As of June 11, Nigeria has reported alarming figures of cholera outbreaks, with 1,141 suspected cases and 65 confirmed cases resulting in 30 deaths across 96 Local Government Areas in 30 states including Lagos. The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a stern warning regarding the increased spread of cholera through Read More…
Tag: Nigeria
President Tinubu stumbles during Democracy Day ceremony in Abuja
It was not meant to be a big deal but it became headline news for the media especially foreign press The BBC reports that during the celebration marking 25 years of democracy in Nigeria, President Bola Tinubu slipped and fell. The incident occurred as the 72-year-old president ascended the steps of a vehicle intended to Read More…
“Tinubu never built Lagos” – Sule Lamido
A former governor of Jigawa State, Alhaji Sule Lamido, has dismissed claims that President Bola Tinubu built modern Lagos, attributing the development of Nigeria’s economic capital to federal government efforts. Speaking on Channels Television’s Politics Today, Lamido criticised Tinubu’s supporters for overstating his achievements as governor from 1999 to 2007. “Lagos was built with Nigerian Read More…
CSOs mount allegations of unethical practices against Chief Justice Ariwoola, decry worsened image of Nigeria’s judiciary
Civil Society Organisations Jointly Petition for Urgent Reform A coalition of civil society organisations (CSOs) has sounded the alarm, urging immediate action to salvage Nigeria’s beleaguered judiciary. In a scathing letter addressed to His Lordship, Chief Justice Olukayode Ariwoola, the CSOs have raised grave concerns about the erosion of ethical standards within the Nigerian legal Read More…
Binance executive arraigned in court for tax evasion and money laundering
In a high-stakes courtroom drama, one of the top executives from Binance, the world’s largest cryptocurrency exchange, stood before an Abuja court to confront serious allegations. Tigran Gambaryan, Binance’s head of financial crime compliance, faced charges of tax evasion and money laundering alongside his colleague, Nadeem Anjarwalla, the regional manager for Africa. The Economic and Read More…
Nigeria to cut electricity subsidies for high-end consumers, sparking fresh inflation concerns
Nigeria plans to axe electricity subsidies for a select group of consumers in a bid to rein in ballooning public finances, the presidency announced on Tuesday. This move follows a series of reforms undertaken by President Bola Tinubu aimed at stimulating economic growth. “With the huge subsidy burden and high cost of gas … the Read More…
Nigeria’s “Golden Bone” triumphs in MMA showdown on home soil
In a thrilling showcase of skill and determination, Nigeria’s Cpl Juliet Ukah, hailed as the country’s female fighting sensation, showcased her prowess in Mixed Martial Arts (MMA) by securing a decisive victory over Eunice Akello of Uganda. This triumph marked Ukah’s continued dominance in the MMA arena, extending her unbeaten streak on Nigerian soil. Ukah, Read More…
Nigerian Swimmer Akinrodoye Dare triumphs: Conquering the Third Mainland Bridge
A Remarkable Feat for Mental Health Awareness Akinrodoye Dare, known as Coach Dreh, etched his name in history by completing an extraordinary swim across the Third Mainland Bridge in Lagos. In a daring feat that lasted two hours and 33 minutes, he covered the entire 11.8-kilometre length of the bridge, defying all odds and raising awareness about mental health, suicide, Read More…
Mixed trade picture for Nigeria: Export prices rise, import costs climb
Nigeria’s trade picture for Q4 2023 shows a mixed bag, according to the National Bureau of Statistics (NBS) report on Commodity Price Indices and Terms of Trade. While export prices edged up, import costs rose at a faster pace, leading to a slight decline in the overall terms of trade. “The All-commodity group export price Read More…
Central Bank of Nigeria raises minimum capital requirements for banks to ₦500bn
In a significant move, the Central Bank of Nigeria (CBN) has introduced new minimum capital requirements for banks, aiming to bolster their financial stability and enhance their capacity to support the Nigerian economy. Here are the key details: New Capital Thresholds: Implementation Timeline: Strategies for Compliance: The CBN encourages banks to explore various avenues to Read More…