Author: Our Reporter
The Central Bank of Nigeria (CBN), on Friday revoked the operation licences of 4,178 Bureau De Change (BDCs), in a measure to stabilize rbe forex market and halt the free fall of the naira. CBN in a statement by its acting director of corporate communications, Mrs. Sidi Ali, Hakama said the affected operators failed to meet the necessary guidelines set for the regulation of the industry as contained in the powers conferred in the bank under the Bank and other Financial Institutions Act (BOFIA) 2020. According g to CBN, the operators failed to pay all necessary fees, infusing licence renewal…
Senior Special Assistant to the President on Job Creation and Micro Small And Medium Enterprises (MSMEs), Temitola Adekunle-Johnson, on Thursday disclosed that the administration of President Bola Tinubu will create at least, 384,000 jobs in the next four years. Adekunle-Johnson stated this at a forum on job creation, organized by his office on Job creation and MSMEs. He said about 100,000 jobs will be created by the end of May, 2024 by the administration as it was the desire of the present government to focus on jobs creation. “We are saying that by the end of May 29, we will…
The United Kingdom (UK) Deputy Chief of Defence Staff, Lieutenant General Roly Walker, has lauded the Nigerian Army (NA) for its significant role in maintaining peace and stability in Africa and the West African Subregion. Director of the Army Public Relations, Major General Onyeama Nwanchukwu in a statement said the UK Defence Chief gave the commendation during his visit to the Army Headquarters in Abuja. General Walker appreciated the NA’s steadfast commitment to peacekeeping efforts across the continent, highlighting its pivotal role in addressing regional security challenges and the need for collaborative efforts to address persistent security concerns. READ ALSO:…
Vice President Kashim Shettima, has urged broadcast media organisations in the country to prioritise national unity in addressing the critical challenges facing northern Nigeria. Senior Special Assistant on media and communications to the Vice President, Stanley Nkwocha in a statement said, Shettina gave the charge on Wednesday when the Arewa Broadcast Media Practitioners Forum paid him a courtesy visit at the Presidential Villa, Abuja. Specifically, the Viice President identified poverty, insecurity and inclusivity as the major concerns demanding attention. He said, “These are more germane issues,” the Vice President pointed out, even as he also highlighted issues bordering on drug…
The Federal Government on Monday said that it will fund the Students Loan Programme signed as ‘Access to Higher Education Law’ by the President in June last year, through education tax collectible by the Federal Inland Revenue Service (FIRS). President Bola Tinubu in October 2023 announced that the loan scheme, which will commence January this year, will put an end to industrial actions in the country’s tertiary institutions and give Nigerian students opportunity to access funds at interest-free rates. Chairman of the FIRS, Dr. Zacch Adedeji while briefing State House Correspondents at the Presidential Villa, Abuja said, “This is one…
Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite has said that one of President Bola Tinubu’s visions is to jump-start Nigeria into a $1trillion economy through gradual implementation of policies that target to achieve a double-digit growth rate in Gross Domestic Product (GDP). The Trade Minister who stated this while briefing State House Correspondents at the Presidential Villa, Abuja said both the Presidential Council on Industrial Revitalization and the Presidential Council on Fiscal Reform and Tax Policy Review set up by Tinubu last year were already working in this direction. “For this to happen, we have been mandated and…
Minister of the Federal Capital Territory Administration (FCTA), Nyesom Wike, Wednesday declared that the Federal Government will not condone any form of bandit attack in Abuja. The Minister stated this at a town hall meeting he had with residents of the Bwari Area Council of the FCT, which he convened following increasing reports of kidnapping for ransom and killing in the FCT. Wike met earlier on Tuesday with heads of security agencies in the FCT, top officials of the administration and Chairmen of the six area councils, where he stated that the administration was aware of the security situation in…
…holds emergency security meeting Minister of the Federal Capital Territory Administration (FCTA), Nyesom Wike, on Tuesday assured residents of Abuja not to panic because of increasing cases of kidnapping, as the government was doing everything to nip the situation in the bud. The Miniater stated this shortly before the commencement of an emergency security meeting with heads of security agencies to discuss strategic steps needed to halt the spiraling rate of kidnappings and killings in and around the nation’s capital. Reports indicate that ABuja within the last three years, recorded over 50 kidnap cases involving over 200 persons. Between October and…
President Bola Tinubu on Monday led senior citizens including the leadership of the National Assembly, the armed forces and other critical stakeholders to lay wreath at the national arcade, Abuja, to honour the county’s living and fallen heroes. The Armed Forces Remembrance Day celebration is an event organised annually by the Ministry of Defence to commemorate Nigeria’s fallen heroes who paid the ultimate sacrifice for the sake of humanity during the First and Second World Wars, the Nigerian Civil War, peace support operations around the world, and the different internal security operations. Monday’s ceremony was the climax of this year’s…
President, Bola Tinubu has expressed support for a comprehensive execution of projects and programmes that will facilitate sustainable development of the Niger Delta and improve the lives of the people in the region. Special Assistant to the Minister of Niger Delta Development, Osigwe Omo-Ikirodah in a statement on Sunday said, the President gave the pledge after a crucial meeting with the Minister of Niger Delta Development, Abubakar Momoh at the Presidential Villa. He said that the Minister gave a comprehensive update on the ongoing activities and initiatives within the Niger Delta Development Ministry to the President and also seeking for…