fuel subsidy
13 Dec
World Bank Lead Economist for Nigeria, Alex Sienaert, said the country’s economy is expected to grow at an average annual rate of 3.5% in 2023-2026 with the continued implementation of macroeconomic stabilization reforms. Sienaert said this in a statement on the Nigeria Development Update (NDU) report by the World Bank. The NDU is a biannual…
29 Nov
Retirees, under the aegis of the Nigeria Union of Pensioners (NUP), yesterday, expressed their anguish over the recent removal of fuel subsidy, which they claimed, had brought about untold hardship and suffering for them.
13 Nov
Ahead of tomorrow’s (Tuesday) release of October 2023 inflation figures by the National Bureau of Statistics (NBS), multinational professional services network, KPMG, has said that headline inflation in Nigeria will reach 30 per cent by December 2023.
13 Nov
Chairman, House Committee on Navy, Mr Yusuf Adamu Gagdi has faulted media reports that he called for the probe of President Bola Ahmed Tinubu to ascertain the proceeds accruable from the removal of fuel subsidy in the country.
17 Oct 2023
The Former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged President Bola Tinubu's administration to adopt institutional palliatives to alleviate the economic challenges facing Nigerians. Agbakoba who made the call in an interview with AriseTV on Tuesday, said governments of other countries also pay subsidies as it is not peculiar to Nigeria…
9 Oct 2023
Who really cares for the poor? Nigerians are among the best in the world in many professions and human endeavours.
3 Oct 2023
On October 1, 1960 when the Union Jack was lowered and the green-white-green flag was raised signifying our country’s independence, there was undiluted optimism exhibited by Nigerians and their leaders.
2 Oct 2023
Socio-Economic Rights and Accountability Project (SERAP), at the weekend, sued the 36 state governors at the Federal High Court, Lagos over failure to account for the N72 billion palliative collected from the Federal Government, including details of the beneficiarie
24 Sep 2023
A university don, Mr Godwin Kwalbe, has advised government at all levels against cosmetic approach to addressing multidimensional poverty affecting a huge population of the country.
23 Sep 2023
*Committee set up by Tinubu to reconcile NNPC's remittances to FAAC submits preliminary report Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the federation account in 2021 before transitioning to a commercial venture, the federal government has the biggest…
14 Sep 2023
Former President Muhammadu Buhari has backed the decision of the current administration to remove fuel subsidies, saying he had hoped that it would reduce the large number of people coming to see him in Daura. Buhari's spokesperson, Garba Shehu, disclosed this in a statement issued on Thursday to mark Buhari's 100 days out of office.…
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The Kogi State House of Assembly, during plenary on Tuesday, has asked the Economic and Financial Crimes Commission (EFCC) to remove the ‘wanted’ tag that it placed on Yahaya Bello, the immediate past governor of the state. EFCC declared Bello alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering…
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Two Premier League footballers have been arrested over rape allegations. The alleged rape incident is said to have taken place on Friday night. According to UK publication, The Sun, Cops stormed the club’s stadium this weekend and one of the players, aged 19, was spoken to on suspicion of assault and aiding and abetting a…
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The University of Nigeria Nsukka (UNN) on Tuesday suspended Mfonobong David Udoudom, a lecturer in the General Studies division, who was caught in a video allegedly harassing a female student. The university said that the indefinite suspension is with immediate effect pending the outcome of a disciplinary panel constituted to investigate the incident. UNN spokesperson,…
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The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has accused the former Kogi state Governor, Yahaya Bello, of withdrawing $720,000 from state's account to pay for his child’s school fees in advance. Olukoyede disclosed this during a press briefing on Tuesday, April 23. "A certain governor, because he knows he is…
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Nollywood actor, Olanrewaju James, popularly known as Baba Ijesha, has filed an appeal with the Court of Appeal. The actor filed the appeal at the Lagos Division, seeking to overturn his conviction by a Lagos State High Court for the sexual assault of a minor. Baba Ijesha, represented by his counsel Kayode Olabiran, argued that…
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The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts over suspicious forex flows. The EFCC chairman, Ola Olukoyede, who stated this on Tuesday said the agency discovered a new financial scheme that poses a significant threat to the stability of the foreign exchange market. According to Olukoyede, the scheme, known as the…
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Music Producer Kehinde Emmanuel, popularly known as Napji has accused Davido of not paying him his full royalties. Napji alleged he is the is the brain behind three of Davido's hit songs. In an "X" post, he disclosed that he produced the songs ‘Jowo’, ’Fem’ and Sunlight In the album A better time', but has…
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The coalition of opposition lawmakers in the 10th National Assembly known as the G60 has faulted the amendment and passage of the Rivers State Local Government (Amendment) Bill by the State House of Assembly. The Rivers State House of Assembly had on Monday passed the amended Bill into law overriding the assent of Governor Siminalayi…