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Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited, NNPC, on Tuesday assured Nigerians that the fuel scarcity being experienced in some parts of the country will reduce by next week. He said this during an interview shown on Channels Television on Tuesday evening. He assured that the …

Contrary to widespread believe that the naira redesigning policy of the Central Bank of Nigeria was an initiative of the CBN Governor, Mr Godwin Emefiele, it has emerged that the initiative was conceived by President Muhammadu Buhari and pushed to the apex bank to implement in order to check the …

Bawa Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has been sent to prison for disobeying court order. The court also directed the Inspector-General of Police (IGP), Baba Usman Alkali, to effect Bawa’s arrest and remand him in Kuje prison for the next 14 days until he …

Femi Falana The Alliance on Surviving Covid-19 and Beyond (ASCAB), a group led by Femi Falana, human rights lawyer, has threatened a nationwide demonstration should the Federal Government fail to bring to an end the scarcity of fuel and naira notes in the country. The group, in a statement signed …

Selling fuel at a petrol station The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that marketers will cease operations once the government implements the N195 per litre pump price on Monday. Mr Mike Osatuyi, IPMAN’s National Operations Controller, clarified this in a statement released on Monday, in …

IGP Alkali Usman The Police Service Commission (PSC) has approved the promotion of three Assistant Inspectors General of Police (AIGs) to the rank of Deputy Inspectors General of Police (DIGs). A statement by Ikechukwu Ani, the head of press and public relations of PSC on Sunday in Abuja, said the …

File photo: Scene of Air Force jet crash Passengers onboard a Nigerian Air Force jet, on Monday, crash-landed at the Murtala Muhammed International Airport, Lagos. A source said the aircraft crash-landed on Runway 18R at the airport on Monday. Reports said there were six people on board and that there …

Old and Redesigned N1,000, N500 and N200 Notes The governments of Kaduna, Kogi, and Zamfara States have asked the Supreme Court to restrain the Central Bank of Nigeria from implementing its naira redesign policy which fixed February 10 as the deadline for the use of old notes. The suit was …

ACAMB empathizes with the Nigerian public on the unintended hardships being faced in the process of the ongoing rollout of re-designed naira notes and enhanced cashless policy. There is no doubt that the unintended constraints in the withdrawal of old naira notes and circulation of new naira notes, alongside the …

The abrupt collapse of one of Nigeria’s foremost commercial banks, Afribank Nigeria Plc, is not unconnected to mismanagement, crime and alleged fraud. The French investors’ bank was established in 1959 and operated as commercial bank, real estate, and insurance broker. It had over 250 branches nationwide and rated in Nigeria’s …