By Seun Ibiyemi President Bola Tinubu has initiated plans to establish a Grid Asset Management Company (GAMCO) as part of efforts to strengthen Nigeria’s electricity transmission network and address persistent challenges in the power sector. The Minister of Information and National Orientation, Mohammed Idris, disclosed this on Wednesday after the meeting of the Federal Executive…
By Seun Ibiyemi The House of Representatives has intensified its investigation into alleged revenue leakages in Nigeria’s crude oil export chain, directing key government agencies to submit updated documents on pre-shipment inspection and the remittance of export proceeds. The directive was issued on Wednesday by an ad hoc committee of the House during a public…
By Seun Ibiyemi The Nigerian naira weakened further on Wednesday, March 4, 2026, as currency trading in both official and parallel foreign exchange markets reflected persistent demand pressures and liquidity stresses. In official mid-week trading at the Nigerian Foreign Exchange Market (NFEM), the naira opened around ₦1,379 per US dollar and fluctuated within a narrow…
By Seun Ibiyemi Newly sworn-in Inspector-General of Police, Olatunji Disu, on Wednesday declared his support for the establishment of state police, aligning with President Bola Tinubu’s push for security reforms. Disu spoke with State House correspondents shortly after he was sworn in as the 23rd Inspector-General of Police at the Presidential Villa, Abuja. Read also:…
By Adeyemi David An Ad hoc Committee of the House of Representatives has threatened to issue a warrant of arrest against the Managing Director of the Bank of Industry (BOI), Olasupo Olusi, over his failure to appear before it to account for the performance of funds managed by the bank. The committee, which is investigating…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves, raising its total gold holdings to 3.5 billion dollars in a major push to diversify the nation’s reserve assets. In a statement issued on Wednesday,…
By Seun Ibiyemi President Bola Tinubu has ordered the immediate suspension of the newly introduced cashless payment system at airports following widespread traffic gridlock and delays experienced by travellers across the country. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the directive after the Federal Executive Council (FEC) meeting presided over by the…
By Seun Ibiyemi Ecobank Nigeria has unveiled an enhanced version of its gender financing initiative, “Ellevate by Ecobank,” as part of activities marking the 2026 International Women’s Day (IWD). In a statement issued on Wednesday, the bank said the upgraded programme reinforces its long-term commitment to advancing women-led enterprises in Nigeria and across Ecobank’s pan-African…
By Adeyemi David The governorship candidate of the All Progressives Congress (APC) in Osun State, Mr. Bola Oyebamiji, has said he is strengthened by President Bola Tinubu’s enduring belief in his leadership capacity ahead of the August 15 off-cycle election. Oyebamiji made the remark after a meeting with President Bola Tinubu on Monday evening in…
By Seun Ibiyemi The Debt Management Office (DMO) has announced the offer of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. In a statement, the DMO disclosed that the first offer is a two-year FGN Savings Bond due on March 11, 2028, with an interest rate of 12.906 per…
