NewsReports

Nigeria’s Chief of Defence Staff (CDS), Major General Christopher Musa, declares that the country is bleeding economically, and every effort must be made to halt crude oil theft and other economic sabotage in the Niger Delta. “The country is bleeding. We need all the funds required for this country to grow and develop, and it’s only by stopping these criminals …

•Kidnappers move from expressways to Lagos, Ogun, Abuja city centres •Abductors kill two young victims, demand N700m ransom for nine others The scourge of abductions which has strangulated social and economic activities in the North-West has spread nationwide as bandits and other criminal elements have moved their operations into the major cities across the country. The hoodlums, who hitherto operated …

Minister of Interior, Olubunmi Tunji-Ojo on Tuesday, January 16, failed to appear before the Code of Conduct Bureau (CCB) for an interaction over his alleged link to one of the companies that got contract from the Ministry of Humanitarian Affairs, Disaster Management and Social Development.  The minister, who was scheduled to appear before the CCB at about 11.00am on Tuesday reportedly wrote …

-as external reserves decreases The exchange rate for a dollar to naira on the physical black market on Monday was N1, 280/US$ as against N1,260 against the greenback last week. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency gained some grounds against the greenback as it closed at  N838.95 to the dollar, compared to last Friday’s N890.54/US$1. …

Expectations are high as the $20 billion Dangote Refinery commenced operations after President Bola Tinubu removed fuel subsidy in May. As Nigeria battles economic hardship resulting from the removal of fuel subsidy, experts revealed some benefits expected from the refinery. Foreign reserves The operations of Dangote refinery will produce 650,000 barrels per day and since it can be exported, it …

The Rivers State House of Assembly, on Monday, invited nine former commissioners who resigned from the cabinet of Governor Siminalayi Fubara, for fresh screening as commissioners. The commissioners resigned in the heat of the crisis between Fubara and his predecessor and estranged political godfather, Nyesom Wike. A good number of them previously served in Wike’s cabinet and retained the same …

Nigerians have reacted to the huge amount of money used by the Federal Government to subsidise electricity, advising the government to remove the subsidy in exchange for prepaid meters. These reactions to follows remark made by the Minister of Power, Adebayo Adelabu during his visit to the Electricity Distribution company Head Office in Ibadan where he mentioned that the Federal …

President Bola Tinubu, former President Muhammadu Buhari and his wife, Aisha and former Head of State, Genral Yakubu Gowon, among others, on Tuesday, January 16, officially unveiled a book titled: “Working with Buhari (2015 – 2023)” in Abuja. Also presented was a five volume book on “Muhammadu Buhari: The Nigerian Legacy – 2015 – 2023 (Vols 1-5), edited by Dr Udu Yakubu. …

Tells residents, ‘don’t panic, we ain’t sleeping’ Reads riot act to council chairmen  The Federal Capital Territory FCT Minister, Ezenwo Nyesom Wike, has summoned an emergency security meeting in the wake of the increasing wave of kidnapping by bandits in Bwari Area Council and some other parts of the territory. At the opening session, Wike assured residents that his administration …

The Senator representing Kebbi Central, Senator Adamu Aliero, has lamented that the continued closure of the land border between Nigeria and the Republic of Niger has caused serious damage to the economy of states bordering the country. Adamu Aliero Aliero, a two-term governor of Kebbi State, while speaking on Arise Television monitored by our correspondent on Tuesday, said the closure …