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CBN Launches “SabiMONI” to Promote Financial Literacy, Inclusion In an effort to close existing gaps in some citizens’ understanding and knowledge, the Central Bank of Nigeria (CBN), on Monday, unveiled an e-learning platform, SabiMONI, to promote financial literacy and deepen financial inclusion. Speaking at the ceremony, the CBN Governor, Mr Godwin Emefiele, said that the […]

FG Approves Implementation of Employee Compensation Act In Nigeria, the Federal Executive Council (FEC) has approved the universal implementation of the Employee Compensation Act (ECA) 2010. Minister of Labour and Employment, Chris Ngige, disclosed this on Monday after an emergency FEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. According […]

Nigeria’s Headline Inflation Jumps to 22.22% Nigeria’s headline inflation rate jumps to 22.22% in April, racing ahead of analysts’ expectations despite the monetary tightening that started in May 2022. According to the National Bureau of Statistics (NBS), the consumer price index increased by 22.22% year on year in April 2023 from 22.04% in March 2023. […]Read More

Naira Value Declines as Banks Release Update on Rebates Nigerian naira crashed to N464 versus the United States (US) dollar at the Investors’ and Exporters’ foreign exchange (FX) window on Monday as deposit money banks released fresh updates on rebate schemes seeking to keep the supply side strong. The means decrease of 0.36 per cent […]

M-Kopa Raises $255mn to Fund Expansion M-Kopa, an African financing platform, has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others to fund its expansion in Sub-Saharan Africa, M-Kopa said on Monday. Founded in 2011, M-Kopa started its operations in Kenya and has expanded to […]

In the Supreme Court of Nigeria Holden at Abuja On Friday, the 10th day of February, 2023 Before Their Lordships Kudirat Motonmori Olatokunbo Kekere-Ekun Helen Moronkeji Ogunwumiju Ibrahim Mohammed Musa Saulawa Adamu Jauro Tijjani Abubakar SC.479/2013 Between RAZAQ OLANREWAJU APPELLANT And THE STATE RESPONDENT (Lead Judgement delivered by Honourable Ibrahim Mohammed Musa Saulawa, JSC) Facts […]

*Seeks Recovery Of N1.07trn Debt The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, on Monday, disclosed that fuel subsidy payouts from 2005-2021, a 16-year window, cost the Federal Government a whopping N13 trillion on a conservative estimate. Mustapha, who quoted the policy advisory of the Nigerian Extractive Industries Transparency Initiative (NEITI), […]

WhatsApp has announced a new security feature which enables protection of chats with passwords. The new locked chats will live in a password- or biometrics-protected folder, and notifications from those conversations won’t display the sender or the actual message content. Mark Zuckerberg, co-founder, announced this via his official Facebook handle on Monday, sharing pictures of […]

FCT Minister Malam Muhammad Bello has described Abuja as one of the world’s fastest-growing cities while the FCT is the fastest-growing sub-national in the country. He made the submission at the maiden retreat organised for the Federal Capital Development Authority (FCDA) Board members and the executive management committee at Suleija, Niger State. The minister, who […]

Seun Kuti, son of Afrobeat legend, Fela Anikulapo-Kuti, did not put down any statement on his first day in detention, according to sources. It is normal practise for those under interrogation to write statement while being grilled by detectives. But the musician, who is currently being held at the State Criminal Investigation Department (SCID) for […]

*As Yari ignores APC zoning, intensifies campaign Indications emerged on Monday that Senators-elect may disregard the zoning formula of the ruling All Progressives Congress (APC) and vote for candidates of their choice during the inauguration of the 10th National Assembly on June 13. Senator-elect on the platform of the Labour Party (LP) for Anambra Central […]

By Mustapha Babalola Toheeb. Seun, the youngest child of the illustrious Afrobeats pioneer Fela Kuti, was seen on camera slapping a police officer who remained calm all through the scuffle. According to reports, the tragedy happened on Lagos’ Third Mainland Bridge on the evening of May 13, 2023. His actions has generated a lot of […]