Author: Akintayo Adams

In a bid to ease financial burdens and enhance festive preparations for their employees, both Borno and Kogi States have approved the early payment of December salaries and pensions to civil servants and pensioners. In Borno State, Governor Babagana Zulum sanctioned the payment on December 13, 2024. The Governor emphasized that this initiative reflects his administration’s commitment to the welfare of workers, which includes implementing a new minimum wage of N72,000 and modernizing the salary payment system. Meanwhile, the Kogi State Government also announced the payment of December salaries on December 14, 2024. The state’s Commissioner for Information and Communications,…

The Central Bank of Nigeria (CBN) has reaffirmed that all denominations of the Naira currently in circulation, including both old and redesigned notes, remain valid as legal tender indefinitely. The clarification was issued in a statement by Mrs. Sidi Ali Hakama, the Acting Director of Corporate Communications. She reassured Nigerians that the old and new designs of the N1000, N500, and N200 notes remain valid for daily transactions and will not be phased out. Hakama dismissed rumors suggesting that the old banknotes would cease to be legal tender by December 31, 2024, urging Nigerians to disregard such misinformation. She emphasized…

The Independent National Electoral Commission (INEC) has dismissed reports claiming that its Chairman, Prof. Mahmood Yakubu, has passed away. A statement released by Rotimi Oyekanmi, Chief Press Secretary to the INEC Chairman, described the rumors as “fake news” and assured the public that Yakubu is alive and well. The rumors, which began circulating on social media on December 9, 2024, claimed that Yakubu had died in a London hospital following a brief illness. However, Oyekanmi emphasized that Yakubu has not traveled to London in the last two years and was present at recent meetings with the House of Representatives Committee…

The Academic Staff Union of Polytechnics (ASUP) has suspended its two-week warning strike and directed its members nationwide to return to work starting Monday, December 16, 2024. The decision follows a conciliation meeting with the Federal Ministry of Labour and Employment on December 9, 2024, where a new Memorandum of Understanding (MoU) was signed to address the union’s grievances. Another meeting is scheduled for January 23, 2025, to assess compliance and address any remaining issues. ASUP President, Shammah Kpanja, commended the union members for their resilience and commitment during the strike period and urged them to resume their duties. Get…

In a year marked by remarkable achievements and groundbreaking contributions, five extraordinary Nigerian women have been named among the Time’s most influential women of 2024. These trailblazers have not only made significant strides in their respective fields but have also inspired countless others with their leadership, innovation, and dedication. Their influence extends far beyond Nigeria’s borders.” These women have made significant contributions in their respective fields and continue to inspire many with their leadership and achievements. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

South Korea’s National Assembly has voted to impeach President Yoon Suk Yeol over his attempt to impose martial law. Out of 300 lawmakers, 204 voted in favor of impeachment, while 85 voted against it. President Yoon is now suspended from office while the Constitutional Court deliberates on whether to uphold his removal. Prime Minister Han Duck-soo will serve as the interim president during this period. If the court backs his removal, Yoon would become the second president in South Korean history to be successfully impeached. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Abiola Kayode, a 37-year-old Nigerian national, has been extradited from Ghana to the United States to face charges related to a $6 million cyber fraud scheme. Kayode, who was on the FBI’s Most Wanted Cyber Criminal List, was arrested in Ghana in April 2023 and extradited to Nebraska following a formal request from the US. Kayode is accused of participating in a Business Email Compromise (BEC) scheme between January 2015 and September 2016, which defrauded businesses in Nebraska and other states of over $6 million. The scheme involved impersonating high-ranking executives to trick employees into making fraudulent wire transfers. Many…

The Naira, on Friday, depreciated against the dollar. In the official market, the Naira fell to ₦1,540.00 per dollar from ₦1,532.00 on Thursday. Related || FAAC distributes ₦1.7tn among tiers of Govt In the parallel market, it closed at ₦1,660.00 per dollar, up from ₦1,640.00 on Thursday. This depreciation is linked to ongoing adjustments to the newly introduced Electronic Foreign Exchange Matching System (EFEMS), which aims to enhance transparency in FX transactions. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Federation Accounts Allocation Committee (FAAC) has disbursed a total of ₦1.727 trillion as revenue for November 2024 among the Federal Government, states, and local government areas. The distribution was finalized during the FAAC meeting held in Abuja. The total distributable revenue included ₦455.354 billion from statutory allocations, ₦585.700 billion from Value Added Tax (VAT), ₦15.046 billion from the Electronic Money Transfer Levy (EMTL), and ₦671.392 billion from Exchange Difference revenue. The gross revenue for November was ₦3.143 trillion, with deductions for collection costs amounting to ₦103.307 billion and ₦1.312 trillion allocated for transfers, interventions, and refunds. From the total…

Lt. Changfe Maigari has made history as the first female pilot in the Nigerian Navy since its inception in 1964. Maigari, who hails from Langtang North Local Government Area of Plateau but was born in Kaduna, was presented with the ‘Pilot Wing’ award during the 2024 Nigerian Navy Ceremonial Sunset at the Naval Training Command Headquarters in Ebube-Eleme, Rivers. Maigari’s journey began in 2016 when she graduated from the Nigerian Defence Academy (NDA) and was commissioned as a Sub Lieutenant. She completed her basic pilot training and fulfilled all requirements to achieve this milestone. In an interview, Maigari shared that…