CBN Merges Two Popular Banks To One, gives Guidelines (See Their Names)
The Central Bank of Nigeria (CBN) on Tuesday gave a nod to what it called a pivotal financial accommodation to support the proposed merger between Unity Bank and Providus Bank. It was gathered that two former military heads of states and an ex-president threw their influence behind the two ailing commercial banks. Although yet to […]
FG Gives Update on Cheap Rice
The Federal Government has concluded plans to sell a 50kg bag of rice at N40,000 to public servants with a view to alleviating the food crisis in the nation and its effects on Nigerians. This was disclosed in a letter from the Federal Ministry of Special Duties and Inter-governmental Affairs, which was signed by the […]
CBN Raises Import Duty Rate to N1,618.73/$
The Central Bank of Nigeria (CBN), has increased the exchange rate for the clearance of cargo at the nation’s seaports and airports from N1,600.32 to N1,618.732. This change is the highest rate since March 2024 and comes amid a 6.43 per cent depreciation of the naira in July. The increase is expected to further strain […]
FLASH: Why I Removed Fuel Subsidy, Tinubu Reveals
Bola Tinubu, the President of Nigeria, has explained that he decided to remove the fuel subsidy and abolish multiple foreign exchange rates to grow the economy and promote national development. Tinubu stated this on Sunday while addressing the nation in a broadcast regarding the ongoing nationwide protest. The President said he took the painful decision […]
REVEALED: I Have Released N570 Billion To Governors To Combat Hunger – Tinubu says
President Bola Tinubu has announced the release of N570 billion to state governors to tackle hunger and economic hardship. The announcement was made during a televised address to the nation on Sunday, following nationwide protests against economic hardship. ALSO READ: Full Text of President Tinubu Address to Nigerians on Nationwide Protest In addition to the N570 […]
Protest: Petrol Should Not Sell More Than ₦200 Per Liter, If…..– PDP
The main opposition Peoples Democratic Party (PDP), has said Nigerians ought not to buy premium motor spirit, locally called fuel, more than ₦200 per liter if truly the leadership of President Bola Tinubu will be fair to Nigerians. PDP said that with deft, transparent, innovative management of resources and strategic investment in gas production, fuel […]
Dr. DIKKO Donates Branded Sienna Car Gifted By Drivers to Support Pacesetter Transport Service
•••Appreciates Makinde for Full Support The Oyo State Pacesetter Transport Service’s Chairman, Dr. Dikko Salami, has stated that just as the interest of the masses is prioritized by Governor Makinde, his interest is undiluted satisfaction and quality service delivery for the PTS’s passengers across Oyo State. Hon Dikko disclosed this on Wednesday during a […]
Ona Ara LG Chair, Dr. GLORIOUS, Flags Off Distribution of FG Palliatives to Vulnerable Residents
The Executive Chairman of Ona Ara Local Government, Dr. Temitope Kolapo GLORIOUS, has commenced the distribution of federal government palliatives to vulnerable residents within the council area. The distribution took place today at the local government Annex Secretariat in Ogbere Housing Estate, reaching various households, communities, traditional rulers, religious organizations, public boarding schools, civil societies, […]
Some NNPC Personnel, Oil Traders Own Blending Plant In Malta — Dangote
Africa’s richest man, Aliko Dangote, has made startling revelations about the quality of fuel being imported into Nigeria. During a visit by the leadership of the House of Representatives, led by Speaker Tajudeen Abbas and his deputy, Benjamin Kalu, Dangote accused some staff of the Nigerian National Petroleum Company (NNPC) Limited and oil traders of operating a blending […]
Nigeria’s Fuel Subsidy Payment Exceeds 700BN Monthly, says IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the federal government’s subsidy payments. IPMAN warned that Nigeria’s fuel subsidy expenditure could exceed N700 billion monthly. ALSO READ: Petrol/Electricity Scarcity: Nigerians Lament As Transport, Foodstuff Prices Increases This information was disclosed by Mohammed Shuaibu, Secretary of IPMAN, Abuja-Suleja. Shuaibu was responding to data […]