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…
President Bola Ahmed Tinubu congratulates Nigerians on 25 years of uninterrupted democracy. In his Democracy Day address, the President acknowledged the struggles and sacrifices made by heroes and heroines who fought for the country’s democratic journey. This milestone marks a significant achievement in Nigeria’s history, showcasing the country’s commitment to democratic governance. President Ahmed Tinubu…
State governments in Nigeria are gearing up to phase out electricity subsidies in their regions, following the approval of the Electricity Act 2023. The Nigeria Governors’ Forum has submitted a document to the Federal Ministry of Power, outlining the states’ intention to introduce varying electricity tariffs within their respective regions. This move is aimed at…
Nigeria’s imports have surged to a record high of N12.64 trillion in the first quarter of 2024, representing a 39.65% increase from the previous quarter and a 95.53% rise from the same period last year. The latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS) reveal that fuel and food items led…
In a recent development that has stirred the Nigerian political landscape, Peter Obi, the 2023 Labour Party presidential candidate, has publicly challenged his party’s decision to create a directorate for the Obidient movement. This initiative by the Labour Party aims to integrate and streamline the activities of the Obidient movement within the party’s structure. “The…
