Comrade Philip Shaibu, the Deputy Governor of Edo State, faced an unexpected obstacle on Monday. He was denied access to his office in the Government House. A source revealed that the gate to his office was locked, and no one could open it. Shaibu waited for nearly half an hour before leaving the premises. The …
Edo Deputy Governor Barred from Government House Office Read More »
A building with over 500 rooms collapsed in Lagos’ Ketu area. At least two people are now in critical condition at a private hospital. The building at Agboye Estate on Oduntan Street first partially gave way on Saturday. This happened after hours of heavy rainfall across most parts of Lagos. On Sunday afternoon, residents were …
Two Injured as 500-Room Building Collapses in Lagos Read More »
A tragic event unfolded in the Okanla community, Osun State, as armed men attacked the palace of the late Olokanla of Okanla. The assailants killed Ibrahim Qudus, a young man seeking university admission, and set the building on fire. Jimoh Qadri, uncle to the deceased, revealed that the attackers were led by a man named …
Gunmen Slay University Hopeful and Torch Osun Palace Read More »
The Federal Government and the Nigerian Labour Congress (NLC) are set to meet today to address concerns over a potential industrial action. Olajide Oshundun, the Director of Information at the Ministry of Labour and Employment, announced the meeting in a statement released on Sunday. Simon Lalong, the Minister of Labour and Employment, has extended another …
FG and Labour to Discuss Post-Subsidy Issues Amid Strike Threats Read More »
Prof. Mojisola Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), has refuted claims that the exit of GlaxoSmithKline (GSK) is behind the rising drug prices in Nigeria. She addressed these speculations in Lagos, stating that the primary reason for the price hike is the depreciation of the naira. …
NAFDAC Denies GSK’s Exit as Cause for Rising Drug Prices in Nigeria Read More »
Gas retailers have issued a warning: the price of a 12.5kg cooking gas cylinder may skyrocket to N18,000 by December. This will happen if the Federal Government doesn’t intervene in the activities of terminal owners. Olatunbosun Oladapo, President of the Nigerian Association of Liquefied Petroleum Gas Marketers, disclosed that prices have risen sharply. The price …
Cooking Gas Prices in Nigeria Could Soar to N18,000 by Year-End Read More »
The National Assembly is fast-tracking the screening of nominees for the Central Bank of Nigeria (CBN) Governor and deputies. This coincides with the list of two ministerial nominees from President Bola Tinubu. Yemi Cardoso, previously Lagos State’s Commissioner for Budget and Economic Planning, is the new CBN governor nominee. Tinubu has also nominated four new …
National Assembly Fast-Tracks CBN Governor Screening Amid Forex Crisis Read More »
Twenty-three states in Nigeria have experienced a 64.26% hike in bilateral loans. The total now stands at $462.81 million as of the end of June. Most of these loans come from countries like China, India, and France. This is despite the naira’s ongoing depreciation, making dollar-denominated loans pricier. In June 2023, the Central Bank of …
Nigerian States See 64% Surge in Foreign Loans in Six Months Read More »
Professor Wole Soyinka stated that Atiku Abubakar and Peter Obi essentially gave victory to President Bola Tinubu in the 2023 presidential election. Atiku and Obi ran under different parties, the Peoples Democratic Party and the Labour Party, respectively. Soyinka dismissed claims from opposition supporters that Tinubu did not win. He has been countering this narrative, …
Soyinka Claims Atiku and Obi Gifted Election Victory to Tinubu Read More »
The cost of crude oil has surged, reaching about $94 per barrel. This increase and the depreciation of the naira against the US dollar may lead to a hike in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. Oil marketers revealed that the Federal Government has been quietly increasing the subsidy …
Fuel Prices on the Rise: Marketers Consider Hike as Crude Hits $94 Read More »
