The National Security Adviser (NSA) office has called for the full enforcement of Nigeria’s amended cybercrime law. The NSA office made the call in a statement on Friday against the backdrop of a recent High Level African International Counter Terrorism meeting. The meeting, according to the NSA statement, was held in Abuja between 22 and … Read more
A Federal High Court in Lagos Thursday adjourned the criminal case instituted against internet socialite Okechukwu Pascal, A.K.A Cubana Chief Priest, due to the prayer for a plea bargain he initiated with the EFCC. At the resumption of trial on Thursday, Cubana Chief Priest’s counsel, Chikaosolu Ojukwu, informed Justice Kehinde Ogundare of the defendant’s intention … Read more
Senate considers term of six years for CBN governor and deputies Barely five months after two senators proposed separate bills to bar governors and deputy governors of CBN from participating in politics, another lawmaker is seeking to amend the CBN Act to limit the tenure of the bank chiefs to a single non-renewal term of … Read more
The federal government has announced its plan to block leakages of official documents, following a series of recent leaks exposing wasteful and other forms of suspicious expenditures incurred by public officers amid the worsening economic woes of the country. Folashade Yemi-Esan, Nigeria’s head of civil service of the Federation, expressed concerns about rampant cases of … Read more
Abubakar Suleiman, the managing director/chief executive officer of Sterling Bank, on Sunday, shared advice on how to thrive amidst Nigeria’s economic hardship and cost of living challenges. President Bola Tinubu on 29 May 2023 announced the removal of the petrol subsidy, a policy decision with adverse effects on the cost of living and general economic … Read more
The Senate has put on hold a motion seeking the probe into the root causes of food scarcity in the country despite the federal government’s huge financial commitment to the Anchor Borrowers Programme. The upper chamber also halted the request for a similar probe into the circumstances surrounding the invalid $2.4 billion transfer of the … Read more
The sum of $4.5 billion cannot be accounted for in Nigeria’s Foreign Reserves between 2018 and 2019, an audit report of the Office of the Auditor-General of the Federation (OAuGF) has revealed. The annual audit report details the expenditures and finances of the government’s ministries, departments, and agencies within a financial year. According to the … Read more
The Central Bank of Nigeria’s (CBN) Governor, Olayemi Cardoso, on Monday, said he met about $7 billion forex backlog when he assumed office. The CBN governor disclosed this while speaking during an interview on Arise Television on Monday. “We met about $7 billion in unpaid forex when we assumed office,” he said, noting that the … Read more
We have noticed how mischief-makers, bent on fueling needless ethnic mistrust, have deliberately misinterpreted the decision of the Central Bank of Nigeria to relocate its Department of Banking Supervision to Lagos and the directive of the Ministry of Aviation and Aerospace Development that the Federal Airport Authority of Nigeria (FAAN) should relocate its head office … Read more
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has described the Nigerian currency as “undervalued.” Mr Cardoso stated this Wednesday at the Launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report. “We believe that the naira is currently undervalued and, coupled with coordinated measures on the fiscal side, we will … Read more
