Tag: Nigeria

Tinubu Appoints Zubaida Umar As New NEMA DG

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Tinubu Appoints Zubaida Umar As New NEMA DG President Bola Tinubu has given his approval for the appointment of Mrs. Zubaida Umar as the Director-General of the National Emergency Management Agency (NEMA). As per a statement released by President Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, Mrs. Umar’s appointment highlights the President’s dedication to promoting gender inclusion. With over two decades of experience in various fields, such as human resources, finance, and administration, the new Director-General of NEMA is a member of the chartered Institute of Bankers and…

Alleged Money Laundering: EFCC Files ‘Fresh’ Charges Against Ex-Kogi Gov, Others

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Alleged Money Laundering: EFCC Files ‘Fresh’ Charges Against Ex-Kogi Gov, Others The Economic and Financial Crimes Commission (EFCC) has submitted revised charges against former governor of Kogi State, Yahaya Bello, his nephew, Ali, and another individual for alleged money laundering. According to the amended 17-count charges, the EFCC claims that Yahaya Bello, Ali Bello (who currently serves as the Chief of Staff to Governor Usman Ododo), and Dauda Suleiman misappropriated the sum of N100bn. The anti-corruption agency alleges that the defendants utilized a bureau de change operator named Rabiu Musa…

Olubadan Of Ibadanland, Oba Mohood Balogun Is Dead

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Olubadan Of Ibadanland, Oba Mohood Balogun Is Dead The 42nd Olubadan of Ibadanland, His Imperial Majesty, Oba Dr. Mohood Balogun, CFR, Alli Okunmade II, has died. Reports revealed that the Yoruba monarch passed away peacefully at the University College Hospital (UCH), Ibadan, after a brief illness, just 72 hours after celebrating his second year on the throne at Age 81, the late monarch was admitted to the hospital on Wednesday morning after experiencing a slight malaria fever. The announcement of his passing was made by his younger brother, Dr. Sen.…

Nigeria and the Niger Republic establish their air and land boundaries

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Nigeria and the Niger Republic establish their air and land boundaries With immediate effect, President Bola Tinubu has ordered the easing of several prohibitions against the Republic of Niger and the opening of Nigeria’s air and land borders with that nation. In line with the resolutions made by the ECOWAS Authority of Heads of State and Government during its exceptional meeting in Abuja on February 24, 2024, this is the case, based on a statement signed by his Special Adviser on Communications and Media, Ajuri Ngelale. Remember that the presidents…

Wigwe’s Death: Aig-Imoukhuede Emerges As New Access Holdings Chairman

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Wigwe’s Death: Aig-Imoukhuede Emerges As New Access Holdings Chairman Access Holdings Plc (‘the Holdco’) has appointed Aigboje Aig-Imoukhuede, the former group managing director/CEO of Access Bank Plc, as its non-executive chairman. The company secretary, Sunday Ekwochi, announced that Aig-Imoukhuede will take over from Abubakar Jimoh.  Jimoh will continue to serve on the Board as an independent non-executive director. Aig-Imoukhuede, known for his visionary leadership and impressive track record, is expected to bring a wealth of expertise and guidance to lead the group toward a new era of success. The statement…

FG, OPEC Disagree Over Crude Oil Production In Nigeria

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FG, OPEC Disagree Over Crude Oil Production In Nigeria The average daily crude oil production in Nigeria has become a point of contention between the Federal Government and the Organisation of Petroleum Exporting Countries (OPEC). Earlier, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the country’s oil production has risen to 1.65 million barrels per day (bpd). However, OPEC has reported that Nigeria’s production stood at 1.32 million bpd in February 2024. During a podcast hosted by Bruit Costaud in collaboration with Ballard Partners…

‘We Stand Firmly By Ningi’ – Gov Mohammed Declares, Faults Senate’s Suspension

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‘We Stand Firmly By Ningi’ – Gov Mohammed Declares, Faults Senate’s Suspension The Governor of Bauchi State, Bala Mohammed, has announced that the state government fully supports Senator Abdul Ningi, who received a three-month suspension for his remarks regarding the untraceable N3.7 trillion in the 2024 budget.  Senator Ningi, who represents Bauchi Central senatorial district in the National Assembly, was suspended by the Senate on Tuesday. Following his suspension, he also resigned as Chairman of the Northern Senators Forum (NSF). During the Senate session, Senator Olamilekan Adeola (APC, Ogun West),…

As it is ready to exit Nigeria, Binance suspends its naira activities

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As it is ready to exit Nigeria, Binance suspends its naira activities Before it ends its naira services this week, Binance asked Nigerians to trade or remove their holdings. After a falling out with the Nigerian government, cryptocurrency trading site Binance is planning to withdraw from the country. Before the naira services are discontinued this week, Binance invited Nigerians to discontinue the trade or exchange their NGN assets into cryptocurrency in a statement released on Tuesday, March 5, 2024. All outstanding NGN balances in Binance customers’ accounts will be automatically…

The Nigerian economy is currently having an impact on Ramadan sales

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The Nigerian economy is currently having an impact on Ramadan sales In the spirit of the Holy month, traders call on food item dealers and merchants in the state to significantly lower their prices. Beginning with the start of the Muslim holy month of Ramadan, Kano vendors have not stopped bemoaning the lack of consumer support. A few merchants in Kano who spoke with the News Agency of Nigeria (NAN) on Sunday blamed the predicament on the poor purchasing power of the populace. Malam Tanko Idris, a food products merchant,…

FG Postpones Students Loan Scheme Indefinitely

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FG Postpones Students Loan Scheme Indefinitely The commencement of the Nigerian Students Loan Scheme has been put on hold indefinitely by the Federal Government. The Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, announced this development during an interview with Arise News on Tuesday. It could be recalled that President Bola Tinubu’s administration initially planned to commence the student loan scheme on Thursday. However, the loan has been delayed once more as Sawyer mentioned adjustments being made prior to the launch. He said, “Unfortunately, I won’t be able…