News

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. In a statement issued by Hakama Sidi-Ali, Director of the CBN’s Corporate Communications Department, the apex bank described the development as a decisive turnaround from the deficits …

….. Promises 750 Food Palliatives to constituents   Desirous of fostering local talent development through grassroots football, the Secretary to the Local Council Development Area of Ojokoro, Community. Kola Omisore has concluded plans to host the 20th edition of the Kolatoons 5-aside Football tournament. Scheduled to hold on Friday, 18th …

In a statement issued on Monday, the renowned human rights lawyer urged the President Bola Tinubu-led Nigerian government to take immediate action to stop the violence. Human rights lawyer and Chairman of the Alliance on Surviving COVID-19 and Beyond (ASCAB), Femi Falana, SAN, has described the persistent killings and abductions …

The Federal High Court in Abuja will on May 28, hear the Economic and Financial Crimes Commission (EFCC)’s motion seeking an order for final forfeiture of N228.4 million linked to former Governor of Abia, Theodore Orji. Justice Emeka Nwite adjourned the matter to hear the motion after the EFCC’s counsel, …

A financial expert, Prof. Uche Uwaleke has said the accretion of Foreign Exchange Reserves (NRER) at 23.11 billion dollars to Nigeria’s external reserves puts the Central Bank of Nigeria (CBN) in a stronger position to defend the value of the naira. “The CBN can leverage rising external reserves to intervene …

The Nigerian Navy’s Western Naval Command has reaffirmed its commitment to strengthening its partnership with SIFAX Group in ensuring the security of Nigeria’s coastal and maritime environment. During a courtesy visit to SIFAX Group’s management, the Flag Officer Commanding (FOC) of the Western Naval Command, Rear Admiral Michael Gregory Oamen, …

The National Drug Law Enforcement Agency (NDLEA) said it seized more than 10 million kilogrammes of various illicit drugs between 2021 and 2024, with 57,792 suspects arrested during the same period. The NDLEA Chairman, retired, Brig.-Gen. Buba Marwa disclosed this during the signing of the partnership agreement with the General …

SquirrelPR, Africa’s leading PR management software has announced the release of RANKED2025, its highly anticipated annual report that analyses the performance and influence of digital news platforms across Africa. The latest edition sheds light on the evolving consumption patterns, platform influence, and emerging trends in five key African media markets: …

The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan. According to a source at the World Bank who spoke to our correspondent under the condition of anonymity on Friday, the amount is being provided under the Finance …

The Lagos State Ministry of Waterfront Infrastructure Development has issued multiple stop work orders and contravention notices to developers found violating the state’s established waterfront setback regulations in the Lekki area. The Lagos State Ministry of Waterfront Infrastructure Development made this known in a statement it issued to newsmen on …