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faith Jegede

CBN Bans Banks From Utilising Naira Devaluation Gains 

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilizing gains from the revaluation of the naira to pay dividends or finance operations.

Umahi Tackles Contractor Over Shoddy Job

The new minister of works, Senator Dave Umahi who is on a familiarization tour of the federal roads across Nigeria, slammed a contractor handling roads in the East, for doing shoddy jobs.

FG Hikes Electricity Meters Price By 40%

The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase pre-paid electricity meters and declared that the hike takes effect from September 6, 2023.

NANS Tackles DSS, To Storm UNILAG Tomorrow

The National Association of Nigerian Students has warned the Department of State Services not to try to deter students from exercising their rights to protest, saying this is a universally recognised human right.

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ICPC To Investigate Farouk Ahmed Following Dangote’s Petition

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is set to launch an investigation into allegations leveled against the former Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, by Alhaji Aliko Dangote, President of the Dangote Group. Dangote had accused...

Police Deploy Special Tactical Units As NLC Prepares For Nationwide Protest

Security agencies nationwide have deployed special forces and tactical units ahead of today’s nationwide protest organised by the Nigeria Labour Congress (NLC). The mobilisation comes as the labour centre insists on proceeding with what it calls a “National Day of Protest and Mourning” over escalating insecurity and deepening...

Tinubu Nominates New Petroleum Regulators’ CEOs As Farouk Ahmed, Komolafe Exit Office

Farouk Ahmed has resigned as the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) amid corruption allegations levelled against him by the Chairman of the Dangote Group, Aliko Dangote. The development was disclosed on Wednesday by the Presidential spokesman, Bayo Onanuga, who also confirmed that Gbenga Komolafe has stepped...