The World Bank says Nigeria’s inflation rate is expected to rise to the fifth highest in Sub-Saharan Africa by the end of 2021, behind only Zimbabwe, Zambia, South Sudan and Angola. This was disclosed at the presentation of Nigeria’s Development Report for the first six months of 2021 by the World Bank … [Read more…]
THE Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has described the real estate sector as one with grand scale corruption in the country. The EFCC boss added that about 90 to 100 percent of resources are being laundered through the sector. Bawa stated this while featuring on Sunrise Daily, a … [Read more…]
Inflation is deepening poverty and crippling the economy, experts said yesterday as the National Bureau of Statistics (NBS) released its May figure. Although hardline inflation gained a marginal 0.19 per cent from the April rate, leaving it at 17.93 per cent, the World Bank said additional seven million people have been pushed below the … [Read more…]
Victims of an alleged scam perpetrated by a Lagos-based forex training and capital investment company, MBA Capital and Trading Limited, are worried over their unpaid dividend and capital, and the disappearance of the Chief Executive Officer, Maxwell Odum. The victims, numbering 52, said the total amount they were defrauded of was N122,510,000, adding that … [Read more…]
Democracy Day: Gov. Ugwuanyi’s Peace Apostleship — Paradigm In A Troubled Nigeria By Okenwa Cyril When the Prof. Humphrey Nwosu-led National Electoral Commission prior to 1993 general elections chose June 12, 1993 as the date for the presidential election, little or, at all did Nwosu and his men, and indeed all Nigerians know that … [Read more…]
THE son of the acclaimed winner of the June 12 presidential election, Kola Abiola, has said Nigeria’s democracy the way it was currently being practiced was not what his late father, Chief MKO Abiola, and several Nigerians died for. He further said it was not the kind of democracy several Nigerians laid … [Read more…]
De facto Customary Government of Biafra, led by Asari Dokubo, has flayed President Muhammadu Buhari for describing Igbo as a dot in a circle. The group, in a statement by the Head of Information and Communication, Uche Mefor, said the president’s statement clearly demonstrated his intent for a genocidal action against Ndigbo. … [Read more…]
Meanwhile, unknown persons, yesterday, raised the tension in Delta State as they threatened to attack Asaba, the state capital, and Agbor, if Governor Ifeanyi Okowa does not withdraw his support for the ban on open grazing within 72 hours. An unsigned letter containing the threat was pasted in strategic locations … [Read more…]
President Muhammadu Buhari’s pronouncement last week that his administration would reinstate cattle routes and grazing areas across the country to ensure herders have free access for their animals have continued to generate flaks In apparent response to the ban on open cattle grazing by the 17 Southern governors, the president said when the … [Read more…]
By Onochie Jon-Igwesi For a while now, from the position of the President of Nigeria, to the Gubernatorial positions of most states of the country, the discourse on virtually everyone’s lips has been the issue of adherence or otherwise to the principle of rotation and/or zoning of political offices among geopolitical and senatorial zones of … [Read more…]
Gov. Ugwuanyi’s Six Years of Laudable Democracy in Enugu State. By Prince Ejeh Josh The timeless expression that no nation or state has ever achieved virtuosic and remarkable feats without the strenuous efforts of some dedicated, selfless and goal-driven legends who took upon themselves, the pains and inconveniences associated with development and holistic … [Read more…]
