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President Bola Tinubu has approved the appointment of a new management team to head the Asset Management Corporation of Nigeria (AMCON). The new appointees, pending confirmation by the Senate, are: Gbenga Alade – Managing Director/CEO Aminu Ismail – Executive Director Adeshola Lamidi – Executive Director Lucky Adaghe – Executive Director Ajuri Ngelale, Special Adviser to […]

The Niger State Police Command has said that a suspected bandit was killed while attempting to collect a N3 million ransom in the Borgu Local Government Area of the state. Speaking on the development, State Police Public Relations Officer, Wasiu Abiodun said the incident occurred after several bandits threatened to kidnap a businessman in Bako-Mission […]

The Federal Government has approved the establishment of two new universities, bringing the number of private universities to 149 and a total number of universities in the country to 274. The institutions are Lighthouse University, Evbuobanosa, Edo State and the African School of Economics, Federal Capital Territory (FCT) Abuja. Speaking at the presentation of Provisional […]

In a move to strengthen Nigeria’s digital economy sector, President Bola Tinubu has approved the appointment of new management executives to head three prominent agencies under the Federal Ministry of Communications and Digital Economy. The presidency announced the reconstitution of the leadership teams at the Nigerian Communications Commission (NCC), Nigerian Communications Satellite Limited (NigComSat), and […]

President Bola Tinubu says there is no going back on the reforms introduced by his administration. During his inaugural speech on May 29, 2023, the president announced removal of fuel subsidy and also directed the Central Bank of Nigeria (CBN) to collapse the existing exchange rates. Consequently, the apex bank directed Deposit Money Banks to […]

A Federal High Court in Abuja has ordered the Central Bank of Nigeria, CBN, to pay a German, Martin Gegenheimer N63.7 million and $10,000 awarded against the Nigerian Government for his unlawful arrest and detention by the Nigerian Immigration Service, NIS. In a ruling on Thursday, Justice Inyang Ekwo ordered the CBN to deduct the […]

FG Committed to Implementing Agreement With Labour The Federal Government says it is committed to implementing the agreements it entered with organised labour on the general welfare of workers and other issues The government’s position is contained in a  statement issued by Mr Segun Imohiosen Director Information, office of the Secretary to the Government of […]

Naira Sees One Side Gain as FX Gap Hits N260 The rising demand for foreign currency is negative for FX convergence despite two large devaluations of the Naira in less than 8 months. The ongoing economic reform in Nigeria has worsened macroeconomic indicators. Some analysts said something must give up – it is either that […]

Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities Gombe State government has earmarked more than N5.2 billion for the payment of gratuity to both local and state governments retirees. Alhaji Abdulkadir Waziri, the Commissioner for Local Government and Community Development, disclosed this to newsmen, shortly after the State Executive Council Meeting, on Wednesday in […]

Nigeria Restricts Binance, Others as FX Fight Gets Dirty Telecommunication companies in Nigeria have restricted access to the websites of cryptocurrency firms such as Binance, OctaFX, Coinbase and others as a fight against FX manipulation got dirty. Majorly, the restriction on crypto platforms is to reduce currency speculation activities in the country, with Binance stating […]

Nigeria to Complete 1999 Constitution Amendment in 2 Years The Senate Committee on the review of the 1999 Constitution, has promised to complete the process in 24 months. The Chairman of the Committee, Sen.Barau Jibrin, said this at the inaugural meeting of the committee on Wednesday in Abuja. “It is important to note that the […]

Senate to Investigate Cement Producers Sudden Price Hikes  The Senate has resolved to investigate the sudden hike in the price of cement by its producers in Nigeria. This followed the adoption of a point of order by the Deputy Senate Leader, Sen. Lola Ashiru on the “Need to Urgently Address the Increase in Cement Price […]