CBN Cracks Down on Banks, Imposes N150m Fine for Supplying New Notes to Hawkers
The Central Bank of Nigeria has imposed a penalty of N150m on banks found releasing mint naira notes to hawkers. This move is part of efforts to curb the growing…
South Korea’s National Assembly Votes Impeaches President Yoon Suk-yeol
South Korea's National Assembly has impeached President Yoon Suk-yeol over his failed martial law bid. The unicameral assembly voted 204 to 85 to impeach Yoon, with three members abstaining and…
Why I Went To Prison – Rapper, Ice Prince
Panshak Zamani, the popular Nigerian rapper and singer, famously known as Ice Prince, has opened up about his prison experience. In September 2022, a Lagos State magistrate court remanded the…
Former Kogi Deputy Speaker, Enema Paul Is Dead
Hon Enema Paul, the immediate past Deputy Speaker of the Kogi State House of Assembly, has died. He died of an undisclosed illness in Abuja at a private hospital in…
First Bank Dismisses Allegations of N7billion Fraud
First Bank of Nigeria has dismissed allegations of a N7billion fraud case, describing the claims as "unfounded" and "unsupported by any factual evidence." In a statement by the bank's Acting…
FG Spends Additional N14bn on Military Equipment
The Nigerian government has injected an additional N14 billion into military procurement between September and October 2024, as part of its response to the worsening security situation in the country.…
FAAC Disburses N1.72trn to FG, States, LGs for November 2024 Revenue
The Federation Account Allocation Committee (FAAC) has distributed N1.72 trillion to the federal, state, and local governments for November 2024 revenue. The gross total revenue for November stood at N3.14…
CBN Clarifies Validity of Old Naira Notes Amidst Confusion
The Central Bank of Nigeria has put to rest the controversy surrounding the validity of old ₦1000, ₦500, and ₦200 notes, stating that they remain legal tender without any deadline.…
Real Reason Why Tinubu Nominated Wike as FCT Minister – Akpabio
The President of the Senate, Godswill Akpabio, has said President Bola Tinubu appointed Nyesom Wike as Minister of the Federal Capital Territory (FCT) because of his capacity. Senator Akpabio said…
Nigeria Cannot Achieve Meaningful Development Without Power Sector Reforms –Shettima
Nigeria’s Vice President, Kashim Shettima has revealed what Nigeria needs for development. He said the country cannot achieve economic development without addressing the power sector crisis. This is as he…