Author: Olabanji Ayoola

Former Vice President Atiku Abubakar, on Monday, challenged President Bola Tinubu to be brave and admit the return of fuel subsidy months after the President declared that subsidy was gone. Atiku, who lost to Tinubu in the 2023 presidential election, insisted that fuel subsidy had returned and alleged that it “has become an even wider […]

The Federal Government has said it is practically impossible to end the twin challenges of petrol smuggling and oil theft. It disclosed that the problems are caused by the product subsidy and corroded expired pipelines. Minister of State, Petroleum Resources, Heineken Lokpobiri disclosed at the just-concluded Energy and Labour Summit 2024 organised by the Petroleum […]

The Naira has depreciated by N72.58 against the dollar as Foreign Exchange turnover transactions hit $7.39 billion at the close of the official trading window in July 2024 compared to June. This is according to the FMDQ financial market report in the period under review. In Naira terms, the country’s FX turnover stood at N11.48 […]

The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, has called on President Bola Tinubu to revisit his economic policies, noting that Nigerians are no longer at ease with them. Ugorji, who is also the Archbishop of Owerri, stated that the economic policies put in place by President Tinubu […]

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, has stressed the urgent need for Nigeria to move beyond political infighting and inconsistent policies that have hindered the country’s development since independence. She asserted that collective efforts, rather than a blame game, were needed to move the nation forward. Okonjo-Iweala spoke on Sunday at […]

On Monday, France held the Russian-born founder of Telegram Pavel Durov in custody for a second day of questioning over alleged offences related to the popular but controversial messaging app, which insisted he had “nothing to hide”. His arrest after flying into the Le Bourget airport outside Paris late Saturday is the latest extraordinary twist […]

A foremost human rights lawyer, Mr. Femi Falana, SAN, has asked the Nigerian Bar Association (NBA) to help “end illegal arrest and detention of innocent citizens by law enforcement agencies in the country”. He said this in a statement welcoming lawyers to Lagos for the 2024 Annual Conference of the NBA. Some youths who participated […]

Representatives of state governments at the last Federation Accounts Allocation Committee meeting have bemoaned the decision by the Federal Government to save additional revenue for the payment of the new minimum wage. This development, which affected their revenue distribution from the federation committee, was received with opposing views when an update on statutory allocation showed […]

There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly called petrol, to be released by the Dangote Petroleum Refinery next month. Multiple officials, both among oil marketers and members […]