Petrol Landing Cost Hits New Record At N1,000/Litre As Naira-Dollar Exchange Rate Crosses N1,500Petrol Landing Cost Hits New Record At N1,000/Litre As Naira-Dollar Exchange Rate Crosses N1,500

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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


Presidency Reacts Over Concern To N100,000 Minimum Wage ProposalPresidency Reacts Over Concern To N100,000 Minimum Wage Proposal

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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


5 Companies Linked To The Late Nigerian Banking Icon Herbert Wigwe5 Companies Linked To The Late Nigerian Banking Icon Herbert Wigwe

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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


Deadline: SIMs Without NIN Link Face Deactivation Soon – NCCDeadline: SIMs Without NIN Link Face Deactivation Soon – NCC

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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


CJN Ariwoola strikes again, daughter Victoria Oluwakemi named FCT High Court judge nomineeCJN Ariwoola strikes again, daughter Victoria Oluwakemi named FCT High Court judge nominee

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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


Protest in Niger against Tinubu’s government over rising food pricesProtest in Niger against Tinubu’s government over rising food prices

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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


Enugu Governor To Spend N1.95 Billion On Exotic Vehicles For 24 LP, PDP LawmakersEnugu Governor To Spend N1.95 Billion On Exotic Vehicles For 24 LP, PDP Lawmakers

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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


CBN Uncovers $2.4 Billion Fake Forex Claims, Exposes $7 Billion Backlog, Posing Threat To NairaCBN Uncovers $2.4 Billion Fake Forex Claims, Exposes $7 Billion Backlog, Posing Threat To Naira

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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


Breaking: Tinubu Reacts to the Passing of Namibian President, Hage GeingobBreaking: Tinubu Reacts to the Passing of Namibian President, Hage Geingob

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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.


The Judge Stopped EFCC From Prosecuting Somebody Who Got His Money From Kidnap And Ransom – AmachreeThe Judge Stopped EFCC From Prosecuting Somebody Who Got His Money From Kidnap And Ransom – Amachree

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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


Until I Was Kidnapped, I Discouraged Payment Of Ransom – Former DSS Director Mike EjioforUntil I Was Kidnapped, I Discouraged Payment Of Ransom – Former DSS Director Mike Ejiofor

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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


EFCC Recovers N70bn Within 100 Days [Details]EFCC Recovers N70bn Within 100 Days [Details]

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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,


Country Is Tempting The Military – Nigeria Senior Army Officer Laments Economic HardshipCountry Is Tempting The Military – Nigeria Senior Army Officer Laments Economic Hardship

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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


Today’s Headline: Former Anambra Governor Ezeife Is Dead, Kidnappers Return To Lagos, Abduct Two, Reject W’Bank N750/litre Proposal, NLC Warns FGToday’s Headline: Former Anambra Governor Ezeife Is Dead, Kidnappers Return To Lagos, Abduct Two, Reject W’Bank N750/litre Proposal, NLC Warns FG

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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 To Shuts Down In Part Of Nigeria, Read More Reasons Behind The ClosureShoprite To Shuts Down In Part Of Nigeria, Read More Reasons Behind The Closure

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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


Ondo: Lucky Aiyedatiwa Makes First Move As State Acting GovernorOndo: Lucky Aiyedatiwa Makes First Move As State Acting Governor

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Acting Governor Lucky Aiyedatiwa has delivered his inaugural message to the people of Ondo state, urging renewed unity and commitment to the state’s development. Taking over from Governor Rotimi Akeredolu during his medical leave, Aiyedatiwa acknowledged the recent political situation as a “temporary delay” but assured the public that the


“Set Nnamdi Kanu Free!” – US Lawmaker Reveals Why IPOB Leader Must Be Released“Set Nnamdi Kanu Free!” – US Lawmaker Reveals Why IPOB Leader Must Be Released

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Jarvis Johnson, a member of the Texas House of Representatives, has fervently called upon Nigeria’s Supreme Court to order the release of Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB). Johnson, a US Democrat representing the 139th District, urged the apex court to uphold the rulings of


Defection Chronicles: 23 Governors Switch Allegiances Across 18 States In 24 YearsDefection Chronicles: 23 Governors Switch Allegiances Across 18 States In 24 Years

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In the 24 years since Nigeria’s return to democratic rule in 1999, a striking 23 incumbent governors from 18 states have embarked on political defections, leaving the parties under which they were initially elected. Investigations reveal that Sokoto, Imo, and Abia states witnessed a higher frequency of such defections, with


Rivers Assembly Complex Demolition: Gov Fubara’s Startling RevelationRivers Assembly Complex Demolition: Gov Fubara’s Startling Revelation

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Governor Siminalayi Fubara of Rivers State has provided insight into the early morning demolition of the State House of Assembly complex, citing structural defects stemming from a recent fire incident. Over ten bulldozers were deployed for the demolition, conducted under tight security. Commissioner for Information and Communication, Joseph Johnson, clarified


CBN Addresses Naira Scarcity Concerns In NigeriaCBN Addresses Naira Scarcity Concerns In Nigeria

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Amidst complaints of Naira scarcity, the Central Bank of Nigeria (CBN) issues a statement clarifying that there is an ample supply of the currency. The assurance comes in response to reports of scarcity at banks, ATMs, PoS, and BDCs. The CBN attributes the perceived scarcity to large-volume withdrawals by Deposit