Top News
CBN confirms clearance of more verified Forex liabilities backlog, releases $500m to various sectors
The Central Bank of Nigeria (CBN) said it had released US$500 million to various sectors in its determination to address the backlog of verified foreign exchange transactions. This comes barely a week after the bank paid approximately US $2.0 billion to settle outstanding commitments across manufacturing, aviation, and petroleum sectors.…
Read More »BREAKING: Tinubu off to France on ‘private visit’
Nigeria’s President Bola Ahmed Tinubu has left the country for France on a private visit, according to a statement issued Wednesday my his Media Adviser, Ajuri Ngelale. The statement did not however state the nature of the private visit and the specific date the President is expected back in the…
Read More »Gov. Aiyedatiwa Appoints Deputy Governor
A former Deputy Clerk of the National Assembly, Mr Olaide Adelami, has been named the deputy governor of the state. The State Governor, Lucky Aiyedatiwa, unveiled his deputy through a statement issued by his Chief Press Secretary, Ebenezer Adeniyan. He said the name of the new deputy governor has been…
Read More »Nigeria: FG targets 77% increase in IGR
The Minister of Finance, Mr Wale Edun, says the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR). Edun, who is also the Coordinating Minister of the Economy, said this on Wednesday in Abuja, at opening of the 2024 Strategic Management Retreat of the Federal…
Read More »Kaduna explosion claims 1 pupil, 10 injured
An explosion in Kidandan village of Giwa Local Government Area of Kaduna State has claimed the life of a pupil of an Islamiyya school while ten others have reportedly been injured. The Overseeing Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, in a statement on Saturday in Kaduna,…
Read More »Abducted Abuja Sisters Regain Freedom
The Federal Capital Territory (FCT) Police Command has announced the rescue of all the kidnapped victims in Bwari by bandits on January 2. A joint security operation comprising military, police, and intelligence operatives rescued the sisters at about 11:30 pm on Saturday around Kajuru forest in Kaduna State. FCT Police…
Read More »MTN-Glo Dispute: NCC hold MTN from disconnection of Glo Subscribers
By Abiodun Folarin The Nigerian Communications Commission (NCC), has announced an hold of the Pre-Disconnection Notice informing subscribers of the approval granted to MTN Nigerian Communications Plc. (MTN) to commence the phased disconnection of Globacom Limited (Glo) with effect from January 18, 2024 due to long-standing interconnection debt dispute…
Read More »Jaiz Bank says MD was never arrested by EFCC
Abiodun Folarin Jaizbank Nigeria Plc has reacted to media reports that its Managing Director/CEO has been arrested by the Economic and Financial Crimes Commission (EFCC) in connection with the ongoing investigation of the Ministry of Humanitarian Affairs and Poverty Alleviation. The Bank said in statement on Wednesday that at…
Read More »FG completes 63km Port Harcourt-Aba railway project
The Federal Government announced on Wednesday that it has completed the 63-kilometre Port Harcourt-Aba railway project. The Port Harcourt-Aba project is part of the larger Port Harcourt-Maiduguri railroad project initiated by the administration of President Muhammadu Buhari. Mr Fidet Okhiria, Managing Director of Nigeria Railway Corporation (NRC), revealed this information…
Read More »Why CBN Dissolves Board, Management of Union Bank, Keystone Bank and Polaris Bank
Abiodun Folarin The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank. The Apex bank disclosed this in a statment signed by its Ag. Director, Corporate Communications, Mrs. Sidi Ali Hakama, that the action became necessary due to the…
Read More »
