The Central Bank of Nigeria (CBN) has decided to extend the legal tender status of old N200, N500, and N1000 notes indefinitely. The initial deadline of December 31, 2023, has been removed. In a statement on Tuesday, Dr. Isa AbdulMumin, the Director of Corporate Communications, revealed that the CBN is working to overturn existing court […]
In a significant address at the Chief of Defence Intelligence Annual Conference, National Security Adviser (NSA) Mallam Nuhu Ribadu asserted that Nigeria faced severe financial constraints due to the alleged bankruptcy left by former President Muhammadu Buhari’s administration. Ribadu, speaking on behalf of the President Bola Tinubu-led government, acknowledged the daunting task of rebuilding a […]
The Academic Staff Union of Universities (ASUU) has instructed its members to participate in the nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). ASUU’s National President, Emmanuel Osodeke, issued a circular on Monday, directing members to commence the strike at midnight, aligning with the broader industrial action. In […]
Despite a court order obtained by the Federal government to halt the proposed industrial action by organized labor, the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) are instructing their members to initiate a nationwide strike starting at midnight on Tuesday, November 14. The court order was in response to the protest […]
The trial of Nigerian artist Azeez Fashola, known as Naira Marley, faced an unexpected delay on Monday in a Federal Court in Lagos. The trial judge, Justice Nicholas Owiebo, was absent due to attendance at a judges’ conference. Charged by the Economic and Financial Crimes Commission (EFCC) with cybercrime, Fashola was arraigned on May 20, […]
Controversies and Calls for Intervention Stakeholders flagged instances of over-voting in Kogi, leading to demands for immediate INEC intervention to uphold electoral integrity. Governorship candidates like Murtala Ajaka and Dino Melaye raised concerns, with calls for annulment and highlighting unprecedented irregularities in the electoral process. Bayelsa: Uzodimma and Diri in Lead, Controversies Emerge In Imo […]
A Magistrate’s Court in Yaba, Lagos State, has granted bail to singer Azeez Fashola, widely known as Naira Marley, and Lagos socialite Balogun Eletu, also known as Sam Larry. They have been given bail in the amount of N20 million, with a requirement of three responsible sureties. Naira Marley, Sam Larry, and two others were […]
Bola Tinubu, President of Nigeria, has expressed his gratitude to France for returning $150 million stolen by former Head of State, General Sani Abacha. He also acknowledged a €100 million agreement between Nigeria and France to support the i-DICE program, a Federal Government initiative aimed at promoting investment in Information and Communications Technology (ICT) and […]
President Bola Ahmed Tinubu has formally submitted a request to the National Assembly for approval to secure a loan of $7.865 billion and €100 million as part of the 2022–2024 External Borrowing Rolling Plan. Speaker Tajudeen Abbas, who read the President’s letter, conveyed the purpose of this request, stating, “I am writing to address the […]
Zenith Bank Plc has released its unaudited financial results for the third quarter ending on September 30, 2023, showcasing an impressive 114% increase in total revenue, soaring from N620.6 billion in Q3 2022 to N1.33 trillion in Q3 2023. This remarkable performance underscores the Group’s resilience and substantial market share, even in the face of […]
