EFCC Custody for Alleged Abuse of Office A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was remanded in the custody of the Economic and Financial Crimes Commission (EFCC) by a Lagos State Special Offences Court sitting in Ikeja on Monday. This followed his arraignment for alleged abuse […]
Anger flared this week as Nigerians took to the streets to protest a staggering 240% increase in electricity tariffs imposed by the Federal Government. Meanwhile, the Debt Management Office remains under scrutiny as several state governors challenge its debt report, claiming inaccuracies. In another development, the impeachment proceedings against Philip Shaibu, the Deputy Governor of […]
Edo State Deputy Governor, Philip Shaibu The seven-member panel, headed by retired Justice S.A. Omonuwa and appointed by Edo State’s Chief Judge, Justice Daniel Okungbowa, opted on Wednesday to proceed with its investigation into allegations of gross misconduct against Deputy Governor Philip Shaibu. Despite objections raised by Shaibu’s counsel, Prof Oladoyin Awoyale (SAN), citing an […]
President Bola Tinubu President Bola Tinubu, on Wednesday, officially enacted the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. The bill had undergone thorough consideration by both the Senate and the House of Representatives, based on the report of the Committee on Tertiary Institutions and TETFund. In his remarks after signing […]
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 […]