Nigeria’s external reserves are expected to decline, according to the World Bank, because the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion in foreign exchange backlog and forward contracts to foreigners by the end of October 2022. The World Bank revealed this in a report called “Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual.” …
Against the backdrop of rising insecurity in Nigeria, His Grace, Most Rev. Emmanuel Chukwuma, Archbishop of Enugu Ecclesiastical Province and Bishop of Enugu Diocese, Church of Nigeria, Anglican Communion, has warned that a revolution is on the way to drive out those who are holding the country back. The call was made during the Archbishop’s pre-Synod press conference on Tuesday, …
Prince Kassim Afegbua, an Edo State politician, has resigned from the Peoples Democratic Party, or PDP. According to reports, Afegbua served as a campaign spokesman for Nigeria’s former Vice President, Atiku Abubakar. However, Afegbua has a rift with the opposition party’s presidential candidate for 2023. In a letter to the PDP Chairman, Ward 5 Okpella, Edo State, Afegbua announced his …
Nigeria’s Finance Minister, Zainab Ahmed, has stated that the federal government will invest heavily in all aspects of the agricultural value chain in order to ensure adequate and high-quality data for effective agricultural policies. According to the News Agency of Nigeria, the Minister stated this at a Training of Trainers workshop on the National Agriculture Sample Census (NASC) held in …
The Ogun State Police Command has arrested six members of a notorious cult group who had been on the command’s wanted list for their roles in a series of cult clashes in Shagamu and its environs that resulted in the deaths of at least four people. The arrest of the suspects was announced in a statement by the state Police …
The Independent National Electoral Commission (INEC) will not be able to end voter registration on June 30, 2022, as scheduled by the Federal High Court in Abuja. Following the hearing of an argument on motion exparte by Socio-Economic Rights and Accountability Project, Honourable Justice Mobolaji Olajuwon (Court 10) granted an order of interim injunction on Monday (SERAP). SERAP and 185 …
To consolidate its performance, TotalEnergies Plc has assured shareholders of the company’s commitment to becoming a multi-energy company that will play a key role in the country’s energy transition, particularly in renewable energy. This was stated by the company’s chairman, Jean-Phillipe Torres, at the company’s 44th annual general meeting, which was held in Lagos over the weekend. He expressed confidence …
Bandits are believed to have invaded and attacked Zira village in Bauchi State’s Toro Local Government Area, kidnapping the village head, Yahaya Abubakar, and his son Habibu. According to reports, the incident occurred just 24 hours after suspected bandits attacked Tudun Wadan Jada village in the state’s Alkaleri Local Government Area, killing four people and injuring three others. Bala Mohammed, …
Following the resignation of Malam Zubairu Massu, who defected to the New Nigeria Peoples Party, the Kano State House of Assembly elected Alhaji Kabiru Dashi (APC-Kiru) as deputy speaker (NNPP). According to NAN, Dashi was elected after being nominated by Mr Sale Marke (APC-Dawakin-Tofa) in plenary on Monday. Mr Nuhu Achika (APC-Wudil) seconded the nomination, and the lawmakers confirmed his …
Abductors of former Secretary of Nigeria Football Federation (NFF), Sani Toro; former Assistant Coach of the Super Eagles, Garba Yila and one of their friends, Isa Jah, are demanding N150 million for their release. Toro and others reportedly left the wedding of the son of former NFF President, Aminu Maigari, in Abuja on Saturday, at about 05:00 pm en route …
A horrific motor accident involving a Toyota bus and a truck in Niger State resulted in the death of 18 passengers. The accident happened along the Minna-Bida Road in Minna, the state capital, in the Gidan-Mangoro area. A Kano Line bus was travelling from Lagos to Kano when it collided with a broken-down truck at about 3 a.m. on Saturday. …
Only four states and the federal capital territory have started paying pensions to employees under the contributory pension scheme, according to the National Pension Commission (PenCom) (CPS). Lagos, Osun, Kaduna, Delta, and the federal capital territory are the states involved (FCT). In its most recent report, titled “Status of implementation of the CPS by states and the FCT for the …
T4 Education, an education development organisation, has begun reviewing nominations for the World’s Best School Prizes in order to identify winners. The organisation named Best Intellectuals Model Institution, an Aba-based school, as one of the ten finalists for a $250,000 star prize. T4 Education is collaborating on the World’s Best School Prizes with five other organisations, including Templeton World Charity …
Dr. Femi Egbesola, the National President of the Association of Small Business Owners of Nigeria, says the country’s micro, small, and medium businesses are the hardest hit by the current dollar shortage and high diesel prices. While the Central Bank of Nigeria made it easier for large businesses to obtain dollars from commercial banks, he claimed that MSMEs often struggled …
Senator Ifeanyi Okowa, the governor of Delta State, has been chastised by the Southern and Middle Belt Leaders’ Forum (SMBLF) for accepting Alhaji Atiku Abubakar’s nomination as the Peoples Democratic Party (PDP) presidential candidate in the upcoming 2023 general elections. According to the group, Governor Okowa, who is currently the chairman of the South-South Governors’ Forum and a native of …
Senator James Akpanudoedehe, who recently defected from the ruling party and is now the governorship candidate of the New Nigeria Peoples Party in Akwa Ibom State, tells OLUWAFEMI MORGAN why he left the ruling party and his chances in his new party. Why did you leave the All Progressives Congress, where you were a high-ranking member and the secretary of …
As Ekiti State elects its next governor today, party leaders and the electorate have high hopes for the use of new electronic devices in the election. In the poll, the Independent National Electoral Commission (INEC) announced that results would be transmitted electronically and that the Bimodal Voter Accreditation System (BVAS) would be used. Mr Jackson Adebayo, a spokesman for Segun …
Prof Ishaq, Registrar, Joint Admissions and Matriculation Board (JAMB), has said that continuous strikes by unions in Nigerian tertiary institutions are causing irreparable damage to the country’s educational system. In a separate event, the leadership of the National Association of Nigeria Students (NANS) explained why the group has called a halt to nationwide protests in response to the Academic Staff …
Doyin Okupe has been proposed as Peter Obi’s running mate by the Labour Party. However, it was discovered that Okupe’s name was submitted in order to beat the Independent National Electoral Commission’s (INEC) June 17 deadline for political parties. Okupe, the Director-General of the Peter Obie Campaign, will serve as a placeholder until the party’s stakeholders agree on a suitable …
Rev. Fr. Ejike Mbaka, a fiery Enugu Catholic Priest, has apologised and prayed for Labour Party Presidential candidate Mr. Peter Obi, saying he can never be Nigeria’s President. Mbaka apologised after declaring that Peter Obi could never be President of Nigeria. He recently stated at the Adoration Ground that unless God ceases to exist, Obi will never smell the President’s …
