January 2022

The Central Bank of Nigeria (CBN) got Nigerians exhilarated with the downward review of bank charges and rates on transactions, which includes ATM Maintenance Fees, Electronic Fund Transfers and Bulk Payments, Standing Order Charges (In-Branch), among others. This was disclosed in the CBN’s memo titled “RE: GUIDE TO CHARGES BY BANKS, OTHER FINANCIAL AND NON-BANK…

The Lagos State Governor, Babajide Sanwo-Olu, said the state government aims at the completion of the Lagos Intra-City train project which would cost the state N150bn and he assures that, the boarding ticket for the train, won’t exceed ₦250 per trip. The governor disclosed this on Friday, 28 January 2022, while featuring on the Channels…

Seven United Nations (UN) agencies were indicted by the Borno State Internal Revenue Service (BO-IRS) on Wednesday 26th January, 2022 for evasion of tax. The agencies which were indicted are the United Nations Children Fund (UNICEF), the World Health Organisation (WHO), World Food Programme (WFP), United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA),…

Biodun Oyebanji, the former Secretary to Ekiti State Government has secured the ticket to run as the governorship candidate of the All Progressives Congress in the upcoming Ekiti State gubernatorial elections. Oyebanji was declared winner of the primary election by The Chairman, APC Governorship Primary Electoral Committee for Ekiti, and Jigawa State Governor, Abubakar Badaru….

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday 26th of January, 2022 in a statement, addressed the media on the adjustments that have been made to accommodate the N3 trillion bill presented by NNPC. The bill was presented by the Nigerian National Petroleum Company (NNPC), and is directed towards maintaining the…

The Nigeria Immigration Services Comptrollers in charge of eight different locations in the North-West are currently meeting in Katsina to, among other to rejig the challenges of porous borders in the affected locations in the country and tackle the issue of human trafficking in the country. Zainab Lawal, The Assistant Comptroller General of NIS, in…

The House of Representatives committee set up for the amendment of the Nigerian 1999 constitution has refused to approve a bill that grants immunity to leaders in the National Assembly and some other judicial officers. Some of the officers that the bill seeks to absolve of all litigations are the Senate President, Deputy Senate President,…

The Central Bank of Nigeria (CBN) says it is targeting to bring down the price of rice from the current N38,000 to N20,000 per bag. This target is coming on the heels of the rice revolution that President Muhammadu Buhari launched last week in Abuja. The Director of Development Finance at the CBN, Mr. Yusuf…

African Development Bank President Akinwumi Adesina has described  Dangote oil refinery and petrochemical plant in Nigeria as a “game-changing initiative” that will spur Africa’s development and deepen regional integration, “This is a world-class industrial complex that will make Nigeria and Africa proud,”. Adesina said during a recent tour of the $19.5 billion Nigerian greenfield crude…

Bowing to pressure, the Federal Government is now proposing to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months. The Minister of State for Petroleum Resources, Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja. Speaking to…