Politics
Prince Oyekan Elegushi Appoints as Ibile Holdings Executive Director.
Lagos government, under the leadership of Governor Babajide Olusola Sanwo-Olu, confirmed the appointment of Prince Oyekan Elegushi as an Executive Director of Ibile Holdings. The organisation is an agency of the Lagos State government saddled with the responsibilities created to spur economic growth of the state’s economy by deploying Capital in Commercial, Viable & Strategic …
N675M FURNITURE ALLOWANCE FOR ELECTED COUNCIL CHAIRMAN – KEBBI GOV. NASIR IDRIS APPROVED
The executive Governor of Kebbi State, Nasir Idris, has approved N675 million for furniture allowance to the 21 elected local council chairpersons. Ahmed Idris, the chief press secretary to the governor, disclosed this in a statement in Birnin Kebbi on Thursday, August 10. Iris quoted the Permanent Secretary, Ministry for Local Government and Chieftaincy Affairs, …
I’LL END NIGERIA’S OVER-RELIANCE ON BORROWINGS – PRESIDENT TINUBU VOWS
Speaking at the inauguration of the presidential committee on fiscal policy and tax reforms on Tuesday, August 8, the president said: “The consequences of the ongoing failure of our tax regime are real and significant. The inability of the government to efficiently raise revenue has led directly to an over-reliance on borrowing to finance public …
HANNATU MUSAWA TEARFULLY REVEALED WHAT HER FATHER SOLD TO ENSURE SHE ACQUIRED A WESTERN EDUCATION
A ministerial nominee from Katsina State, Hannatu Musawa, could not control her emotions on Tuesday when she broke down in tears while appearing before the Senate for screening. Ms Musawa, a lawyer, was among the 28 Nigerians nominated by President Bola Tinubu as ministers last Thursday. She is currently the presidential adviser on culture and …
NLC, TUC LEADERS MEET PRESIDENT TINUBU, SAYS PRESIDENT MADE COMMITMENTS
The President of the Nigeria Labour Congress (NLC) Joe Ajaero, and his counterpart of the Trade Union Congress of Nigeria (TUC), Festus Osifo, amid nationwide protests, met with President Bola Tinubu at the Presidential Villa on Wednesday, August 2, 2023. The labour leaders, who exited the Villa about 30 minutes after they arrived at 5:38 …
NAIRA TENDS TO COMEBACK: N700 PER $1, EXPERTS PREDICTS.
The research firm pointed to unusually low volatility in the stock market, with the S&P 500’s current realized volatility gauge measuring at 0.8% over the last 100 days. That puts the benchmark index “solidly in bull market territory,” as the bull/bear market line has held around 1.1% since April, according to DataTrek cofounder Nicholas Colas. …
LABOUR UNION PULLS DOWN NATIONAL ASSEMBLY’S GATE
Labour Union protesters pull down national assembly’s gate and force their way into the premises in Abuja Members of organized labour who are currently protesting in Abuja have forcefully pulled down the main gate of the National Assembly to gain entry into the complex. Armed policemen stationed at the entrance had locked the gate to …
JAMES IBORI RISKS 10 YEARS IN JAIL OVER £100MILLION
A court in the United Kingdom (UK) is set to order the seizure of more than 100 million pounds ($129 million) from the former governor of Delta state, James Ibori, who was convicted of fraud and money laundering in Britain, Reuters is reporting. Ibori, who was the governor of Delta from 1999 to 2007, was …
FEDERAL GOVERNMENT MAY RAISE MINIMUM WAGE TO N200 THOUSAND
There are strong indications that the federal government is favourably disposed to raising the minimum wage to as high as N200k per month as demanded by the organised labour in the country. However, state governors are urging for caution while Anambra State governor Charles Soludo has been asked to chair a Technical Working Group (TWG) …
WHY NAIRA DEVALUATION IS GOOD FOR NIGERIA – RENO OMOKRI
By Deborah Osagiede Popular public figure, Reno Omokri took to his social media platform to educate Nigerians on how naira devaluation is good for the country. In his post, he stated that “Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead …
