News

BREAKING: Nationwide blackout as national grid collapses again

Nigeria, on Thursday, suffered another national grid collapse. The Abuja Electricity Distribution Company confirmed the development to its customers through its social media handles. The AEDC said the national grid collapsed at about 4:28 pm, plunging the country into darkness. “Dear valued customers, please be informed that the current power …

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UPDATED: CBN raises commercial banks capital base to N500bn

The Central Bank Nigeria on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500bn. This is coming days after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the …

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No more additional taxes, says FIRS boss Adedeji

Zach Adedeji The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, says additional taxes will not be introcuced in the country by the agency. Adedeji, as made known in a statement by his  Special Adviser on Media, Dare Adekanmbi,  said this on Wednesday, when the Chief Executive Officer of …

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Court discharges, acquits Mohammed Adoke in OPL 245 trial

Justice Abubakar Kutigi of the FCT high court has dismissed the charges of fraud, bribery and conspiracy filed against Mohammed Bello Adoke, former attorney-general of the federation, by Economic and Financial Crimes Commission (EFCC). Ruling on the “no case” submission made by Adoke, Kutigi said the EFCC failed to prove …

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FG declares March 29, April 1, public holidays

Olubunmi Tunji Ojo, Interior Minister_ The federal government has declared Friday, March 29 and Monday, 1st April, as public holidays to mark the celebrations of 2024 Good Friday and Easter Monday respectively. The minister of interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government. The minister made the …

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