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In a surprising turn of events, the Federal Government has taken steps to withdraw the “illegal possession of firearms” case it previously filed against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The development unfolded at the Federal High Court in Lagos, where the Director of Public Prosecutions (DPP) at the Federal Ministry…
The Advertising Regulatory Council of Nigeria (ARCON) has issued an order for the immediate nationwide removal and destruction of billboards displaying the phrase “All eyes on the judiciary.” Olalekan Fadolape, the Director General of ARCON, made this directive known through a statement on Tuesday. According to Fadolape, the concept behind the billboards was not approved…
The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for July 2023, revealing a significant uptick in the country’s inflation rate. According to the data, the headline inflation rate experienced a year-on-year increase of 1.29 percentage points, soaring to 24.08 percent in July. This surge marks a notable rise from…
The National Union of Air Transport Employees (NUATE) has issued a directive for workers in the Aviation Security and logistics sub-sector to initiate an immediate strike starting from Wednesday, August 16, 2023. This move comes as a result of dissatisfaction with the current wages provided to employees in the sector. In a circular sent to…
Senator Adams Oshiomhole, representing the Edo North Senatorial District, asserted in an interview that President Bola Tinubu inherited a challenging economic situation from the previous administration. Oshiomhole made this statement following a private meeting with Vice President Senator Kashim Shettima at the Presidential Villa in Abuja on Tuesday. Former Edo state governor Oshiomhole pointed out…
In an effort to provide aid to those affected by floods and disasters in Enugu State, the state government has contributed relief materials valued at over ₦80 million. These materials aim not only to offer immediate assistance but also to help affected individuals rebuild their lives and livelihoods. Furthermore, the National Emergency Management Agency (NEMA)…
Adetokunbo Pearse, a member of the Peoples Democratic Party (PDP) National Presidential Campaign Council, has criticized President Bola Tinubu’s economic policies, particularly the removal of petrol subsidy, referring to it as a disaster. Pearse shared his views during a recent appearance on a Channels TV programme. He voiced the concerns of Nigerians who are eager…
Simon Ekpa, the self-proclaimed Prime Minister of the proscribed Indigenous People of Biafra (IPOB), has issued a stern warning to oil-producing companies operating in the South-East region of Nigeria. He cautioned them against ignoring the Monday sit-at-home directive, which has been endorsed by his faction of the IPOB. In a video message shared on his…
In a bid to curb the devaluation of the Nigerian currency, the naira, the Central Bank of Nigeria (CBN) has laid out a series of intervention measures that are set to be unveiled in the coming days. The acting governor of the CBN, Folashodun Shonubi, shared this development with reporters on Monday following a meeting…
The Socio-Economic Rights and Accountability Project (SERAP) has taken a firm legal stance against Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas. SERAP has initiated legal proceedings in the Federal High Court, Lagos, challenging what it perceives as a controversial proposal to allocate a whopping N110 billion for various expenditures….