Workers Day: FG declares May 1st public holiday
April 30, 2024
The Federal Government has declared Wednesday, May 1, 2024, a public holiday to commemorate this year’s Workers’ Day celebration. The Minister of Interior, Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, re-iterated the need for excellence, efficiency and equity in all spheres of labour. Ojo reaffirmed the President Bola Ahmed Tinubu-led […]
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The association’s Depot Chairman, who said the threat was with the backing of the national leadership, claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known […]
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The Minister of Power, Adebayo Adelabu, said any customer on Band A who is not currently enjoying 20-hour electricity, would not pay the new tariff. The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff on Band A customers. The lower chamber agreed upon […]
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“With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs. The Minister of Power Adebayo Adelabu has categorically told Nigerians to embrace the tariff increase or prepare for complete power outages. Adelabu issued the caution on Monday, stating that if the planned […]
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The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The Economic and financial Crimes Commission, EFCC, will on May 15 arraign the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele in a Federal Capital Territory high court on a […]
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In a recent report from the National Drug Law Enforcement Agency, over 40 per cent of Nigerian youths engage in drug abuse, with a sizeable number being women. The Chairman of the House of Representatives Committee on Women Affairs and Social Development, Kafilat Ogbara, has called for the declaration of an emergency on the […]
… Fuel scarcity: Marketers threaten to withdraw services over N200bn debt
The association’s Depot Chairman, who said the threat was with the backing of the national leadership, claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known […]
… Naira Redesign: EFCC to Bring Emefiele to Court on New Charge May 15.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The Economic and financial Crimes Commission, EFCC, will on May 15 arraign the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele in a Federal Capital Territory high court on a […]
… Reps Call For Emergency Action On Drug Abuse Among Women
In a recent report from the National Drug Law Enforcement Agency, over 40 per cent of Nigerian youths engage in drug abuse, with a sizeable number being women. The Chairman of the House of Representatives Committee on Women Affairs and Social Development, Kafilat Ogbara, has called for the declaration of an emergency on the […]
… Reps Advise NERC to Pause Implementation of New Tariff.
The Minister of Power, Adebayo Adelabu, said any customer on Band A who is not currently enjoying 20-hour electricity, would not pay the new tariff. The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff on Band A customers. The lower chamber agreed upon […]
… The Power Minister Warns: Without Tariff Increase, Nigeria Faces Impending Darkness
“With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs. The Minister of Power Adebayo Adelabu has categorically told Nigerians to embrace the tariff increase or prepare for complete power outages. Adelabu issued the caution on Monday, stating that if the planned […]
… Naira Redesign: EFCC to Bring Emefiele to Court on New Charge May 15.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The Economic and financial Crimes Commission, EFCC, will on May 15 arraign the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele in a Federal Capital Territory high court on a […]
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Cardoso: CBN Has No Plans to Intervene in Forex Market, Remains Dedicated to Market-Driven Ex Rates
Cardoso: CBN Has No Plans to Intervene in Forex Market, Remains Dedicated to Market-Driven Ex Rates
Cardoso pointed out that liquidity was returning to the FX market, signalling growing confidence and activity in the Nigerian economy. THE Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Wednesday reiterated the apex bank’s stance of not intervening in the foreign exchange (FX) market, insisting that the regulator remains firm in […]
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FG begins disbursement of N200bn palliative loans
The Ministry of Industry, Trade and Investment has said it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country. In […]
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Meghan Markle, Prince Harry to Visit Nigeria Briefly After London Trip
The Duke and Duchess of Sussex are due to travel to the West African nation as part of their work surrounding the Invictus Games Meghan Markle and Prince Harry have announced they will travel to Nigeria in May 2024, days after the Duke is due to visit London to mark the 10th anniversary of the […]
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War: UN Human Rights Office restraint in Middle East
U.S. media have widely reported that Israel fired at least one missile at Iran early Friday, but Iran downplayed the report, saying that no major damage was inflicted. The United Nations, UN, Human Rights Office has appealed to all parties to exercise restraint following a suspected Israeli attack on Iran early Friday. The […]
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Kenyan Defence Chief, Ogolla and 9 others killed in Helicopter crash
The helicopter crashed shortly after takeoff from Chesegon, where he and his entourage had been visiting a school. A helicopter crash has claimed the life of Kenyan Defense Chief, Francis Ogolla and nine other high-ranking officials. According to President William Ruto the incident occurred in a remote section of the country on Thursday. […]
… Reps Advise NERC to Pause Implementation of New Tariff.
The Minister of Power, Adebayo Adelabu, said any customer on Band A who is not currently enjoying 20-hour electricity, would not pay the new tariff. The House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff on Band A customers. The lower chamber agreed upon […]
… The Power Minister Warns: Without Tariff Increase, Nigeria Faces Impending Darkness
“With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs. The Minister of Power Adebayo Adelabu has categorically told Nigerians to embrace the tariff increase or prepare for complete power outages. Adelabu issued the caution on Monday, stating that if the planned […]
… Naira Redesign: EFCC to Bring Emefiele to Court on New Charge May 15.
The anti-graft agency also accused Emefiele of unlawfully approving the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The Economic and financial Crimes Commission, EFCC, will on May 15 arraign the suspended Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele in a Federal Capital Territory high court on a […]
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Interview With Paul Onwuanibe MD/CEO~ Landmark Africa
It is our duty, as Nigeria’s business magazine of repute, to identify business rockstars of Nigerian make and shout their fames to the world. In this section, we went the entire stretch of the real estate ecosystem, unearthing some of the rarest industry gems you will ever come across, with Paul Onwanibe, an African business […]
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APC Leader Muhammad Urges Caution Amid Rising Calls for State Police
He opined that the Nigerian governors’ mindsets are yet to adjust to the true principles of democracy that it is the government of the people, by the people and for the people. A chieftain of the ruling All Progressives Congress, APC, Engr. Kailani Muhammad, has cautioned Nigerians over their consistent agitation for the creation […]
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Reps sympathize with victims of Port Harcourt tanker explosion
“As true representatives of our people, we express deepest condolences to the families and loved ones of those affected by the tragic inferno. The Rivers caucus of the House of Representatives has sympathized with the victims of last week’s tanker explosion on Eleme road in Port Harcourt, Rivers State. This is contained in a […]
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Judge’s Absence Derails Fayose’s N6.9bn Fraud Trial
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for an alleged N6.9bn fraud and money laundering. The money laundering trial involving former Ekiti State governor Ayodele Fayose was unable to proceed on Thursday due to the absence of Justice Chukwujekwu Aneke, the presiding judge at the Federal High Court in […]
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Osun: Adeleke’s Two Wives Release Individual Posters To Greet Remi Tinubu
Nigeria’s First Lady Remi Tinubu is expected to visit Osogbo, the state capital, on Tuesday for the groundbreaking ceremony of the Alternative High School for Girls at Oke D.O, Ilesha Road. In a surprising turn of events, the wives of Governor Adeleke have sparked intrigue by printing separate posters to extend a warm welcome […]
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Owner of Chinese supermarket in Abuja breaks silence: I feel scared
But in her defence, Bei stated that she sells to residents, workers, and visitors who come to her store after visiting the office building, regardless of nationality. The owner of a Chinese supermarket located in Abuja, which faced criticism for limiting entry to Nigerians while favoring Chinese nationals, has denied allegations suggesting that her […]
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NNPCL and Partner Commence Oil Production at OML 85, Aiming for 20,000 BPD
Mr Mele Kyari, described the commencement of oil production at the Madu Field as a significant milestone that will contribute to the larger goal of meeting the production required to drive revenue growth and boost the nation’s economy. The Nigerian National Petroleum Company Limited and its Joint Venture partner in OML 85, First Exploration and […]
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Oyo NUJ Urges Tinubu to find Lasting Solutions to Recurring Fuel Scarcity
The NUJ, in a statement signed by its Chairman, Comrade Ademola Babalola, and made available to newsmen through the Secretary of the union, Comrade Olusola Oladapo, advised Tinubu to address the problems urgently. The Oyo State Council of the Nigeria Union of Journalists, NUJ, has advised the Federal Government led by President Bola Ahmed […]
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JUST IN: Tinubu launches the African Counter-Terrorism summit.
The Presidency announced on Sunday that the summit aims to enhance multilateral counter-terrorism cooperation. President Bola Tinubu has launched the African Counter-Terrorism Summit at the Office of the National Security Adviser in Abuja on Monday. The event, organized by Nigeria with backing from the United Nations Office of Counter-Terrorism, is ongoing and scheduled from […]
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Finance Minister: No CBN Loans Under Tinubu’s Government
“We will pin down Ways and Means to alleviate the pressure of the excess money in the system. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has affirmed that the Tinubu-led Federal Government has not borrowed money from the Central Bank of Nigeria, CBN. Edun made this disclosure on Thursday […]
… Kenyan Defence Chief, Ogolla and 9 others killed in Helicopter crash
The helicopter crashed shortly after takeoff from Chesegon, where he and his entourage had been visiting a school. A helicopter crash has claimed the life of Kenyan Defense Chief, Francis Ogolla and nine other high-ranking officials. According to President William Ruto the incident occurred in a remote section of the country on Thursday. […]
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Flooding: Lagos govt condemns buildings on drainage channels despite notice
“The property owners whose buildings fall within the approved 140 meters Right of Way of the channel had been given the option of voluntary compliance for almost three years. The Lagos State Ministry of Environment and Water Resources has commenced an enforcement initiative aimed at reclaiming a vital drainage channel, System 1 Drainage Channel […]
… Reps sympathize with victims of Port Harcourt tanker explosion
“As true representatives of our people, we express deepest condolences to the families and loved ones of those affected by the tragic inferno. The Rivers caucus of the House of Representatives has sympathized with the victims of last week’s tanker explosion on Eleme road in Port Harcourt, Rivers State. This is contained in a […]
… Osun: Adeleke’s Two Wives Release Individual Posters To Greet Remi Tinubu
Nigeria’s First Lady Remi Tinubu is expected to visit Osogbo, the state capital, on Tuesday for the groundbreaking ceremony of the Alternative High School for Girls at Oke D.O, Ilesha Road. In a surprising turn of events, the wives of Governor Adeleke have sparked intrigue by printing separate posters to extend a warm welcome […]
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Ondo APC primary: Ododo wrote results; there was no election – Akinterinwa
Ododo had announced the state governor, Lucky Aiyedatiwa, as the governorship candidate of the party after polling the highest votes at the primary election. An All Progressives Congress, APC, Ondo governorship aspirant, Wale Akinterinwa, has accused Governor Usman Ododo of Kogi State and Chairman of the party’s primary election committee of writing results. He […]
… Fuel scarcity: Marketers threaten to withdraw services over N200bn debt
The association’s Depot Chairman, who said the threat was with the backing of the national leadership, claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known […]
…CBN Bars Opay, Moniepoint, and Others from Taking on New Customers
The affected fintech companies were reported to have accounts being used for illicit foreign exchange transactions. The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers. A source at the bank, who confirmed the development however, said no circular […]
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Shettima: Federal Government Aims to Include More Than 20% of Unbanked Nigerians in Banking System
Shettima: Federal Government Aims to Include More Than 20% of Unbanked Nigerians in Banking System
Vice President Kashim Shettima revealed this in Abuja on Thursday at the beginning of a two-day National Stakeholders’ Workshop on Economic and Financial Inclusion. The Federal Government has disclose plans to integrate over 20 per cent of unbanked Nigerians into the banking system. Vice President Kashim Shettima revealed this in Abuja on Thursday at the […]
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The Kenyan Police reportedly apprehended a Binance executive who had escaped from Nigeria
According to the reports, government sources in Kenya confirmed that the Binance chief is now in the custody of the country’s police. According to reports, police authorities in Kenya have arrested Nadeem Anjarwalla, an executive of the cryptocurrency platform Binance, who had fled Nigeria several weeks ago. Anjarwalla had evaded custody in Nigeria after […]
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Elon Musk Discloses Plans to Charge for posts by New X users
Musk further revealed that new users would be granted free posting privileges after a three-month period. The owner of microblogging platform, X, Elon Musk has disclosed plans to charge new users for posting on the platform. While responding to questions on the new X’s policy for newly created accounts, Musk said charging new users is […]
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National Grid Collapses Again For The Fifth Time In 2024
Nigeria has witnessed its fifth power grid collapse of 2024, Nigeria has witnessed its fifth power grid collapse of 2024, as electricity generation on the system collapsed from 2,583.77MW at 2am on Monday to 64.7MW around 3 am. This is the Fifth collapse in the year 2024. Nigeria generates an average of 4,000MW of electricity […]
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Nigerian Government Takes Legal Action Against Binance Executive Over Alleged Tax Evasion
Binance’s Head of Financial Crime Compliance, Tigran Gambaryan, Appears in Federal High Court Abuja Facing Charges of Tax Evasion The Federal Government is set to arraign Binance Holdings Limited and it Executives, Tigran Gambaryan and Nadeem Anjarwalla, for Alleged Tax Evasion Charges Tigran Gambaryan, one of the defendants, appeared at the court at 9:15 am on […]
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Guinness World Record: Atiku and Sanwo-Olu messsage to Nigerian Chess Master, Tunde Onakoya
Guinness World Record: Atiku and Sanwo-Olu messsage to Nigerian Chess Master, Tunde Onakoya
“Dear @Tunde_OD, I join millions of Nigerians at home and abroad in wishing you the best in your quest to break the Guinness World Record for the Longest Chess Marathon. Your can-do spirit thus far has been truly inspirational. I am rooting for you to break new ground. -AA.” Atiku Abubakar, the former vice-president, […]
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