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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President Bola Tinubu and President Luiz Inácio Lula da Silva of Brazil met on Sunday in Addis Ababa, Ethiopia, for discussions on the comprehensive strengthening of bilateral ties in all fields.A statement issued by Ajuri Ngelale, Special Adviser to the President (Media & Publicity), disclosed that while speaking at the
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A fresh crisis in the petroleum downstream sector appears imminent, as the Nigerian Association of Road Transport Owners (NARTO) says it has directed all its members to withdraw their petroleum trucks from product-loading activities as of Monday, February 19, 2024.The decision by the association follows high operational costs in the
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Uchechukwu Okoroafor, AbujaAs Nigeria grapples with a looming crisis on multiple fronts, the recent projection by the International Monetary Fund (IMF) that the country's foreign reserves will plummet to $24 billion this year adds yet another layer of complexity to an already dire situation. Against a backdrop of widespread protests in
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Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market.Similarly, the naira depreciated against the dollar in the parallel forex market, where forex is unofficially trading at N1,673 from N1,670/$ on Friday.These developments persist despite the Central Bank of Nigeria’s implementation of
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Benue State Governor Hyacinth Alia has vowed that he will not tolerate any effort from any quarter aimed at destabilising the state.Governor Alia, in a statement issued yesterday by his principal special assistant on print media, Donald Kumun, expressed sadness over plans by some fellow Benue natives to destabilise the
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The National Drug Law Enforcement Agency (NDLEA), said it has intercepted a large consignment of Loud, a synthetic strong strain of cannabis, concealed in giant loudspeakers tucked in a consolidated cargo imported from New York, United States of America.NDLEA spokesperson, Femi Babafemi, said when the giant wooden boxes dressed as
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