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Federal High Court Orders Seizure of $1.4 Million from Emefiele

The Federal High Court in Lagos has ordered the final forfeiture of $1.4 million linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele to the Federal Government. Justice Ayokunle Faji issued the order after hearing an application filed by the Economic and Financial Crimes Commission (EFCC). This ruling follows another recent decision by […]

Mass Closure of Fuel Stations in North-East Amid Anti-Smuggling Crackdown

More than 1,800 petrol stations in Nigeria’s North-East shut down yesterday in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS). This move forced motorists to turn to the black market for fuel. Dahiru Buba, Chairman of the Independent Petroleum Marketers Association (IPMAN) for Adamawa and Taraba states, told Reuters that the closures […]

President Tinubu Stresses the Need to Heal Historical Wounds for Peace

President Bola Tinubu emphasized that addressing historical injustices is crucial to achieving lasting security and peace in Nigeria. Speaking at the North West Peace and Security Summit in Katsina, Tinubu highlighted the need to tackle the deep-rooted issues that have caused divisions in communities. He assured attendees that his administration is committed to eradicating banditry, […]

NCDC Mobilises Emergency Response as Cholera Death Toll Hits 53

The Nigeria Centre for Disease Control (NCDC) has activated its emergency operations centre in response to the latest cholera outbreak, which has claimed 53 lives across the country. The update was shared by the agency on its official X platform on Monday. “Following a dynamic risk assessment of the cholera epidemiological situation, which indicates a […]

CBN Report: Consumer Loans Surge as Nigerians Struggle with Inflation

Nigerians are increasingly turning to loans to survive as inflation rises, according to a report by the Central Bank of Nigeria (CBN). Consumer credit rose by 12% to nearly ₦3.9 billion in January 2024, driven largely by soaring inflation. The CBN’s latest economic report revealed that total outstanding consumer credit reached ₦3,823 billion in January […]

Court Okays Forfeiture of Emefiele’s N12.18bn Assets

Justice Chukwujekwu Aneke of the Federal High Court in Lagos has ordered the final forfeiture of properties valued at N12.18 billion, linked to former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to the federal government. This decision came after the Economic and Financial Crimes Commission (EFCC) filed an application, represented by lawyer Chineye Okezie. […]

Rivers Labour Unions Halt Protest Amid Fears of Violence

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) in Rivers State have called off their planned protest against the continued police blockade of local government area secretariats. The suspension was announced by the chairmen of both labour centres, who cited reports of potential violence instigated by individuals posing as union members. At […]

WHO Warns of Escalating Cholera Outbreaks with Over 1,900 Deaths Worldwide

The World Health Organization (WHO) has announced a global cholera outbreak, resulting in 1,932 deaths and 194,897 cases. The outbreak, reported between January 1 and May 26, 2024, has affected 24 countries across five WHO regions. The Eastern Mediterranean Region has recorded the highest number of cases, followed by the African Region, the Region of […]

DMO Reports ₦24.33 Trillion Rise in Nigeria’s Debt in First Quarter of 2024

Nigeria’s total public debt has surged to ₦121.67 trillion ($91.46 billion), according to the Debt Management Office (DMO). As of March 31, 2024, the country’s domestic and external debts have reached this new high, reflecting a significant increase from ₦97.34 trillion ($108.23 billion) in December 2023. This rise of ₦24.33 trillion within three months highlights […]

Kano High Court Overturns Sanusi’s Reappointment as Emir

Justice Abdullahi Liman of the Federal High Court in Kano has nullified the reinstatement of Muhammadu Sanusi II as the Emir of Kano Emirate. On Thursday, the judge refused to declare the amended Kano Emirate law invalid but overturned actions taken by Governor Abba Yusuf following the controversial amendment by the Kano State House of […]

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