FG begins disbursement of N25,000 to 15m households

NewsNigeriaPoliticsFG begins disbursement of N25,000 to 15m households

By Ezinwanne Onwuka (Senior Reporter)October 17, 2023

Nigerian government marked this year’s International Day for the Eradication of Poverty by flagging off a cash transfer programme targeted at 62 million Nigerians. In his speech, President Bola Tinubu, represented by the Secretary to the Government of the Federation, George Akume, said the programme is aimed at providing relief to Nigerians to cushion the impact of the removal of the petrol subsidy and other economic shocks. “Our objective is to lift millions of Nigerians...

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Women Affairs Minister seeks accountability from UN agencies on donor funds

NewsNigeriaPoliticsWomen Affairs Minister seeks accountability from UN agencies on donor funds

By Ezinwanne Onwuka (Senior Reporter)October 17, 2023

The United Nations [UN] may be sued for lack of transparency in utilizing money meant for Nigeria, according to Uju Kennedy-Ohaneye, minister of women’s affairs. At a televised press conference in Abuja on Monday, Kennedy-Ohaneye hinted that the UN might be spending the funds running into millions sourced from donors for intervention programs to better the lives of Nigerians. The Minister gave a 30-day ultimatum to the Antonio Guterres-led institution to provide a detailed report...

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FG earmarks N26.01 trillion for 2024 budget

NewsNigeriaPoliticsFG earmarks N26.01 trillion for 2024 budget

By Ezinwanne Onwuka (Senior Reporter)October 17, 2023

The Nigerian government plans to spend a jumbo-size budget of N26.01 trillion [$33.9 billion] in 2024, Atiku Bagudu, minister of budget and planning, said on Monday. Speaking to reporters after the federal executive council meeting with President Bola Tinubu in Abuja, Bagudu said the budget reflects the “commendable measures” that have been taken since June by President Tinubu to “restore macroeconomic stability.” The Budget Minister said the Nigerian government is working with an oil price...

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Award-winning Artist, Davido and Wife Chioma welcome twins

NewsNigeriaAward-winning Artist, Davido and Wife Chioma welcome twins

By Ezinwanne Onwuka (Senior Reporter)October 16, 2023

Nearly a year after losing their three-year-old son Ifeanyi, Davido and his wife Chioma welcomed twins – a boy and a girl – last week. The Nigerian singer confirmed the news in a televised interview in New York last Saturday, days after social media was awash with the news. “And it was in the same month – my son passed last year October, my wife gave birth this year October – it’s crazy,” he said....

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Valentine Ozigbo challenges Anambra Diaspora on change for brighter future

NewsNigeriaValentine Ozigbo challenges Anambra Diaspora on change for brighter future

By Ezinwanne Onwuka (Senior Reporter)October 16, 2023

“Ozigbo’s speech was marvellous, fantastic, and well-received by everyone at the hall,” Prof. Osita E. Aka, the immediate past Caretaker Chair of Anambra State Association, USA [ASA-USA] remarked after the keynote address delivered by politician and business mogul Chief Valentine Ozigbo at the national convention of ASA-USA in Atlanta on Saturday, Oct. 14. Prof. Aka’s remark is one of the many positive feedbacks that greeted Ozigbo’s speech. Onyi Erinne, ASA-USA Board Chairperson, described it as...

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S African Development Foundation CEO Travis Adkins visits Nigeria

BusinessNewsNigeriaS African Development Foundation CEO Travis Adkins visits Nigeria

By Ezinwanne Onwuka (Senior Reporter)October 16, 2023

President/CEO of the US African Development Foundation, USADF, Travis Adkins will be in Nigeria from October 16 to October 20. The USADF is an independent US government agency established to invest directly in African grassroots enterprises and social entrepreneurs. Adkins will visit Lagos State and the nation’s capital Abuja to deepen economic engagement and investment ties with Nigerian grassroots enterprises and social entrepreneurs. “In Abuja, P/CEO Adkins will engage with USADF grantees in the agricultural...

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FG extradites man to US to face fraud charges

Crime & SecurityNewsNigeriaFG extradites man to US to face fraud charges

By Ezinwanne Onwuka (Senior Reporter)October 16, 2023

A Nigerian, Alex Afolabi Ogunshakin, has been extradited to the United States to answer for charges of fraud after topping the Federal Bureau of Investigation’s, FBI, Cyber’s Most Wanted List for $6,000,000 [N4,654,500,000] fraud, Acting U.S. Attorney Susan Lehr announced last Tuesday, Oct. 10. Ogunshakin is alleged to have participated in a business email compromise, BEC, scheme from January 2015 to September 2016. According to the FBI, he and his co-conspirators defrauded over 70 businesses...

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Tinubu appoints new heads for CAC, SMEDAN, SON, others

NewsNigeriaPoliticsTinubu appoints new heads for CAC, SMEDAN, SON, others

By Ezinwanne Onwuka (Senior Reporter)October 14, 2023

President Bola Tinubu has approved the appointments of new chief executive officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment. Ajuri Ngelale, special adviser to the president on media and publicity, issued a statement on the appointments on Friday. Ngelale said the appointments were in line with the president’s “resolve to base Nigeria’s economic revival on the foundation of trade expansion through small, medium and large scale industry facilitation...

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CBN lifts foreign-exchange ban on 43 items

BusinessNewsNigeriaCBN lifts foreign-exchange ban on 43 items

By Ezinwanne Onwuka (Senior Reporter)October 14, 2023

The Central Bank of Nigeria, CBN, has ended an eight-year ban on 43 items that had been restricted from accessing foreign exchange, forex, on the official market. The importers of all the previously restricted items “are now allowed to purchase foreign exchange in the Nigerian foreign exchange market,” Isa AbdulMumin, CBN’s director of corporate communications said in a statement on Thursday. In 2015, the CBN banned manufacturers and importers of the items from accessing forex...

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President Tinubu names new EFCC chairman, secretary

NewsNigeriaPoliticsPresident Tinubu names new EFCC chairman, secretary

By Ezinwanne Onwuka (Senior Reporter)October 12, 2023

President Bola Tinubu has appointed Olanipekun Olukoyede as the executive chairman of the Economic and Financial Crimes Commission, EFCC. Presidential spokesperson Ajuri Ngelale, who announced the new appointment on Thursday, also said President Tinubu appointed Muhammad Hammajoda to serve as the secretary of the commission. Mr Olukayode will take over from Abdulkarim Chukkol, who took charge of the agency in an acting capacity after AbdulRasheed Bawa was suspended. Bawa was suspended on June 14, two...

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