General

The Central Bank of Nigeria (CBN) has announced the cessation of the RT200 rebate scheme and the Naira4Dollar remittance scheme, with effect from June 30. The apex bank announced the development in a circular issued on Wednesday and signed by Angela Sere-Ejembi, director, financial markets department. ”The Central Bank of Nigeria (CBN) wishes […]

The naira closed at N664.04 per dollar at the investors and exporters (I&E) window on Wednesday.  Earlier in the day, the local currency was initially quoted between N750 and N755 per dollar before appreciating to close at N664.04 to the greenback. The I&E foreign exchange (FX) window is the country’s official exchange […]

President Bola Tinubu has suspended Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC). President Tinubu gave the approval for Bawa’s suspension on Wednesday to allow for a proper investigation into his conduct while in office. Bawa has been directed to immediately hand over the affairs of his office to […]

President Bola Tinubu has suspended Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC). In a statement on Wednesday, Willie Bassey, director of information, office of the secretary to the government of the federation (SGF), said Bawa was suspended to allow for a proper investigation into his conduct while in office. […]

The National Hajj Commission of Nigeria (NAHCON) says it has discovered pregnant women among the pilgrims airlifted to the Kingdom of Saudi Arabia for the hajj exercise. NAN reports that Usman Galadima, head of the Nigerian medical team for the 2023 hajj, spoke on Wednesday during an interview with the national media team […]

The federal government generated N469.01 billion from company income tax (CIT) in the first quarter (Q1) of 2023. The accrual decreased by 37.79 percent from N753.88 billion earned in the previous quarter (Q4 2022), the National Bureau of Statistics (NBS) said in its latest CIT report for the first three months of the […]

The house of representatives has called on the federal government to introduce palliative measures to cushion the effects of the petrol subsidy removal on Nigerians. The call followed the adoption of a motion of urgent public importance by Sani Madaki, lawmaker representing Dala federal constituency of Kano, during the plenary session on Wednesday. […]

Nigeria and India have signed a memorandum of understanding (MoU), to block illicit drug flow between both countries. The MoU was undertaken by the National Drug Law Enforcement Agency (NDLEA) and the Narcotics Control Bureau of India. Signing the MoU on Wednesday, Buba Marwa, NDLEA chairman, said the move represents a commitment […]

The All Progressives Congress (APC) has taken a swipe at Amnesty International for saying President Bola Tinubu is doing little or nothing to tackle the killings of Nigerians by gunmen across the country. Isa Sanusi, Amnesty’s acting director in Nigeria, said more than 120 people had been killed since Tinubu assumed office on […]

The federal government says it is working out modalities to begin the disbursement of student loan from September and October. David Adejo, permanent secretary at the federal ministry of education, announced the development while answering questions from journalists in Abuja, on Wednesday. President Bola Tinubu had on Monday signed the bill to […]