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  • N’Assembly passes student loan bill, proposes jail for defaulters

    The National Assembly, on Wednesday, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund. President Bola Tinubu in a letter…

  • Fuel price rises by 157.57%  to N679 per litre — NBS

    The national average price of Premium Motor Spirit, otherwise known as petrol, increased year-on-year, YoY, by 157.57 percent to N679.36 per litre in February 2024, from N263.76 per litre recorded in the corresponding period of 2023. However, in its latest report – ‘Premium Motor Spirit (Petrol) Price Watch for February 2024’,…

  • N109bn fraud: EFCC denies asking ex-accountant general to indict minister

    A detective with the Economic and Financial Crimes Commission, Mahmud Tukur, denied promising the former Accountant General of the Federation, Ahmed Idris, leniency in exchange for indicting the former Minister of Finance and others.  The former Accountant General of the Federation had told the Federal Capital Territory High Court on…

  • Naira rebounds to N1,400/$ as speculators offload forex

    The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, fulfilling…

  • Nigeria Government exposes Gumi’s ally, 14 others as terrorism financiers in the Country

    The Federal Government has uncovered the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. Details of the development were revealed by the Nigerian Financial Intelligence Unit, on Tuesday night, entitled “Designation of Individuals and Entities for March 18,…

  • Suspected mentally ill man stabbing people along Lekki Expressway – Actor Alesh Sanni raises alarm

    Nollywood Actor Alesh Sanni has called the attention of the Nigerian police to an alleged serial stabber along the Lekki Expressway. He claimed a man, suspected to be mentally unstable, has been randomly stabbing people in their cars. He said this happened on the road leading to The Civic Centre.…

  • How Adebutu applied for 200,000 prepaid cards, bank official tells court

    A staff of Zenith Bank, Celestina Appeal, yesterday, disclosed how the governorship candidate of the Peoples Democratic Party, PDP, in Ogun State, Mr. Oladipupo Adebutu, applied for the production of 200,000 prepaid valve cards on February 27, 2023. At the resumed hearing of the criminal charge against Adebutu and others…

  • We didn’t renovate Govt House with 18bn —Adeleke

    GOVERNOR Ademola Adeleke of Osun State, yesterday, faulted claims by the All Progressives Congress, APC, that his administration spent N18 billion to renovate the Government House, describing their claim as fake news. He added that the administration did not borrow such for its infrastructure project as claimed by the APC.…

  • Subsidy removal: FG, states, LGs allocations hit N10.14tn

    The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14tn. Data released on Tuesday by the Nigeria Extractive Industries Transparency Initiative in its latest report on…

  • Abia Assembly passes bill to stop pension for ex-govs, deputies

    Abia House of Assembly on Tuesday passed a bill to stop payment of pensions to former governors and their deputies in the state. It is entitled: “A Bill (H.A.B 11:) for a Law to Revoke The Abia State Governors and Deputy Governors Pensions Law No 4 of 2001 and for…

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