Governor of Rivers State, Siminalayi Fubara expressed sadness on Thursday over attacks on his supporters by troublemakers allegedly backed by the state’s outgoing Local Government Council chairmen. Fubara stated this while declaring the commencement of construction of the N80.3 billion, 33.5-kilometre Elele-Egbeda-Omoku Road dual carriageway and bridge project in Emohua Local Government Area of Rivers….
The Central Bank of Nigeria (CBN) is making a big move to raise the stake in the remittance game, announcing a strategic move to double foreign currency inflows through official channels. This ambitious plan involves granting Approval-in-Principle (AIP) to a wave of 14 new International Money Transfer Operators (IMTOs). “This initiative is a win-win,” says…
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, clarified that the federal government had no intention of illegally tapping into the N20 trillion pension funds for infrastructure development.The clarification followed media reports quoting the minister as saying, after the last Federal Executive Council (FEC) meeting, that the federal government…
President Bola Ahmed Tinubu has received President Bassirou Diomaye Faye of Senegal at the Presidential Villa in Abuja. Videos shared by presidential aides showed the moment the 44-year-old was received at the villa by President Tinubu in company with the Ministers of Finance and Coordinating Minister of the Economy, Wale Edun; Budget and Economic Planning,…
The ceilings of the Oduduwa Hall amphitheater at Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, collapsed on a number of students during a rainfall on Thursday morning. It was gathered that many students were attending lectures when the wooden ceiling fell on them.A source revealed that two students were in critical condition following the…
After holding a public hearing with stakeholders, the committee submitted its report for deliberation and approval by the Senate. In his report, Abaribe presented 10 recommendations to the Senate and urged it to prevail on the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of MYTO, 2024 which approved over 200 percent upward review…
Portable was arrested on Tuesday in the Abule Egba area of Lagos for allegedly refusing to pay the balance of a G-Wagon vehicle he purchased from a car dealer. Portable crooner was reported to have bought the vehicle worth ₦27 million but paid only ₦13 million, with ₦14 million balance. Portable in a viral video,…
The Lagos State Government has announced an initiative in which it would partner with an international organisation to provide opportunities in Information and Communications Technology (ICT) for one million youths. The Commissioner for the Ministry of Youth and Social Development, Mobolaji Ogunlende, made this known on Wednesday, in Ikeja. He spoke during the ongoing Ministerial…
This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by the National Bureau of Statistics on Wednesday. The Federal Government had ruled out the importation of food as part of strategies to address the high costs of…
The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) set up by President Tinubu has hinted of plans to revolutionise Nigeria’s tax system, exempting 95% of the informal sector from all taxes. The Chairman of the Committee, Taiwo Oyedele, who disclosed this to newsmen at the weekend at the end of the close-out retreat of…
