Betrayal of Trust: Poultry Business Owner Faces Devastation in Nigeria In a shocking revelation of betrayal, a poultry business in Nigeria was dealt a severe blow when a trusted staff member was caught red-handed stealing hens from the farm. The employee, who had gained the owner’s trust over time, was discovered smuggling two hens every…
Proactive Measures by Nigerian Army’s 4 Brigade Yield Substantial Results in Crime Prevention Under the dynamic framework of OPERATION WABAIZIGAN, the Nigerian Army’s Headquarters 4 Brigade has demonstrated its commitment to curbing criminal activities in Edo State. Through proactive engagement and leveraging precise intelligence provided by vigilant citizens, the brigade has achieved a significant breakthrough….
Zamfara State, a hotbed of banditry in northern Nigeria, witnessed infighting among rival bandit groups.In a stark escalation of violence in Zamfara State, a deadly series of clashes erupted on Sunday, leaving a trail of destruction and casualties in its wake. Led by the Ado Allero group, the confrontations unfolded in Mada village in Gusau,…
Adebayo Adelabu Promises Power Sector Challenges To Be Addressed in Nigeria The Minister of Power, Adebayo Adelabu, has assured Nigerians that the challenges plaguing the country’s power sector are receiving urgent attention. Despite significant investments in power generating plants, Adebayo acknowledges the persistence of power issues across the nation. Visiting the Ihovbo Power Plant in…
Former President Obasanjo Raises Alarm Over Nigeria’s Crude Oil Theft Former President Olusegun Obasanjo’s recent pronouncements have ignited a firestorm of debate surrounding Nigeria’s economic landscape, particularly its vulnerability to the rampant theft of crude oil. With stark candor, Obasanjo disclosed that over 80% of Nigeria’s prized crude oil resources are being siphoned away, casting…
In a shocking and tragic incident, the son of retired Warrant Officer Ogunjimi has been arrested for the murder of his father. The retired officer had recently received his gratuity and other allowances after his honorable service in the Nigerian Army. However, instead of celebrating his father’s retirement, the son chose a heinous path, using…
Unveiling Nigeria’s Economic Disparity: Insights from Finance Minister Wale Edun Finance Minister Wale Edun’s recent discourse on Nigeria’s economic terrain casts a revealing spotlight on a stark reality: a mere 5% of the population possesses bank accounts holding balances exceeding N500,000. This sobering revelation serves as a poignant indicator of the entrenched economic disparities plaguing…
The Central Bank of Nigeria (CBN), under the leadership of Mr. Olayemi Cardoso, has introduced new regulations requiring foreign exchange sellers to Bureau De Change (BDC) to disclose the source of their forex for transactions exceeding $10,000. This directive aims to enhance transparency and accountability within the forex market and curb illicit financial activities. Haruna…
Elevating Standards: Central Bank of Nigeria Considers Increasing Minimum Capital Requirements for Bureau De Change Operators The Central Bank of Nigeria (CBN) is on the verge of initiating a significant policy shift, pondering the prospect of heightening the minimum capital prerequisites for Bureau De Change (BDC) operators. This strategic maneuver is envisioned to instigate transformative…
On Thursday, the Federal Government made a significant announcement regarding the Port Harcourt Refinery, signaling a promising outlook for Nigeria’s fuel production. According to reports, the refinery is poised to commence operations aimed at generating two million liters of Premium Motor Spirit (PMS) and 2.2 million liters of diesel daily. This development comes as part…
