BY GODWIN OBI Deposit money banks in Nigeria have reported a sharp rise in fraud cases and the amount of money lost in the second quarter of 2023, Q2’23. The latest report also shows that the number of insider involvement rose astronomically. The total amount involved in the fraud casesContinue Reading
BY GODWIN OBI Nigeria’s unemployment rate dropped to 4.1% in the first quarter of 2023 from 5.3% in the fourth of 2022, the National Bureau of Statistics (NBS) has said. This was contained in a report titled, ‘Nigeria Labour Force Statistics Report Q4 2022 & Q1 2023’ which was releasedContinue Reading
BY GODWIN OBI President Bola Tinubu has directed that issues affecting relations with the Emirates Airline, and issuance of visas to Nigerians should be “immediately’’ resolved. The President gave the directive on Thursday when he received the Ambassador of United Arab Emirates (UAE), Salem Saeed Al-Shamsi, at the State HouseContinue Reading
Suspended CBN Governor Godwin Emefiele The scheduled arraignment of the suspended governor of the Central Bank of Nigeria, Godwin Emefiele and an employee of the apex bank, Saadatu Yaro has been stalled for a second time. The arraignment which was adjourned till today is not listed on the cause list.Continue Reading
President Bola Tinubu Less than 24 hours to the inauguration of Ministers-Designate, President Bola Tinubu has approved the redeployment of Abubakar Momoh from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. Meanwhile, the Federal Ministry of Youth is to be re-assigned to a Minister-Designate soon.Continue Reading
The Katsina State Police Community Relation Committee PCRC has appointed the Kanwan Katsina District Head of Ketare Alhaji Usman Bello Kankara as Patron. This is contained in a statement jointly signed by the chairman of the Committee Umar Shehu Daura and the Secretary Dr Gali Darma. The statement said theContinue Reading
BY GODWIN OBI The National Drug Law Enforcement Agency (NDLEA) on Saturday seized multi-billion naira worth of illicit drugs at a warehouse tucked in the midst of popular International Trade Fair Complex, Alaba, Ojo area of Lagos This was disclosed in a statement released by the media officer of theContinue Reading
President Bola Tinubu on Sunday redeployed ex-Governor of Osun State and minister-designate, Adegboyega Oyetola, from the Ministry of Transportation to the Ministry of Marine and Blue Economy. The President also redeployed another minister-designate, Abubakar Momoh, from the Federal Ministry of Youth to the Federal Ministry of Niger Delta Development. “TheContinue Reading
BY GODWIN OBI The Nigerian National Petroleum Company (NNPC) Limited has secured a $3 billion Emergency Crude Repayment Loan from African Export-Import Bank (AFREXIM) Bank. In a short statement disclosing the deal, the NNPC said the commitment letter, which was signed at AFREXIM Bank’s headquarters in Cairo, Egypt on Wednesday,Continue Reading
The leadership of the Nigeria Labour Congress (NLC) has warned that it will embark on a nationwide indefinite strike should the Federal Government allow another hike in the price of petrol amid the ongoing negotiations with the government. The Federal Government-owned Nigerian National Petroleum Company Limited (NNPCL) has repeatedly increasedContinue Reading