Why We Are Probing El-Rufai’s Loans – Kaduna Assembly Speaker
Speaker of Kaduna State House for Assembly, Yusuf Liman, has explained why the House is probing the loans collected by the administration of the immediate past governor of the state, Mallam Nasir El-Rufai. Liman spoke on…
Nigeria’s FX reserves dip by nearly $2 billion in less than one month, hit lowest level in over six…
Nigeria’s foreign exchange (FX) reserves have witnessed a significant downturn, plunging by approximately $1.84 billion in 26 days, amidst the Central Bank of Nigeria’s (CBN) robust efforts to stabilise the naira. Current…
EFCC To Arraign Cubana Chief Priest For Abuse Of Naira
The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against popular Instagram celebrity Pascal Okechukwu also known as Cubana Chief Priest for allegedly spraying and tampering with the naira…
Pro-PDP group urges Atiku to drop 2027 ambition, demands sanctions for Wike
Barely 48 hours of the National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP), the PDP Loyal Group 100 percent, has said lasting peace will elude the party if former Vice President, Atiku…
FG now pays about N600 billion monthly for fuel subsidy – Rainoil CEO
Industry key player and CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government has resumed the payment of the controversial fuel subsidy following the devaluation of the Naira in the foreign…
Bobrisky: Portable seeks EFCC’s forgiveness for spraying money on fans
Controversial artist, Habeeb Okikiola, popularly known as Portable has called on the Economic and Financial Crimes Commission (EFCC) to forgive Bobrisky for spraying money on his fans. Portable’s plea is coming after…
Malami’s wife sues stepson, stepdaughter over inheritance
Asma’u Malami, the wife of the late Nigerian ambassador to South Africa, Shehu Malami, has filed a lawsuit against her stepson and stepdaughter over her husband’s will. The other plaintiffs are Ms Malami’s children,…
JUST IN: Kaduna assembly sets up committee to probe expenditure, projects under El-Rufai
The Kaduna house of assembly has set up a committee to examine the books of the state under the administration of Nasir el-Rufai, immediate past governor of the state. The committee has been tasked with looking at…
Man Utd speak to Garnacho over social media activity
Manchester United have spoken to Alejandro Garnacho after the winger liked social media posts criticising manager Erik ten Hag over his handling of the player. The Argentina international, taken off at half-time in their…
Kano Anti-Corruption Agency Files Fresh Charges Against Ganduje
The Kano State Anti-Corruption and Public Complaints Commission has announced new corruption charges and maladministration against an exGovernor Abdullahi Ganduje. According to the commission’s chairman, Muhuyi Magaji,…
Again, Customs slashes FX duty rate to N1,238/$
The Central Bank of Nigeria (CBN) has slashed the exchange rate for calculating Customs duties at the nation’s seaports by 0.7 percent following the further strengthening of the naira in the foreign exchange market. CBN…
Naira hits 1000/$ as market awaits clues from CBN
The naira hit an eight-month high of 1000 per US dollar at the black market on Tuesday, a remarkable turnaround for a currency that had looked destined to hit N2000/$ barely two months ago. Traders reported increased…
NCAA suspends three private jet operators for conducting commercial flights
The Nigeria Civil Aviation Authority (NCAA) has suspended Permits for Non-Commercial Flights (PNCF) who used their aircraft to carry out commercial flight operations.…
Nigeria’s Dollar Reserves Plunge In Tandem With Naira Rebound
Nigeria is burning through foreign-exchange reserves at a rate not seen in four years, raising concerns that the central bank is depleting its dollar holdings to support the naira after pledging it would allow the…
BREAKING: FG begins disbursement of N200bn palliative loans
The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank…
THE INSIDER: How TETFund awarded N7.6bn questionable contracts within two months
The Tertiary Education Trust Fund (TETFund) has awarded N7.6 billion contracts to two companies without due process, TheCable has learnt. Within two months, TETFund awarded N3.8 billion respectively to Fides Et Ratio…
Ibadan attack: Police launch manhunt for Abiola’s widow
The police yesterday launched a manhunt for Mrs. Dupe Onitiri-Abiola, a suspected sponsor of the invasion of the Oyo State Government Secretariat in Ibadan by some Yoruba Nation agitators. The manhunt for Mrs.…
Naira’s resurgence boosts Dangote’s wealth to $17.7 billion
The resurgence of the Nigerian naira on both official and black markets has coincided with a spectacular gain in wealth for Africa’s richest man, Aliko Dangote. Based on information gathered from the Bloomberg…
Man jailed 27 years for stealing N2.3m in Ekiti
An Ekiti State High Court, Ado Ekiti Division has sentenced a 22-year-old man, Dipo Femi, to 27 years imprisonment for conspiracy, burglary and stealing. The sentences which will run concurrently from the day of arrest…
EFCC arraigns lawyer and her father-in-law for alleged forgery in Lagos
A Nigerian lawyer, Oyinkansola Alakija, and her father-in-law, Alaba Alakija, have been arraigned by the Lagos Zonal Command of the Economic and Financial…
US Officials In Private Talks With Israel Warn About Planned Military Attacks On Iran, Withdraw…
The United States government in private conversations has warned Israel to reconsider its planned attacks on Iran after Iran’s recent attacks over the weekend. The US warned that if Israel chooses to retaliate militarily,…
Zulum Is Nigeria’s Best Governor – El-Rufai
Former governor of Kaduna State, Malam Nasir El-Rufai, has described Governor Babagana Zulum of Borno State, as the best in Nigeria at the moment. El-Rufai spoke at a Capacity-Enhancement Workshop for Senior Government…
Ganduje’s troubles continue as north central stakeholders push for chairmanship position in APC
Stakeholders from the North Central region in the ruling All Progressives Congress (APC) are intensifying efforts to reclaim the national chairmanship positions in the party. The move follows the zoning of the…
More pressures on pockets as food inflation rises to 40%
Nigeria has witnessed an unprecedented surge in food inflation, reaching a staggering 40% in March 2024, according to the latest data released by the National Bureau of Statistics (NBS). The figures released yesterday by…