archiveJune 2023

The Management of the Nigeria Deposit Insurance Corporation (NDIC) said its attention has been drawn to the media report by the Peoples' Gazette and Sahara Reporters regarding allegations of financial impropriety involving one of our staff members. The Corporation stated this in a press statement signed by Bashir A. Nuhu...

A divorce-seeking woman, Taibat Abubakar, has accused her husband, Abubakar Salihu, of getting her pregnant without having sexual intercourse. Taibat told a magistrates’ court in Kwara State that she cannot explain how she became pregnant without having had penetrative vaginal sex with her husband. She told the court that her...

  The Federal Government has suspended construction work on the Lagos-Ibadan Expressway for easy passage of travelers during the Eid Kabir holiday. In a statement on Monday, the Federal Controller of Works in Lagos State, Mrs. Olukorede I. Kesha, said the suspension of work on the ever-busy road would be...

The Manufacturers Association of Nigeria (MAN) has condemned the planned 40 per cent hike in Nigeria’s electricity tariff by Distribution Companies (DisCos) effective July 1, 2023. MAN, in a statement signed by its Director General, Segun Ajayi-Kadir, warned of the gross ripple effects of a tariff hike on the country’s...

Nigeria’s total public debt stock rose about $108.30 billion to N49.85 trillion as of March 31, 2023 The Debt Management Office (DMO) that released the figure at the weekend explained that the total public debt stock comprises the external and domestic debts of the Federal Government of Nigeria (FGN), the...

Socio-Economic Rights and Accountability Project (SERAP) has urged acting Governor of Central Bank of Nigeria (CBN), Folashodun Shonubi, to immediately delete the “patently unlawful provisions in the CBN Customer Due Diligence regulations directing banks to obtain information on customers’ social media handles for purposes of identification.” The group also pleaded...

  President Bola Tinubu has welcomed an investment of $520 million in specialised agro-processing zones by the African Development Bank (AfDB). He praised the President of the multilateral institution, Dr. Akinwunmi Adesina, for further opening up the economy for investments that provide job opportunities and poverty reduction. In a statement...

  Following the ongoing rehabilitation and reconstruction works on the Lagos-Ibadan Expressway, the Federal Road Safety Corps (FRSC) has announced a new traffic diversion. The Corps, in a statement issued on Saturday by its Public Education Officer, Bisi Kazeem, announced that the traffic had been diverted from linking the expressway...

A Magistrate Court in Iyaganku, Ibadan, the capital of Oyo State, has ordered the remand of seven people who claimed to be Yoruba Nation agitators at the Abolongo correctional facility in Oyo. The accused, dragged to court due to their involvement in the invasion of a radio station in Ibadan...

  Ngozi Okonjo-Iweala, the Director General of the World Trade Organisation (WTO) on Saturday reacted to the criticisms from Nigerians over the photographs he took in Paris, France. Okonjo-Oweala had posted a photograph of him in which President Bola Tinubu was cropped out. The WTO DG had taken the photograph...