Tag: Naija News

Tinubu Urges ECOWAS To Re-Examine Position On Burkina Faso, Guinea, Mali, Niger

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Tinubu Urges ECOWAS To Re-Examine Position On Burkina Faso, Guinea, Mali, Niger The President of Nigeria and Chairman of the Economic Community of West African States (ECOWAS), Bola Tinubu, has emphasized the need for a reassessment of the regional body’s strategy in upholding constitutional order in Mali, Burkina Faso, Guinea, and Niger. During his speech at the special summit in Abuja addressing peace, political, and security issues in the ECOWAS sub-region, Tinubu highlighted the necessity for bold and challenging choices given the current circumstances. Additionally, he appealed to the three-member…

JUST IN: Despite N7,000 Agreement With Manufacturers, Cement Sells For N11,000 In Lagos

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JUST IN: Despite N7,000 Agreement With Manufacturers, Cement Sells For N11,000 In Lagos Findings have revealed that despite the agreed price of N7,000 for cement with manufacturers, it is still being sold at a higher rate ranging from N10,000 to N11,000 in the Idimu area of Lagos state. According to The Nation, a retailer known as Alhaja dismissed the reports of the N7,000 price, labeling it as false information. She explained that during negotiations with the Federal Government, Dangote shut down all payment portals. When they were eventually reopened, the…

CBN Orders FX Sellers With $10,000 And Above To Declare Sources

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CBN Orders FX Sellers With $10,000 And Above To Declare Sources The Central Bank of Nigeria (CBN) has announced that individuals selling foreign exchange to Bureau De Change (BDC) in amounts equivalent to 10,000 dollars or more must disclose the sources of their forex. This directive is part of a revised regulatory framework aimed at controlling the activities of BDCs and reducing instability in the foreign exchange market. Sellers are also required to adhere to Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations, as well as foreign exchange laws and…

Port Harcourt Refinery At 80% Completion – Minister Announces, Gives Further Details

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Port Harcourt Refinery At 80% Completion – Minister Announces, Gives Further Details The Port Harcourt Refinery, as stated by the Federal Government, is nearing 80% completion and is expected to yield two million litres of Premium Motor Spirit (petrol) and 2.2 million litres of diesel daily once operations resume. The Director of Press and Public Relations at the Federal Ministry of Labour and Employment, Olajide Oshundun, confirmed this in a statement released on Thursday, disclosing that the existing refinery section will have a daily output of 54,000 barrels, while the…

Criminal Gangs Terrorizing Edo Region Arrested

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Criminal Gangs Terrorizing Edo Region Arrested In an ongoing effort to eliminate criminal activities in Edo State and enhance safety for law-abiding citizens, troops from Headquarters 4 Brigade Nigerian Army conducted a raid on the hideouts of suspected criminal gangs in gbelebu village, Okomu forest in Ovia South West Local Government Area of Edo State. The Nigerian Army said the latest arrests were made based on credible intelligence received early Thursday morning. Despite the brigade’s vigilance, one of the wanted criminals, Joshua Ewaiken, also known as General, managed to evade…

Nollywood Actress Laide Bakare Bags Appointment As SSA To Osun Gov Adeleke

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Nollywood Actress Laide Bakare Bags Appointment As SSA To Osun Gov Adeleke Renowned Nollywood actress, Laide Bakare, has been appointed as senior special assistant for entertainment, art, culture, and tourism by Governor Ademola Adeleke of Osun State. Bakare took to her Instagram account on Friday to announce the development, expressing her commitment to delivering exceptional results in her new role. In addition, the actress shared pictures of herself alongside Governor Adeleke, expressing gratitude for the privilege to serve in this capacity. She wrote, “Now an Honourable. Ya Allah, I am…

Lawmakers Reject Bill Seeking To Extend Tenure Of NASS Clerk, Sani Tambuwal, Others

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Lawmakers Reject Bill Seeking To Extend Tenure Of NASS Clerk, Sani Tambuwal, Others The proposal to extend the tenure of the Clerk of the National Assembly from 35 to 40 years, which would have benefited the current Clerk, Sani Tambuwal, was rejected and withdrawn following a heated debate on Thursday. The bill, put forward by the Leader of the Senate, Michael Opeyemi, called for an extension of the Clerk’s tenure as well as that of other Directors within the administrative framework of the National Assembly. The bill entitled ‘A bill…

Become “Verve Aware” to make easy online payments

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Become “Verve Aware” to make easy online payments Enter a world of sweetness and ease with Verve, the revolutionary digital payment solution! It’s time to use your Verve Card to live the good life and add a little enchantment to your transactions! Envision a society in which completing payments online is not only simple but fashionable as well! Imagine yourself using Verve to effortlessly swipe to binge-watch your favorite Netflix and Prime Video episodes, dance to the music on Spotify, pay for subscriptions on Google Play, or even run advertising…

FG declares it intends to open borders to allow cheaper cement imports

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FG declares it intends to open borders to allow cheaper cement imports The government is concerned that rising costs for basic building supplies would drive up home prices. If cement producers are unable to lower the price of their products, the federal government threatens to open the borders to cement imports. During a meeting with manufacturers of cement and building materials on Tuesday in Abuja, the Minister of Housing and Urban Development, Ahmed Dangiwa, issued the threat. The conference was called to discuss the sharp rise in cement prices across…

Senate Moves To Investigate Cement Producers Over Hike In Prices

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Senate Moves To Investigate Cement Producers Over Hike In Prices The Nigerian Senate has decided to investigate the disturbing rise in the cost of cement and other construction materials across the nation. In a plenary session held on Wednesday, February 21, the Red Chamber expressed its intention to conduct the probe in order to identify a resolution to the issue. The decision was made following a point of order raised by Lola Ashiru, the deputy senate leader, regarding the urgent necessity to tackle the surge in cement prices and other…