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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President Bola Tinubu has called on the nation’s Judiciary to embark on reforms that will ensure functional justice system and support economic growth.
41 mins ago
Dr. Umar Ganduje, the National Chairman of the All Progressives Congress (APC), has said that the party would provide solutions to the challenges bedevilling the country. Ganduje stated this during the APC grand finale campaign and the presentation of party flags to the 11 local council chairmanship candidates, on Wednesday in Gombe. The News Agency…
44 mins ago
Nigerian chess master and founder, ‘Chess in Slums Africa’, Tunde Onakoya has returned to Nigeria after he broke the Guinness World Record for the longest time playing chess without losing a game. Onakoya broke the record of Norwegian players, Hallvard Haug Flatebø and Sjur Ferkingstad, who played for 56-hour, 9-minute in 2018. He made his…
48 mins ago
The Rivers Commissioner for Finance, Mr. Isaac Kamalu, resigned his appointment on Wednesday. He is the second commissioner to resign from the cabinet on Wednesday after Gov. Siminialaye Fubara, announced a slight cabinet reshuffle on Tuesday. The first to resign was Prof. Zacchaeus Adangor, Attorney-General and Commissioner for Justice. In the cabinet reshuffle, the governor…
53 mins ago
In furtherance of efforts to sanitize the mining sector, the federal government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying Licenses, six months after revoking 1,663 licences. The revocation licences include 528 exploration licenses; 20 mining licences; 101 quarry licenses, and 273 Small Scale Mining Licenses (SSML). Minister of Solid Minerals…
1 hour ago
Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users. It is the final day of a two-week course on selling products abroad via the short video app -- which despite…
1 hour ago
The Tertiary Education Trust Fund (TETFund) said over 2.5 million Nigerian students have so far enrolled on its Tertiary Education, Research, Applications and Services (TERAS) platform. Executive Secretary of the Fund, Arc. Sonny Echono stated this on Wednesday in Abuja at the Second Registrar's workshop and 75th business meeting of the Association of Registrars of…
1 hour ago
Manchester City's Premier League title bid suffered a blow after Norway striker Erling Haaland was ruled out of Thursday's crucial clash at Brighton. Haaland missed City's 1-0 win over Chelsea in the FA Cup semi-final at Wembley on Saturday due to a muscle injury sustained in the Champions League quarter-final exit against Real Madrid last…
1 hour ago
Palestinian militant group Hamas released on Wednesday a video of an Israeli-American man held hostage in Gaza and seen alive in the footage. Israeli media identified him as Hersh Goldberg-Polin, who was abducted from the Nova music festival in southern Israel during the Hamas attack on October 7. "I went to hang out with my…
2 hours ago
The Joint Admission and Matriculation Board (JAMB), has said that a father has been arrested alongside his son who is a candidate by the Police for impersonating his son during the ongoing Unified Tertiary Matriculation Examination (UTME). The JAMB Registrar, Prof. Ishaq Oloyede disclosed this while on an inspection tour of the UTME centres in…