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President Buhari Finally Addresses Nigerians

Fellow Nigerians,It has become necessary for me to address you having heard from many concerned Nigerians and having concluded a meeting with all the Security Chiefs.2. I must warn those who have hijacked and misdirected the initial, genuine and well-intended protest of some of our youths in parts of the country, against the excesses of some members of the now disbanded Special Anti-Robbery Squad (SARS).3. On Monday 12th October, I acknowl...

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Sanwo-Olu Assures Lagosians of Commitment to Restoring Law and Order after Days of Violence

Lagos State Governor, BABAJIDE SANWO-OLU has assured Lagosians of his commitment as the chief executive of the state to restore law and order following days of looting, violence and chaos.Governor SANWO-OLU who disclosed this in an interview on a monitored program, also called on community leaders to assist the State Government in achieving peace.Governor SANWO-OLU appealed to Lagosians to stop the destruction of public and private properties, reminding the...

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CBN: Currency in Circulation Rose by 56.44 Billion Naira at End of September 2020

Figures obtained from the Central Bank of Nigeria (CBN) has shown that Currency in circulation rose by 56.44 billion naira in one month from 2.369 trillion naira as of the end of August to 2.426 trillion naira as of the end of September.According to the CBN’s monthly economic report for May, extensive cash reserve ratio debits on banks that failed to comply with policy directives increased the monetary authority’s liabilities to other depository corporations and ...

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SERAP Sends Petition to International Criminal Court Prosecutor to Investigate Killings of Protesters

Socio-Economic Rights and Accountability Project (SERAP) has sent a petition to the Prosecutor, International Criminal Court (ICC), FATOU BENSOUDA urging her to “promptly investigate reports that Nigerian authorities and some politicians are using thugs and security agents to intimidate, harass, attack and kill #EndSARS peaceful protesters in several parts of Nigeria.SERAP urged BENSOUDA to “push for those suspected to be responsible for these crimes to be tried ...

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Presidency Appeals for Calm and Understanding from #EndSARS Protesters

The Presidency has appealed for calm and understanding from #EndSARS protesters across the country over the recent crisis that marked the protests.It also assured of the President’s commitment to the full implementation of the demanded reform of the Nigeria Police Force.In a statement by the Special Adviser on Media and Publicity to President MUHAMMADU BUHARI, FEMI ADESINA, the Presidency observed not less than 13 states across the country had started...

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Reps Orders CBN to Review All Frozen Accounts within 48 Hours

The House of Representatives has ordered the Central Bank of Nigeria to review all currently frozen accounts in Nigeria within 48 hours.The House also asked the apex bank to remove the freeze order on accounts unconstitutionally frozen, after one week.The lawmakers further expressed concern about the appeals from Nigerians about the hardship and poverty they experienced from extended freezing of their personal, corporate and other accounts by the CBN....

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Abiodun Orders Closure of Schools, Suspension of Motorcycle Operations

The Ogun State Government has ordered the closure of schools and the suspension of motorcycle operations across the State.The State Governor, DAPO ABIODUN made the announcement in his office at Oke-Mosan, Abeokuta.Governor ABIODUN said as a result of the #ENDSARS protest rocking the country; he has also ordered the beefing up of security around Correctional Centres and public buildings.The Governor further cautioned that blockade of highwa...

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Sanwo-Olu Calls for Calm in Lagos after Shooting of Protesters

The Lagos State Governor, BABAJIDE SANWO-OLU, has called for calm across the state, following the shooting by soldiers that occurred at the Lekki Toll Gate area of the state.He has also ordered an investigation into the incident and instructed security agents not to arrest anyone on account of the curfew.This was disclosed in a statement signed by the Commissioner for Information and Strategy, GBENGA OMOTOSO.Speaking further, the governor ...

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EU Diplomatic Chief Welcomes US Delistment of Sudan as State Sponsor of Terrorism

The European Union’s diplomatic chief, JOSEP BORRELL has welcomed President DONALD TRUMP’s announcement that he is ready to remove Sudan from a US blacklist of state sponsors of terrorism.The move which is a major boost for Sudan’s civilian-backed government after decades as an international outcast came after the country agreed to a 335 million dollars compensation package for victims and relatives of past attacks.BORRELL said the propose...

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Naira Exchanges for 460 to the US Dollar

The naira fell slightly at the parallel market, as it exchanged to the dollar for 460 naira per dollar yesterday.The naira had exchanged to the dollar last week for 458 naira. Figures obtained from the Central Bank of Nigeria revealed that the country’s external reserves which stood at 35.75 billion dollar as of October 2 had lost 78.34 million dollar to close at 35.67 billion dollar as of October 16.The CBN stated that Sequel to th...

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