Analyst To CBN: Reduce Lending To Federal Govt Amid Rising Debts

The Central Bank of Nigeria (CBN) has been urged to cut down on its lending to the federal government as way of reducing the country’s spending spree and lower the rising debt burden of the nation. Founder of Agusto & Co, a financial service institutions rating agency, Mr Bode Agusto, noted that the CBN taking […]

Nigerians mourn Super Eagles’ crashing out of AFCON 2021

“I am very, very sad and angry. I don’t think anything will make meaning to me tonight again.” On Sunday, football fans in Osogbo expressed sadness as Super Eagles crashed out of the ongoing Africa Cup of Nations (AFCON) in Cameroon after losing 1-0 to Tunisia in the round of 16. The football enthusiasts said […]

Aphrodisiac Seller, Jaruma, Remanded In Prison

Controversial aphrodisiac seller, Hauwa Saidu Mohammed, popularly known as Jaruma, has been remanded in prison custody. She was arraigned on Tuesday at the Upper Area Court, Zuba in the Federal Capical Territory Abuja by the Police on four-count charge of defamation of character, injurious falsehood, criminal intimidation and publication of false news with intent to […]

Unknown gunmen kill two police officers, abduct one in Jigawa

“ASP Anas Usaini and Sunusi Alhassan were shot dead close to an improvised patrol vehicle which was set ablaze by the gunmen.” The police command in Jigawa says unknown gunmen have killed two police officers and abducted one person in Taura local government area. The police confirmed this on Monday. The command disclosed that the […]

Lagos govt seals nightclubs over lack of fire extinguishers, poor hygiene

The Lagos official slammed the failure of the outfits to obtain safety compliance certificates and register with the commission through its portal. The Lagos State Safety Commission says it sealed lounges and nightclubs in Ikeja over the lack of compliance with its 2022 Zero Accident Campaign (ZAC). The commission’s director-general, Lanre Mojola, stated in […]

Dangote to save Nigeria $9 billion annually: AfDB President Akinwumi Adesina

Mr Adesina noted that the projects could address Nigeria’s foreign exchange deficits and save about $9 billion yearly from petroleum products imports. African Development Bank (AfDB) president Akinwumi Adesina has described the Dangote refinery and fertiliser plants as projects that would positively affect Africa’s economic growth and development. Mr Adesina noted that the projects could […]

Fuel Subsidy: Buhari has failed if he cannot stop petrol smuggling, says Ahmad Lawan

“Government is meant to serve people…protect the lives and property and welfare of the people; that federal aspect is part of the welfare.” Senate President Ahmed Lawan has slammed President Muhammadu Buhari and the ruling APC as a failure if they cannot stop fuel from being smuggled out of Nigeria, assuring Nigerians that fuel subsidy […]

Africa’s Electricity To Surge As Global Demand Hit Highest In 2021

Africa is experiencing new surge in electricity demand with gas seen as leading power generation in the continent. A rapid economic rebound and extreme weather conditions reportedly drove a 6 per cent rise in global electricity demand in 2021 and seen to be the largest in percentage terms since 2010 when the world recovered from […]

EFCC detains Fashola money man Supo Shasore

A former attorney general and commissioner for justice in Lagos Olasupo Shasore is being grilled by the Economic and Financial Crimes Commission (EFCC) operatives. A source close to the commission disclosed this in Abuja on Tuesday. The source added that the ex-commissioner arrived at the headquarters of the EFCC on Tuesday afternoon. According to the […]

Nigerian Senate proposes bill for tenants to pay monthly rent

“There are many tenants whose salaries are competing with their rents because they live in cities like Abuja. The law will prevent the poor workers from any form of oppression.” Smart Adeyemi of Kogi west senatorial district has sponsored a bill to stop landlords from demanding annual rent from tenants. “The law we are proposing […]