FG’s Fuel and Forex Reforms to Unlock Over ₦10 Trillion for Infrastructure – Finance Minister
The Federal Government has outlined the economic benefits of recent reforms in Nigeria’s downstream petroleum sector and foreign exchange market, projecting over N10 trillion in savings to support critical infrastructure. These funds, freed from the termination of fuel and forex subsidies, are set to be channeled into essential sectors like education, healthcare, housing, and social […]
Jonathan Blames Judiciary for PDP Crises, Urges Supreme Court to Review Key Judgment
Former President Goodluck Jonathan has voiced concerns over the Judiciary’s impact on the ongoing crises within the Peoples Democratic Party (PDP), asserting that certain judicial rulings threaten Nigeria’s democratic stability. Speaking at a public event in Abuja to celebrate the 67th birthday of Senior Advocate of Nigeria (SAN) Mike Ozekhome, Jonathan referenced a contentious court […]
Lagos State Partners with Opay and Cowrywise to Offer Loans to Indigent Women Traders
Lagos State, in collaboration with financial services companies Opay and Cowry Wise, is working to provide loans to indigent women traders to help boost their capital and integrate them into the state’s financial inclusion system. This initiative was announced by Dr. Oreoluwa Finnih-Awokoya, the Special Adviser to the Lagos State Governor on Sustainable Development Goals […]
Gov. Fubara: “I’ll Protect Justice in the Rivers with My Last Breath”
Siminialayi Fubara, the Governor of Rivers State, has vowed to protect justice in the state with his “last breath.” Speaking at the 2024/2025 legal year service held at the Anglican Communion in Port Harcourt on Thursday, Fubara underscored the need to strengthen institutions to reduce the influence of politicians and individuals on governance. The governor […]
Former Nevada Politician Robert Telles Sentenced to Life in Prison for Murder of Journalist Jeff German
Robert Telles, the former Clark County public administrator, was sentenced to life in prison with the possibility of parole after 28 years for the murder of journalist Jeff German in September 2022. Telles, 50, was convicted in August for fatally stabbing the Las Vegas Review-Journal reporter, who had exposed alleged corruption in Telles’ office, leading […]
US Launches Precision Strikes on Houthi Weapons Sites in Yemen
The US has conducted “precision strikes” on five weapons storage sites in Yemen controlled by the Iran-backed Houthi movement, according to Defense Secretary Lloyd Austin. The operation involved B-2 Spirit stealth bombers targeting underground facilities that housed missiles and other munitions used in attacks on civilian and military vessels. Austin emphasized that the strikes demonstrated […]
EU Chief Ursula von der Leyen Suggests Adopting Elements of Italy’s Migrant Processing in Albania as Bloc Faces Migration Pressure
EU Chief Ursula von der Leyen Suggests Lessons from Italy’s Offshore Migrant Processing in Albania as EU Summit on Migration Looms EU Commission President Ursula von der Leyen has suggested that the bloc could “draw lessons” from Italy’s controversial policy of processing migrants offshore in Albania. In a letter to member states ahead of an […]
Atiku Calls for Rail Transport of Petroleum Products Following Jigawa Explosion
Former Vice-President Atiku Abubakar has called for Nigeria to consider using railways to transport petroleum products, emphasizing enhanced safety measures following a devastating petrol tanker explosion on the Kano-Hadejia expressway. The accident, which was confirmed by Jigawa police, claimed 90 lives and injured 50 more, many of whom were attempting to scoop fuel from the […]
Naira Among Worst-Performing Currencies in Sub-Saharan Africa in 2024 – World Bank
The World Bank’s Africa’s Pulse report has identified the Nigerian naira as one of the worst-performing currencies in sub-Saharan Africa for 2024, citing a year-to-date depreciation of about 43 percent by the end of August. This sharp decline is largely attributed to limited dollar inflows and slow foreign exchange disbursements by the Central Bank of Nigeria (CBN) […]
House of Representatives Urges FG to Reverse Petrol and Cooking Gas Price Hike
The House of Representatives has passed a resolution calling on the federal government to reverse the recent increases in petrol and cooking gas prices. The motion, co-sponsored by Kingsley Chinda (Minority Leader), Aliyu Madaki (Deputy Minority Leader), and 109 other lawmakers, was adopted during Wednesday’s plenary session. On October 9, the Nigerian National Petroleum Company […]
