Author: Akintayo Adams

The appointment of twelve individuals to the Central Bank of Nigeria’s (CBN) Monetary Policy Committee has been approved by the Senate. This confirmation follows the discussion of a report by the CBN’s Committee on Banking, Insurance, and Other Financial Institutions Committee in plenary on Thursday. The members are: 1. Olayemi Cardoso – Chairman 2. Muhammad Sani Abdullahi – Member 3. Bala M. Bello – Member 4. Emem Usoro – Member 5. Philip Ikeazor – Member 6. Lamido Yuguda — Member 7. Jafiya Lydia Shehu – Member 8. Murtala Sabo Sagagi – Member 9. Aloysius Uche Ordu – Member 10. Aku…

The Chief of Defence Staff, General Christopher Musa, has strongly warned against demands for a coup in reaction to the country’s economic problems. He has also emphasized the value of democracy and patience. After the groundbreaking of many construction projects, he conveyed this message to reporters at the Nigerian Army 6 Division Headquarters in Port Harcourt, Rivers State. General Musa urged people who were advocating for a military coup to stop using such language. Following his ceremonial opening of the new entrance gate and officers’ transit accommodations at the 6 Division Headquarters, he made the following remarks. Protests in Ogun,…

Resuming direct cash transfers to Nigeria’s most vulnerable and impoverished citizens is one of the goals of the federal government, according to the Coordinating Minister of the Economy, Wale Edun. Currently, these programs serve about three million people, but the government estimates that 12 million more households may be eligible for these direct payments as a result of rising living expenses. The minister said, “The presidential panel on the social investment programmes have prepared to go to Mr. President with an internal recommendation to restart the direct payments to the poorest and the most vulnerable. Everything is being done to…

On Thursday, a Court in Spain found Former Barcelona and Brazil football player Dani Alves guilty of raping a woman in a Barcelona nightclub. He has been given a four and a half year prison sentence. One of the most renowned football players in history, the 40-year-old, had denied sexually abusing the woman in the early hours of December 31, 2022. Alves has the right to appeal the sentence because his attorney had requested that he be found not guilty. Accused of enticing the woman to use a restroom in the nightclub’s VIP area, Alves maintained that she had the…

In light of the recent spike in the cost of cement and other building supplies in Nigeria, the Senate has decided to look into the operations of the main cement producing companies operating in the country. On Wednesday, the lawmakers declared that they will be able to solve the issue thanks to their investigation. Additionally, it pleaded with the federal authorities to let cement imports as a temporary fix. As a result, it directed the Senate Committee on Industries, chaired by Senator Francis Fadahunsi, to look into the operations of the Nigerian cement manufacturing sector. The purpose of this, it…

The N35,000 pay award for January and February of 2024 is reportedly being processed, according to the Federal Government. The Federal Government was previously accused by the Trade Union Congress (TUC), an organization representing organized labor, of not being sincere in carrying out the deal that was made with the unions. However, Nkeiruka Onyejeocha, the minister of state for labor, claimed in a statement on Wednesday that the government had already paid the salary award for four of the previous six months. “On the payment of wage award of N35,000 for Six Months, the Government has so far paid for…

According to Gbenga Komolafe, the CEO of the Nigerian Upstream Petroleum Regulatory Commission, the number of oil rigs in the nation has climbed from 11 in 2011 to 30. He attributed the rise to the NUPRC’s and other government stakeholders’ attempts to instill predictability and trust in the oil and gas sector. According to Komolafe, the Petroleum Industry Act’s implementation has caused Nigeria to record capital expenditures totaling billions of dollars over the past 2.5 years. Speaking recently in Lagos following his receipt of The Sun Award, Komolafe stated that he and his team had been successfully carrying out their…

Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria (CBN), has sued Senate President Godswill Akpabio for N1 billion in damages for defamation. In a letter dated February 19, 2024, Matthew Burkaa, Emefiele’s attorney, criticized an Akpabio comment attributed to Emefiele on February 18, 2024, saying, “We don’t know what to charge Emefiele with.” Through his attorney, Emefiele stated that he thought Akpabio’s remark was “false, distorted, clearly aimed at disparaging his character and indeed made in bad faith.” During a Sunday thank-you service in Koroma, Tai Local Government Area, Rivers State, the Senate President stated that…

Mr. Ibrahim Gaga has been appointed by President Bola Tinubu to the position of Executive Director, Corporate Services, at the Nigerian Export-Import Bank. “President Tinubu appoints new Executive Director at the Nigerian Export-Import Bank,” said a statement signed by Ajuri Ngelale, Special Advisor to the President on Media and Publicity, on Wednesday. Gaga is a lawyer with more than 25 years of expertise in both legal services and the financial industry. He served as NEXIM Bank’s board secretary and legal adviser prior to being appointed. The President expects that Gaga will “bring to his new role renewed zeal and diligence…

Gen. Yakubu Gowon (rtd), a former head of state, has advised Nigerians not to hastily assess President Bola Tinubu’s performance. He made the call on Wednesday after meeting with President Tinubu at the Presidential Villa in Abuja, while addressing reporters from the State House. Gowon claimed to have told Tinubu not to be concerned about the present attacks on his government. The elder statesman declared that it was premature to render a definitive judgment on the Tinubu-led administration. He said: “well, I was telling him that no Nigerian leader that can get there and will not have all the report…