Tag: Nigeria
National Theater Transformation to Unlock $25 Billion Creative Sector Potential, Says CBN Governor Cardoso
Lagos, Nigeria – The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has declared that the transformation of the National Theater in Lagos will serve as a catalyst for unlocking the $25 billion income potential of Nigeria’s creative sector. Cardoso made the statement during a press briefing following a tour of the upgraded National Theater,…
NAFDAC Uncovers Weapons Cache, Seizes 50 Trailer Loads of Fake Drugs in Onitsha Market Raid
In a dramatic enforcement operation, the National Agency for Food and Drug Administration and Control (NAFDAC) has seized 50 trailer loads of counterfeit drugs and uncovered a cache of weapons, including rifles, live cartridges, and machetes, at the Niger Bridge Head drug market in Onitsha. The discovery, made during a nationwide crackdown on fake and…
Akpabio Denies Sexual Harassment Allegations as Senator Natasha Submits Fresh Petition
Senate President Godswill Akpabio has vehemently denied allegations of sexual harassment leveled against him by Senator Natasha Akpoti-Uduaghan, describing the claims as baseless and unfounded. The denial came on Wednesday during the resumption of plenary in the Senate, following a week-long recess, as the legislative body grappled with the escalating controversy. Senator Akpoti-Uduaghan had initially…
Navy Destroys Three Illegal Refining Sites in Delta, Intensifies Fight Against Economic Sabotage
The Forward Operating Base (FOB) Escravos of the Nigerian Navy has deactivated three illegal refining sites in Delta State, marking another significant stride in the ongoing battle against crude oil theft and economic sabotage. Navy Captain Ikenna Okoloagu, Commanding Officer of FOB Escravos, disclosed this to newsmen on Tuesday in Warri, highlighting the success of…
FCCPC to Arraign MTN CEO, Others on May 28 for Alleged Breach of Act
The Federal Competition and Consumer Protection Commission (FCCPC) is set to arraign Karl Toriola, the Managing Director and Chief Executive Officer (MD/CEO) of MTN Nigeria Communications Plc, alongside other top executives, on May 28, 2025. The charges stem from allegations of failure to produce documents and information required by the commission in compliance with a…
Lagos Schools Ban Flogging, Adopt Counselling for Discipline, Says Commissioner
The Lagos State Government has reaffirmed its ban on corporal punishment in public schools, advocating for counselling as a more effective and non-violent approach to discipline. The state’s Commissioner for Basic and Secondary Education, Jamiu Alli-Balogun, reiterated this stance during an interview with the News Agency of Nigeria (NAN) on Monday, emphasizing that flogging students…
Fuel Price War: Nigerians to Enjoy Further Petrol Price Reductions as NNPC, Dangote Refinery Compete
Nigerians can expect further reductions in the price of Premium Motor Spirit (PMS), commonly known as petrol, as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a price war. This development comes as both companies have recently slashed their petrol prices, sparking competition that is set to benefit consumers. On Monday,…
Naira Depreciates to N1,510/$ in Parallel Market, Gains Slightly in Official Market
The Nigerian Naira experienced mixed fortunes in the foreign exchange markets yesterday, depreciating in the parallel market while recording a slight gain in the official Nigerian Foreign Exchange Market (NFEM). In the parallel market, the Naira fell to N1,510 per dollar from N1,505 per dollar over the weekend, reflecting a N5 depreciation. However, in the…
IPoB Denies Allegations of Attacking Truck Drivers, Accuses Northern Protesters of Sponsored Blackmail
The Indigenous People of Biafra (IPoB) has vehemently denied allegations that its members attacked Northern truck drivers transporting goods to the South East, describing the claims as a sponsored attempt to blackmail the group. The denial comes in response to a protest staged by truck drivers in Jos, Plateau State, who accused IPoB of targeting…
President Tinubu Appoints Kunle Nafiu as New NYSC Director-General
In a move aimed at revitalizing the National Youth Service Corps (NYSC) and enhancing its contribution to national development, President Bola Ahmed Tinubu has announced the appointment of Kunle Nafiu as the new Director-General of the NYSC. The decision takes immediate effect, signaling the administration’s commitment to repositioning the scheme to better serve Nigerian youths….