Category Archives: FEATURE

In a decisive move to stabilize the foreign exchange market and curb speculative activities, the Central Bank of Nigeria (CBN) has announced the extension of its $25,000 weekly forex sales to Bureau De Change (BDC) operators until May 30, 2025.The announcement, made via the official X handle of Nigerian Stories, underscores the apex bank’s continuedContinueContinue reading “JUST IN: CBN Extends $25,000 Weekly Forex Sales to BDCs Until May 30 Amidst Naira Stabilization Efforts”

The Nigerian Education Loan Fund (NELFUND) has dismissed claims that it has disbursed a staggering N104 billion to 600,000 beneficiaries under the Student Loan Scheme, labeling such reports as false and misleading.This clarification follows recent media reports suggesting that President Bola Ahmed Tinubu had announced the figures during the 33rd Convocation Ceremony of the FederalContinueContinue reading “NELFUND Debunks Reports of Disbursing N104 Billion in Student Loans to 600,000 Beneficiaries”

Nigeria Stories, via its official X handle, has reported that pensioners across the country are calling on the Federal Government to urgently implement the N32,000 pension increment in line with the National Minimum Wage (Amendment) Act, 2024.The demand comes amid growing economic hardship and inflationary pressures that have significantly eroded the purchasing power of retirees.ContinueContinue reading “Pensioners Demand Immediate Implementation of N32,000 Increment Under New Minimum Wage Act”

In a decisive move to address Nigeria’s crude oil supply challenges, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil companies, declaring that export permits will be denied for crude oil cargoes meant for domestic refineries. This crackdown follows the consistent failure of oil producers to meet the Domestic CrudeContinueContinue reading “NUPRC Cracks Down on Crude Oil Exports, Enforces Strict Domestic Supply Compliance”

In a dramatic turn of events, First Bank of Nigeria has taken to its official X handle to announce that it has filed an appeal against the discharge of a Mareva order against Global Hydrocarbons, an oil and gas firm entangled in a multi-million-dollar financial dispute. The banking giant has also sought an injunction and/orContinueContinue reading “First Bank Appeals Court’s Decision to Lift Asset Freeze on Global Hydrocarbons, Vows to Pursue Legal Remedies”

A disturbing and shocking incident of public humiliation and alleged assault has come to light, as a 73-year-old man, Chief Abraham Areola, accuses the Olorile of Orile Ifo, Oba Semiu Ogunjobi, of brutally beating him in broad daylight. The elderly man, who was reportedly assaulted over a chieftaincy dispute, is now calling for justice andContinueContinue reading ““Ogun Monarch Denies Assault Allegations as 73-Year-Old Man Seeks Justice After Brutal Public Beating””

The removal of Nigeria’s longstanding fuel subsidy has triggered a seismic shift in the oil sector, with petroleum marketers resorting to massive bank borrowings to sustain operations—ultimately transferring the burden to motorists.Against the backdrop of skyrocketing product procurement costs and surging bank interest rates, oil marketing firms recorded a staggering 76.5% increase in bank borrowings,ContinueContinue reading “Subsidy Removal Fallout: Oil Marketers Ramp Up Borrowing, Pass Costs to Struggling Motorists”

In a shocking drug trafficking bust, a 59-year-old Nigerian businessman, Chijioke Nnanna Igbokwe, has undergone emergency surgery to remove 57 out of 81 cocaine pellets lodged in his stomach. The surgery, performed at a Lagos hospital, was necessitated after he failed to excrete the illicit drugs for seven days following his return from Ethiopia.Igbokwe wasContinueContinue reading “Nigerian Businessman Undergoes Emergency Surgery to Remove 81 Cocaine Pellets from Stomach”

Two prominent organizations have strongly criticized the Minister of State for Defence, Hon. Bello Matawalle, over his recent remarks accusing former Rivers State Governor, Chibuike Rotimi Amaechi, of inciting the public against the Federal Government.The Initiative for Transparent Strategy and Good Leadership (ITSGL) condemned Matawalle’s comments, describing them as politically motivated and an attempt toContinueContinue reading “Amaechi Not a Threat to Nigeria’s Peace, But a Champion of Democracy – Groups Fire Back at Matawalle”

The Nigerian and African-American communities in the United States have been thrown into mourning following the tragic death of 36-year-old Nigerian-born cardiologist, Dr. Ikenna Erinne, who allegedly took his own life after losing a bitter child support battle.According to reports, the Anambra State-born medical professional, who had spent years building a successful career in theContinueContinue reading “Tragic End: US-Based Nigerian Cardiologist Takes Own Life Over $15,000 Child Support Ruling”