The naira will record massive gains in a couple of days against the United States dollars and other strong currencies in the foreign exchange market, the Presidency has said. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, urged speculators to quickly dump their dollars to avoid “tears”. He spoke against the background…
President Bola Tinubu has placed a temporary ban on foreign travels by ministers and heads of ministries, departments and agencies for an initial period of three months. According to a memo from the office of the chief of staff to the president, Femi Gbajabiamila, addressed to the secretary to government of the federation (SGF) and…
Senators on Wednesday warned of the growing threats posed by the menace of out-of-school children to Nigeria, calling for multi-sectoral interventions to tackle it. A 2022 report by the United Nations Educational, Scientific and Cultural Organization (UNESCO) states that around 20 million Nigerian children are not in school. This figure is said to represent 10…
Access Holdings Plc has announced that its flagship subsidiary, Access Bank Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited from KCB. KCB is also the holding company of KCB Bank Ltd, Kenya’s largest commercial bank. The…
Nurses in Nigeria have sued the Federal Government over the new certificate verification guidelines recently introduced by the government. The defendants include the Minister of Health, Muhammad Ali Pate, the Attorney General of the Federation (AGF), Lateef Fagbemi, and the Nursing and Midwifery Council of Nigeria (NMCN). On February 7, 2024, the NMCN published a…
The conflict between the Nigeria Labour Congress (NLC) and the Labour Party (LP) has taken another turn as members of the NLC, on Wednesday, picketed the headquarters of the party in the Utako area of the Federal Capital Territory (FCT), Abuja. The union members led by the acting Chairman of the Political Commission of the…
The Central Bank (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. This was contained in a statement on Wednesday, by the apex bank’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, in Abuja. The statement confirmed that…
The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria and spent by the former President Muhammadu Buhari-led administration says it has uncovered some infractions in the in the process of obtaining the overdraft. As such, the committee said it had concluded plans to summon…
The Osun State chapter of the opposition All Progressives Congress (APC) has leveled accusations against Governor Ademola Adeleke, alleging the allocation of contracts worth billions of naira to his relatives, specifically his brother, Dr. Deji Adeleke, and his nephew, David Adeleke, known as ‘Davido’. The APC claims that Adeleke has transformed the state’s governance into…
The African Union has appointed President Bola Tinubu as the Champion for Human Resources for Health and Community Health Delivery Partnership.Presidential spokesman, Ajuri Ngelale, disclosed this in a statement on Friday, titled, ‘President Tinubu appointed as AU Champion for health.’ “The African Union has identified the Nigerian leader as the right champion for this noble…
