Last night, amidst the solemn occasion of Ramadan Iftar at the State House, President Bola Tinubu conveyed a message of hope and resilience to the members of the Nigerian Senate and, by extension, to the entire nation. He addressed the pressing security and economic challenges Nigeria is currently grappling with, asserting that these difficulties will…
During a Ramadan Iftar gathering at the State House in Abuja, President Bola Tinubu addressed the contentious issue surrounding the alleged ‘padding’ of the 2024 Appropriations Act by Nigerian Senate members. Amidst the breaking of the Muslim fast with lawmakers, the President dismissed the claims of irregularities in the budgetary process as a case of…
Amidst the ongoing economic reforms under President Bola Tinubu’s leadership, Nigeria is witnessing a significant shift in its approach to stabilising the national currency. The President, through his Special Adviser on Media and Publicity, Ajuri Ngelale, recently shed light on the concerted efforts being made to curb forex volatility and encourage the patronage of locally…
The Naira concluded the week on a high note, strengthening to N1,431 against the dollar as of Friday, 22 March 2024. This improvement marks a significant rally that has persisted for seven days, showcasing a robust recovery phase for the Nigerian currency. According to data from the FMDQOTC, the primary platform for setting the official…
The Nigerian government has identified and sanctioned 19 terrorism financiers, including six Bureau De Change (BDC) firms, according to a document obtained by PREMIUM TIMES. The identities of these individuals and entities were revealed by the Nigeria Sanctions Committee (NSC), headed by the Attorney General of the Federation. The sanctioned individuals and firms are accused…
The Minister of Information and Culture, Mohammed Idris, has announced that the federal government has successfully attracted $30 billion in foreign direct investment (FDI) to the real sector of the Nigerian economy. Speaking during a meeting with the business community in Kano, Mr Idris highlighted that these investment commitments in various sectors such as manufacturing,…
The chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, recently made a connection between the collapse of banks and economic and financial crimes, highlighting the urgent need for enhanced monitoring of the banking sector. This clarion call was made during a meeting in Abuja, where Olukoyede played host to Bello Hassan,…
The Nigeria Customs Service (NCS) has announced a significant shift in policy regarding the importation of vehicles, effectively abolishing the 25% penalty that was previously levied on vehicles imported under irregular conditions. This move comes as a direct consequence of instructions issued by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has announced that the company’s shares will soon be listed on the stock market as outlined in the Petroleum Industry Act (PIA). Kyari made this known at the ongoing 2024 CERAWEEK in Houston, United States, stating that NNPC would become…
The Arewa Movement for Good Governance (AM2G), led by Dr Usman Bugaje, has raised concerns about the state of Nigeria’s democracy, describing it as being in crisis. Bugaje, a former member of the House of Representatives, expressed disappointment in the current democratic system, stating that it has failed to deliver the expected development to the…