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…Says it’s time for real central bankers to control CBN rather than commercial bankers Former Presidential Candidate and a Chieftain of the All Progressive Congress (APC), Mr. Gbenga Olawepo-Hashim has asked the Federal Government to dump the free float of the Naira in exchange to other currencies, for the Nigerian traditional managed float and allocate Nigeria’s forex and domestic resource for the nation’s economic and national priorities. He noted that for some time now, especially...

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The President of the Senate, Godswill Akpabio said Nigerians are protesting against the state of the country’s economy because they were ignorant of the grand plans of President Bola Tinubu’s government. There have been street protests across Nigeria since last week over the high cost of living occasioned by the removal of the gas subsidy and other reforms of President Tinubu whose administration is nearing one year. The umbrella body of Nigerian workers, the Nigeria...

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The Economic and Financial Crimes Commission, EFCC, has gone all out to save Nigeria’s local currency, the naira from its continued free fall against foreign currencies. On Wednesday, Nigeria’s forex crisis saw the naira trade for N1,830/US$1 in the streets. The official exchange rate does not fare better too. The currency has plunged to N1,555/US$1, moving closer to the street rate. The naira also weakened against the Great British Pound and the Euro. The rates...

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The Bill sponsored by the senator representing Benue South Senatorial District and Senate Minority Leader, Comrade Abba Moro and co-sponsored by all the senators from North Central for the establishment of the North Central Development Commission (NCDC) passed the Second Reading on the floor of the Senate on Wednesday. The First Reading of the bill was on the 5th of October, 2023, and sponsored in the 9th Senate by Senator Moro where it passed the...

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One of the founding fathers of the Economic Community of West African States (ECOWAS) and Former Nigerian head of state, Yakubu Gowon has urged the regional political and economic union to lift sanctions on Mali, Burkina Faso and Niger Republic. The Former Head of State made the plea in an open letter to the Heads of State and the ECOWAS member states on Wednesday. The 15-nation bloc of ECOWAS – formed in 1975 to promote...

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A cleric, Adewale Adelu, and five others have been sentenced to death by hanging over their role in armed robberies in Ondo state. The Ondo State High Court sitting in Akure said the convicts, Adelu, including Ikechuckwu Maduagwu, Fayemi Olubusuyi, Ropo Adeleye, Dele Otopka, and Bayo Omotosho were found guilty of attacking and robbing two commercial banks in Akure, the state capital and Idanre 13 years ago. The robbery incidents occurred at the defunct Diamond...

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…”Protest will go on”, NLC responds As Nigerian workers under the umbrella of the Nigerian Labour Congress, NLC, are warming up for a total shutdown on February 27 and 28, the Department of State Services, DSS, wants the protest cancelled “in the interest of peace and public order.” Last Friday, the NLC declared a two-day nationwide mass protest to press the government to address the economic turbulence that has seen the naira weaken by the...

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The Nigerian Army (NA) on Tuesday smoked out terrorists in Yadi Forest in Kidandan village in Kaduna. The “deep clearance operations”, according to the NA spokesman Major General Onyema Nwachukwu on Wednesday, led to the killing of one of the terrorist gang members. The terrorist fighter was killed in the heavy firefight between the soldiers and the outlaws. Other gang members subsequently took to their heels to avoid meeting a similar fate. “During the operation,...

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The presidential candidate of the Labour Party in the 2023 Presidential election, Peter Obi, has urged the federal government to end the inconsistency in duty charges, saying it is affecting the business atmosphere of the country. Obi made this known in a series of posts via his X handle on Wednesday, February 21. Obi stated that the government should show consistency in its policies, adding that it would help with economic forecasting and business planning....

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Children, Sexual and Gender-Based Violence Court, sitting at the Chief Magistrate Court, Awka, has remanded Mrs Adachukwu Okafor, a lawyer in police custody for brutalizing a 11 years old girl living with her. Okafor had been accused of using sharp objects to injure the girls private part for some domestic chores she failed to do. She had a day earlier appeared before the Anambra State commissioner for Women Affairs and Social Welfare, and had claimed...

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