Massive Layoff Sparks Protest At Oauth Ile Ife1

Massive Layoff Sparks Protest at OAUTH, Ile-Ife

Newly recruited workers at the Obafemi Awolowo University Teaching Hospital (OAUTH), Ile-Ife, Osun State, have peacefully protested following the hospital management’s decision to terminate their employment. The protest comes in the wake of a memo issued on January 31, 2024, by the acting Director of Administration, O. Omonije, which announced the retention of only 68 […]

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Oyo State Reinstates 23 Schools After Decade Long Closure1

Oyo State Reinstates 23 Schools After Decade-Long Closure

The Oyo State Government has officially reopened 23 schools across Atiba, Afijio, Oyo East, and Oyo West local government areas, ending a decade-long hiatus caused by land disputes. The state’s Deputy Governor, Bayo Lawal, announced the decision during a stakeholders’ meeting at the Western Hall, Secretariat, Ibadan. This meeting aimed to resolve the longstanding boundary

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Naira Sees Recovery As Banks Clear Excess Dollar Reserves1

Naira Sees Recovery as Banks Clear Excess Dollar Reserves

In response to the Central Bank of Nigeria’s (CBN) directive, Deposit Money Banks (DMBs) across Nigeria undertook significant efforts to offload their surplus dollar holdings ahead of the February 1, 2024, deadline. This move aimed to comply with the CBN’s new prudential guidelines, which were introduced to stabilize the nation’s volatile exchange rate and discourage

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Airfares Skyrocket By 55 Amid Naira Depreciation

Airfares Skyrocket by 55% Amid Naira Depreciation

The significant depreciation of the naira against the US dollar, by 55% at the official foreign exchange market, has directly impacted airfares on international routes from Nigeria, causing them to surge by a similar margin. This financial shift occurred after the FMDQ Exchange, which is responsible for recording the nation’s official exchange rate, revised its

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Nulge Advocates For Licensing Rather Than Demolishing Illegal Refineries1

NULGE Advocates for Licensing Rather Than Demolishing Illegal Refineries

The Nigeria Union of Local Government Employees (NULGE) has urged the Federal Government to reconsider its approach towards the refining sites in the Niger Delta, labelled as “illegal.” During a press conference concluding its National Executive Council meeting in Abuja, NULGE President Ambali Olatunji called on President Bola Tinubu to instruct the Nigerian Navy to

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Amina Arong Named Pdps New National Woman Leader

Amina Arong Named PDP’s New National Woman Leader

The People’s Democratic Party (PDP) has officially announced the appointment of Amina Arong from Cross River State as its new national female leader following the demise of Prof Stella Effah-Attoe in October 2023. Effah-Attoe, a key PDP National Working Committee member, passed away after a brief illness. Arong, who possesses a Diploma in Banking and

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Nigerias Power Supply Falls 3 In Third Quarter Says Nbs1

Nigeria’s Power Supply Falls 3% in Third Quarter, Says NBS

The National Bureau of Statistics (NBS) has reported a 3% decrease in Nigeria’s electricity supply during the third quarter of 2023. The supply dropped from 5,909.83 Gigawatt hours (GWh) in the second quarter to 5,731.60 Gwh in the third quarter, marking a reduction of 178.23 Gwh. Despite this quarterly dip, the report, titled ‘Nigeria Electricity

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Pdp Emblem Missing On Ballots For Plateau Election Re Run

PDP Emblem Missing on Ballots for Plateau Election Re-run

The Independent National Electoral Commission (INEC) initiated the distribution of sensitive electoral materials across six Local Government Areas in Plateau State in preparation for the upcoming Saturday re-run elections. This activity occurred at the Central Bank of Nigeria’s premises in Jos, observed by political party representatives, observers, journalists, and security personnel. However, the process hit

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Sowore Declines Collaboration With Labour Party Over Ideological Differences1

Sowore Declines Collaboration with Labour Party Over Ideological Differences

Omoyele Sowore, a staunch pro-democracy activist and the presidential candidate for the African Action Congress, has publicly articulated his reasons for not aligning with Peter Obi’s Labour Party. In a recent video posted on his X handle, Sowore highlighted the ideological disparities between his political stance and the Labour Party, asserting that the Labour Party,

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Dollar Drought Forces Abuja Bdcs To Cease Operations

Dollar Drought Forces Abuja BDCs to Cease Operations

In a significant development, Bureau De Change (BDC) operators in Abuja have declared a shutdown of their operations due to the acute scarcity of dollars. The announcement was made by the association’s Chairman, Abdulahi Dauran, highlighting the dire state of foreign currency availability. This decision, set to commence on Thursday, February 1, 2024, comes when

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