The Central Bank of Nigeria has created a department to deal with crude oil sales transactions by the Nigerian National Petroleum Company Limited, the Group Chief Executive Officer, NNPCL, Mele Kyari, announced on Thursday. Kyari also revealed that the Board of Directors of NNPCL had approved the decision to move significant portions of the company’s…
He noted that these measures would help to stabilise the foreign exchange rates and minimize the distortion that high exchange has on inflation, as they are closely related. Cardoso, who disclosed this during a briefing of the Joint Senate Committee on Finance, Banking, Insurance and Financial Institutions on Friday, said that $1bn has come into…
Both the NLC and the Trade Union Congress (TUC) had on Thursday issued a 14-day ultimatum to the Federal Government to fulfil the 16-point agreement with the workers since October last year. Reacting to some comments condemning Labour for always issuing threats for strike actions, Head of International Relations of the NLC, Uchenna Ekwe, who…
A coalition of civil society groups, Thursday vehemently condemned what they described as “unwarranted political persecution and harassment against the immediate past governor of Kogi, Alhaji Yahaya Bello, by Economic and Financial Crimes Commission (EFCC). The groups, comprising prominent voices such as the Kogi Ethnic Nationalities Union, Conscience Nigeria, and Civil Society for Transparent Leadership,…
The Northern Emancipation Network (NEN) has strongly condemned alleged moves by the anti-graft agency to investigate former Governor of Kogi State, Yahaya Bello The NEN Chairman, Suleiman Abbah, in a statement, expressed concern over the ongoing alleged intimidation and harassment of Governor Bello, stating that such actions were unacceptable. The group stated that the original…
Five Nigerians died on Wednesday while watching the semi-final match between Super Eagles of Nigeria and Bafana Bafana of South Africa at the ongoing African Cup of Nations in Ivory Coast. The match was tense and a lot of Nigerians became emotional and nervous due to some highlights including Victor Osimhen’s cancelled goal, Ola Aina’s…
A Senior Advocate of Nigeria and former Attorney General of Akwa Ibom state, Uwemedimo Nwoko, insists that the former senator must either be prepared for court action to establish his bribery allegations or tender apologies for making unsubstantiated allegations.He further notes that the former lawmaker has not produced any evidence to substantiate his allegations of…
A family source, who confirmed his death to Channels Television, said he slumped in his Abuja office while watching the Africa Cup of Nations (AFCON) semi-final match between Nigeria and South Africa late Wednesday. President Bola Tinubu has sent a condolence message to the family of the former NDDC Executive Director.In a statement by his…
Russia’s presidential hopeful Boris Nadezhdin has said his bid to run in elections in March has been blocked, and that he will challenge the decision of the election commission in the country’s highest court. Nadezhdin, a prominent critic of the war in Ukraine, is intent on unseating incumbent Vladimir Putin. But his bid was stymied…
