The World Bank has advised the Federal Government to implement reforms that protect the country’s poorest against rising inflation. The bank also advised the government to boost the livelihoods of all Nigerians through more productive work, which it said is…
President Bola Tinubu will meet with the leadership of electricity-generating companies over the N4 trillion power sector debt. A statement by the Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, Bolaji Tunji, on Sunday,…
Access Holdings has appointed Ibironke Adeyemi as an Independent Non-Executive Director, following the resignation of Oluseyi Kumapayi (FCA) as a Non-Executive Director. The company says her appointment, which was approved by the Central Bank of Nigeria (CBN), became effective on…
The Nigeria Education Loan Fund (NELFUND) insists no money is missing from the student loan scheme despite claims to the contrary. A recent report had alleged that some schools were diverting money meant for the scheme operated by NELFUND. That…
The Securities and Exchange Commission (SEC) has issued a public warning regarding the operations of an online platform known as TOFRO.COM (Tofro), promoting itself as a cryptocurrency trading service. According to the Commission, ToFro is NOT REGISTERED with the SEC…
The trial of the embattled leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has resumed before Justice James Omotosho of the Federal High Court, Abuja, with the cross-examination of Principal Witness (PW) 1. At the resumed hearing, the…
Hakeem Baba-Ahmed, a former Special Adviser on Political Matters to President Bola Tinubu, says he does not regret working with the President but would not accept the opportunity to return if offered again. Baba-Ahmed, who was appointed in 2023 to…
Eight OPEC+ member countries on Saturday announced that they will increase oil production for June. According to the statement obtained by Journalists, Saudi Arabia, Russia, and six other members of the oil-producing countries will implement a production adjustment of 411,000…
The suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan, has denied allegations made against her by United Kingdom-based Nigerian businesswoman, Sandra Duru, who is also known as Prof Mgbeke. In a Facebook livestream on Thursday evening, Duru alleged that Senator…
The federal government has stated that Africa loses an estimated $88.6 billion annually to illicit financial flows, with Nigeria accounting for approximately 20% of these losses. Estimation brings the amount lost by Nigeria to $17.72 billion. This was disclosed by…
The Pan-Yoruba socio-political group, Afenifere, has raised the alarm over what it described as a dangerous and deliberate plot to sabotage President Tinubu’s administration by falsely labelling it a “Yoruba government” in a bid to stir ethnic division and truncate…
Facebook, Instagram, and WhatsApp’s parent company, Meta, has said it may be forced to shut down its operations in Nigeria after a tribunal insisted that it must pay the $220 million slapped on it in July 2024. Meta was also…
The Nigerian Education Loan Fund (NELFund) has denied claims of mismanagement in disbursing student loan funds. This development came after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it was investigating alleged corruption in the disbursement of…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an investigation into discrepancies in the disbursements of the student loan, saying ₦71bn has been unaccounted for in the scheme. ICPC’s move came after reports that some institutions…
The Labour Party has set up a disciplinary committee to investigate allegations of anti-party activities against Abia State Governor, Alex Otti, and other errant members. The Julius Abure-led National Executive Council (NEC) disclosed this on Friday while briefing journalists after…