Nigeriaās President, Bola Ahmed Tinubu, has recounted his encounter with his close relative who narrated how their wealthy uncle ran short of cash during the naira scarcity in 2023. Recounting the experience at a special Iftar held in his honour at the Presidential Villa on Saturday night, Tinubu said the odds were against him during…
The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects, including 193 foreign nationals, for their involvement in cryptocurrency investment fraud and romance scams. The arrests were made on December 10, 2024, following a months-long investigation and surveillance operation at a high-rise building on Oyin Jolayemi Street in Victoria Island, Lagos….
Strong indications emerged on Monday that the Senate is on the verge of holding a public hearing on the Tax Reform Bills, with the aim of presenting them for a third reading and eventual passage. This development was confirmed following a closed-door session of the Senate Ad-hoc committee and key government officials, including the Attorney…
Nigeriaās banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. In a letter to banks, the Central Bank of Nigeria (CBN) set a 180-day deadline for financial institutions to regularize all insider-related credit facilities that exceed the statutory limits prescribed under the Banking…
Nigerian singer Naira Marley has spoken out for the first time since a Magistrate court in Yaba, Lagos, cleared him and others of any involvement in the death of fellow artiste Mohbad. Recall on Tuesday, it was reported that the court ruled Naira Marley, his associate Sam Larry, and Prime Boy had no case to…
Donald Trumpās US election victory ā and billionaire Elon Muskās role in helping to get him elected ā has sent many users of Mr Muskās social networking service X, formerly known as Twitter, leaving for alternatives. One of the key beneficiaries of the exodus has been Bluesky, which rocketed to the No. 1 spot on…
The Central Bank of Nigeria (CBN) plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and allow Ministries, Departments, and Agencies (MDAs) to initiate vendor and beneficiary payments. This is according to the CBNās newly released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025…
The Coalition of Ose Youth is pleased to announce its official endorsement of Hon. Ohiremen Olabisi John as the candidate for the chairmanship of Ose Local Government in the forthcoming local government elections. This decision is rooted in a thorough assessment of his qualifications, leadership experience, and unwavering commitment to the development of our community….
Justice Muhammad Lawal Shuaibu, a Presiding Judge at the Court of Appeal, Sokoto Division, on Monday urged anti-corruption agents to focus on larger figures involved in corrupt practices, rather than targeting āyahoo boys.ā Justice Shuaibu made this call during the opening of the North West Zonal Attorney Generalās Anti-Corruption Forum (AGAF), organized by the Independent…
The National Chairman of the Labour Party, Julius Abure, has lamented that several households cannot afford to celebrate Christmas due to the prevailing economic challenges in the country. This was disclosed in a Christmas message to Nigerians issued in Abuja on Wednesday by the partyās National Publicity Secretary, Obiora Ifoh. Abureās remarks follow President Bola…