News
Edo Assembly approves N409.2 billion supplementary budget for Obaseki

Barely five months after assenting to the 2024 appropriation bill by the Edo State Governor, Godwin Obaseki, the State House of Assembly has shored up the budget to N409, 217,894,248,87 billion.
The governor had on December 22, 2023, assented to N342.825,969,909,21 billion appropriation bill, which was N17.5 billion higher than the N321.4 billion earlier presented to the House.
The raising of the budget to N409.2 billion was sequel to the House’s consideration and approval of the Governor Obaseki’s letter requesting a revision of the 2024 budget.
The lawmakers, while speaking in favour of the revised/supplementary budget, noted that it would enable the governor to finish his eight-year administration of the state well.
Moving the motion, Charity Aiguobarueghian, the Majority Leader of the House, noted that the supplementary budget was necessary for the state government to get legislative backing for the implementation of the N70,000 new minimum wage approval for the state’s workers recently.
Charity, also opined that it would also allow the governor to complete all the ongoing projects awarded.
Other lawmakers that spoke in favour of the supplementary budget include, Maria Edeko (PDP), the deputy speaker, Eric Okaka, (APC), the minority leader of the House, Eigbiremonlen Fada Sunday, (PDP), Esan Central and Ugabi Kingsley Oghenakhogie (APC), Etsako East constituencies.
They all noted that, if approved, the revised supplementary budget would give the government the financial enablement to complete all ongoing projects and thereby eliminate cases of abandoned projects.
The House, at the committee of the whole, however, shored up the 2024 fiscal year budget to N409.2 billion, an increase of N66.4 billion.
In the new supplementary budget, recurrent expenditure is now N182, 446,255,325, 16 billion, while capital expenditure stood at N226, 771, 634, 923, 71billion as against the earlier assented budget of N154, 276,225,868,96 billion and N188,549,744,040,26 billion, respectively.
The Speaker of the House, Blessing Agbebaku, who summed up the deliberation, said a clean copy of the approval will be sent to the state governor for his assent.
News
IGP Egbetokun orders his men to resume issuance of tinted glass permits

The Inspector-General of Police, Kayode Egbetokun, the Nigeria Police Force has directed his men to resume the issuance of tinted glass permits across the country.
This development was announced in a statement released on Wednesday by the Force Public Relations Officer, Olumuyiwa Adejobi.
According to the Force spokesperson, the move comes in response to rising concerns and complaints from the public over the harassment of vehicle owners by law enforcement agents for using factory-fitted tinted windows.
“The Nigeria Police Force, under the directive of the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has reactivated the issuance of Tinted Glass Permits (TGP) nationwide through a secure and user-friendly digital platform.
“This initiative comes in response to widespread public complaints about the harassment of motorists over the use of tinted windows and reflects the need for a clear, transparent, and accountable process for regularising factory-fitted tinted glass on vehicles”, the statement partly read.
Highlighting the prevalence of modern vehicles designed with tinted windows for comfort and aesthetics, the police emphasised the importance of having a formal system to regulate usage.
“With modern automobiles increasingly manufactured with tinted windows, it has become essential to provide a standardised system that accommodates legitimate use while ensuring public safety.
“Tinted vehicles have often been exploited for criminal purposes, including kidnapping, armed robbery, ‘one-chance’ scams, and other forms of banditry”, Adejobi explained.
According to the statement, the abuse of tinted windows by criminals creates operational challenges for law enforcement and compromises national security.
In addition, he explained that law enforcement will begin active implementation after the grace period, and the police warn that officers who misuse the enforcement process will be sanctioned.
“Enforcement will commence at the end of this period. Officers found engaging in unprofessional conduct, such as extortion or harassment, in the course of enforcement will be decisively dealt with in accordance with extant disciplinary procedures”, he said.
News
Spokesperson Warns Nigerians Against Fake Ministry Of Foreign Affairs Recruitment Scam

By Gloria Ikibah


News
CBN announces revised documentation requirements for PAPSS transactions

The Central Bank of Nigeria (CBN) has announced a revised documentation requirement for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.
This was disclosed in a statement issued by the apex bank’s acting Director, Corporate Communications, Mrs. Hakama Sidi Ali
The CBN said the new initiative is part of its ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa.
Launched by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) secretariat in January 2022, PAPSS serves as a centralized payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.
By facilitating payments in local currencies, PAPSS minimizes reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA.
In a recent circular referenced TED/FEM/PUB/FPC/001/006 issued on April 28, 2025, CBN outlined the key changes to the documentation requirements associated with PAPSS transactions.
The key changes it added take effect immediately and include simplified documentation for low-value transactions, which allows customers to now use basic KYC and AML documents provided to their authorized dealer banks for low-value transactions of up to $2,000 and $5,000 equivalent in naira for individuals and corporate bodies, respectively.
“For transactions above the thresholds, all documentation as stipulated in the CBN foreign exchange manual and related circulars remains mandatory,” the bank said.
Also, the CBN added that applicants are responsible for ensuring all regulatory documents are available to facilitate the clearance of goods, as required by relevant government agencies.
“Authorized dealer banks may now source foreign exchange for PAPSS settlements through the Nigerian foreign exchange market, without recourse to the CBN.
“All export proceeds repatriated via PAPSS shall be certified by the relevant processing banks.
“The Central Bank of Nigeria urges all banks to adopt PAPSS and commence originating transactions in line with this new policy.
“In addition, CBN encourages exporters, importers, and individuals to familiarize themselves with the new requirements and leverage PAPSS for cross-border transactions within Africa,” the statement said.
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