Kano police reportedly arrests 11 Muslims for eating during Ramadan The Kano State Hisbah Board has apprehended 11 Muslims for violating the Ramadan fast by eating during the day. The arrests were made during the annual Ramadan enforcement operations, which included searches of eateries and markets. The board’s Public Relations Officer, Lawal Ibrahim, who confirmed...
Just In: CBN revokes licenses of over 4,000 Bureau De Change (BDC) operators The Central Bank of Nigeria (CBN) on Friday revoked the license of 4,173 bureaux de change (BDC) operators. CBN’s spokesperson Hakama Sidi Ali announced this in a statement. Sidi Ali said the affected institutions listed on the CBN website failed to comply...
President Tinubu Scraps EFCC, ICPC, NCDC, NCC,NTA, Several Others over Oronsaye report President Tinubu has ordered the immediate scrapping of many agencies in full implementation of the Oronsaye report. President Bola Tinubu on Monday, February 26, ordered the implementation of the Stephen Oronsaye panel’s report on the reform of the civil service, in this report,...
President Tinubu cuts cost of governance by implementing Oronsaye Report Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing Federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report. Many agencies will be scrapped...
Oh No: Naira tumbles to N1,900/$ at parallel market The Nigerian naira, on Tuesday, depreciated further to N1,900 to the dollar at the parallel section of the foreign exchange (FX) market. The naira declined by 9.83 percent from the N1,730 recorded on Monday. Currency traders, also known as Bureau de Change (BDC) operators, quoted the...
Lagos State Government set to penalise Landlords renting out their apartments at exorbitant fees The Lagos State Government on Thursday said it would penalise homeowners found guilty of renting out their apartments at exorbitant fees. Commissioner for Housing Moruf Akinderu-Fatai in a statement, said the government would wield a big stick on allottees who engaged...
Economic Hardship: Price of Spaghetti jumps to N950 from N80, single egg N300, butter N1,400, sardine N1,020, 50Kg bag of rice N77,000 — Report The prices of staple food have gone up amid worsening inflation. It is reported that since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life...
Governor. Fubara of Rivers State confers State Honors on Nwabali, gifts him N20M Nwabali was the super eagles goal keeper during the just concluded Afcon where the team finished as second.
Banker Caught By EFCC Selling New Naira Notes To POS Agent The Economic and Financial Crimes Commission (EFCC) has arrested a banker, Soberechukwu Ewa, for allegedly selling new naira notes to a Point of Sales (POS) cashier, Azubuike M. Obasi. The POS agent, Obasi, was also arrested alongside the banker by operatives of EFCC’s Port...
 FG can’t continue to subsidize electricity — Minister of Power The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the country is currently indebted to the tune of 1.3 trillion naira to generating companies (GenCos) and 1.3...
