Author: Olabanji Ayoola

The All Progressive Congress (APC) has blamed Nigerians for the removal of fuel subsidy by President Bola Tinubu. Speaking on the removal of fuel subsidy, the National Publicity Secretary of APC, Felix Morka, said what President Tinubu did was to implement what the law stipulated. He argued that the Petroleum Industry Act (PIA) passed into […]

THE Nigerian National Petroleum Company Limited (NNPC Ltd), said its purchasing portal would be reopened as soon as the backlog of orders for petrol was cleared. Marketers had complained about the portal shutdown, adding that it encourages round-tripping of product supplies while driving prices. However, in a press statement obtained by Vanguard, the Chief Corporate […]

Critical sectors of the Nigerian economy are set to receive monetary boosts worth N589bn (£272.6m) following the conclusion of eight partnership agreements signed between the Federal Government and the United Kingdom. This was disclosed in a statement issued by the Ministry of Budget and Economic Planning, Atiku Bagudu, on Thursday in Abuja. The programme implementation […]

Excel and Joy Two-year-old Excel Forte, the daughter of a visually impaired woman, Agnes who was reported to have gone missing on November 28, 2023, while in the company of her step-sister, Joy, has been found. Punch Metro reported that Agnes raised the alarm over the disappearance of Excel from their residence in the Akowonjo […]

The Federal Government has unveiled details of its strategic plans to generate at least $100bn and create over two million jobs from Nigeria’s creative economy yearly. The Minister of Art, Culture and the Creative Economy, Hannatu Musawa, unveiled the government’s plan on Wednesday at a roundtable for local and international investors where she presented her […]

The Martin Amaewhule-led Rivers State House of Assembly has declared that the recently constituted Rivers State Investment Promotion Agency by Governor Siminalayi Fubara is illegal. The House, loyal to the Minister of the Federal Capital Territory, Nyesom Wike, also stated that all appointments made by the governor related to the board were not recognised by […]

The Minister of Federal Capital Territory, Nyesom Wike, has solidified his position in the Peoples Democratic Party leadership crisis as the National Working Committee endorsed the Rivers State congresses. Wike’s loyalists within the PDP NWC not only secured the approval but also postponed the National Executive Committee meeting, originally set for September 26, to October […]

Governor, Central Bank of Nigeria, Dr. Olayemi Cardoso Experts express mixed views on the recapitalisation’s impact on the banking sector, with some optimistic about long-term benefits and others sceptical about immediate effects on lending practices and interest rates. As the process unfolds, the challenge remains to balance capital adequacy with the needs of SMEs, which […]

The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on the CBN’s website on Thursday stated that the move was aimed at enhancing the tracking and management of electronic transactions in the country. “As part of efforts to mitigate […]