News

Nigeria was thrown into darkness on Thursday following the collapse of the electricity grid controlled from Osogbo, Osun State, around 4:32 p.m. A source in one of the distribution companies (DisCo) said the feeders for most DisCos nationwide were out of supply. The development, the source added, has left virtually all franchise areas for DisCos across the 36 states in darkness. According to the source, as of 4p.m, the grid output was 2984 megawatts. But by 5 p.m., the 21 plants on the grid had zero output. In February, a grid collapse also left the nation in darkness. A last…
Two executives from Binance, the world's largest cryptocurrency exchange, have sued Nigeria's national security adviser's office and the anti-graft agency for violating their fundamental rights and asked the court to set them free. Tigran Gambaryan, a U.S. citizen and Binance's head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is Binance's regional manager for Africa, flew to Nigeria following the country's decision to ban several cryptocurrency trading websites and were detained on arrival on Feb. 26. Anjarwalla fled the country last week and now faces the prospect of an international arrest warrant. On Thursday, Gambaryan appeared in a…
In a move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET). The Presidential Economic Coordination Council (PECC) comprises distinguished leaders and key government officials, including: (1) President of the Federal Republic of Nigeria – Chairman of the PECC (2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC / NEC Chairman (3) President of the Nigerian Senate (4) Chairman, Nigeria Governors’ Forum (5) Coordinating…
Federal government has declared Friday, March 29 and Monday, April 1, as public holidays to mark Good Friday and Easter Monday, respectively. Olubunmi Tunji-Ojo, minister of interior, announced the public holidays in a statement issued on Wednesday by Aishetu Ndayako, permanent secretary of the ministry. The minister urged Nigerians to emulate the sacrifice and love displayed by Jesus Christ in dying for the redemption of man. “Easter, beyond religious significance, promotes values of love, forgiveness, and compassion, which are essential for social cohesion and harmony,” the statement reads. “While wishing Christians at home and abroad a happy and blissful Easter…
Wednesday, 27 March 2024 04:37

CBN raises interest rate yet again

Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate by 200 basis points from 22.75 per cent to 24.75 per cent amid soaring inflation. The central bank made this known after the two-day Monetary Policy Committee (MPC) meeting held between Monday and Tuesday. According to the National Bureau of Statistics, the country’s latest annual inflation rate jumped to 31.70 per cent from 29.90 per cent a month prior, primarily fueled by a continuous surge in food prices. Olayemi Cardoso, governor of the CBN, on Tuesday, disclosed that the MPC voted to adjust the asymmetric corridor around the MPR…
Nigeria's Defence Chief, Chris Musa, said on Monday the military was being fed bad intelligence by informants, hampering the fight against armed kidnapping gangs who continue to abduct students and residents in the north of the country. The military announced on Sunday that it had rescued 137 students abducted by gunmen earlier this month in northwestern Kaduna state. The school children arrived in Kaduna on Monday. Musa told Reuters that the military was too stretched and often relied on informants to pursue the armed gangs, known locally as bandits, often with little success. "They (informants) make the troops go elsewhere…
Office of the National Security Adviser (ONSA) has confirmed that Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance has escaped from custody. The NSA has now activated its dragnet involving Interpol and other MDA’s to apprehend the fleeing suspect. Spokesman of ONSA, Zakari Mijinyawa, who confirmed the escape noted that the suspect eloped using a smuggled passport. “Upon receiving this report, this office took immediate steps, in conjunction with relevant security agencies , MDAs, as well as the international community, to apprehend the suspect. Security agencies are working with Interpol for an international arrest…
National Hajj Commission of Nigeria (NAHCON) has increased the fare for the 2024 pilgrimage to Saudi Arabia by N1,918,032.91. In a statement issued on Sunday evening by Farima Usara, NAHCON spokesperson, said intending pilgrims have up to March 28 to make payment for the spiritual exercise. Usara said the development was due to the forex crisis which Nigeria has been battling for months. The commission had initially pegged the fare for this year’s hajj at N4.9 million. With the N1.9 million increment, intending pilgrims who had deposited N4.9 million will now pay N6.8 million in total. “However, due to late…
The abducted Kuriga schoolchildren in Kaduna State have been released by their abductors. The state governor, Uba Sani, announced their release on his verified Facebook page in the early hours of Sunday. The governor did not go into details of their release, but commended President Bola Tinubu, National Security Adviser, Nuhu Ribadu, and the Nigerian Army. He wrote, “In the name of Allah the Beneficient, the Most Merciful, I wish to announce that our Kuriga school children have been released. “Our special appreciation goes to our dear President, Bola Tinubu, for prioritizing the safety and security of Nigerians and particularly…
Debt Management Office (DMO) says Nigeria’s total public debt rose to N97.34 trillion in the fourth quarter (Q4) of 2023. In a statement on Friday, DMO said the latest figure represents a 10.73 percent or N9.43 trillion increase compared to N87.91 trillion recorded in the third quarter (Q3) last year. The country’s public debt consists of domestic and external debt stocks of the federal government of Nigeria (FGN) and the subnational governments — the 36 states and the federal capital territory (FCT). According to DMO, the increase was primarily due to new domestic borrowing by the federal government to partly…
March 16, 2025

Petrol price war drives marketers to reduce purchases as losses mount

A price war between Dangote Petroleum Refinery and the Nigerian National Petroleum Corporation Limited (NNPCL)…
March 16, 2025

El-Rufai speaks further on Tinubu’s presidency, Chicago scandal, other issues

Former Kaduna State Governor Nasir El-Rufai has revealed that he and other political leaders were…
March 14, 2025

How leaders train themselves to rethink and adapt faster

Paola Cecchi-Dimeglio Recognizing the value of rethinking is one thing—making it a habit is another.…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 14, 2025

Gunmen invade Kaduna communities, abduct 10

Suspected bandits have abducted ten villagers from three remote communities in Kajuru Local Government Area…
March 16, 2025

Here’s the latest as Israel-Hamas war enters Day 527

Freed Israeli hostage speaks for the first time about his 505 days of surviving Hamas…
March 15, 2025

Humanoid robot with human-like competence unveiled in China

Du Qiongfang Humanoid robot manufacturer AgiBot in Shanghai unveiled on Tuesday its latest humanoid robot…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.