The Central Bank of Nigeria (CBN) has expressed concerns over the country’s foreign exchange reserves, citing potential risks stemming from the removal of the petrol subsidy and lower crude oil earnings. As of September 12, 2024, Nigeria’s external reserves stood at $36.08 billion, according to CBN data. In its newly published ‘Monetary, Credit, Foreign…
A new Commissioner of Police, CP Ishola Olanrewaju Olawale, psc+, mnips has assumed duty as the 40th Commissioner of Police at the Lagos State Command. He takes over from CP Adegoke Fayoade, who has been promoted to the rank of Assistant Inspector-General of Police and since redeployed as AIG Zone 2 Headquarters, Onikan, Lagos.…
Bala Mohammed, the governor of Bauchi State, has responded to threats made by Nyesom Wike, the Minister of the Federal Capital Territory (FCT), stating that Bauchi has enough resources to handle any challenges. Wike had previously threatened to “put fire” in the states of Peoples Democratic Party (PDP) governors supporting Siminalayi Fubara, the governor…
The National Agency for Food and Drugs Administration and Control (NAFDAC) has shut down an illegal factory producing counterfeit cosmetic products at Benue Plaza, Trade Fair Complex in Lagos State. Disclosing this in a post shared on its X handle on Tuesday, September 17, the agency said the factory was shut down after its operatives…
Rivers State Governor Siminialayi Fubara has suspended Otonye Briggs, the Local Government Committee Chairman of Akuku-Toru, with immediate effect. The announcement was made on Tuesday, September 17, in a statement signed by the governor’s Chief Press Secretary, Nelson Chukwudi. In the directive, Governor Fubara appointed Bitebobo Nelson Amieye as the caretaker committee chairman…
