The Central Bank of Nigeria (CBN) has halted the acceptance of new applications for intervention loans.

The Central Bank of Nigeria has announced the suspension of the acceptance of new loan applications under its development finance intervention funds program. The directive was conveyed through a circular addressed to the Chief Executives of banks, signed by the Acting Director of the Development Finance Department, Sa’ad Hamidu, on Tuesday, December 13. The circular…

Two individuals have been charged for allegedly using a shattered plate to stab their neighbor’s eyes in Ondo.

The Ondo State Police Command has brought charges against a 42-year-old woman, Kemi Ayodele, in an Akure Chief Magistrate Court for allegedly stabbing her neighbor with a broken plate. The accused, along with a man named Akerele Odunayo, 45, faced four counts, including conspiracy, assault causing harm, and attempted murder. The incident took place on…

PRESIDENT TINUBU APPROVES LEADERSHIP CHANGES IN THE AVIATION AND AEROSPACE DEVELOPMENT SECTOR

In line with his determination to bring world class standards to Nigerian Civil Aviation in consumer protection and the promotion of the wellbeing of Nigerian passengers and other sectoral stakeholders, President Bola Tinubu has approved the suspension, removal, and replacement of the following Chief Executive Officers under the Federal Ministry of Aviation and Aerospace Development:…

In Kaduna, a group of bandits has abducted 30 villagers.

In the Igabi Local Government Area of Kaduna State, bandits have kidnapped 30 villagers from Unguwar Liman in the Gwada community. The bandits launched an invasion into the community on Sunday night, December 10, 2023, at around 11 pm, firing shots indiscriminately. According to residents who spoke with Daily Trust, the victims encompassed housewives and…

The Minister of Power advocates for the restructuring of TCN into two separate entities.

Minister of Power, Mr. Adebayo Adelabu, expressed disappointment in the privatization of the Nigerian power sector. During the Ministerial Retreat on the Integrated National Electricity Policy and Strategic Implementation Plan, he outlined plans to restructure the Transmission Company of Nigeria (TCN) in accordance with the Electricity Act 2023 and industry requirements. Adelabu emphasized the need…

Prominent individuals in Nigeria implicated in unlawful mining and support of bandit activities, states Alake.

Minister of Solid Minerals Development, Dele Alake, has asserted that influential Nigerians are backing illegal mining and fostering banditry. During his appearance before the House Committee on Solid Minerals to justify the Ministry’s 2024 budget proposal, Alake revealed that these powerful individuals are linked to the insecurity prevalent in regions abundant in solid mineral resources.…

AFRICA, WITH NIGERIA LEADING, CAN BECOME WORLD’S FIRST GREEN MANUFACTURING HUB, PRESIDENT TINUBU WRITES IN CNN EXCLUSIVE OP-ED

President Bola Tinubu says African countries, including Nigeria, need partnerships for a new green economy, emphasizing the efforts against climate change will only be successful through a cooperative approach. Writing in an OP-ED article for CNN, the President said the security threats, the dislocation of people, the environmental atrophy and other collateral impacts of climate…

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