Some students of the Federal University Gusau, Zamfara State, abducted by gunmen Friday morning have been rescued by the military. There had been earlier reports that bandits, in their large number, invaded three of the school’s hostels, forced their way into the rooms through windows and abducted 24 students. Military personnel were said to have engaged the attackers in a gun battle, before they escaped with their victims. However, a top military source close to the Commander of 1 Brigade Nigerian Army, Gusau, confirmed to newsmen that six of the…
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Stable Naira: “International partners ready to help Nigeria” – Treasury Secretary
…Tasks new CBN governor on strategy to address exchange rate United States Deputy Secretary of Treasury, Wally Adeyemo, has disclosed that the international bodies/partners were ready to help Nigeria towards addressing the exchange rate. Adeyemo disclosed this at a media parley in Lagos on Tuesday, while on a visit to Nigeria to highlight the economic and cultural ties between the two countries. This comes as he expressed hope in the appointment of the new governor of the Central Bank of Nigeria (CBN), urging him to come up with a clear strategy…
Read MoreNew CBN Governor, Yemi Cardoso, assumes office
The newly appointed Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, has formally assumed office. According to a statement issued by apex Bank’s Director of Corporate Communication, Dr. Isa AbdulMumin, disclosed this in a statement today, yesterday, Dr. Cardoso would occupy the office in an acting capacity pending the confirmation of his nomination by the National Assembly. The statement confirmed the resignation of Godwin Emefiele as CBN governor. Similarly, Folashodun Shonubi, who acted as CBN governor after Emefiele’s suspension, also resigned along with all the deputy governors…
Read MoreNiger Delta: NNPC discovers 54 illegal pipeline connections, 78 unlicensed refineries
The Nigerian National Petroleum Company (NNPC) Limited said 234 incidences of illegal connections, refineries, amongst others, were recorded in several oil-producing states in the Niger Delta region between September 9 to 15, 2023. NNPC said the total incidences recorded were higher compared with the 148 incidences of illegal connections and refineries reported between September 2 to 8, 2023. At the time, the oil firm said, eight illicit pipeline connections and unlawful refineries were uncovered. However, in its weekly war on crude oil documentary aired on national television on Tuesday, NNPC said…
Read MoreRenewed Hope Agenda: “No ‘Yorubanisation’ of appointments under Tinubu” – ‘The Natives’ leaders
A pro-democracy group, made up of Nigeria’s tribal leaders under the aegis of ‘The Natives‘, has defended recent appointments made by President Bola Tinubu, saying the President has been fair, and just and implementing the ‘Renewed Hope Agenda’ he promised the nation. The Natives, which comprises 371 ethnic, religious and tribal backgrounds with about 20 million members across the country, also congratulated the President on his outing at the 2023 United Nations General Assembly, (UNGA). In a statement issued yesterday in Abuja by its ‘Supreme Leader’, Smart Edwards, the group…
Read MoreInsecurity: US bans its citizens from visiting 18 Nigerian States
Two days after the United States Deputy Treasury Secretary, Wally Adeyemo, visited Nigeria as part of U.S. efforts to strengthen economic ties between both countries, the U.S. government has warned its citizens to reconsider travelling to Nigeria due to increased risk of crime, terrorism, civil unrest, kidnapping, and armed gangs in the country. The travel advisory, which carpets 18 states in all, excludes Lagos, 17 other states and the Federal Capital Territory, (FCT). An updated travel advisory issued on September 20 by the U.S. Department of State included a flat…
Read MoreRail Project: Minister expresses diapointement over slow progress on Port Harcourt-Maiduguri narrow gauge
The Minister of Transportation, Senator Sa’idu Alkali, on Friday said he was disappointed by the slow progress of work on the Port Harcourt-Maiduguri narrow gauge railway project. Alkali expressed his disappointment after he and some top officials of the Ministry of Transportation inspected the project at Oyibbo Community in Rivers State on Friday, a statement from the ministry said. The minister said he was disappointed with the slow progress of work on the project and the performance of the contractor, China Civil Engineering Construction Corporation (CCECC). He said he was concerned…
Read MoreZamfara Students abduction: Gov. Lawal calls emergency security meeting
Governor Dauda Lawal of Zamfara has summoned an emergency Security Council meeting, following the recent abduction of an unspecified number of female students of the Federal University, Gusau. The governor’s Media Aide, Suleiman Idris, disclosed this in a statement issued in Gusau and made available to newsmen on Friday. Idris stated that the meeting was necessitated by the abduction of the students from their off-campus residence in Sabo Gida Village, Bungudu Local Government Area of the state. He said that the essence of the meeting was to ensure the immediate…
Read MoreAdjusted Fuel Pumps: NMDRRA to sanction erring stations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations operators who alter petroleum pumps. Mr Farouk Ahmed, NMDPRA Chief Executive, said this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday in Abuja. Ahmed said that petrol stations caught dispensing fuel with adjusted fuel pumps would face heavy sanction. He said that the sanctions to be meted out include revocation of operating licenses, suspension from operation or shut down depending on the gravity of the offence.…
Read MoreVP Shettima assures of fraternal bewteen executive, legislature
Vice President Kashim Shettima has assured Nigerians of continued fraternal bond between the executive and the legislative arms of government. Shettima gave the assurance when he declared open a two-day retreat for the leadership of the 10th National Assembly (NASS) in Ikot Ekpene, Akwa Ibom on Friday. The Vice President said that President Bola Tinubu remains committed to safeguarding Nigeria’s democracy. Shettima also assured the leadership of the National Assembly of Tinubu’s avowed commitment to entrenching democratic ideals and values through collaborative partnership with all arms of government. He said…
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