President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN). Cardoso replaces the former Governor of CBN, Godwin Emefiele as the head of the apex bank. He will serve for a term of five years at the first instance, pending his confirmation by the Nigerian Senate. Tinubu in a statement issued Friday by his Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said the directive was in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests…
Author: Hints News
The Speaker of the House of Representatives, Hon. Abbas Tajudeen and the Honourable Minister of State for Labour and Employment, Barr. Nkeiruka Onyejeocha Thursday met in Abuja. Though the details of the meeting was sketchy, it might not be unconnected to a recent media report alleging that the Governor of Imo State, Hope Uzodinma and Onyejeocha were plotting to unseat Abbas. Though in a swift response, Onyejeocha had through her media aide, Emameh Gabriel, described the report false as baseless and mischievous and one that was coming from her detractors who have become so uncomfortable with her appointment as a…
The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, had said that the acquisition of OVH Energy was done in accordance to the Petroleum Industry Act (PIA). Kyari, who spoke on Friday at the resumed investigative hearing of the Ad-hoc Committee on the acquisition of OVH Energy by NNPCL said the organisation did nothing wrong in the acquisition as it was purely a business decision that has begun to yield results in less than one year after it was done. The NNPC GMD added that the PIA also mandated the company to be the…
Troops of the Joint Task Force Northwest Operation Hadarin Daji Thursday rescued 17 kidnapped victims and recovered large numbers of rustled cattle in the ongoing operation in Zamfara state. Force Information Officer, Operation Hadarin Daji, Captain Yahaya Ibrahim, in a statement issued Friday said, the troops also rescued 2 victims and the commercial vehicle carrying food stuff along corner Jollof in Shinkafi LGA of Zamfara state. According to him, These were achieved recently, on 14 September 2023, the Joint troops of Operation HADARIN DAJI (OPHD) in Zamfara state while acting on a distress call thwarted kidnap attempt, rescued 2 victims…
Nollywood Actor, Lekan Olatunji has lost his wife to the cold hands of death. The cause of the death is not yet known as of the time of filing this report. Details later…
The Debt Management Office (DMO) has revealed that Nigeria’s total public debt hit N87.38 trillion at the end of the second quarter of 2023. The DMO in a report on Thursday revealed that the current debt stock of N87.38 trillion exceeded its projection by N10.38 trillion. It noted that the debt includes the N22.71 trillion Ways and Means Advances of the Central Bank of Nigeria (CBN) to the federal government. A breakdown of the country’s debt showed that Nigeria has a total domestic debt of N54.13 trillion and total external debt of N33.25 trillion. A further breakdown revealed that the…
The Transmission Company of Nigeria (TCN) has assured Nigerians that efforts were in top gear to restore power supply. The national electricity grid had collapsed in the wee hours of Thursday, the first of such collapse in the administration of President Bola Tinubu, leading to supply disruption by all the distribution companies (Discos) and plunging Nigerian homes and businesses into blackout. However, TCN in a statement issued Thursday by its General Manager, Public Affairs, Ndidi Mbah, disclosed that the system collapse was caused by a fire incident that occurred on Kanji/Jebba 330kv line 2. Mbah stated, “The TCN hereby notes…
West Africa’s largest carrier, Air Peace, Thursday in Abuja finalised negotiations with OEM, a Brazilian manufacturer Embraer, to to buy five E175 regional jets with options for five more. The Chairman and CEO of Air Peace, Allen Onyema, disclosed this at a Summit in Abuja that the MRO agreement was in line with a new initiative by the minister, Festus Keyamo, to ensure fleet growth would be matched by inward investment in service support. He said was good for Nigeria, good for West Africa and good for the whole of Africa. Speaking to journalists on the sidelines, shortly after the…
The Minister of Aviation and Aerospace Development, Festus Keyamo, says the federal government is currently working on the final details on the United Arab Emirates (UAE) visa issue. This was coming a few days after the UAE lifted its months-long visa ban on Nigerians. Keyamo disclosed this at the closing ceremony of the 7th African Aviation Summit in Abuja. He said that it was crucial for airlines operating between Nigeria and the UAE to have reciprocal rights as per the Bilateral Air Services Agreements. The minister was of the opinion that there was a need for a balanced and fair…
The Economic and Financial Crimes Commission, (EFCC) has secured the conviction of Miracle Osag (a.k.a Cynthiaray), Joshua Omotayo ( a.k.a Christopher Wittland), Victory James ( a.k.a Michael Lan Rosales), Yunus Abdulwasiu ( a.k.a Gloria Mathew) and Anita Yusuf before Justice N.U Sadiq of the Kaduna State High Court sitting for offences bordering on internet fraud and obstruction. The anti-graft agency in a statement issued Thursday said they were arrested at different locations in Kaduna by the Kaduna Zonal Command of the commission based on intelligence indicating that they defrauded unsuspecting victims of their hard-earned money. The charges read: “That you,…