The Department of State Services is investigating the alleged involvement of seven Polish nationals in the nationwide protests against hunger and hardship in Kano State. The detainees, who were arrested on Tuesday in Kano, are being investigated. The nationwide protest, which commenced on Thursday, August 1, was in response to the hardship being experienced by … [Read more…]
The Central Bank of Nigeria has auctioned a total sum of $876.26m to 26 qualified banks, who participated in the latest Retail Dutch Auction System undertaken by the apex bank. The auction process conducted on Tuesday, August 6, 2024, aimed to enhance FX liquidity in the market, alleviate demand pressure, and support price discovery in … [Read more…]
The new Governing Council of the Michael Okpara University of Agriculture, Umudike, has paid its first visit to the University after its long-awaited inauguration by President Ahmed Bola Tinubu. Commencing the 2-day visit on Monday, members of the 8th Governing Council, led by the Pro-Chancellor and chairman of the Council, Comrade Fidelis Edeh, embarked … [Read more…]
UNFORTUNATE DEATH OF A PROTESTER BY A SOLDIER IN ZARIA On 6 August 2024, troops of the Nigerian Army received a distress call that some hoodlums gathered in Samaru in large numbers, burning tires on the road and pelting stones on security personnel. The troops immediately mobilised and arrived at the scene to disperse the … [Read more…]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country currently spends $600m on fuel importation monthly. The minister revealed this during an interview on AIT’s Moneyline programme on Wednesday. He said that the high import bill is due to neighbouring countries, up to Central Africa, benefiting from … [Read more…]
A federal high court in Lagos has ordered the state government to conduct a comprehensive inquiry into the death of Pelumi Onifade, a 20-year-old reporter for the internet station Gboah TV. Justice Olayinka Faji directed the Lagos State Government to hold a coroner’s inquest to ascertain the cause of Onifade’s death and identify and prosecute those responsible. … [Read more…]
Nigeria’s Central Bank approved a financial package worth N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited, according to a document seen by Nairametrics. According to the apex bank, the bailout is aimed at strengthening the stability of Nigeria’s financial system, as confirmed in an official letter from the CBN, … [Read more…]
President Bola Tinubu has approved the appointment of the following Nigerians as federal commissioners of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC): (1) Mrs. Linda Nkechi Oti — Abia (2) Mr. Akpan Imo Effiong — Akwa Ibom (3) Mr. Enefe Ekene — Anambra (4) Professor Steve Ugba — Benue (5) Chief Eyonsa — Cross-River … [Read more…]
…We’re after those behind coup calls, not genuine protesters – CDS Security agencies have identified and blocked sources of external funding for the #EndBadGovernance protests in the country. The Inspector-General of Police, Kayode Egbetokun stated this at a joint press briefing hosted by the Chief of Defence Staff, General Christopher Musa, at the Defence Headquarters, … [Read more…]
…Disowns “Acclaimed Acting National Youth Leader”, Okpalaezeukwu PRESS STATEMENT The Ohanaeze Ndigbo Worldwide wishes to inform the general public that Mr Chukwuma Okpalaezeukwu, the erstwhile acting National Youth Leader of Ohanaeze Ndigbo has long been directed to revert to his position as the Secretary- General of Ohanaeze Ndigbo, Youth Wing. The directive was contained in … [Read more…]
Former Nigerian president, Chief Olusegun Obasanjo has declared that the fuel subsidy removed in June 2023 by President Bola Tinubu’s administration has been brought back due to inflation. Obasanjo stated this in a short news documentary film recently published by the Financial Times. This is even as he faulted how President Tinubu removed the fuel subsidy … [Read more…]
The naira continued its recovery against the American dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N6 to trade at N1,601/$1, down from N1,607/$1 it traded on Monday. The intra-day high and low recorded during the day were N1,623/$1 and N1,560/$1 respectively, representing a very … [Read more…]