Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said yesterday that the Federal Government has suspended removal of fuel subsidy. She said the government had made provisions for subsidy in the 2022 budget from January to June this year, adding that government will forward a request to the National Assembly to make additional … [Read more…]
Independent National Electoral Commission (INEC), yesterday, called on both chambers of the National Assembly to harmonise and speedily pass the amended Electoral Act Bill. INEC said it was already racing against time with regard to preparations for the 2023 general election, noting that the framework was needed to back up its actions. National Commissioner, … [Read more…]
Two non-governmental organisations, the Coalition for Good Governance and Economic Justice in Africa and the Unity Project Nigeria have, this weekend, jointly condemned the gruesome murder of Hanifa, a five-year-old pupil who was abducted and eventually murdered by the proprietor of the primary school she attended in Kano. Describing the incident as a “harrowing … [Read more…]
Nigerians seem to be at crossroads over the move by the Federal Government to suspend payment of subsidy on Premium Motor Spirit (PMS), popularly called petrol. President Muhammadu Buhari had in August 2021 signed the Petroleum Industry Bill into law, signaling an end to petrol subsidy. But in what looks like a dramatic twist, … [Read more…]
A new amendment to the Electoral Act has precluded the possibility of voters challenging credentials submitted to the Independent National Electoral Commission by candidates, The PUNCH has learnt. The proposed law, if signed by the President, Major General Muhammadu Buhari (retd.), will allow only those who participated in the party primary to challenge in court, … [Read more…]
Nigeria’s economy, particularly the financial sector is faced with the risk of increased capital outflow in 2022 given the proposed interest rate hike by the United States of America’s Federal Reserve Bank (US Fed), equity researchers have said. Additionally, they said the rate hike would increase the cost of foreign borrowing for Nigeria and possibly … [Read more…]
Former Commissioner of Information in Edo State and a member of opposition Peoples Democratic Party, PDP, Mr. Kassim Afegbua, has said former Vice President Atiku was not qualified to contest the 2023 presidential election on account of old age. He said PDP could not keep giving its ticket to Atiku, saying it would be … [Read more…]
Opinion: David Umahi Vying for Presidency – Genius or Blunder By Dele Sobowale “Luck is what happens when preparation meets opportunity.” When Chief David Umahi, Governor of Ebonyi State, decamped from the Peoples Democratic Party, PDP, on whose ticket he was elected, to the All Progressives Congress, APC, my first instinct was to denounce his … [Read more…]
The royal family of Mburubu community in Nkanu East Local Government of Enugu State has announced the burial date of the His Royal Majesty, Igwe Emmanuel Mmuonyelu Ogbuzulu Eze JP, Igwe Ozulumba 1. According to information made available to Pacesetter on Sunday, January 23 from Prince Lawrence Ozoemena Ezeh, the Igwe will begin his final … [Read more…]
Opinion: Reviewing Soludo’s Highbrow Non-aligned Team By Ike Abonyi “Democracy, good governance and modernity cannot be imported or imposed from outside the country.” — Emile Lahoud Last November, Anambra voters elected a vibrant and young academic (1984 grad of the University of Nigeria, Nsukka) to replace outgoing banker, Willie Obiano, at the Government House, Awka. … [Read more…]
The House of Representatives, yesterday, passed for second reading, a bill to repeal the Investments and Securities Act (ISA) 2007 and enact the Investments and Securities Act to establish Securities and Exchange Commission (SEC). The bill, which seeks to make SEC the apex regulatory authority for the Nigerian capital market, prescribes 10-year jail term … [Read more…]
The Federal Government has lauded the commitment of the Nigerian Communications Commission (NCC) towards enhancing digital skills development among youths, through the implementation of various Information Communication Technology (ICT) skill acquisition programmes. Minister of Interior, Ogbeni Rauf Aregbesola and the Minister of Communications and Digital Economy, Prof Ibrahim Pantami, gave the commendation during the … [Read more…]