CBN Governor Reveals $2.4bn Forex Backlog from Non-Existing Entities
Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), disclosed that a significant portion of the $7 billion foreign exchange backlog inherited by his administration consisted of questionable transactions. During an interview on Arise TV on Monday, Cardoso shed light on the challenges faced in addressing the backlog and the findings of […]
NAFDAC Implements Restrictions on Sale of Alcoholic Beverages in Small Packaging
The National Agency for Food and Drug Administration and Control (NAFDAC) has initiated the enforcement of its 2022 restrictions on the manufacturing, distribution, and sale of alcoholic beverages packaged in sachets, PET, and glass bottles of 200ml and below. This move, aimed at curbing the consumption of alcohol among vulnerable populations, was announced by the […]
FG has assured Nigerians that it will implement macroeconomic reforms to stabilise foreign exchange market
The Minister of Information and National Orientation, Mohammed Idris, gave the assurance on Saturday in Minna, at the 2024 Press Week of the Niger State Chapter of the Nigeria Union of Journalists (NUJ). Idris said government will implement reforms that will boost economic growth, curb inflation, ease the cost of living and stabilise the foreign […]
FG suspends posting NYSC members to states considered unsafe
The Federal Government has suspended the posting of National Youth Service Corps members to states considered unsafe due to the security challenges in the country. The Minister of Youths Jamila Bio-Ibrahim, who revealed this on Sunday while featuring on Channels Television’s Sunday Politics, also aid the NYSC is working with security outlets to ensure corps […]
One dies as abducted Ekiti pupils and staff regain freedom
The pupils and teachers of the Apostolic Faith Montessori School in Emure Ekiti kidnapped on January 29 have regained their freedom. The schoolchildren were released earlier on Sunday. However, the driver, who was also among the abductees, was killed and burnt by the assailants. The Ekiti State Government has also confirmed the release of the […]
NCAA reads riot act to airlines over flight disruptions
The Nigeria Civil Aviation Authority (NCAA), has read the riot act to domestic airline operators, expressing displeasure over the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. In a statement on Sunday, signed by its Acting Director General, Capt. Chris Najomo, it said errant airlines will be sanctioned […]
The EU and the FG have launched the Nigeria Residential Sector Demand-Side Survey
It was launched by the Minister of Power, Adebayo Adelabu, alongside other government officials in Abuja. At least 5,400 households across the six geopolitical zones of the country will be surveyed in the exercise, aimed at helping the government to formulate and implement functional energy policies. The survey, in alignment with the Sustainable Development Goals […]
TCN Restores National Grid Following Partial Disturbance
The Transmission Company of Nigeria (TCN) has announced the full restoration of the national grid after experiencing a partial disturbance at approximately 11:21 a.m. on Sunday. Mrs. Ndidi Mbah, TCN’s General Manager Public Affairs, stated that the company promptly initiated the restoration process for the affected part of the grid. Prior to the incident, the […]
Namibia Swears In New President After Geingob’s Death
Nangolo Mbumba has taken his oath of office as Namibia’s new president hours after the death of Hage Geingob. Geingob died on Sunday in a hospital in Windhoek, his office said. During his acceptance speech, Mbumba paid tribute to his late predecessor and called for calm. Read Full Acceptance Speech by His Excellency President Dr. […]
Nigerian Afrobeats Stars Miss Out on Grammy Awards Despite 10 Nominations
Despite receiving 10 nominations across five categories at the 66th Grammy Awards, prominent Nigerian Afrobeats stars, including Burna Boy, Davido, Tems, Ayra Starr, Olamide, and Asake, failed to secure any wins. The inaugural ‘Best African Music Performance’ trophy went to South African singer Tyla for her 2023 track, “Water.” All nominations for the Afrobeats stars […]
