As the global financial organization continues to assist the nation’s structural and economic changes, the Federal Government is expected to obtain six additional loans from the World Bank in 2025, totaling $2.23 billion. This will increase Nigeria’s total approved loans to $9.25 billion over three years, according to data from the World Bank’s official website….
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Following spot checks that showed non-compliance with the apex bank’s cash distribution norms, each bank was fined N150 million. First Bank Plc, Fidelity Bank Plc, Keystone…
Police officers assigned to election security are also encouraged by the Force to prevent any unapproved people from entering or leaving the polling places. DIG Sylvester Abiodun Alabi, the Deputy Inspector-General of Police in charge of the Ondo State Gubernatorial Elections, made this accusation. According to Force spokesman Olumuyiwa Adejobi, Alabi “conducted a series of…
The House of Representatives member Alex Ikwechegh apologized on the floor of the legislative body for attacking a cab driver. Nigerians were outraged and condemned Ikwechegh after he was caught on camera attacking Stephen Abuwatseya, a Bolt driver. On the House of Representatives floor on Tuesday, the politician expressed sorrow for his action and expressed…
The Central Bank of Nigeria was prevented from further disbursing monthly cash allocations to the Rivers State Government on Wednesday by Justice Joyce Abdulmalik of the Federal High Court in Abuja. According to the sitting judge, Governor Siminalayi Fubara’s presentation of the 2024 budget to the four-member Rivers House of Assembly violated a constitutional…
President Bola Tinubu has limited the number of vehicles that Federal Government heads of agencies, ministers, and ministers of state may have in their official convoys to no more than three. They will not be given access to any more vehicles for transportation. The president’s signed statement announcing the cost-cutting measure was released today….
Three people have died in a horrific helicopter crash near Port Harcourt, Rivers State, and search and rescue efforts are still underway to find the other five passengers. In a statement released on Thursday, Ministry of Aviation and Aerospace Development spokeswoman Odutayo Oluseyi acknowledged the event. Additionally, the Nigerian National Petroleum Company Limited (NNPC) acknowledged…
Due to recent outages and disruptions in the electrical system, Chief Adebayo Adelabu, the Minister of Power, has called an urgent meeting of the Transmission Company of Nigeria (TCN) and the Nigerian Electricity Regulatory Commission (NERC) leadership. Up to eight distinct instances of grid disruptions have occurred this year alone, plunging the nation into darkness….
The Governor of Anambra State Chukwuma Soludo condoles with victims family and vowed to fish out the perpetrators of the gruesome killing in the Nibo Community of the state. On October 20, 2024, some people were slain in the neighborhood in what is thought to have been a brawl tied to a cult. Soludo…
The Nigerian Army has refuted media allegations stating that there is a leadership vacuum following the absence of the Chief of Army Staff, Lieutenant General Taoreed Lagbaja. It also issued a warning to individuals asking for a military coup, defining it as a treasonable violation under the law. The Nigerian Army made the clarification in a…
