News

The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has confirmed the discovery of N258million stashed in the head office of a bank in Abuja. According to the ICPC, the operation was part of efforts to get the institutions to comply with the Central Bank of Nigeria, CBN’s directive on the distribution of redesigned naira notes. The cash was the remnant of the amount the CBN earlier released to […]

The Independent National Electoral Commission, INEC, has revealed that the naira notes scarcity may disrupt the general elections. INEC Chairman, Mahmood Yakubu, made this known during a meeting with the Central Bank Governor, Godwin Emefiele at the CBN headquarters, Abuja. Yakubu explained that many service providers to INEC had no bank accounts, noting that service providers needed to be paid fully or partly. The Chairman urged the apex bank to […]

The Nigerian National Petroleum Company Limited, NNPCL, has apologized to Nigerians over the fuel scarcity experienced nationwide. NNPC boss Mele Kyari, revealed that market forces will determine how quickly the situation is resolved. Kyari assured that the NNPC will bring succor and relief to Nigerians, adding that no one orchestrated the fuel scarcity. The NNPC Boss expressed confidence that the relief will be felt within the next one week.

The Supreme Court has restrained the Federal Government from implementing the February 10 Deadline of the old 200, 500 and 1000 naira notes to stop being legal tender. In a unanimous ruling, a seven-man panel of the Court led by John Okoro, granted an interim injunction restraining the FG, CBN, commercial banks from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes. Justice Okoro held […]

President Muhammadu Buhari has expressed shock over the murder of some Nigerian Muslim pilgrims in Burkina Faso. Buhari, who disclosed this in a statement issued by his media aide, Garba Shehu, revealed that the buses conveying them came under gun attack in Burkina Faso. According to the statement, the Ministry of Foreign Affairs, through the Nigerian Embassy in Burkina Faso, is engaging with the Burkinabe authorities and awaits the result […]

Rivers State Chapter of the Nigeria Labour Congress, NLC, has ordered its members to sit-at-home from today, until government addresses the lingering fuel and cash scarcity in the state. NLC State chairperson, Beatrice Itubo, noted that civil servants were directed to stay at home because the scarcity of fuel is affecting workers income. The Chairperson stressed that their members were facing untold hardship and would not continue living in such a condition.

President Muhammadu Buhari has promised to take a major decision midst the current crisis trailing the naira redesign and distribution. A statement issued by his media aide, Garba Shehu revealed that Buhari decision is sequel to a meeting with members of the Progressive Governors Forum at the State House, Abuja. The President noted that he would within seven days resolve the cash crunch plaguing Nigerians as a result of the […]

The Human Rights Writers Association of Nigeria, HURIWA, has condemned recurring attacks on political opponents of the ruling All Progressives Congress, APC, in Ebonyi State. HURIWA National Coordinator, Emmanuel Onwubiko, urged the Inspector-General of Police, Usman Baba, to change the Police Commissioner in the state, for alleged complicity. Onwubiko condemned the use of the state-owned security outfit, Ebubeagu, to intimidate political opponents of Governor David Umahi. The Coordinator vowed to […]

The Senate has issued a 48-hour ultimatum to the Ministry of Communications and Digital Economy to account for N13.9 billion Service Wide vote collected from 2017 to 2021. Chairman, Senate Committee on Public Accounts, Mathew Uroghide issued the ultimatum at an investigative hearing on Tuesday in Abuja. According to Uroghide, the directive followed the inability of the Permanent Secretary of the Ministry, William Alo to effectively defend the expenditure of […]