Experts in the pension sector have countered the plan by the federal government (FG) to tap about N20 trillion from pension funds to accelerate economic growth, arguing that the plan is not feasible. It will be recalled that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, told State House correspondents on […]
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs). This was disclosed yesterday by the Apex Bank’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, who stated that the initiative will help increase the sustained […]
THE Senate has approved President Bola Tinubu ‘s loan request amounting $500 million in favour of the Bureau of Public Enterprises, BPE, for electricity metering program to improve financial and technical performance of electricity distribution companies, DisCos, under the World Bank funded Nigeria Distribution Sector Recovery Program, DISREP. The approval yesterday was sequel to the consideration […]
A team of policemen from the Works Department of the Force Headquarters, in Lagos, has stormed the senior police officers’ quarters at the Government Reserved Area, GRA, Ikeja and allegedly looted and vandalised the residence of a retired Commissioner of Police, Chucks Enwonwu. Eyewitnesses said the team of policemen numbering over 10 came to the […]
The Nigeria Labour Congress(NLC) and Trade Union Congress of Nigeria (TUC), on Thursday, walked out of an ongoing minimum wage negotiation meeting, in protest against the Federal government’s proposal of N48,000 as the new minimum pay for workers. NLC and TUC had on May Day, proposed that the Federal government should pay Nigerian workers N615,000 […]
The Naira further depreciated to N1,530 per dollar at the parallel market on Wednesday, May 16th, 2024 in contrast to N1,525 recorded Tuesday. Even though the Nigerian Autonomous Foreign Exchange Market (NAFEM) reports an increase for the Naira at N1,459.02 per dollar on Wednesday. Data from FMDQ indicated that the indicative exchange rate for NAFEM […]
The late Olubadan, Oba Lealkan Balogun, is set to be buried on June 1, while preparation for Oba Olakunlehin’s coronation will commence after the burial. According to reports, the development will be the first in a line of activities for the coronation of the Olubadan-designate, Oba Owolabi Olakulehin. The burial for the late Oba would […]
The Chief Whip of the Senate, Ali Ndume, clarified the distinction between corruption involving politicians and other individuals. Ndume explained that corruption within Nigerian politics is primarily instigated by people and shouldn’t necessarily result in severe punishment. Acknowledging that politicians do engage in corrupt practices, he emphasized that they often distribute the ill-gotten gains among the populace. […]
Some Nigerians on social media have blamed the Nigerian system following the Wednesday revelation that autopsy conducted on the body of late singer, Ilerioluwa Aloba, aka Mohbad, is said to have been unable to ascertain the cause of his death. Senior Advocate of Nigeria, Wahab Shittu, made this disclosure during a coroner’s inquest held in Lagos State […]
Grammy-winning Nigerian singer Damini Ogulu, popularly known as Burna Boy, has revealed why he is not yet ready to become a father. The 32-year-old artist shared that he feels unable to provide the necessary attention to children at this point in his life. Burna Boy made these remarks during a recent Instagram live session when […]
© 2025 Success 105.3 FM | All Rights Reserved