The Central Bank of Nigeria (CBN) on Wednesday, announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion in claims. This was disclosed by the Bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in…
Nigeria commemorates one year of relentless counter-terrorism endeavors, aimed at curbing the scourge of terrorism, banditry, and violent extremism plaguing the nation. Spearheaded by the National Counter Terrorism Centre (NCTC), established on March 21, 2023, under the Terrorism Protection and Prohibition Act (2022), the country has seen a concerted effort to combat these threats head-on….
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Coalition for Dialogue on Africa (CoDA) have renewed their cooperation agreement in an effort to combat illicit financial flows (IFFs) and advance asset recovery initiatives in the country. Chairman of the ICPC, Musa Adamu Aliyu reaffirmed the commitment to combat IFFs, emphasizing the…
…As FG, states, LGs allocations hit N10.14tn The removal of subsidy on Premium Motor Spirit,(PMS) commonly called petrol, pushed up the statutory revenue allocations from the federation account that was shared by the three tiers of government in 2023 to N10.14tn. In a data released by the Nigeria Extractive Industries Transparency Initiative (NIETI) on Tuesday,…
Zenith Bank Plc has announced the foremost banker, Dr. Adaora Umeoji as its new Group Managing Director and Chief Executive Officer. This appointment was disclosed on Tuesday, in a statement signed by the company secretary, Michael Otu, which was filed with the Nigerian Exchange Limited. Umeoji’s appointment will take effect from June 1, 2024, following…
The Nigeria Communication Commission (NCC) has announced that there is now 90% restoration of the voice and data services affected by the cable cuts. This was confirmed in a statement on Monday by the NCC director, Ruben Mouka on Monday. “We are pleased to announce that services have now been restored to approximately 90 per…
In response to recent allegations of a data breach by a private organization, XpressVerify, the National Identity Management Commission (NIMC) has issued a press statement reaffirming its commitment to safeguarding citizens’ data. On Saturday, Foundation for Investigative Journalism (FIJ) had reported that xverify, a private website had access to National Identification Numbers (NINs) and…
The National Multidimensional Poverty Index (NMPI), Study in 2022, has shown that majority of people in Jigawa state, specifically 8 out of 10, experience severe poverty. Jigawa, a state in Northwestern Nigeria, has a population of 5.6 million, with 84.3 percent of its residents living in extreme poverty. The Nigeria Multidimensional Poverty Index (NMPI) reveals…
John Nwokocha An all-time high inflation has hit Nigeria’s food sector with a figure reaching 37.92 percent, representing 38 percent in the first nine months of President Bola Tinubu’s administration. This is the latest food inflation index released by the National Bureau of Statistics (NBS). Tinubu had met food inflation rate at 24.48 percent upon…
Despite promises made by the federal government to ease the burden of increased fuel prices on Nigerians through the introduction of high-capacity CNG buses, recent findings by the African Health Report (AHR) reveal that 20 of these buses are currently lying idle at the federal Secretariat car park in the FCT. The initiative, which was…
