L-R Former CBN Governor, Godwin Emefiele, Minister, FMAFS Abubakar Kyari The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has distanced his administration from the N100bn worth of fertilizer reportedly released to the Federal Ministry of Agriculture and Food Security (FMAFS) on Tuesday. Cardoso, during the 294th meeting of CBN’s …
Read More »FAAN MD, Kuku, Reveals Why Contractor Abandoned Lagos Airport Runway
Managing Director of the Federal Aviation Authority of Nigeria, Olubunmi Oluwaseun Kuku, The Managing Director of the Federal Aviation Authority of Nigeria, Olubunmi Oluwaseun Kuku, has revealed how contractors awarded runway 18-Right at the Murtala Muhammed Airport, Lagos abandoned the project leading to closure for 11 months. The MD who …
Read More »Higher Interest Rate Looms As CBN Raises MPR Further To 24.75%
Dr. Olayemi Cardoso The Central Bank of Nigeria has further raised the Monetary Policy Rate to 24.75 per cent, a decision influenced by the rising inflation in Africa’s biggest economy. The apex bank took the hawkish stance on Tuesday at the 294th Meeting of the Monetary Policy Committee in Abuja. …
Read More »CBN approves sales of $10,000 to BDC at N1,251/$1
CBN Governor Olayemi Cardoso, The Central Bank of Nigeria (CBN) has approved the sale of $10,000 to each Bureau De Change (BDC) at the rate of N1,251/$1. This is contained in a circular to the BDCs by the CBN. According to the circular, the CBN approved a second tranche of …
Read More »People Attribute Tuberculosis-Related Symptoms To Spiritual Attacks — Pharmacists
The Association of Community Pharmacists of Nigeria (APCN) has disclosed that public perception about tuberculosis is very erroneous as many people tend to attribute tuberculosis-related symptoms to spiritual problems. The Vice Chairman of the Association, FCT Chapter, Mr. Aloba Olatunji, disclosed this during this year’s celebration of World Tuberculosis Day …
Read More »DMO Staff Testifies In Court Against Mamman Ali, One Other In Alleged N2.2bn Oil Subsidy Fraud
Mamman Nasir Ali, suspect A prosecution witness with the Economic and Financial Crimes Commission (EFCC), Popoola Olayiwola, a staff of the Debt Management Office (DMO), has testified in court against Mamman Nasir Ali and Christian Taylor, who are being prosecuted for an alleged N2.2bn oil subsidy fraud. Ali and Taylor …
Read More »DIAMOND FAMILY SUPPORT FOUNDATION CELEBRATES DR UMEOJI ON NEW APPOINTMENT
The Diamond Lady Family Support Foundation has sent a congratulatory message to Dr. Adaora Umeoji on her recent appointment as the Group Managing Director and Chief Executive Officer of Zenith Bank. In a press statement released on Friday evening by the Foundation’s President General, Mrs Nkiru Uzoechina, and the Secretary …
Read More »Nigerian Government Should Treat Bandits Like Niger Delta Militants, Grant Them Amnesty – Sheikh Gumi
Gumi noted that the Nigerian military has been hard on bandits with the approach it uses to win the war against banditry in the northern part of the country. Islamic cleric, Sheikh Ahmad Gumi has said that the Niger-Delta region is relatively peaceful after the Nigerian government granted amnesty to …
Read More »Sanwo-Olu empowers 350 Lagosians with vocational tools to eke out a living
Lagos First Lady presents tool to one of the beneficiaries. Wife of the Lagos State Governor, Dr. Ibijoke Sanwo-Olu on Thursday empowered 350 Lagosians with vocational tools to eke out a living for themselves. Sanwo-Olu presented the vocational tools to the beneficiaries at the State House, Ikeja. Some of the …
Read More »Dump Your Hoarded Dollars Now To Avoid Sorrow And Tears, Tinubu Presidency Advises Currency Speculators
President Bola Tinubu’s special adviser on information & strategy, Bayo Onanuga gave the advice on Thursday, noting that with a backlog of FX settled, naira was set to appreciate further and faster. The Presidency has advised currency speculators to quickly dump their stock of dollars to avoid sorrows and tears. …
Read More »