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Abia State Governor, Alex Otti, expressed concern over the plummeting value of the naira, attributing it to excessive printing of money by the Federal Government. In an exclusive interview on Channels Television’s Politics Today, Governor Otti highlighted the dire consequences of financial indiscipline, citing an alarming increase in the money supply, estimated to be nearing […]
Nigerian authorities have detained two senior executives of Binance, a prominent cryptocurrency exchange platform. This crackdown comes amidst heightened concerns over the rapid devaluation of the Nigerian currency and its impact on inflation, which recently soared to nearly three-decade highs at 29.9 percent. The detained executives reportedly flew to Nigeria following the country’s recent ban […]
The Central Bank of Nigeria (CBN), Nigerian banks have issued urgent notifications to their customers, emphasizing the need to update their bank account information with their Bank Verification Number (BVN) and National Identification Number (NIN) before the impending deadline of Friday, March 1, 2024. Failure to comply with this directive may result in customers being […]
No fewer than 100 people have so far benefited from the ongoing Free Surgical Intervention Programme initiated by the Ogun State Governor, Prince Dapo Abiodun. The programme kicked off on Monday with the registration of patients, while surgical operations started in earnest on Tuesday. The surgical procedures are taking place across the six State Hospitals […]
Former Labour Party presidential candidate Peter Obi has lauded President Bola Ahmed Tinubu for his directive to execute the Steve Oronsaye report. President Tinubu’s recent order to fully implement the findings of the Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions, and Agencies signifies a strategic move towards streamlining governmental operations […]
Renowned lawyer and human rights activist, Mike Ozekhome, SAN, has strongly criticized the current administration led by President Tinubu, stating that it has exacerbated poverty levels in Nigeria. During a live program on Channels TV, Ozekhome emphasized the urgent need for Tinubu and his team to address the economic challenges gripping the nation, especially as […]
In a keynote address at the 2024 Nigeria International Energy Summit (NIES) in Abuja, President Bola Tinubu provided insights into the decision to remove the subsidy on petrol, emphasizing the necessity for transparency and accountability in the energy sector. Acknowledging the hardship caused by the subsidy removal, President Tinubu assured the nation that the decision […]
Former Kaduna Senator Shehu Sani has issued a stern warning to President Bola Tinubu regarding the looming specter of job losses in the federal civil service as a result of the full implementation of the Oronsaye report. Tinubu recently mandated the complete execution of the report from the Presidential Committee on the Rationalisation and Restructuring […]
The Central Bank of Nigeria (CBN) under the leadership of Governor Olayemi Cardoso has successfully mopped up a staggering sum of N1.51 trillion through Open Market Operation (OMO) bills within the span of four months, a comprehensive analysis by BusinessDay reveals. The auctions, predominantly featuring long-tenured bills ranging from 180 to 365 days maturity, aimed […]
The Economic Community of West African States (ECOWAS) has alerted that the region faces a potential loss of projects worth $500 million should sanctions on Mali, Niger, and Burkina Faso persist.Following the recent military takeovers in these countries, ECOWAS had suspended sanctions, urging for dialogue and negotiations to resolve tensions. However, if the sanctions were […]
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