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Central bank of Nigeria

‎JUST IN: CBN retains lending rate at 14 per cent

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has retained the lending rate at 14 per cent. The CBN governor, Godwin Emefiele, stated this after the committee meeting ‎on Tuesday. Details later...

Arab leaders meeting used to illustrate the story [Photo: Ynetnews]

Saudi Arabia, allies blacklist 18 individuals, organisations for alleged terrorism

Saudi Arabia and its allies on Tuesday put 18 organisations and individuals on a blacklist. Those blacklisted are suspected of Qatar-linked Islamist extremism, a joint statement by the Saudi Press Agency said. Saudi Arabia, the UAE, Bahrain and Egypt blacklisted nine charity and media organisations, and nine individuals linked to…

Kwara State governor, Abdulfatah Ahmed

Paris Club Refund: Kwara gov. approves additional N1 billion for local govts

The Kwara State Governor, Abdulfatah Ahmed, has approved the release of additional N1 billion to local government councils in the state to pay part of outstanding salary arrears owed their staff. According to a statement by the state government on Monday, this brings to N2 billion the money the state…

Acting President, Yemi Osinbajo

JUST IN: Osinbajo in closed-door meeting with Nigerian military chiefs

The Acting President, Yemi Osinbajo, on Monday evening had a closed-door meeting with service chiefs. The meeting, which was still on in Abuja at the time of this report, also had the Borno State Governor, Kashim Shettima, in attendance. PREMIUM TIMES has reported the several suicide explosions in Maiduguri and…

Lagos Council Polls

Why Lagos council polls suffered hitches – LASIEC

The Lagos State Independent Electoral Commission on Monday attributed the hitches experienced in Saturday's local government elections in the state to the early morning downpour. In the results declared by LASIEC, the ruling All Progressives Congress won all the 57 Chairmanship seats and 369 councillorship seats, while the Peoples Democratic…

Dele Olojede

INTERVIEW: How Dele Giwa’s murder, Rwanda genocide changed my career — Dele Olojede (Part 1)

In a recent interview with the Nigerian writer, Feyi Fawehinmi, Pulitzer Prize winner and publisher of rested Next newspapers, Dele Olojede, speaks extensively about the day Dele Giwa was murdered, fleeing Nigeria, covering Rwanda genocide and winning the Pulitzer Prize. Feyi: You won a Pulitzer in 2005 for writing 10 articles/pieces on…

Dangote Refinery

Court adjourns suit filed against Dangote Refinery over detention of worker

A Lagos Division of the Federal High Court on Thursday adjourned till July 26 a N100 million suit filed against Dangote Refinery Limited by a member of its staff, Martina Amosu. Joined as co-respondent in the suit is the Economic and Financial Crimes Commission, EFCC, which has held Ms. Amosu…

Trafficked victims

NAPTIP, Italian authorities team up against human traffickers

The National Agency for the Prohibition of Trafficking in Persons, NAPTIP, and the security authorities in Italy have agreed to collaborate more effectively to curb trafficking of human beings from Nigeria to Italy. This was the outcome of a series of strategic meetings held in Italy between a delegation from…

The World Bank

World Bank to evaluate Nigerian states on Ease of Doing Business

The World Bank is to rank Nigeria’s 36 states and the Federal Capital Territory (FCT) on the assessment of the ease of doing business within each location for the period, 2014-2018. Minister of Industry, Trade and Investment, Okechukwu Enelamah, and the Secretary to the Presidential Enabling Business Environment Council (PEBEC),…

Minister of Information and Culture, Lai Mohammed [Photo: Daily Trust]

Promoters of hate speech, fake news, bent on making Nigeria ungovernable – Lai Mohammed

Minister of Information and Culture, Lai Mohammed, has said the growing cases of hate speech, disinformation and fake news in the country are being orchestrated by those opposed to the Nigerian government to "discredit the government, destabilize the polity and make the country ungovernable". The Minister made the statement at…

EFCC Operatives

Nigerian arrested for alleged credit card fraud in Canada

The Economic and Financial Crimes Commission has arrested Yusuf Balogun Alabi, a suspected credit card fraudster, who allegedly masterminded the theft of $5,400 Canadian Dollars from a catering entertainment outfit in Brantford, Canada. The fraud came to light after a young Nigerian undergraduate of Thompson Rivers University in British Columbia,Tony…

A banking hall [Photo credit: Nigerian Times]

10 docked for allegedly hacking, stealing N150 million from customers bank accounts

The Police Special Fraud Unit on Thursday arraigned 10 men who allegedly hacked into and fraudulently moved out N150 million from the bank accounts of various bank customers in Lagos and Oyo states. The suspects were arraigned on three counts before Justice Chuka Obiozor of the Lagos Division of the…

Lagos State Governor, Mr. Akinwunmi Ambode (right), with his Osun State counterpart, Ogbeni Rauf Aregbesola, exchanging State plaque and souvenir during Governor Ambode’s courtesy visit to Osun State Government House, Osogbo, on Thursday, July 20, 2017.

Why Governor Ambode is Nigeria’s Governor General — Aregbesola

Osun State Governor, Rauf Aregbesola, on Thursday described his counterpart in Lagos State, Akinwunmi Ambode, as the Governor General of Nigeria, saying the position of Lagos as the economic nerve centre of the country and the brilliant performance of the Governor in office could not be downplayed in any form.…

Acting President Yemi Osinbajo with Emir of Gusau and Zamfara state governor Abdulaziz Yari during his visit to the state

Nigerian govt. to harness solid minerals in Zamfara, other states — Osinbajo

Nigerian government said it will work towards developing solid minerals by harnessing such deposits in the northern part of the country. Acting President Yemi Osinbajo who disclosed this when he visited the Emir of Gusau on Tuesday, said the plan is to go side by side with ensuring peace and…

GEOFFREY-ONYEAMA [Photo credit: guardian.ng]

Nigeria clears Cameroon in Bakassi deaths, says citizens ‘drowned’

The Minister of Foreign Affairs, Geoffrey Onyeama, on Wednesday said there was no evidence of 97 Nigerians being killed by Cameroonian Gendarmes. He said the 97 deaths represented the accumulation of all the Nigerians that had been killed in previous incidents in the Bakassi area since 2008. Mr. Onyeama made…

Women abducted by Boko Haram [Photo: Sahara Reporters]

Boko Haram abduction of women in Borno atrocious, cowardly – Osinbajo

The Acting President, Yemi Osinbajo, has condemned the recent "atrocious and cowardly" abduction of women in Borno State. He also sympathised with the families of the abducted women, and assured that the federal government will spare no efforts to ensure the safe and speedy return of all the victims. He…

Ben Ezeamalu

PREMIUM TIMES reporter, two others win NRGI media fellowships

A PREMIUM TIMES' reporter, Ben Ezeamalu, has been nominated for this year's Natural Resource Governance Institute's Media For Oil Fellowship. The fellowship is a development program designed to promote reporting that deepens knowledge of the Nigeria oil sector and that drives positive change in the sector. Mr. Ezeamalu was nominated…

Kwara State governor, Abdulfatah Ahmed

Kwara gives N1 billion to local Governments from N5.1 billion share of Paris Club refund

The Kwara State Governor, Abdulfatah Ahmed, has approved the release of N1 billion to local government councils in the state to offset part of their salary arrears. The State Commissioner for Finance, Demola Banu, in a statement released in Ilorin, said the sum is part of the N5.1 billion received…

Nigerian Army

Many saved as Nigerian Army ‘neutralises’ four suicide bombers in three days

The Nigerian Army says its troops in Borno have intercepted and neutralised no fewer than four suspected suicide bombers between Sunday and Tuesday. The Director of Army Public Relations, Sani Usman, said in a statement on Wednesday that one of the bombers was intercepted at Dala as he attempted to…

IMG-20170718-WA0033

Lagos lawmaker is dead

A member of the Lagos State House of Assembly, Kazeem Alimi, is dead. The lawmaker who represented Eti Osa State Constituency 1 in the Assembly died on July 18, two weeks after his 50th birthday after a brief illness. A statement by Musbau Razak, Chief Press Secretary to the Speaker…

Tokunbo Abiru

We’ve recovered N60bn debt, stabilized Skye Bank, Says CEO Abiru

The Management of Skye Bank says it has in its efforts to stabilize the bank, successfully implemented cost management initiatives which has enhanced liquidity and efficient service delivery to its customers since the regulatory induced take-over of the bank one year ago. The bank also noted that it has as…

An Etisalat Office

It’s official: Etisalat Nigeria formally announces 9mobile as new name

Days after PREMIUM TIMES reported that troubled mobile telecom firm, Etisalat had adopted 9mobile as its new trade name, its successor company, Emerging Markets Telecommunication Services Limited, EMTS, on Tuesday formally confirmed the development. “Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its…

officials at the burning

NDLEA destroys illicit drugs worth N250 million

The National Drug Law Enforcement Agency, NDLEA said it has destroyed 24,304 kilogrammes of assorted forfeited narcotic drugs seized within the Federal Capital Territory, Abuja. The exercise is sequel to two destruction orders signed by judges, Nnamdi Dimgba and A. Abdulkafarati of the Abuja Division of the Federal High Court.…

FORMER NATIONAL SECURITY ADVISER (NSA), RETIRED COL. SAMBO DASUKI REACTS 

AT THE HIGH COURT OF THE FEDERAL CAPITAL TERRITORY WHERE HE IS STANDING TRIAL OVER 

ALLEGED MISAPPROPRIATION OF N32BN ARMS FUND IN ABUJA ON FRIDAY (22/1/16). THE CASE 

WAS ADJOURNED TILL FEB. 4 FOR THE HEARING OF THE EX-NSA’S APPLICATION FOR STAY OF 

PROCEEDINGS.
0399/22/1/2016/HF/BJO/NAN

Boko Haram: Presidency replies Dasuki, denies Jonathan did more

The Presidency has reacted to claims by the former National Security Adviser, Sambo Dasuki, that the former Goodluck Jonathan administration cleared the Northeast of Boko Haram terrorists to make elections possible in 2015. In a press statement issued by Presidential spokesperson, Media and Publicity, Garba Shehu, on Monday, the presidency…

Pic.34. From left: Deputy Chairman (North), All Progressives Congress (APC), Sen. Lawal Shuaibu; APC National Chairman, Chief John Odigie-Oyegun; and the National Secretary of the party, Alhaji Mai Mala Buni, during a meeting between the APC Governors and the party’s National Working Committee, in Abuja on Wednesday (24/5/17).
02781/24/5/2007/Hogan-Bassey/BJO/NAN

PDP must address image problem before thinking of returning to power — APC

The All Progressive Congress has dismissed the statement by the Peoples Democratic Party that the opposition party was poised to returning to power in 2019 following last week’s resolution of its leadership crisis. In a statement on Sunday by its spokesperson, Bolaji Abdullahi, the APC said the main opposition party…