The Economic Community of West African States has rejected the Niger junta’s objective for a transition of power presumably to a democratic government within three years. “Our ambition is not to confiscate power,” the Head of the military junta, General Abdourahamane Tiani said in a televised address. Any transition of power “would not go beyond three years”, … [Read more…]
A non-governmental organisation, Health of Mother Earth Foundation (HOMEF), has expressed concerns over the creation of new Ministries of Gas Resources and that of Marine and Blue Economy, saying the decision by President Bola Tinubu may pose threat to the environment of oil field communities. This is as it expressed the hope that President Tinubu … [Read more…]
England’s wait to win a first Women’s World Cup title goes on following defeat by Spain in the final on a heartbreaking evening in Sydney on Sunday. The Lionesses, looking to become the first England senior side since the men’s team in 1966 to win the World Cup, were outplayed by a Spanish side full … [Read more…]
As part of its efforts to boost the gross domestic product of the state economy through diversification, the Enugu State government has concluded plans to enter into a partnership agreement with a major international airline carrier, Ethiopian Airlines. The relationship will also foster mutual economic growth between the two bodies in aviation, including exploring different … [Read more…]
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…]