The Central Bank of Nigeria (CBN) has directed all Bureau de Change operators (BDCs) in the country to reapply for new operational licences by June 3, 2024 in order to continue to operate in the forex market. The BDCs are also to meet the new deadline of N2billion for tier 1 and N500million for tier … [Read more…]
…as Governor recommits to state-of-the-art sporting facilities for talent discovery Nigeria President, Bola Tinubu, has lauded the governor of Enugu State, Dr. Peter Mbah, for providing a safe and conducive environment for the country’s sports stakeholders to converge on the state for national sport council meeting, stressing that his administration was pleased with the governor … [Read more…]
Rishi Sunak has called a surprise early election for 4 July in a contest that will see Keir Starmer try to take power for Labour after 14 years of Conservative-led government. The prime minister announced the election would be in the early summer in a high-risk move for the Conservative party as it trails 20 … [Read more…]
Chetanne Chinelo, Enugu Following the protracted political battle between the immediate past Governor of Rivers State and present Minister of FCT, Nyesom Wike and the current Governor of Rivers State, Siminalayi Fubara, Mr. Peter Elumelu, a businessman and politician, has called on Wike to allow Fubara govern Rivers State. Speaking on a range of national … [Read more…]
Lawyers to the detained leader of the indigenous people of Biafra, Nnamdi Kanu, have filed a Preliminary Objection at the Federal High Court Abuja, asking the trial judge, Justice Binta Nyako, to decline jurisdiction to proceed with the trial against him. Part of the issue for determination, is whether the court has the jurisdiction to … [Read more…]
The Nigerian Army, on Tuesday, broke silence on a recent unrest involving soldiers and some civilians at Banex Plaza in the Wuse of the Federal Capital Territory (FCT), Abuja. Army spokesman, Major General Onyema Nwachukwu, said the plaza was shut after the incident on Saturday, May 18, 2024 to probe the “cruel treatment” meted out … [Read more…]
Rivers State Governor Siminalayi Fubara has inaugurated eight commissioners cleared by three lawmakers led Victor Oko-Jombo. The governor made this known last night in a tweet on his X-handle. In the message, he reaffirmed his dedication to providing quality leadership for the people of Rivers State. Fubara emphasised his administration’s commitment to prioritizing the needs … [Read more…]
Governor of Enugu State, Dr. Peter Mbah, has taken his investment drive to Vienna, Austria, where he held high level meetings with senior government officials, the business community and international development partners and also signed a Memorandum of Understanding, MOU, towards the development of the state. Mbah, who seeks to grow the state’s economy from … [Read more…]
The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26.25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged at … [Read more…]
…IGP Reaffirms Commitment to Reduce Crime to Barest Minimum Leveraging on the recent charge on succinct intelligence gathering and sharing for effective operational deployments by the Inspector General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, the Force Intelligence Department Intelligence Response Team (FID-IRT) has made significant strides in the ongoing efforts to combat crime … [Read more…]
The Chief Justice of Nigeria (CJN), Olukayode Ariwoola, has said Nigerians will continue to suffer from the nation’s judiciary system until salaries, allowances and official benefits of judges are increased. He pointed out that the last time their salaries were increased was 17 years ago despite the depreciation in the value of the currency, causing … [Read more…]
Iran began funeral processions Tuesday for President Ebrahim Raisi, as the country grapples with the fallout from his sudden death at a time of heightened regional tensions and domestic uncertainty. Supreme Leader Ayatollah Ali Khamenei has declared five days of national mourning for Raisi, Foreign Minister Hossein Amirabdollahian and six others killed in the helicopter crash in a remote … [Read more…]