NewsReports

The National Economic Council, on Thursday, in Abuja, proposed that State Governments implement cash transfer programmes using state-generated social registers, to soften the harsh economic realities since the discontinuance of petrol subsidy on May 29. This is different from the National Social Register, which, as of 2023, has captured over 61 million vulnerable Nigerians eligible for various government social programmes. …

Justice Binta Nyako of the Federal High Court on Thursday granted the request of the detained leader of the Indigenous People of Biafra (IPOB) Nnamdi Kanu, permission to access the medical doctor of his choice while in the custody of the State security service. The court held that Kanu is entitled to the medical doctor of his choice however added …

First batch of petrol, 27 million litres imported by an independent marketer has arrived in the country, putting an end to a downstream monopoly market once enjoyed by the Nigerian National Petroleum Company Limited. The vessel, ST Nnene earlier billed to arrive since last week, but was held down off Lome waters due to adverse weather, birthed at Ijegun-Egba on …

The Federal High Court in Abuja, on Wednesday, threatened to issue a warrant for the arrest of the suspended Governor of Central Bank of Nigeria, Godwin Emefiele, over his failure to appear in court to explain the circumstances surrounding an unpaid $53m legal fee arising from the Paris Club refund. Justice Inyang Ekwo, who ordered Emefiele to appear on the …

The Senate is, at the moment, in a closed-door meeting few minutes into the commencement  of today’s  plenary, largely necessitated by the list of ministerial nominees believed to have been submitted by the Presidency. Soon after taking petitions, which is the fifth item in the Order Paper, the President of the  Senate, Godswill Akpabio, announced that the Senators should go into an executive session  …

No fewer than 2,500 ghost workers have been uncovered from the payroll of local government areas in Benue State. There are 23 local governments in the state. Benue State Governor, Hyacinth Alia, disclosed this in a press statement issued by his Chief Press Secretary, Kula Tersoo, and made available to journalists in Makurdi on Thursday. The governor, who gave reason …

National Vice Chairman, North West, of the ruling All Progressives Congress APC, Salihu Moh. Lukman has described as grossly insensitive and politically suicidal, attempts by some party stakeholders to install the immediate-past Governor of Kano state, Dr Abdullahi Ganduje as National Chairman of the party. Noting that the move would distort the zoning formula of the party which zoned the …

•Hike to worsen manufacturers’ woes, many SMEs will die, MAN, LCCI lament •NLC considers emergency meeting, PDP slams FG as Reps summon NNPCL boss Members of the organised private sector, on Wednesday, expressed fear over the possible shutdown of businesses and job losses following the hike in the pump price of Premium Motor Spirit, popularly called petrol, by the Nigerian …

• PLATTS, FX rate constitutes over 80% build-up cost of PMS• Experts charge stakeholders on deepening FX market Major Oil Marketers Association of Nigeria (MOMAN) has emphasised that the gains from subsidy removal should be urgently invested in the promised palliatives, especially subsidised transportation, as well as social investment programmes for healthcare, education and infrastructure developments. Speaking in Lagos, yesterday, …

President Bola Ahmed Tinubu has told Nigerians that he will deliver on the promises he made inspite of the challenges currently facing the country. Tinubu said this on Wednesday in his address to Muslims to usher in the New Islamic Year while imploring them to imbibe the important values of patience, perseverance, and faithfulness, which were the hallmarks of Prophet …