The Central Bank of Nigeria (CBN) has issued new guidelines limiting Bureau de Change (BDC) operators to purchasing a maximum of $25,000 per week from a single Authorised Dealer Bank (ADB) to meet retail market demand. In a circular signed by Dr W. J. Kanya, Acting Director of the Trade & Exchange Department at the […]
President Bola Tinubu has departed Abuja for Paris, France, on a private visit, his Special Adviser on Information and Strategy, Bayo Onanuga, confirmed in a statement on Wednesday. According to Onanuga, the President’s visit to France is personal and comes ahead of his trip to Addis Ababa, Ethiopia, where he will participate in the 46th […]
President Bola Tinubu has increased the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President communicated the budget adjustment in separate letters to the Senate and the House of Representatives, which were read during plenary by Senate President Godswill Akpabio. According to Tinubu, the increase […]
A devastating fire outbreak at an Islamic school in Kaura-Namoda Local Government Area of Zamfara State has claimed the lives of at least 17 Almajiri students, leaving 16 others injured. Eyewitnesses reported that the fire erupted late on Tuesday night and raged for approximately three hours before it was extinguished. A local resident, Abdulrasaq Bello […]
A magistrate court in Ifo, Ogun State, has remanded the suspended traditional ruler of Orile Ifo, Oba Abdulsemiu Ogunjobi, at a correctional facility in Ilaro after he failed to meet the stringent bail conditions set by the court. The embattled monarch was arraigned on Tuesday on a three-count charge of conspiracy, assault, and conduct likely […]
The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to settle outstanding pension liabilities for federal pensioners. The approval, granted during the second day of the FEC meeting at the State House, Abuja, enables the Debt Management Office (DMO) to raise funds to clear pension arrears under the Defined Benefit […]
A Nigerian passenger, identified as Ms Omisore, has arrived safely in Lagos following an altercation with Kenya Airways staff at the airline’s transfer desk in Nairobi. The incident, which was captured in a viral video, sparked widespread condemnation. The Nigeria Civil Aviation Authority (NCAA) has summoned the acting station manager of Kenya Airways in Lagos […]
The suspended traditional ruler of Orile Ifo, Oba Abdulsemiu Ogunjobi, has been arraigned before the Ifo Magistrate Court on a three-count charge of conspiracy, assault, and conduct likely to cause a breach of public peace. The arraignment, which took place on Tuesday, followed a viral video showing the monarch allegedly assaulting, verbally abusing, and threatening […]
President Bola Ahmed Tinubu has signed into law a bill establishing the Federal University of Environmental Technology, Ogoni. The President assented to the bill at the Presidential Villa, Abuja, on Monday. Speaking after the signing ceremony, Tinubu described the establishment of the university as a “significant milestone” in the country’s pursuit of environmental justice, education, […]
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has dismissed reports suggesting that the federal government is planning a 65 per cent increase in electricity tariffs, describing such claims as a “misrepresentation.” Verheijen clarified that following the upward review of Band ‘A’ tariffs in 2024, current electricity charges now cover approximately 65 […]
