By Abimbola Ogunnaike The Central Bank of Nigeria (CBN) has disclosed that Diaspora remittances increased by 433 per cent to $1.3 billion in February from $300 million in January. The Acting Director of Corporate Communications at CBN, Hakama Sidi Ali, who confirmed the development on Thursday, 7 March, 2024noted that foreign investors’ interest in Nigeria surged during the period referenced. “The Bank’s data indicates that overseas remittances rose to US$1.3 billion in February 2024, more than four times the US$300 million received in January,” she said. Recall that CBN Governor, Olayemi Cardoso, during the 293rd Monetary Policy Committee meeting, detailed a plan…
Author: Olamide Obayemi
By Abimbola Ogunnaike The Lagos State Police Command has confirmed that an 80-year-old man, Isiyaka Ayinde, committed suicide inside his kitchen at the Watch Tower in the Araromi Imota area of the state. The state Police Public Relations Officer, Benjamin Hundeyin, confirmed the incident to an online medium on Friday, 8 March, 2024, adding that due to age and religious convictions, the deceased’s family insisted that the body be buried immediately. “The scene has been visited by the DCB personnel of the division, and photographs were taken. “The family of the deceased is not interested in depositing the body at…
By Abimbola Ogunnaike As he prepares his Liverpool team for what could be the final chapter in their captivating rivalry, the iconic manager of the English Premier League (EPL)giants, Jurgen Klopp, on Friday, 8 March, 2024, described Manchester City boss Pep Guardiola as the best manager of his lifetime. Recall that City have won five of the past six Premier League titles but Liverpool have been their main rivals, snatching the crown in 2020. The two teams are once again locked in a tussle at the top of the table, with leaders Liverpool ahead of the champions by a single point…
The member representing Enugu State in the Federal Character Commission (FCC), Mrs Ginika Tor, has admitted being quizzed over allegation of certificate forgery. Mrs Tor admitted this via a press statement she personally signed and released to the press while reacting to media report that she was grilled for many hours by the police at the Federal Criminal Investigation Department (FCID) in Abuja. A non-governmental organization, Nigerian Citizens Action Group (NCAG) had accused Mrs Tor of certificate forgery over her interrogation by the FCID. According to the organization, Tor was grilled for several hours between 11am and 3.30pm on 24…
Borno State Governor, Babagana Zulum, said his administration is targeting the construction of 85,000 new houses in 66 communities in the state aimed at resettling IDPs and other victims of Boko Haram insurgency. Zulum stated this on Thursday, 7 March, 2024, when he received a delegation under the northeast ambassadors’ group comprised of high commissioners, ambassadors, and developmental and humanitarian partners. Zulum explained that each of the proposed resettlement communities will have schools, clinics, police posts, marketplaces, stalls, boreholes, secure farmlands and vocational training centres where appropriate. The Governor said Borno State Government would commit 15% of its annual budget…
As FG Moves to Tap From $2.5bn Market Vice President Kashim Shettima on Thursday, 7 March, 2024, inaugurated the Intergovernmental Committee on Carbon Market Activation Plan in the bid to create a blueprint to drive an efficient sustainable carbon market ecosystem. This is in fulfillment of the promise made by President Bola Ahmed Tinubu @officialABAT to reduce Nigeria’s carbon footprint as well as plans by the Federal Government, in collaboration and support of the Africa Carbon Market Initiative (ACMI), to tap from the carbon market which has an estimated value of $2.5 billion. The inauguration of the committee chaired by…
Clerk of the Lagos State House of Assembly, Barrister Olalekan Biliamin Onafeko has warned public servants working in the Assembly and its Commission not to indulge in divulging official information to anyone, without government authorization. Onafeko gave the admonition as the guest speaker during a sensitization on “CURRENT ECONOMIC REALITY AND CONTEMPORARY ISSUES RELATING TO MANAGING STAFF WELFARE PACKAGE” at the 2nd edition of the staff forum organized by the Lagos State House of Assembly Service Commission at its office in Oregun, Ikeja. He further advised that any officer entrusted with official information or document is subject to the official…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has called for stronger purpose and efficiency as measures of tackling economic and financial crimes and other acts of corruption. He made this call in Abuja on Thursday, March 7, 2024 at the Opening Session of a Management Retreat of officers of the EFCC, themed, “Repositioning EFCC for Greater Efficiency”. He stressed that the fight against corruption needed to be fought with vigour, tenacity of purpose, clear focus, doggedness and efficiency to achieve optimal results. “Every success in the fight against corruption will be determined by…
Lead prosecution counsel in the trial of Willie Obiano , former governor of Anambra state, Sylvanus Tahir, SAN, on Thursday, March 7, 2024, accused the defence team of Obiano of allegedly evading prosecution’s service of a counter-affidavit. Obiano is facing trial by the Economic and Financial Crimes Commission, EFCC, on a nine-count charge of embezzlement and money laundering to the tune of N4 billion before Justice Inyang Ekwo of the Federal High Court sitting in Abuja. At Thursday’s session, Tahir told the court that the prosecution fruitlessly knocked at the gate of the chambers of the lead defence counsel, Onyechi Ikpeazu, SAN, that was placed under lock and key, with no access in a bid …
By Abimbola Ogunnaike The South-East chapters of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), have offered reason for proposing N540,000 and N447,000, respectively, as new minimum wage for civil servants. The proposal was made on Thursday, 7 March, 2024 during the South-East Zonal hearing organised by the Tripartite Committee on National Minimum Wage in Enugu State. Speaking on behalf of the NLC in the region, Comrade Fabian Nwigbo, the Chairman, NLC Enugu State Chapter, opined that the value of N30,000 minimum wage which came into effect in 2019 had been eroded by inflation. According to him, considering…