The Central Bank of Nigeria (CBN) has confirmed that it will sustain its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025. The latest development is contrary to a bill passed by the National Assembly which raised the maximum borrowing percentage in the Act from…
Nigerian activist Aisha Yesufu has warned Peter Obi, the Labour Party’s presidential candidate from the 2023 election, that she will actively campaign against him if he chooses to run as Vice President under another candidate in the 2027 presidential election. In a video statement released on Monday, Yesufu questioned why Nigerians often seem to settle…
Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have arrested a former Commissioner of Finance and Accountant General in Kaduna State, under Nasir el-Rufai’s administration, Shizzer Joy Nasara Bada, at the Lagos Airport. Bada was reportedly travelling out of the country on Sunday when ICPC operatives apprehended her at the Murtala…
The Federal Government has launched an eight-point plan to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly. The plan, unveiled by the Minister of Art, Culture and the Creative Economy, Hannatu Musa Musawa, at a roundtable for local and international investors in Lagos, has the potential to…
The Presidency has announced the take-off of the $550m upstream gas project between the Nigerian National Petroleum Corporation Limited and TotalEnergies on the development of the Ubeta field. The Special Adviser to the President on Energy, Olu Verheijen, disclosed this at an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the US State Department, in Washington,…
The Chief of Air Staff, Hasan Abubakar, has disclosed plans to deploy a Quick Response Wing to the Northwest region of the country to enhance military presence in vulnerable communities. A Quick Response Wing in the Air Force refers to troops on standby, ready to respond to emergencies. Abubakar, according to a statement on Tuesday…
The Ogun state Traffic Compliance and Enforcement Agency has confirmed the death of 18 passengers in Ogbere area of Ijebu East local government,along the Ijebuode/ Ore expressway. The accident involved a Toyota Hiace,with registration number XA 690AKU with the passengers burnt beyond recognition,while one other sustained injury. The public relations officer of the state owned…
The Lord’s Chosen Charismatic Revival Ministries has responded to online mockery surrounding a recent testimony, emphasizing that the church does not fabricate testimonies. Pastor Chidi Louis, Head of Public Relations and Media, addressed allegations circulating online regarding a testimony from a church member. He clarified that a viral video, purportedly showing a member claiming…
Al Nassr struggled in Cristiano Ronaldo’s absence on Monday, when the Saudi club kicked off the revamped Asian Champions League with a 1-1 draw against Al Shorta in Iraq. Al Nassr captain Ronaldo did not travel with the squad for the match in Baghdad, with the club issuing a statement a day before stating that…
Zimbabwean authorities have approved the slaughter of about 200 elephants to feed citizens amid lingering food insecurity caused by severe drought. On Monday, Tinashe Farawo, a spokesperson for the Zimbabwe Parks and Wildlife Authority, confirmed the planned culling of 200 elephants to feed citizens amid acute drought. “We are targeting to cull 200 elephants,” Mr…