NewsReports

The Central Bank of Nigeria (CBN) said it has sold $122.671 million dollars to to 46 authorised dealers in its determination to promote stability and reduce market volatility in the foreign exchange market. A statement signed by the Bank’s Director in charge of Financial Markets, Dr. Omolara Duke, disclosed that $67 million was sold to 27 Authorised Dealers, while  $2.5 …

The Academic Staff Union of Polytechnics, Auchi Polytechnic chapter, Edo State on Friday called for the suspension of the new Scheme of Service in Nigeria Polytechnics which took effect from June 7, 2024. The lecturers said the new scheme represents is inimical to the growth and development of the polytechnic education as well as career progression of lecturers in the …

The Federal Government on Thursday floored the 36 state governors at the Supreme Court as the apex court granted full financial autonomy to the 774 local governments in the country. The seven-man panel in a unanimous decision outlawed the appointment of caretaker committees to administer the local governments by state governors. The panel also declared that it was illegal and …

Ndume expressed concern over recent government policies, such as the cybercrime levy, which faced public opposition. Senator Ali Ndume, the Chief Whip of the Nigerian Senate, has issued a scathing indictment of the Nigerian government, characterising it as a “kakistocracy”, a system where the most incompetent, corrupt, and unscrupulous individuals hold sway, and decrying the reign of ineptitude and malfeasance …

Reforms in the Edo State’s healthcare system in the last eight years have been targeted at strengthening and repositioning the State’s healthcare system to tap from the over $3bn expended on medical tourism by Nigerians, the State Governor, Mr. Godwin Obaseki, said on Thursday. The governor stated this while delivering his keynote address at an event to mark five years …

Ahead of Edo State gubernatorial election slated for September 21, 2024, Edo State Governor, Mr. Godwin Obaseki, on Thursday, inaugurated a 20-member transition committee to pilot the smooth transition of power and knowledge to the next administration. The Committee is chaired by a former Commissioner for Finance in the State, Mr. Joseph Eboigbe. Obaseki inaugurated the committee members, at the EXCO Chambers, …

United States Secretary of State Antony J. Blinken will on July 17, 2024, host the Americas Partnership for Economic Prosperity (“Americas Partnership”) foreign affairs track Ministerial meeting. Foreign ministers from the 12 Americas Partnership countries – the United States, Barbados, Canada, Chile, Costa Rica, Colombia, the Dominican Republic, Ecuador, Mexico, Panama, Peru, and Uruguay – will discuss ongoing collaboration to …

Abuja, Nigeria – A frontline Nigerian social critic and human rights activist, Comrade Igbotako Nowinta has called on the Chairman, Economic and Financial Crimes Commission ( EFCC), Mr. Ola Olukoyede, to resign his appointment, for reneging on his promise to arrest and prosecute the former Governor of Kogi State, Yahaya Bello. Comrade Igbotako Nowinta, an international conflict resolution expert, who …

The Nigeria Labour Congress has said it would press for N250,000 minimum wage during a planned meeting with President Bola Tinubu at the State House, Abuja, on Thursday (today). The Head of Public Affairs of the NLC, Benson Upah said Labour would insist on its N250,000 proposal during the session with the President. “We are going to the table with …

The Federal High Court sitting in Abuja, on Thursday, remanded a former Minister of Power, Mr. Saleh Mamman, in Kuje prison. The erstwhile Minister was remanded after he pleaded not guilty to a 12-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against him. Trial Justice James Omotosho said he should remain in custody till Friday, when …