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The Central Bank of Nigeria (CBN) has alerted the public to the prevalence of naira commoditization and abuse in some of the country’s commercial hubs, including Abuja, Asaba, Awka, Benin, Ilorin, Kano, and Ibadan. The growing trend of illicit transactions involving banknotes requires immediate intervention, CBN Governor Mr. Olayemi Cardoso warned on Thursday at a […]

The House of Representatives, on Thursday, approved a new Value Added Tax sharing formula, allocating 55% to states and 35% to local government councils. This decision followed the adoption of a report by the House Committee on Finance on four tax bills transmitted to the National Assembly by President Bola Tinubu in October 2024. Presenting […]

The Senate on Thursday approved for second reading the bill to establish the National Council for Traditional Rulers, aimed at formally giving monarchs and community heads vital roles in the country. The bill was sponsored by the senator representing Plateau South Senatorial District, Simon Lalong. When the bill was first introduced, it sparked extensive debate […]

Trial of a detained Deputy Commissioner of Police, Abba Kyari, over his alleged non-disclosure of his assets, resumed before the Federal High Court, in Abuja, yesterday, with a witness narrating how investigations exposed that the defendant received over N200 million through 10 different bank accounts. The witness, Mr Ahmed Yero, who identified himself as a […]

The Independent National Electoral Commission, INEC, on Thursday, urged the Abuja Division of the Federal High Court to hands off the suit Senator Samuel Anyanwu filed to challenge his removal as the National Secretary of the Peoples Democratic Party, PDP. The electoral body, in a counter-affidavit it filed in opposition to the suit, argued that […]

Attorney General and Minister of Justice, Lateef Fagbemi, has urged Nigerians to use the Freedom of Information Act, FOIA, to demand accountability from their elected and appointed representatives in federal and state governments. Fagbemi made the call on Wednesday during the One Day Stakeholders Town Hall Meeting on Application of Freedom of Information, FoI Act, […]

An Abia-based businessman, Eke Agbai Eke, has taken legal action against First Bank of Nigeria over an alleged fraudulent withdrawal of N55 million from his fixed deposit account at the bank’s former Abiriba branch, now relocated to Uzuakoli. In the lawsuit filed by his lawyer, Ebuka Nwaeze, Eke claims that First Bank has refused to […]

Former Kaduna State Governor, Nasir El-Rufai has attributed the arrest of Jafaru Sani, a commissioner in his administration, to political decisions, including his resignation from the All Progressives Congress (APC) and subsequent defection to the Social Democratic Party (SDP). El-Rufai made the claim in a statement, asserting that Jafaru Sani was taken away in broad […]

The Edo State Attorney General and Commissioner for Justice, Dr. Samson Osagie, has been recalled from suspension by Governor Monday Okpebholo. The recall was confirmed in a letter signed by the Secretary to the Edo State Government, Umar Musa Ikhilor, Esq., and addressed to Dr. Osagie. The letter stated that the investigative panel set up […]

Rivers State Governor Siminalayi Fubara commissioned the newly completed Bori Zonal Hospital on Tuesday, using the occasion to address escalating political tensions with his predecessor, Nyesom Wike, and reaffirm his commitment to governance despite institutional roadblocks. Fubara revealed efforts to comply with a recent Supreme Court ruling mandating the presentation of the state budget to […]

Canada said Wednesday it will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration’s steel and aluminum duties that took effect overnight. The new tariffs cover steel and aluminum, as well as other U.S. goods including computers, sports equipment and cast iron products, Canadian Finance Minister […]

Barring any last-minute change of plan, the Senate will once again meet with security chiefs next week in Abuja to address the escalating insecurity in parts of the country. The security chiefs expected to engage with the Red Chamber include the Chief of Defence Staff, General Chris Musa; the Chief of Army Staff, Lieutenant General […]