NewsPol

Nigeria on Friday announced it would shut down Aboki FX.com, a website that provides information on currency exchange, declaring that the site was engaged in illegal and criminal activities.   Giving the order in Abuja, the Governor of the Central Bank of Nigeria, Godwin Emefiele also declared Mr Olusegun Oniwinde, owner of AbokiFX, wanted for […]

Nigerian troops have rescued an Army Major who was abducted last month by bandits when they attacked the country’s premier military academy and killed two other officers,  the military has said.   Major Christopher Datong was rescued in a joint military operation involving troops of 1 Division Nigerian Army Headquarters, Air Force, and the Department […]

  Erstwhile Minister of Aviation, Femi Fani-Kayode on Thursday swallowed his words and did that which he swore never to do: he dumped the People’s Democratic  Party for the ruling All Progressives Congress.   Fani-Kayode surprised a few Nigerians by his action, as he had consistently demonised APC, saying the party represented nothing but darkness. […]

Ibiyemi Olatunji-Bello, a professor of medicine and wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello, has been appointed the new Vice Chancellor of the Lagos State University.   Her appointment was announced in a statement by the Lagos State Commissioner for Information, Gbenga Omotoso, titled, ‘Sanwo-Olu approves appointment of […]

…as governor Buni demands probe   The Nigerian Air Force on Thursday admitted that one of its fighter jets on a mission against terrorists “unfortunately” bombed civilians in Yobe State on Wednesday. This came after the NAF’s initial denial of the involvement of any of its jets in the airstrike on civilians.   NAF had […]

The Chairman of Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Thursday slumped while giving a brief address and was rushed out of the Banquet Hall at the Presidential Villa, Abuja.   Bawa was giving his goodwill message at the National Identity Day celebration, stressing the importance of National Identity, when he suddenly stopped speaking, […]

The Nigerian government said on Monday that its security forces are in pursuit of escaped prisoners and the gunmen who attacked a prison in the north-central region and freed inmates.   The yet-to-be-identified gunmen attacked the Kabba Medium Security Custodial Centre, in Kabba, Kogi State, late Sunday and early Monday morning, according to reports.   […]

The Central Bank of Nigeria has said it will sanction banks that are caught engaging in malpractices in their foreign exchange transactions.   “In line with our continuing close surveillance of our financial markets generally and the FX market in particular, the CBN wishes to remind all banks that it is their responsibility to not […]

The Central Bank of Nigeria said on Saturday it has no plans to convert holdings in domiciliary accounts into Naira, explaining that the story making the rounds on social media was fake.   “We wish to reiterate that the Bank has not contemplated, and will never contemplate, any such line of action. The speculation is […]

The current war on the implementation of the Value Added Tax in Nigeria obviously is the prelude to Fiscal Federalism in the country. This principle has been at the root of calls for restructuring Nigeria’s political arrangement in such a way that allows regions or the federating units to have control over resources domiciled in […]

Following the controversy surrounding the loss of lives at Lekki Tollgate during the,   A forensic company, Sentinel Forensic Limited, has declared that the live ammunition used during the EndSARS protest on Friday, October 20, 2020 at the Lekki Tollgate were discovered to have been registered to the Nigerian Army.   This declaration was made […]

…as Appeal Court Asks parties to maintain status quo   The Lagos State Governor, Mr Babajide Sanwo-Olu, has signed into law the state Value Added Tax Bill.   With this, Lagos joins Rivers State which has also signed a VAT law that authorizes the state to collect the consumption tax, instead of the current practice […]