President Tinubu Woos International Development Financiers

Nigerian President Bola Tinubu has called on International Development Financiers to see Africa as a destination for growth and prosperity. Tinubu during a meeting with a delegation of the International Finance Corporation, IFC, a member of the World Bank Group, led by its Managing Director, Mr. Makhtar Diop, urged global financiers to consider more strategic investments in agriculture, infrastructure, research, and development on the continent. “The IFC and the World Bank need to see Africa...

Atiku Accuses Tinubu’s Administration Of Diverting Funds Through Secret Petrol Subsidy

…Says FG Should Be Courageous In Owning Its Policies, Accountable To Nigerians The Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Alhaji Atiku Abubakar, has accused the Bola Tinubu administration of diverting public funds through petrol subsidy, hence the refusal of the government to reveal how much is being spent on subsidy. Atiku made the remark in a press statement on Thursday signed by Paul Ibe, his Media Adviser in...

Afenifere Commends Tinubu Over Naming Of Wole Soyinka Way in Abuja

The pan-Yoruba socio-cultural and socio-political organisation, Afenifere, has commended President Bola Tinubu for naming the Arterial Road in the Federal Capital Territory, Abuja, after Professor Wole Soyinka. This was contained in a press statement signed by the organisation’s National Publicity Secretary, Comrade Jare Ajayi, on Thursday. Recall that President Tinubu, on Tuesday this week while commissioning the said road which runs from Northern Parkway to Outer Northern Expressway (ONEX) in the Federal Capital Territory (FCT),...

National Orientation Agency Officially Presents The New National Anthem

The Director General of the National Orientation Agency, NOA, Mallam Lanre Issa-Onilu, has formally presented the official National Anthem to Nigerians. Speaking at the press conference organized by the Agency at the headquarters Abuja, the DG stated the importance of publicizing the correct version, rendition, and lyrics of the new National Anthem to Nigerians worldwide. “It is important to know the approved version of the National Anthem as it serves as the identity of our...

Paul Chukwuma’s Alleged Arrest: Nigerian Media and the Rising Fake News Culture

“Invitation by ICPC is part of their routine regulatory duties and this should not raise any concern.” —Ebuka Onyekwelu The story of the arrest and detention of Mr. Paul Chukwuma is untrue in its entirety. Stories like this are easy to verify. The good thing, however, is that the fake story has once again raised a serious question of credibility and reliability within Nigeria’s media space. It is disturbing that media outfits can just pick...

Senate Approves 300% Salary Increase for Nigerian Judges

The Nigerian Senate on Wednesday passed a bill granting a significant pay rise to judicial officers across the country. The legislation proposes a 300 per cent increase in salaries, allowances, and fringe benefits for the Chief Justice of Nigeria, CJN, and all other judges at both federal and state levels. This decision comes after a report by the Senate Committee on Judiciary, Human Rights, and Legal Matters, chaired by Senator Mohammed Monguno, was presented and...

Naira Seen Weakening to N1,450-$1 by Year-End, Says Fitch Ratings

International credit rating agency Fitch Ratings has projected a decline in the value of the Nigerian naira by December 2024. The agency forecast the naira to settle around N1,450 to the US Dollar by year-end. This projection comes as the naira currently trades around N1,488 to the USD on the official market and N1,500 at the parallel market (as of 5 June 2024) amidst ongoing volatility in the Nigerian foreign exchange market. The naira has...

Court Freezes N11.1 Billion Properties Linked to Former CBN Governor

A Federal High Court in Lagos has ordered the interim forfeiture of properties valued at N11,140,000,000 allegedly linked to Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria, CBN. Justice Chukwujekwu Aneke issued the order on Wednesday after an ex parte motion filed by the Economic and Financial Crimes Commission, EFCC. The EFCC, represented by senior advocate Rotimi Oyedepo, argued that the properties were suspected proceeds of unlawful activities by Emefiele. Emefiele...

Nigerian Government Defends Detention of Finance Executive, US Lawmakers Disagree

The Nigerian government is facing mounting pressure from the United States following the detention of Tigran Gambaryan, a US citizen and head of financial crime compliance at cryptocurrency exchange Binance. Gambaryan was arrested in April during a visit to Nigeria to discuss Binance’s compliance with local regulations. Nigerian authorities have accused Gambaryan of money laundering and other financial crimes. However, these charges have been met with scepticism by the United States. In a recent letter...

WP2Social Auto Publish Powered By : XYZScripts.com