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Explosive findings have surfaced concerning the redesign of Nigeria’s currency, pointing fingers at former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and key individuals close to President Muhammadu Buhari’s administration. According to Jim Obazee, the Special Investigator on the CBN and Related Entities, the naira’s recent redesign was executed without the express approval of…
The House of Representatives has taken decisive steps towards the revival of the Bilateral Currency Swap Agreement (BCSA) between Nigeria and China. The lower chamber, during its plenary on Wednesday, unanimously agreed to collaborate with the Central Bank of Nigeria (CBN) to expedite the implementation of this significant currency swap deal. The resolution stemmed from…
A horrifying mass shooting at a university building in Prague’s downtown area has resulted in a devastating toll of over 14 lives lost and at least 25 individuals sustaining injuries. The shooter, now confirmed deceased, unleashed a deadly rampage that shocked the Czech capital. While specific details about the victims remain undisclosed, Czech authorities have…
The Central Bank of Nigeria (CBN) has raised a red flag concerning the availability of cash due to reported irregularities between certain Deposit Money Banks and Point-Of-Sale (PoS) operators. The apex bank issued a stern warning to these entities, cautioning them against actions that disrupt the smooth circulation of the Nigerian Naira. In an official…
The Nigerian Army, under the directive of the Army Council, has announced the promotion of a distinguished cadre of officers to the esteemed ranks of Major General and Brigadier General. The elevation, effective from December 21, 2023, encompasses the ascendancy of 47 Brigadier Generals to the rank of Major General and the advancement of 75…
In a long-awaited move, the Nigerian government confirmed the reactivation of the Port Harcourt Refining and Petrochemical Company in Rivers State. This announcement came on Thursday, marking the commencement of operations on December 20, 2023, following the successful completion of the initial phase of refurbishment at the facility. The government assured citizens that refined petroleum…
In a recent tweet from his handle @PeterObi, former Vice Presidential candidate of Labour Party, Peter Obi highlighted pressing concerns about the implementation of the government’s decision to slash interstate transport fares by 50% during the festive season. While initially praised as a step toward easing the financial burden on travelers, Obi’s observations shed light…
In a significant ruling on Friday, the Supreme Court upheld the election of Peter Mbah as the governor of Enugu State, Nigeria. The apex court decisively settled all issues in favour of Governor Peter Mbah, the first respondent in the case. A five-member panel, headed by Justice Mohammed Garba, delivered the verdict, emphasizing the failure…
The long-overdue payments owed to beneficiaries of the N-Power program by the former administration of President Muhammadu Buhari are finally being settled by the current government. According to Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, the process of disbursing arrears commenced on Wednesday and will persist until every beneficiary receives their outstanding…
The former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, faces serious allegations involving illicit financial activities, as revealed by an extensive investigation. Jim Obaze, President Bola Tinubu’s Special Investigator, brought to light startling information, stating that Emefiele orchestrated the opening of roughly 593 undisclosed bank accounts in the United States, United Kingdom, and China,…