Author: statereporter
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators at a rate of ₦1,590 per dollar to meet demand for invisible transactions. In a circular titled ‘Sales of Foreign Exchange to BDCs to Meet Retail Market Demand For Eligible Invisible Transactions’, released on Wednesday and signed by W.J Kanya, Acting Director of the Trade and Exchange Department, the apex bank announced that $20,000 will be sold to each eligible BDC at this rate. “This is to inform the Bureau De Change (BDC) Operators and the general public that…
The federal government has filed a new 16-count charge against the former governor of Kogi State, Yahaya Bello, in a case that has intensified scrutiny of his financial dealings. The charges, submitted to a federal high court in Abuja on Wednesday, center around an alleged criminal breach of trust amounting to ₦110,446,470,089. This is in violation of sections 96 and 311 of the Penal Code Law Cap.89 Laws of Northern Nigeria, 1963, and is punishable under Section 312 of the same law. Bello, who is already facing a separate 19-count charge brought by the Economic and Financial Crimes Commission (EFCC),…
The Nigerian Senate has confirmed Justice Kudirat Kekere-Ekun, the highest-ranking justice of the Supreme Court, as the new Chief Justice of Nigeria (CJN), State reporters. Kekere-Ekun, the 23rd Chief Justice of Nigeria, received confirmation on Wednesday following a rigorous two-hour question-and-answer session with senators. State reporters understands that she has been serving in this role on an acting basis since August. During her screening today, Kekere-Ekun was joined by members of the judiciary from different courts and her relatives. The screening process commenced just over 24 hours after President Bola Tinubu reached out to the Senate, requesting that they proceed…
The Nigerian Senate has confirmed Justice Kudirat Kekere-Ekun, the highest-ranking justice of the Supreme Court, as the new Chief Justice of Nigeria (CJN), State reporters. Kekere-Ekun, the 23rd Chief Justice of Nigeria, received confirmation on Wednesday following a rigorous two-hour question-and-answer session with senators. State reporters understands that she has been serving in this role on an acting basis since August. During her screening today, Kekere-Ekun was joined by members of the judiciary from different courts and her relatives. The screening process commenced just over 24 hours after President Bola Tinubu reached out to the Senate, requesting that they proceed…
The National Peace Committee (NPC), chaired by former head of state, Gen. Abdulsalami Abubakar (rtd) and convened by Bishop Matthew Hassan Kukah, has announced plans to convene a national stakeholders meeting in Abuja. This initiative aims to address the myriad of challenges currently facing Nigeria. In a joint statement released by the leaders, the committee highlighted the renewed sense of optimism and desire for change exhibited by Nigerians during the 2023 general elections. This optimism was reflected in the significant increase in voter registration, with 93,469,008 individuals registered for the 2023 elections, compared to just 57,938,945 registered voters in 1999.…
Governor Ademola Adeleke of Osun State has made two significant announcements to support public servants in the state. This was contained in a statement issued by the governor’s spokesperson, Olawale Rasheed, and obtained in Osogbo on Tuesday. Firstly, he has approved a reduction in the number of working days per week to help reduce transportation costs. According to the new schedule, public servants on grade levels 01 to 10 will work three days a week, while those on grade levels 12 to 17 will work four days a week. However, this arrangement excludes essential duty personnel, such as medical staff,…
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has ordered an immediate investigation into allegations of bribery against some of its operatives in a case involving popular crossdresser, Idris Okuneye, better known as Bobrisky. Olukoyede ordered the investigation following the allegation by a social media activist and influencer, Martins Vincent Otse a.k.a VeryDarkMan, that Bobrisky bribed some EFCC officials with the sum of ₦15,000,000 to drop the money laundering case against him and also keep him in a private apartment instead of a normal prison during his jail term for money laundering. State reporters revealed that…
The Federal Government has announced the implementation of a new ₦70,000 minimum wage, effective from July 29, 2024, following an agreement with the Labour Union. The decision, which includes the revision of salary structures for lecturers, doctors, military personnel, and other civil servants, was formalized after the government and labour representatives signed a Memorandum of Understanding (MoU) on Friday. According to a statement issued by the Office of the Head of Civil Service of the Federation (HCSF), and signed by Eno Olotu, Head of Information and Public Relations, the new wage policy was part of resolutions reached during a committee…
Aliko Dangote, President and Chief Executive of Dangote Group, has revealed that petrol produced by his 650,000 barrels-per-day refinery in Ibeju-Lekki, Lagos State, is about 15 percent cheaper than the petrol imported by the Nigerian National Petroleum Corporation Limited (NNPCL). In a recent interview with Bloomberg Television in New York, Dangote clarified the pricing differences after the rollout of gasoline from the refinery on September 15, 2024. He explained that NNPCL purchased petrol from his refinery at a cheaper rate compared to the cost of their imported fuel, though the corporation issued a uniform price for both products. “There wasn’t…
The Edo North senator, Adams Oshiomhole, has opened up on the reason he knelt down before the Oba of Benin, Oba Ewuare II. According to Oshiomhole, he understands and respects the traditional institution of the Benin people, hence the reason for going on his knees before the monarch. He disclosed this while featuring on Channels TV Politics Today on Monday. The lawmaker also noted that the outgoing governor, Godwin Obaseki was a failure. Oshiomhole recounted that Obaseki could not point out any primary or secondary school he built during his eight years as governor. According to him, “I’m excited that…