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The approval was granted during the State Executive Council Meeting on Friday evening at the government house in Port Harcourt. File photo of the Rivers State House of Assembly. The Rivers State Government has approved N19.5 billion for the reconstruction of the State Assembly Chambers, which were demolished amid the political crisis in the state. […]
Nigeria’s current account balance has risen to $1.432 billion in 2024, despite the economic downturn impacting the country, according to the International Monetary Fund’s World Economic Outlook. The IMF data suggests a positive outlook for Nigeria’s economic growth and stability, reflecting a growing economy with increasing investment and savings, even amid eroding investor confidence. Nigeria’s […]
NAFDAC DG, Prof. Mojisola Adeyeye The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its warning against using hazardous chemicals to preserve food items. The agency has specifically banned dichlorvos, a chemical often used by traders to prevent food spoilage, due to its severe health risks. In a statement signed by […]
Peter Obi On Saturday, the Labour Party’s presidential candidate, Mr. Peter Obi, urged Nigerians not to let desperate politicians divide them along religious and ethnic lines, especially during elections. He made this appeal after receiving the 2024 Courageous Citizen Award at an event in Abuja organized by the Nigerian-American Coalition for Justice and Democracy. Represented […]
On Monday, the Naira saw significant appreciation in the official market, trading at N1,339.33 to the dollar. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N143.48, a 9.67 percent increase compared to the previous trading day, Friday, May 24, 2024, when it traded at […]
Real Madrid Real Madrid defeated Borussia Dortmund 2-0 on Saturday to clinch the UEFA Champions League title at Wembley Stadium. This victory marks Real Madrid’s record 15th Champions League win, with their previous triumph in the 2021-2022 season. Despite a strong first half from Dortmund, Real Madrid took control in the second half. Dani Carvajal […]
Nobel Laureate, Professor Wole Soyinka, has announced that he may reapply for the restoration of his US permanent residency following the conviction of former US President Donald Trump. On Thursday, Trump was convicted on all 34 charges of falsifying business records to conceal a payment meant to silence porn star Stormy Daniels. In 2016, Soyinka […]
Marwa expressed satisfaction with the continuing collaboration between the NDLEA and the Thai embassy regarding visa clearance certificates. The number of Nigerians imprisoned in Thailand for drug trafficking has decreased by 75 percent, according to an estimation by Channels Television based on statistics from the National Drug Law Enforcement Agency (NDLEA). A statement from NDLEA’s […]
Labour Party Caucus Criticizes Tinubu’s Leadership Amid Economic Decline The Labour Party (LP) Caucus in the House of Representatives has expressed concern over Nigeria’s economy, which they claim has been in a “dangerous free fall” since President Bola Tinubu assumed office a year ago. In a statement signed by their leader, Afam Ogene, the lawmakers […]
Metal Manufacturing Nigeria Limited (MMNL) Expands to Dominate Tubular Battery Market and Diversify Ventures Metal Manufacturing Nigeria Limited (MMNL) is not just Nigeria’s largest tubular battery company; it is also diversifying into multiple business verticals, including backward and forward integration and mining, to stay ahead of its competitors. To meet the rapidly growing demand in […]
Atiku made this comment in his appraisal of President Tinubu’s first year in office. COMBO: President Bola Tinubu and former Vice-President Atiku Abubakar Former Vice President Atiku Abubakar criticized President Bola Tinubu for not fulfilling his promise to grow the nation’s economy and alleviate Nigerians’ suffering. After taking office last May, Tinubu implemented various reforms […]
She also noted the revenue increase to ₦430 million for the Lagos International Trade Fair Complex. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that Nigeria secured over $30 billion in investment commitments over the past year. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, announced that Nigeria secured over $30 billion […]
The Kano High Court on Miller Road has issued an order preventing the police, State Security Service (SSS), and Nigerian military from evicting Emir of Kano, Muhammadu Sanusi II, who was recently reinstated. Justice Amina Adamu Aliyu granted the order, restraining the security agencies from arresting or harassing the emir and his kingmakers. The judge […]
Mr Peter Obi Peter Obi, the Labour Party’s 2023 presidential candidate, will only consider a merger that prioritizes Nigeria’s welfare over mere power acquisition, according to Yunusa Tanko, Chief Spokesperson of Obi-Datti and Director of Media for the Labour Party (LP). In an interview with Channels Television on Monday, Tanko emphasized that Obi seeks alliances […]
Organized Labour in Abia state has issued a 14-day ultimatum to Governor Alex Otti to ensure the full payment of the N30,000 national minimum wage and the N35,000 palliative wage award approved by the federal government for workers in the state. In a letter addressed to Governor Otti by the Nigeria Labour Congress (NLC) Abia […]
The Economic and Financial Crimes Commission (EFCC) has expressed condolences to the family of its third substantive Chairman, Ibrahim Lamorde, who passed away in Egypt on Sunday at the age of 61. Lamorde had traveled to Egypt for medical treatment. In a statement on Sunday, EFCC spokesperson Dele Oyewale conveyed the agency’s shock at Lamorde’s […]
President Bola Tinubu Tinubu’s Inauguration Promises Under Scrutiny After One Year On inauguration day at Eagle Square, Abuja, President Bola Ahmed Tinubu made commitments addressing critical national issues including the economy, security, power, and petrol subsidy. Notably, he declared “subsidy is gone,” a statement that has continued to resonate in economic discussions across Nigeria. Nearly […]
A file photo of Muhammadu Sanusi II Governor Reinstates Sanusi as Emir of Kano After Four-Year Absence Four years after Muhammadu Sanusi II was deposed as Emir of Kano, Governor Abba Yusuf of Kano State has reinstated him to the throne. “With the full support of the kingmakers, I have approved the reappointment of Mallam […]
The Central Bank of Nigeria (CBN) has detailed its ongoing interactions and regulatory measures for financial technology companies (fintechs). CBN Governor Olayemi Cardoso provided this explanation during a press briefing in Abuja yesterday, where he announced a new interest rate. To combat inflation and stabilize prices, the CBN raised its benchmark interest rate, the Monetary […]
Minister of Finance and Coordinating Minister for the Economy, Olawale Edun The Minister of Finance, Wale Edun, has advocated for robust administrative mechanisms and reforms to eliminate waste and corruption in managing public funds. Edun made this call on Tuesday at the 4th Internal Auditors Retreat, themed “Enhancing Efficiency and Effectiveness in the Administration of […]