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The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy. This was according to a joint press statement from the IFC and the CBN on Monday. The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will […]
A hunter simply identified as Femi has been found dead with bullet wounds in a forest in the Ijebu Igbo area of Ogun State.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has dismissed reports that the president is Nigeria’s substantive petroleum minister. Onanuga made the rebuttal on Sunday while fielding questions on Sunday’s edition of Channels Television’s Politics Today programme. When asked if the president hopes to hold on to his job as the ‘Minister of Petroleum,’ Onanuga fumed, saying the president had never addressed himself with such […]
The Federal High Court in Lagos on Wednesday convicted and sentenced a 41-year-old Canadian lady, Adrienne Munju, to 11 years imprisonment for importing 35.20 kilogrammes of Canadian Loud (Cannabis Sativa) into Nigeria. Justice Dehinde Dipeolu who handed down the verdict also gave her an option of N100m fine on the two counts preferred against her by the National Drug Law Enforcement Agency. The judge convicted and sentenced Munju following her […]
The Dangote Petroleum Refinery has started supplying Premium Motor Spirit, popularly called petrol, to some oil marketers directly without recourse to the Nigerian National Petroleum Company Limited. It was gathered that while more oil marketers were intensifying efforts to buy the product directly from the plant, others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time.
Former Minister of Women Affairs, Uju Kennedy-Ohanenye, says she remains committed to serving Nigeria and will do her best to contribute to the nation’s progress and prosperity. Ohanenye was among five ministers relieved of duty following the 19th Federal Executive Council meeting held at the State House in Abuja on Wednesday. In her place, President Bola Tinubu reappointed the former Minister of State for Police Affairs, Imaan Suleiman-Ibrahim, as the new Minister […]
Nigerian rapper and activist, Folarin Falana, popularly known as Falz, has responded to recent allegations made by social media influencer Martins Otse, known as Verydarkman, insisting that the claims against him are baseless and defamatory. Speaking on the matter on The Afro Beat Podcast published on Wednesday via YouTube, Falz revealed that before the controversy, he knew little about Verydarkman’s activism. “I don’t know much of it. I’ll be honest […]
Chinese President Xi Jinping on Thursday told leaders of BRICS emerging economies the world was facing “serious challenges” and urged the group to be a “stabilising force”. Xi was speaking on the final day of the BRICS summit in the Russian city of Kazan, a forum Moscow hopes will help forge a united front of nations against the West. Addressing assembled leaders, Xi said the “common march of the global […]
Retired Customs officer tackles police over vehicle seizureA retired Nigeria Customs Service officer, Akeem Sanyaolu, has raised the alarm over alleged harassment and unlawful seizure of property by officers of the Nigeria Police Force from the Zone 2 headquarters covering Lagos and Ogun states.
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