The Senate has urged the Central Bank of Nigeria (CBN) to push back the deadline for old naira notes to be withdrawn from circulation from January 31 to July 31. Additionally, the upper house requested the CBN to establish an exchange window where those without bank accounts may deposit their old bills. The motion made Read More…
Adam Farouk was given eight life sentences in jail on Tuesday by an Ikeja Sexual Offenses and Domestic Violence Court for defiling eight students in his class. At the time of the offence, the students ranged in age from six to eleven. According to Justice Abiola Soladoye, the prosecution established the elements of the eight-count Read More…
President Muhammadu Buhari on Monday opened a 32-metric tonne per hour Lagos Rice Mill in Imota, Ikorodu, a Lagos suburb, to boost Nigeria’s rice revolution. The Lagos Rice Mill, Imota is a two x 16 metric tonnes per hour mill on an 8.5-hectare piece of land. The project requires around 240,000 metric tonnes of paddy Read More…
To assist alleviate port congestion and position Nigeria as a transhipment hub for Africa, the country unveiled a Chinese-built deep seaport in Lagos on Monday. The project cost $1 billion. President Muhammadu Buhari has made infrastructure development a cornerstone of his administration’s economic policy in the hopes that it will assist the governing party gain Read More…
By Adanma Ebere A passionate appeal has been made to Anambra State Governor, Prof Charles Chukwuma Soludo, for the retrieval, validation, and handing over of lands already paid for by some investors in the state.In a Save Our Soul (SOS) appeal dated January 23, 2023, the investors stress that it is with a very heavily Read More…
My heart bleeds each time I encounter long petrol queues which have become a permanent fixture of city landscapes in Nigeria. Petrol scarcity has become so endemic that we are no longer embarrassed by the scandalous petrol queues. All over the country, lives have been lost, millions of man-hours wasted and citizens’ health negatively impacted Read More…
Olympic champion Usain Bolt wants to get back more than $12.7 million that went missing from his account with a Jamaican investment firm. Bolt’s lawyer says Bolt is ready to go to court if that is what it takes to get the money back. Bolt was alerted last week that his account balance at Kingston-based Read More…
Wednesday’s exchange rate for the naira against the dollar in the Investors and Exporters window was 461.25 naira per dollar. When compared to the value of 461.50 that it was traded for on Tuesday, this figure reflected an increase of 0.05 per cent in value. On Wednesday, the open indicative rate finished at a value Read More…
Godwin Emefiele, the Governor of the Central Bank, has urged commercial banks to go to apex bank locations all around the nation to obtain the new naira notes. Emefiele conveyed the decision on Wednesday in Lagos when the apex bank visited Computer Village, Ikeja, as part of its awareness-raising tour about the acceptance of the Read More…
A new 25-person Caretaker Committee was established by the National Leadership of the Labour Party (LP) on Wednesday to oversee party operations in Lagos State. The committee will succeed the Caretaker Committee that was previously in place. While Mr. Akingbade Oyelekan, the LP National Legal Adviser, was inaugurating the committee at the party’s secretariat in Read More…
