The Federal Executive Council on Monday has approved the renaming of the University of Abuja as Yakubu Gowon University. The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House correspondents after the council held its last meeting for 2024 at the Aso Rock Villa, Abuja. Idris said, “The third item is…
Chief of Defence Staff, Gen. Christopher Musa, has launched an investigation into the alleged deaths of Okuama leaders, Pa James Oghoroko and Dennis Okugbaye, while in Army custody. Oghoroko, the President-General of the Okuama community, and 81-year-old Okugbaye, the community’s treasurer, reportedly died six days apart after being detained by the military. The duo along…
Nigeria’s inflation rate surged to 34.60% in November 2024, according to the National Bureau of Statistics (NBS). A report by the bureau said the inflation rate showed an increase of 0.72% points, compared to the 33.88 percent recorded in October 2024. On a year-on-year basis, the headline inflation rate was 6.40 percent points higher than…
The Federal Government of Nigeria has settled an accumulated debt of ₦85 billion and $54 million outstanding levies owed to the Economic Community of West African States (ECOWAS). The President of ECOWAS Commission, Omar Touray, made the disclosure on Sunday in Abuja, saying that the amount represents 100 per cent of Nigeria’s 2023 and 2024…
The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of aiding the illegal distribution of mint naira notes to currency hawkers. CBN, in a circular issued on Friday and signed by Mohammed Olayemi, Acting Director of the Currency Operations Department, said it was concerned…
The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets, Tribune Online reports. According to Tribune Online, who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced…
By Rabiu Murtala Hamza The Association of Zakat and Waqf Operators in Nigeria ( AZAWON) said it has recorded N1.4 billion collection in Jigawa State this year. This was revealed at the ongoing national conference of AZAWON holding in Hadejia, Jigawa State. Declaring the conference opened on Saturday, the State Governor, Mallam Umar Namadi, said…
….Says No Meaningful Development Without Addressing Power Sector Crisis The Vice President, Kashim Shettima, has emphasized that addressing Nigeria’s power sector crisis and ensuring access to affordable energy are crucial for meaningful economic development. According to a statement issued by Senior Special Assistant to the President on Media and Communications, Office of the Vice President,…
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has shared a total sum of N 1.727 trillion November 2024 Federation Accounts Revenue to the Federal Government, States and Local Government Councils. The revenue was shared at the December 2024 meeting of the Committee held in Abuja. The N1.727 trillion total distributable revenue comprised distributable…
By Rabiu Murtala Hamza Amidst rising hardship in Nigeria, Islamic social finance and welfare organisations have gathered in Hadejia, Jigawa State for two days conference, aiming to proffer religious based solution to lack of safety net. The Association of Zakat and Waqaf Operators in Nigeria (AZAWON) is advocating the institutionalisation of holy social welfares system…
