Year: 2024

Senate uncovers $400m intervention funds in banks

The Nigerian Senate said it has uncovered $400 million in intervention funds domiciled in banks and other financial institutions for a couple of years. Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, disclosed this during a session with the Nigerian Content Development and Monitoring Board (NCDMB). Akpoti-Uduaghan stated that out of the intervention […]

Naira depreciates to N1,500/$ in parallel market

The naira yesterday depreciated to N1,500 per dollar in the parallel market from N1,465 per dollar on Tuesday.Similarly, the naira depreciated to N1,479.47 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,479.47 per dollar from N1,418.78 per dollar on Wednesday, indicating […]

IG hails cop for rejecting N4m bribe, drug peddlers nabbed

The Inspector-General of Police, Kayode Egbetokun, on Thursday, commended SP Rilwan Kasumu and his team in the Area K, Marogbo of the Lagos State Police Command for rejecting a N4m bribe offered to them while investigating a case of alleged drug peddling and unlawful possession of ammunition against a suspected drug peddler, Esther Newman Obiekezie, […]

Motorists seek extension of Lagos-Ibadan Expressway streetlights

Motorists plying the Lagos-Ibadan Expressway on Thursday commended the Federal Government for the installation of streetlights on the Long Bridge area and called for the extension to all the sections of the expressway. Our correspondent who monitored the ongoing installation of streetlights along the Kara-Warewa stretch of the Long Bridge observed that some streetlights had […]

14-day strike notice: FG, Labour differ on aborted peace deal

The Federal Government on Thursday disagreed with the organised Labour on its threat to declare a nationwide strike in the next 14 days over the alleged failure of the government to implement the memorandum of understanding reached with the Nigeria Labour Congress and the Trade Union Congress in October 2023. The Minister of Information and […]

CSO appeals to lawmakers against arming citizens

“The bill seeking for Nigerians to bear arms for self-defence in the face of insecurity is an invitation to anarchy and chaos, given the volatile nature of the society,” a Civil Society Organisation (CSO), Civil Coalition for Credible Election, (CSCCE), has submitted. Its convener, Aminu Usman, at a press conference, yesterday, in Abuja, decried the […]

88.4m Nigerians living in extreme poverty – Permanent Secretary

The Permanent Secretary, Federal Ministry of Agriculture and Food Security, Mr Temitope Fadeshemi says 88.4 million Nigerians are living in extreme poverty. Fadeshemi spoke on Wednesday in Kaduna during the distribution of farm inputs and empowerment materials to 250 smallholder farmers. He was represented by Bashir Abdulkadir, Director, Department of Extension Services of the ministry. […]

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