News

The Central Bank of Nigeria has introduced a daily cash-out transaction limit of N100,000 per individual customer for Point-of-Sale agents as part of new measures to advance the cashless policy in Nigeria.The directive, contained in a circular dated December 17, 2024, and addressed to Deposit Money Banks, Microfinance Banks, Mobile Money Operators, and Super-Agents, mandates immediate compliance by all stakeholders....

The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial difficulties.NNPC’s Head of Corporate Communications, Olufemi Soneye, made the disclosure during his remarks at the Energy Relations Stakeholder Engagement in Abuja....

Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, has said the commission stopped the diversion of N5.882 billion while conducting Systems Study and Review (SSR) for 323 Ministries, Departments and Agencies (MDAs) of Government.Aliyu, who made the disclosure in Abuja at an event to mark his one year in office, said the SSR for MDAs was conducted throu...

“The council approved N40 million as a unit cost for each of the 126 approved housing units.”The Ebonyi State Government has approved over N5 billion to construct 126 housing units for its workers.The Commissioner for Information and Orientation, Jude Okpor, disclosed this on Tuesday in Abakaliki at a News conference after the State Executive Council meeting.“The council...

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has increased by 2.76 percent to N199.64 billion from N194.26 billion incurred in November.The Commission in its December 2024 Multi-Year Tariff Order, MYTO, posted on its website retained electricity tariff across all customer categories.Whil...

Rivers State Governor, Siminalayi Fubara, has vowed to establish cottage industries and provide essential social amenities to create employment opportunities and improve wealth creation across the state.The governor made this commitment during the inauguration of the 13.985-kilometer Bori Internal Roads project in Khana Local Government Area.The event, held in front of Kenule Beeson Saro-Wiwa Po...

Senate President, Godswill Akpabio, and former Deputy Leader, Senator Abdul Ningi, were locked in a verbal exchange over what governors expend their security votes on.Ningi, who represents Bauchi Central senatorial district on the platform of the Peoples Democratic Party, PDP, had in a debate that followed the motion of urgent national importance on incessant banditry attacks, killings and displacement...

Ahead of today’s  presentation  of the 2025 Appropriation Bill to a joint session of the National Assembly by President Bola Ahmed Tinubu , the Management of the  lawmaking body strengthened  security around the complex.The exercise, which was earlier scheduled to hold yesterday (Tuesday) was shifted to today.The Federal Executive Council on Monday approved N47.96trillion estim...

Reacting over Kemi Badenoch’s comments, the Inspector-General of Police (IGP), Kayode Egbetokun, has issued a directive banning arbitrary arrests, harassment of youths, and the checking of mobile phones by Police officers across the country. The directive follows rising concerns over police misconduct, particularly after recent comments by the United Kingdom opposition leader, Kemi Badenoch, on police abuses in N...

The First Lady of Nigeria, Oluremi Tinubu has reaffirmed her commitment to the welfare of elderly Nigerians through her Renewed Hope Initiative (RHI). Speaking during the second edition of the RHI Elderly Support Scheme (RHEISS), held across all 36 states, the Federal Capital Territory (FCT), and for military veterans, the First Lady announced a significant increase in the support grant to ₦200,000 per beneficiary....