The Peoples Democratic Party (PDP) in Benue State has expressed concern over what it perceives as a decline into anarchy under the leadership of Governor Hyacinth Alia. In a statement issued by the party’s spokesperson, Bemgba Iortyom, the PDP condemned the indefinite suspension of Terdoo Kenti, the Chairman of the All Progressives Congress (APC) in…
Onoh Lilian, a former Nigerian Ambassador to Namibia, has filed a libel lawsuit against the Former Minister of Foreign Affairs, Mr. Geoffrey Onyeama, and Mr. Gabriel Aduda, a Permanent Secretary at the ministry, at the U.S. District Court for the Northern District of Texas. The case has been assigned to Judge Jane Boyle for adjudication,…
The increasing cost of living has driven Nigerians to borrow approximately N740 billion from banks between January and September this year. An analysis of the Central Bank of Nigeria’s (CBN) quarterly economic reports reveals that consumer credit surged from N2.31 trillion in the fourth quarter of 2022 to N3.05 trillion by the end of the…
The National Pension Commission (PenCom) has released data showing that Nigeria’s pension fund assets surged to N17.658 trillion as of October 31, 2023. This represents a significant increase of about 1.78% compared to the N17.349 trillion reported in September 2023. The details of this growth were outlined in PenCom’s monthly report for October 2023. The…
Governor Umo Eno of Akwa Ibom State recently expressed his gratitude towards his predecessor, Udom Emmanuel, stating that Mr. Emmanuel has not exerted any undue influence on him since he assumed office about seven months ago. Speaking on Christmas Day in Mr. Emmanuel’s hometown of Awa Iman, Onna Local Government Area of Akwa Ibom, Governor…
Nigerian stocks have concluded the year 2023 with a remarkable surge, gaining 46.6% or N13 trillion in the Lagos market. This surge signifies a substantial improvement in the market value of equities compared to the previous year. The total value of the 155 equities at the close of trade on Friday stood at an impressive…
The Nigerian House of Representatives has put forward a bill that aims to make the delayed or failed payment of employees’ salaries by employers and corporate entities a criminal offense in the country. Sponsored by Wale Hammed, a House member representing the Agege Federal constituency in Lagos State, the bill, titled ‘The Employees Remuneration Protection…
The optimism of over 5000 aggrieved Maritime workers, who were ordered to leave the Seaport in 2000 by the then Minister of Transportation, Chief Ojo Maduweke, has been buoyed by a recent conciliatory meeting facilitated by the Ministry of Labour and Employment. At a press briefing on December 26, 2023, the union’s executives expressed hope…
The Lagos State Government has revealed plans for a two-night traffic diversion, scheduled from 12:00 midnight to 5:00 am, at the Alaka inward Stadium Flyover Bridge and Ojuelegba Flyover Bridge by the Fire Station. This temporary closure, starting from Friday, 29th to Saturday, 30th December 2023, is intended for the installation of truck barriers. According…
The Governor of Ogun State, Dapo Abiodun, speaking on behalf of the Southwest Governors Forum, has pledged the commitment of the forum to ensure a dignified burial for the late Governor of Ondo State, Rotimi Akeredolu, who passed away on Wednesday. Governor Abiodun made this announcement in Ibadan after visiting the family of the deceased…