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The Ondo state house of assembly has screened and confirmed five out of the six persons nominated by Lucky Aiyedatiwa, the governor, as commissioners. Aiyedatiwa had on February 2 submitted the names of six commissioner nominees to the state house of assembly for screening and confirmation. The nominees screened and confirmed were Olukayode Ajulo, Razaq […]

Long queues have resurfaced at filling stations across Lagos State in recent days as scarcity of petroleum products intensifies. Many outlets have shut down due to lack of petrol and diesel while motorists besiege the few still dispensing, resulting in endless lines spilling onto major roads. The development signals a return of the supply crisis […]

The trial of Ali Bello (cousin of former Governor Yahaya Bello of Kogi State) and Dauda Suleiman over alleged misappropriation and money laundering was suspended on Tuesday owing to the sudden complaint by a prosecution witness that he was feeling unwell. The Economic and Financial Crimes Commission (EFCC) is prosecuting Bello and Suleiman on a […]

The Commissioner of Police, Nasarawa State, Shehu Umar Nadada, has denied the command’s involvement in the formation of a 1,144-man Fulani Nomad Vigilante team which was recently established in the state by the President of the Miyetti Allah Kautal Hore, Abdullahi Bello Bodejo. CP Nadada disclosed this to Journalists on Tuesday during a courtesy visit […]

There was a mild drama in Port Harcourt, Rivers State capital, on Tuesday as some women stormed the office of the Port Harcourt Electricity Distribution Company protesting the prolonged power outage. The women from the Mile 2 and Mile 3 axis of Diobu, Port Harcourt barricaded the PHED office near the Isaac Boro Park in […]

AfDB begins disbursement of $540m SAPZs fund – Official The African Development Bank (AfDB), says it will commence the disbursement of US$540 million to the first batch of states for the development of Special Agro-Industrial Processing Zones (SAPZs). Senior Special Adviser on Industrialisation to the AfDB President, Prof. Banji Oyelaran-Oyeyinka, made this known while presenting […]

Oil Prices Stay Below $80 after UK, US Attack Houthis Oil Rallies on Monday after the United States and United Kingdom attacked Houthis last week. Today, brent price increased to $77.59 per barrel. Also, The American benchmark, West Texas Intermediate (WTI), traded at the same time at $72.42 per barrel, up 0.19% from Friday’s close […]

Wheat production: African countries spend $20bn on importation annually – TAAT The Technologies for African Agricultural Transformation (TAAT) on Monday said African countries spend about $20 billion annually on importation of wheat into the continent. The Head, TAAT Clearinghouse, Dr Solomon Gizaw, disclosed this during a Train-the-Trainer workshop organised on wheat seed production in Nigeria […]

DMO offers 2 FGN savings bonds for subscription for February The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN savings bonds for subscription at N1,000 per unit. The first but, according to the DMO, nine is a two-year FGN savings bond due on Feb. 14, 2025, at interest rate of 12. […]

NIS repatriates 18 Cameroonian irregular immigrants from Benue The Nigerian Immigration Service (NIS), Benue Command, on Monday, sent back home 18 Cameroonian irregular immigrants residing in Makurdi. The State Comptroller, Mr Jerry Omezi, disclosed this while addressing journalists in Makurdi. Omezi said the Command got intelligence report that a residence in Makurdi, precisely No. 22, […]

Nigeria FX Crisis Result of Poor Regulatory Oversight Elites destroyed the naira for personal gains, there is no doubt about that, critics said on Monday after the apex bank spotted $2.4 billion fraudulent foreign currency requests lumped into the FX backlog. However, their success remains an indictment of the quality of the team at the […]

Banks Funding Profile to Improve as CBN Seeks to Stop Daily CRR Debits As the regulator continues to fine-tune policy for inclusive growth, the apex bank has said it will stop daily cash reserves ratio debit on Nigerian banks. The move, according to analysts, would reduce pressure on funding profile. MarketForces Africa gathered that deposit […]