The Federal Government of Nigeria has unequivocally dismissed rumors circulating about purported discussions between Nigerian authorities and foreign nations regarding the establishment of foreign military bases within the country. In a recent statement issued by the Minister of Information and National Orientation, Mohammed Idris, Nigerians were urged to disregard such misinformation entirely. “The Federal Government is not engaged in any such discussions with any foreign nation. We have neither received nor are we entertaining proposals from any country regarding the establishment of foreign military bases in Nigeria,” the statement asserted. Highlighting existing collaborations with foreign partners in addressing prevailing security…
Author: Toba Ilori
The Federal Government has announced its intentions to remove the Naira from all peer-to-peer (P2P) platforms, as revealed by Emomotimi Agama, the Director General of the Securities and Exchange Commission, during a virtual meeting with blockchain stakeholders on Monday. This move is geared towards addressing the manipulation of the local currency’s value within the foreign exchange market. Regulatory authorities in the country have intensified investigations and oversight of cryptocurrency exchanges in recent months. On March 8, Binance, the largest cryptocurrency exchange, halted its Naira services amidst these developments.
In collaboration with the West African Institute for Financial and Economic Management (WAIFEM), the Central Bank of Nigeria (CBN) has initiated a pivotal five-day Regional Workshop on Project Management, Monitoring, and Evaluation using Results-Based Management. The workshop, commencing today, aims to bolster project management proficiency across the region. The inauguration ceremony, held in Abuja on Monday, saw the presence of esteemed figures, including Dr. Yusuf Bulus, representing Mr. Olayemi Cardoso, the Governor of CBN. Founded on July 22, 1996, by the central banks of five Anglophone West African countries—The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone—WAIFEM has a steadfast commitment…
The death toll in Kenya’s devastating floods has risen to at least 228. 72 people are currently reported missing and 164 have been wounded. The government spokesman, Isaac Mwaura, said Sunday (May. 5) that more than 223,000 people have been affected by the floods. Authorities continue to enforce the evacuation order that was issued on May 2nd. In Nairobi County alone, 163,210 residents have been evacuated from riparian areas as the government has arranged alternative accommodation. This figure accounts for “forcible or voluntary” evacuations. Isaac Mwaura insisted that the country remains safe for tourism. Holidaymakers and staff were evacuated from the…
In response to alarming reports of the alleged deportation of youths from Lagos to Ilesa and its surrounding areas, Governor Ademola Adeleke of Osun State issued a directive today, May 6, to bolster security measures in the region. A statement from Adeleke’s spokesperson, Olawale Rasheed, confirmed the disturbing incidents where youths were reportedly rounded up in various locations across Lagos and subsequently transported to Ilesa. The youths were allegedly dumped at several junctions, including the Ilesa-Akure Express, Breweries; Ilesa-Ibodi-Iginla to Ife Express; Osun Ankara Express; Imelu Express; and Iperindo Express junctions. Governor Adeleke, expressing shock over the matter, revealed that…
The Adamawa State Government has announced the postponement of the resumption of schools for the third term. This decision comes amidst growing concerns over a measles outbreak in certain Local Government Areas (LGAs) within the state. Initially scheduled to reopen on Monday, schools were instructed to close until the following Monday, May 13, mere hours after their formal reopening. The state Ministry of Education and Human Capital Development issued a circular today, May 6, 2024, citing the need to address the measles outbreak as the primary reason for the delay. The circular, signed by the Permanent Secretary, Aisha Umar, highlighted…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has urged corps members in Osun to actively engage in the fight against corruption and social vices across the nation. In an interview with NAN on Monday in Osogbo, Mrs. Winifred Ngboro, the Head of Public Enlightenment and Education Unit at the ICPC Osun office, emphasised the critical role of the ICPC in combating corrupt practices in Nigeria. Ngboro stressed that collective efforts from corps members would significantly contribute to reducing the prevalence of negative social behaviours. Ngboro highlighted the ICPC’s unwavering commitment to eradicating corruption from the system and…
Ikeja Electric Distribution Company (IE) has made a significant announcement, revealing a reduction in electricity tariffs for customers falling under Band A. Effective immediately, customers within this category will now pay N206.80/kWh, down from the previous rate of N225/kWh set by the Nigeria Electricity Regulatory Commission (NERC). In a circular issued by the company’s management, prominently featured on its “X” page on Monday, IE assured customers under Band A of uninterrupted power supply for 20 to 24 hours daily. However, it’s important to note that tariffs for customers falling under other categories, namely Bands B, C, D, and E, will…
Mrs. Uchechi Kanu, the wife of Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), expressed her gratitude to Senator Ifeanyi Ubah (Anambra South) for facilitating her recent visit to her husband, who has been in the custody of the Department of State Services (DSS) since his rendition from Kenya in 2021. Following her visit to Kanu in April, Mrs. Kanu commended Senator Ubah for his assistance, acknowledging that her peace of mind had been restored since seeing her husband. She revealed that despite previous difficulties in accessing Kanu, Senator Ubah swiftly intervened to ensure her visitation rights…
Following a tumultuous three weeks marked by scarcity, the supply and distribution chain of Premium Motor Spirit (PMS), commonly known as petrol, is gradually returning to normalcy. The Nigerian National Petroleum Company Limited (NNPCL) attributes the recent scarcity to “logistics” issues. Recent reports indicate a notable improvement in petrol supply across the nation. The NNPCL has reportedly opened up reserves to facilitate distribution to marketers, a move that has positively impacted the situation. Abubakar Maigandi, the National President of the Independent Marketers Association of Nigeria (IPMAN), expressed optimism about the situation, stating that if the current pace of supply continues,…
In a significant development for small-scale entrepreneurs, beneficiaries of the Federal Government’s N50,000 grant targeted at nano business owners have commenced receiving credit alerts. The Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, confirmed this over the weekend, stating that over 200,000 small business owners have already received their payments. Dr. Uzoka-Anite further disclosed that an additional 800,000 beneficiaries are slated to receive their grants before the program’s conclusion on May 31st. The initiative aims to extend support to a total of 1,000,000 Nigerians distributed across the 774 local government areas. Explaining the selection process, the minister revealed that…
In the face of recent bandit attacks in Katsina and Benue States, Governor Dikko Radda of Katsina State has raised alarm over what he claims to be collaboration between certain government officials, security personnel, and gunmen, effectively turning banditry into a lucrative enterprise. Governor Radda, speaking on Channels Television’s Politics Today, attributed the persistent insecurity partly to widespread poverty in the country. He made these assertions following a fresh attack by bandits in Unguwar Sarkin Noma community, where at least 24 residents lost their lives while resisting the invasion. Meanwhile, in Ogbaulu community, Agatu Local Government Area of Benue State,…