News
-
EFCC battles religious sect over N13bn money laundering for terrorists
Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, revealed yesterday why the war against insecurity has been protracted, disclosing that a powerful religious sect in the country secured a court order to stop its men from probing the N7 billion linked to some terrorists. The commission said…
-
FG to reform NYSC, float special bank for youths
ABUJA – The federal government has announced initiatives to transform the prospects and opportunities for Nigerian youth. The initiatives include a reform of the National Youth Service Corps, NYSC, to focus more on ensuring that when young people finish school, they are ready to obtain good jobs or start their…
-
Makinde gives companies with explosives 72-hour ultimatum
Oyo State Governor, Seyi Makinde, on Wednesday, signed into law Executive Order 001, 2024 on the handling and storage of harmful substances in the state. In a section of the order, the governor gave 72 hours ultimatum to anyone in the state in possession of any kind of explosives to…
-
CBN orders banks to sell excess dollars in 24 hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which made the disclosure in a new circular released on Wednesday, also warned lenders against hoarding excess…
-
P’Harcourt refinery test-run ongoing, marketers project fuel price hike
The Federal Government, on Wednesday, said the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. It disclosed this at a briefing in Abuja, as oil marketers expressed worry that the recent crash of the naira against the…
-
Nigeria missing as Canada ranked world’s safest country for travel in 2024
Canada has been ranked as the safest country in the world for travelers, according to a report by Berkshire Hathaway Travel Protection (BHTP) released in late 2023. BHTP said that the total rankings are based on an average of “all measures from [BHTP’s] State of Travel Insurance research”, which combines…
-
Nigeria loses $3bn annually to poor sanitation -FG
The Federal Government, on Tuesday, disclosed that Nigeria is currently off-track concerning progress on achieving the global Sustainable Development Goal sanitation target and is regrettably among those behind. It also stated that the country loses about $3 billion annually due to poor sanitation arising from the use of unsanitary or…
-
N200,000 minimum wage no longer realistic – Labour
The Nigerian Labour Congress said on Tuesday that the N200,000 minimum wage it earlier proposed to the Federal Government was no longer realistic, considering the country’s current economic situation. The congress, which spoke through its National Vice President, Tommy Etim, was reacting to Tuesday’s inauguration of the Minimum Wage Committee…
-
$20bn Dangote Refinery to import crude from United States
The $20 billion Dangote Refinery has concluded plans to import crude oil from the United States in the coming months. Already, traders’ familiar with the matter disclosed that Trafigura Group has sold two million barrels of WTI Midland to the Dangote refinery for delivery by the end of February 2024.…
-
Don’t play with God – Davido writes as he celebrates smashing goals some thought he could never
Nigerian singer, Davido has taken to social media to celebrate his recent achievements. In a post shared on his Instastories, Davido listed some milestones some people thought he could never reach but he proved them wrong. ‘’Don’t play with God” the singer wrote as he listed his achievements