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

House Committee Issues Urgent Summons to CBN Governor Over Revenue Leak Scandal

Summoning of the CBN Governor by the House Committee: Addressing Concerns of REMITA Information Leakage In a decisive move led by Honorable Bamidele Salam, the House Committee has formally summoned the Governor of the Central Bank of Nigeria (CBN) to confront the pressing issue of REMITA information leakage. Despite persistent efforts by the Committee to…

Continue reading
Swift Response By Kwara State Joint Security Team Neutralizes Kidnapping Gang

Swift Response by Kwara State Joint Security Team Neutralizes Kidnapping Gang

In a swift and coordinated operation, the Kwara State Joint Security team, comprising the Nigerian Police Force and local vigilantes, successfully neutralized and arrested a gang of suspected kidnappers following a brazen attack at a camp in Alo Village, Ifelodun Local Government Area of the state. The operation, which unfolded with remarkable efficiency, highlights the…

Continue reading
President Tinubu Unveils 1000 Tractors To Boost Agricultural Sector In Niger State

President Tinubu Unveils 1000 Tractors to Boost Agricultural Sector in Niger State

In a bid to revitalize the agricultural sector and bolster food security initiatives, President Tinubu is set to unveil the delivery of 1000 tractors and various other agricultural equipment procured by the Niger State government. This initiative marks a significant step towards returning Nigeria to its agricultural roots, reminiscent of its status as the “Giant…

Continue reading
Taraba State Police Command And Local Hunters Collaboration: Successful Rescue Operation

Taraba state police command and local hunters collaboration: Successful Rescue Operation

The Taraba State Police Command, in a commendable joint effort with local hunters, has orchestrated the successful rescue of 40 kidnapped victims in Yorro Local Government Area. The collaborative approach, spearheaded by Commissioner of Police, Mr. David Iloyanomon, proved instrumental in navigating the challenging terrain and effectively neutralizing the kidnappers’ stronghold atop Gongomaliki mountain. The…

Continue reading
Federal Government Threatens To Terminate Julius Berger'S Contract Over N740 Billion Highway Disagreement

Federal Government Approves Comprehensive Agency Restructuring: Key Changes and Implications Unveiled

The Federal Government Executive Council’s approval of the Oronsaye Panel report on February 26th, 2023, entails significant restructuring within government agencies. Among the notable eliminations is the Pension Transitional Arrangement Directorate (PTAD), with its functions slated to be transferred to the Federal Ministry of Finance. Additionally, the National Senior Secondary Education Commission (NSSEC) will be…

Continue reading
President Bola Ahmed Tinubu'S N6.6 Trillion Supplementary Budget To Be Ratified By The National Assembly For Transformational Projects

Oronsaye report: President Tinubu Forms Committee for Government Restructuring

President Tinubu has taken a significant step to implement Oronsaye report towards streamlining Nigeria’s governmental structure by establishing a committee tasked with executing mergers, eliminations, and relocations within a 12-week timeframe. The announcement was made by Tinubu’s Special Adviser on Policy Coordination, Mrs Hadiza Bala-Usman, indicating a proactive approach towards enhancing efficiency and reducing redundancy…

Continue reading
Legal Luminary Falana Strongly Defends Nlc'S Right To Protest Amidst Nationwide Unrest: Positive Legal Implications Unveiled

Legal Luminary Falana Strongly Defends NLC’s Right to Protest Amidst Nationwide Unrest: Positive Legal Implications Unveiled

Background of the Dispute Between NLC and Federal Government The nationwide protest led by the Nigeria Labour Congress (NLC) has sparked controversy, with legal implications surrounding its adherence to court orders. In a letter addressed to the Federal Government, legal luminary Falana clarifies that the NLC’s protest does not constitute contempt of court orders. Falana…

Continue reading
Cbn Revokes Operational Licenses Of 4,173 Bdcs: A Bid To Restore Confidence In Foreign Exchange Market

CBN’s New $10,000 Annual Cap: Revolutionizing Foreign School Payments for Transparency and Compliance

CBN Announces New Policy Update In response to evolving regulatory needs, the Central Bank of Nigeria (CBN) is considering implementing a significant measure aimed at enhancing oversight in foreign currency transactions for educational fees. This proposal involves imposing an annual limit of $10,000 on payments made through Bureau De Change (BDC) operators for tuition at…

Continue reading