Efforts by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the banking industry as the Central Bank of Nigeria, CBN implements the hike in banks’ Cash Reserve Ratio, CRR to 45 per cent. The CRR which represents banks’ cash reserves for purposes of meeting cash obligations … [Read more…]
A former Minister of Power, Prof Barth Nnaji, has said that the newly inaugurated 181 megawatts power plant in Aba, Abia State can be reproduced in Lagos and other states of the country. Nnaji, who is The Chief Executive Officer of Geometric Power Limited, the owners of the Aba power plant, said that replicating the … [Read more…]
Nigeria’s President, Bola Tinubu, yesterday, said he received with deep sadness the news of the passing of two of Nigeria’s ace comic actors, John Okafor, famously known as Mr. Ibu, and Tolani Quadri Oyebamiji, popularly known as Sisi Quadri. President Tinubu in a statement by his Special Adviser on Media and Publicity, Chief Ajuri Ngelale … [Read more…]
The Nigerian Navy Ship Beecroft has arrested a Ghana-registered vessel, Motor Tanker Sweet Miri suspected to be involved in crude oil theft. The vessel was arrested 174 nautical miles of the coast of Nigeria, approximately 320 kilometres, heading to Benin Republic. Base Information Officer of the Nigerian Navy Ship Beecroft, Lieutenant Hussaini Ibrahim, in a … [Read more…]
Chetanne Chinelo, Enugu To mark the 2024 International Women’s Day celebration, the Clean Technology Hub, an energy innovation center has announced plans to hold a webinar spotlight. The free webinar tagged ‘Women in Clean Energy: Building a Culture of Belonging’ and scheduled to hold this Wednesday, March 6, 2024, by 2pm, has as its focus: … [Read more…]
…commends Nsukka council boss The Enugu State Governor, Dr. Peter Mbah, weekend, commissioned a number of projects ranging from roads, water, and skill acquisition centre to legistlative building constructed by the Nsukka Local Government Chairman, Barr. Walter Ozioko. The governor, who said the projects aligned with the objectives of his administration to bring development to … [Read more…]
Mr Ibu, Nollywood veteran has died. The actor whose real name is John Okafor was 62. According to multiple reports from sources close to him, the veteran comedian passed away at Evercare hospital. Many fans have shared condolences on X, reminiscing movies the late actor has featured. Details surrounding the cause of death and the … [Read more…]
Governor of Enugu State, Dr. Peter Mbah, on Friday, signed the New Enugu City Development Agency Bill, Enugu State Geographical Information System Service Bill, and Enugu State Independence Electoral Commission, ENSIC, (Amendment) Bill into Law. Speaking during the signing, which was witnessed by the Speaker of the Enugu State House of Assembly, Rt. Hon. Uchenna … [Read more…]
The Central Bank of Nigeria, CBN, has said it would sale Treasury Bills, TBs, worth N1.64 trillion for the second quarter 2024, Q2’24. This is contained in the apex bank’s Nigeria Treasury Bills Issue programme released today. Treasury Bills are short term (less than one year) debt instruments used by the CBN to borrow money from the public … [Read more…]
The Independent National Electoral Commission (INEC) has asked political parties to submit the list of candidates for the Edo State governorship election holding later in the year. The electoral body said it would not extend the deadline beyond the 24 March deadline. INEC has scheduled the Edo state governorship elections for 21 September. “The Commission has … [Read more…]
Inmates at the Jos Correctional Centre in Plateau State protested on Friday over the plan to reduce their food ration. They expressed dissatisfaction over the decision, a situation that forced the prison authorities to fire tear gas canisters and gunshots into the air to bring the situation under control. Sources at the correctional centre indicated … [Read more…]
Jose Peseiro has left his role as the coach of the Super Eagles after taking the team to the final of the 2023 Africa Cup of Nations (AFCON). The team lost to Cote d’Ivoire in the final of the competition. His contract with the team expired in February and he was supposed to continue with … [Read more…]