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NEWS

Tinubu administration not responsible for economic hardship – Sanusi

Former Governor, Central Bank of Nigeria, Mohammed Sanusi, has said it is an injustice to blame the administration of President Bola Tinubu for the current economic hardship the country is facing. Sanusi said the country is battling a failing economy due to mismanaged economic policies of the past eight years. He stated this while speaking virtually on Sunday at a religious event in Abuja. He said he would not join […]

todayFebruary 12, 2024 32

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

todayJanuary 19, 2024 39

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

todayJanuary 19, 2024 44

NEWS

Policemen not permitted to search citizens’ phones – Lagos CP

The Lagos State Commissioner of Police, Fayoade Adegoke, has said that no police officer is permitted to search the phones of any Nigerian. He noted that the Police Force had a cyber section responsible for that, adding that if a police officer suspected anything, they would take the person to the station so the phone could be searched. A Sunday statement by the management of Melody FM, 107.7FM, signed by […]

todayJanuary 15, 2024 5

POLITICS

Lawmakers budget fresh N30bn for N’Assembly renovation

Lawmakers have budgeted an additional N30bn for the renovation of the National Assembly Complex in the 2024 Appropriation Bill. The N30bn earmarked for the renovation of the building was part of the N344.85bn budgeted for the National Assembly after they raised their allocations from N197.93bn. The N344.85bn, signed by President Bola Tinubu on January 1, is the highest ever allocated to the legislature. The additional N30bn brings to N60bn the […]

todayJanuary 8, 2024 51

NEWS

Rivers crisis: My decision to embrace peace not out of fear – Fubara

Rivers State Governor, Siminalayi Fubara, has said that the decisions taken by his administration in the political crisis in the state were not borne out of fear, but for peace to reign in the state. Also, he explained that the resignation of the factional Speaker of the state House of Assembly, Edison Ehie, from his position and the legislature was in the interest of peace. Fubara disclosed this while addressing […]

todayJanuary 2, 2024 65

NEWS

FG committed to air travellers’ safety – Minister

The Federal Government has reiterated its commitment to ensuring the highest standards of safety, efficiency, and reliability for air travelers, airlines, and all stakeholders. The Minister of Aviation and Aerospace Development, Festus Keyamo, in a statement by his spokesman, Tunde Moshood, on Tuesday, also promised to protect operators in the industry.  “All the newly appointed directors are to get in touch with the Director, Human Resources Department of the Ministry […]

todayJanuary 2, 2024 10

NEWS

Akeredolu: Impeachment process against me unnecessary, avoidable – Aiyedatiwa

The Acting Governor of Ondo State, Lucky Aiyedatiwa said the impeachment process against him which slowed down the process of government in the last two months was unnecessary and avoidable. Aiyedatiwa stated this on Thursday morning in a televised address to the people of Ondo which was monitored by Premium Politics. The acting governor who said the government has recouped the gaps in the last two months, and thanked Ondo […]

todayDecember 14, 2023 57

BUSINESS

Nigeria not generating enough revenue to support devt – IMF

Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund has disclosed. According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to support the country’s social safety nets, development spending, and protect its vulnerable households. The Director of the IMF’s Communications Department, Julie Kozak, revealed this during a press briefing on Thirsday. Responding […]

todayDecember 11, 2023 70

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