News
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Senate gives panel six weeks to probe N30tn CBN loans
The Senate President, Godswill Akpabio, has charged the panel members investigating the N30tn “Ways and Means” loans secured from the Godwin Emefiele-led Central Bank of Nigeria by the Federal Government not to leave any stone unturned, saying the panel must unravel everything about the facility. The panel was also charged…
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Be patient. Very soon, you will start singing our praises – Minister of Power says as he promises resolution to power outages
The Minister of Power, Adebayo Adelabu, says Nigerians would soon start praising the Ministry as it is working assiduously to address the power outages across the country. Speaking during a press briefing in Abuja on Monday, March 11, Adelabu said the last three weeks had been difficult for the country…
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Emefiele Took Billions Of Dollars From Nigeria’s Foreign Reserve Without Buhari’s Approval
Presidential spokesperson Ajuri Ngelale has made startling allegations against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, accusing him of depleting the country’s foreign reserve without the consent of former President Muhammadu Buhari. Speaking in an exclusive interview with TVC, Ngelale asserted that Emefiele made significant…
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Many Approvals From CBN Under Emefiele Had No Buhari’s Signature, Brought Nigeria To Where It Is Presently – Presidency
Ngelale said Buhari’s negligence in what was happening in the CBN brought the economy to where it was presently. The Bola Tinubu Presidency has said many approvals for fund release within the Central Bank of Nigeria (CBN) under Godwin Emefiele did not have the signature of former President, Muhammadu Buhari.…
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Nigeria’s VAT too low, says EU
The European Union has declared Nigeria’s Value Added Tax (VAT) rate of 7.5 per cent as low and inefficient. Massimo De Luca, Head of Cooperation and Delegation of the EU to Nigeria and ECOWAS, gave the verdict at the 4th Session of the Steering Committee of the Support Programme for…
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UK Bans Nigerian Health Workers, Others From Bringing Family Members
The United Kingdom authorities have banned health workers from bringing dependants to the country. The UK Home Office made this known in a statement released… The United Kingdom authorities have banned health workers from bringing dependants to the country. The UK Home Office made this known in a statement released…
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Minister of Power or Blackout? Why ‘Powerless’ Adebayo Adelabu Can’t Resolve Nigeria’s Power Problem
– His Obsessive Lust for Oyo Governorship Seat By now, anyone looking for sparks of competence in Adebayo Adelabu may be likened to a diamond prospector seeking precious stones in a barren wasteland. The chubby Minister of Power seems to have waded in over his head into the power sector’s…
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FG threatens to revoke licences of electricity distribution companies over power supply
The Federal Government has threatened to revoke the licences of power Distribution Companies over epileptic power supply across the country. The Minister of Power, Adebayo Adelabu, made this known on Wednesday, March 6. Through his X handle, Adelabu said the Chief Executives of Abuja Electricity Distribution Company, Ibadan Electricity Distribution…
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The guys are talented. We need to work on them – Police PRO says as he shares photos of confiscated locally made guns
The spokesperson of the Nigeria Police Force, ACP Olumuyiwa Adejobi, has reacted to the quality of locally made guns that were recently discovered in a gun factory in Jos, Plateau state. In a statement earlier released, Adejobi said the police recently uncovered a factory in Kuru, Jos, Plateau state where…
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Submit returns or face sanctions, CBN warns mortgage banks, others
The Central Bank of Nigeria has warned all primary mortgage banks in the country regarding the timely submission of regulatory returns. This was as it also issued a stern warning to Development Finance Institutions and Microfinance Banks. In a press release issued on its website dated March 5 with reference…