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Nigeria’s Internet Subscriptions Reach 134.78 Million in October – NCC Report

The Nigerian Communications Commission (NCC) has disclosed that internet subscriptions in Nigeria climbed to 134.78 million in October 2024, reflecting an increase of 1.88 million from the 132.9 million recorded in September. The statistics, contained in the NCC’s latest industry report released

by News Editor

December 19, 2024

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N30bn Grants Set To Revolutionize University of Agriculture in Nigeria

The Federal Government has approved N30bn for the nation’s 30 universities of agriculture to immediately commence mechanised farming. The announcement came with a directive for specialised universities to focus strictly on their core mandates and cease offering programes unrelated to their original

by News Editor

December 19, 2024

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Edo Assembly Suspends Local Council Chairpersons Over Alleged Misconduct

The Edo State House of Assembly on Tuesday suspended the chairpersons and vice chairpersons of all 18 local government areas in the state for a period of two months, citing allegations of insubordination and gross misconduct. The Assembly also directed the leaders

by News Editor

December 19, 2024

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Senate Considers Establishment of Modern Ranches to Address Insecurity

The Nigerian Senate has proposed the establishment of modern cattle ranches across the country to address the rising insecurity linked to herder-related violence. During its plenary session on Tuesday, the upper chamber directed its National Security and Intelligence, Livestock, and Agriculture Committees

by News Editor

December 19, 2024

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OSUN: Governor Grants Clemency to Man Sentenced to Death for Stealing Fowl

Osun State Governor Ademola Adeleke has granted clemency to a young Nigerian man who was sentenced to death by hanging for stealing a fowl in the state. This information was shared in a statement posted on the governor’s X account on Wednesday.

by News Editor

December 18, 2024

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FG’s Electricity Subsidies Hit N199.64bn in December, Says NERC

Data from the Nigerian Electricity Regulatory Commission, NERC, indicates that the Federal Government’s electricity subsidies rose to N199.64 billion in December 2024. According to the newly released report, ‘December 2024 Multi-Year Tariff Order,’ electricity subsidies rose by 2.76 per cent to N199.64

by News Editor

December 18, 2024

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CBN Imposes N1.2m Daily Limit Transaction On PoS Agents

The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. According to the circular, the

by News Editor

December 18, 2024

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CBN Announces Indefinite Validity for Old and New Naira Currency Notes

The Central Bank of Nigeria (CBN) has reiterated that the old and redesigned N1000, N500, and N200 banknotes remain legal tender and will continue circulating concurrently without deadline. According to the statement issued by Mrs Sidi Hakama, the Acting Director of Corporate

by News Editor

December 18, 2024

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Governor Uba Sani Returns Abacha Family’s Properties Revoked By El-Rufai

The Kaduna State Governor, Uba Sani has returned two landed properties previously revoked by the immediate past administration of Governor Nasir El-Rufai, to the family of late military dictator, General Sani Abacha. The properties located at No 9 Abakpa GRA and No

by News Editor

December 18, 2024

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2025 Budget: Tinubu Projects Inflation Reduction to 15% and Dollar Rate of N1,500

President Bola Tinubu announced that the 2025 budget forecasts a decline in inflation from the current rate of 34.6% to 15% next year. He made this statement during his presentation of the N47.9 trillion budget proposal to a joint session of the

by News Editor

December 18, 2024

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Security, Infrastructure, and Education Take Center Stage in Tinubu’s ₦47.9tn 2025 Budget

Security, defense, infrastructure, health, and education received significant allocations in the N47.9 trillion budget proposal presented by President Bola Tinubu to a joint session of the National Assembly on Wednesday afternoon. “It is with great pleasure that I lay before this distinguished

by News Editor

December 18, 2024

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Mali, Burkina Faso, Niger to end ECOWAS Membership in January 2025

The Authority of Heads of State and Government of ECOWAS has given Burkina Faso, Mali, and Niger six months, from January 29 to July 29, 2025, to reconsider their decision to exit the regional bloc. President of the ECOWAS Commission, Dr Omar

by News Editor

December 18, 2024

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Nigerians Paid ₦2.23tn as Ransom to Kidnappers in Twelve Months—NBS

The National Bureau of Statistics (NBS) reports that Nigerians paid ₦2.23 trillion in ransom to kidnappers over twelve months. The NBS noted that these payments occurred between May 2023 and April 2024. According to the NBS’s latest Crime Experience and Security Perception

by News Editor

December 18, 2024

News

CBN Introduces N100,000 Daily Withdrawal Limit on PoS Terminals

The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 per customer for transactions conducted through Point-of-Sale (PoS) terminals. This directive, part of efforts to bolster the cashless economy and mitigate financial fraud, was outlined in a

by News Editor

December 18, 2024

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IGP Orders Immediate Ban on Unlawful Arrests, Phone Checks, and Youth Detention

The Inspector-General of Police (IGP), Kayode Egbetokun, has ordered an immediate end to the unlawful arrest and detention of youths, as well as the arbitrary checking and confiscation of phones by police officers nationwide. This directive, which comes amidst mounting public outcry

by News Editor

December 17, 2024

News Editor

Nigeria’s Internet Subscriptions Reach 134.78 Million in October – NCC Report

N30bn Grants Set To Revolutionize University of Agriculture in Nigeria

Edo Assembly Suspends Local Council Chairpersons Over Alleged Misconduct

Senate Considers Establishment of Modern Ranches to Address Insecurity

OSUN: Governor Grants Clemency to Man Sentenced to Death for Stealing Fowl

FG’s Electricity Subsidies Hit N199.64bn in December, Says NERC

CBN Imposes N1.2m Daily Limit Transaction On PoS Agents

CBN Announces Indefinite Validity for Old and New Naira Currency Notes

Governor Uba Sani Returns Abacha Family’s Properties Revoked By El-Rufai

2025 Budget: Tinubu Projects Inflation Reduction to 15% and Dollar Rate of N1,500

Security, Infrastructure, and Education Take Center Stage in Tinubu’s ₦47.9tn 2025 Budget

Mali, Burkina Faso, Niger to end ECOWAS Membership in January 2025

Nigerians Paid ₦2.23tn as Ransom to Kidnappers in Twelve Months—NBS

CBN Introduces N100,000 Daily Withdrawal Limit on PoS Terminals

IGP Orders Immediate Ban on Unlawful Arrests, Phone Checks, and Youth Detention

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