Nigeria’s current account balance has risen to $1.432 billion in 2024, despite the economic downturn impacting the country, according to the International Monetary Fund’s World Economic Outlook. The IMF data suggests a positive outlook for Nigeria’s economic growth and stability, reflecting a growing economy with increasing investment and savings, even amid eroding investor confidence. Nigeria’s […]
NAFDAC DG, Prof. Mojisola Adeyeye The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its warning against using hazardous chemicals to preserve food items. The agency has specifically banned dichlorvos, a chemical often used by traders to prevent food spoilage, due to its severe health risks. In a statement signed by […]
Peter Obi On Saturday, the Labour Party’s presidential candidate, Mr. Peter Obi, urged Nigerians not to let desperate politicians divide them along religious and ethnic lines, especially during elections. He made this appeal after receiving the 2024 Courageous Citizen Award at an event in Abuja organized by the Nigerian-American Coalition for Justice and Democracy. Represented […]
On Monday, the Naira saw significant appreciation in the official market, trading at N1,339.33 to the dollar. Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N143.48, a 9.67 percent increase compared to the previous trading day, Friday, May 24, 2024, when it traded at […]
Nobel Laureate, Professor Wole Soyinka, has announced that he may reapply for the restoration of his US permanent residency following the conviction of former US President Donald Trump. On Thursday, Trump was convicted on all 34 charges of falsifying business records to conceal a payment meant to silence porn star Stormy Daniels. In 2016, Soyinka […]
Marwa expressed satisfaction with the continuing collaboration between the NDLEA and the Thai embassy regarding visa clearance certificates. The number of Nigerians imprisoned in Thailand for drug trafficking has decreased by 75 percent, according to an estimation by Channels Television based on statistics from the National Drug Law Enforcement Agency (NDLEA). A statement from NDLEA’s […]
Labour Party Caucus Criticizes Tinubu’s Leadership Amid Economic Decline The Labour Party (LP) Caucus in the House of Representatives has expressed concern over Nigeria’s economy, which they claim has been in a “dangerous free fall” since President Bola Tinubu assumed office a year ago. In a statement signed by their leader, Afam Ogene, the lawmakers […]
Metal Manufacturing Nigeria Limited (MMNL) Expands to Dominate Tubular Battery Market and Diversify Ventures Metal Manufacturing Nigeria Limited (MMNL) is not just Nigeria’s largest tubular battery company; it is also diversifying into multiple business verticals, including backward and forward integration and mining, to stay ahead of its competitors. To meet the rapidly growing demand in […]
The Kano High Court on Miller Road has issued an order preventing the police, State Security Service (SSS), and Nigerian military from evicting Emir of Kano, Muhammadu Sanusi II, who was recently reinstated. Justice Amina Adamu Aliyu granted the order, restraining the security agencies from arresting or harassing the emir and his kingmakers. The judge […]
Mr Peter Obi Peter Obi, the Labour Party’s 2023 presidential candidate, will only consider a merger that prioritizes Nigeria’s welfare over mere power acquisition, according to Yunusa Tanko, Chief Spokesperson of Obi-Datti and Director of Media for the Labour Party (LP). In an interview with Channels Television on Monday, Tanko emphasized that Obi seeks alliances […]
Organized Labour in Abia state has issued a 14-day ultimatum to Governor Alex Otti to ensure the full payment of the N30,000 national minimum wage and the N35,000 palliative wage award approved by the federal government for workers in the state. In a letter addressed to Governor Otti by the Nigeria Labour Congress (NLC) Abia […]
The Economic and Financial Crimes Commission (EFCC) has expressed condolences to the family of its third substantive Chairman, Ibrahim Lamorde, who passed away in Egypt on Sunday at the age of 61. Lamorde had traveled to Egypt for medical treatment. In a statement on Sunday, EFCC spokesperson Dele Oyewale conveyed the agency’s shock at Lamorde’s […]
President Bola Tinubu Tinubu’s Inauguration Promises Under Scrutiny After One Year On inauguration day at Eagle Square, Abuja, President Bola Ahmed Tinubu made commitments addressing critical national issues including the economy, security, power, and petrol subsidy. Notably, he declared “subsidy is gone,” a statement that has continued to resonate in economic discussions across Nigeria. Nearly […]
A file photo of Muhammadu Sanusi II Governor Reinstates Sanusi as Emir of Kano After Four-Year Absence Four years after Muhammadu Sanusi II was deposed as Emir of Kano, Governor Abba Yusuf of Kano State has reinstated him to the throne. “With the full support of the kingmakers, I have approved the reappointment of Mallam […]
South Africa’s President Cyril Ramaphosa President Cyril Ramaphosa of South Africa praised the anti-apartheid hero Nelson Mandela for his significant contributions to the country’s journey to freedom during the 30th anniversary celebration of democracy. In a speech at the Union Buildings in Tshwane, Pretoria, on Saturday, Ramaphosa described Mandela as “the first democratically elected president […]
Photo illustration of Aviation Minister, Festus Keyamo, and an airport The Federal Government has announced that the Nigerian Civil Aviation Authority (NCAA) will conduct a thorough audit of all local airlines across the country. Aviation and Aerospace Development Minister Festus Keyamo revealed this during an interview on Channels Television’s “Politics Today” on Thursday. He emphasized […]
Prof. Ladi Hamalai A Federal High Court in Apo, Abuja, has issued an arrest warrant for Professor Ladi Hamalai, former Director General of the National Institute for Legislative and Democratic Studies. This decision stems from Hamalai’s repeated failure to appear in a corruption case brought against her by the Independent Corrupt Practices and Other Related […]
President Bola Tinubu President Bola Tinubu has called for reforms to help Nigerians benefit more fully from the justice sector. Tinubu made these remarks on Wednesday in Abuja at the opening of the two-day National Summit on Justice 2024, hosted by the Federal Ministry of Justice in partnership with the European Union, International IDEA, UNICEF, […]
Hadi Sirika The Economic and Financial Crimes Commission (EFCC) has arrested Hadi Sirika, former Minister of Aviation under President Muhammadu Buhari’s administration, in connection with an ongoing N8 billion money laundering investigation related to Nigeria Air. Sirika arrived at the EFCC’s Federal Capital Territory Command around 1:00 pm on Tuesday. He is currently under questioning […]
Ex-CBN Governor Godwin Emefiele Approximately N531.4 billion in Central Bank of Nigeria intervention funds remains unused within the accounts of nine deposit money banks, according to findings . The situation follows the suspension of all CBN intervention funds by the current governor of the apex bank, Olayemi Cardoso. Upon taking office, Cardoso ceased all development […]