Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country’s foreign reserves rose by 12.74 percent to $39.12 billion as of October 11. Cardoso spoke on Tuesday when he appeared before the house of representatives committee on banking regulation. The CBN governor said the country’s reserves stood at $34.70 billion at the…
The Defence Headquarters (DHQ) has announced that no appointment as the acting Chief of Army Staff (COAS) exists within the Armed Forces of Nigeria. This is contained in a statement by the Acting Director of Defence Information, Brig.-Gen. Tukur Gusau, on Monday in Abuja. Gusau said no such appointment exists within the Armed Forces of…
GISTSMATE MEDIA reports that the Port Harcourt Refinery in Rivers State has commenced crude oil processing. According to the Chief Corporate Communications Officer of the Nigeria National Petroluem Company Limited (NNPCL) Femi Soneye, the refinery will operate at 60 percent capacity. Soneye said that the Refinery is processing 60,000 barrels per day of crude. He…
The Lagos High Court sitting in Ikeja has declared the removal of the re-instated Speaker of the State House of Assembly, Mudashiru Obasa, as illegal, unconstitutional, null and void. In a judgment delivered on Wednesday, the court also nullified the proceedings and resolutions of the House held on January 13, 2025, during which Obasa was…
Vice President Kashim Shettima has criticised the newly elected UK Conservative Party leader, Kemi Badenoch, for disparaging Nigeria. He stated this on Monday at the 10th Annual Migration Dialogue at the State House in Abuja. The Vice President said, “Kemi Badenoch, the leader of the British Labour or Conservative Party. We are proud of her…
Governor Lucky Aiyedatiwa of the All Progressives Congress (APC) has won the Ondo State governorship election. Aiyedatiwa defeated the People’s Democratic Party (PDP) candidate, Mr Agboola Ajayi, securing the majority of votes across the state’s 18 local government areas. ONDO STATE GUBERNATORIAL ELECTION RESULTS Akure North APC 14, 451 PDP 5, 787 2–Okitipupa APC…
The Lagos state police command has rearrested Olumide Ogunsanwo, the TikToker better known as Seaking. In December, Seaking was arrested and remanded by the magistrate court over alleged treason, cyberstalking, and conduct likely to cause a breach of peace. The TikToker had shared a video on social media wherein he appeared to have insulted President…
Paul Ibe, media aide to former Vice President Atiku Abubakar, has accused the Bola Tinubu-led government of “preaching austerity while indulging in excess.” Ibe was reacting to media reports that the Tinubu administration sponsored 634 delegates to the ongoing #COP29 climate summit in Baku, Azerbaijan. The reports also revealed that the Nigerian delegation spent a…
The youths in Omu-Aran, Irepodun local government area of Kwara, on Friday, protested alleged outrageous billing and sudden movement of the community’s electricity billing regime from Band C to Band A. The protesters, led by two of the community masquerades, gathered at Bareke roundabout in the metropolis as early as 8:00 am, carrying placards with…
The Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, has urged Nigerians not to resort to insult in expressing their grievances to their leaders. “It is good to always tell our leaders when there is problem but in doing so, we should avoid abusive words. “If you insult your leader, how can you ask him to…