A consortium comprising Nigerian financial institutions, fintechs, and blockchain experts, known as the Africa Stablecoin Consortium (ASC), is gearing up to introduce a compliant Nigeria Naira (cNGN) stablecoin on February 27, 2024. In a statement released on Friday, the consortium announced that the launch of the cNGN stablecoin is aligned with the recently established Regulatory…
A statement attributed to a presidential aide has sparked controversy regarding the distribution of palliative items by the federal government to members of the Senate and House of Representatives in Nigeria. According to the aide, Olusegun Dada, the government distributed palliative items worth N200 million to senators and N100 million to members of the House…
The Manufacturers Association of Nigeria (MAN) has put forward a series of recommendations aimed at enhancing the performance of the real sector in 2024. MAN’s director-general, Segun Ajayi-Kadir, communicated these suggestions to the federal government in a statement issued in Lagos. He emphasized the need for the government to utilize the savings from fuel subsidy…
Kannywood actor and comedian, Saeed Muhammed, popularly known as Funky Mallam, has voiced criticism against Governor Babajide Sanwo-Olu of Lagos State over the governor’s directive to his police escorts to apprehend a “soldier” for a traffic violation. Governor Sanwo-Olu had instructed the arrest of motorcyclists riding against traffic on the Lagos-Badagry expressway. When one of…
Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, has refuted claims of her involvement in a N3 billion corruption scandal associated with the National Social Investment Programme Agency (NSIPA). The recent suspension of the agency’s National Coordinator and Chief Executive Officer, Hajia Halima Shehu, by President Bola Tinubu, has stirred controversy and led…
Dr. Yetunde Adeniji, the Senior Special Assistant to President Bola Tinubu on the School Feeding Programme (SFP), has praised the President for allocating N100 billion to the programme in the 2024 budget. In a statement issued by Mr. Olumobi Adewale from the office of the SSA in Abuja on Tuesday, Adeniji expressed her appreciation for…
The Kano State Hisbah Board has intercepted a truck transporting over 24,000 bottles of assorted alcoholic beverages along Zaria Road in Kano. Alongside the seizure, the board apprehended the truck driver and two other individuals involved in the incident. Alhaji Abba Sufi, the Director-General of the Kano State Hisbah Board, revealed these details in a…
Unless there are unforeseen changes, former Vice President Atiku Abubakar is set to vie for the Nigerian presidency in 2027. This intention was revealed by Daniel Bwala, the spokesperson for the Presidential Campaign Organisation of the Peoples Democratic Party (PDP) during the 2023 elections. Bwala affirmed that despite previous unsuccessful attempts, Atiku is determined to…
Senator Diket Plang of the All Progressives Congress (APC) representing Plateau State has emphasized the need for lasting solutions to the security challenges facing the state, stating that temporary measures are insufficient. Speaking to journalists in Jos, Senator Diket stressed that a permanent solution is crucial to saving lives and ending the recurring violence in…
The Trade Union Congress (TUC) has called on the Federal Government to honour all agreements made with organised labour in 2023, particularly regarding the national minimum wage. In a joint New Year message signed by TUC President, Festus Osifo, and Secretary General, Nuhu Toro, the union emphasized the need for the government to fulfil its…