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Following the court order that the shares of Keystone Bank Limited previously held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) has reassured the public that Keystone Bank Limited remains safe, sound, and fully operational. In a circular dated February 14, 2025 and signed by Hakama … [Read more…]
Elon Musk’s X has agreed to pay Donald Trump about $10m (£8m) after suspending his accounts following the 2021 US Capitol riot by his supporters, according to reports. The payment follows a $25m (£20m) deal the US president’s lawyers struck with Meta Platforms – the owner of Facebook and Instagram – last month. Mr Trump sued the social … [Read more…]
Zamfara State Government has uncovered 2,363 ghost workers following the just-concluded verification of civil and public servants in the state. Governor Lawal constituted a committee headed by the state Head of Service in August 2024 with the mandate to conduct the verification exercise of workers. A statement on Thursday by the Governor’s spokesman, Sulaiman Bala … [Read more…]
The National Assembly on Thursday passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditure and N23.963trn capital expenditure (development fund), with fiscal deficit put at N13.08trn. The … [Read more…]
The Federal Government of Nigeria has commended the House of Representatives for the passage of four tax reform bills for a second reading on Wednesday. The four tax reform bills—the Joint Revenue Board of Nigeria (Establishment) Bill 2024, the Nigeria Revenue Service (Establishment) Bill 2024, the Nigeria Tax Administration Bill 2024, and the Nigeria Tax … [Read more…]
Following reports of setbacks to Nigeria’s national grid on Wednesday, the Transmission Company of Nigeria (TCN) has linked the ‘disturbance’ to tripping of Omotosho-Ikeja West 330kV transmission line. TCN’s General Manager on Public Affairs, Ndidi Mbah, disclosed in a statement that at the time, the Benin-Egbin 330kV line was on a scheduled outage for mechanical … [Read more…]
Wife of the President, Senator Oluremi Tinubu, has restated her commitment to empowering women in the country . She also noted President Bola Tinubu’s unwavering determination to ensure the inclusion of women in leadership roles. The First Lady stated this on Wednesday while receiving in audience a delegation from the Directorate of State Security (DSS), … [Read more…]
The Nigeria Labour Congress (NLC) has called on workers and Nigerians to boycott telecom services from MTN, Airtel, and Glo in protest against a recent 50% tariff increase. In a statement signed by its President, Joe Ajaero, and Secretary, Emmanuel Ugboaja, the NLC’s Central Working Committee (CWC) directed the boycott to begin on Thursday, February … [Read more…]
Emirates and Air Peace have agreed to expand Emirates’ network to 13 new sites in Nigeria. Passengers will have seamless single-ticket travel and simplified baggage between Dubai and various Nigerian cities. The collaboration aims to boost Nigeria’s strong bilateral commercial connection with the UAE. Both airlines recently announced cooperation to expand Emirates’ network to 13 … [Read more…]
Enugu State Governor, Dr. Peter Mbah, has disclosed that the success behind the state’s enduring and sustainable peace and security was as a result of the deliberate zero tolerance policy of the administration against criminality, saying insecurity in any form was being systematically eradicated. The governor stated this when he received the new General Officer … [Read more…]
President of the Senate, Godswill Akpabio, on Tuesday, hinted that the Committee on Appropriation may present its report on the 2025 budget for consideration and eventual passage by the upper chamber on Wednesday. Akpabio, who stated this while presiding over plenary on Tuesday, said the federal lawmakers might commence the consideration of the N54.2 trillion … [Read more…]
The European Union (EU) and the Enugu State Government have committed to exploring potential partnership areas across the power and infrastructure sectors to drive economic growth and development in the state. This was disclosed by the Head of Cooperation at the European Union Delegation to Nigeria and ECOWAS, Mr. Massimo De Luca, Tuesday, when he … [Read more…]