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LAS LAS! (Part II)

By Toyin Falola   According to the United Nations Office on Drugs and Crimes (UNODC), 14.4 per cent of Nigerians abuse drugs, as reported in a June 23, 2021, article in the Vanguard Newspaper. The National Drug Use Survey conducted in 2019 by NAFDAC revealed that more than 10 million …

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The New CBN Policy and the Talibanisation of the Political Economy

By Adewale Adeoye       The Central Bank of Nigeria (CBN) says you can’t take more than N20,000 out of your own money in one day. Corporate groups that want to buy a fridge urgently won’t be able to do so. They need to wait for days. They claim …

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CBN Limits ATM Withdrawal To N100,000 Weekly

The Central Bank of Nigeria has  directed  money banks and other financial institutions  to limit  ATM cash withdrawal by individual and corporate organization to N100, 000 and N500,000  per week respectively. The directive is contained in a circular issued by the bank on Tuesday. The CBN said the policy will …

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Chatham House: Tinubu speaks on election, promises reform

  The presidential candidate of the ruling All Progressives Congress (APC), Bola Tinubu, has said the incessant attacks on the facilities of the Independent National Electoral Commission (INEC) is a source of concern for the forthcoming 2023 general election. Speaking at Chatham House in the United Kingdom on Monday, he …

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Makinde promises to tap into agric potential of Ogbomoso

Ogbomoso is to benefit from the plan of the state government to make agriculture sustainable in Oyo State. Speaking at the inaugural Ogbomoso Economic and Investment Summit, Governor Seyi Makinde said the government will tap into the potential of the town. The governor, who was represented by Mr Seyi Adeleye, …

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Bauchi, Gombe clash over new oil wells

Bauchi and Gombe States have reportedly drawn battle lines over the ownership of the Kolmani Oil and Gas field as both states are laying claims to the oil wells.   Officials and residents of the two states have also accused each other of attempting to appropriate the site which is …

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10 countries to participate in Calabar Carnival, says Commissioner

No fewer than 10 countries are expected to participate in the 2022 Annual Calabar Carnival, according to  Mr Eric Anderson, Commissioner for Culture and Tourism Development, Cross River State. He said in an interview with the News Agency of Nigeria (NAN) in Abuja that after a two-year break caused by …

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FIFA honours Nigerian journalist Kunle Solaja for covering nine World Cups

Mr. Kunle Solaja, Nigerian journalist and publisher of Sports Village Square, has been honoured by FIFA, in collaboration with the International Sports Press Association (AIPS), for his coverage of nine World Cup tournaments.  The ace sports journalist was celebrated alongside 81 others in a ceremony held in Doha, Qatar, on …

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Adeleke dissolves all non-statutory boards

The Osun State governor, Ademola Adeleke, has ordered the immediate dissolution of all non-statutory boards in the state. The governor’s spokesperson, Olawale Rasheed, in a statement said  the directive was conveyed to Heads of Ministries, Departments and Agencies by Mr Teslim Igbalaye, the Secretary to the State Government. “As a …

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$15.4b lost to oil production shortfalls in 2022

Nigeria’s oil production averaged 1.34 million barrels per day in the first 10 months of 2022 against the 2022 Budget benchmark of 1.88 million barrels per day, costing the nation about 161.58 million barrels in lost production. At an average crude oil price of $95 per barrel, it means the …

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