The Central Bank of Nigeria has revealed that more than 94 per cent of the cash in circulation in the country is outside the control of deposit banks, marking a significant year-on-year increase of N1.59 trillion in the amount of currency held outside banks. Data from the CBN’s money and credit statistics shows that a…
To prevent contractors and former officials of the Nigerian National Petroleum Company Limited (NNPC Ltd) fingered in the ongoing fraud probe from evading accountability, the Nigerian Immigration Service (NIS), at the weekend, ramped up surveillance on them. To this end, immigration officials are on red alert to ensure those accused of plotting to flee the…
The Law Firm of Afe Babalola has written a petition to the Legal Practitioners Disciplinary Committee, (LPDC) asking it to strike out the name of Lagos-based legal practitioner, Dele Farotimi, from the roll of legal practitioners in Nigeria for allegedly violating certain provisions of the rules of professional conduct for lawyers. The 90-page petition dated…
The Oyo Pacesetter Transport Services (PTS) Interstate line is more than just a transportation solution, it is a source of pride for every Ibadan indigene. With its efficient, affordable, and comfortable service, especially on the highly traveled Ibadan-to-Lagos and Lagos-to-Ibadan routes, PTS has become a standout example of what public transport can and should be….
No fewer than 47 people died on Sunday night in Zike community in Kimakpa communities, located in Kwall District of Bassa local government of Plateau State. The attack took place over a week after a similar one in Bokkos local government area which claimed 52 lives with property worth millions destroyed. The National Secretary of…
President Bola Tinubu has appointed eight permanent secretaries in the federal civil service to fill existing and impending vacancies in some states and geopolitical zones. It was the second set of eight permanent secretaries appointed by the president, following those appointed last June from Akwa Ibom, Anambra, Bauchi, Jigawa, Ondo, Zamfara, South-east and South-south. The…
President Bola Tinubu has urged Economic Community of West African States (ECOWAS) leaders to match policies with actions for real impact on citizens. Tinubu spoke in Lagos on Wednesday during the commemorative ceremony marking ECOWAS’ 50th anniversary. He said the regional bloc is lagging in policy implementation and urged member states to turn plans into…
US Secretary of State Marco Rubio on Tuesday ordered a suspension of student visa processing in the latest swipe at foreign students in the country. The White House is cracking down on foreign students at US universities, revoking visas and deporting those involved in protests against the war in Gaza, accusing them of supporting Palestinian…
GISTSMATE MEDIA reports that the Police Command in Jigawa State has confirmed 10 people dead in an accident that occurred at Yanfari village in the Taura Local Government Area of the state. The command’s spokesperson, Lawal Shiisu, made the disclosure in a statement issued on Tuesday in Dutse. Mr Shiisu said that a Toyota Hummer…
The crisis rocking the Labour Party has taken a different turn with the factional national chairman of the party, Julius Abure, disclosing how the Obi-Datti 2023 presidential election campaign was funded. Abure who spoke during an emergency National Executive Committee (NEC) of the party on Monday, September 9, said the funding of the 2023 presidential…