NewsReports

A former Governor of the Central Bank of Nigeria, Godwin Emefiele, will spend Christmas holiday with his family as he has been released from custody at the Kuje Correctional Centre after he met his bail conditions. According to the Public Relations Officer of the Nigerian Correctional Service (NCoS), Abubakar Umar, the gate of the Kuje Prison was opened to the …

It is nine days to Christmas. For Christians and some non-Christians in most parts of the world, every December 25 is a day of celebration. It is a season that has always been characterised by joy across the globe.  It is a period when Christians celebrate the birth of Jesus Christ. The season comes with travelling, cooking of special delicacies,  buying …

The Central Bank of Nigeria (CBN) has lifted the restriction on crypto assets and urged banks to disregard the initial ban on cryptocurrency transactions. CBN’s Director of Financial Policy and Regulation Department, Haruna Mustafa in a circular said current trends globally have shown the need for crypto regulation. “The CBN, in February 2021 issued a circular restricting banks and other …

Victor Osimhen has signed a contract extension with Napoli until 2026, the Serie A champions announced on Saturday. “Victor and Napoli together until 2026,” said Napoli on social media, alongside a picture of the Nigerian international striker signing the new deal alongside club owner Aurelio De Laurentiis. Napoli have not revealed any details of the new contract but Italian media …

Governor felicitates Oba of Benin on Igue Festival celebration The Edo State Governor, Mr. Godwin Obaseki, yesterday, signed the state’s 2024 Appropriation Bill, pegged at N342bn into law after the bill was passed by the Edo State House of Assembly. Signing the bill at the Government House, Obaseki commended the State Assembly for their collaboration, noting that the greater part …

President Bola Tinubu’s proposed 2024 budget increased allocations for the education sector when compared to the sector’s allocation in the previous year. But the increased spending for the sector is still below the recommendations of the global education agency, the United Nations Educational, Scientific and Cultural Organisation (UNESCO). Going by UNESCO’s recommendation, Nigeria should spend between 15 – 20 per cent …

The CBN Special Investigator recommends the prosecution of Mr Emefiele and at least 13 others, including his deputy governors, for alleged gross financial offences. The Special Investigator probing the Central Bank of Nigeria (CBN), Jim Obazee, has discovered 593 bank accounts located in the United States, United Kingdom and China in which the Central Bank of Nigeria (CBN), under Godwin Emefiele, kept …

*Phase two of Port Harcourt slated to come on stream by 2024 The federal government and the Nigerian National Petroleum Company Limited (NNPCL) yesterday announced mechanical completion of Area 5 Plant of the old 60,000 barrels per day Port Harcourt Refinery under construction, disclosing that the facility would resume production of petroleum products after Christmas.Relatedly, two weeks after receipt of …

The World Health Organisation (WHO) has added the R21/Matrix-M malaria vaccine to its list of “prequalified vaccines.” The global health body had in October, recommended the use of the vaccine for prevention of malaria in children following the advice of its Strategic Advisory Group of Experts (SAGE) on Immunisation and the Malaria Policy Advisory Group. The prequalification means larger access to vaccines …

The political crisis in Rivers State has assumed a new twist, as six elders have dragged President Bola Tinubu to the Federal High Court in Abuja, for allegedly compelling Governor Siminilaya Fubara to enter into an unconstitutional agreement. The plaintiffs, led by a member of the Rivers State House of Assembly representing Bonny State Constituency, Victor Jumbo, are Senator Bennett …