News

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation. This is a move aimed at enforcing compliance with existing foreign exchange (forex) regulations.This directive, which came through a circular dated January 8, 2025, applies to both oil and non-oil export transactions.The circular, signed by W.J. Kanya, Acting Director of the CBN’s Trade and Ex...

The Lagos State Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide has urged Lagosians to report infractions anywhere in the state.“Proper planning cannot be done without the support and contribution of people. This is why my doors are always open for residents of Lagos to make their complaints, report any observed untoward developments, and contribute generally to the sustainable developme...

The People’s Republic of China Government says it would consider Nigeria’s request to expand the bilateral currency swap agreement.China’s Foreign Minister, Wang Yi, revealed this when he briefed State House Correspondents after meeting with President Bola Tinubu at the Aso Rock Villa, Abuja.Initially inked in 2018 between the People’s Bank of China and the Central Bank of Nigeria, ...

The Peoples Democratic Party and the Labour Party have kicked against the N55bn allocated in the 2025 budget for the maintenance of the presidential fleet.This is contained in the 2025 Appropriation Bill sent to the National Assembly for approval.If approved by the lawmakers, over N55.5bn will be spent on total overhauling of three aircraft engines in the presidential fleet, including fuelling, fumigation,...

Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), has opposed the federal government’s request for the resumption of his trial.On September 24, Binta Nyako, a federal high court judge, recused herself from Kanu’s case after an oral application by the defendant.“I hereby recuse myself and remit the case file back to the chief judge,” Nyako had said....

The National Chairman of the ruling All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje, has dismissed claims of threats to life by the former presidential candidate of the opposition Labour Party (LP) Peter Obi as unfortunate and misleading. Ganduje, in a statement in Abuja, described the claims as sheer mischief and outright falsehood, which would have been ignored but the need to refute such a baseless narrative.The APC Chairman expressed di...

The Lagos State Governor, Babajide Sanwo-Olu, is set to open a network of five roads in the Ikeja Government Reservation Area on Thursday.Also to be opened are six major roads (4.7 km) across three local governments and local council development areas in Akoka, Bariga and Gbagada. The projects will be unveiled on Thursday and Friday.The state Commissioner for Information and Strategy, Gbenga Omotoso, discl...

The Ogun State Police Command has raised concerns over an increase in reports of missing persons in the state.The command’s spokesperson, Omolola Odutola disclosed this in a statement in Abeokuta, the state capital.She explained that the command had noticed an unprecedented rise in the number of missing persons across all age groups.Odutola noted that only a small fractio...

The Oyo State Government has urged the state high court in Ibadan not to grant bail to the ex-queen of Ooni of Ife, Naomi Shilekunola, Hamzat Oriyomi, and a school principal, Fasasi Abdullahi.The court had on December 24 remanded the trio in prison over the death of 35 children during a Christmas Funfair they organised in Ibadan, which resulted in a fatal stampede.The defendants spent both Christmas and Ne...

President Bola Tinubu has approved  $20,000 foreign medical treatment, bullet-proof SUVs and cooks, among other benefits, as a retirement package for service chiefs and generals, which the Nigerian Medical Association, the Medical and Dental Consultants Association of Nigeria, and the Nigerian Association of Resident Doctors reportedly faulted.According to the Harmonised Terms and Conditions of Service for O...