Author: Chief Editor

*Ndume, Kalu, Buhari, Musa, others eye senate leader The race for principal offices in the 10th senate has started, following the successful inauguration of the National Assembly and the emergence of Godswill Akpabio (South-south)  as  Senate President and Barau Jibrin (North-West) as his deputy. The remaining four principal officers positions – Senate Leader, Deputy Senate Leader, Chief Whip and Deputy Whip – would now be shared among the North Central, North West, South East and the North East geopolitical zones. Apart from the North Central, all the zones had been adequately represented in the top positions so far decided in…

*Pegs withdrawal from domiciliary accounts at $10, 000 per day*To prioritise orderly settlement of FX forward transactions to boost market confidence *Directs banks to ensure expeditious processing of BTA, PTA, school fees, others *Apex bank to normalise its CRR maintenance processes, ensure equity The Central Bank of Nigeria (CBN), yesterday, clarified that the recent policy changes introduced in the country’s foreign exchange (FX) market were meant to promote transparency, liquidity, and price discovery in the market in order to improve supply, discourage speculation, enhance customer confidence, as well as ensure overall stability in the FX market. CBN also announced that…

*Protest rocks Angola over fuel price hike *Fuel subsidy: NLC, TUC resume talks with FG today The cost of shipping oil from Nigeria surged the most in more than a year this weekend, prompting some ship owners to stay away from Africa’s largest oil producer, a Bloomberg report has said. This emerged as the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) were expected to resume talks today with the federal government over steps being taken to alleviate the suffering associated with the withdrawal of fuel subsidy by the administration of President Bola Tinubu. Freight for ships hauling about…

• Tinubu, NERC at crossroads as naira floating, inflation disrupt MYTO• Energy cost may push households, SMEs’ spending to 70% amid unavailable electricity• Stakeholders raise concerns over impacts on economy, poverty Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all forms of energy subsidy in the country. With a monthly subsidy of about N50 billion still in the electricity sector owing to revenue shortfall, the tariff hike due from July 1, may be another acid test for…

Former Governor Nyesom Wike of Rivers State, on Sunday, disclosed that he was poisoned at the secretariat of the Peoples Democratic Party, PDP, in 2018. Wike said the poison affected his liver and kidneys, adding that it almost killed him but for God’s intervention. He disclosed this during a special Thanksgiving service organised by his family at the St. Peters Deanery, Rumuepirikom, Obio-Akpor area of the state. The former governor said he was flown to Beirut at midnight, where doctors informed him that his liver and kidneys were gone. According to wike, after attending to him, the doctors informed him…

The Middle Belt Forum, MBF, has alleged that the eight years of Nasir El-Rufai as governor of Kaduna State was characterised with massive killings and decimation of Christian-dominated areas of Southern Kaduna. The forum noted that the former governor acted unconcerned with the genocidal attacks on communities located in the south where scores of towns and villages were decimated and tens of thousands killed, including deploying religion to subjugate the area by denying the indigenous groups political appointments. Dr Isuwa Dogo, the National Publicity Secretary of the forum, in a statement on Sunday, condemned the pronouncements by the former governor…

Representatives of the Federal Government and the leadership of the Nigeria Labour Congress, NLC, will on Monday, today, resume talks on petrol subsidy removal palliatives. Recall that following the removal of the fuel subsidy on May 29, the NLC had threatened to shut down the country’s economy by embarking on industrial action. However, on June 5, NLC announced the suspension of its planned strike after a series of meetings with the federal government. The NLC and the Trade Union Congress, TUC, however, made some demands which would cushion the effect of the hike in fuel price and other essential commodities…

Former President Olusegun Obasanjo yesterday said Nigeria has not been fair to farmers in the country. According to him, the researchers, financial institutions and government have all conspired to victimise those who are in the business of farming. He spoke in Lagos while delivering his keynote address at the Agribusiness Investors’ Network organised by the Innovative Youth in Agriculture (I-Youth) in partnership with International Institute of Tropical Agriculture (IITA) and Mastercard Foundation. Obasanjo specifically decried the inability of farmers to access sustainable funding from financial institutions, saying the current double-digit interest rate given by banks is too prohibitive and cannot…

Justice Zainab Bulkachuwa, wife of Adamu Bulkachuwa, Senator who represented Bauchi North in the 9th Assembly, has defended her judicial integrity. She was reacting to comments by her husband that he used his position to ask favour for his colleagues from his wife, the immediate past President of the Court of Appeal. Bulkachuwa on the floor of the Senate at the valedictory session of the 9th Assembly, had said, “I look at faces in this chamber who have come to me and sought my help when my wife was the President of the Court of Appeal, and I’m sure… “And…

Paris Saint-Germain superstar, Kylian Mbappe has responded to the backlash he has received after sending a letter to the club. The 2018 World Cup winner recently told the club through a letter that he has no intention to stay at the club beyond 2024 when his current deal will expire. The player’s decision has since angered the club, leading to mass backlash from PSG, and they have reportedly made him available for sale this summer. PSG do not want the former Monaco man to leave for free when his contract runs down in June 2024 and their president Nasser Al-Khelaifi…