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GOVERNOR BALA MOHAMMED RESPONDS TO WIKE’S THREAT

News

< 1 mn read Governor Bala Mohammed of Bauchi State has assured that his state is well-prepared to handle any potential political conflicts, referring to the recent threat by Minister of the Federal Capital Territory, Nyesom Wike. Wike had warned PDP governors not to interfere in Rivers State’s affairs, hinting at possible repercussions for those who do. In a […]

UMUAGU RESIDENTS SOUND ALARM OVER GULLY EROSION THREAT

News

< 1 mn read Residents of Umuagu have raised urgent concerns over the severe gully erosion affecting their community, particularly at Emede-Umuagu Ibeku, behind Chidiebere Transport Terminal in Umuahia North Council Area. The erosion has already destroyed houses and farmland, with more structures at risk. Mr. Mbanu Ibeawuchi Chukwunomso, a local resident, reported that many homes have been damaged […]

OBASANJO CALLS FOR BETTER INVESTMENT CLIMATE IN NIGERIA

News

< 1 mn read Former President Olusegun Obasanjo has urged for a more conducive environment in Nigeria to attract substantial foreign investments. He made this call during the Exaugural Lecture and Book Launch by former Punch Editor Mr. Adedayo Oketola in Lagos on Tuesday. The book, titled “The Catalyst: Nigerian ICT Evolution Through A Journalist’s Lens,” was discussed at […]

CBN REPORT REVEALS BUSINESS CONSTRAINTS AND FUTURE OUTLOOK

Business News

< 1 mn read The Central Bank of Nigeria (CBN) has identified insecurity, high interest rates, and multiple taxes as major constraints on businesses in August 2024. In its ‘Business Expectation Survey’ (BES) report for August 2024, the CBN noted that despite these challenges, firms are optimistic about business conditions in the next six months, which suggests a positive […]

CONTROVERSY EMERGES IN PETROL SUPPLY DEAL BETWEEN NNPCL AND DANGOTE REFINERY

News

< 1 mn read Recent developments have heightened controversy over the sale-purchase agreement for premium motor spirit (petrol) between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery. DISCREPANCY IN SUPPLY FIGURES The NNPCL claims that Dangote Refinery is unable to supply the agreed amount of petrol, stating that Dangote could only deliver 16.8 million litres out of […]

MARITIME MODE DOMINATES NIGERIA’S EXPORTS IN Q2 2024

News

< 1 mn read According to the Nigerian Bureau of Statistics (NBS) Foreign Trade in Goods Statistics report, approximately 99.1% of Nigeria’s exported goods were transported via maritime channels in the second quarter of 2024 (Q2’24). The total value of these goods was N19.25 trillion. TRANSPORTATION MODE BREAKDOWN Maritime Transport: Dominated with N19.25 trillion, representing 99.1% of total exports. […]

NIGERIA’S DIGITAL TRANSFORMATION LEAVES PERSONS WITH DISABILITIES BEHIND

News

2 mn read As Nigeria accelerates its digital transformation and financial inclusion efforts, Persons with Disabilities (PWDs) remain largely excluded. Despite advances in mobile banking and digital platforms, PWDs face significant barriers, revealing a broader issue of systemic marginalization. Inaccessible digital platforms and inadequately trained personnel impede PWDs’ financial independence and economic participation. STRUGGLES IN ACCESSING FINANCIAL SERVICES […]

RESIDENTS OF OVOM STREET IN ABA URGE GOVERNMENT TO RECONSTRUCT EROSION SITE

News

< 1 mn read Residents of Ovom Street, Ogbor Hill in Aba, Abia State, have issued an urgent SOS to the state government, requesting immediate reconstruction of the Ovom Street erosion site, which is endangering lives and property. The gully erosion, extending over 200 meters, has caused significant damage, destroying structures and displacing three compounds and three two-storey buildings. […]

NIGERIAN BREWERIES PLANS TO USE RIGHTS ISSUE PROCEEDS TO ELIMINATE FOREX EXPENSES

Business

2 mn read Nigerian Breweries Plc has announced that it will use the proceeds from its ongoing N599.1 billion Rights Issue to eliminate foreign exchange-related expenses and reduce bank borrowings. At the “Fact Behind the Rights Issue” event on the Lagos floor of the Nigerian Exchange (NGX) Limited, Mr. Hans Essadi, Managing Director/CEO of Nigerian Breweries Plc, detailed […]

ONUOGBA-NIKE AND EZZA-NKOMORO COMMUNITIES DEFEND PROF BARTH NNAAJI AGAINST LAND GRABBING ALLEGATIONS

News

2 mn read The Onuogba-Nike and Ezza-Nkomoro communities in Enugu East Local Government Area have collectively affirmed that Professor Barth Nnaji, former Minister for Power and Chairman of Geometric Power, is not a land grabber but a legitimate investor who acquired land for an auto assembly plant and power generation purposes. BACKGROUND ON ALLEGATIONS Recent media reports highlighted […]

CBN WARNS OF RISKS TO EXTERNAL RESERVES DUE TO FUEL SUBSIDY REMOVAL

News

2 mn read The Central Bank of Nigeria (CBN) has highlighted potential risks to the growth of Nigeria’s external reserves for the fiscal years 2024/2025, citing factors such as the removal of fuel subsidies, increased import bills, and rising external debt servicing obligations. MONETARY POLICY GUIDELINES AND ECONOMIC PROJECTIONS In its Monetary, Credit, Foreign Trade, and Exchange Policy […]

IF SUCH A DISASTER HAD OCCURRED IN CHINA

News

2 mn read If a disaster of this magnitude had struck China, President Xi Jinping and members of the Communist Party of China (CPC) Politburo would have been on-site for an immediate assessment. Convoys of vehicles laden with provisions and medical supplies would have swiftly reached the disaster area. The People’s Liberation Army (PLA) would have been mobilized […]

RIVERS POLICE COMMAND UNCOVERS JOB RACKETEERING SYNDICATE

News

< 1 mn read The Rivers Police Command has dismantled a job racketeering syndicate accused of deceiving job seekers with fake employment opportunities. State Commissioner of Police, Olatunji Disu, announced the bust at a news conference in Port Harcourt on Tuesday. Disu reported that police operatives, responding to a distress call from concerned residents who suspected a hostage situation, […]

NLC PRESIDENT JOE AJAERO’S ENCOUNTER WITH DSS: A CLOSER LOOK

News

2 mn read By the evening of September 9, when the Department of State Services (DSS) released Nigeria Labour Congress (NLC) President Joe Ajaero, he appeared contrite and remorseful, perhaps even ashamed of his earlier actions. Ajaero had been invited twice by the DSS and failed to respond on both occasions. During the second invitation, he informed the […]

CHALLENGES IN NIGERIA’S DIGITAL SWITCHOVER: A CRITICAL REVIEW

News

2 mn read In the context of Nigeria’s Digital Switchover (DSO), recent observations highlight the pressing issues confronting the new government initiative. The implementation of the DSO process has encountered significant hurdles, raising concerns about the effectiveness and feasibility of the new configuration. The introduction of the DSO was initially seen as a transformative opportunity for the Nigerian […]

NYESOM WIKE’S POLITICAL VICTORY: A SIGNIFICANT SHIFT IN NIGERIAN POLITICS

News

< 1 mn read Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has achieved a notable political victory by regaining control of the Peoples Democratic Party (PDP) structure in Rivers State from Governor Siminalayi Fubara. With the endorsement of the party’s National Working Committee (NWC) and certification from the Independent National Electoral Commission (INEC) for the recent […]

NIGERIA’S ENERGY CRISIS CONTINUES AS DANGOTE REFINERY FACES OBSTACLES

News

< 1 mn read Nigerians continue to endure severe hardships as the long-anticipated $20 billion Dangote refinery, once hailed as a potential solution to the nation’s energy crisis, faces mounting challenges. Despite the initial excitement surrounding the refinery’s launch, unforeseen complications have emerged. State agents, particularly from the Nigerian National Petroleum Corporation Limited (NNPCL), have raised concerns about the […]

IRAN CONDEMS EXPLOSIONS IN LEBANON AS “TERRORIST ACT,” BLAMES ISRAEL

News

< 1 mn read Iranian Foreign Minister Abbas Araghchi has condemned the explosions of hundreds of pagers across Lebanon on Tuesday, calling it a “terrorist act” and attributing the blame to Israel. In discussions with Lebanese counterpart Abdallah Bou Habib, Araghchi expressed condolences and offered support, according to Iran’s Foreign Ministry. Iran’s ambassador to Lebanon was among those injured […]

MANCHESTER UNITED CRUSHES BARNSLEY 7-0, WITH ANTONY AND RASHFORD SHINING

Sports

< 1 mn read Manchester United secured a resounding 7-0 victory over Barnsley in the League Cup third round on Tuesday, with Antony scoring his first goal of the season and Marcus Rashford netting twice to continue his revival. United, struggling in the Premier League with two defeats in their first four games, dominated their third-tier opponents at Old […]

SEAN “DIDDY” COMBS PLEADS NOT GUILTY TO RACKETEERING AND SEX TRAFFICKING CHARGES

Entertainment

< 1 mn read Sean “Diddy” Combs, 54, pleaded not guilty on Tuesday to racketeering and sex trafficking charges during a court appearance in Manhattan. Combs was arrested by federal agents in New York on Monday and is accused of sexually abusing women and coercing them into drug-fueled sex parties through threats and violence. In the courtroom, where he […]

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