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Senate on Wednesday confirmed the nomination of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report of the Committee on Banking, Insurance and Other Financial Institutions. The report was presented by the Chairman of the committee, Uba Sani (APC-Kaduna). President Muhammadu Buhari, had in the letter to the Senate dated February 23, explained that the confirmation and membership renewal request was made pursuant to Section 12(4) of the Central Bank Act, 2007. Those confirmed by the Senate included Mohammed Adaya Salisu and Mo’Omamegbe, both…
A Dutch court on Wednesday rejected a suit against Shell brought by four widows of activists who were executed by the Nigerian government in 1995 after they protested against the oil's company's exploitation of the Niger Delta. The court said there was not enough evidence to support the widows' claim that Shell had been involved in bribing witnesses related to the case. In 2019, the court had handed the widows a rare win in their long-running battle by allowing the case to continue. But it had also said the claimants needed to prove Shell's liability. Shell has always denied wrongdoing.…
Federation account allocation committee (FAAC) says it shared N590.546 billion to the federal government, states and local governments for February 2022. The figure represents an increase of N15.766 billion compared to last month. In February, the three tiers of government had received N574.66 billion for January, a decline compared to N699.82 shared for December 2021. The details are contained in a communiqué issued at the end of a virtual meeting of the FAAC for March 2022. According to the statement, a total of N590.55 billion distributable revenuecomprised distributable statutory revenue of N337.43 billion; distributable value-added tax (VAT) revenue of N165.64…
Ukrainian President Volodymyr Zelenskyy called for people around the world to show support for Ukraine on Thursday, which will mark the start of the second month of Russia’s invasion of his country. In his nightly video address to his people late Wednesday, Zelenskyy also called on NATO to provide Ukraine with “effective and unrestricted” support to Ukraine, including any weapons it needs to fend off the invasion. His office said he will address the alliance’s summit on Thursday by video. Zelenskyy’s impassioned call for more support capped a day in which Russian forces continued to bombard Ukrainian cities, as Ukraine’s…
The White House has quietly assembled a team of national security officials to sketch out scenarios of how the United States and its allies should respond if President Vladimir Putin of Russia — frustrated by his lack of progress in Ukraine or determined to warn Western nations against intervening in the war — unleashes his stockpiles of chemical, biological or nuclear weapons. The Tiger Team, as the group is known, is also examining responses if Putin reaches into NATO territory to attack convoys bringing weapons and aid to Ukraine, according to several officials involved in the process. Meeting three times…
The Kremlin on Wednesday said any possible contact between the Russian military and NATO forces could have grave consequences, after Poland last week said peacekeepers should be sent to Ukraine. Kremlin spokesperson Dmitry Peskov said Poland’s idea was reckless and extremely dangerous. “Any possible confrontation between our troops and NATO forces could have clear consequences that would be hard to repair,” Peskov told reporters. Reuters
One of President Vladimir Putin’s closest allies warned the United States on Wednesday that the world could spiral towards a nuclear dystopia if Washington pressed on with what the Kremlin casts as a long-term plot to destroy Russia. Dmitry Medvedev, who was president from 2008 to 2012 and is now deputy secretary of Russia’s Security Council, said the United States had conspired to destroy Russia as part of an “primitive game” since the 1991 fall of the Soviet Union. “It means Russia must be humiliated, limited, shattered, divided and destroyed,” Medvedev, 56, said in a 550-word statement. The views of…
The total debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt stock was N4.46tn, the sub-national external debt stock was N1.97tn in 2021. Lagos, Ogun and Rivers became the three most indebted states, according to the latest data from Debt Management Office. The N4.46tn domestic debt represents 11.27 per cent of the country’s domestic debt stock of N23.70tn as of December 2021, up from N20.21tn in the previous year. Lagos, Ogun, Rivers, Akwa Ibom, and Imo emerged as the top five debtors, with a combined domestic…
President Muhammadu Buhari has said the newly built international terminal of the Murtala Muhammed Airport in Lagos will create 3,000 direct and indirect employment jobs for Nigerian youth. Buhari said this as he commissioned the new terminal on Tuesday. “This improvement will increase airport operation and management services to about 14 million passengers per annum. With a positive multiplier effect by creating 3,000 direct and indirect employment opportunities for our youth,” Buhari said. Also, the president said the terminal will increase inflow of foreign direct investment and exponential growth in the Growth Domestic Product (GDP). According to the Nigeria Bureau…
Representative of the Inspector General of Police, Usman Alkali Baba, on Tuesday met with police officers in the Ogun State Command over a threat to embark on strike by the junior officers. Some aggrieved rank and file in the Nigeria Police Force, according to reports, threatened the strike, over poor salary, lack of sophisticated weapons to fight crime, bad condition of their barracks, failure to provide uniforms, among others. It was gathered that the Police IG had begun meeting with the police officers nationwide over the looming strike. The IG represented by the Deputy Inspector General of Police in charge…
June 05, 2025

Nigerian Stock Market extends bull run with N483bn two-day gain

The Nigerian stock market has demonstrated remarkable resilience with a sustained upward trajectory over two…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 05, 2025

This is the process that lets managers get the best out of their team

Frans Van Loef What does it mean to be a manager? In today’s world, managers…
May 31, 2025

Tools made of whale bones reveal inventiveness of prehistoric people

Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreline…
June 05, 2025

NCC warns DJs: Unlicensed music use could lead to 5-year jail term

The Nigerian Copyright Commission (NCC) has issued a stern warning to disc jockeys (DJs) against…
June 05, 2025

What to know after Day 1197 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Kiev regime ‘not interested in peace,’ turning to terror, suffering ‘huge losses’ on…
June 02, 2025

Opportunities and challenges unveiled: How AI revolutionizes education and mental health support

Terence Ma Tin Shu Play time helps both kids and adults in prevention and healing…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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