Category: Economy

Economy, Featured, LifeStyle, News, News Now

Federal govt to distribute over 1million prepaid meters free for stable power supply

The federal government has imported over 1million prepaid meters to distribute free of charge to Nigerians, as part of its efforts to ensure a stable power supply. Minister for Power, Alhaji Sale Mamman announced this at the commissioning of 132/33 KVA transmission sub-station at Gagarawa local government area of Jigawa State, said the present administration under President Muhammadu Buhari is committed to improving power in … Continue reading Federal govt to distribute over 1million prepaid meters free for stable power supply

CybokNewsLeave a comment
Economy, Featured, LifeStyle, News, News Now

National Gas Expansion Programme: President Buhari to launch autogas scheme Dec 1

Driven by its desire to reduce high reliance on petrol and achieve a cleaner environment, the Federal Government gas concluded plans to launch Nigeria’s autogas scheme in Abuja on December 1, 2020 In his presentation – Natural Gas: The  Catalyst for Nigeria’s Economic Renaissance – at the stakeholders’ engagement over the weekend in Lagos obtained by Vanguard, Chairman, National Gas Expansion Programme, NGEP, Dr. Mohammed … Continue reading National Gas Expansion Programme: President Buhari to launch autogas scheme Dec 1

CybokNewsLeave a comment
Business, Economy, Featured, LifeStyle, Money, News, News Now

CBN devalues Naira, fixes dollar sale at N392

The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank. In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add N6 across all rates. The circular … Continue reading CBN devalues Naira, fixes dollar sale at N392

CybokNewsLeave a comment
Economy, Featured, LifeStyle, News, News Now

Labour set for showdown as AGF refuses to retire after 60th birthday

Members of the Association of senior Civil Servants of Nigeria, ASCSN has vowed to occupy the Office of the Accountant-General of the Federation in Garki II District of Abuja from Monday until he leaves office. The Union in a statement says it has concluded mobilisation if its members to storm the Office in order to assist him proceed on retirement. The AGF turned 60 years … Continue reading Labour set for showdown as AGF refuses to retire after 60th birthday

CybokNewsLeave a comment
Economy, Featured, LifeStyle, News, News Now

We Deliberately Shut Down Refineries – NNPC GMD

he Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the country’s refineries were shut down despite maintenance carried out because crude could not be supplied to them through the vandalized pipelines. This was contained in the 2021 budget proposal Kyari presented to the House of Representatives Joint Committee on Petroleum Upstream, Downstream and Gas. The News Agency of Nigeria … Continue reading We Deliberately Shut Down Refineries – NNPC GMD

CybokNewsLeave a comment
Crime, Economy, Featured, Judiciary, LifeStyle, News, News Now

Three traders sentenced to death for armed robbery

Three traders, Ikechukwu Chukwu, Obieze Sylvanus and Chidiebere Obi, have been sentenced to death by hanging by an Ondo State High Court. They were arraigned on a seven-count charge bothering on conspiracy and armed robbery. The three traders were alleged to have in 2017 raided 11 houses one night as well as terrorise residents around Isolo axis and Adegbola area of Akure Luck ran out … Continue reading Three traders sentenced to death for armed robbery

CybokNewsLeave a comment
Crime, Economy, Featured, Judiciary, LifeStyle, Money, News, News Now

EFCC Arraigns Comptroller of Prisons for Employment Scam

Abubakar Mohammed Sani, a serving Deputy Comptroller of Nigerian Correctional Service, NCoS, was today arraigned by the Economic and Financial Crimes Commission, EFCC, before Justice Hadiza Sabi’u Shagari of the Federal High Court Katsina on a six count charge of conspiracy and obtaining by false pretense. The defendant allegedly used his position as an officer of the Katsina Command of the Nigerian Prisons Service (as … Continue reading EFCC Arraigns Comptroller of Prisons for Employment Scam

CybokNewsLeave a comment
Crime, Economy, Featured, LifeStyle, Money, News, News Now, Politics

2023: PDP Berates Fashola, Tasks Minister to Respond to N4.6bn Fraud Allegation

The Peoples Democratic Party (PDP) has asked the Minister of Works and Housing, Babatunde Fashola, not to hide under the disagreements and confusion in his party over 2023 election, to divert attention from reports of how N4.6 billion public fund was diverted into private bank accounts during his tenure as Minister of Power, Works and Housing. The PDP however describes as disheartening that a highly … Continue reading 2023: PDP Berates Fashola, Tasks Minister to Respond to N4.6bn Fraud Allegation

CybokNewsLeave a comment
Economy, Featured, Foreign News, LifeStyle, Money, News, News Now, Sports

Diego Maradona ‘Died Poor’ With ‘Just £75,000 Cash In His Account

Diego Maradona ‘died poor’ with ‘almost nothing left in his bank account’, it has been claimed. Maradona, who died from a heart attack at the age of 60 on Wednesday, squandered much of his vast fortune through a combination of a life of excess and having his money ‘stolen’ by people who took advantage of his remarkable generosity, according to a report in Italian newspaper … Continue reading Diego Maradona ‘Died Poor’ With ‘Just £75,000 Cash In His Account

CybokNewsLeave a comment
Crime, Economy, Featured, Judiciary, LifeStyle, News, News Now

Court orders release of Sen. Ndume from Kuje prison

A Federal High Court in Abuja has granted bail to Senator Ali Ndume, who was ordered on Monday to be remanded in Kuje Correctional Centre, Abuja for failing to produce former Chairman, defunct Pension Reformed Task Team (PRTT), Abdulrashed Maina, for who he stood surety. Ndume, who represents Borno South Senatorial District, was remanded in the prison custody after the court found that Maina has … Continue reading Court orders release of Sen. Ndume from Kuje prison

CybokNewsLeave a comment