•Official, black market rates at parity first time in eight years •We have not switched to complete free float, says CBN deputy governor Exactly a week after the Central Bank of Nigeria (CBN) pulled the plug on the foreign exchange (FX) market to allow gradual rates harmonisation around the Investors’ and Exporters’ (I&E) window, the […]
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A Federal High Court in Abuja has annulled the February 2022 impeachment and reinstated Mahadi Aliyu Gusau as the Deputy Governor of Zamfara State. It also ordered that he should be paid all his entitlements. Gusau and the Peoples Democratic Party (PDP) filed the action over the moves that eventually led to his impeachment in […]
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If there was any doubt about the endemic corruption assailing the Nigerian judiciary, Adamu Bulkachuwa, who represented Bauchi North in the Ninth Senate, has just dispelled it. His valedictory speech suggested that he may have influenced his wife, Zainab, a former president of the Court of Appeal, in “helping” lawmakers in their positions. To many […]
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The Coalition for Good Governance and Change Initiative on Tuesday issued Kano Governor, Abba Yusuf, a 72-hour ultimatum to stop his reign of ‘madness’ and pacify victims who lost their properties to the demolition or be prepared to face litigation. This was even as the coalition appealed to President Bola Tinubu to intervene in the […]
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The Federal Government, on Monday, confirmed that it had commenced the implementation of the payment of a 7.5 percent Value Added Tax on Automotive Gas Oil, popularly called diesel. Officials of the Nigeria Customs Service and Federal Inland Revenue Service confirmed this in Abuja, stressing that AGO was not exempted from the payment of VAT […]
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Airfares on Nigeria routes to various destinations in Europe, North America, the Middle East, and other foreign cities have skyrocketed as the exchange rate for ticket pricing hits N702/$, according to findings. The development came barely one week after the Central Bank of Nigeria floated the naira and directed commercial banks to sell foreign exchange […]
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A few hours after President Bola Tinubu announced the end of the petrol regime in his inaugural speech on May 29, petrol pump prices skyrocketed from N195/litre to over N500/litre in all states and the Federal Capital Territory. Consequently, the huge spike in petrol prices has caused the prices of most goods and services to […]
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Vice President Kashim Shettima, on Tuesday, June 20, 2023, decorated Mr. Kayode Egbetokun as the Acting Inspector-General of Police, at the Presidential Villa, Abuja. The brief decoration ceremony in the Vice President’s Conference Room was jointly performed with the spouse of the new Acting Inspector-General of Police, Mrs. Egbetokun. Speaking to journalists at the Villa […]
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By Ray Ekpu On May 29 this year, President Bola Tinubu said during his inauguration that security was going to be a top priority for his government. He said: “We shall invest more in our security personnel and this means more than an increase in number. We shall provide better training, equipment, pay and firepower.” […]
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President Bola Tinubu’s assent, the other day, to the electricity bill passed in July 2022 seeking to repeal the Electricity and Power Sector Reform Act, 2005 is a welcome development. But it is just the beginning of a road that is certain to be rough and winding toward meeting the country’s electricity requirement. First is […]
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