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The Federal Government's decision to allocate N20 trillion from pension funds for infrastructure sparks controversy. Minister Wale Edun champions the move, citing available long-term funds and collaboration opportunities. Atiku Abubakar opposes, warning of pension regulations violations...
Nigeria
Nigerians Alarmed by FG's Plan to Deduct N20 Trillion from Pension Funds for Infrastructure Projects
The Federal Government's approval to deduct N20 trillion from pension and life insurance funds for infrastructure development signals a strategic move towards economic growth.
during Tuesday's Federal Executive Council (FEC) meeting, the Federal Government unveiled plans to allocate N20 trillion...
Nigeria
Former CBN Governor Emefiele Granted N300 Million Bail Amid Allegations of Illegal Naira Printing
Former CBN Governor, Godwin Emefiele, granted N300 million bail by a Federal Capital Territory High Court amid charges of illegal naira printing by the EFCC. Emefiele pleaded not guilty to four counts. The court ruled for bail, requiring two sureties and travel document deposition. Trial set for...
![Today's Naira Rate [14-05-2024]: Naira Depreciates to N1,520.40 Against USD, Amid Forex Shortage](/data/attachments/203/203959-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria
Today's Naira Rate [14-05-2024]: Naira Depreciates to N1,520.40 Against USD, Amid Forex Shortage
The Nigerian Naira depreciates to a two-month low against the US dollar, hitting N1,520.40 at the official foreign exchange market. With a shortage of dollars affecting the market, the currency faces challenges, reflecting economic complexities. Analysts attribute the downturn to various...
Nigeria
Misplaced Priorities? Hisbah Under Fire for Arresting 20 Men and Women for Bathing Together in Kano
The Kano State Hisbah Board arrests 20 men and women for bathing together in Kano, sparking controversy over moral policing and religious freedoms. Critics question the legality and necessity of such actions, while supporters emphasize adherence to religious laws. The incident raises concerns...
Enugu State's plan to build a 380-room hotel faces backlash as Nigerians criticize alleged misallocation of funds and question priorities.
A video showcasing the Enugu State government's plan to construct a 380-room hotel has gone viral, sparking widespread criticism and debate among Nigerians...
Nigerian singer Portable remains in police custody after failing to meet bail conditions over alleged refusal to pay N14 million debt for G-Wagon purchase.
Nigerian singer Portable's legal troubles continue to mount as he remains in police custody after failing to meet the bail conditions set...
Nigeria's inflation rate surges to 33.69% in April, up from 33.20% in March, exacerbating economic hardship as the cost of living soars.
Nigeria's economic woes have deepened as the country's inflation rate surged to a staggering 33.69% in April, up from 33.20% in March, according to the latest...
Amidst morning prayers, an unidentified arsonist sets ablaze a mosque in Kano, trapping worshippers inside. Chaos ensues as emergency services rush to the scene, with at least 20 injuries reported. The assailant's motives remain unknown as authorities investigate this shocking act of violence in...
Ayodeji Ibrahim Balogun, famously known as Wizkid, has transcended from a budding artist in Surulere to a global music icon. His journey to stardom is underscored by hit albums, sold-out tours, and lucrative endorsements, amassing an impressive net worth of $4 million as of 2024.
Wizkid's...
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