The Economic and Financial Crimes Commission, EFCC today unveiled how the Central Bank of Nigeria, CBN under Godwin Emefiele transferred funds to companies operated by wife of the former governor. The EFCC gave insights into the questionable transfers while leading a witness, Mrs. Ifeoma William Ogbonnaya at the resumption of trial of the former CBN…
President Bola Ahmed Tinubu has approved duty-free importation of major food items like rice, beans and wheat, to cushion the impact of the high food prices Nigerians grapple with since assuming office a year ago. Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the measures are to be “implemented over the…
The Nigerian Nigerian Petroleum Company Limited (NNPCL), has blamed resurfacing of fuel queues in some parts of the country on the disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and Daughter Vessels resulting from recent thunderstorm. A statement by the company’s Chief Corporate Communications Officer, Olufemi…
Super Falcons of Nigeria will play a friendly match against Canada ahead of the 2024 Olympic Games. The preparation match will take place in Sevilla, Spain, on Wednesday, July 17.The Super Falcons will open their training camp in Sevilla for two weeks as part of their preparations for the Olympics tournament. The two teams previously…
The Kenya Revenue Authority (KRA) has clarified that if an employer provides meals valued above Sh48,000 annually to an employee, the entire value of those meals no longer qualifies as a non-taxable benefit under Section 5(4)(f) of the ITA. This was according to a circular issued by KRA in 2017, which ‘states that gains or…
Laymakers loyal to Nyesom Wike, the former governor of Rivers State have given the incumbent Governor Siminalayi Fubara a seven-day ultimatum to re-present the 2024 budget. According to reports the decision was reached at the first sitting of the pro-Wike lawmakers, led by Martin Amaehwule, months after they were sacked by a court. They gave…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun has confirmed that the federal government is current on its debt payments, having serviced $700 million for 420 national development agencies. While addressing the Senate Committee on Appropriation, the minister presented this update while discussing the budget’s performance. “We have paid $700 million…
The Nigeria Meteorological Agency (NiMet) has predicted thunderstorm and rains from Wednesday to Friday across the country. NiMet`s weather outlook released on Tuesday in Abuja predicted morning thunderstorms on Wednesday over parts of Jigawa, Kano, Katsina, Sokoto, Kebbi, Zamfara, Taraba and Adamawa states. “While afternoon/evening thunderstorms are expected over parts of Adamawa, Taraba, Jigawa, Kaduna,…
The Nigerian Education Loan Fund (NELFUND) has published a list of institutions that have submitted their complete student data for the student verification system (SVS) portal. In a statement on Sunday, NELFUND also revealed that students enrolled in the 36 state-owned tertiary institutions can now apply for student loans effective July 7, 2024. It also…
The Lagos State Government has issued a 48-hour vacation notice to squatters and owners of illegal structures along the Gbagada-Bariga drainage channel. The announcement was made by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, via a post on social media platform, X on Sunday. Wahab explained that the drainage channel, which serves…
