News
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Bayo Onanuga has warned Nigerians to stop attacking President Bola Tinubu over the increase in price of petrol. Onanuga, the Director of Media and Publicity for the dissolved All Progressives Congress (APC) Presidential Campaign Council was reacting to the hike in petrol pump price from N500 per litre to N617 per litre. This has led […]
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 […]
The Athletics Integrity Unit (AIU) has handed Nigeria’s Tobi Amusan a provisional suspension for allegedly missing drug tests. AIU announced the sanction in a statement on its Twitter account on Wednesday. “The AIU confirms that it has today charged and provisionally suspended Tobi Amusan (NGR) for 3 Whereabouts Failures,” the statement reads. Amusan earlier took […]
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 […]
The Federal Government, in collaboration with the Federal Competition and Consumer Protection Commission, is set to take decisive action against trade association members found guilty of engaging in anti-competitive practices and unjustifiably raising food prices. Chief Executive Officer of the FCCPC, Babatunde Irukera, said this on Tuesday during a forum organised by the commission to […]
Nigeria’s headline inflation rate continued its upward trajectory, reaching a new high of 22.79 percent in June 2023, according to the latest data released by the National Bureau of Statistics on Monday. This marks the sixth consecutive increase in inflation, with the rate climbing from 22.41 percent in the previous month to its current 17-year […]
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 […]
Access Bank Plc, the primary subsidiary of Access Holdings, has successfully finalized its acquisition of a majority stake in Finibanco Angola S.A., an Angolan entity. This significant milestone was disclosed in a notice submitted to the Nigerian Exchange Limited on Thursday. The agreement to acquire Finibanco Angola S.A. was initially announced by Access Holdings on […]
In a strong display of commitment, Nigeria has once again affirmed its dedication to fulfilling its debt service obligations. On Wednesday, the government successfully repaid a $500 million Eurobond that was borrowed in 2013 during the tenure of former President Goodluck Jonathan. A press statement released by the Debt Management Office confirms that the Eurobond, […]
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, […]
