News

Saturday, 05 August 2023 04:24

S&P revises Nigeria outlook to stable on fiscal, monetary reforms

S&P Global Ratings on Friday revised its outlook on Nigeria to stable from negative, citing the government's recent reforms which the credit ratings agency believes could benefit the country's growth and fiscal outcomes if delivered. The agency also affirmed its rating for Africa's largest economy at 'B-/B'. Nigeria's new president, Bola Tinubu, has embarked on some fiscal reforms, which he hopes will kick-start growth and attract foreign investors into a country that has suffered chronic dollar shortages, making it difficult for companies to thrive. "Nigeria's newly elected government has moved quickly to implement a series of fiscal and monetary reforms,…

Friday, 04 August 2023 04:47

NLC fixes nationwide strike for August 14 over contempt of court charges

Barely 24 hours after meeting with President Bola Tinubu where an agreement was reached to call off their protests, the rapprochement between the organised labour and the Federal Government appeared to have collapsed as the unions on Thursday night vowed to embark on a nationwide strike from August 14 if their leaders were summoned for contempt of court orders. Nigeria Labour Congress hinged its decision on the contempt of court application filed by the Federal Ministry of Justice against the labour leaders on Wednesday. It threatened to down tools should the Federal Government fails to withdraw the lawsuit accusing the…

Thursday, 03 August 2023 05:00

Colleague describes heart wrenching last moments of young medical doctor who died in Lagos hospital elevator

A Twitter user with the username @LaseMoye, has described the last moments before the death of Vwaere Diaso, a medical doctor at Lagos Island General Hospital, Odan. Diaso died on Tuesday after an elevator she was in at the general hospital, fell from the 10th floor. The deceased was said to have been on her way to the ground floor to pick up a food delivery from a dispatch rider when the incident happened. Moye, who also works at the hospital, said she was standing in front of the elevator and pressed the open button but didn’t enter because she…

Thursday, 03 August 2023 04:34

Despite widespread calls for reduction in costs of governance, Tinubu appoints 47 ministers - highest since 1999

President Bola Tinubu has set the record for the highest number of ministerial nominees in Nigeria’s Fourth Republic (1999 to date). This is five ministerial nominees more than the 42 appointed by former president Muhammadu Buhari in 2019. A week ago, Tinubu nominated 28 people to be cleared by the senate to be ministers in his cabinet. On Wednesday, the president sent another list of 19 other people, making a total of 47 cabinet members. In his first term, Buhari named 36 ministers, and 42 ministers during his second term. Goodluck Jonathan in 2011 named 33 nominees to be ministers…

Thursday, 03 August 2023 04:32

Mass protests led by labour unions rocked Nigeria. This is how the rallies went nationwide

Organised Labour has applauded Nigerians for their massive solidarity and support in spite of intimidations and blackmails by those it tagged agents of government and forces of retrogression to discourage them from joining the mass protest called to ventilate citizens outrage at the anti-poor and anti-people policies of government. “Our hats are doffed at your determination and commitment to saving ourselves and indeed the nation from those whose only interest is to foist continuous deprivation and suffering on Nigerians.” The statement titled: “You have spoken loudly and clearly Nigerians: It resonated and resounded” and signed by Joe Ajaero and Festus…

Thursday, 03 August 2023 04:31

The president lied; ‘no one kobo has been saved from subsidy removal’ - NLC

Nigeria Labour Congress (NLC) has countered President Bola Tinubu over the claim that N1 trillion has been saved since his government stopped payment of fuel subsidy. In a nationwide broadcast on Monday, the president had said a total of N1 trillion had been saved since subsidy payment was stopped. “In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families,” he had said. But speaking during…

Wednesday, 02 August 2023 04:55

Labour insists on nationwide mass protests from today

The organised labour comprising Nigeria Labour Congress (NLC) and its Trade Union Congress (TUC) counterpart, has ruled out suspension of nationwide mass action against fuel price hike and other policies of the federal government. Joe Ajaero, President of NLC, disclosed this to journalists Tuesday night at Labour House, Abuja. Earlier, Festus Osifo, TUC President, had said labour leaders were going into a meeting to decide the final outcome on the protest. Osifo said this after a meeting with Federal Government representatives led by Femi Gbajabiamila, Chief of Staff to President Bola Tinubu. Gbajabiamila had said there were indications that labour…

Wednesday, 02 August 2023 04:54

Nigerians left cold by Tinubu’s economic policies as investors applaud - Bloomberg

President Bola Tinubu has barely been in power for two months but his radical reforms are already trying the patience of fellow Nigerians. Surging gasoline prices and rampant inflation following the abolition of fuel subsidies and exchange rate reform are hammering the poor in Africa’s most populous nation, where 40% of its citizens live in dire poverty. The same measures have been celebrated by foreign investors, the World Bank and International Monetary Fund. The stock market has risen more than 20% and the country’s dollar-denominated eurobonds have seen double-digit returns since the president’s May 29 inauguration. That’s no comfort to…

Wednesday, 02 August 2023 04:50

4 Nigerians ‘running from poverty and crime’ are rescued in Brazil after surviving 14 days on a ship’s rudder

On their tenth day at sea, the four Nigerian stowaways crossing the Atlantic in a tiny space above the rudder of a cargo ship ran out of food and drink. They survived another four days, according to their account, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria. Their remarkable, death-defying journey across some 5,600 kilometers (3,500 miles) of ocean underlines the risks some migrants are prepared to take for a shot at a better life. "It was a terrible experience for me," said 38-year-old Thankgod…

Wednesday, 02 August 2023 04:48

Aircraft crashes on busy Lagos street, passengers survive

A light aircraft crashed and burst into flames while on a test flight in Lagos, Nigeria's commercial capital, on Tuesday, the Nigerian Safety Investigation Bureau said. The bureau said it had commenced investigating the accident involving a Jabiru J430 light airplane with registration number 5N-CCQ, which occurred just after 1500 (1400 GMT). The aircraft was operated by Air First Hospitality & Tours and had two passengers on board, before it crashed around Oba Akran, a busy area of Lagos. There were no fatalities, the bureau said. Ibrahim Farinloye, Lagos state spokesperson for the National Emergency Management Agency, said two people…

More...

Tuesday, 01 August 2023 04:36

Tinubu acknowledges economic pains on Nigerians, rolls out palliatives

PRESS RELEASE My fellow citizens, I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. 2. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand. More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country. 3. For several years,…

Tuesday, 01 August 2023 04:33

No going back on planned strike, Organised Labour says

Organised Labour says its nationwide strike to protest the removal of petroleum subsidy will proceed as planned. The strike is scheduled to begin on Wednesday. The unions, comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), spoke after a meeting with government representatives at the presidential villa on Monday. The unions expressed doubt regarding the ability of President Bola Tinubu to effectively control inflation and petrol price due to the unification of the exchange rate. Joe Ajaero, president of the NLC, said the plan for workers to engage in a peaceful protest starting from Wednesday remains unchanged.…

Tuesday, 01 August 2023 04:31

Burkina Faso, Mali and Guinea go against ECOWAS, vow support to Niger military junta

The junta that seized power in Niger last week detained senior politicians on Monday, their party said, defying international calls to restore democratic rule, while fellow military rulers in West Africa expressed their support. The overthrow of President Mohamed Bazoum has sent shockwaves across West Africa, pitting Niger's former Western allies against the likes of Russia and other junta leaders in the region. The African Union, the U.N., the European Union and other powers have condemned the overthrow of Bazoum - the seventh military takeover in less than three years in West and Central Africa that has undermined democratic progress…

Tuesday, 01 August 2023 04:29

Supreme Court announces Nweze’s death

Supreme Court on Monday mourned one of its justices, Centus Nweze, who died at 64. A statement by the court’s Director of Press and Information, Festus Akande, said Nweze died on Sunday after a brief illness. “He had been a formidable ally of his brother Justices, an admirable pillar of support to the staff and management of the Supreme Court; and indeed, a dependable father-figure to all,” the statement said. He was also a doctoral degree holder and was Associate Professor of Law at the Ebonyi State University. Nweze, known for his oratorical prowess and prodigious academic writings on issues…

Page 93 of 229

News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS