President Bola Tinubu has asked the Senate to approve the appointments of five individuals as directors of the Central Bank of Nigeria (CBN) and Hon. Amidu Tadese Raheem as Commissioner of the National Population Commission (NPC). The announcement came as Senate President Godswill Akpabio read Tinubu’s letter on the Senate floor, emphasizing the compliance with relevant legislative provisions. Tinubu, in his letter, cited Section 6(1a) of the Central Bank of Nigeria (CBN) Establishment Act 2007 and Section 154(1) of the Constitution of the Federal Republic of Nigeria, 1999 as amended, as the legal basis for the appointments. Expressing confidence in…
Author: Omolemi Eboisetale
The Federal Ministry of Information & National Orientation has issued a scathing criticism against the Peoples’ Democratic Party (PDP) governors, accusing them of misrepresenting the country’s economic situation. In a press statement released on February 13, 2024, the Ministry slammed the PDP governors for their recent press conference in Abuja where they discussed the nation’s economic and security challenges. According to the Ministry, while acknowledging the PDP governors’ call for a bipartisan approach to addressing national issues, they asserted that the governors failed to fulfill their roles as leaders. They accused the PDP governors of unfairly comparing Nigeria’s economic challenges…
The newly constructed High Court complex in Kwara State, located in the Government Reservation Area of Ilorin, the state capital, was severely damaged by fire early on Tuesday morning. The inferno ravaged the main building, damaging 40 offices, three open courtrooms, the Registry Department, and the Litigation Office. According to the Kwara State Fire Service, the fire, which was first noticed at around 7:25 am, was triggered by a surge in electricity supply to the area. Responding swiftly to a distress call, firefighters rushed to the scene to combat the blaze. Hassan Adekunle, the Head of Media and…
A proposed bill seeking to raise the education requirements for individuals vying for top political positions in the country has been rejected. Spearheaded by Representative Oriyomi Onanuga, the bill sought to elevate the minimum educational qualifications for the presidency, governorship, and membership in the National Assembly, sparking a contentious debate among legislators. Onanuga, the driving force behind the bill, passionately argued for the necessity of higher educational standards, asserting, “Increased qualifications are essential to ensure that only the most competent and qualified individuals lead our country.” She emphasized the crucial role of intellectual capacity and educational attainment in…
In response to the ongoing issue of persistent power outages across Nigeria, government has issued warning to electricity distribution companies (DisCos), threatening to impose a 50% sanction on them for their failure to provide adequate service to consumers. Musiliu Useni, the vice chairman of the Nigerian Electricity Regulatory Commission (NERC), made the announcement in a statement released on the commission’s official platform. He emphasized the need for DisCos to enhance their performance or face severe consequences. “NERC will assess performance on a case-by-case basis. Sanctions and actions will vary accordingly. DisCos must strive to improve efficiency. Failure to…
On the occasion of World Radio Day 2024, Nigeria joins the global community in celebrating radio’s lasting influence as a mainstay of communication, entertainment, and education. The theme for this year’s celebration titled, ‘Radio: A century informing, entertaining and educating,’ “reflects the remarkable achievement of radio as a means of communication and information for over 100 years, despite the advent of social media,”Mohammed Idris stated. Honourable Minister of Information and National Orientation, Mohammed Idris, stated the importance of radio in Nigerian society since its inception in 1933. Recognizing radio’s unparalleled reach, the government has emphasized its role in disseminating…
In the wake of the unexpected demise of Access Bank’s former Group Chief Executive Officer, Dr. Herbert Wigwe, Bolaji Agbede has been named as the Acting Group Chief Executive Officer, pending approval from the Central Bank of Nigeria. The announcement was made by the Board of Directors of Access Holdings Plc on February 12, 2024. Ms. Agbede, with a strong professional background spanning nearly three decades, is poised to steer the affairs of Access Holdings Plc through this challenging period. In a statement, the Board highlighted Ms. Agbede’s extensive experience and strategic acumen, emphasizing her pivotal role within…
Nasarawa State Governor Abdullahi Sule has called for an urgent need for institutional reforms to address the mounting concern over exploitation in Nigeria’s solid minerals sector. Speaking at a public policy dialogue organized by the House of Representatives Committee on Solid Minerals, Governor Sule highlighted the disparity between the earnings of non-Nigerian operators and the compensation received by local communities. Governor Sule expressed dismay over the situation, citing an example where a community in Nasarawa received a mere N700 million in compensation, significantly lower than the potential earnings from minerals like lithium, which can reach up to $76,000…
Former Governor of Edo State, Adams Oshiomhole, voiced his concerns over what he termed as “reckless policies” enacted during former President Muhammadu Buhari’s administration, attributing them to the current economic hardship facing Nigerians. Oshiomhole lamented the adverse effects of these policies, stating that they were designed to further burden an already struggling population. He emphasized his loyalty to Nigeria and highlighted his previous protests against policies he believed were detrimental to the nation’s well-being. Echoing similar sentiments, former Governor of the Central Bank of Nigeria, Lamido Sanusi, defended President Bola Tinubu against blame for the ongoing economic challenges.…
Former U.S. President Donald Trump has once again stirred controversy with his recent comments regarding NATO funding and the alliance’s crucial Article 5, prompting sharp reactions from global leaders. Trump’s remarks, made at a campaign rally in South Carolina, reignited debates over NATO’s structure, funding, and the principles of collective defense. Trump, known for his outspoken criticism of NATO during his presidency, reiterated his stance on burden-sharing, suggesting that countries failing to meet defense spending targets could not expect unconditional protection from the alliance. Specifically, he recounted a hypothetical conversation where he indicated a reluctance to defend NATO allies who…
In line with the recent reports that influencers and content creators would be subject to Pay taxes,The Federal Inland Revenue Service (FIRS) has stated it has no intention to tax online content creators. A reliable source within the FIRS, who preferred to remain anonymous, said that the agency’s jurisdiction primarily involves the collection of Company Income Tax, rather than Personal Income Tax, which falls under the purview of state governments. The source reiterated that only corporate entities earning profits exceeding N25 million are obligated to pay taxes. Addressing recent media reports alleging content creators’ involvement in tax evasion, the…
Two captives were freed by Israeli forces in Gaza, while airstrikes in the southern city of Rafah claimed the lives of other people. Following a difficult operation supported by airstrikes, Israeli special forces were able to free the captives, Fernando Simon Marman and Louis Har, who had been detained by Hamas for 128 days. The rescue operation, carried out early Monday morning, saw the Israeli military deploying a combination of intelligence, internal security services, police special forces, and an IDF tank brigade. The hostages were found in the hands of Hamas terrorists, with Israeli ground forces encountering resistance throughout the…