Tag: political news

.. Champion Breweries Plc has received a two-year extension from NGX Regulation Limited (NGX RegCo) to achieve the required free float threshold for companies listed on the Nigerian Exchange Limited’s (NGX) Main Board. The extension, covering 2024 to 2026, grants Champion Breweries additional time to meet NGX’s requirements, which mandate either 20 per cent…

Former presidential spokesman, Doyin Okupe has stated that Nigerians are being unduly critical of President Bola Tinubu’s administration. Okupe, who served as the Director General of Peter Obi’s campaign under the Labour Party during the 2023 presidential election, expressed his support for Tinubu’s reforms, describing them as essential for the nation’s survival. Okupe, speaking on…

.. Standard Chartered, an international cross-border bank, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor has announced the signing of a $350m risk participation agreement. This facility aims to bolster the trade finance needs of SMEs and corporates across Africa and South Asia and to boost economic growth…

A chieftain of the All Progressives Congress (APC), Musa Illiyasu Kwankwaso has advised President Bola Tinubu not to interfere in the Kwankwasiyya Movement crisis. This warning follows a meeting between Tinubu and leader of the Kwankwasiyya, Rabiu Musa Kwankwaso. The meeting was said to have been initiated by Kwankwaso. Reacting to the development via a…

.. Nigerians have seen over 70 per cent surge in food expenses while transport expenses have surged more than 40 per cent due to the country’s rising inflation, according to report. This was contained in the 2024 Piggyvest Savings Report which surveyed over 10,000 Nigerians across diverse age groups, gender and income levels. According…

The Governor of Plateau State, Caleb Mutfwang has disclosed that his administration inherited 42 abandoned infrastructural projects from his predecessor. He stated that the abandoned projects amounted to a sum of approximately ₦47 billion. The governor disclosed this while declaring open a five day training on Best Practices in Contemporary Construction and Procurement for the…

Former chairman of the Peoples Democratic Party (PDP) in Ebonyi State, Barrister Silas Onu, stated on Monday that no congress took place in the state last Saturday. Naija News had reported earlier that PDP elected Peter Nwele as its new chairman during the state congress held over the weekend in Abakaliki, the state capital. The…

The Peoples Democratic Party (PDP) has described the All Progressives Congress (APC) as a party of “political vampires” who thrive and relish in “sucking the blood” of citizens and foisting excruciating pain and hardship on Nigerians. The PDP further said the APC is a haven of power-grabbers, treasury looters and manipulators who are only out…

The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that…

The Minority Leader of Nigeria’s House of Representatives, Kingsley Chinda, has argued that the current presidential system of government no longer serves the nation effectively and should be replaced with a parliamentary system tailored to Nigeria’s needs. Speaking during an appearance on Inside Sources with Laolu Akande on Channels Television, Chinda stated, “I will clearly…

Stock markets worldwide went up on Monday while the US dollar weakened, as investors prepare for three major events: the upcoming US presidential election that looks too close to call, an important decision about interest rates, and expected plans from China to boost its economy. The oil market saw a significant boost, with prices jumping…

An Ikeja Sexual Offences and Domestic Violence Court on Monday sentenced an Islamic cleric, Alani Rafiu, to life imprisonment for def!ling a 14-year-old year girl. In his judgement, Justice Rahman Oshodi held that the prosecution proved each of the ingredients of def!lement against Rafiu. Mr Oshodi said that the gravity of the convict’s offence could not…

Former presidential spokesperson, Doyin Okupe, has tackled the 2023 presidential candidate of the Labour Party (LP), Peter Obi, over the ’emi lokan’ mantra used by President Bola Tinubu during the campaigns. According to Okupe, the ’emi lokan’ statement used by Tinubu prior to the 2023 elections was not a demand for the presidency but an…

The Minister of Works, David Umahi has disclosed the reason President Bola Tinubu ordered the rerouting of Lagos-Calabar Coastal Highway. He said the directive was given to avoid subsea telecommunications cables and essential services near the coastline. The Minister said two people had written a petition to Tinubu and the President subsequently called him and…

.. The newly appointed Minister of Industry, Trade, and Investment (FMITI), Jumoke Oduwole, on Monday, pledged her commitment to reposition the sector for the benefit of the country and all Nigerians. Oduwole shortly after taking the oath of office administered by President Bola Tinubu at the Presidential Villa, Abuja emphasized the need to reverse…

The Peoples Democratic Party (PDP), the leading opposition in Cross River State, has condemned last weekend’s local government elections, labeling them a “monumental fraud” unprecedented in the state’s political history. In a statement released in Calabar and signed by the party’s state chairman, Venatius Ikem, the PDP asserted, “We state boldly that never in the…

.. … Urge FG To Dismantle Dangote’s Monopoly Attempt Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has replied Dangote Petroleum Refinery with a promise to crash prices of Premium Motor Spirit below the current price which it described as high. PETROAN also vowed to end Dangote Refinery’s alleged monopoly which it claimed…

Controversial cross-dresser, Idris Okuneye, also known as Bobrisky, has reportedly flown out of Nigeria a few days after he was released by the Economic and Financial Crimes Commission, EFCC. Although he did not reveal his destination, Bobrisky, in a series of videos shared on his Instagram story on Monday morning, announced that he was travelling…

.. …Reps Committee Denies Accusing NUPRC Of N32bn Revenue Leakage, Non-Compliance With TSA … NNPCL Clears $29.6m Outstanding Royalties- NUPRC The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has said that it is a patriotic and transparent regulator and that no money is missing as reported. The Commission Chief Executive, Engr. Gbenga Komolafe said this…

The Nasarawa State Independent Electoral Commission (NASIEC) has awarded certificates of return to the 13 newly elected chairpersons of local government areas who emerged victorious in the recently conducted election. While presenting the certificates during a ceremony held at the commission’s headquarters on Monday, NASIEC Chairman, Barrister Ayuba Usman Wandai, stated that the event marked…