Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court has granted former Central Bank of Nigeria (CBN) governor Godwin Emefiele a bail sum of N300 million, with two sureties in similar amounts. Emefiele must also surrender his travel documents, and the two sureties need to own landed property in Maitama, Abuja, and deposit […]
The Lagos Coroner Court, sitting at Ita-Elewa in Ikorodu, has disclosed that the toxicology test on the late music star, Ilerioluwa Aloba, widely known as Mohbad, is presently underway in the United States of America. This test aims to determine the cause of the singer’s demise. During the ongoing inquest on Wednesday, State Counsel O. […]
Nigeria and Germany bolstered their partnership, signing two crucial Memoranda of Understanding (MoUs) to enhance energy cooperation between both nations. At the 10th German-Nigerian Business Forum in Berlin, President Bola Tinubu witnessed the signing of these agreements. Tinubu highlighted Nigeria’s robust democracy, making it an attractive destination for foreign investments. The signed MoUs involve Riverside […]
With only 40 days left in the year, the Federal Government has petitioned the Supreme Court for an extension on the circulation of old Naira notes beyond the December 31 deadline. Citing economic challenges hindering the printing of sufficient new notes, the government fears a crisis if the old notes are phased out by the […]
The Federal Government has taken a firm stance by revoking 1,633 mineral titles as mining companies failed to meet the mandatory annual service fees of N1,500 per cadastral unit. During a press briefing in Abuja on Tuesday, Minister of Solid Minerals Development, Dele Alake, announced the revocation, spanning Exploration Licences, Quarry Licences, Small Scale Mining […]
In an interview yesterday, Nigeria’s immediate past President, Muhammadu Buhari, asserted that he gave his best during his eight-year tenure but expressed uncertainty about achieving the anticipated results. Addressing various topics, Buhari shed light on his decisions, challenges faced, and the state of the nation. Buhari discussed his endorsement of the controversial naira redesign policy, […]
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, provided insights into the government’s cautious approach to borrowing for the 2024 Budget. Edun stressed the need to prioritize revenue generation and reduce the current high deficit financing. Appearing before the joint Senate Committee on Finance, Appropriations, National Planning, Local and Foreign […]
The National Security Adviser (NSA), Mallam Nuhu Ribadu, highlighted the government’s progress in addressing security challenges, particularly oil theft, banditry, and kidnapping. Speaking at the 19th All Nigeria Editors Conference in Uyo, Akwa Ibom State, Ribadu emphasized the commitment of the Bola Ahmed Tinubu Administration to tackle these issues hindering Nigeria’s economic development. Ribadu pointed […]
Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, emphasized the necessity of ongoing reforms initiated by the Tinubu Administration, acknowledging the temporary hardships they might cause. Edun assured that delaying or avoiding these reforms would have been costlier for the country in the long run. He emphasized the administration’s commitment to sustaining […]
The National Bureau of Statistics (NBS) reported a significant rise in the Consumer Price Index (CPI), a measure of price changes for goods and services. In October, it surged to 27.33%, marking a 0.61% increase from the previous month’s 26.72%. Dr. Isa AbdulMumin, the spokesperson for the Central Bank of Nigeria (CBN), expressed optimism about […]
