November 23, 2023

Recent investigations conducted in various regions of Nigeria have uncovered a troubling scarcity of currency, directly conflicting with the Central Bank of Nigeria’s (CBN) assurances of ample cash flow. Reports from Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti indicate inconvenience faced by both bank customers and Point of Sale operators due to the…

November 23, 2023

In a recent address to Estate Developers and Residents’ Associations, Minister Nyesom Wike of the Federal Capital Territory announced a forthcoming crackdown on tricycle operations, known as Keke Napep, in key Abuja neighborhoods. He affirmed the cessation of Keke Napep services in prominent areas like Asokoro and Maitama, emphasizing the move’s aim to eliminate prevalent…

November 22, 2023

An analysis of government budget data has unveiled that Nigeria’s 36 states collectively disbursed a staggering N1.71 trillion on recurrent expenditures between January and September 2023. These expenses encompassed various recurring costs, including allowances, foreign trips, office supplies, and aircraft maintenance. The breakdown revealed that 24 states provided comprehensive budget implementation data for the first…

November 21, 2023

Austin Ilom, an employee of Zenith Bank at the Suleja branch, tragically passed away after being abducted from his residence in Kubwa three weeks ago. Reports indicate that despite efforts to secure his release, Ilom’s life was cut short. According to statements from Joe Igbokwe, a source close to the situation, the kidnappers demanded a…

November 21, 2023

The Central Bank of Nigeria (CBN) has announced the postponement of its monetary policy committee meeting for the second time, citing recent developments and engagements within the financial landscape. This decision, confirmed by Dr. Isa Abdulmumin, the CBN’s Director of Corporate Communications, comes amidst growing concerns over Nigeria’s surging inflation rates, reaching a staggering 27.33…

November 17, 2023

In a recent announcement, Francisca Omayuli, the Spokesperson for Nigeria’s Ministry of Foreign Affairs, clarified the country’s absence and representation at the signing of the Samoa Agreement. The ministry emphasized a meticulous examination of the accord, which supersedes the 2000 Cotonou Agreement, prior to any decision on endorsement. This cautious approach aims to ensure compliance…