General
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The Central Bank of Nigeria (CBN), yesterday ordered banks to vacate a Post-No-Debit (PND) restriction earlier imposed on bank accounts of 440 individuals and companies. This was just as the CBN yesterday communicated to banks that it would resume the enforcement of the Loan-to-Deposit Ratio (LDR) policy effective July 31, 2023. However, citing key policy […]
The National Association of Resident Doctors (NARD) has declared a “total and indefinite strike action”. In a terse statement made available to Channels Television on Tuesday evening, the association representing resident doctors brought to light their pressing demands. The Resident Doctors Association has voiced their concerns, urging the government to address critical issues that affect […]
A federal high court in Lagos has granted bail to Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), in the sum of N20 million. In a ruling on Tuesday, Nicholas Oweibo, the presiding judge, said the charges against Emefiele are bailable. The bail was granted with one surety in like sum. Earlier, […]
The Ogun government has approved a cash palliative of N10,000 for each of its public servants and pensioners, as palliative to cushion the effect of the recent removal of fuel subsidy. Top on the list of palliatives is the approval of N10,000 for civil servants and pensioners every month, according to a statement by the […]
President Bola Tinubu has appealed to justices of the Presidential Election Petition Court (PREPEC) in Abuja to exclude the presidential candidate of the Labour Party (LP), Mr. Peter Obi, and his party in the event of any rerun presidential election, claiming that only him and the candidate of the Peoples Democratic Party (PDP), Alhaji Atiku […]
Atiku Abubakar, former Nigeria Vice President and presidential candidate of Peoples Democratic Party (PDP) has urged the Judiciary to do the right thing. Atiku told the Presidential Election Petitions Court that heavens would not fall if the court resolves that Bola Tinubu was unlawfully declared president and subsequently removes him from office. Atiku declared this […]
In a recent development, the Federal Government of Nigeria has made an adjustment to the school fees for new students enrolling in Federal Government Colleges, commonly known as Federal Unity Colleges. According to a circular issued by the Office of the Director of Senior Secondary Education Department of the Federal Ministry of Education, with reference […]
The University of Lagos has increased school fees amid rising inflation and hikes in petrol prices following the removal of fuel subsidy. The school increased its tuition from about N20,000 to over N100,000 depending on the course of study. The new tuition ranges from N100,750 to N190,250 depending on whether the course of study requires […]
The House of Representatives has taken a firm stance against the National Electricity Regulatory Commission (NERC) by rejecting the proposed increase in electricity tariff. This resolution was reached following a motion presented by Honourable Aliyu Madaki, who expressed strong disapproval of the price hike, especially considering the recent increase in petrol prices that has already […]
Bayo Onanuga has warned Nigerians to stop attacking President Bola Tinubu over the increase in price of petrol. Onanuga, the Director of Media and Publicity for the dissolved All Progressives Congress (APC) Presidential Campaign Council was reacting to the hike in petrol pump price from N500 per litre to N617 per litre. This has led […]
