A former President of Nigeria, Chief Olusegun Obasanjo, has urged Nigerians not to lose faith in the country. Obasanjo spoke at Government House, Benin, while he was being hosted by Governor Godwin Obaseki. The ex-President said: “The situation in Nigeria is hard, but no bad situation cannot be made good. The question is, when and […]
Senator Seriake Dickson representing Bayelsa West said some very important personalities (VIPs) from Lagos and the Federal Capital Territory, Abuja, are behind oil theft in Niger Delta. Dickson stated this in an interview on Channels Television. The two-term governor of Bayelsa State said the official system and oil companies are beneficiaries of oil theft in […]
10 Matters To Recognize about New Capital Base It’s not news that the central financial institution of Nigeria (CBN), on Thursday night, unveiled new minimum capital requirements for banks with the intention to toughen the kingdom’s economic device. The apex bank pegged the minimal capital base for business banks with international authorisation at N500 billion. […]
Vice President Kashim Shettima has assured that the Naira would continue to stabilise in the coming weeks and months. The VP’s hint appears to have been validated by the position of the CBN’s Monetary Policy Committee, MPC, which a day earlier raised its Monetary Policy Rate, MPR, by another 200 bases points (BPS) to 24.75 […]
The Transmission Company of Nigeria, TCN, has recorded its second electricity system collapse in 2024. The incident scuttled the work of the electricity companies, DisCos, across the country. In a notice to its customers, the management of Eko Electricity Distribution Company, EKEDC, stated: “Kindly be informed there was a system collapse at 16.28 hours (4:28 […]
A Federal Capital Territory, FCT, High Court on Thursday discharged a former Attorney-General of the Federation, AGF, Mohammed Bello Adoke, and six others after dismissing charges filed against them over the controversial Oil Prospecting Licence, OPL, 245, otherwise known as Malabu Oil scam. The Economic and Financial Crimes Commission, EFCC, dragged Adoke and other defendants […]
Max Bramwell, the founder of FounderPass, has revealed a ranked list of countries with the highest and lowest average salaries in the country. Bramwell named Nigeria, Egypt, Libya and Tunisia, among others as countries with the lowest average salaries globally. Exploring the factors driving the disparities, Bramwell said: “How does your salary compare to the […]
The Nigerian Financial Intelligence Unit, NFIU, has uncovered 27 cells belonging to the Indigenous Peoples of Biafra, IPOB, in 22 countries across the globe, including the United States of America, United Kingdom of Great Britain and Northern Ireland. The unit in its ‘Counter Terrorism Financing Newsletter’ dated February 26, 2024, said the US and the […]
The Minister of Solid Minerals Development, Dele Alake, has ordered marshals drawn from the Nigerian Security and Civil Defence Corps, NSCDC, to fish out illegal miners and all those who flout the nation’s mining laws. Alake gave the order while inaugurating the first batch of marshals to combat illegal mining. He said 60 marshals had […]
The Defence Headquarters (DHQ) has declared eight persons wanted in connection with the killing of 17 soldiers and officers in Okuama Community of Delta State. Among those declared wanted is Prof. Ekpekpo Arthur; a woman, Mrs Igoli Ebi; Reuben Baru; Akata Malawa David and four other persons. The Director, Defence Media Operations, Maj. Gen. Edward […]
