Ojo council accused of demolishing property despite court order
By Innocent Anaba A property dispute involving Ojo Local Government Area, Lagos State, has taken a fresh turn following allegations that officials of the council demolished a property despite a subsisting judgment of a Lagos State High Court declaring the owner the lawful occupier and restraining further trespass. The property owner, Ibrahim Abubakar, alleged that […]
Tinubu approves new army battalion for Kwara
By Demola Akinyemi, Ilorin President Bola Ahmed Tinubu has approved the establishment of a new Nigerian Army battalion in Omu-Aran, Irepodun Local Government Area of Kwara State, as part of efforts to strengthen security in the state. The development was disclosed in a statement issued by the Deputy Chief Press Secretary to the Kwara State […]
Nigeria can’t scale $1trn economy on shaky terrain of weak governance — Shettima
By Nkiruka Nnorom LAGOS—Vice President Kashim Shettima has said Nigeria cannot achieve its $1 trillion economy target on the shaky terrain of weak compliance, regulatory laxity and ethical ambivalence, declaring that only a bedrock of flawless corporate governance could sustain the nation’s economic ambition. Speaking at the 3rd National Corporate Governance Summit organised by the […]
CBN retains rate at 26.5%, cites Middle East tensions
•Says banks no longer need forbearance •External reserves sustains upward trend, hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. CBN Governor, Mr. Olayemi Cardoso, announced the decision yesterday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. He […]
Naira appreciates to N1,409/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,409 per dollar in the parallel market from N1,416 per dollar on Monday. Similarly, the naira appreciated to N1,374.5 per dollar in the Nigerian Foreign Exchange Market, NFEM .Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to […]
Tinubu’s reforms laying foundation for prosperous Nigeria, says Information Minister
By Joseph Erunke, Abuja The Minister of Information and National Orientation, Mohammed Idris, yesterday declared that the far-reaching economic reforms introduced by President Bola Tinubu were steadily repositioning Nigeria for long-term prosperity. He insisted that the difficult decisions taken by the administration were already yielding positive results in fiscal stability, investor confidence and national development. […]
