NIGERIA is grappling with another severe cash scarcity, disrupting daily life and economic activities nationwide. The acute cash shortage across all states is compounding the hardship facing Nigerians who have endured an unprecedented price spike over the past 18 months. Despite the CBN’s assurance regarding sufficient cash supply, the scarcity has persisted, with millions of […]
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President Bola Tinubu has approved free train rides nationwide from December 20, 2024, to January 5, 2025. This is part of measures to ease transportation costs during the Christmas and New Year celebrations, the Minister of Information and National Orientation, Mohammed Idris, told State House correspondents in Abuja. Idris explained, “As we did last year, […]
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The Supreme Court has dismissed the lawsuit seeking the removal of President Bola Tinubu from office. The suit filed by the presidential candidate of the Hope Democratic Party in the 2019 general election, Ambrose Aworu, sought Tinubu’s removal based on Central Intelligence Agency and drug allegations. The apex court in an unanimous decision by a […]
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The Federal Government has renamed the University of Abuja after former Head of State, Gen Yakubu Gowon. By the approval of President Bola Tinubu, University of Abuja is now to be known and addressed as Yakubu Gowon University. Minister of Information and National Orientation, Mohammed Idris, disclosed the decision to journalists at the State House […]
Continue ReadingThe Federal Government’s expenditure exceeded its accrued revenue in the first six months of 2024, resulting in a budget deficit of N4.53tn, a new report from the budget office has indicated. The deficit spending was driven by a 73.91 per cent increase in its expenditure which moderated the impact of improved revenue receipt of N8.70tn […]
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Former Minister of Youth and Sports, Solomon Dalung, has accused a powerful cabal of hijacking power shortly after President Muhammadu Buhari’s electoral victory in 2015. Speaking on the Mic On Podcast on Sunday, Dalung explained that a cabal is “a group of ambitious individuals, often appointed by the president, who end up manipulating the presidency […]
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The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki […]
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Constitutional lawyer and human rights advocate, Professor Mike Ozekhome, SAN, has argued that Nigeria is practising what he terms “judocracy” rather than democracy. Speaking at the 9th convocation ceremony of Gregory University Uturu in Abia State, Ozekhome blamed the judiciary for the distortion of democracy in Nigeria. In his pre-convocation lecture titled “The Judiciary As […]
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Mali, Burkina Faso, and Niger Republic will cease to be members of the Economic Community of West African States (ECOWAS) from 2025. Alieu Touray, president of ECOWAS commission, made the announcement on Sunday during the 66th ordinary session of heads of states and governments in Abuja, Nigeria’s capital city. Touray set the countries’ exit at […]
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Nigeria’s inflation rate has risen from 33.88 percent in October to 34.60 percent in November. The National Bureau of Statistics (NBS) disclosed this in the November Consumer Price Index and Inflation (CPI) report released on Monday. According to the report, the increase in November was by 0.72 percent. The report showed an increase of 6.40 […]
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