ICPC tracks N10.6bn constituency projects across Niger
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced the tracking of N10.6 billion constituency and executive projects approved for 2024 in Niger State. The exercise covers…
Sustained inflation decline informed MPR reduction to 26.50% — Cardoso
The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The…
20 Banks ready for recapitalisation, meet new minimum capital requirements – CBN
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr….
Nigeria to start exporting new crude grade in March
Nigeria’s state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent recovery in output from…
NDLEA seizes 490Kg of suspected cannabis, 17,568 bottles of Codeine syrup in Sokoto
The Sokoto State Command of the National Drug Law Enforcement Agency (NDLEA) says it has seized 490.7 kilograms of suspected cannabis and 17,568 bottles of Codeine syrup in Sokoto State….
Essence of the banks’ recapitalisation policy, by Arize Nwobu
Banks are the most important financial intermediaries especially in developing countries and they operate in the money market segment of the financial system and provide short term funds to businesses,…
Peter Obi escapes assassination in Benin; convoy shot at, vehicles destroyed
Peter Obi, a chieftain of the African Democratic Congress (ADC) escaped assassination in Benin City , Edo state as his convoy was shot at by gunmen allegedly recruited by Monday…
Real reason Tinubu sacked Egbetokun over one year ahead of end of tenure; Disu takes seat
President Bola Tinubu has fired controversial Kayode Egbetokun as Inspector General of Police (IGP) over one year before the completion of his 4-year term as IGP. President Bola Tinubu appointed…
NDLEA destroys cannabis farms, arrests 7 in Edo forest raids
The National Drug Law Enforcement Agency (NDLEA), Edo Command, has destroyed cannabis farms and seized nearly two tonnes of illicit drugs in coordinated operations across forest communities in the state….
Court sentences teenager to 21 years imprisonment for rape of minor
Justice Amina Modi-Yabo of Sokoto State High Court has sentenced 19-year-old Yasir Muhammad to 21 years imprisonment for raping a 4-year-old girl. Delivering judgment on Tuesday, Modi-Yabo said that the…