Nigeria President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs, The transformative initiative, according to a release issued on Friday by presidential spokesperson, Ajuri Ngelale, is poised to revolutionize the … [Read more…]
President Bola Ahmed Tinubu on Friday met with Governor Peter Mbah of Enugu State at the Presidential Villa, Abuja. Although details of the meeting was not made known to the press, it was gathered the governor’s meeting was not unconnected with the development and security of Enugu State. Recall that Governor Mbah has expressed the … [Read more…]
The Central Bank of Nigeria (CBN) has introduced the GoLive of the Price Verification System (PVS) for importers. According to the apex bank, this follows the successful conduct of the pilot run and various training held with all the banks. This is just as the Central Bank of Nigeria (CBN) led Financial Services Regulation and … [Read more…]
The decision of the Central Bank of Nigeria (CBN) under President Bola Tinubu to float the naira is illegal and being challenged in court, human rights lawyer Femi Falana has said. On June 14, at a time when the naira traded between 730 and 755 to the dollar at the Investors and Exporters (I&E) window, … [Read more…]
Naira inched close to a 15 per cent gain against dollar in the parallel market within a week, trading around N820/$ in Lagos and Abuja yesterday evening. Reliable sources informed The Guardian that traders at major market clusters were hurriedly dumping dollars yesterday as fear of a further slide in the value of the greenback … [Read more…]
The President Bola Tinubu administration has no respect for the rule of law, a judge said during a ruling on Thursday. Nicholas Oweibo, a federal high court judge, in Lagos said this while giving his ruling on the ‘illegal possession of firearms and ammunition” charges against the suspended Central Bank of Nigeria, Godwin Emefiele. On Tuesday, … [Read more…]
The organised labour has knocked the Federal Government for releasing a N180bn palliative package to states to cushion the impact of the fuel subsidy removal. The Nigeria Labour Congress and the Trade Union Congress insisted that the governors could not be trusted, noting that politicians and not the poor would benefit from the N5bn largess … [Read more…]
World Athletics has cleared sprinter, Tobi Amusan to participate in the world championship in Budapest, Hungary after she was found not guilty of doping. In a message posted on X (formerly Twitter), the Athletics Integrity Unit, AIU said Amusan did not commit an anti-doping rule violation. Amusan successfully secured the upturning of the provisional ban … [Read more…]
The National Economic Council (NEC) has approved N5billion to each State of the Federal as palliative to cushion the effect of fuel subsidy removal. The decision was taken at Thursday’s meeting of the Council presided over by Vice President Kashim Shettima and attended State governors and other statutory members of NEC at the State House, … [Read more…]
The Chiefs of Defence Staff of member-states of the Economic Community of West African States (ECOWAS) have declared their readiness to intervene militarily to restore democratic order in Niger Republic if diplomatic measures fail. Rising from a meeting of the Defence Chiefs in Ghana on Thursday, the officers said they were ready to participate in … [Read more…]
Popular Afrobeats artiste, Naira Marley, has urged his fans popularly called Marlians and Nigerian youth to shun drugs and substance abuse as it is not good for their wellbeing. The Issa Goal crooner gave the advice during a visit to the Abuja headquarters of the National Drug Law Enforcement Agency (NDLEA) on Thursday. The singer was in … [Read more…]
Nigeriens have called for mass recruitment of volunteers to assist the army in the face of a growing threat by the West African regional bloc, ECOWAS who insists on tighter sanctions and military invasion if the junta refuses to reinstate the deposed President Mohamed Bazoum. The call for volunteers, spearhead by a group of locals … [Read more…]