The Central Bank of Nigeria (CBN) has taken a significant step to stabilize the country’s foreign exchange market by creating a special account called the Gazelle Funding Account. The account has an initial deposit of $2.9 billion, which is part of the $3.3 billion loan secured from Afrexim Bank. This move is aimed at boosting…
Nigeria’s journey to democratic maturity reached a pivotal milestone with the celebration of its Silver Jubilee of uninterrupted democratic governance. Over the past 25 years, the country has seen a remarkable consistency in the peaceful transfer of power between different political parties, underscoring the robust commitment of key stakeholders to the principles of democracy. This…
The Nigerian Police Force has firmly rebutted claims made by Senator Shehu Sani regarding the detention of EndSARS protesters. The allegations surfaced during a Democracy Day event on June 12, where Sani urged President Bola Ahmed Tinubu to release individuals purportedly held since the 2020 protests against police brutality. In a statement titled “Democracy Day:…
President of the Senate, Godswill Akpabio, has extended warm felicitations to Muslim faithful on the occasion of Eid-Al-Adha. He highlighted the significance of sacrifice and joy associated with the celebration, encouraging Nigerians to make necessary sacrifices for a better future. Akpabio acknowledged the challenges faced under President Bola Ahmed Tinubu’s administration but promised that these…
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians about the risks of investing in the meme coin launched by singer Davido. The commission cautioned that investing in the coin is highly risky and may result in significant financial losses. The SEC advised Nigerians to exercise extreme caution and thorough research before…
President Bola Ahmed Tinubu has urged for enhanced collaboration between Nigeria’s law enforcement agencies and the United States Federal Bureau of Investigation (FBI) to combat cybercrime, terrorism, and related crimes. During a meeting at the State House in Abuja, President Bola Ahmed Tinubu and FBI Director Christopher Wray discussed strengthening the partnership between Nigeria and…
The Minister of Solid Minerals Development, Dr. Dele Alake, has announced the deployment of 350 additional operatives to the mining marshals, reaffirming the federal government’s commitment to reforming the mining sector. Speaking at the Passing Out Parade at the NSCDC headquarters, Dr.Dele Alake commended the Interior Minister and the Nigeria Security and Civil Defence Corps…
The World Bank has approved a loan of $2.25 billion to support Nigeria’s economic reforms and scale up support for the poor. This loan is expected to help stabilize the economy and promote fiscal sustainability. The approval comes after Nigeria’s Finance Minister, Wale Edun, announced in April that the country was seeking up to $2.25…
President Bola Ahmed Tinubu delighted the audience on Democracy Day, June 12, with a humorous account of a fall he had earlier that morning. With a hearty chuckle, he jokingly attributed his clumsiness to his Yoruba heritage, showcasing his ability to laugh at himself and find the humor in unexpected situations. This lighthearted approach helped…
The Federal Government has announced plans to submit a 2024 Supplementary Appropriation Bill to fund critical infrastructure projects. The Minister of Budget and Economic Planning, Senator Atiku Bagudu, revealed that the bill will be partially funded by the N50 billion Presidential Infrastructure Development Fund (PIDF). This move demonstrates the government’s commitment to delivering transformative projects…
