BY GODDY OBINWA Worried by the inflationary consequences of huge public sector cash withdrawals on the nation’s economy, the Nigerian Financial and Intelligence Unit (NFIU), yesterday, outlawed cash withdrawals from all government accounts effective March 1, 2023 warning that defaulters risk three-year jail term. The NFIU, declared that such transactionsContinue Reading
•Loses 4 officers, arrests 176 smuggling suspects BY GODWIN OBI The Federal Operations Unit Zone A, of the Nigeria Customs Service (NCS) on Thursday, said it intercepted about 156 trailer loads of rice, 656,414 liters of premium motor spirit (PMS) other contraband worth N13,908 billion in 2022. The acting Controller of the Unit, DC HusseinContinue Reading
The former Anambra State governor also asked Nigerians to shun ethnic and religious sentiments in voting during the forthcoming presidential election. The presidential candidate of the Labour Party (LP), Peter Obi has urged the Nigerian people to reject moneybag politicians in the February 25 election. “Moneybags have played a lotContinue Reading
PVC collection at wards commences on today 6th January 2023, said INEC. BY GODWIN OBI The Independent National Electoral Commission (INEC) has again commenced the distribution of Permanent Voters’ Cards (PVCs) to registrants at the 8,809 electoral wards across Nigeria. “The Commission also resolved to devolve PVC collection to theContinue Reading
BY EFE MODESTUS The Economic and Financial Crimes Commission (EFCC), said it secured a total of 3, 785 convictions across all its commands in the year 2022. According to a report by the Commission, the figure, which emerged from a review of the Commission’s performance in the outgone year, showsContinue Reading
•DMO sets record straight •New borrowing’ll put incoming govt on edge BY ADOLPHUS DURU The debt stock of Nigeria may rise to over N77 trillion by May 29 this year from the current amount of N44.06 trillion as at third quarter of last year, it was revealed yesterday. While theContinue Reading
INEC Chairman, Mahmood Yakubu. BY GODWIN OBI The high court of the Federal Capital Territory, Garki, has quashed allegations of false assets declaration against the Chairman of the Independent National Electoral Commission, INEC, Mahmood Yakubu. Justice Mariam Hassan while delivering judgment in the suit instituted by one Somadina Uzoabaka againstContinue Reading
BY GODWIN OBI The government said it made provisions of N3.36 trillion naira to cover fuel subsidy payment for the first six months of 2023. The Federal Government has said that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, BudgetContinue Reading
BY ADOLPHUS DURU The Obi of Onitisha, Prof. Nnaemeka Achebe, has denied claims by President Muhammadu Buhari’s spokesperson, that he queried former President Olusegun Obasanjo over the Second Niger Bridge. President Buhari through his spokesperson, Garba Shehu had claimed that when Obasanjo sought re-election for his second term in office,Continue Reading
BY GODDY OBI The World Bank has said the Central Bank of Nigeria (CBN) financing of the fiscal deficit has continued to fuel inflation by increasing liquidity in the money market. The Bank also noted that interest payments on the Nigerian government’s borrowing from the CBN will gulp over 62Continue Reading