The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged for an immediate increase in oil production and a comprehensive economic diversification strategy to stabilize the country’s fluctuating exchange rate. He made this statement on Tuesday after a two-day Monetary Policy Committee (MPC) meeting in Abuja. Cardoso stressed that although initiatives aimed…
The Federal Government has predicted heavy rainfall in 15 states, affecting 35 specific locations nationwide. This warning was issued on Tuesday by the National Flood Early Warning Systems Centre under the Ministry of Environment. The projected period for these rains, which could lead to flooding, spans from September 24 to 28, 2024. Recommended StoriesEFCC summons…
The Rivers chapter of the People Democratic Party (PDP) has announced its decision to boycott the upcoming local government elections scheduled for October 5, 2024. The development comes after a stakeholders’ meeting at the PDP secretariat in Port Harcourt, where state party Chairman Aaron Chukwuemeka disclosed that the party will await the court verdict on…
Ahead of the anticipated defection of Senator Shehu Sani to the All Progressives Congress (APC), over 10,000 of his supporters have officially joined the ruling party in Kaduna State. Sani, who represented Kaduna Central in the Senate from 2015 to 2019 under the APC, later defected to the Peoples Democratic Party (PDP) and ran for…
A Federal High Court in Abuja has postponed the arraignment of former Kogi State Governor Yahaya Bello until October 30. The decision was made by Justice Emeka Nwite as Bello pursues an appeal in the Supreme Court against an arrest warrant issued by the trial court on April 17. The Economic and Financial Crimes Commission…
The Minister of State for Defence, Bello Matawalle, has explained his decision to engage in dialogue with bandits, despite accusations of sponsoring them. In an interview on Tuesday, Matawalle revealed that he was encouraged by residents of his state to pursue this approach. Matawalle recounted how, upon assuming the role of governor, he evaluated the…
President Bola Tinubu has asked the United Nations to prioritise debt forgiveness from creditors and multilateral financial institutions for Nigeria and other developing countries. President Tinubu who is the Chairman of the Authority of Heads of States and Government of the Economic Community of West African States (ECOWAS) made the call while addressing world leaders…
The Academic Staff Union of Universities (ASUU) has issued a 14-day ultimatum to the Federal Government to address unresolved issues dating back to 2009. In a statement on Wednesday, ASUU President Emmanuel Osodeke called for the conclusion of the renegotiation of the 2009 FGN/ASUU Agreement, based on the Nimi Briggs Committee’s 2021 Draft Agreement. The…
Justice Binta Nyako of the the Federal High Court in Abuja has withdrawn from the treason trial of the self acclaimed leader of the separatist group, the Indigenous People of Biafra (IPOB), Nnamdi Kanu. Justice Nyako announced her withdrawal on Tuesday shortly after Kanu demanded that the judge recuse herself from his trial. At the…
The Labour Party (LP) candidate in the September 21, 2024, Edo State governorship election, Barrister Olumide Akpata, has criticized the election outcome, describing it as a transaction where victory was awarded to the highest bidder. Akpata made the remarks following the Independent National Electoral Commission’s (INEC) declaration of Senator Monday Okpebholo of the All Progressives…
