FG diverting Bayelsa oil revenue to Rivers, Diri cries out

Bayelsa State Governor, Douye Diri, on Tuesday protested the deduction of the state's revenue by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in favour of Rivers State following a high court ruling. Diri said the hurried implementation of the ruling was unacceptable and sub judice as the state's appeal was...... read more

BREAKING: CBN in bold move *Reduces lending rate benchmark

The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The committee also voted to retain the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively....... read more

TRAGEDY: Boy, 16, commits suicide days before critical exams

A 16-year-old girl named Mariam Batuley, a JHS Three (3) student has hanged herself just a day before writing her last paper in the just-ended Basic Education Certificate Examination(BECE) at Abesewa, a Community at Dunkwa On Offin in Ghana’s Upper Denkyira East. Information gathered by Kasapa News Yaw Boagyan indicates that...... read more

BREAKING: Loaf of bread to cost N700, as bakers mull 50 per cent price increase

A loaf of large size bread, hitherto sold for N450, will now climb to N700 and above while the small size, which cost N250,000 would now be sold for N400 and above, following anticipated rise in the shelf price, being contemplated by bakers in the country. News Agency of Nigeria (NAN),...... read more

Stop crying, food prices are crashing - Buhari *Rice is now N20,000

President Muhmmadu Buhari, on Friday, tried to pour cold water on the high-pitch complaints of suffering in Nigeria, including the high cost of food items, saying they were unfounded because the prices were actually tumbling down. Garba Shehu, presidential spokesman, made this known while featuring on Channels Television’s Sunrise Daily programme. Shehu was...... read more

PDP to Buhari: Account for the N14trillion your government stole from NNPC

President Muhammadu Buhari, can find the money to offset the low federal revenue he is relying on to inflict hardship on Nigerians if he could recover the over N14trillion missing from the petroleum sector alone, the Peoples Democratic Party (PDP), said on Monday. The party, said this while cautioning that the...... read more

Naira set to bounce back, as CBN commences sale of Forex

The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators. In a circular, the CBN had announced plans to resume sale of foreign exchange to BDCs...... read more

BREAKING: Don't blame me, blame COVID-19 for electricity, fuel price hike - Buhari

“The COVID-19 pandemic has led to a severe downturn in the funds available to finance our budget and has severely hampered our capacity. One of the steps we took at the beginning of the crisis in March when oil prices collapsed at the height of the global lockdown was the deregulation...... read more

CBN blocks accounts of Baba Ijebu, 37 others over foreign exchange violations

Premier Lotto owned by Adebutu Kessington A.K.A Baba Ijebu, is among the 38 companies who fell under the heavy hammer of the Central Bank of Nigeria (CBN) which handed an instruction to banks to place a Post-No-Debit (PND) on their bank accounts. The term, PND is an instrument that bars banks...... read more

Senate set to reconvene over new electricity tariff, increase in fuel price

The Senate may put off its recess and reconvene to hold an emergency sitting for the sole purpose of discussing the recent increase in the prices of petrol and electricity tariff, The Nation is reporting. The Pipeline Products and Marketing Company (PPMC) on Wednesday announced an increase in petrol from N148.50...... read more

Stop punishing Nigerians, reverse fuel hike, Reps tell FG

The Minority Caucus in the House of Representatives has rejected the reported increase in the pump price of fuel from N148 to N151.56. Minority Leader of the House, Ndidu Elumelu, made the position of the lawmakers known in a statement on Wednesday. He described the announced price as unacceptable, saying it...... read more

Electricity, fuel price hike: We’re shocked *This is the height of callousness – PDP

The increase of electricity tariff and new price regime for petroleum products have left Peoples Democratic Party (PDP) in deep shock, as they described the mover by the Federal Government in the last two days as callous, cruel and punishing. The government, which announced a go-ahead order to the distribution companies...... read more

Kebbi flood a devastating blow to me - Buhari *Bemoans fatal effect on rice production

President Muhammadu Buhari has expressed deep concern over the heavy floods that took a number of lives, submerged thousands of hectares of farmlands and houses, destroying farm produce and personal belongings in the affected communities. Bemoaning the situation, the President, said it was going have a deep negative impact on the...... read more

Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

The sales of forex to Bureaux De Change (BDCs) will inject more liquidity to the retail end of the foreign exchange market. Nigeria’s exchange rate at the Nigerian Authonomous Foreign Exchange Fixing (NAFEX) window appreciated marginally closing at N385.67 during intraday trading on Friday, August 28, 2020. In another development, the...... read more

BREAKING: Nigeria shifts commencement of international flights to September 5

International flight operations, earlier scheduled to commence on Saturday, August 29, is no longer feasible, the Federal Government announced on Thursday, shifting the resumption by a week more. According to the Nigerian Civil Aviation Authority (NCAA), which had on Monday, August 17, announced the opening of the country to international flights,...... read more

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Latest News BREAKING: China must pay for giving the world COVID-19 - Trump Ndume bewails killing of army commander by Boko Haram FG diverting Bayelsa oil revenue to Rivers, Diri cries out Atiku on US surveillance: Enemies of democracy diverting attention from their visa ban Herdsmen behead farmer, kill four others in fresh Benue attack BREAKING: Obaseki moves against Tinubu *Questions 'National Leader' position *Says, no mercy for Oshiomhole BREAKING: CBN in bold move *Reduces lending rate benchmark We have not sacked Oshiomhole - APC Monarch mowed down as gunmen invade Plateau communities in renewed attacks BREAKING: Obaseki, Shaibu, receive INEC's Certificate of Return


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