The Federal Government has filed an application before a Federal High Court, Lagos, seeking to withdraw the firearm charge against former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. At the last proceedings, Justice Nicholas Oweibo, who is sitting as a vacation judge, fixed yesterday for a hearing of the applications filed by both parties […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has secured an emergency $ 3 billion crude oil repayment loan which is aimed at stabilising the naira. NNPC Limited in a statement on Wednesday said it secured the crude-for-cash funding from African Export-Import (AFRIEXIM) Bank headquarters in Cairo, Egypt. The oil-for-cash loan is meant to be […]

Oyo State Governor Seyi Makinde has advocated a single-term tenure for political office holders. This is contained in a statement issued on Wednesday in Ibadan by the Chief Press Secretary to the Governor, Mr Sulaimon Olanrewaju. According to the statement, Makinde stated this at a dinner in honour of the National Executive of the Pentecostal […]

ECOWAS defence chiefs The military chiefs of the Economic Community of West African States (ECOWAS) will meet on Thursday and Friday in Accra, Ghana amid tensions over a possible military intervention in Niger, according to Ghana’s army spokesman. Member states had initially mulled a military intervention against those who carried out Niger’s coup, and the […]

• Investors urge govt to grant moratorium to sector The harsh operating environment has triggered a downturn in the performance of the local manufacturing industry as companies under the sector recorded an average of 351 percent decline in profitability in the first half (H1) of the year due to high operating expenses (OPEX). Worried by […]

At the estimated cost of N120 billion yearly amid austerity, the ideals of the National Youth Service Corps (NYSC) are in for relevance and sustainability crises, Iyabo Lawal writes. On monthly stipends of corps members alone, the Federal Government has spent at least N475.2 billion between 2020 and 2023, estimates reveal. Recall that the administration […]

• Office of SGF, CoS preparing for swearing-in, retreat next week – Source • Economy drifting, needs an anchor with cabinet running, says Osaikhuiwu • Oshiomhole: Tinubu inherited terrible economic situation • BudgIT demands clear roadmap for Tinubu’s economic relief package Eighty days into the administration, President Bola Tinubu is yet to constitute a cabinet […]

• Stakeholders insist figures are under-reported •‘Nigerian manufacturers have become endangered species • Palliatives will not have any effect this year – AFAN • Expert foresees higher interest rate at next MPC meeting • We need to look beyond monetary policy for a solution, ICSAN warns As inflation bites further, mostly from the effects of […]

President Bola Ahmed Tinubu has assured Nigerians that there will be no increase in the pump price of petrol in any part of the country. Presidential spokesman Ajuri Ngelale said this on Tuesday, quoting President Tinubu. According to Ngelale, the market has been deregulated and will remain so. He stressed that government will address the […]