Author: Akintayo Adams

The photographs of the scene where Herbert Wigwe, the chief executive officer of Access Holdings, was riding in the helicopter crashed have been made public by the US National Transportation Safety Board (NTSB). Near Halloran Springs, near the California-Nevada border, Wigwe, his wife Doreen, their son Chizi Wigwe, and former chairman of the Nigerian Exchange Group Abimbola Ogunbanjo perished in an Airbus EC130 helicopter crash. The pictures, which were made public after NTSB board member Michael Graham claimed to have visited the scene and described their activities during the first full day of the crash inquiry, depict NTSB personnel looking…

According to the most recent credit data released by the Central Bank of Nigeria (CBN), the total amount of credit extended by the banking sector to the Nigerian economy at the end of the previous year increased by 44.8% year over year to N96.2 trillion. The CBN’s Money and Credit Statistics show that at the end of December of last year, lending to the public and private sectors increased from N66.398 trillion in December 2022 to N92.188 trillion. The information shows loans made by the CBN, state-owned development banks like the Bank of Industry (BoI), and lesser credit extensions from…

On Tuesday, the House of Representatives retracted a bill that sought to raise the bar for educational requirements for some elective positions in the nation, requiring at least a university degree or its equivalent. The Constitution Alteration Bill, which was sponsored by Hon. Omowunmi Onanuga, the Deputy Whip, was withdrawn by the House following a lengthy discussion of its advantages and disadvantages. The proposed legislation was named “A Bill for an Act to Modify the Educational Requirement for Elections into Certain Political Offices and for Related Matters to Alter the 1999 Constitution of the Federal Republic of Nigeria (as amended)”.…

In the past three years, 42,000 nurses have left Nigeria, according to Faruk Abubakar, Registrar of the Nursing and Midwifery Council of Nigeria (NMCN). Faruk’s remarks followed the National Association of Nigeria Nurses and Midwives (NANNM) demonstration against the Council’s newly revised certification verification procedures. In a circular, the NMCN stated that candidates wishing to have their certificates verified by international nursing boards and councils must have two years of qualifying experience in addition to paying a non-refundable application fee. Speaking about the rationale behind the Council’s release of the guidelines, he noted that the country’s nursing shortage in recent…

Every member of the Super Eagles who competed in the recently ended AFCON has been awarded the national honor of Member of the Order of the Niger (MON) by President Bola Tinubu. The Super Eagles, Nigeria’s national football team, are currently being hosted by President Bola Tinubu in the State House’s Council Chambers. Tuesday’s encounter comes soon after their recent 2024 Africa Cup of Nations finals loss to the host country, Côte d’Ivoire, in which they were unable to capture the championship. More to Follow…

The leaders of the security services and the economic team are currently meeting with the Senate to discuss the nation’s recent security issues.At 11:35 a.m., the Senate suspended its norms to let non-lawmakers attend the plenary. The Chief of Army Staff, Lieutenant General Taoheed Lagbaj; Chief of Naval Staff, Vice Admiral Emmanuel Ogalla; Chief of Air Staff, Air Marshall Hassan Abubakar; Inspector General of Police, Kayode Egbetokun; Director General of Department of State Services, Yusuf Bichi; National Security Adviser, Nuhu Ribadu; and Chief of Defence Staff, General Christopher Musa were all called to a meeting by Senate President Godswill Akpabio…

This is the fourth increase in ten days that the Central Bank of Nigeria (CBN) has made to the currency rate used to calculate customs charges at the country’s seaports.According to data from the Nigeria Customs Service’s official trade portal, the exchange rate was revised increased yesterday, February 12, going from 1,417.635/$ to N1,444.56/$. This comes as Wale Edun, the minister of finance and coordinating minister of the economy, is being urged by the Sea Empowerment Research Center (SERC) to order the CBN to cease the constant increase in currency rates used to calculate customs duties. The most recent rise,…

Ms. Bolaji Agbede has been appointed as the acting group chief executive officer, according to a Monday announcement from Access Holdings Plc. Its previous Group Chief Executive Officer, Dr. Herbert Wigwe, passed away. Along with his wife, son, and former Nigeria Exchange Group chairman Abimboloa Ogunbanjo, Wigwe passed away in a helicopter crash on Friday. The Central Bank of Nigeria’s acceptance of the nomination was mentioned in a statement released by the company’s Board of Directors on February 12, 2024. “Further to its announcement dated February 11, 2024, the Board of Directors of Access Holdings Plc (‘the Company’) has today…

On the official Nigerian Autonomous Foreign Exchange Market, the naira plummeted to a fresh all-time low of N1,534/$ on Monday. The national currency closed last Friday at N1,476.13/$, a loss of 3.93 percent, or N58, according to FMDQ Exchange, a portal that reports on the nation’s official foreign exchange trading. The official exchange rate on Monday became the worst since the Central Bank of Nigeria floated the country’s currency in June 2023. On Monday, the naira fluctuated in value between N1,480 and N1,490 on the parallel market. The local currency seems to have been trading more favorably on the black…

There is a bill scheduled to be presented in the House of Representatives that aims to create three more states in the Southwest. The proposed law, which is being supported by Oluwole Oke, the member for Obokun/Oriade Federal Constituency in Osun State, calls for the creation of the states of Oke-Ogun, Ijebu, and Ife-Ijesa. “A Bill for an Act to amend the Constitution of the Federal Republic of Nigeria 1999 (as amended)” is the name of the proposed law. It proposes changing the First Schedule, Part I of the Constitution to say, “The First Schedule, Part I of the Constitution…