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CBN Injects Fresh $210m into Forex Market

In continuation of its intervention in the interbank segment of the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) wednesday made available another $210 million in the market to meet the requests of customers. A breakdown of the figures made available by the Bank indicated that the CBN offered

 Why I sued Nigerian government – David Mark

Former Senate President, David Mark has explained why he took the Special Presidential Investigation Panel for the Recovery of Public Property to a Federal High Court, Abuja. In the suit, Mark claimed that the panel planned to evict him from his residential property, which he duly acquired. The Federal Government had accused

79% of N’East citizens are food insecure – Report

Borno, Yobe and some states in the North East of Nigeria have recorded over 100 per cent increase in prices of food in the last two years. Data from the National Bureau of Statistics (NBS) shows that between January, 2016 and January, 2018, and even up to last month, food prices

IMF warns Nigeria on N21.725trn debt

…says borrowed funds should yield high returns lFund supports nation’s debt strategy As Nigeria’s debt profile continues to rise, the International Monetary Fund (IMF) has raised the alarm that the debt level was “creating some form of vulnerabilities.” The Fund’s Assistant Director, Fiscal Affairs Department, Catherine Pattillo, said this yesterday in Washington

Nigerian Police recovers mace stolen from Senate

The Nigerian Police say they have recovered the mace that was stolen from the Senate on Wednesday. This was contained in a statement signed by the Deputy Police Public Relations Officer in the police headquarters, Aremu Adeniran. According to Adeniran, they recovered the mace where the hoodlums abandoned it. “The police teams engaged in

55 Politicians Stole N1.354trn In Seven Years — SERAP

A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how “55 politicians, high-level public officials and leaders allegedly stole N1, 354 trillion between 2006 and 2013 from the nation’s treasury.” According to the report, “The amount of money embezzled, misappropriated, or stolen by public officials and leaders

Court sacks Osanebi, Deputy Speaker of Delta

A Delta State High Court sitting in Kwale, Ndokwa West Local Government Area of the State, has removed the Deputy Speaker of the State House of Assembly, Friday Osanebi. He was removed over alleged falsification of Information. The court presided over by Justice V. I Ofezi ordered the Independent Electoral Commission, INEC

Ohaneze Crisis Deepens As Group Plans Fresh Elections

The crisis rocking the apex Igbor socio-cultural organisation, Ohanaeze Ndigbo, deepened further at the weekend as its youth wing vowed to sack the President General, Chief John Nnia Nwodo, for allegedly meddling with activities of the youths and women wings. Accordingly, the group has shortlisted three persons including Prince Richard Ozobu,

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