The House of Representatives has instructed the Central Bank of Nigeria (CBN) to phase out old naira notes and boost the distribution of newly minted N200, N500, and N1,000 notes. This directive followed a motion of urgent national importance presented by Adam Victor Ogene (LP, Anambra). The lawmakers urged the CBN to work with commercial […]
Category archives: News
IGP Introduces Updated Police Training Curriculum with Emphasis on Social Media and Sex Education
Inspector-General of Police, Kayode Adeolu Egbetokun, has approved a Revised Training Curriculum for all police recruits, aimed at enhancing the professionalism and operational effectiveness of the Nigeria Police Force. The new curriculum includes critical topics such as the Police Act 2020, social media policy, gender mainstreaming, sex education, and anti-corruption laws. It also covers areas […]
DisCos Warn of Continued National Grid Collapses Without Urgent Government Action
Nigeria’s electricity grid will continue to experience frequent collapses unless the federal government addresses the long-standing issues plaguing the power sector, according to the Distribution Companies (DisCos). The national grid has reportedly collapsed 105 times over the past decade, with the most recent failure caused by a transformer explosion in Jebba, leading to a sharp […]
PDP Criticizes Tinubu’s Cabinet Reshuffle, Calls New Ministers ‘Filthy Rags’ Replacement
The Peoples Democratic Party (PDP) has expressed strong disapproval of President Bola Ahmed Tinubu’s recent cabinet reshuffle, criticizing the quality of the new ministers appointed to replace those recently dismissed. Despite the president’s efforts to streamline his administration for better governance, the opposition has raised concerns over the motives behind the changes. After a Federal […]
Dollar to Naira Black Market Exchange Rate Today, 24th October 2024, and MTN Nigeria’s Warning on Tariff Hike
Dollar to Naira Black Market Exchange Rate for 24th October 2024 The exchange rate between the US dollar and the Nigerian naira on the black market (also known as the parallel market or Aboki FX) has been updated. Below are the rates as of 23rd October 2024, where traders at the Lagos parallel market are […]
Maigari Dingyadi Appointed Minister of Labour and Employment: Key Facts
President Bola Tinubu has appointed Maigari Dingyadi as the new Minister of Labour and Employment following a Federal Executive Council (FEC) meeting. Dingyadi replaces the former minister and steps into this crucial role to address Nigeria’s labor issues. Here are key facts about the new Minister of Labour and Employment: In a related move, President […]
Edwin Clark Opposes Tinubu’s Decision to Scrap Niger Delta Ministry
Prominent South-South leader, Edwin Clark, has strongly criticized President Bola Tinubu’s decision to abolish the Ministry of Niger Delta Affairs. Clark argued that there is no justification for scrapping the ministry, which was established to promote development and curb insecurity in the Niger Delta region. He further alleged that the federal government plans to divert […]
Key Ministers Retain Positions in Tinubu’s Cabinet Reshuffle
In a significant cabinet reshuffle, President Bola Tinubu has retained key ministers, including Nyesom Wike, Minister of the Federal Capital Territory (FCT), and Dele Alake, Minister of Solid Minerals. This decision highlights the administration’s desire for stability in crucial sectors. The reshuffle also confirmed Wale Edun as the Finance and Coordinating Minister of the Economy, […]
FCCPC Identifies Grain Hoarders as Key Drivers of Nigeria’s Food Inflation
The Federal Competition and Consumer Protection Commission (FCCPC) has identified grain hoarders as a major factor behind Nigeria’s rising food inflation. According to the FCCPC Executive Vice Chairman, Tunji Bello, investigations revealed that merchants are stockpiling newly harvested grains to create artificial scarcity, thereby inflating food prices. This statement was made during a town hall […]
Black Market Dollar to Naira Exchange Rate Today, 23rd October 2024
The Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx), shows that on Tuesday, 22nd October 2024, the buying rate for a dollar was N1720, while the selling rate stood at N1725 at the Lagos parallel market, according to Bureau De Change sources. Black Market Dollar to […]