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Economy

Bauchi Governor’s Transformation Agenda: Supporters Rally Behind Senator Bala Mohammed Amid Criticism

Bauchi State Governor, Senator Bala Mohammed, has been facing intense criticism from certain quarters, but strong supporters, led by Dr. Abubakar Suleiman Akko, the Chairman of the Democracy Watch Initiative, Gombe State Chapter, has come out in his defence, giving…

N50 Million Lawsuit Filed Against Nigerian Police Chief, Stanbic Bank for Unlawful Arrest and Harassment

A lawsuit seeking N50 million in damages for human rights violations has been filed against the Inspector General of Police, Lagos State Commissioner of Police, and Stanbic IBTC Plc, among others. The plaintiffs, including Eugene Okwudili Okonkwo and family members,…

GTBank Under Scrutiny As House of Reps Launches Probe into Alleged Corruption, Money Laundering

The House of Representatives has launched an investigation into serious allegations against Guaranty Trust Holding Company Plc and its Group Chief Executive Officer, Mr. Segun Agbaje. The allegations include fictitious profit reporting, utilization of family members as fronts for illicit…

FCT Budget: Wike Commended For Rebuilding Trust, Confidence In Public Officials Under Tinubu

The Concerned Young Leaders Forum has praised the Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike, for revitalizing trust and confidence in public officials under President Bola Tinubu’s leadership. In a statement signed by Dr. James Titus Uzah,…

BILLION NAIRA BONANZA: FG Unleashes N24.78 Billion Lifeline to 991,261 Vulnerable Households!

In a massive move to alleviate poverty and transform lives, the Federal Government has released a staggering N24.78 billion in conditional cash transfers to 991,261 households across Nigeria’s 36 states and the Federal Capital Territory. Associate Professor Badamasi Lawal, National…

Challenges, Opportunities for MSMEs As CBN Raises Interest Rate to 27.25%

In a bold move to curb inflation, the Central Bank of Nigeria (CBN) has again increased its Monetary Policy Rate (MPR) by 50 basis points to 27.25%. The CBN Governor Olayemi Cardoso announced the decision after the 297th Monetary Policy…

Niger Delta Lawyers Want Port Harcourt Refinery Operational Before End Of September As Promised By NNPCL, Mele Kyari

Lawyers from the Niger Delta region have given the Nigerian National Petroleum Company Limited (NNPCL) and its Managing Director, Mele Kyari, an ultimatum: ensure the Port Harcourt Refinery is operational before the end of September. This demand follows the refinery’s…

Enugu State’s Newly Elected LGA Leaders Urged to Prioritize People’s Welfare As Save Enugu Group Congratulates Winners

The Save Enugu Group (SEG), a frontline accountability watchdog and socio-political pressure group, has congratulated the winners of Enugu State’s local government elections, advising them to focus on delivering the greater good. “As leaders at the grassroots, your focus should…

Dangote Refinery: How FX Intervention Can Slash Petrol Prices Below N600 Per Liter — Refinery Operators

The Crude Oil Refiners Association of Nigeria (CORAN) has called on the Nigerian government to peg foreign exchange at N1000 per dollar to reduce Dangote Refinery’s petrol price to below N600 per liter. This suggestion comes amid the current petrol…

Nigeria’s Economic Woes: Bukar Reveals How Inefficient Ports Drive Trade to Neighboring Benin Republic

Nigeria’s struggling economy has been dealt another blow as its inefficient ports continue to drive trade volumes to neighboring Benin Republic. According to Kyari Bukar, former Chairman of the Nigerian Economic Summit Group (NESG), the country’s clumsy bureaucracies and bottlenecks…