News

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), says badly managed banks should not have a lifetime guarantee. Moghalu’s statement is coming two days after the CBN revoked the banking licence of Heritage Bank due to the company’s “inability to improve its financial performance”. On …

The presidency says the two fiscal policy documents in circulation have not been approved by the federal government. According to the presidency on Thursday, the documents are still policy proposals subject to reviews at the highest level of government. “One of the documents titled Inflation Reduction and Price Stability (Fiscal …

The National Orientation Agency (NOA) says the federal government has not allocated funds for the promotion of the new national anthem, contrary to reports on social media. Lanre Issa-Onilu, the director-general of the agency, spoke on Wednesday at the presentation of the official version of the new national anthem in Abuja. …

The Federal High Court sitting in Lagos on Wednesday granted the Federal Government an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. Justice Chukwujekwu Aneke made the order sequel to a motion filed and argued by …

This recommendation was given by the ad hoc committee set up by the House of Assembly mandating the investigation of all finances, loans and contracts awarded under Nasir El-Rufai’s government. The Kaduna State House of Assembly  has recommended the probe of former governor of the state, Nasir El-Rufai for abuse …

FCID Annex, Alagbon Operatives of the Force Criminal Investigation Department, FCID at Alagbon Close, Force Headquarters Ikoyi, Lagos have arrested a businessman, Nicholas Omion, 51 and his alleged female accomplice, Funmilayo Oruma, 50, and charged them before a Lagos Magistrate’s Court for allegedly stealing and damaging properties valued at N283m …

Ms. Claudia Sheinbaum President Bola Tinubu has extended his congratulations to Ms. Claudia Sheinbaum on her historic election as the first female President of the United Mexican States (Mexico). This is contained in a statement issued by presidential spokesman, Ajuri Ngelale on Wednesday. Sheinbaum won the Mexican presidential election by …

This was disclosed in a communique issued after its general meeting held in Kaduna State, while informing all its chapters to give a two-week ultimatum to the chief medical directors and managing directors (CMDs/ MDs) to immediately pay the owed allowance. The Nigerian Association of Resident Doctors (NARD) has threatened …

Impeached Edo Deputy Governor, Phillips Shaibu A Federal High Court in Abuja has adjourned the hearing of Phillip Shaibu’s suit challenging his impeachment as Edo Deputy Governor to June 28. The hearing was initially set for Monday, June 3 but was postponed due to a labour strike and the absence …

The Federal Government, through the National Salaries Wages and Income Commission, has extended an invitation to the leaders of the Nigeria Labour Congress and Trade Union Congress in a bid to stop ongoing strike by organized labour. However, it is not certain if the Labour leaders will attend the meeting. …