News
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CBN Lowers Interest Rate to 26.50% in Bid to Boost Growth
Nigeria’s central bank has reduced its interest rate by 50 basis points to 26.50 percent, marking a cautious shift in monetary policy amid continued easing of inflationary pressures. The decision was taken at the 304th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria held in…
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Osun Govt Battles Audit Firm Over Explosive ₦13bn Ghost Worker Allegation
The dispute between the Osun State Government and Sally Tibbot Limited began after the consulting firm alleged massive fraud in the state’s payroll system. During an interview, the firm’s Chief Executive Officer, Sa’adat Bakrin-Ottun, claimed that a staff verification exercise conducted by her company uncovered about 15,000 ghost workers and…
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N54.5m Cleaning Expenditure Raises Questions Over Federal Priorities
Payment records from the federal government’s transparency portal indicate that the Office of the Head of Civil Service of the Federation disbursed N54.5 million for sanitation-related services covering January and February 2025. The transactions, processed on April 22 and 23, 2025, were made to multiple firms engaged for fumigation, cleaning…
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EFCC Drags Alleged N603.4m NNPC Appointment Scammers to Court
The Economic and Financial Crimes Commission has brought before the court a man accused of masterminding a multi-million-naira scam linked to a fake promise of securing the top leadership position at the Nigerian National Petroleum Company Limited. One of the suspects, Gidado Ibrahim, was arraigned on Monday at the Federal…
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Oby Ezekwesili Lends her Voice; Over Fresh Concerns On Senate’s Electoral Act Changes
Concerns over Nigeria’s electoral transparency have resurfaced following comments by former Minister of Education, Oby Ezekwesili, who has criticised the Senate for retaining disputed provisions in the amended Electoral Act. Reacting to the passage of the bill, Ezekwesili said lawmakers failed to correct legal gaps that contributed to controversies surrounding…
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Court Arraigns Ex-Attorney-General Malami, Son on Terrorism and Illegal Arms Allegations
Former Attorney-General of the Federation, Abubakar Malami, and his son, Abdulazeez, have been arraigned by the Department of State Services before the Federal High Court in Abuja on terrorism-related charges and illegal possession of firearms. The arraignment before Justice Joyce Abdulmalik comes amid Malami’s growing legal troubles. The former AGF…
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My Reign Has Brought Immense Development To Ago-Iwoye – Ebumawe Of Ago-Iwoye, HRM Oba Adenugba
In a conversation with Punch, His Royal Highness, Oba Abdulrasaq Adenugba, the Ebumawe of Ago-Iwoye, Ogun State, shares his experiences and life’s key lessons as he celebrates his 70th birthday What was growing up like for you? Growing up was rough and tough. But in fairness, when I look at…
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Deadline Looms: Oyedele Urges Nigerians to File Annual Tax Returns Before March 31st
Taiwo Oyedele, who heads the Presidential Committee on Fiscal Policy and Tax Reforms, has reminded Nigerians that submitting annual tax returns is mandatory and applies to both organisations and individuals.Speaking during an online training session held with the Joint Revenue Board for HR professionals, payroll officers, chief finance officers and…
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Wike: Government Can’t Spend All Funds on Salaries at the Expense of Development
The minister of the Federal Capital Territory (FCT), Nyesom Wike says that the government cannot commit all available funds to the payment of salaries and allowances while still meeting the country’s development and governance responsibilities. Wike made the remarks while addressing FCT workers under the Joint Union Action Committee. He…
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Former AGF Malami’s ₦212.8bn Assets Forfeiture Case Reassigned After Judge Withdraws
Chief Judge John Tsoho of the Federal High Court is expected to reassign the asset forfeiture case involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, after the judge initially handling the matter stepped aside. Justice Emeka Nwite, who issued the interim forfeiture order, announced on Tuesday…