BY GODWIN OBI There are indications that pressures are mounting on the pump price of petrol as the landing cost has risen by 19.3 per cent to N596.93 per litre as of yesterday, from about N500 per litre in July 2023, when the last pump price adjustment was effected acrossContinue Reading
BY GODWIN OBI President Bola Tinubu rang the closing bell at the Nasdaq Stock Market in New York on Wednesday as he called on the United States business community to invest in Nigeria’s “bubbling market”. Tinubu, who is attending the ongoing 78th session of the United Nations General Assembly, wasContinue Reading
BY GODWIN OBI The Kano Governorship Election Petition Tribunal has sacked Governor Abba Kabir Yusuf, declaring the All Progressives Congress (APC) candidate, Nasiru Gawuna, as the winner of the March 18 election. Yusuf, who contested on the platform of the New Nigeria Peoples Party (NNPP), was declared the winner ofContinue Reading
BY GODWIN OBI President Bola Tinubu is in New York United States with six State governors, seven ministers, and some senior aides to attend the 78th United Nations General Assembly (UNGA). The President is scheduled to hold a series of meetings on the sidelines of the event, where he willContinue Reading
…Says FG’s spending of 96% of revenue on debt servicing unsustainable…N8.5 trn collected by mid-Sept, says immediate past FIRS chair, Nami BY GODWIN OBI The new chairman of the Federal Inland Revenue Service, FIRS, Dr Zacch Adedeji, said yesterday the nation is in a revenue crisis and requires urgent stepsContinue Reading
BY GODWIN OBI Four persons have died with seven others arrested following a cult clash in Sagamu, Sagamu Local Government Area of the state. The spokesman of the Ogun State Police Command Omolola Odutola said the suspects were arrested after a raid led by an assistant commissioner of police. “Upon receivingContinue Reading
BY GODWIN OBI The meeting between the Federal Government and the Nigeria Labour Congress (NLC) to avert an imminent strike action ended on Monday without a concrete resolution to the union’s demands The Minister of Labour and Employment, Simon Lalong; and Minister of State for Labour and Employment, Nkeiruka Onyejeocha,Continue Reading
BY GODWIN OBI Former President Olusegun Obasanjo, on Friday, said a democratic system that fosters a lack of security and peace must be abandoned. Obasanjo, who was hosted by the Governor of Oyo State, Seyi Makinde, at the opening of internal roads in Iseyin, described a democracy built on unemploymentContinue Reading
Nigeria’s inflation has jumped to 25.80% for August 2023, according to the Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS). The latest figure is 1.72% points higher than the 24.08% reported in July, the Friday report added. “In August 2023, the headline inflation rate increased toContinue Reading
President Bola Tinubu has nominated Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN). This is according to a statement from presidential spokesman Ajuri Ngelale. Cardoso will replace the Acting Governor of the CBN Folashodun Shonubi if confirmed by the Senate. “President Bola Tinubu has approvedContinue Reading