The immediate past governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has demanded the sum of N25 billion as damages from Senate President Godswill Akpabio over an alleged defamatory remark.Last weekend, Akpabio said the allegations against Emefiele were so numerous that the federal government does not know
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The Ministry of Art, Culture and the Creative Economy is working on a framework for financing the development of Nigeria’s creative economy, which is targeted at creating 20 million jobs by 2027.The minister, Hannatu Musa Musawa, made this known at an interactive session with the Nigerian Economic Summit Group (NESG)
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Uchechukwu Okoroafor, AbujaIn recent years, Nigeria has grappled with a dual crisis that threatens the very foundation of its society: insecurity and food scarcity.The intricate dance between these two challenges has created a vicious cycle where one exacerbates the other. As the nation navigates through this perilous terrain, it is imperative
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The Nigerian Association of Road Transport Owners (NARTO) has halted its plans for a nationwide strike, directing its members to commence operation immediately. The suspension came after a Monday meeting between the Federal Government, stakeholders, and tanker drivers, who had ceased operations and halted the lifting of petroleum products due to
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On Tuesday, the House of Representatives passed, for second reading, a Bill for an Act to alter the 1999 Constitution of the Federal Republic of Nigeria (as amended) to make provision for the establishment of State Police.Sponsored by the Deputy Speaker, Benjamin Kalu, and 14 other lawmakers, the bill seeks
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The Nigeria Customs Service (NCS) has announced its readiness to distribute confiscated food products to cushion the effects of current economic hardships in the country.Spokesperson of the Service, CSC Abdullahi Maiwada, who disclosed this in a statement on Tuesday, said the distribution will occur after each food item undergoes certification
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The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) are joining forces to address challenges impacting the nation’s economic stability.Zakari U. Mijinyawa, Head, Strategic Communication, Office of the National Security Adviser, said in a press release on Tuesday that the ONSA/CBN partnership is a
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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Tuesday that the Federal Government would audit the N22.7 trillion Ways and Means loan approved by former President Muhammadu Buhari’s administration before paying.The minister stated this at the Public Wealth Management Conference organized by the Ministry
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A consultant Paediatrician, Dr Amala Okore, has warned mothers against substituting infant formula with adult milk, saying it can lead to malnutrition or other health complications.Okore gave the warning in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.According to her, a worrisome trend of parents
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A Federal High Court in Abuja on Monday struck out the treasonable felony charges against the 2023 presidential candidate of the African Action Congress, Omoyele Sowore, and Olawale Bakare.The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), in a notice addressed to the court, expressed his intention
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