The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said Nigeria’s first-ever foreign-currency domestic bond has secured $900m in subscriptions. While discussing the results of the historic bond issuance on Tuesday, Edun noted that the oversubscription reflects investor confidence in Nigeria’s economic stability and potential for growth. “The issuance of this…
More details have emerged on how pressure from Labour, civil society organisations and other bodies, both local and international, forced the government to release the NLC President, Joe Ajaero. Ajaero was arrested and detained by the DSS at the Nnamdi Azikiwe International Airport in Abuja. He was en route to the United Kingdom, UK, where…
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others, based on their alleged role in naira fluctuations. The motion, dated September 3, 2024, which the court…
The National Drug Law Enforcement Agency (NDLEA) has said that 20 chairmanship aspirants in Kano State have tested positive for multiple drugs during screening for the upcoming local government elections. NDLEA’s Commander in the state, Abubakar Idris Ahmad, said the aspirants presented by the ruling NNPP in the state tested positive for substances including opioids,…
The ruling All Progressives Congress (APC) has admitted that the policies initiated by President Bola Ahmed Tinubu have increased economic hardship in the country. APC National Publicity Secretary, Barrister Felix Morka, stated this in a statement while replying to a former national vice chairman (North West) of the party, Salihu Mohammed Lukman. Lukman had accused…
Bello Kano, the Chief Executive Officer of Bell-Bank Online Banking and a well-known business personality in Farm Center GSM Market, announces his candidacy for Chairman of Farm Center GSM Market in Kano State, as an international businessman with over a decade of experience in the market, the confident people have in his ability to transform…
GISTSMATE MEDIA reports that the state Governor of Akwa Ibom State, Umo Eno, has announced a cash reward of N310 million to the leadership of Akwa Ibom youths across the 31 local government areas of the state for boycotting the recent #EndBadGovernance protest. The governor had promised in a meeting with stakeholders on the eve…
The Obi-Datti fundraising team has refuted Monday’s claim by the National Chairman of the Labour Party, Julius Abure, that only Aisha Yesufu and Pastor Itua Ighodalo, were responsible for managing the campaign funds of LP presidential candidate, Peter Obi, at the 2023 election. Abure had told journalists in Abuja after a meeting of the National…
President Bola Tinubu says the removal of subsidy on premium motor spirit (PMS), also known as petrol, is designed to free up budgetary resources for critical investments. Tinubu spoke on Tuesday during the 17th annual Chartered Institute of Bankers of Nigeria (CIBN) banking and finance conference in Abuja. He was represented by Vice-President Kashim Shettima….
Prisoners have escaped from the custodial facility in Maiduguri, the capital of Borno State, due to severe flooding that has ravaged the city. The facility, which houses some of the state’s most dangerous inmates, has been damaged, allowing an unconfirmed number of prisoners to escape. It can be recalled that residents of the state woke…