Nigeria
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In a significant move aimed at addressing Nigeria’s infrastructure funding shortfall of $25 billion annually, President Bola Tinubu has greenlit the establishment of the Renewed Hope Infrastructure Fund. This transformative initiative, announced by the Minister of Information and National Orientation, Mohammed Idris, following today’s Federal Executive Council meeting at the Presidential Villa in Abuja, marks […]
Following the successful rescue operation of kidnapped schoolchildren from Kuriga village in Kaduna State, the Federal Government has unequivocally stated that no ransom was paid for their release. This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, during a press briefing after the Federal Executive Council (FEC) meeting chaired by […]
In response to the prevailing economic challenges faced by Nigerians, the Bank of Industry (BOI) has introduced a palliative food programme aimed at providing relief to the populace. Recently inaugurated by the Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, at the BOI headquarters in Lagos, this initiative underscores the government’s commitment to supporting […]
Amidst the flurry of weddings this year, Gospel Minister Theophilus Sunday is gearing up to exchange vows with his beloved, Ashlee, adding another joyous occasion to the list. In anticipation of their forthcoming nuptials, the couple delightedly shared enchanting pre-wedding snapshots on Instagram. Accompanied by the caption “As it pleases the Lord! @itsashleewhite,” Theophilus’s announcement […]
The Senate Ad-hoc Committee, investigating the acquisition and expenditure of the N30 trillion Ways and Means loans from the Central Bank of Nigeria during the administration of former President Muhammadu Buhari, has disclosed the discovery of certain irregularities in the loan procurement process. As a result, the committee has announced its intention to summon the […]
Zenith Bank Plc has announced the appointment of as its Group Managing Director/Chief Executive Officer (CEO), effective June 1, 2024, pending approval by the Central Bank of Nigeria (CBN). The appointment was disclosed in a statement released to the Nigerian Exchange Limited (NGX) and signed by Michael Osilama Otu, the Company Secretary of Zenith Bank […]
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the previous month, which represents a 352 basis points increase. This is according to analysis by journalists. Further analysis showed that imported inflation has increased consecutively for over 4 years, largely driven by both internal and […]
A yet-to-be identified individual around the team of Mr Peter Obi, the Presidential candidate of the Labour Party, LP, in the last general election, has been accused of reportedly cornering N60 million donated to his campaign. @MissPearls, a strong supporter of Obi, made public the allegation on Sunday via a series of posts on her […]
Governor Chukwuma Soludo of Anambra State believes Nigeria’s biting economic situation is an “inevitable” phase for the betterment of the nation. Soludo stated this in an interview on Channels Television’s Sunday Politics. Recall that Nigeria’s inflation level rose to 31.70 per cent in February with the cost of living shooting up in the wake of […]
President Bola Tinubu has arrived in Abuja, the nation’s capital, after a two-day official visit to Qatar. Tinubu arrived on Monday evening and was received by Vice-President Kashim Shettima and other top government officials at the Nnamdi Azikwe Internationa Airport, Abuja. Other government officials who welcomed the president included Femi Gbajabiamila, Tinubu’s chief of staff […]
