President Tinubu has welcomed the National Bureau of Statistics (NBS)’s new report on the country’s trade balance. According to the report, Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95 trillion. The current surplus is 6.60% higher than the N6.52 trillion surplus recorded in the first quarter. Just days after the country recorded almost 100 percent oversubscription of its first $500 million domestic bond and half-year revenue of N9.1 trillion, the latest report underscores the increasing positive shifts in the economy over the last year. A statement by the Special Adviser to the President on Information…
Author: Abimbola Ogunaike
Gunmen on the early hours of Thursday, 12 September, 2024 blocked the Gusau-Funtua highway in Zamfara State, abducting an unspecified number of travelers. Eyewitnesses report that the bandits, riding on about 50 motorcycles with three persons each, mounted a roadblock around the Tazame axis of the highway around 7:00 am, abducting commuters and taking them into the bush. “We have been stuck here since morning, waiting for the military to clear the road,” said Yusuf Tsafe, a commuter stranded near the area. “The bandits were still on the road until around 9 a.m., and we could hear gunfire as the…
Ogun State Governor, Prince Dapo Abiodun has disclosed plans by his administration to introduce a price control mechanism in the state. Governor Abiodun also disclosed that henceforth, all forms of market levies have been suspended, noting that only development and environmental levies will be allowed, as they are meant for the development of markets in the state. The Governor made this known during a meeting with market leaders led by the Iyaloja General, Chief (Mrs.) Yemisi Abass, at the Governor’s Office, Oke-Mosan, Abeokuta. Prince Abiodun said as part of measures to control the uptick in the prices of food items,…
The crisis rocking the Labour Party (LP) is yet from over as the party’s Caretaker Committee in Abuja has urged Julius Abure to stop parading himself as the National Chairman of the party, saying his tenure expired on 9 June, 2029. The Secretary, Board of Trustees, of the party, Salisu Mohammed said this during a news conference organised by the leadership of the Labour National Transitional Committee, NTC, in Abuja. He said the decision was reached at the Umuahia stakeholder meeting by the Nenadi Usman-led Caretaker Committee which was lawful and legitimate. Mohammed said the NTC engaged and mobilised all…
The International Monetary Fund(IMF) has advised President Bola Ahmed to strengthen social protection for the vulnerable to cushion the impact of the recent hike in Premium Motor Spirit (Petrol) pump price and flooding. The Resident Representative of the IMF in Nigeria, Christian Ebeke ,made the call Wednesday, 11 September, 2024 during an Arise Television interview. Ebeke’s comments come as Nigerians groan over the hike in the petrol pump price to N897 and N980 per litre for the Nigerian National Petroleum Company Limited retail outlets and independent marketers filling stations from N617 and N720. According to the IMF boss, the development…
The Presidency on Wednesday, 111 September, 2024 described the 2023 Labour Party (LP) Presidential Candidate, Peter Obi, as the Nigerian version of former United States (US) President Donald Trump. The Senior Special Assistant to President Bola Tinubu on Media and Publicity, Temitope Ajayi, said Trump and Obi share some similarities. Ajayi, who made the remark on X while reacting to the US presidential debate between Trump and Vice President Kamala Harris, noted that both men use negative epithets to describe their respective countries. The presidential spokesman said Harris, a candidate of the Democrats, won the debate because she understood Trump’s weaknesses.…
Lagos State residents: Yakubu Ndahi, his wife Ann Lady Yakubu, and their little son have disappeared without trace, Daily Post reports. The medium gathered that Yakubu and his family had on 10 August,2024 departed Lagos State for Calabar, Cross Rivers State via a private vehicle but failed to arrive at their destination. Ann’s elder sister, Blessing Alechenu told the online medium on Thursday, 12 September, 2024 that she last heard from the couple at about 2pm, when they were still around Onitsha, Anambra State. She said her family became worried after it was discovered that Mr Yakubu and his family…
Tragedy has occurred again in Nollywood industry as famous filmmaker, producer and director, Shina Sanyaolu is dead. The late Sanyaolu is a prominent figure in the Yoruba film industry. Theatre Arts and Motion Pictures Practitioners Association of Nigeria, TAMPAN, Bolaji Amusan announced Sanyaolu’s death in an Instagram post on Wednesday, 11 September, 2024. Sharing his picture Bolaji wrote; “Sleep well Uncle Shina Sanyaolu.” The cause of his death remains unknown as colleagues in the industry take to social media to pay their last respects.
The Chief of Defense Staff, General Christopher Musa, has directed the Defense Joint Monitoring Team to ensure the achievement of the presidential mandate to produce 2.2 million barrels of crude oil in the Niger Delta region by December 2024. General Musa issued this directive during the official inauguration of the Defense Joint Monitoring Team at the Six Division of the Nigerian Army, PortHarcourt on Wednesday, 12 September, 2024 The CDS, who emphasized the need for the team to enhance security for lives and property in their operational areas, stressed the importance of professionalism and teamwork, just as he also warned…
United States Department of State is hosting the inaugural U.S.-Nigeria Strategic Energy Dialogue in Washington, DC. According to a statement by the United States Embassy, the meeting is being hosted on September 11-12, and a senior delegation from the Nigerian government is led by the Minister of State Petroleum Resources, Ekperikpe Ekpo. The statement read: “Bureau of Energy Resources (ENR) Assistant Secretary Geoffrey R. Pyatt, will lead the inaugural U.S.-Nigeria Strategic Energy Dialogue in Washington, DC on September 11-12, hosting a senior delegation from the Nigerian government led by the Honourable Minister of State Petroleum Resources Ekperikpe Ekpo. “In addition…