News Update

Foreign Affairs Minister, Yusuf Tuggar has written all the foreign missions in the country to comply with the directive of the Economic and Financial Crimes Commission, EFCC, to charge payment for visa and consular services in naira instead of dollar. Tuggar has already met with a few envoys who sought more clarifications on the EFCC’s advisory.

A medium range aircraft, Embraer 145, belonging to a premium services provider, Xejet Airlines, skidded off the runway and plunged into the grass areas of Runway 18Left of Lagos Airport on Saturday. The aircraft with 52 passengers and the crew members on board departed Abuja Airport before the incident at the runway of Lagos Airport.
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 Kogi State Governor, Usman Ododo, has blamed internal saboteurs for Thursday’s abduction of students of Confluence University of Science and Technology, Osara. The governor said preliminary investigation revealed that all the CCTV cameras installed in the school were switched off during the attack.
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. The federal government has said that the introduction of Compressed Natural Gas, CNG, buses under the Presidential CNG Initiative, PCNGI, will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance Minister and Coordinating Minister of the Economy, Mr. Olawale Edun, expressed this view in Lagos on Saturday.
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Authorities of the Nigerian Army have launched a probe into how some soldiers kept in guard rooms (detention) for various offences broke the facility located at the 8 Division Garrison, Sokoto. It also said it would go ahead to implement the directive of the Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja, to look into the state of all Nigerian Army detention facilities.
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President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the country.
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 Former National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus, has accused the Minister of the Federal Capital Territory, Nyesom Wike, of being the mastermind of the current charged political atmosphere in Rivers State. He alleged that Wike had instructed his aides and political associates to continuously malign and sabotage the peace, progress, and prosperity of Rivers State.
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The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received via two major development projects. The first project is the Nigeria Reforms for Economic Stabilization to Enable Transformation Development Policy Financing, which is set to receive $1.5bn.
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No fewer than 17 persons were on Saturday injured in multiple road crashes on Ota-Idiroko Road. It was learnt that 15, out of the 32 persons involved in the accident which occurred at 8:55 am around Iju Bridge, managed to escape unhurt.

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