The National Economic Council, NEC, on Thursday said that the Federal Government, FG, has approved N5 billion grant to be given to each of the 36 states of the federation for the procurement of grains as well as five trucks of rice to each state as palliatives to cushion the effect of fuel subsidy removal….
Nigeria Deposit Insurance Corporation, NDIC, announced it will begin investigating directors of the 183 banks that recently had their licenses revoked. This was disclosed by the Managing Director of the NDIC, Mr Bello Hassan at a one-day capacity-building workshop for law enforcement agencies on Thursday in Lagos. The NDIC says it plans to work with the Economic…
Ijaw Elders Forum, a coalition of Ijaw groups, has written to President Bola Tinubu to demand a review of procedures in disposal of vessels and trucks seized for complicity in oil theft. The letter, dated 31 July and sighted by the NewsEmbassy on Thursday, condemned the menace of oil theft on the Nigerian economy and the…
“Whenever the militants visit a village, they will ask the chief to call all the people to listen to their message. The militants will say to people that they are against the government, that they want everybody to become Muslim and that those who refuse to obey will be slaughtered.” These are the words of…
Abia State Police, has confirmed the arrest of the General Overseer of the Agape Evangelical Ministry, Bishop Timothy Otu, over the death of a female evangelist, Mrs Happiness Echieze, in a hotel in Aba. Police Public Relations Officer, Abia State command, ASP Maureen Chinaka, explained that Otu had checked into a hotel in Obingwa council…
DSS, The Department of State Services (DSS) on Wednesday allowed the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, access to his second preferred personal medical doctor. Kanu’s lead counsel, Barrister Ifeanyi Ejiofor, who made this known in a statement on Thursday said the detained IPOB leader was attended to by an…
NNPCL, The Nigerian National Petroleum Company Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market, a terse statement posted on the official account of the company on X (formerly known as Twitter) said on Wednesday. The statement noted that the oil company secured the funding…
NDIC, The Nigeria Deposit Insurance Corporation, NDIC, Thursday, hinted that directors of the recently closed 183 microfinance banks, MfBs and Primary Mortgage Banks, PMBs, will soon be investigated for their roles in the collapse of their institutions. Managing Director/ Chief Executive, NDIC, Bello Hassan disclosed this in Lagos at a workshop organised by the Corporation…
Kebbi CP, Kebbi State Commissioner of Police, Titus Musa, on Thursday at the state police headquarters in Birnin Kebbi decorated no fewer than 158 police officers from the ranks of Inspectors to Superintendents of Police. In a statement issued by the Command’s image maker, SP Nafiu Abubakar, the decoration was in line with the police…
ECOWAS force, Troops of the Economic Community of West African States, ECOWAS, have said they are ready to participate in a standby force that could intervene in the Republic of Niger. After the coupists seized power from President Mohamed Bazoum, ECOWAS issued a seven-day ultimatum to the military to restore the president or risk sanctions,…
