NewsReports

Major companies in Nigeria spent about N635.2 billion on power generation and utilization in 2023 amidst rising energy costs and its attendant impact on businesses. This represents a 41.5 per cent Year-on-Year (YoY) increase compared to N448.76 billion spent in the corresponding period in 2022. Details of the cost show that the bulk of the expenditure was on diesel and …

LANSING, Mich. — The protest-vote movement over President Joe Biden’s handling of the Israel-Hamas war has spread to several states and raised more questions about whether a small but significant number of Democrats angry at Biden might abandon him in November. A week after 101,000 Michigan voters chose “uncommitted” on their ballots, so did roughly 263,000 voters in the five Super Tuesday states where …

Fresh report by the Lagos-based Financial Derivatives Company Limited has re-echoed several factors that led to exchange rate weakness in Nigeria in recent times. According to the report, macroeconomic imbalances like high inflation and fiscal deficits; currency policy especially the floating of exchange rate are among the real factors. The report made available to Nigerian Tribune at the weekend, also …

Cleric begs Obaseki Thousands of indigenes and residents of Edo North Senatorial District yesterday peacefully protested against plot to impeach Edo State Deputy Governor Philip Shaibu. The protesters asked Governor Godwin Obaseki to give peace a chance. The demonstrators, who chanted anti-Obaseki songs, carried placards with inscriptions such as: “No to impeachment of Edo deputy governor”, “Peace cannot be kept by …

After over a decade of insurgency in the North-east, there has been a significant escalation of terrorism in the North-west zone of the country. From Kaduna, Zamfara, Niger, Katsina and Sokoto states, reports of killings, kidnappings, the destruction of properties and other forms of degradation of human lives continue to cascade ad nauseam. It is not, therefore, shocking that a …

Team Nigeria recorded a clean sweep of gold medals on Sunday at the ongoing African Games in Ghana, after six female wrestlers won in their various categories. The News Agency of Nigeria (NAN) reports that Mercy Genesis kicked off the gold medal rush, winning Nigeria’s first wrestling gold medal in the 50kg category. It was an atmosphere of joy and excitement for …

Against the backdrop of the resurgence of the mass abduction of pupils, the Federal Government has said schools in 14 states and the Federal Capital Territory, Abuja, are at risk of attacks by bandits and insurgents. The National Coordinator of Financing Safe Schools in Nigeria, Hajia Halima Iliya, confirmed to The PUNCH on Sunday, that the data of at-risk schools …

No cabal can hijack of Tinubu’s government Sub-regional forces are behind the escalating  insecurity in parts of the North, the Presidency said yesterday. Such elements aim to destabilize the country, Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said during a Sunday Politics chat on Television Continental (TVC). He however foreclosed the possibility of a cabal hijacking …

The Nigerian Government has asked all health workers to tender their resignations before relocating abroad. The Minister of State for Health, Dr Tunji Alausa, on Saturday, during his visit to the Neuro-Psychiatric Hospital, Aro, said the directive was contained in the Executive Order issued by President Bola Tinubu. He said that health workers going abroad to seek greener pastures must …

By Eben Enasco Oredo Government Council has a big central market location for wholesalers and retailers alike in Edo State, according to Dr. Tom Obaseki, the Chairman of the Council. He said he discovered after a close study that even as the biggest trading center, it is not confined such that street trading will be abolished. The Council Chairman averred …