The Governor of Edo State, Monday Okpebholo, has suspended his Special Adviser on Oil and Gas, Felix Osemwengie Isere, for alleged unauthorised fundraising over an upcoming oil and has summit in the state.The suspension was announced in a statement issued by the Secretary to the State Government, Umar Ikhilor, today in Benin.The SSG said the […]
The Presidency has begun internal approval processes to resolve the N2tn legacy debt owed to electricity generation companies before the end of the coming quarter, as part of efforts to stabilise Nigeria’s power sector.A representative of the Special Adviser to the President on Energy, Eriye Onagoruwa, disclosed this on Monday at the second Nigerian Electricity […]
Ekiti State Governor, Biodun Oyebanji, has charged local governments in the state to harness the potential in financial autonomy to scale up service delivery to the grassroots.Oyebanji, represented by his Chief of Staff, Oyeniyi Adebayo, at a three-day seminar, said local government, as grassroots-oriented, remains a pivotal institution in the realisation of sustainable development goals […]
An anti-corruption organisation, Human and Environmental Development Agenda (HEDA Resource Centre) has petitioned the Central Bank of Nigeria, demanding an immediate suspension of local government allocations to Rivers State over alleged constitutional violations and disregard for a Supreme Court ruling.In a letter addressed to the CBN Governor, Olayemi Cardoso, and made available to news men […]
The Federal Ministry of Art, Culture, Tourism, and Creative Economy has announced the introduction of the Creative Economy Development Fund which is tailored to roll out loan opportunities for creatives.In a statement by Nneka Anibueze, Special Adviser to the minister of Arts, Culture and Creative Economy, Hannatu Musawa today, the ministry invited eligible creatives, entrepreneurs, […]
Presidential aide Bayo Onanuga has faulted recent claims by outgoing African Development Bank President Akinwumi Adesina that Nigerians are worse off today than they were in 1960, describing the assertion as based on figures that do not align with available data.In a post on X today, Onanuga argued that Adesina’s comparison of Nigeria’s GDP per […]
Some graduates from public tertiary institutions have raised concerns over the delayed disbursement of student loans, revealing that funds were sent to their schools months after they had already graduated.In an interview with News men, the affected individuals explained that while they had applied for the Nigeria Education Loan Fund before graduating, disbursements were delayed, […]
President Bola Tinubu is expected to meet with the leadership of Nigeria’s power-generating companies as part of an emergency effort to address the four trillion naira (N 4,000,000,000,000,000) debt threatening to cripple the country’s electricity supply chain.The move follows a high-level meeting on Tuesday between the Minister of Power, Adebayo Adelabu, and chairmen of Gencos […]
The Economic and Financial Crimes Commission has launched an investigation into the alleged N1.3tn frauds perpetrated through a digital investment platform, CryptoBank Exchange.The EFCC spokesman, Dele Oyewale, confirmed to news men on Tuesday that the commission would collaborate with the International Criminal Police Organisation to investigate the incidentHowever, Oyewale stated that the agency had already […]
Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts.The digital trading platform crashed on Monday after the money in their investors’ wallets vanished, and locked their telegram channels, postponing its withdrawals while giving […]
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