EFCC to arraign Emefiele on fresh fraud charges
The Economic and Financial Crimes Commission (EFCC) has filed fresh charges, including alleged fraudulent foreign exchange allocation of $2 billion, against former Central Bank of Nigeria (CBN) Governor Godwin…
Purge yourself of greed for power – Omehia blasts Wike
Former Governor of Rivers State, Sir Celestine Omehia has come hard on the FCT Minister, Nyesom Wike, advising him to reduce his propensity for power and greed and allow Governor Siminalayi Fubara to do his work.…
Only military can end security challenges – Kwankwaso
A former Minister of Defence, and the New Nigeria People’s Party, NNPP, Presidential candidate in the 2023 general elections, Musa Kwankwaso, says the military has capacity to end the current security challenge…
Labour threatens showdown as FG insists on electricity tariff hike
The Federal Government, on Friday, insisted on the 240 per cent hike in tariff payable by power consumers in the band ‘A’ category despite calls for its reversal. It also revealed that the subsidised power pricing regime…
El-Rufai prepares to fight Tinubu in two courts
The immediate past governor of Kaduna State, Mallam Nasir El-Rufai is preparing to fight President Bola Tinubu in at least two courts, Saturday Vanguard can report. The prospects of the battle are to be staged in…
President Tinubu appoints management team for Nigerian Education Loan Fund
President Bola Tinubu has appointed the management team for the Nigerian Education Loan Fund (NELFUND) in a step towards enhancing access to higher education and fostering critical skill development for Nigerian students.…
Crowdfunding: Investors petition EFCC over N3bn trapped funds in Agrorite
Investors in one of Nigeria’s many agritech crowdfunding platforms, Agrorite, have petitioned the Economic and Financial Crimes Commission (EFCC) to help them recover their more than N3 billion trapped in the company’s…
Only FG can prosecute me – Ganduje tells Kano govt
The National Chairman of All Progressives Congress and former governor of Kano State, Dr Abdullahi Ganduje, on Friday, warned Kano Governor Abba Yusuf to concentrate on bringing good governance to his people instead of…
Naira Appreciation: Don’t expect reduction in price of commodities now – Experts warn…
• Cost of labour, farm inputs and transportation still high, says Suberu• Only mechanised farming will address Nigeria’s food crisis – Apeji• ‘Insecurity is a major factor government must address to encourage farmers…
Thousands of Philippine schools suspend in-person classes due to heat
Thousands of schools in the Philippines suspended in-person classes Friday, the education department said, as parts of the tropical country endured dangerously high temperatures. The months of March, April and May are…
Tinubu appoints chief officer for Consumer Credit Corporation
President Bola Tinubu has approved the appointment of Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP). Tinubu’s spokesperson, Ajuri Ngelale,…
Residents seek suspension of Eti-Osa LCDA boss for alleged N1.9b fraud
Concerned residents of Eti-Osa East Local Council Development Area (LCDA), yesterday, staged a protest at Lagos State House of Assembly demanding the removal of chairman, John Ogundare, who was allegedly indicted in a…
Electricity Tariff Hike: Tinubu’s Reforms Lack Human Face – Atiku
Former Vice-President Atiku Abubakar has rejected the hike in electricity tariff, saying it will worsen the suffering of the people. In a series of tweets on Friday, the Peoples Democratic Party (PDP) Presidential Candidate…
We’ll Remove All Obstacles Hindering MSMEs Growth – SMEDAN
Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Charles Odii, says the agency is determined to remove all obstacles that are militating against the growth of Micro, Small and…
Nigerian banks can compete better with new capital base – S&P Global
The increase in the minimum capital requirement for banks to operate in Nigeria can strengthen lenders competitive position against international and pan-African banking groups, S&P Global Ratings has said. The Central…
Naira now exchanges at 1,245 as BDCs await CBN to adjust rate
The naira on Friday appreciated to 1,245 per dollar on the parallel market, stronger than the rate at the official and Bureau De Change (BDC) segment of the foreign exchange (FX) market. At the official FX market, the…
Nigeria to unveil new National ID card with payment/ social service features
Nigeria is set to launch a new National Identity Card with payment and other social service features, National Identity Management Commission (NIMC) has announced. In a statement issued by Kayode Adegoke, the head of…
Treasury bills yield rise to 17.67% in 3months on rate hike
Yields in the Treasury Bills market increased at a much higher rate to 17.67 percent as at March 26, 2024 from 6.29 percent at the beginning of the year. This follows the unprecedented rise in the monetary policy rate by…
Lagosians battle water shortage despite N16bn budgetary allocation for corporation in 5 years
Water, just like food, is a basic need in the day-to-day activities of humans. In Lagos, Nigeria’s most populous city, the residents, however, grapple for survival of water, despite the existence of the Lagos Water…
Soliloquy Of Malam Audu Nagangare: A Satire
In this Nigeria, I don’t even know what to do to have some comfort again. In this scorching northern sun that is always hitting my bald and wetting my body anytime I go out at a time like this to provide for my family, I…
BREAKING: Expect More Increase In Electricity Tariff – FG Tells Nigerians
Two days after the Nigerian Electricity Regulatory Commission (NERC) approved increase of electricity tariff for customers under the Band A classification, the Federal Government has hinted that a similar measure would be…
CBN’s probe concluded, Tinubu thanks special investigator
President Bola Tinubu, on Friday, thanked the Central Bank Investigator, Mr Jim Obazee, for his services, officially closing the months-long investigation. “Subsequent to the conclusion of the assignment and the submission…
Fresh Wave Of Litigation Threatens First Bank Capitalisation
The recent directive of the Central Bank of Nigeria (CBN) to all banks in the country to further capitalise might be an impossible task for the First Bank…
Nigeria wants a road to rival the Pacific Coast highway. A prime Lagos beach resort stands in the…
When Lagos state authorities notified Nigerian business mogul Paul Onwuanibe in late March that he had seven days to leave his multimillion-dollar beach resort so it could be torn down, he thought it was an April…