In the heart of Nigeria’s economic challenges, the government has launched a beacon of hope: the FG 25000 Cash Transfer Program. This initiative is designed to provide financial assistance to 15 million of the nation’s most vulnerable households, aiming to alleviate the hardships brought about by rising living costs and
No fewer than 30 worshipers were reportedly abducted from a mosque in Tsafe town, Zamfara State, during morning prayers. The assailants, armed with sophisticated weapons, invaded the mosque, shooting sporadically before abducting the victims into the forest. This tragic incident adds to the series of attacks by terrorists in the
The Nigerian Government, during the Federal Executive Council, FEC, meeting on Monday reached the decision to scrap some agencies, commissions and parastatals of the Federal government. The FEC also agreed to merge, subsume and relocate some of the agencies, commissions and parastatals in order to reduce the cost of governance.
There have been several reactions from social media users after the former governor of Anambra state and Labour Party LP, Presidential Candidate in the 2023 presidential election, Peter Gregory Obi stated that he cried after hearing about the death of some Nigerians who wanted to buy rice in Lagos. According
Youths Oppose NLC, TUC Protest Many youths yesterday took to the streets in Abuja against the nationwide protests by the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) scheduled for Monday and Tuesday. The Youths under the auspices of Nigeria Civil Society Forum (NCSF) who marched from the Unity
The landing cost of petrol in Nigeria has hit a new record of N1,000 per litre due to the worsening foreign exchange crisis. This occurred after the naira crossed over N1,500 to the dollar on Monday in both the official and unofficial market. The landing cost of imported petrol, which
Bayo Onanuga, the Special Adviser on Information & Strategy to President Bola Tinubu, has raised concerns about the feasibility of implementing a N100,000 minimum wage in Nigeria. In an interview with Arise Television, Onanuga emphasized the current financial challenges faced by the federal and state governments, suggesting that such a
The untimely demise of Herbert Wigwe, the visionary leader in the Nigerian banking sector, has left an enduring mark on the industry, with his legacy thriving through the institutions he molded and initiatives he championed. 1. Access Holdings Access Holdings is a financial powerhouse spanning 12 African nations and reaching
The Nigerian Communications Commission (NCC) has issued a warning that SIM cards not linked to the National Identity Number (NIN) will be deactivated by the end of February. The Executive Vice Chairman, Dr. Aminu Maida, emphasized the importance of this measure in combating telecommunication-linked crimes and ensuring the security of
Chief Justice of Nigeria Olukayode Ariwoola is scheming to install his daughter as a judge on the Federal Capital Territory High Court in Abuja, the country’s seat of power, Peoples Gazette learnt through documents and judiciary sources familiar with the process. Oluwakemi Victoria Ariwoola is the latest beneficiary of an
There were irate protesters Monday morning in Minna, remonstrating against President Bola Tinubu’s harsh economic measures that have worsened living standards. Hordes of protesters blocked major roads in Minna, lamenting the high cost of living. Food prices have spiked in the last six months, but Mr Tinubu urged understanding. “The financial
Governor Peter Mbah of Enugu State plans to spend N1.95 billion on new Toyota Prado Sport Utility Vehicles (SUVs) for the 24 state House of Assembly members. Best News Network reports that the amount is contained in the state’s 2024 appropriation bill of N521.5 billion signed into law. The budget comprises N414.3 billion
The Central Bank of Nigeria (CBN) has uncovered a $2.4 billion scam involving false foreign exchange claims that have put pressure on the naira and spooked the currency market, Governor Yemi Cardoso revealed on Monday. The discovery came to light after an audit by Deloitte, a consulting firm hired by
President Bola Tinubu of Nigeria expressed his deep sorrow following the passing of Namibian President Hage Geingob, calling him a “veteran in the struggle for democracy” and a “proponent of good governance.” In a statement released by the State House, Tinubu extended his condolences to the Namibian government and people.
Dennis Amachree, the former Director of the Department of State Services (DSS), has unveiled a significant impediment hindering the DSS’s pursuit of stolen funds, some of which contribute to financing terrorism in Nigeria. Amachree’s revelations, shared during an interview with a journalist on News Central Television, stressed the challenges posed
Mike Ejiofor, a former Director of the Department of State Services has recounted how he discouraged payment of ransom until he got kidnapped. During an interview with Vanguard, Ejiofor shared his thoughts on the escalation of kidnapping in the country, and also outlined the interim and long-term measures the government
The Economic and Financial Crimes Commission, EFCC, says it has recovered a total of N70 billion within 100 days, between October 2023 and January 19, 2024. Details of the recovery were outlined in an EFCC document titled, ‘Operations and Recoveries’. The document revealed that between October 2023 and January 19,
A senior officer in the Nigerian Army has reacted to the economic hardship in the country and the alleged poor remuneration of Nigerian soldiers, saying the country is ‘tempting the military’. While referencing a video showing the moment a junior soldier serving in Maiduguri, Borno State, lamented his inability to
Former Anambra Governor Chukwuemeka Ezeife is Dead Dr Chukwuemeka Ezeife, former Anambra State governor, has passed away at the Federal Medical Centre, Abuja. The Ezeife family, through Chief Rob Ezeife, announced the demise of the former governor, federal permanent secretary, political adviser, and presidential aspirant. Details about the deceased and
Shoprite, a prominent supermarket in Kano’s Ado Bayero Mall, is poised to close its operations on January 14, 2024, signaling a significant shift for both shoppers and employees alike. Hubertus Rick of Retail Supermarkets Nigeria Limited, the entity overseeing Shoprite, announced this decision. Rick clarified that the challenging choice emerged