General
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On Wednesday, the House of Representatives declined a motion aimed at halting the rise in the price of Premium Motor Spirit (PMS) and reverting to the previous rate of N537 per liter. Instead, the House opted to launch an investigation into the sudden escalation in PMS prices and its impact on transportation costs nationwide. The […]
President Bola Tinubu has directed a reassessment of his administration’s proposal to provide a monthly transfer of N8,000 to 12 million of the most impoverished households in the nation for a duration of six months. This measure was initially intended to mitigate the impact of the fuel subsidy removal. The plan was contained in a […]
A High Court in Abuja has nullified the arrest, detention and interrogation of the Suspended Central Bank Governor (CBN), Godwin Emefiele, by the Department of State Services (DSS). This is coming barely 24 hours after a Federal Capital Territory (FCT), Abuja, delivered a related judgement on the matter. In a judgment upon an Originating Motion […]
President Bola Tinubu has sent a letter to the National Assembly, requesting an amendment to the 2022 supplementary appropriation Act. The purpose of this amendment is to enable the Federal Government to access N500 billion in order to provide palliatives that will help mitigate the impact of subsidy removal. During the plenary session on Wednesday, […]
During an online meeting with the Nigerian-American Coalition for Justice and Democracy, Mr. Julius Abure, the National Chairman of the Labour Party, revealed that he had received information about the All Progressives Congress (APC) making preparations for a potential re-run of the 2023 presidential election. Abure urged members of the Labour Party to remain vigilant. […]
In a tweet on Tuesday, Femi Adesina, a former spokesman for ex-President Muhammadu Buhari, suggested that the Bishop of the Catholic Diocese of Sokoto, Matthew Kukah, may still hold resentment towards Buhari for not appointing him as Nigeria’s President. Adesina’s tweet came shortly after Kukah made remarks stating that Nigerians had witnessed a severe phase […]
The House of Representatives has called upon the National Universities Commission (NUC) to suspend the implementation of the tuition fee increase in universities. This request was made during a motion put forward by Aliyu Sani Madaki. Madaki highlighted that several universities, including Bayero University, Kano; the University of Nigeria, Nsukka; the University of Uyo; University […]
The Minister of Works and Housing, Babatunde Fashola, told a media briefing after the council meeting on Wednesday that five road projects totaling 274.9 kilometers of federal road under the Federal Government Road Infrastructure Tax Credit Policy will be advanced by the Dangote industries as a tax credit. He explained that the move is also […]
The board and management of BOC Gases Nigeria Plc, have notified the Nigerian Exchange Group Limited (NGX) of the appointment of Mrs. Aderonke Omowunmi Segun-Alabi as the new company secretary. This is contained in a notice dated 8th July 2021 and signed by the Finance Director, Adeshinai Alayaki. The company announced that the appointment of […]
The bears resurfaced on the nation’s bourse on Thursday, halting gains posted in the last three trading sessions due to profit taking. Specifically, the All-Share Index dipped 31.44 points or 0.18 per cent to close at 38,469.87 from 38,501.31 achieved on Wednesday. Similarly, the market capitalisation lost N27 billion or 0.13 per cent to close […]
