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The Nigeria Labour Congress (NLC), has again criticised Federal Government policy on fuel importation, reiterating its readiness to shut down economic activities in the country if the government insist on increasing the price of PMS next year as speculated. NLC also called on the Federal Ministry of Health to ensure that the amount agreed on…
President Muhammadu Buhari’s regime says it is seeking to borrow an additional N250 billion through the Sukuk bond as Nigeria’s debt burden rises to N38 trillion.Specifically, the Debt Management Office (DMO) announced in a statement on its website the regime had offered for subscription N250 billion road Sukuk instrument for N1,000 per unit, indicating that…
Nigeria was placed on the 7th position on the Africa Visa Openness Index Report jointly released by the African Development Bank and the African Union Commission this week. Nigeria came in 7th place with a score of 0.864 points ahead of Uganda, Guinea-Bissau, Cabo Verde, Togo, Mauritania, Mauritius, Mozambique, and others.The report measures the ease…
The Chief Whip of the Senate, Senator Orji Uzor Kalu, has urged the leadership of the All Progressives Congress (APC) to postpone the much anticipated convention of the party slated for February next year pending the resolution of the multiple crisis bedeviling the party to prevent possible implosion. He made the appeal on Thursday in…
Some unknown gunmen have reportedly kidnapped the traditional ruler of Umueezela-Ama Kingdom in Ehume Mbano Local Government Area of Imo state. While recounting how the incident happened, sources and eye-witnesses confirmed to reporters that the Monarch was kidnapped at Nkwo Umuezeala Market during a meeting with his kinsmen on Tuesday. According to a source, “He…
According to the National Bureau of Statistics in its recently released inflation report, Nigeria’s inflation rate fell further in November 2021, to 15.4 percent, from 15.99 percent the previous month. According to the report, the latest figures are the lowest since November 2020, when the CPI rose by 14.89 percent. Meanwhile, on a month-to-month basis,…
Seyi Tinubu, the eldest son of APC National Leader Asiwaju Bola Tinubu, was present at a recent SME summit where he supported up to six small businesses with millions of naira to scale up their businesses and expand operations. The businessman and renowned philanthropist was hosted as a panelist in the Lagos Small Business Summit…
The United Kingdom (UK) has confirmed that Nigeria will be effectively removed from its travel red list, allowing free entry of flights and travellers with minimal conditions into the UK. However, the federal government is yet to receive an official memo that puts the agreement into practice, as of this morning. The travel ban, which…
President Muhammadu Buhari will be traveling out of Nigeria to Istanbul on Thursday to attend the third Turkey-Africa Partnership Summit, hosted by President Recep Tayyip Erdogan of the Republic of Turkey. The theme of the Summit according to the organisers of the event is ‘‘Enhanced Partnership for Common Development and Prosperity’’ and the agenda includes…
Professor Isa Ali Ibrahim (Pantami), Minister of Communications and Digital Economy has directed Council members on proper monitoring policies on National Digital Economy Policy and Strategy (NDEPS) which achievement in two years has placed Nigeria’s Economy amongst the fastest growing in the world. Pantami gave the directive at the closing ceremony of the 9th Regular…
