BR GODWIN OBI President Bola Tinubu has said that the removal of petrol subsidy in May 2023 was designed to free up resources for investment in critical infrastructure. The President spoke on Tuesday when he declared open the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and FinanceContinue Reading
BY GODWIN OBI Oil’s main international benchmark fell below $70 per barrel on Tuesday, the first time it has done so since the end of 2021, amid mounting concerns about slowing global growth. Meanwhile, global stock markets diverged as traders assessed the outlook for interest rates in the United StatesContinue Reading
BY OUR REPORTER James Earl Jones, a versatile and award-winning American stage and screen actor who used his booming deep voice to bring the iconic “Star Wars” villain Darth Vader to life, has died, his representatives said Monday. He was 93 years old. From the works of Shakespeare and AugustContinue Reading
BY GODWIN OBI As part of efforts to harness the Blue Economy sector for sustainable growth and development in Nigeria, the Federal Ministry of Marine and Blue Economy is set to host a global workshop on Deep Seabed activities. This initiative is in collaboration with the Nigerian Maritime Administration and Safety AgencyContinue Reading
The Julius Abure-led Labour Party has cancelled the automatic ticket it previously reserved for the party’s presidential candidate, Peter Obi and Abia State governor, Alex Otti, for the 2027 election. This was made known in the resolution of the Abure faction of the part after its National Executive Council meetingContinue Reading
BY GODWIN OBI The Trade Union Congress (TUC) has called on the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to give a special foreign exchange rate to the Nigerian National Petroleum Company Limited (NNPCL). The TUC said with the NNPCL granted a special forex rate ofContinue Reading
…Maiwada says Anti-smuggling led to the interception of 7 PMS trucks, sealing of 12 retail outlets, and seizure of 466,000 litres of petrol Last month, the Nigeria Customs Service (NCS) recorded a whooping N277.5 billion in import duties. The Customs image maker, and National Spokesman, Mr Abdullahi Maiwada disclosed during theContinue Reading
…Maiwada says Anti-smuggling led to the interception of 7 PMS trucks, sealing of 12 retail outlets, and seizure of 466,000 litres of petrol BY GODWIN OBI Last month, the Nigeria Customs Service (NCS) recorded a whooping N277.5 billion in import duties. The Customs image maker, and National Spokesman, Mr Abdullahi MaiwadaContinue Reading
BY GODWIN OBI In the early hours of Sunday, a tragic tanker explosion occurred along the Lapai-Agaie road, approximately 2 kilometres from Dendo Community in the Agaie Local Government Area (LGA) of Niger State. The incident, which occurred around 12:30 am, involved a petrol tanker loaded with petrol that collidedContinue Reading
BY GODWIN OBI Foremost Professor of Political Science, Bolaji Akinyemi, says South Africa is determined to derail Nigeria’s international ranking with “negative competition”. Prof Akinyemi, also a former Director General of the Nigerian Institute of International Affairs (NIIA), said this to newsmen on Sunday. He said Nigeria should be aContinue Reading