President Bola Tinubu has said that the past 12 months have been fulfilling for his administration despite the presence of some challenges that are being addressed frontally. According to the President, his administration has been able to stop Nigeria from bleeding which will propel it to prosperity. Tinubu spoke when he received a delegation of…
Eleven people including three foreigners were killed in an accident on Thursday at a major sugar factory in Tanzania, police said.The incident occurred in the pre-dawn hours as technical workers at the privately owned Mtibwa Sugar plant in the east of the country were preparing to restart production after a break, Alex Mkama, police commander…
The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, ascwelk as several properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro made the order on Thursday following an ex-parte application by the Economic and Financial Crimes Commission…
The Central Bank of Nigeria (CBN) has banned street trading of foreign currencies by Bureau de Change (BDC) operators, citing the need to regulate the foreign exchange market properly. CBN’s director of risk management, Blaise Ijebor, said street trading of foreign currencies is not allowed as the apex bank does not want BDCs under trees…
The wreck of a U.S. Navy submarine that “sank the most Japanese warships” during World War II has been found in the South China Sea after being missing for nearly 80 years. The USS Harder, which vanished on Aug. 24, 1944, with 79 sailors onboard, has been discovered off Luzon island in the Philippines with…
The former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Olabode George has expressed deep concerns about the state of Nigeria, stating that the country’s fortunes plummeted under former President Muhammadu Buhari’s administration. Bode George, said that one year is too short to evaluate President Bola Tinubu’s administration, urged the President to communicate…
President Bola Tinubu, on Thursday, ordered a comprehensive review of the recently announced governing boards for Nigeria’s tertiary institutions. This directive precedes the planned inauguration and retreat for the nominees. President’s Special Adviser on Information and Strategy, Bayo Onanuga, announced in a State House statement titled, ‘President Tinubu Directs Comprehensive Review of Governing Boards of…
The trial of Tigran Gambaryan, a detained executive of Binance, took a surprising turn at the Federal High Court in Abuja when he collapsed in court. When called upon by the court registrar, Gambaryan failed to enter the dock, remaining seated at the back. The trial judge, Justice Emeka Nwite, inquired about his well-being, and…
Manufacturers in Nigeria have identified unstable, high exchange rate and scarcity of forex as the topmost challenges facing operators. This was according to the first quarter 2024 Manufacturers Association of Nigeria (MAN) CEOs Confidence Index (MCCI) released yesterday. The survey suggests that manufacturers in the country are facing a myriad of problems that hamper progress…
The Minister of State for Petroleum Resources, Senator Heineken Lokbobiri, says Nigeria remains the leading oil and gas producer in Africa, ahead of the likes of Angola and other oil producing countries on the continent. Mr. Lokpobiri, while giving an update on the achievements of his ministry, noted that in the past year, President Tinubu…
