admin

Herbert Wigwe, the Chief Executive Officer of Access Holdings Plc, and two other members of his family tragically died in a fatal helicopter crash near the California-Nevada border recently. Plans to honour the lives of Herbert Wigwe (1966 – 2024), his wife and son and span from March 4 to March 10, 2024. The somber […]

The Central Bank of Nigeria (CBN) is considering increasing the minimum share capital requirements for Bureau De Change (BDC) operators to N2 billion for a Tier 1 license and N500 million for a Tier 2 license. This represents a significant increase from the previous requirement of N35 million for a general BDC license, as outlined […]

Former Nigerian lawmaker and former Minister of State for Defence, Senator Musiliu Obanikoro, has said that Nigeria is not dealing with a problem of food scarcity, but an issue of poverty and the inability of many Nigerians to have purchasing power at this time. Obanikoro said this in an interview with ARISE PRIME TIME on […]

The Chief Justice of the Federal Capital Territory, Justice Husseini Baba-Yusuf has scheduled a Saturday recruitment exam for new FCT High Court judges, defying a parliamentary resolution asking him to pause the process over questions about applicable statutes. Judicial sources told the Peoples Gazette that Mr. Baba-Yusuf invited his own daughter Maryam and others like […]

The Central Bank of Nigeria has ordered Bureau De Changes (BDCs) to pay 25 percent of foreign exchange purchased for Business Travel Allowance or Personal Travel Allowance in cash while the remaining 75 percent should be transferred electronically to the customer’s Nigerian domiciliary account or prepaid card. However, the apex bank noted that such customers […]

Hunters have arrested two retired soldiers and two others after robbing a iron steel company in Osogbo, capital of Osun State. It was learnt that men of Nigerian Hunters and Forest Security Services apprehended them with a gun and two vehicles loaded with irons they stole at steel rolling premises. A top security source said: […]

Governor Seyi Makinde of Oyo State says the continued loss of skilled manpower to foreign countries is inimical to Nigeria’s development. Makinde said this during an education conference tagged, “International Study Abroad Fair’ 2024 ( ISAF),” held at the International Conference Centre, University of Ibadan, on Friday. The governor was represented at the event by […]

The Anglican Bishop of Ikwerre Diocese, in River State, Dr Blessing Enyindah, has called on President Bola Tinubu to as a matter of urgency address the increasing hardship facing Nigerians. Many Nigerians have been begging the government to find solutions to the continued increase in the prices of food in the country. Enyindah, who spoke […]

Mrs Betty Anyanwu-Akeredolu, the widow of the immediate-past governor of Ondo State, Arakunrin Rotimi Akeredolu, has reminisced the life and times of her late husband, saying he was called a ‘weakling’ while alive just because he loved his wife. Akeredolu, a lawyer by training, who later attained the enviable title of a Senior Advocate of […]

$800m Needed for Port Rehabilitation Almost Ready, says FG The Federal Government says the 800 million dollar needed for rehabilitation of the nation’s ports is almost ready. The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, said this at the inauguration of seven patrol boats by the Nigerian Ports Authority (NPA) in Lagos on […]

Naira Crashes as ‘Nigerians’ Bet Against Their Nation There is no respite for the Nigerian local currency as the exchange rates continue to worsen due to scarcity of foreign currency inflows scarcity challenges. The Naira is enmeshed in an ugly foreign exchange crisis due to distortion despite efforts to stabilise exchange rates. With all the […]