Aliko Dangote, Africa’s wealthiest individual, experienced a significant decline in his net worth this year, amounting to a loss of $3.61 billion due to the devaluation of the Nigerian naira by the Central Bank of Nigeria (CBN). Despite this setback, Dangote retained his position as Africa’s richest person for the 12th consecutive year, ending the…
Nigeria’s electricity distribution companies (DisCos) are reportedly considering a nationwide increase in electricity tariffs from January 1, 2024. A source within one of the DisCos confirmed this development to DAILY TRUST on the condition of anonymity. However, the Nigerian Electricity Regulatory Commission (NERC) and Abuja Electricity Company have not responded to inquiries from DAILY POST…
The Senate has given its approval to President Bola Tinubu’s request for the 2022-2024 external borrowing rolling plan, which includes a sum of $7.4 billion and 100 million euros. This decision follows the adoption of the report presented by the Senate Committee on Local and Foreign Debt during a plenary session. Haruna Manu, the Vice…
Governor Ademola Adeleke has expressed appreciation for the collaborative efforts of development partners in Osun State towards the growth and progress of various communities in the region. His commendation came during the 2023 Community Development Day Celebration held at the Osogbo township stadium. During the event, Governor Adeleke emphasized the significance of community development as…
The All Progressives Grand Alliance (APGA) has defended Governor Chukwuma Soludo of Anambra State against calls for his resignation following the recent killing of two policemen in the state. APGA stated that Governor Soludo cannot be held responsible for the tragic incident and, therefore, should not be pressured to step down from his position. In…
President Bola Tinubu is scheduled to deliver a New Year’s Day address to the nation on Monday, January 1, 2024, at 7 am. The announcement was made in a statement released on Sunday by Ajuri Ngelale, the President’s Special Adviser on Media and Publicity. In his upcoming broadcast, Tinubu will speak on various issues facing…
The Liberia National Elections Commission (NEC) has honoured Prof. Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC), for his significant contributions to the advancement of the country’s electoral systems. Madam Davidetta Lansanah, Chairperson of the NEC, presented Yakubu with the award during an event marking the commission’s dedication of a workspace for its…
The Labour Party in Edo State has dismissed a document circulating online titled “Guidelines and Timetable for Edo State Governorship Primaries,” branding it as fake. The document, purportedly signed by Dr. Abayomi Arabambi, claims to outline the party’s internal election process for selecting its 2024 gubernatorial candidate. In a press release issued on Friday, Comrade…
The recent transition of power in Ondo State, triggered by the passing of former Governor Oluwarotimi Akeredolu, has set the stage for a competitive race to fill the vacant Deputy Governor position. Several prominent figures have emerged as frontrunners in this closely watched contest, adding complexity to the selection process and highlighting the intricate dynamics…
Governor Dapo Abiodun of Ogun State has signed the 2024 appropriation bill amounting to N703.02 billion into law. The governor expressed optimism that the budget would propel the state to become Nigeria’s infrastructure capital and foster its overall development. The signing took place at the governor’s office in Abeokuta, where the bill was presented to…