4 Years Later, Ifeoma Abugu’s Friend Recalls How Police Officers Raped, Killed Her in Abuja Custody

On September 10, 2020, officials of the deadly police unit Special Anti-robbery Squad (SARS) stormed an apartment in Abuja intending to arrest Afam Ugwunwa. Their target was not around, and in his place, the police officers arrested Stella Ifeoma Abugu, who was visiting her fiancé. The next thing Ifeoma’s family and friends saw was her … Read more

Ex-Lagos Lawmaker, Mojisola, Who Repackaged COVID-19 Palliative As Birthday Souvenirs Appointed As Social Insurance Director

A former representative of Amuwo Odofin 1 Constituency at the Lagos State House of Assembly, Hon. Mojisola Kehinde Alli-Macaulay who branded COVID-19 palliative as birthday souvenirs in 2020 has been appointed as the Executive Director of the Nigeria Social Insurance Trust Fund (NSITF). The former newscaster was among the new set of appointments announced by … Read more

Eterna PLC Becomes Official Distributor for Dangote Petroleum Products

Eterna PLC has been appointed as domestic distributor of Dangote Petroleum Refinery products. “We are proud to be appointed as an official distributor of Dangote Refinery domestic sales in Nigeria,” a statement signed by the company’s secretary Mandella Golkus says. This announcement by the leading integrated energy providers in Nigeria comes days after Dangote Refinery … Read more

4 Nigerian Banks, Others To Launch cNGN Stablecoin

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Four Nigerian banks – Access, Providus, Sterling and First Bank – are collaborating with others to unveil cNGN token, a new stablecoin aiming to take decentralized finance to a new level. They are to operate under the name, “Africa Stablecoin Consortium (ASC)”. ASC is a consortium of Nigerian financial institutions, fintechs, and blockchain experts. The … Read more

Nigeria’s Central Bank Directs Banks To Support Crypto Transactions in Latest Rule

crypto bitcoin mining

After 34 months of its anti-cryptocurrency policy, Nigeria’s apex bank has lifted ban on cryptocurrency ban, saying all financial institutions can now support and facilitate crypto-related transactions. Its latest operational guidelines on Virtual Assets Service Providers (VASPs) to all banks and other financial institutions (OFIs) is a shift from its autocratic policy against crypto, even … Read more

We’ll Restore CBN Independence – Cardoso

Olayemi Cardoso, the new CBN Governor said there is need to restore the independence and credibility of the Nigeria’s apex bank. He said this Tuesday during his screening by Senate in Abuja. “In refocusing CBN to its core mandate, there is need to pull the CBN back from direct development finance interventions into more limited … Read more

Naira Crashes to N950 to USD at Parallel Market as FX Scarcity Persist

The Naira, on Wednesday, crashed to N950 to a dollar at the parallel market as the country battles the issue of foreign exchange (FX) scarcity. The figure represents a depreciation of N25 or 2.04% compared to the N925 it reported exactly a week ago (September 6) The operators of the parallel market and currency traders, Bureau De Change operators (BDCs), attributed the depreciation … Read more

Nigeria’s Government Lists Sabo Nano as Agriculture Minister, 23 Months After His Sack

Nigeria's Government Lists Sabo Nano as Agriculture Minister, 23 Months After His Sack

The Office of the Secretary to the Government of the Federation (OSGF) is still listing former Nigeria’s Agriculture Minister Sabo Nano as a cabinet member, four days after Bola Tinubu’s cabinet was inaugurated. A check by InfomediaNG on OSGF official website on Thursday, August 24, 2023, showed that cabinet members of former President Muhammadu Buhari … Read more

Tinubu Bows To PANDEF Pressure, Appoints Minister of Niger Delta

Tinubu signs Access to Higher Education Bill into law on June 12

President Bola Tinubu has redeployed Abubakar Momoh as the Minister of Niger Delta four days after ‘omitting’ the ministry specifically dedicated to placating the oil-rich region. On Wednesday, August 16, 2023, Tinubu released the portfolios for his cabinet members, but Niger Delta was omitted from the list of new and modified Federal Ministries in Nigeria. A … Read more

Tinubu Redeploys Oyetola to Marine and Blue Economy

Gboyega Oyetola biography

President Bola Tinubu has redeployed the Minister of Transportation Gboyega Oyetola to the Ministry of Marine and Blue Economy. Oyetola was initially assigned to the Ministry of Transportation when the president assigned a portfolio to his ministerial nominees on Wednesday, August 16, 2023. But in a statement by the Special to the President on Media … Read more

CBN To Rename I&E Market to NFEM

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The Investors and Exporters (I&E) window will be renamed the Nigerian Foreign Exchange Market (NFEM) in the coming days as the Central Bank of Nigeria (CBN) battles to return sanity to the FX market in Africa’s largest economy. While delivering a lecture titled,  “Diaspora Remittances and Nigeria Economic Development” to members of the Executive Intelligence Management Course … Read more