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Central Bank of Nigeria (CBN) says Nigeria’s External Reserves is steadily growing and currently stands at $46 billion. CBN spokesman, Mr Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about $3.2 billion between February and March 2018. He said that the reserves at the beginning of 2018 stood at $39.3 billion, then rose to $42.8 billion in February before hitting the new high of $46 billion. Okoroafor attributed the continued accretion to the country’s reserves to the Bank’s effort at vigorously discouraging unnecessary importation and reducing the nation’s import bill, while increasing inflow from oil…
There was confusion in Kogi State on Sunday as Governor Yahaya Bello ordered the dissolution of his cabinet but quickly reversed the order just before the news filtered out. Sources close to the State Executive Committee meeting held on Sunday said the governor had ordered all commissioners and all 21 local government administrators to hand over keys to their official cars to Secretary to the State Government, Mrs Folasade Arike Ayoade. Sources close to the cabinet meeting held behind closed door on Sunday told our correspondent that the dissolution might not be unconnected with the arms importation last Thursday. The…
U.S. Secretary of State, Mr Rex Tillerson, will arrive in Abuja today Monday for his first official visit to Nigeria. A Press Advisory from U.S. Embassy said Mr. Tillerson would hold talks with President Muhammadu Buhari on Tuesday. “When he arrives, Tillerson will become the highest ranking official in the Trump Administration to visit Nigeria. “The secretary is expected to hold a press conference at the Presidential Villa on Tuesday by 11.45 a.m “Tillerson is expected to be joined in the press briefing by Minister of Foreign Affairs, Mr Geoffrey Onyeama,” the embassy stated. Tillerson has been on a week-long…
Funmi Olaitan, Ibadan Registrar of Teachers Registration Council of Nigeria (TRCN), Mr Segun Ajiboye, has said the sum of N100million has been set aside for teachers’ welfare in 2018. Ajiboye who made the disclosure while speaking with journalists in Ibadan, Oyo State capital, said this amount which has been included in the 2018 budget is to appreciate teachers in the country. The TRCN boss who said teachers must the appreciated for their contributions to the growth of Nigeria and for their worth frowned at states owing teachers’ salaries. While noting that there is no way a teacher who is not…
Benue State will use the opportunity of President Muhammadu Buhari’s visit to the state tomorrow to request that the Federal Government redoubles effort to end killings in parts of the community, paramount ruler of Tiv people, Tor Tiv, Mr James Ayatse, and Benue elders said yesterday. Mr Buhari is billed to visit Benue state on Monday in continuation of his tour of states ravaged by insecurity. Elders, opinion leaders and royal fathers from across the three senatorial districts of the state who spoke to our correspondent in Makurdi yesterday were unanimous in their expectation that the president’s visit would mark…
U.S. Secretary of State Rex Tillerson canceled his scheduled events Saturday in Kenya because he was sick. "The secretary is not feeling well after a long couple days working on major issues back home such as North Korea," U.S. Undersecretary of State Steve Goldstein said. By the afternoon, Tillerson had improved and was expected to resume his schedule Sunday.Goldstein said some events may be rescheduled, including a planned stop at the site of the 1998 bombing of the U.S. Embassy in Nairobi. An event Saturday for PEPFAR, the U.S. program to fight HIV/AIDS in Africa, went ahead without Tillerson. His…
After a year of threats and diatribes, U.S. President Donald Trump and third-generation North Korean dictator Kim Jong Un have agreed to meet face-to-face for talks about the North's nuclear program. It remains to be seen whether a summit, if it takes place, could lead to any meaningful breakthrough after an unusually provocative year. North Korea tested its most powerful nuclear weapon to date and test-launched three intercontinental ballistic missiles theoretically capable of striking the U.S. mainland. Will there be a breakthrough? Failure? Or merely the start of another long and difficult process meant to remove the North's nuclear capabilities?Here's…
Mauritian President Ameenah Gurib-Fakim, Africa's only female head of state, is to quit over a financial row. She has been accused of using a bank card provided by a charity to make personal purchases worth tens of thousands of dollars. She is to step down after ceremonies to mark the 50th anniversary of the island's independence next week. Denying wrongdoing, she said she had refunded all the money, Reuters news agency reports. Ms Gurib-Fakim is a renowned scientist and in 2015 became the first woman to be appointed to the ceremonial position of president of Mauritius. "The president of the…
Funmi Olaitan, Ibadan Oyo State Governor, Mr Abiola Ajimobi, has appointed his Special Adviser, Communication and Strategy, Mr. Yomi Layinka, to the new and strategic role of Special Adviser, Ibadan Media City Project. A statement by Secretary to the State Government, Mr. Olalekan Alli, made this known in Ibadan, Oyo State capital. By this appointment, Layinka is expected to oversee the proposed transformation of Broadcasting Corporation of Oyo State into formidable media, entertainment and cultural hub for South-West Nigeria. In a related development, the SSG said that the governor has approved the appointment of an Executive Director with the Sun…
Senator representing Kaduna Central, Mr Shehu Sani, has revealed that he and his colleagues receive N13.5 million monthly each as “running cost.” In an interview with TheNews, Sani said that the running cost does not include a N700,000 monthly consolidated salary and allowances which they also receive. Details of the interview were published by SaharaReporters on Wednesday. “I think what we can say is that the running cost of a senator is N13.5 million every month,” the senator said. He explained that though there is no specification on what the funds was meant for, each lawmaker is mandated to provide…
November 26, 2024

CBN extends deadline for BDCs to recapitalise

The Central Bank of Nigeria (CBN) has granted a six-month extension to Bureau De Change…
November 26, 2024

Tinubu’s nepotism worse than Buhari’s, Senator says

Enyinnaya Abaribe, senator representing Abia South, has stated that Nigeria would have been in a…
November 24, 2024

Older adults opened up about things they ‘took for granted’ in their 20s and 30s

Last month, we wrote a post where older adults from the BuzzFeed Community shared things…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 26, 2024

Fighter jet brought to combat bandits who invaded Benue communities, killed 30, official says

At least 30 people have been killed in several communities across two Local Government Areas…
November 26, 2024

What to know after Day 1006 of Russia-Ukraine war

WESTERN PERSPECTIVE Russian drones, missiles attack Ukraine's east, south and capital Russian missiles damaged residential…
November 26, 2024

WhatsApp just introduced major new upgrade that overhauls messaging

I love WhatsApp but I’ve never been fond of voice messages, leaving them or retrieving…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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