The Office of the National Security Adviser (ONSA) has confirmed that a suspect in the ongoing criminal probe into the activities of Binance in Nigeria, Nadeem Anjarwalla escaped from lawful custody last Friday. In a statement on Monday, the Head of Strategic Communication in the Office of the National Security Adviser, Zakari U. Mijinyawa said: “Upon receiving this report, this …

In fulfilment of a major plank of his seven-point agenda to create a new security architecture to secure mining sites, the Minister of Solid Minerals Development, Dr. Dele Alake has unveiled a 2,200-strong Mines Marshal to smoke out illegal miners and all those who flout the nation’s mining laws. Formally receiving the marshals drawn from the Nigeria Security and Civil …

The Minister of Solid Minerals Development, Dr. Dele Alake has urged mining professionals to groom younger cadres to sustain the development of the nation’s mining sector. Giving the keynote address at the annual conference of the Nigerian Mining and Geosciences Society (NMGS) on Tuesday, Alake hailed the professional services rendered by mining engineers and geologists in areas of exploration and …

The Minister of Solid Minerals Development, Dr. Dele Alake has affirmed the resolve of the Federal Government to foreclose the acquisition of mining licenses by prospective investors without requisite plans for local value addition. While playing host to members of the House Committee on Solid Minerals on oversight visit to the ministry, Alake applauded the lawmakers for their support in …

Consumer prices remain stubbornly elevated in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate, which was a negative surprise to analysts, outpaced the Bloomberg consensus …

The Nigeria Customs Service (Tin Can Island Port command), Lagos have intercepted a large quantity of assorted arms, ammunition, heroine, cannabis, amongst others, in their renewed efforts to curb illicit imports into the country. Area Controller of the Command, Comptroller Deira Nnadi, who disclosed this at a press conference on Friday, said the seizures included 12 rifles pump action guns, …

President Bola Tinubu has directed the Federal Ministry of Communications, Innovation, and Digital Economy; the Federal Inland Revenue Service (FIRS), and the Federal Ministry of Environment to align regulations and tax frameworks to facilitate investment expansion in telecommunications and broadband infrastructure nationwide. The President issued the directive at a meeting with a delegation from American Tower Corporation (ATC) Nigeria at …

The Minister of Finance and Coordinating Minister of the Economy, Chief Wale Edun has blamed the current inflation in the country on printing of trillions of Naira “without productivity” during the administration of President Muhammadu Buhari, which ended last 29th May. During an interface with the Senate Committee on Finance on Wednesday, the minister said: “We are going to audit …

Former President Olusegun Obasanjo, on Monday, advised that Nigeria should approach the government of Zimbabwe for a solution to the current all-time high inflation in the country. He noted that since Zimbabwe was recently confronted with the same problem and came out of it, the southern African country would have useful advice for Nigeria. In its latest release, the National …

The African Development Bank Board (AfDB) of Directors has approved $134 million for Nigeria to implement an emergency food production plan, AfDB President Akinwumi Adesina has said. According to him, talks are also ongoing for a $1.7 billion economic and budget support loan as well as the launch of a $1 billion agro-industrial processes in 28 states. Adesina made the …