Monday, January 17, 2022
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The Central Bank of Nigeria (CBN) has expressed serious opposition to a lawsuit before a Federal High Court in Lagos seeking the removal of Arabic inscriptions on naira notes. It all began when Malcolm Omirhobo, a Lagos-based lawyer, opined that the Arabic words portrayed Nigeria as an Islamic country, which...
It’s no longer news that some #Endsars protesters' bank accounts have been frozen. This, Unmask NG, learnt might be unconnected to their involvement in the nationwide protests against police brutality in Nigeria. While the Central Bank of Nigeria (CBN) secured court approval to restrict the protesters' accounts, the protesters can...
The Central Bank of Nigeria (CBN) has disclosed the types of businesses that are qualified to access Federal Government’s N75 billion Youth Investment Fund. The businesses, according to the apex bank, are -Technology/Innovation; agriculture and related value chain; green economy and renewable energy sector; manufacturing, hospitality/tourism; construction and logistics and...
The European Union (EU) has reiterated support for Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, to become the next Director-General of the World Trade Organisation (WTO). During a video conference with President Muhammadu Buhari, the President of the European Council, Charles Michel, gave the re-assurance to ensure that the Nigerian...
No less than 4,000 unemployed youths in Lagos, will get N40,000 monthly stipends from Lagos state government, as Governor Babajide Sanwo-Olu approved an internship programme for them. Yetunde Arobieke, the Honourable Commissioner for Wealth Creation and Employment, made this disclosure via a statement she shared on social media. In the statement,...
Despite opposition from the US government, most European Union member states have continued to express their support for Nigeria’s former finance minister, Ngozi Okonjo-Iweala, as the next director-general of the World Trade Organisation. The WTO’s effort to select a new leader by consensus hit a brick wall on Wednesday after...
Contrary to claims by Governor Yahaya Bello of Kogi State on a popular programme on Channels TV that his state was not among those, whose warehouses were looted by indigenes to cart away the allocated CACOVID palliatives, a source within the government circle has revealed that this wasn’t the...
The retail pump price of petroleum may be experiencing a further increase as the Federal Government is considering the adding of cost of managing the national strategic stocks of petroleum products to the retail price of the commodities. According to a reliable report made available to Unmask NG, the proposal...
Lagos Deputy Governor, Obafemi Hamzat has announced that the state government under the leadership of Governor Babajide Sanwo-Olu, would support owners of stores that were vandalised by hoodlums during the recent civil unrest in some parts of the state. Hamzat, who took to his Twitter page to make this promise,...
Former Governor of Lagos state, Bola Tinubu has denied being involved in the Lekki massacre of peaceful protesters in Lagos on Tuesday, October 20, 2020. Recall that on Tuesday, October 20, 2020, dozens of people suffered life-threatening injuries while others are feared dead, as armed men in military uniforms stormed...