Nigeria’s external reserves increased to $40.920 billion as of January 6, 2025, up from $40.292 billion recorded on December 2, 2024. This is contained in the Central Bank of Nigeria’s external reserves movement data The data showed an increase of $628 million on a month-on-month basis, following the government’s $2.2 billion Eurobond auction on December 2, 2024. This growth in Nigeria’s external reserves is indicative of the effectiveness of the country’s strategic measures in stabilizing its foreign exchange position amid mounting external and internal challenges. Meanwhile, it is worth noting that the proceeds from the Eurobond auction likely served as…
Author: Abimbola Ogunaike
The Peoples Democratic Party (PDP)has removed Samuel Anyanwu and affirmed Sunday Ude-Okoye as the party’s authentic National Secretary of the party. The PDP spokesperson ,Debo Ologunagba, who made this disclosure on Tuesday, 7 January, 2025, said the party affirmed Ude-Okoye in compliance with a Court of Appeal order. Addressing journalists at PDP’s National Secretariat in Abuja, Ologunagba said the party was in receipt of the Court’s ruling affirming Ude-Okoye as the National Secretary, just as he also added that the party intends to carry out the dictates of the court fully. “I’m sure you know the background to all the cases where…
Bauchi State Governor, Bala Mohammed, has reappointed three of his former cabinet members as special advisers. This is coming less than 48 hours after dismissing them as commissioners. The appointments which take immediate effect were announced in a statement on Tuesday, 7 January, 2025 by the Governor’s Special Adviser on Media and Publicity, Mukhtar Gidado. According to the statement, the move is part of the governor’s strategy to ensure continuity and leverage the expertise of the former commissioners in advancing his administration’s developmental goals. According to the statement, the reappointed officials are AbdulhHameed Bununu, the former Commissioner for Internal Security…
Former Kaduna State Governor, Nasir El-Rufai’s ex-Chief of Staff, Muhammad Bashir Saidu, was on Tuesday, 7 January, 2025 charged to the Federal High Court in Kaduna by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Saidu, a one-time Commissioner for Finance in Kaduna State during El-Rufai’s administration, was charged alongside one Ibrahim Muktar, a public officer in the Ministry of Finance. This is contrary to earlier claim that Saidu had been exonerated of all charges after 10 months of investigation. The charge was signed by the Assistant Chief Legal Officer of ICPC, Dr Osuobeni Ekoi Akponimisingha. The court…
The Ogun State Police Command has confirmed that a 45-year-old tenant, identified as Tolulope Olusanya, who lived around Madojutimi Abiola Way, Abeokuta, has allegedly taken her life. The swollen body of the deceased, with a stench emanating from it, was found at her residence. The Ogun State Police Command Public Relations Officer, Omolola Odutola, who confirmed the development, noted that her landlord, Adebesin Adebayo, reported to the Kemta Divisional Police Station at about 8:15pm on Monday, 6 January, 2025, that the deceased had not been seen for several days. According to Odutola, the landlord, who was worried about her, went to her…
The Federal Capital Territory (FCT) Police Command has launched an investigation into a bomb explosion that killed two men and injured two others at the Tsangagyar Sani Uthman Islamiyya School in Kuchibuyi Village, Bwari Area Council, on January 6, 2025. According to the police, preliminary findings suggest that three men from Katsina visited the school’s owner, Mallam Adamu Ashimu, and allegedly brought an Improvised Explosive Device (IED) with them. Tragically, the device detonated on the school veranda while being tampered with, killing two of the visitors. A third man and a female trader sustained severe injuries and are currently receiving…
The Nigerian Senate has announced the tentative date for the passage of the 2025 Appropriation Bill. Solomon Adeola, Chairman of the Senate Committee on Appropriations said the budget presented to the joint Assembly by President Bola Tinubu would be passed on Friday, 31 January, 2025. Adeola made the disclosure during a meeting with all the Chairmen of the Senate standing committees. Recall the the President had on Wednesday, 18 December, 2024 presented a N49.7 trillion before lawmakers of the National Assembly. While the bill has passed its second reading, Adeola said the budget defence by various ministries, parastatals and agencies…
Retired personnel of the Nigerian Military on Tuesday, 7 January, 2025, erected canopies in front of the gate of the Ministry of Finance Complex in Abuja to protest the long overdue payment of their entitlements. The ex-service men were seen blocking the entrance of the Finance Ministry with about two different canopies and chairs. They were also seen going about exercise routines like push ups among others. According to the ex-military personnel, they were at the Ministry of Finance to demand the immediate settlement of their long-pending entitlements which the alleged government’s failure to pay them. The ex-service men said…
Bandits have imposed a staggering levy of N172.7 million on 25 communities in the Tsafe West area of Zamfara state, prompting hundreds of residents to abandon their homes out of fear of violent reprisals. According to reports by Zagazola Makama, a counterinsurgency publication focusing on the Lake Chad region, the gunmen are led by a notorious bandit leader, Danisuhu. In addition to cash payments, the assailants have demanded in-kind contributions such as bags of soybeans from the affected communities. The villages targeted and their respective levies are: Gijinzama: N8.5 million Dakolo: N5 million and 20 bags of soybeans Gunja: N7 million…
Years after the Nigeria Air project failed under the administration of former President Muhammadu Buhari and then Minister of Aviation, Hadi Sirika, the Federal Government is set to revive bid for a national carrier. The Permanent Secretary of the ministry of Aviation and Aerospace Development, Ibrahim Kana, said there are plans by the President Bola Tinubu’s administration to revive the bid to float a national carrier. According to Kana, the President has directed collaboration between the aviation industry and the head of the service to establish a national carrier and improve the security at the airports. “The first task is…