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Edo State Governor, Godwin Obaseki, has criticised policies recently introduced by the Central Bank of Nigeria (CBN), saying they cannot support the economic growth of the country. The governor said the interest rates that are raised would hinder small business owners from getting loans to expand their businesses which are detrimental to the growth of the country. Obaseki made this known at an event organised by the Edo Zone of Bankers’ Committee in Benin City, the state capital. According to the governor, Nigeria needs not to worry over interest rates but to create an enabling atmosphere for Nigerians to produce…
Nigerian Bar Association Section on Public Interest and Development Law has sued the Inspector General of Police, Kayode Egbetokun, over the issuance of the Central Motor Information System for vehicle owners across the country. The police had in December 2023, unveiled CMRIS as one of the means to help the police have essential details of vehicle owners in its database. However, according to the NBA-SPIDEL, obtaining the certificate from the Nigeria Police Force costs N6,000. In a letter dated January 29, the NBA-SPIDEL Chairman, John Aikpokpo-Martins, and Secretary, Funmi Adeogun, described the issuance of the certificate illegal and issued a…
Companies that breach the new Expatriate Employment Levy policy will pay N3m for each offence. The offences are not submitting EEL, not registering an employee, a corporate entity not renewing EEL within 30 days, and providing false information on EEL. The Expatriate Employment Levy is a financial contribution imposed on employers who hire foreign workers. The levy, which is mostly on the offshore earnings of expatriates working in Nigeria, aims to balance economic growth and workforce development by ensuring equitable contributions from expatriate employment. President Bola Tinubu launched the policy on February 28, 2024. He stated that the EEL would…
National Emergency Management Agency (NEMA) has declared that the warehouse looted in Abuja on Sunday did not belong to it. Residents broke into a storage facility in the Gwagwa area of Abuja on Sunday and looted stored food items. Residents of the area said youths broke into the warehouse located around the Tasha area of the community in the early hours of Sunday and looted bags of maize and other grains. “This is to clarify that the looted warehouse does not belong to NEMA. “However, the agency sympathises with owners of the looted facility,’’ NEMA’s spokesperson, Manzo Ezekiel, stated on…
Federal Government, on Friday, declared that the number of Nigerians that lack access to electricity from the national grid has increased to about 92 million. It disclosed this at the closing ceremony of the 7th Nigeria International Energy Summit in Abuja, as operators in the power sector called for partnerships in the deployment of solar power to bridge the country’s electricity gap. Nigeria generates and supplies between 3,000 and 4,000 megawatts of grid electricity to over 200 million citizens across the country, a development described as abysmally poor by experts and industry players. Speaking at the summit, the Minister of…
The federal government says repair of damaged sections on the Long Bridge, along the Lagos-Sagamu expressway, will commence on Monday. In a statement on Friday, Olukorede Kesha, the federal controller of works in Lagos state, said the repair work on the bridge will end on March 25. “The Federal Ministry of Works wishes to inform the motoring public that repair works for the damaged expansion joints on the Long Bridge will commence by Monday, 4th March 2024 simultaneously on both bounds of the bridge,” the statement reads. “Consequently, traffic leaving and entering Lagos through the Long Bridge will be narrowed…
United Nations Office on Drugs and Crimes (UNODC) says corruption is prevalent in the Nigerian judiciary. A representative of the UNODC, Melissa Omene, said this on Friday at a judicial accountability event in Abuja. The event was organised by Tapinitiative, a not-for-profit organisation Speaking on a 2019 survey conducted by the UNODC and the National Bureau of Statistics (NBS), Omene said the survey “found that 20 per cent of those who had contact with the Nigerian judiciary were confronted with a request for the payment of a bribe. “Indeed, corruption in the Nigerian judiciary is extensive and both male and…
A BUA truck conveying cartons of spaghetti has been attacked by hoodlums at Dogarawa axis of Zaria-Kano expressway. Dogarawa is a settlement located on the outskirt of Zaria along the expressway. This is coming barely one week after desperate residents hijacked trailers loaded with foodstuffs in the Suleja area of Niger State, stealing bags of rice and other food items amidst widespread hardship in the country. The trailers were said to be heading for Abuja from Kaduna when the mob blocked the road and made burnfires on the highway. An eyewitness disclosed that the Friday incident occurred around 3.15pm after…
Nigeria Deposit Insurance Corporation (NDIC) says it has reimbursed depositors of 179 microfinance banks (MFBs) and four primary mortgage banks (PMBs) that were recently shut down. Bello Hassan, managing director (MD) and chief executive officer (CEO) of NDIC made this known at the ongoing 45th Kaduna International Trade Fair on Thursday. He said the corporation has significantly improved its processes to ensure swift payment of insured sums to depositors in case of bank failure. Hassan, who was represented at the occasion by Hauwa Jimeta, a senior official of the corporation, added that NDIC has continually strengthened its systems, processes, and…
Western officials indulging in escalatory rhetoric should realize that they are effectively invoking the specter of an all-out nuclear war, Russian President Vladimir Putin warned in a speech to legislators in Moscow on Thursday. He also once again accused the West of instigating the Ukraine conflict. Putin addressed the topic in the opening minutes of his annual state-of-the-nation speech, a key event in which the president declares his plans and priorities in a televised address to both houses of the Federal Assembly of Russia, the national legislature. President Putin insisted that recent claims by Western officials, that Moscow is planning…
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Here’s the latest as Israel-Hamas war enters Day 151

UN envoy says 'reasonable grounds' to believe Hamas committed sexual violence on Oct. 7 The…
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Scientists may have finally solved the mystery of consciousness. Their discoveries are troubling

Throughout history, attempts by mere mortals to plumb the inner recesses of the soul have…
March 02, 2024

Super Eagles coach Peseiro leaves at end of contract

Nigeria's Portuguese coach Jose Peseiro said on Friday he had left the job only weeks…

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