Reps Demand Reversal of Petrol Price Hike as Talks with Labour Stall

The House of Representatives has called on the federal government to reverse the recent hike in petrol and cooking gas prices. This resolution was reached during plenary on Wednesday following the adoption of a motion co-sponsored by Kingsley Chinda, Aliyu Madaki, and 109 other lawmakers. On 9th October, the Nigerian National Petroleum Company, NNPC, Limited increased the price of petrol across its retail outlets, a move that has sparked public outcry. While presenting the motion,...

Akpabio, Akume Now Rule Nigeria As Tinubu, Shettima Remain Abroad

The President of the Senate, Godswill Akpabio, Secretary to the Government of the Federation, AGF George Akume and the Ministers are in charge of the country’s leadership in the absence of President Bola Ahmed Tinubu and Vice President Kashim Shettima The Presidency, in a statement signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, said a similar situation occurred during President Buhari administration. The statement said both the President and Vice...

Presidency: State Functions Unaffected Despite President, VP’s Foreign Travels

The presidency has responded to concerns over the simultaneous absence of President Bola Ahmed Tinubu and Vice President Kashim Shettima from the country, clarifying that their absence does not leave a vacuum in governance. This clarification was issued in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, on Wednesday. President Tinubu departed Nigeria on 3 October for a two-week working vacation in the United Kingdom, while Vice President Shettima...

Nigeria Needs Consistent Policy To Attract FDIs – JP Morgan CEO

The Chairman and Chief Executive Officer of JP Morgan, Mr. Jamie Dimon, has counseled Nigeria and other countries, seeking Foreign Direct Investments (FDIs) to ensure consistency in their regulatory framework and policies. Dimon who stated this on Wednesday at the 30th Nigerian Economic Summit (NES#30) in Abuja, noted that to attract investments requires consistent laws, regulations, rules, legislation, and legal environments, to woo foreign investors. Dimon stated that when these are in place, investors would...

World Bank: Naira Among Worst-Performing Currencies in 2024

The Nigerian naira has been ranked among the worst-performing currencies in sub-Saharan Africa for 2024, according to the World Bank’s latest Africa’s Pulse report. The report revealed that the naira depreciated by 43 per cent as of August 2024, placing it alongside the Ethiopian birr and South Sudanese pound. “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound were among the worst performers in the region,” the World Bank said. The report...

Governor Abiodun Approves N77,000 as New Minimum Wage For Ogun State Workers

The Secretary to Ogun State Government, SSG Mr. Tokunbo Talabi has announced Governor, Dapo Abiodun has approved N77,000 as minimum wage for workers in the state with effect from October 2024. Talabi, disclosed this after a meeting with the leadership of the organized labour in Ogun State, comprising the Nigeria Labour Congress, NLC, Trade Union Congress, TUC, and the Joint Negotiating Council, JNC. “The meeting is to discuss the implementation of the new minimum wage...

TCN says restoration of the collapsed national grid is almost complete

The Public Affairs General Manager of Transmission Company of Nigeria (TCN) Ndidi Mbah says the restoration of the national grid that collapsed on Monday is almost complete. Mbah said in a statement on Tuesday, that the national grid “experienced a partial disturbance” on Monday, October 14. Mbah said TCN continued with the grid recovery process, which has reached an advanced stage, ensuring “bulk power availability” to about 90% of its substations nationwide. According to him,...

Court Rules in Favour of Falana and Falz in Defamation Case Against VeryDarkMan

…Orders Takedown of Defamatory Social Media Posts The Lagos State High Court has issued an order restraining Martins Otse, a social media critic popularly known as VeryDarkMan, from circulating defamatory videos and comments about renowned human rights lawyer Femi Falana (SAN) and his son, Folarin Falana, also known as Falz. In a ruling delivered on Monday by Justice M. O. Dawodu in suit no: ID/8584/GCM/2024, the court directed VeryDarkMan to remove the defamatory posts made...

World Bank Grants Nigeria $500 Million to Boost Post-COVID Recovery

…Vice President Gill Urges Government to Sustain Reforms Despite Hardships The World Bank has announced a $500 million grant to support Nigeria’s recovery from the economic impacts of the COVID-19 pandemic through the Nigeria Community Action for Resilience and Economic Stimulus, NG-CARES, programme. Launched in 2021, NG-CARES was designed to assist vulnerable households and micro-small enterprises affected by the pandemic. Dr Lire Ersado, the World Bank Task Team Leader for NG-CARES, disclosed the new funding...

Super Eagles Abandon AFCON Qualifier in Libya After 12-Hour Airport Ordeal

The Super Eagles of Nigeria have withdrawn from their 2025 Africa Cup of Nations, AFCON, qualifying match against Libya following a harrowing 12-hour ordeal at Al Abraq International Airport. The Nigerian contingent, including players and officials, landed in Libya on Sunday evening only to face unexpected obstacles that left them stranded and without assistance. The Nigerian squad had travelled to Libya after securing a 1-0 victory over Libya last Friday at the Godswill Akpabio Stadium,...

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