Lagos Assembly speaker: Meranda may step down as Akande panel shortlists seven

Lagos Assembly speaker: Meranda may step down as Akande panel shortlists seven

Lagos Assembly speaker: Meranda may step down as Akande panel shortlists sevenThe speakership crisis rocking the Lagos State House of Assembly might be resolved soon as the intervention of heavyweights in the All Progressives Congress may be leading to a headway. The impeached Speaker, Mudashiru Obasa and the current Speaker, Mojisola Meranda, might be stepping aside for another lawmaker to lead the House The development follows the intervention of the […]

February 25, 2025 17

NEWS

World Bank may approve $500m loan to Nigeria today

The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained from the Washington-based institution on Thursday, the loan is for the Rural Access and Agricultural Marketing Project—Scale Up. It is designed to bridge the gap between rural communities and the broader […]

December 13, 2024 20

NEWS

PDP crisis: Damagum camp, anti-Wike govs may clash today

The 13 state governors elected on the platform of the Peoples Democratic Party are headed for a possible showdown today (Monday) as they meet to discuss the party’s internal crisis, which took a deeper turn on Friday following the emergence of a factional PDP National Chairman, Alhaji Yayari Mohammed. Friday’s development marked a new twist in the clamour to remove the PDP acting National Chairman, Umar Damagum, who is an […]

October 14, 2024 12

BUSINESS

Subsidy: FG may spend N236bn monthly on imported, Dangote petrol

The Federal Government may spend about N236 billion monthly to subsidise the Premium Motor Spirit, popularly called petrol, that is imported through the Nigerian National Petroleum Company and the one that is solely off-taken by NNPC from the Dangote Petroleum Refinery. On Monday, the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, called on the Federal Government to end fuel subsidies completely. He said the removal would help […]

September 25, 2024 32

BUSINESS

Public debt stock may hit N130tn by Dec – Report

Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio. This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst for a $1tn Economy, ‘ unveiled in Abuja recently. Nigeria’s public debt stock, which includes external and domestic debt, stood at N121.67tn in the first quarter of 2024, up from N97.34tn in the fourth […]

August 5, 2024 39

NEWS

Management may shut UNIBEN over protests

The Senate of the institution after a meeting, described the students action as unfortunate and said that the institution will be shut if dialogue with the student fails The Senate also expressed concerns over the blocking of the federal highway which caused hardship to vehicle owners, travellers and other commuters. The Senate’s resolution, was contained in a statement by the Public Relations Officer of the institution, Benedicta Ehanire on Wednesday […]

July 4, 2024 16

NEWS

Cholera: NCDC may declare emergency, Lagos issues safety guidelines

The Nigeria Centre for Disease Control and Prevention said, on Wednesday, it might declare an emergency on the outbreak of cholera in the country. The NCDC Director General, Dr Jide Idris, who spoke in Lagos, said the centre was monitoring the situation and might declare an emergency if data showed that the outbreak had gone beyond a manageable threshold. Olajide spoke at the Adetokunbo Alakija Memorial Travel Medicine Lecture held […]

June 20, 2024 8

BUSINESS

Dangote petrol supply: FG may slash N6tn fuel import

•N520bn monthly fuel import expected to drop as Dangote begins supply June The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of […]

May 20, 2024 19

BUSINESS

Minimum wage may not be less than N100,000 – Economist

Chief economist at SPM Professionals, Paul Alaje, shares his thoughts with AYOOLA OLASUPO on some of the recent economic policies made by the Federal Government among others Recently, the Central Bank of Nigeria increased Nigeria’s Monetary Policy Rate known as interest rate from 22.75% to 24.75%. What implications will this have on the private sector? What do you think of the Central Bank of Nigeria stimulating this programme at this point? I […]

April 29, 2024 40

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