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According to recent data released by the Central Bank of Nigeria (CBN), the country allocated $5.47 billion for external...
15/03/2025

According to recent data released by the Central Bank of Nigeria (CBN), the country allocated $5.47 billion for external debt servicing from January 2024 to February 2025. The figures highlight the increasing pressure of foreign debt on Nigeria's external reserves and fiscal stability.

During this period, May 2024 recorded the highest monthly payment of $854.37 million, while June 2024 had the lowest at $50.82 million. Over time, the debt service payments showed slight fluctuations, with a 1.9% increase from $276.17 million in March 2024 to $283.22 million in February 2025.

The published data underscores the impact of these obligations on the nation's finances, sparking discussions around economic policies and strategies for reducing debt dependency.

11/03/2025

This evening, March 11, a fuel tanker detonated beneath the Otedola bridge in Lagos State. In front of a Reedem church, a 30-ton DAF petrol truck with an unidentified registration number was on the Lagos-Ibadan motorway when it was involved in an accident that resulted in anexplosion and fire balls.The fire swiftly spread to the church, the nearby house structure, and four different car brands. The nearby mechanic parks were also impacted by the fire. There have been no reported casualties.According to LASTMA, the Lagos State Traffic Management Agency, efforts are underway to extinguish the fire.

11/03/2025

Nigeria's House of Representatives mandates that all p**n websites be shut down. The NCC has been instructed by lawmakers to compel the immediate closure of all p**nographic websites.The new rule requires internet providers to prevent access.

10/03/2025

Lagos Demolishes Shops Attached to
Pedestrian Bridge

The demolition of stores affixed to pedestrian bridges in the state has been picked up again by the Lagos State Environmental Sanitation Corps.

In a video released on X.com on Monday, Tokunbo Wahab, the state's Commissioner for the Ministry of Environment and Water Resources, revealed this.

He wrote, "In a joint operation, operatives from the Office of Drainage Services and the Lagos State Environmental Sanitation Corps resumed clearance operations in Idumota, removing illegal shops attached to the pedestrian bridge."

Nasir el-Rufai, the former Governor of Kaduna State, has resigned from the All Progressives Congress (APC) and joined th...
10/03/2025

Nasir el-Rufai, the former Governor of Kaduna State, has resigned from the All Progressives Congress (APC) and joined the Social Democratic Party (SDP). In a statement on Monday, he expressed dissatisfaction with the APC's leadership, accusing it of straying from its founding progressive ideals and failing to address critical issues over the past two years.

El-Rufai, who served eight years focused on implementing progressive policies, stated, "These records count for little in the current APC... I find this no longer acceptable." He has called on his supporters and concerned Nigerians to join the SDP, aiming to create a unified democratic platform for future elections.

Ifeanyi Ejiofor, lead counsel for the Indigenous People of Biafra (IPOB), has condemned Governor Charles Soludo for bann...
10/03/2025

Ifeanyi Ejiofor, lead counsel for the Indigenous People of Biafra (IPOB), has condemned Governor Charles Soludo for banning public preaching in Anambra State.

Soludo cited noise pollution and the presence of fake pastors and prophets as reasons for the ban, imposing a ₦500,000 fine on defaulters.

Ejiofor, however, argued that the ban violates Section 38(1) of the 1999 Constitution, which guarantees freedom of worship. He urged the governor to regulate rather than criminalize public preaching.

The Senate Committee on Ethics recommended on Thursday that Senator Natasha Akpoti-Uduaghan be suspended for six months ...
06/03/2025

The Senate Committee on Ethics recommended on Thursday that Senator Natasha Akpoti-Uduaghan be suspended for six months due to the scandal surrounding her accusation of sexual harassment against Senate President Godswill Akpabio.

Additionally, the committee recommended that the senator from Kogi Central apologise to the Senate for "disrespecting the institution." It also suggested that her security information and compensation be withheld while she was suspended. Earlier, during plenary, Akpoti-Uduaghan resubmitted a sexual harassment petition against Akpabio, this time on behalf of Zubairu Yakubu's constituency.

At 12:38 PM, Akpabio instructed her to formally lay the petition before the Senate after verifying that there were no legal obstacles. The Senate Committee on Ethics, Code of Conduct, and Public Petitions, which is chaired by Senator Neda Imasuen (LP, Edo South), was then tasked with reviewing the petition and providing a report within four weeks.

27/02/2025

Tension in Lagos State House of Assembly.

Amid ongoing political tension, former Lagos Assembly speaker Mudashiru Obasa returns to the Assembly complex.

Weeks after his removal, Obasa’s visit comes as a surprise reigniting speculation about the future of the Assembly under the leadership of the current speaker Mojisola Lasbat Meranda.

20/02/2025

Tensions ran high during Thursday’s plenary as Senate President Godswill Akpabio directed sergeants-at-arms to eject Senator Natasha Uduaghan (Kogi Central) from the chamber. The dramatic scene unfolded after Uduaghan refused to relocate to a different seat, sparking a heated and chaotic session.

The Central Bank of Nigeria (CBN) has mandated the immediate resignation of commercial bank directors who have non-perfo...
18/02/2025

The Central Bank of Nigeria (CBN) has mandated the immediate resignation of commercial bank directors who have non-performing insider-related loans.

This directive was issued in a circular titled 'Compliance with Insider-Related Credit Limits' on February 17, signed by Adetona Adedeji, the acting director of banking supervision at the CBN.

The circular specifies that directors with non-performing insider-related facilities must step down from the board immediately.

Additionally, banks are instructed to begin immediate remediation of these loans by recovering the collaterals, including the shareholdings of the affected directors.

Veteran Nollywood Actor Columbus Irisoanga Passes Away.Veteran Nollywood actor Columbus Irisoanga, widely known as ‘Igbu...
07/02/2025

Veteran Nollywood Actor Columbus Irisoanga Passes Away.

Veteran Nollywood actor Columbus Irisoanga, widely known as ‘Igbudu,’ has passed away. His death was announced by actress and politician Hilda Dokubo in an emotional Instagram post, where she expressed grief over his loss, calling it a heavy blow to the University of Port Harcourt, Rivers State, and Nollywood.

Irisoanga’s passing comes just days after the death of actress Pat Ugwu, adding to a wave of sorrow in the Nigerian film industry.

The Nigerian Economic and Financial Crimes Commission (EFCC) has arraigned 11 Chinese nationals for cyber fraud, identit...
05/02/2025

The Nigerian Economic and Financial Crimes Commission (EFCC) has arraigned 11 Chinese nationals for cyber fraud, identity theft, and attempting to destabilize Nigeria's constitutional structure. The individuals were brought before the Federal High Court in Lagos, where they pleaded not guilty to the charges.

This development follows the EFCC's "Eagle Flush Operation" on December 19, 2024, which led to the arrests. Justice Chukwujekwu Aneke has ordered their remand at the Ikoyi Correctional Centre in Lagos. The defendants' names and aliases have been listed, facing charges related to cybercrimes, cyberterrorism, possession of fraudulent documents, and identity theft.

The EFCC has previously arraigned 42 Chinese and Filipinos for similar offenses, showcasing their ongoing efforts to combat cybercrime and protect Nigeria's cybersecurity infrastructure.

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