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The Central Bank of Nigeria CBN, has blamed the free-fall of the naira on the huge sum of $40 billion spent by Nigerians on foreign education and medical tourism in the last 10 years. The CBN Governor Mr. Olayemi Cardoso made this clarification while giving insight into the constant depreciation of the value of the Naira as against the United States Dollar, creating a volatile exchange rate for the country. […]
Benue Investment and Property Company BIPC says the Fitch Ratings has announced that it has assigned a long-term foreign-currency issuer default rating of 'B-' to Benue State, along with a stable outlook, In a statement signed by the managing director of Benue Investment and Property Company Dr. Raymond Asemakaha says the rating reflected Fitch's assessment of the state's creditworthiness and its ability to meet its financial obligations. According to […]
The Labour Party, LP, has appealed to the Federal Government to work out modalities in reducing the hardship being faced by poor Nigerians. This is contained in a statement signed by the National Publicity Secretary of the Party, Mr. Obiora Ifoh in Abuja The statement which was borne out of today's protests by women and youths in Niger state as a result of the hardship explains that millions of Nigerians […]
The new Executive Secretary, Nigeria Christian Pilgrim Commission, NCPC, Bishop Stephen Adegbite has solicited the support of staff and stakeholders in reposition the commission. Addressing staff, religious leaders and stakeholders on assumption of office as the fourth substantive executive secretary of NCPC at the commission's headquarters in Abuja, Bishop Adegbite appreciated his predecessors for contributing their quota to the development of pilgrimage. He charged the staff to do their best […]
The Federal Capital Territory Administration has promised to revisit all awarded but abandoned road projects in satellites and rural communities of the territory. Minister of FCT, Mr Nyesom Wike who made the promise during the flag off of the 5km dualization carriage way in Kuje Area Council, stressed that government is a continuum, and no awarded contract should be left fallow. The 5km carriage way will begin from the Tipper […]
To enhance safety measures in the Federal Capital Territory, the Commissioner of Police for the FCT, Benneth Igweh, has initiated a total revamp of the security approach in the FCT, ordering a crackdown on unregistered vehicles. He gave the directive during a meeting with the Management Team, leaders of tactical units, and Heads of Departments within the FCT Command, including Area Commanders and Divisional Police Officers (DPOs). The purpose of […]
To address terrorism bedevilling the country, the Minister of State for Defence, Bello Matawalle is participating in the Second Meeting of the Islamic Military Counter Terrorism Coalition (IMCTC) Defence Ministers' Council in Riyadh, Saudi Arabia. According to a statement in Abuja by the Director of Information, Press and Public Relations, of the Ministry, Henshaw Ogubike, the meeting, chaired by Prince Khalid bin Salman bin Abdulaziz Al Sa'ad, aims to strengthen […]
To further strengthen Nigeria's security architecture, the National Agency for Science and Engineering Infrastructure, NASENI is partnering the Nigeria Police Force to revolutionize and enhance management of police workshops nationwide. Signing the partnership agreement at the Force Headquarters in Abuja, the Executive Vice Chairman of NASENI, Khalil Halilu, highlighted the critical role of the Nigeria Police in ensuring the safety of lives and property. He further emphasized the need to […]
Minister of Solid Minerals Development, Dr. Dele Alake has described the United States as Nigeria’s longstanding ally and strategic partner for the nation’s mining sector development. Dr. Alake stated this when he hosted the Charge d'Affairs, US Embassy, David Greene in his office in Abuja. Alake lauded the United States’ commitment to fostering cooperation with Nigeria in diverse sectors of the economy, stating that it underscores the significance of the […]
