Court Grants Godwin Emefiele’s Travel Request with Restriction to Remain in Nigeria
Justice Hamza Muazu of the Federal Capital Territory High Court has approved the request of Godwin Emefiele, the immediate past Governor of the Central Bank, to travel outside the FCT. However, the court has mandated that Emefiele must remain within the country during his travel. Emefiele, who was on bail terms restricted to the FCT, […]
U.S Court Orders Repatriation of $8.9 Million Stolen In 2014 to Nigeria
A New Jersey court in the United States has ruled that assets worth around $8.9 million stolen by government officials in Nigeria around 2014, can be returned to Nigeria. Following the service of a forfeiture notice in November, the Court concluded that funds deposited in a Jersey bank account were likely “misappropriated by officials” in […]
Uganda denies reports of Nigeria rejecting its degrees
The National Council for Higher Education (NCHE) denies allegations that Uganda may face Nigeria’s rejection of its degree certificates over authenticity concerns. The NCHE investigates complaints related to higher learning institutions and takes appropriate action. Prof Mary Okwakol, the NCHE’s executive director, clarified that there have been no complaints from Nigeria about the legitimacy of […]
NNPC Assures Nigerians No plan to Increase PMS Prices
The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price. According to […]
FG shuts 18 foreign Universities operating in Nigeria
The Federal Government has banned 18 foreign universities operating in Nigeria, describing them as “degree mills,’’ warning Nigerians to avoid enrolling in them. The directive affected five universities from the United States, six from the United Kingdom, and three Ghanaian tertiary institutions. Also, the Federal Ministry of Education on Tuesday announced the temporary suspension of […]
Nigeria has reaffirmed its commitment to ending gas flaring and focus on natural gas as a transition fuel alongside other renewable energy sources
President Bola Ahmed Tinubu made the declaration at the weekend at the ongoing United Nations Climate Conference (COP28) summit on fossil fuel, financing and other non-greenhouse gases in Dubai, United Arab Emirates (UAE). The President, who shared the platform with the President of COP28, Dr Sultan Ahmed al-Jabar; told the world that Nigeria has already imposed a heavy penalty for defaulters and […]
Nigeria’s Naira weakened across official and unofficial markets as dollar shortages linger on Tuesday and Wednesday on the foreign exchange (FX) market
On Wednesday, Naira fell to N1,150 per dollar, losing 0.43 per cent over N1,145/$1 on Tuesday at the parallel market, also known as the black market. Some street traders bought dollars at N1,145 and sold at N1,150. “There is dollar, but demand is high”, said aboki, a foreign currency trader based in Lagos. At the […]
