archiveMay 2023

  Nigeria's new president Bola Tinubu's tenure is kicking off with the country's reserves at its lowest level in 20 months. According to data from the Central Bank of Nigeria (CBN), as at Thursday, 25 May 2023, Nigeria's foreign reserves stood at $35.15 billion. The last time Nigeria's foreign reserves...

The All-Share Index of Nigerian Exchange Limited surged by 5.32 percent at the end of trading on Tuesday. The Exchange in a press statement on Tuesday attributed the development to the removal of subsidy by the newly inaugurated president of Nigeria, Bola Ahmed Tinubu. Market capitalisation of stocks on the...

The Presidential Election Petition Court (PEPC) on Tuesday in Abuja admitted in evidence, a United States of America (USA) District Court judgment which reportedly indicted Asiwaju Bola Ahmed Tinubu and ordered his forfeiture of $460,000 in drug related offences. The certified true copy of the judgment was tendered by a...

President Bola Tinubu, on Tuesday, met with the governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele and the Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited (NNPCL) Mr. Mele Kyari at the Presidential Villa, Abuja. This was the first official assignment by the President...

In a bid to indorse its mantra – “For Every Moment”, Bigi and Sosa fruit drink of Rite Foods Limited, have organized fun-filled activities numerous children at the Ikeja City Mall, Alausa, Lagos, to mark this year’s Children’s Day celebration. Celebrated every May 27, Children’s Day in Nigeria is conceived...

Osun State Government said its attention has been drawn to the deliberate hoarding of petroleum (PMS) by the fuel dealers within the State as a result of the statement from the Inaugural Speech of the new President of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu on the removal...

  An Osun state high court has found the owner of Hilton Honours Hotel at Ile-Ife, Dr Ramon Adedoyin, guilty of the murder of Timothy Adegoke, a master’s student at the Obafemi Awolowo University, who was reportedly killed between November 5 and 7, 2021, at the hotel. The Osun Chief...

The Centre for Democracy and Development (CDD) has called on the new administration led by President Bola Tinubu to approach its assignment with strategic planning. The Centre in a statement on Monday by Idayat Hassan, CDD director, said  Tinubu must also handle the country’s governance with “sound financial management and...

  Tinubu merely communicating the status quo-- Presidency During his inaugural address at Eagle Square in Abuja on Monday, President Tinubu declared that there would no longer be a petroleum subsidy regime, as it was not included in the 2023 budget he reviewed. In his address, Tinubu emphasised the redirection...

The Economic and Financial Crimes Commission (EFCC), on Tuesday, said the siege on its Lagos Office by the Department of Security Services (DSS), was a threat to the fight against economic and financial crimes in the country. The operatives of the DSS, on Tuesday, laid siege on the EFCC office...