Year: 2024
NELFUND Clarifies Delay in August Stipend Disbursement
The Nigerian Education Loan Fund (NELFUND) has issued a statement addressing the delay in the disbursement of the August stipends to students. In a press release dated September 12, 2024, NELFUND attributed the delay to ongoing payment processing, which includes conducting essential security checks to protect public funds. Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications…
Wike Strengthens Control Over Rivers as PDP Postpones NEC Meeting
The internal power struggle within the Peoples Democratic Party (PDP) has shifted in favor of Nyesom Wike, the Minister of the Federal Capital Territory, as his loyalists in the PDP National Working Committee (NWC) have secured approval for congresses held in Rivers State. This development further solidifies Wike’s influence within the party, particularly in his…
Dangote Refinery Agrees to Sell Crude and Buy Fuel in Naira Amid Potential Losses
In a bold move aimed at supporting Nigeria’s economy, Aliko Dangote, Africa’s richest man and owner of the Dangote Refinery, has agreed to the federal government’s proposal to sell crude oil in naira and buy fuel in the local currency, despite the likelihood of incurring significant financial losses. The Vice President of Dangote Group, Edwin…
Food Security: Ogun to Introduce Price Control, Ban Levies in Markets
Ogun State Governor, Prince Dapo Abiodun, has announced plans to introduce a price control mechanism in the state’s markets as part of his administration’s efforts to tackle rising food prices. In a significant move aimed at easing the burden on residents, the governor also declared a ban on all forms of market levies, except for…
Maiduguri Flood: Over 30 Lives Lost, 1 Million People Affected
Maiduguri, Borno State — A devastating flood has claimed the lives of more than 30 people and affected over one million residents following the collapse of the Alau Dam, which triggered severe flooding in Maiduguri, the capital of Borno State. According to officials, the floodwaters, which surged into the city from about 10 kilometers away,…
Federal Government Allocates N47.5 Billion to Upgrade 50 Senior Secondary Schools Nationwide
Koton Karfe, Kogi State — The Federal Government has allocated N47.5 billion for the initial phase of upgrading 50 selected senior secondary schools across the country. This announcement was made by Dr. Iyela Ajayi, the Executive Secretary of the National Senior Secondary Education Commission (NSSEC), during the groundbreaking ceremony at Government Science Secondary School (GSSC)…
American Businessman Marco Ramirez Sentenced to 68 Years in Prison for $1.6 Million Visa Fraud
Lagos, Nigeria – Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, on Tuesday, September 10, 2024, sentenced American businessman Marco Antonio Ramirez to a total of 68 years in prison for his involvement in a $1.6 million visa fraud scheme. Ramirez, who had promised his victims access to U.S. green cards through…
Ogun State Leads in Minimum Wage Implementation: Governor Abiodun Pledges Swift Action
Ogun State Governor, Dapo Abiodun, has announced that his administration is working tirelessly to implement the new minimum wage for state workers, signaling that Ogun will not lag behind in this initiative. This commitment was made during a meeting with the leadership of organized labor at the Governor’s Office in Oke-Mosan, Abeokuta. Governor Abiodun emphasized…
EFCC Chairman Pledges Strict Enforcement of Financial Regulations to Cleanse Nigeria’s Banking Industry
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has committed to rigorously enforcing financial regulations in a bid to clean up Nigeria’s banking sector. Speaking at the Chartered Institute of Bankers of Nigeria’s (CIBN) Annual Banking and Finance Conference, Olukoyede issued a stern warning to senior officials involved in financial misconduct, stressing…
CDS Vows to Capture Infamous Bandit Bello Turji Soon
The Chief of Defence Staff (CDS), General Christopher Musa, has assured Nigerians that the notorious bandit leader Bello Turji will soon be apprehended by the military. Speaking to reporters after the Security Chiefs’ meeting at Defence Headquarters in Abuja, General Musa emphasized that Turji’s days of terror are numbered. “We are going to get him,…