NewsReports

The Lagos State High Court has ordered Martin Otse, popularly known as VeryDarkMan, a controversial social media critic, to remove defamatory comments and videos involving lawyer and human rights activist Femi Falana (SAN) and his son, rapper Folarin Falana (Falz). Justice M.O. Dawodu made the ruling on Monday, October 14, 2024, in suit no: ID/8584/GCM/2024. The case stemmed from publications …

•World Bank: Economic policies hurting ordinary Nigerians   •Projects 3.3% economic growth for Nigeria in 2024, 3.6% next year • Bagudu: FG determined to stay the course, deepen implementation of revised national devt plan  •Oyedele: New tax regime may take effect January 2025  •CBN reaffirms commitment to subduing inflation  •MAN wants manufacturers’ constraints addressed President Bola Tinubu yesterday called for increased …

Vice President Kashim Shettima says President Bola Tinubu-led government is building a resilient economy that can withstand shock. Shettima made this known in Abuja at the 30th Nigerian Economic Summit (NES30), with the theme: ”Collaborative Action for Growth, Competitiveness and Stability” “It is also important to note that stability is not just about managing crises as they arise. It is …

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation Ltd. (NNPCL), Mele Kyari, has stated that petrol smugglers hid under the subsidy loophole to make around N17 million per truck in neighbouring countries. The NNPCL boss revealed this in Abuja while addressing the media on the government’s efforts to deregulate the oil and gas sector. According to …

The Nigerian National Petroleum Company Limited has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre. This followed the intervention of the Department of State Services in the controversy between the two parties. The National Vice President of IPMAN, Hammed Fashola, told our correspondent that the intervention of …

…demands collaborative action to drive economic growth President Bola Tinubu has said that Nigeria must prioritise economic diversification to move forward, reaffirming his administration’s commitment to focus on sectors that can offer inclusive and sustainable growth, such as agriculture, manufacturing, and the digital economy. He, therefore, called for increased cooperation among government agencies, the private sector and international partners to …

The Peoples Democratic Party (PDP) says it has filed a petition at the election petition tribunal to challenge the victory of the All Progressives Congress(APC) at the 21 September governorship election in Edo. The state chairman of PDP, Anthony Aziegbemi, disclosed this at a news conference on Monday in Benin, the state capital. Mr Aziegbemi said that the party filed …

….payment takes immediate effect The Ogun State Governor, Prince Dapo Abiodun, on Monday, approved N77,000 as the new minimum wage for workers on the lowest cadre in the service. This was disclosed by the Secretary to the State Government, Mr Tokunbo Talabi, after a meeting with the leadership of the organized labour in the state, stating that the payment takes …

•Recommend ways to check their excesses The doctrine of Separation of Powers in a constitutional democracy is designed to keep the three branches of government separate and serve as checks and balances. It is a theoretical framework meant to help and ensure that leaders and operators of the various institutions of government do not allow their selfish interests to override …

The federal government yesterday reiterated that it has ended petrol pricing, explaining that direct purchase mechanism allows marketers of premium motor spirit (PMS) to negotiate commercial terms directly with refineries. The initiative is expected to foster a more competitive market environment and enable a smoother supply chain.Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this. …