Nationwide protests set for October 1st as the Nigerian Patriotic Front Movement urges Nigerians to take a stand against poor governance In a bold move for national survival, the Nigerian Patriotic Front Movement (NPFM) has declared October 1st a day of nationwide protests, calling on Nigerians to demand urgent reforms from President Bola Tinubu’s administration….
Federal High Court dismisses debt claims against Onyema Okonjo and PC Outlet, orders return of security In a significant ruling, the Federal High Court in Lagos has cleared the Managing Director of PC Outlet, Onyema Okonjo, of a N168 million debt owed to the Asset Management Corporation of Nigeria (AMCON). The decision was delivered by…
ANSIEC opts for manual voter accreditation in the upcoming elections, expressing concerns over BVAS performance. The Anambra State Independent Electoral Commission (ANSIEC) has decided not to deploy the Bimodal Voter Accreditation System (BVAS) for the forthcoming Local Government elections scheduled for September 28. This decision was announced by Mr. Anthony Nnalue, ANSIEC’s Commissioner for Information…
Former President Jonathan disputes Sanusi’s claims of dismissal over missing oil revenue, explaining the real reasons behind the suspension. In a recent discussion, Jonathan explains Sanusi’s suspension from the position of Central Bank Governor was due to financial misconduct, not the whistleblowing claims surrounding missing oil revenue. According to Jonathan, the decision to suspend Sanusi…
A Mallorca fan has been handed a one-year prison sentence and a three-year stadium ban for racially abusing former Villarreal winger Samuel Chukwueze and Real Madrid’s star player Vinicius Junior. The fan’s actions, described as racially motivated, led to charges of moral integrity violations, with Real Madrid confirming the conviction. The incidents occurred in 2023…
In a strategic move, Cardoso lures foreign investors with historic OMO yields as the Central Bank of Nigeria (CBN) introduces a groundbreaking offer on one-year OMO bills. Yielding at 32%, the bill marks the highest return since the inception of the CBN’s OMO (Open Market Operations) and aims to attract substantial foreign portfolio investments to…
The Naira appreciates after CBN intervention, which has led to a positive shift in the market. Recent steps taken by the Central Bank of Nigeria (CBN) have had a notable impact on the Naira, boosting its value against foreign currencies. This intervention was part of the CBN’s ongoing efforts to stabilize the currency amidst economic…
Patience Umo Eno passes away, leaving the people of Akwa Ibom in deep sorrow. The first lady, wife of Akwa Ibom State Governor, Umo Eno, died on September 26, 2024, after battling an illness. The sad news was officially confirmed by the state’s Commissioner for Information, Ini Ememobong, who revealed that she passed away peacefully…
The Nigerian government is set to reintroduce tolls on major highways including the Lagos-Ibadan Expressway and the Second Niger Bridge as part of its revenue strategy The toll on Lagos-Ibadan Expressway is set to be reinstated as part of a broader federal initiative aimed at boosting revenue through major infrastructure projects. Alongside the Lagos-Ibadan Expressway,…
The Nigerian National Petroleum Company is struggling to provide crude to Dangote Refinery after ex-President Buhari used oil reserves as collateral for foreign loans The NNPC crude supply challenges are currently impacting the Dangote Refinery, a key oil processing plant in Nigeria. According to Festus Osifo, the President of the Petroleum and Natural Gas Senior…
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