The average price of Premium Motor Spirit (PMS), commonly known as petrol, surged by 223.21% to approximately ₦770 per litre in May 2024, up from ₦238.11 per litre recorded in May 2023, according to the National Bureau of Statistics (NBS). In its report, “Premium Motor Spirit (Petrol) Price Watch for May 2024,” the NBS noted […]
Court documents have revealed details about the alleged theft of $6.23 million from the Central Bank of Nigeria (CBN) on February 8, 2023. The special presidential investigative team, led by Jim Obaze, alleges that the money was stolen by CBN officials, with the assistance of two outsiders, Adamu Abubakar and Imam Abubakar, under the pretense […]
First Bank of Nigeria Limited has officially confirmed Olusegun Alebiosu as its new Managing Director (MD) and Chief Executive Officer (CEO). This announcement was made by the bank’s Secretary, Adewale Arogundade, in a notice to the Nigerian Exchange Group on Wednesday. The appointment is pending approval from the Central Bank of Nigeria (CBN). Alebiosu has […]
Cyril Ramaphosa was inaugurated for a second full term as President of South Africa in Pretoria on Wednesday, following a coalition agreement by his weakened African National Congress (ANC). Chief Justice Raymond Zondo administered the oath of office before lawmakers, foreign dignitaries, and supporters at the Union Buildings. “In the presence of everyone assembled here, […]
The Chairman of the All Progressive Congress (APC) in Kano State, Abdullahi Abbas, has called for the arrest of former Governor Rabiu Kwankwaso, labeling him a threat to state security. This follows Kwankwaso’s accusations that the previous administration fostered Boko Haram terrorists and misled the Federal Government to destabilize Kano. Kwankwaso made these allegations during […]
Rivers State Governor, Siminalayi Fubara, has inaugurated 23 new caretaker chairmen for the local government areas in the state. The ceremony took place on Wednesday at the Government House in Port Harcourt, the state capital, under tight security. The swearing-in, conducted in the Council Chambers, began with the first batch of 11 caretaker chairmen taking […]
President Joe Biden announced on Tuesday a new pathway to citizenship for immigrants married to U.S. nationals, balancing his administration’s recent crackdown on illegal border crossings with a more lenient approach towards legal immigrants. Facing a contentious issue ahead of the November presidential election, Biden aims to show a tough stance on illegal immigration while […]
President Bola Tinubu acknowledged yesterday that Nigerians are enduring difficult times, but emphasized that the nation is not alone in facing harsh economic realities. Speaking in Lagos during a meeting with a delegation from the National Assembly, Tinubu highlighted the importance of a shift in the country’s value system to foster progress. “Yes, there is […]
President Bola Tinubu has appointed Mr. Tanimu Yakubu as the new Director-General of the Budget Office of the Federation, succeeding Mr. Ben Akabueze, whose tenure has ended. The appointment was announced in a statement by Ajuri Ngelale, Special Adviser to the President on Media and Publicity. Yakubu is a distinguished economist who served as Chief […]
The World Bank has approved a total of $2.25 billion for Nigeria to support the federal government’s efforts to sustain economic reforms, accelerate non-oil revenue generation, and assist impoverished Nigerians. This funding includes $1.5 billion for the Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Programme (DPF) and $750 million for the […]
