The Central Bank of Nigeria (CBN) has announced a substantial increase in credit to the Federal Government, which surged by N11.33 trillion, or 57.11%, in August, bringing the total to N31.15 trillion from N19.83 trillion in July. This rise is detailed in the latest Money and Credit Statistics released by the CBN, highlighting a trend of fluctuating borrowing across the three tiers of government in recent months. In June, the…

The Bank of Industry (BoI) has underscored the urgent need for Nigeria to enhance its production capacity in order to achieve a one trillion-dollar economy by 2026. This assertion was made by Isa Omagu, Divisional Head of Services at BoI, during the 2024 annual conference of the Finance Correspondents Association of Nigeria, themed “Nigeria’s Journey Towards a $1 Trillion Economy: Impact of Banks’ Re-capitalisation, Opportunities for Fintechs and Real Sector.”…

The Federal Government is accelerating its efforts to implement e-government systems aimed at enhancing productivity and providing more accessible services to citizens. This initiative was a focal point at the recent e-Government Summit held in Lagos, where officials from the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA), and industry experts discussed the critical need for improved connectivity to bolster governance. The renewed commitment to e-government comes…

The Federal Government has reaffirmed its dedication to supporting micro, small, and medium enterprises (MSMEs) through a series of tax incentives designed to foster growth and sustainability within the sector. This commitment was articulated by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), at the inaugural MSME Finance Awards organized by The Economic Forum Series in collaboration with Nairametrics and DigiComm Enterprise. Represented by his special adviser,…

Beirut, Lebanon- Prime Minister Najib Mikati has raised alarms over the escalating humanitarian crisis in Lebanon, revealing that recent Israeli attacks may have displaced up to one million people. This alarming figure represents roughly one-sixth of Lebanon’s total population and marks the country’s worst displacement crisis in decades. The situation has intensified following the death of Hezbollah leader Hassan Nasrallah, which has exacerbated fears of further regional instability. In his…

Rights activist Deji Adeyanju has issued a stark warning ahead of the planned October 1 protests, suggesting that the government may resort to forceful measures to suppress dissent. Drawing parallels to previous violent crackdowns, Adeyanju urged Nigerians to remain resolute in their demonstrations against the prevailing economic hardships and rampant corruption plaguing the nation. In a statement released on social media, Adeyanju emphasized the critical need for citizens to assert…

The Minister of State for Petroleum, Heineken Lokpobiri, has credited the Federal Capital Territory (FCT) minister and former governor of Rivers State, Nyesom Wike with playing a pivotal role in his appointment to the federal cabinet.Lokpobiri spoke at an event organized in honour of Wike by the Ijaw Peoples Congress (IPC) in Port Harcourt, Rivers State capital, where he emphasized the importance of political alliances and support networks in achieving…

The Nigerian writer, Activist, and Social media influencer, Reno Omokri has reacted to the critics following a luxurious Rolls Royce Cullinan and N1bn donation that were received by the General overseer of the Living Faith Church (Winners Chapel), Pastor David Oyedepo who marked his 70th birthday yesterday the 28th of September 2024. The gift is said to have been given to Oyedepo by his loved ones to appreciate him for…

Yet another high-profile personality has jumped into the raging controversy about people behind the heightened spate of banditry in the northwestern part of the country with a former governorship candidate of the All Progressive Grand Alliance (APGA) in the 2019 governorship election in Zamfara State, Dr Sani Abdullahi Shinkafi alleging that top politicians are sponsoring the crime in the region. He claimed that some unscrupulous politicians have been using banditry…

The Kogi State Police Command has called on the organisers of the planned October 1 protest to allow President Bola Tinubu additional time to address the nation’s pressing challenges. According to Vanguard newspaper, the state’s Public Relations Officer, Williams Anya, stated that this appeal was made by Commissioner Bethrand Onuohaafe shortly after a meeting with the protest organizers at the state command. The Commissioner of Police urged the organisers to…

Man in the eye of the storm and social media sensation, Idris Okuneye, widely known as Bobrisky has dragged Martins Vincent Otse, AKA, VeryDarkMan to court, slamming a ₦1 billion lawsuit against him for alleged defamation through an audio clip.Disclosing the development on his Instagram account on Sunday, Bobrisky claims that VeryDarkMan released an AI-generated audio recording that falsely implicated him (Bobrisky) in illicit relationships with high-profile figures, including politicians…

Vice President Kashim Shettima has returned to Abuja after representing President Bola Tinubu at the just concluded 79th Session of the United Nations General Assembly (UNGA) in New York, USA. His Senior Special Assistant on Media and Communications, Stanley Nkwocha in a statement said Mr Shettima arrived in Nigeria on Sunday. Mr Shettima presented Nigeria’s National Statement at the General Debate, as well as engaged in several bilateral meetings and…