ABUJA — The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced the decision to end the sale of foreign exchange to banks by the end of the year. He indicated this on Thursday at a press conference in Abuja after consultation with the Bankers’ Committee. According to him, the introduction of the bank’s RT200 FX programme boosts the country’s foreign exchange inflow through non-oil exports. “The era is coming to an...
ABUJA — The Supreme Court has declared Executive Order 10 (EO10) on the funding of the State Judiciary and Legislature as unlawful and unconstitutional. In a split decision on Friday, a majority of the court’s seven-member panel agreed that the President exceeded his constitutional powers in issuing the EO10. Six of the seven members of the panel proceeded to void and set aside the EO10 issued by President Muhammadu Buhari. The apex court also dismissed...
EBU (Delta) — Delta government says it is partnering with its communities to bring back the middle class so as to spread prosperity. Mrs. Bridget Anyafulu, Commissioner for Humanitarian and Community Support Services, made the declaration in Ebu Kingdom, Oshimili North Local Government Area of the state. This was when she visited the Onu of Ebu, Obi Paul Opili, to brief him about the ministry’s mandate of providing community support services. “In line with the...
LAGOS — The Chief Executive Officer/Group Managing Director, Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has named MRS, Oando, Duke Oil, and Emadeb as the importers of the adulterated fuel currently in circulation in the country. In a statement on Thursday that the company received a report from its quality inspector on the presence of emulsion particles in Premium Motor Spirit (PMS) cargoes shipped by four companies to Nigeria from Antwerp-Belgium. According to...
ENUGU — The Enugu State Government has charged state Ministries, Departments, and Agencies, MDAs, to strategically think outside the box, plan and execute actions to internally generate revenues for a smooth implementation of the year 2022 budget. Speaking to representatives from the state MDAs at a one day summit organized by Enugu State Internally Revenue Service, ESIRS, at Base Event Centre, Independence Layout, Enugu, the Chairman of ESIRS, Prince Emeka Odo stated, Enugu State Internally...
ABUJA — The federal government has vowed to investigate the supply of adulterated premium motor spirit (petrol). Timipre Sylva, minister of state for petroleum resources, disclosed this to state house correspondents at the end of the federal executive council meeting on Wednesday in Abuja. The minister affirmed that decision to probe followed a briefing on the issue to President Muhammadu Buhari Tuesday to get to the bottom of the matter. “The issue did not come...
ABUJA — The bill that seeks to penalise public officials who receive medical treatment abroad using government funds has passed the second reading at the house of representatives. The bill is sponsored by Sergius Ogun, a legislator from Edo state. Section 46 of the act prohibits public employees from seeking medical treatment abroad using public funds. However, the bill exempted officials who received the recommendation of a medical board and were approved by a commissioner or minister....
YOLA — Governor Ahmadu Umaru Fintiri of Adamawa State has issued an Executive Order banning the use of Motorcycles from 5:00pm to 5:00am in Mbamba, Yolde Pate and Ngurore communities of Yola South Local Government. Also affected by the ban are Viniklang and Federal Housing Estate in Girei Local Government area. The development is a direct response to the growing activities of criminals that are disrupting the peace of the State. A statement by Mr....
ABUJA — The House of Representatives Ad-hoc Committee on Unclaimed Funds in Nigerian Commercial Banks and the Infractions of the Central Bank of Nigeria (CBN) was inaugurated yesterday. Also, the House has commenced investigations into the N1.2 trillion unclaimed funds of the Federal Government in commercial banks in the country aimed at recovering the huge cash. Chairman of the committee, Uniyme Idem, warned that there would be sanctions for anyone who does not cooperate with...
Obinna Iyiegbu, Anambra-born business mogul popularly called Obi Cubana, spoke on the topical issues surrounding ritual killings and the “get-rich-quick syndrome” vice among the youth. In a post shared on his Instagram page on Monday, the billionaire businessman blamed pressure from family members and the society at large for being responsible for the syndrome. According to him, society dictates how the youths should act and that societal and family pressures are expectations that affect the entire community. He explained that at a...
