The Central Bank of Nigeria (CBN) has disclosed that the nation’s official currency, the naira can now stand as a payout option for remittances from the diaspora. The was contained in a circular dated July 10, 2023, and signed by CBN’s Director, Trade and Exchange Department, O.S. Nnaji. Additionally, the apex bank mandated that in … [Read more…]
President Bola Tinubu has requested the House of Representatives to amend the 2022 Supplementary Appropriation Act for subsidy palliatives. The president, in a letter addressed to the Speaker of the House, Abbas Tajuudeen, which was read at plenary on Wednesday, said the amendment is to extract N500 billion from the 2022 supplementary budget to provide … [Read more…]
Justice Hamza Muazu of the Federal Capital Territory High Court, Abuja, has issued a one week ultimatum to the Department of the State Security Service (DSS) to either charge the detained suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to Court or set him free. The Judge issued the order while delivering … [Read more…]
Yesterday, July 12, my secondary school classmate who lives in Germany sent to me yet another sit-at-home notice from Simon Ekpa, the self-nominated Prime Minister of the Biafra Republic Government in Exile, BRGIE. Dated July 11, 2023, the notice read in part: “Following the demand by the Biafra people for more sit-at-home civil disobedience, the … [Read more…]
A subpoenaed witness from the Independent National Election Commission (INEC) called by the governorship candidate of the Labour Party, Mr. Chijioke Edeoga, on Tuesday told the Enugu State Governorship Election Petition Tribunal in Enugu that the National Youth Service Corps (NYSC) discharge certificate submitted to the commission by the Enugu State governor, Dr Peter Mbah, … [Read more…]
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer (IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy conference and Exhibtion on Tuesday in Abuja. … [Read more…]
Governor of Enugu State, Dr. Peter Mbah, has sought the support and cooperation of the Nigerian Navy, the Air Force, and other security agencies towards ending insecurity in Enugu State and the South East. Mbah also said that there was no place for sit-at-home in Enugu State under his watch, describing it as a disservice … [Read more…]
Nollywood veteran actress, Cynthia Okereke, is dead. The actress, who had featured in scores of movies, was said to have died Tuesday night. Her demise is coming a year after enduring a traumatic kidnapping experience. The sad news was disclosed by her fellow colleague in the entertainment industry, Joseph Okechukwu. Okechukwu, a filmmaker, expressed deep … [Read more…]
Former Vice President of Nigeria, Prof Yemi Osinbajo (SAN) has been appointed by the Global Energy Alliance for People and Planet (GEAPP) as its global advisor to assist the organisation’s mission of accelerating clean energy deployment in developing countries. In a statement on Tuesday, the alliance said that Nigeria’s former number two man will support … [Read more…]
The national chairman of the All Progressives Congress, APC, Senator Abdullahi Adamu said the party is willing to receive the former Rivers state Governor Nyesom Wike-led G-5 into its fold. Adamu disclosed this while speaking in an interview with Arise Television on Tuesday. The APC chairman noted that the G-5 will be most welcome whenever … [Read more…]
The Senate on Tuesday resolved to holistically investigate all controversies surrounding subsidy and under-recovery regime by the government of former President Muhammadu Buhari. This is as it decried the N9.3 trillion expended by on subsidy regime from January 2021 to May 29, 2023. The lawmakers also called for the establishment of three functional refineries for … [Read more…]
A SUMMIT OF NATO leaders in Vilnius, Lithuania’s capital, opened in dramatic fashion on July 10th. On the eve of the gathering, which begins formally on July 11th, Turkey lifted its hold on Sweden’s application to join the alliance. It means that Sweden is likely to become the 32nd member of NATO, essentially turning the Baltic Sea into … [Read more…]