National News
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Tinubu seeks Senate approval of CBN’s chairman MPC
President Bola Tinubu has made a request to the Senate to approve Yemi Cardoso as the chairman of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The upcoming MPC, led by Cardoso, is scheduled to convene its initial policy meeting on February 26 and 27. This development was announced through a letter written by Tinubu to…
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Gbajabimila urges NANS to shun critics against student loan
Kunle Sanni The Chief of Staff to the President, Femi Gbajabiamila has called on Nigerian students to speak up against vices condemning the Student Loan Funds policies saying the scheme is to ensure no student irrespective of their birth circumstances is deprived of quality education Gbajabiamila stated this when he received in his office, at the state House a delegation…
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Consumers owing GenCos N1.3trn, says Power Minister
The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the consumers is currently indebted to the tune of N1.3 trillion to generating companies (GenCos). He also revealed that the country owes gas companies $1.3 billion. Adelabu, addressed a press conference in Abuja…
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UK will work with Nigeria to reduce trade barriers, says Badenoch
The United Kingdom Secretary of State for Business and Trade, Rt. Hon. Kemi Badenoch, has disclosed the United Kingdom government will work with Nigeria to reduce trade barriers, stressing that the aim is to ensure that business between the two countries goes as smoothly as possible. She stated that businesses from the United Kingdom are excited about investing in Nigeria…
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Tinubu to attend 37th AU summit In Addis Ababa
President Bola Tinubu will, on Thursday depart Abuja for Addis Ababa, Ethiopia, to participate in the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU). The theme of this year’s summit is ‘‘Educate an African fit for the 21st Century: Building Resilient Education Systems for Increased Access to Inclusive, lifelong, quality, and…
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FG, MTN renew commitment towards completion of ongoing rehabilitation of Enugu-Onitsha highway
In line with the determination of the Bola Tinubu administration to ensure speedy completion of all ongoing road projects, the Federal Government and the management of MTN Nigeria have renewed their commitments towards the completion of the on-going rehabilitation of the Enugu-Onitsha highway. This was the resolution reached at the end of stakeholders meeting held in the Conference hall of…
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Food security: FG mulls commodity board to tackle price volatility, others
The Federal Government has hinted at plans to establish a National Commodity Board as a solution to the escalating food inflation in the country. In tackling price volatility, the board will be given the mandate to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other food items. Vice…
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$6.2m CBN fraud: FG asks Interpol to watchlist 3 Emefiele’s accomplices
Kunle Sanni The federal government has requested that the International Criminal Police Organisation (INTERPOL) arrest three defendants in connection with the alleged withdrawal of $6.2 million from the Central Bank of Nigeria (CBN) last year using a falsified certificate. Read: Emefiele requested for the disbursement of $6.2m to observers, witness reveals The request was made on Monday by the CBN’s…
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Tinubu nominates Oyetola’s former Commissioner for NPC top job
President Bola Tinubu has nominated Amidu Tadese Raheem as Commissioner of the National Population Commission (NPC). Raheem served as the Commissioner for Water Resources and Energy under the former governor of Osun and Minister of Blue Economy, Gboyege Oyetola. He will be representing Osun State in the Commission. Tinubu forwarded Raheem’s name to the Senate on Tuesday, for confirmation. The…
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Pulako initiative set for kick-off as VP Shettima inaugurates implementation committee
The federal government is set to commence the implementation of the Pulaku Initiative, a large-scale resettlement programme aimed at addressing the root causes of farmers-herders conflicts and fostering national unity. Accordingly, the Vice President, Senator Kashim Shettima, on Tuesday inaugurated a steering committee to coordinate the implementation of the initiative in fulfillment of President Bola Ahmed Tinubu’s promise to improve…
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