Former President Obasanjo'S Startling Revelation Sparks Urgent Calls For Action Against Nigeria'S Epidemic Of Crude Oil Theft

Former President Obasanjo’s Startling Revelation Sparks Urgent Calls for Action Against Nigeria’s Epidemic of Crude Oil Theft

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…

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Ogunjimi, Retired Nigerian Army Officer, Tragically Murdered By Son Despite Gratuity

Ogunjimi, Retired Nigerian Army Officer, Tragically Murdered by Son Despite Gratuity

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…

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Revolutionizing Nigeria'S Economy, Finance Minister, Wale Edun: Unveils Concrete Plan To Combat Economic Disparities And Drive Inclusive Growth

Revolutionizing Nigeria’s Economy, Finance Minister, Wale Edun: Unveils Concrete Plan to Combat Economic Disparities and Drive Inclusive Growth

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…

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Central Bank Of Nigeria (Cbn) Injects Massive $148 Million To Boost Forex Liquidity And Stabilize Naira

New Regulations by the Central Bank of Nigeria (CBN) Emphasize Mandatory Disclosure of Forex Sources for BDC Transactions

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…

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Central Bank Of Nigeria (Cbn) Injects Massive $148 Million To Boost Forex Liquidity And Stabilize Naira

Central Bank of Nigeria Contemplates Upgrading Minimum Capital Standards for Bureau De Change Operators to enhance financial stability

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…

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Port Harcourt Refinery Nears Completion, Promising Economic Boost For Nigeria

Port Harcourt Refinery Nears Completion, Promising Economic Boost for Nigeria

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…

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Revolutionizing South East Nigeria: Sedc Bill Passage Marks Historic Leap Towards Prosperity

Revolutionizing South East Nigeria: SEDC Bill Passage Marks Historic Leap Towards Prosperity

Senate Passage of SEDC Bill: A Milestone for South East Development The Senate’s passage of the South East Development Commission (SEDC) Bill marks a significant milestone in the journey towards revitalizing the South East region of Nigeria. Championed by Rt. Hon. Benjamin Okezie Kalu, Deputy Speaker of the House of Representatives, the bill seeks to…

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Boderi Isyaku Falls To Security Forces: A Major Breakthrough In Nigeria'S Fight Against Banditry And Terrorism

Boderi Isyaku Falls to Security Forces: A Major Breakthrough in Nigeria’s Fight Against Banditry and Terrorism

In a significant victory for security forces and the people of Kaduna State, the notorious bandit and insurgent, Boderi Isyaku, has been neutralized in a daring operation. Stemming from unwavering support from Kaduna State Governor, Senator Uba Sani, the troops of the Nigerian Army achieved this breakthrough in the ongoing fight against banditry and terrorism….

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Nigerian Military Issues Stern Warning Against Coup Advocacy: Legal Ramifications For Subversive Activities

Nigerian Military Issues Stern Warning Against Coup Advocacy: Legal Ramifications for Subversive Activities

Nigerian Military Stands Firm Against Coup Advocacy Amid Economic Struggles The Nigerian Military, under the leadership of General Christopher Gwabin Musa, has issued a resolute warning against any form of advocacy for a coup, especially in the backdrop of the country’s prevailing economic challenges. General Musa, in a stern address, reiterated the military’s unwavering commitment…

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Decisive Nigerian Army Operation Crushes Insurgent Stronghold, Ensuring Security And Stability

Decisive Nigerian Army Operation Crushes Insurgent Stronghold, Ensuring Security and Stability

Nigerian Army’s Precision Operation in Yadi Forest, Disrupting Insurgent Activities The Nigerian Army orchestrated a meticulously planned clearance operation within the confines of Yadi Forest, located in Kaduna State On Tuesday, February 20, 2024 . This decisive maneuver targeted insurgents who had long utilized the dense foliage of the forest as a haven for orchestrating…

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