FG Blasts PDP Governors Over Comment On Hardship In Nigeria, Says Party Part Of The Problem
The Federal Government has blamed the governors elected on the platform of the Peoples Democratic Party (PDP) for the economic hardships Nigerians are facing. ”It is a fact that many of the PDP Governors have not paid N30,000 minimum wage to their workers since it took effect more than 4 years ago. All of these anomalies in their states contribute...
Buhari’s Policies Responsible For Hunger In The Land, Don’t Blame Tinubu — Oshiomhole
Nigerians are still bearing the effects of the policies of ex-President Muhammadu Buhari, Adams Oshiomhole, senator representing Edo North Senatorial District, has said. Some of the policies introduced by the President Bola Tinubu-led government have led to hardship, especially the removal of petrol subsidy, which tripled the pump price of fuel. But the president has repeatedly told Nigerians that there were...
Nigerians Groan As Bag Of Rice Hits N77,000
This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the prices of staples had almost...
Pensioners Threaten Naked Protest Over Escalating Prices Of Goods
The Nigeria Union of Pensioners says its members will take to the streets naked, if the welfare of pensioners in the country does not improve significantly any time soon. The National President of the union, Godwin Abumusi, told journalists at a news briefing in Abuja on Friday that his union will take the action to draw the attention of the...
No More Loans For FG, CBN Declares
The Central Bank of Nigeria (CBN) says it has discontinued granting loans through its Ways and Means advances to the federal government. The CBN Governor, Olayemi Cardoso, said the decision was because of the government’s failure to settle its outstanding debt. Cardoso said this on Friday at an interactive session with the Senate Committee on Banking, Insurance and other Financial Institutions...
Nigeria’s Economic Problem Generational, Tinubu Working Hard To Tackle It — APC
Felix Morka, the All Progressives Congress (APC) Publicity Secretary, has said that the economic problems the President Bola Tinubu-led administration is working to tackle were created generationally. Morka stated this while commenting on the hardship Nigerians are facing as a result of some economic policies introduced by President Biola Ahmed Tinubu in an interview on Channels TV’s Politics Today. He said...
CBN Pumps $500m Into Forex Market, Promises To Clear Backlog Soon
In a move aimed at addressing the persistent backlog of verified foreign exchange (forex) transactions, the Central Bank of Nigeria (CBN) has injected another $500 million into the market. This comes barely a week after the bank injected approximately $2 billion to settle outstanding commitments across the manufacturing, aviation, and petroleum sectors. Mrs. Hakama Sidi Ali, Acting Director of the Corporate...
Shettima Urges African Leaders To Ramp up 3% of continent’s global GDP
Vice President Kashim Shettima, has implored African leaders to work towards ramping up the total $3.1 trillion Gross Domestic Product (GDP) of countries on the continent, amounting to a paltry three percent of the overall global GDP. The Vice President, who gave the charge during the African Economy of Scale Plenary on the sidelines of the ongoing World Economic Forum...
How Vessel With 200,000 Litres Of Stolen Crude Was Intercepted In Delta
The Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude. The vessel was arrested by a joint sting operation carried out by the Nigerian Navy and a private security firm Tantita Security Services. Twenty three suspects...
VP Shettima Jets Out To Switzerland For World Economic Forum
The Vice President, Senator Kashim Shettima, has departed Abuja for the World Economic Forum in Davos, Switzerland. This was disclosed in a statement on Sunday by the Vice President’s spokesman, Stanley Nkwocha, saying the trip was at the instance of President Bola Ahmed Tinubu. At the 2024 forum, Shettima will “join other political and business leaders across the world at the...
