Former CBN Governor Godwin Emefiele faces 26 new corruption charges, including allocating $2 billion in foreign exchange funds improperly. The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on a series of new charges. The case, which has garnered widespread attention, involves 26 fresh counts that accuse Emefiele of various acts of corruption and abuse of office during his tenure. The charges, filed by the EFCC, allege that Emefiele engaged in activities that were detrimental to the economic well-being of the nation. Among the accusations,…
Author: Emma Baggi
In governance, opportunity cost is more complex as an empirical construct. Foregone alternatives may not necessarily be foregone. In certain cases, there may be very little wiggle room for such niceties. Allocating resources to critical sectors without neglecting other sectors for a holistic and organic development of the country becomes the potent ideal, verging on emergency. The proclivity for an integral fettling of Nigeria’s gaping concerns is patent in the ideation and iteration of the Tinubu administration’s priority areas of reforming the economy to deliver sustained inclusive growth; strengthening national security for peace and prosperity; boosting agriculture to achieve food…
In the political landscape of Nigeria, few topics have garnered as much consistent attention from a single figure as the issue of student loans has from President Bola Ahmed Tinubu. His journey with this pivotal policy began in earnest during his 2014 presidential campaign, where he first vocalized the need for a student loan system to bolster higher education access for all Nigerians. Fast forward to his 2023 campaign, and the promise was not only reiterated but was also placed at the forefront of his agenda. True to his word, upon assuming office, President Tinubu wasted no time in transforming…
OMOGBOLAHAN L.A. BABAWALE For the Minister of Interior, Hon. (Dr.) Olubunmi Tunji-Ojo, his leadership at the Ministry will leave no stone unturned in giving its all for Nigeria and her people. For the man who has come to be monikered the ‘poster boy’ of the Renewed Hope administration, letting the country down is never an option. Even the most acerbic of his adversaries has to come to terms with the incontrovertible fact that the young man has been working round the clock on all fronts to accentuate Mr. President’s agenda in the Ministry in practical terms. Idiosyncratic of his person…
In a shocking event early in the morning, Barrister Julius Abure, the respected National Chairman of Nigeria’s Labour Party, narrowly escaped an attempt on his life. It happened at his home in Abuja when a fire suddenly broke out, engulfing the property. The fire was said to have started a few minutes midnight while Abure and the members of his family were asleep The fire started around 1 a.m. and put Abure and his family in danger as they were asleep. Luckily, neighbors and security personnel acted quickly, alerting them and helping them escape through a window, avoiding a tragic…
???? Hear what the public and National Open University students have to say about President Tinubu’s new student loan scheme! #EducationForAll #TinubuStudentLoans #Pbatyourvoice
“We have just signed the bill enacting the student loan, making it effective. First and foremost, I extend my gratitude to the members of the National Assembly for their swift handling of this bill, recognizing that education is the key tool in effectively combating poverty for Nigeria’s youth. We are committed to ensuring that education receives the attention it deserves in our country, including the implementation of skill-development programs. Our aim is to guarantee that no one, regardless of their socioeconomic background, is deprived of access to quality education and the opportunity to shape their own future. We are gathered…
Nigeria’s foreign exchange market is experiencing a remarkable revival, achieving a groundbreaking $1 billion turnover in a single day. This milestone signals the end of prolonged dollar scarcity, opening doors to accelerated economic progress. Turnover at Nigeria’s foreign exchange market jumped to the highest in a single day since 2017 on Tuesday, as a prolonged dollar shortage that has dampened economic activity for years gives way. The Central Bank of Nigeria’s proactive reforms have played a pivotal role in this turnaround. By addressing the backlog of foreign exchange forwards and offering attractive interest rates on government securities, the CBN has…
-Domestic delivery to be made in Naira -Diesel and fuel aviation already in the market -PMS supply to begin next month Nigeria is on the brink of an energy revolution with the Dangote Petroleum Refinery’s latest move to transform the nation’s fuel supply chain. As the continent’s most expansive refinery, it has started distributing refined petroleum, signaling the upcoming launch of in-country gasoline distribution slated for the following month. The strategic move by the Dangote Group is set to bolster the Nigerian currency, as domestic deliveries will be paid for in naira. This initiative is anticipated to provide a much-needed…
Flying between Nigeria and the UK has always been important, not just for travel and shipping goods, but also for showing how closely connected the two countries are. The Bilateral Air Service Agreement (BASA) is the key to making this happen, but lately, it’s been under a lot of discussion and negotiation. BASA is like a deal between countries that allows airlines from each place to fly to the other. It’s based on fairness, so both countries’ airlines get the same chances to fly in each other’s airspace. The recent authorization of Nigeria’s leading airline, Air Peace, to operate in…