CBN sacks 200 workers amid hardship The Central Bank of Nigeria has reportedly sacked 200 of its workers amidst the prevailing economic hardship faced by Nigerians. A senior member of staff who preferred anonymity at the Apex bank, confirmed this development to the press on Friday night. “Over 200[Read More…]
Kano Governor Yusuf orders arrest of dethroned Emir Bayero The Kano State Governor, Abba Kabir Yusuf, has ordered the immediate arrest of the deposed Emir of Kano, Aminu Ado Bayero. The governor gave the order on Saturday on the ground that the deposed Emir was disturbing the peace[Read More…]
Sanusi receives appointment letter despite legal hurdle The reinstated Emir of Kano, Sanusi Lamido Sanusi, has received his reappointment letter from the state governor, Abba Kabir Yusuf despite a court order barring his reinstatement. A federal High Court presided by Justice Mohammed Liman had halted the reinstatement of[Read More…]
Nigeria’s GDP growth drops to 2.98% in Q1 2024, says NBS The National Bureau of Statistics (NBS) on Friday said Nigeria’s Gross Domestic Product (GDP) declined by 2.98 percent in the first quarter (Q1) of 2024. In its latest report, the bureau put the nation’s[Read More…]
Tinubu orders review of governing boards of tertiary institutions President Bola Tinubu has directed a comprehensive review of the newly announced governing boards of tertiary institutions. On May 18, the federal ministry of education announced the appointments of 500 persons to serve as pro-chancellors and members of the[Read More…]
Court orders interim forfeiture of N830m, $4.7m, properties linked to Emefiele The federal high court in Lagos has ordered an interim forfeiture of $4,719,054, N830,875,611, and other assets linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). The Economic and[Read More…]
Kano Assembly abolishes Emirates created by Ganduje The Emirs of Rano, Karaye, Gaya, and Bichi, who were installed in 2019, may be stripped of their titles and powers, following the Assembly’s decision to revert to the original emirates structure. The affected Emirates include those of Gaya, Rano, Karaye[Read More…]
BOI announces impressive financial results, with N153b profit, creates two million jobs The Chairman, Shareholders Committee, Bank of Industries (BOI), Mallam Muhammed Bala, on Wednesday described as “remarkable” the bank’s financial performance in spite of the local and economic challenges. Bala, made this remarks at the BOI’s 64th[Read More…]
CBN orders BDCs to reapply for licenses, sets 6-month deadline The Central Bank of Nigeria (CBN) has directed Bureau De Change (BDC) operators to re-apply for new licenses This was revealed on Wednesday in a revised guideline for BDC operations, signed by Haruna Mustafa, director of the Financial[Read More…]
Tinubu sets up 15-man governorning board for NEITI President Bola Tinubu, on Tuesday, reaffirmed Nigeria’s commitment to the implementation of the Extractive Industries Transparency Initiative by inaugurating the newly constituted 15-member National Stakeholders Working Group, also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative.[Read More…]
