The Federal Government said it is targeting over 12m vulnerable households in its cash transfer programme. Minister of Finance and Coordinating Minister of the Economy, Wale Edun who disclosed this on Wednesday in Uyo during the 2024 Ministerial Retreat with the theme: “Achieving the 8 Presidential Priorities: The Role of the Ministry”, said the government would increase the benefiting households from 3m to 12m. He said, “Since May 29, the country has been set on a course of microeconomic stability. The unsustainable, wasteful expenditures that benefitted just a few people at the cost of the majority have been done away.…
Author: admin_secure
The Federal Government has banned the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically to warrant a crash in price. It stated on Thursday that LPG producers in Nigeria and key stakeholders in the industry had been told to stop exporting the commodity out of Nigeria, following the recent jump in the cost of cooking gas. Findings showed that the cost of refilling a 12.5kg cylinder of cooking gas in Abuja, Lagos, Kano and some other states had climbed to about N18,000. It was specifically N17,500 in Abuja on Thursday, a…
A Spanish court on Thursday found former Barcelona and Brazil footballer Dani Alves guilty of raping a woman in a Barcelona nightclub, BBC reports. Alves has been handed a jail sentence of four years and six months. Prosecutors seek nine-year jail term for Brazil star Dani Alves Details later…
President Bola Ahmed Tinubu has assured Nigerians that the prevailing hike on price of food items will soon be ameliorated. The Minister of Information and National Orientation,Alhaji Mohammed Idris Malagi represented by the Director General, Voice of Nigeria, Malam Jibrin Baba Ndace gave the assurance during the 2024 Nigeria institute of Public Relations Niger State Chapter Conference and Annual General Meeting held at the Jon Justice Idris Legbo Kutigi International Conference Centre Minna,on Tuesday The minister said President Bola Ahmed Tinubu also said engagement with the state government, security chiefs and other critical stakeholders has led to the drastic reduction…
Financial inclusion in Nigeria has improved since the country adopted inclusion strategy in 2012. According to the 2023 Report on Access to Financial Services in Nigeria, financial inclusion continues to expand and has so far been fuelled by marginal growth among the country’s banked population and major gains in non-bank formal adoption. “Although, approximately 40 million adult Nigerians remain formally excluded, formal financial inclusion was said to have grown from 56 per cent in 2020 to 64 per cent in 2023. In the last four years, fintech companies in Nigeria have played a vital role in closing this gap, bringing…
The silent war between the federal government of Nigeria and that of Niger Republic is getting deeper as the government of the Francophone African country has singled out all flights from Nigeria for total ban from its airspace. The ban which was contained in circular issued by the Bureau Notam International De L’Quest African to its agencies with reference number: NR 16/A/24GO, dated February 6th, 2024, with the headline: ‘Restriction of Flights to and from Nigeria,’ and sighted by the Nigerian Tribune, specified that while its airspace remained opened to all national and international commercial flights from ground to unlimited…
Actress Toyin Abraham Ajeyemi has reacted to the uproar following the ongoing economic hardship in the country. The actress was dragged last year for her vocal support for the current administration. Many social media users were curious to know what she thinks of the current state of the country. Some netizens posed questions to her about what was going through her mind and she stated that she could hardly explain what was going on. She however noted that God will see everyone through. “tundesuper said: “@toyin_abraham I am asking respectfully, what’s going through your mind now? toyinabraham replied: “@tundesuper I…
The Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, has charged Chief Executive Officers of banks across the country to always abide by extant regulations and rules governing their practice as a way of tackling economic and financial crimes and other forms of corruption. The EFCC boss stated this in Abuja when he received the Body of Bank CEOs, under the auspices of the Chartered Institute of Bankers of Nigeria, on a courtesy visit to his office at the corporate headquarters of the EFCC. This was made known in a statement signed by the EFCC’s Head of…
The national chairman of the Labour Party, Julius Abure, who was arrested on Wednesday in Benin, Edo State capital by operatives of Zone 5 Police headquarters, has been released on bail. It was gathered that his arrest was a result of a petition forwarded to the zone from the office of the Inspector General of Police in Abuja. After his release around 2am on Thursday, Abure, while addressing his supporters, said the struggle to liberate the people does not come easy. He said his persecution, meant to destabilize the party, started after the general election in 2023. Abure…
One person has been confirmed dead in a boat accident that occurred in the Ikoyi area of Lagos State. Fifteen passengers were said to have been rescued during the incident which happened around 6:50pm on Wednesday. The spokesperson for the Lagos State Waterways Authority, Wuraola Alake, in a statement seen by PUNCH Online noted that the ferry which had 17 passengers on board collided with a submerged shoreline concrete at a construction site around the power line corridor at the Lekki-Ikoyi Link Bridge. Alake, who confirmed the casualty said one person was declared missing. The statement read, “At about 6.50pm…