NEWS
Senator Kalu Calls For Economic Reforms, Austerity Measures Amid Hardship
Former Governor of Abia State and the Senator representing Abia North Senatorial District, Senator Orji Uzor Kalu, has stated that he is qualified to be president in 2027, adding that he would contest if President Bola Tinubu did not contest for a second term. Kalu made the comments on Thursday evening during an interview on Channels Television’s Politics Today. “Let me...
APC To Avoid Plateau LG Poll Reiteration
The Plateau State local government rerun election is scheduled for October 19, 2024, but the APC has decided not to participate. The party made this known on Thursday in a statement signed by its state publicity secretary, Shittu Bamaiyi. Bamaiyi stated that the party had directed its supporters to distance themselves from the re-run elections. The statement read: “The party has resolved...
Nestle Announces Leadership Shake-Up As Sales Slump
Nestle's new CEO announced a leadership change and lowered sales growth projections for 2024, a "painful reset" for the global food giant. Chief executive Laurent Freixe took over from Mark Schneider on September 1 in a surprise change at the top of the Swiss group, whose brands include everything from Nespresso coffee capsules to Purina dog food and Haagen-Dazs...
Be Security Conscious, NYSC Director Tells Youth Corpers
Benue Corps members are expected to leave a legacy during and after their required service year, according to Mrs. Grace, Director of the NYSC. She also charged the Corps Members to be security conscious as well as interact very well with people. Ogbuogebe, who was in Makurdi on Wednesday as part of her oversight tour of states under the zone, told...
“Better Days Under Tinubu” – Igbo Leader Assures
Mr. Chukwuemeka Obielom, the Igbo Diaspora United Congress head, has assured Nigerians of better days under Tinubu's administration. In a statement via email, Obielom said despite the economic challenges being experienced, “there is light at the end of the tunnel.”. “I am confident that President Tinubu will change things for the better in Nigeria. Although there is a global economic problem,...
Foreign Remittances Surge To $600m
The CBN has facilitated the remittance of approximately $600 million through International Money Transfer Operators (IMTOs) in one year. The apex bank governor, Olayemi Cardoso, broke the news yesterday at a ‘fireside’ event at the ongoing Nigeria Economic Summit (NES30), organized by the Nigeria Economic Summit Group (NESG). Policymakers, economists, and industry stakeholders were in attendance. READ ALSO: Naira Depreciates To 1,705/$...
VP Shettima Arrives Sweden For Two-Day Visit
In an effort to strengthen bilateral ties and trade, Vice President Kashim Shettima has traveled to Sweden for a two-day working visit. The vice president is accompanied by the Plateau State Governor, Caleb Mutfwang; the Minister of Foreign Affairs, Ambassador Yusuf Tuggar; and some heads of government agencies and parastatals. This was disclosed on Thursday morning by Shettima’s spokesman, Stanley Nkwocha. The...
Naira Depreciates To 1,705/$ At Parallel Market
The parallel market saw the value of the naira depreciate as it's traded at 1,705/$, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos, Aliyu Sani, told The Punch that he sold dollars for N1705 and bought at 1,695/$. In Abuja, the rate was lower at N1,700. A currency trader, Suraju Ajao, said that he...
Despite Tinubu, Shettima’s Absence, Presidency Says No Leadership Vacuum
There is no leadership vacuum despite President Bola Ahmed Tinubu and Vice President Kashim Shettima being out of the country, the Presidency said yesterday. Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the President and Vice President remain fully engaged with the nation’s affairs while abroad. President Tinubu on October 3 travelled for a two-week working vacation;...
Nigerians Have Stopped Complaining About High Cost Of Fuel Because We Have Made Light Available — Minister Of Power
Minister of Power, Adebayo Adelabu, says most Nigerians have stopped complaining about the high cost of petrol because they no longer rely solely on their generators for electricity. According to THISDAY, the minister stated this in Lagos, during his keynote address at the ongoing 2024 edition of the Nigeria Energy Exhibition and Conference, with the theme, “Breaking Barriers in the...
