NEWS
Stakeholders Examine Future Of Nigeria’s Cocoa Industry
The Cocoa Farmers Association of Nigeria and other key stakeholders pledge to ensure compliance with the EUDR in Nigeria. They underscored the need to support the inclusion of youths in cocoa farming and processing through entrepreneurship development for the sustainability of the cocoa sector. The national president of the association, Adeola Adegoke, disclosed to newsmen on Thursday at the 3rd National...
Tinubu Probe NNPC Helicopter Crash, Condoles Families
President Bola Tinubu has extended condolences to the NNPC Board, staff, and the families affected by the recent helicopter crash in Port Harcourt. In a Friday statement released by Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu expressed his “deepest sympathies” to the families of those lost, affirming his solidarity with the grieving parties. This was contained...
Naira Devaluation Pushes FG, States Debts To N134 Trillion
Nigeria's total public debt increased by N12.6tn in just three months to N134.3tn ($91.3bn) in the second quarter of 2024, according to Punch. This is a 10.35 percent increase from the N121.7tn ($91.5bn) recorded in the first quarter of this year. The rise has been attributed primarily to the devaluation of the naira, according to an official document seen by The Punch,...
Govt Takes Action To Combat Non-Communicable Diseases, Mental Health
Multi-stakeholder partners and govt. officials have promised to increase their dedication to tackling mental health and non-communicable diseases. They made the pledge at a side event held during the Commonwealth Heads of Government Meeting in Apia, Samoa, according to a statement made available to our correspondent on Thursday. The event, titled “Weaving a healthy Commonwealth Aiga for combating NCDs and promoting...
“No deadline On Circulation Of Old Notes” – CBN
The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500, and N1000 bank notes. The spokesperson of CBN, Sidi Ali Hakama, disclosed this in a statement on Thursday. This comes amid speculations that the old Naira notes will cease to be legal tender from December 31, 2024. READ ALSO: Old Naira: Abia Traders...
Presidency Defends Tinubu As FG Slashes Ministers’ Vehicles, Aides
President Tinubu’s cabinet reshuffle had Ogun State reportedly produced four ministers, the highest by a state in the cabinet. In a significant cabinet shakeup during the 19th Federal Executive Council meeting at the State House, Abuja, Tinubu approved the re-assignment of 10 ministers to new portfolios, discharged five others and nominated seven new ministerial appointees for onward transmission to the...
Senate Approves 15% States Funding For Regional Devt Commissions
The Senate approved 15 percent from the Consolidated Revenue Fund as a source of funding the newly created zonal development commissions. The approval followed consideration and adoption of the report of the Senate Committee on Special Duties on the bills establishing the commissions. Earlier, the lawmakers were divided over the source of funding for the newly created zonal development commissions. The disagreement...
Gov. Otti Failing In Campaign Promises, Abia Pensioners Lament (VIDEO)
Pensioners in Abia State under the aegis of the Nigerian Union of Pensioners (NUP), Abia Council, have accused the government of betraying their trust with regard to payment of pension arrears. Briefing newsmen in Umuahia on Thursday, the union expressed dissatisfaction over Governor Alex Otti's failure to clear outstanding pensions and gratuities despite promises during his election campaign. https://youtu.be/BCGOTme0BTg "If the Governor...
President Tinubu Sacked Ministers Based On Nigerians’ Scorecard – Aide
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga has revealed that the sack of some ministers was based on Nigerians’ scorecard and empirical facts. He also relayed the role the Special Adviser to the President on Policy and Coordination, Hadiza Bala Usman, played in the ministers’ dismissal from the cabinet. Tinubu on Wednesday relieved Barr. Uju-Ken...
First Bank Fixes October 26 For System Migration
First Bank announces plans to migrate to a new cloud-based procurement, financial platform to improve operational efficiency and service delivery. The migration, scheduled to begin on Saturday, October 26, is expected to result in temporary service disruptions, the tier one lender with over 42 million customers said in a Wednesday notice. This move comes amid a wave of recent disruptions in...
