archiveDecember 2024

The Federal Executive Council on Monday approved the renaming of the University of Abuja as Yakubu Gowon University. The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House correspondents after the council held its last meeting for 2024 at the Aso Rock Villa, Abuja. Idris said,...

Former presidential candidate and Economist, Kingsley Moghalu, has advised Nigerian leaders to focus on building the country’s economy, saying that the intense recent debate on Kemi Badenoch’s identity does not hold any value for the country. Moghalu weighed in on the controversy in a post on his official X handle...

Nigeria’s headline inflation rate rose to 34.60% in November 2024, a 0.72% point increase from October’s 33.88%  The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed...

arrests 193 Chinese, Arabs, Filipinos, Others The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam. The suspects were apprehended on Tuesday, December 10,...

EFCC re-arraigns ex-Bank PHB MD, Francis Atuche, two others for forgery in Lagos  The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, December 16, 2024, re-arraigned a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, on a nine-count charge bordering on conspiracy...

By Olisa Agbakona The Tax reform bill strikes at the heart of devolution of powers in Nigeria. The implication of the bill is seen from the revenue side, but it does have wider significance. The resistance to the Bill is not just based on distribution of tax revenue. The hidden...

The Arewa Youths Integrity Network (AYIN), a prominent socio-political group from northern Nigeria, has criticized President Bola Ahmed Tinubu over what it describes as ethnic favouritism in recent federal appointments. In particular, the group condemned the appointment of Mr Shamseldeen Babatunde Ogunjimi as Acting Accountant General of the Federation (AGoF),...

Governor Uba Sani of Kaduna State, has said that Governors of the 36 states of the federation had endorsed the creation of state police, following the submission of their reports to the National Economic Council (NEC). The governor said this while briefing State House correspondents at the end of 147th...

The Federal High Court sitting in Abuja, on Friday, granted bail to the embattled former governor of Kogi State, Yahaya Bello, in the sum of N500 million with two sureties in the like sum. Trial judge Justice Emeka Nwite, who granted the bail application, held that the sureties must be...

EFCC arrests suspected fraudster for allegedly duping 139 Australians Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a suspected online fraudster, Osang Usie Otukpa, for allegedly duping 139 Australians to the tune of $AUD8,000,000 (Eight Million Australian Dollars). He was picked up in a stake out at...