Tag: political news

The Edo State Governor, Monday Okpebholo, has dismissed the allegation of sacking civil servants employed during the administration of former Governor, Godwin Obaseki. Naija News reports that the Edo State chapter of the Peoples Democratic Party (PDP), in a statement on Thursday through its caretaker spokesman, Chris Nehikhare, expressed disappointment over the ‘sacking’ of civil…

.. The State Executive Committee (SEC) of the Peoples Democratic Party (PDP) Abia State chapter has approved the constitution of a State Reconciliation Committee for the party. The 11-member committee has Elder Amah Abraham as Chairman, Bar. Bob Chidozie Ogu as Secretary. The Abia PDP has been grappling with internal discord since the 2023…

Less than 48 hours before the Ondo State governorship election, three gubernatorial candidates have stepped down in support of the ruling All Progressives Congress (APC) candidate, Governor Lucky Aiyedatiwa. The candidates who endorsed Aiyedatiwa include Dr. Ajibola Falaye of the Accord Party, Hon. Jenyo Ataunko of the National Rescue Movement, and Olaide Ibrahim of the…

.. The National Bureau of Statistics (NBS) stated that Nigeria’s headline inflation rate rose to 33.88% in October 2024, up 1.18% from 32.70% in September. The figure also represents a 6.55% increase from October 2023, when inflation stood at 27.33%. According to the report released on Friday by the Statistician-General of the Federation, Prince…

The Federal Capital Territory (FCT) Minister, Nyesom Wike, has urged former Vice President Atiku Abubakar to abandon any hopes of securing the Peoples Democratic Party (PDP) presidential ticket for the 2027 election. Wike emphasized that the party’s ticket will not be “wasted” on individuals he described as “serial betrayers” facing the fallout from their past…

.. The shareholders of FBN Holdings have unanimously approved a total of N14.4bn as dividend for the financial year ended Dec. 31, 2023. They gave the approval at the company’s 12th Annual General Meeting which was conducted virtually on Thursday. The approved dividend translated to 40k per share. At the Annual General Meeting, Dr…

The Acting National Chairman of the Peoples Democracy Party (PDP), Umar Damagum, has warned the party supporters in Ondo State not to yield to intimidation in the upcoming Ondo governorship election. He urged the party members to boldly cast and defend their votes till the final collation. Damagum stated this during the final campaign rally…

Access Bank has agreed to acquire a majority stake in Afrasia Bank Limited, which is the fourth largest bank by total assets in the Republic of Mauritius which stood at $5.7bn as of half-year 2024. A corporate notice filed on the Nigerian Exchange Limited by the parent company of the bank, Access Holdings Plc on…

.. The Chairman of African Petroleum Regulatory Forum (AFRIPERF) and the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has called on oil producing countries in the continent to cooperate amid intense calls for energy transition. Komolafe made the call while speaking at AFEIPERF second meeting held virtually. The meeting…

The defamation case filed against social critic, Vincent Otse, also known as Very Dark Man (VDM), by Senior Advocate of Nigeria, Femi Falana and his son, Folarin, popularly known as Falz, at the Lagos state High Court sitting in Ikeja, could not proceed today November 14 because most of the applications filed by the parties…

The Peoples Democratic Party (PDP) in Jigawa State has responded to recent allegations targeting former Jigawa State Governor and PDP founding member, Sule Lamido, by the Northern Youths Movement (NYM). The accusations were reportedly linked to an article titled “You were part of the rebellion against PDP in 2014,” allegedly backed by the Minister of…

United Bank for Africa (UBA) Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria. The rights issue which opened on Friday (today) allows existing shareholders to purchase one…

The ECOWAS Court of Justice, on Thursday, dismissed a lawsuit filed by the Socio-Economic Rights and Accountability Project (SERAP), which sought N50m in compensation from the Federal Government for each victim of the Abuja-Kaduna train attack. In March 2022, terrorists bombed an Abuja-Kaduna railway near Rigasa, Kaduna, attacking over 970 passengers onboard. The incident led…

The Zamfara State Government has stated that it does not know the number of civil servants in the state. The government lamented over the alarming number of ghost workers in the State Civil Service. Speaking to newsmen in Gusau, the State Head of Service (HoS), Barrister Ahmad Liman, said the situation has become perplexing and…

Operators of Small and Medium Enterprises say that the goal of expanding their businesses is becoming less feasible due to the hostile economic environment, especially the foreign exchange crisis, which is hitting import-reliant industries particularly hard. Business expansion dreams look less likely for industry players as Nigeria’s Gross Domestic Product which grew by 3.19 per…

Former Commissioner in Ebonyi State, Abia Onyike, has defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress in the state. Naija News reports that Onyike, a former Deputy National President of the Nigeria Union of Journalists, announced his decision to leave PDP at a ceremony in Owutu Edda Ward, located in…

The Chairman of Obio/Akpo local government area of Rivers State, Chijioke Ihunwo, has advised President Bola Tinubu to be careful with the Federal Capital Territory (FCT) Minister, Nyesom Wike. Chijioke Ihunwo alleged that the former governor of Rivers State wants to contest against President Tinubu in the 2027 presidential election. Ihunwo, who said this in…

.. The global food import bill is expected to increase by 2.2 per cent from the previous year to over $2tn in 2024, according to a report by the Food and Agriculture Organization of the United Nations (FAO) released Thursday. The FAO attributed the increase to higher prices for cocoa, coffee, and tea, accompanied…

President Bola Tinubu has disclosed that his administration has successfully attracted $30 billion in Foreign Direct Investments (FDI) commitments in less than two years of taking over power. Tinubu stated this while opening the Comptroller General of Customs (CGC) 2024 conference in Abuja. Represented by the National Security Adviser, (NSA) Nuhu Ribadu, the President, noted…

.. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, on Thursday, stated that the Ultra Modern Fish Hatchery facility would enhance the aquaculture sub-sector and generate revenue for Nigerian farmers. Speaking at the commissioning of the Ultra Modern fish facility in Calabar, Cross River State, Kyari said the facility has the capacity…