President Bola Ahmed Tinubu is set to launch the Lagos Red line Project Today. In a statement issued by Gbenga Omotoso, Lagos Commissioner for Information On Wednesday, He said the train is the first phase of the project which will run from Agbado in Ogun state to Oyingbo in the heart of Lagos, and the commissioning of the Red Line train will signal the take-off of another major game changer in the state’s transportation infrastructure. “It brings to two the rail lines owned and operated by the Lagos State Government. The first, the Blue Line, runs from Marina to Mile…
Author: Omolemi Eboisetale
The Minister for Women Affairs, Uju Kennedy-Ohaneye, has counseled women across the country not to fight back or dispute when they have disagreements with their husbands at home. Avoiding verbal abuse will stop physical assault that could cause harm or death, the minister stated on Wednesday in Abuja at a Conference of Commissioners of State Ministries of Women Affairs in Nigeria. During a Conference of Commissioners of State Ministries of Women Affairs in Nigeria held on Wednesday in Abuja, the minister said Avoiding verbal abuse will stop physical assault that could cause harm or death. Minister Kennedy-Ohaneye urged women to…
President Bola Tinubu has assumed complete responsibility for Nigeria’s economic challenges, pledging to implement reforms aimed at steering the country towards prosperity. Addressing Afenifere leaders at the residence of Pa Reuben Fasoranti in Akure, Ondo State, on Wednesday, the President emphasized his commitment to leading Nigeria towards economic and social prosperity. ”Nigeria will survive the current economic challenges. There is light at the end of the tunnel. I requested the job, and I am not complaining about it. I take full responsibility. ”We are meeting our obligations to the international community. To lenders, we have not defaulted, and we are…
The Nigeria Labour Congress (NLC) Chairman in Ogun State, Hammed Ademola-Benco, restated the union’s unflinching stance on the proposed N1 million minimum wage for workers amidst a countrywide protest demanding economic reforms to address insecurity, hunger, and the skyrocketing cost of living. Addressing journalists in Abeokuta, the state capital, Ademola-Benco affirmed that the national leadership of the NLC remains resolute in its demand for a substantial increase in the minimum wage. The NLC’s insistence on the N1 million minimum wage comes amidst growing concerns over the adverse effects of inflation and economic policies on Nigerian workers. The call for the…
Nigeria’s Presidential Spokesman, Bayo Onanuga, In an interview on Channels Television’s Politics Today program, spoke about the potential economic consequences of unchecked activity by cryptocurrency trading platform Binance in Nigeria. Onanuga warned that failure to rein in Binance’s activities could lead to dire consequences for the country’s economy. “If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate,” Onanuga stated Nigeria is presently facing numerous economic difficulties, including soaring inflation, particularly in food prices, a foreign exchange crisis, and overall economic hardship exacerbated by the recent removal of petrol subsidies.…
The Chief of Defence Staff, General Christopher Musa, has called upon citizens to refrain from directing curses towards their own nation. General Musa made this plea during a one-day seminar organized by the Defence Correspondents’ Association of Nigeria (DECAN) at the Nigerian Army Resource Centre in Abuja. Addressing attendees at the seminar themed “Civil Military Relations: Non-Kinetic Efforts of the Nigerian Military in Security Management, Challenges, and Prospects,” General Musa emphasized the importance of national unity and ownership. He asserted that cursing or insulting the country does not contribute to its growth or development. General Musa stressed, “Cursing the country…
In response to mounting concerns over extortion and sexual exploitation, the Abia State government has taken a decisive step by banning all forms of beauty contests within its jurisdiction. This announcement was made by the Senior Special Assistant to the Governor on Entertainment and Tourism, Okey Justice Martins, during a press briefing held in Umuahia. Martins emphasized that the ban was prompted by reports stating the exploitation of participants in beauty pageants. He pointed out that certain individuals had been exploiting Abia girls under the guise of beauty contests, making false promises, and even facilitating their involvement in illicit activities.…
President Bola Tinubu has appointed Mr. Ibrahim Khalil Gaga as the Executive Director of Corporate Services at the Nigerian Export-Import Bank (NEXIM). This was disclosed in a statement released by Ajuri Ngelale, the special adviser to the President on media & publicity. Mr. Gaga, a seasoned lawyer with over 25 years of experience in both the banking sector and legal services, previously served as the Board Secretary and Legal Adviser of NEXIM Bank. His educational background includes an LLB Degree in Law from Bayero University, Kano, and a BL from the Nigerian Law School. Additionally, he holds…
The Nigeria Labour Congress (NLC) has decided to suspend its nationwide protests stating they’ve been able to achieve their objectives on the first day of demonstrations. This decision came after the NLC’s National Executive Council meeting, where it was concluded that the protest had effectively conveyed the pressing issues affecting the nation. The protests, which were staged in various states across the federation, aimed to address rising inflation, food inflation, forex crisis, and overall economic hardship exacerbated by the removal of petrol subsidy. Despite last-minute talks between the Presidency and labour leaders on Monday night, the protest went ahead as…
President Bola Ahmed Tinubu of Nigeria has stated his reason to eliminate the subsidy on petrol, stating it as a necessity for fostering a transparent and accountable energy sector. Speaking at the inauguration of the 2024 Nigeria International Energy Summit (NIES) in Abuja, President Tinubu acknowledged the hardships faced by citizens, particularly those with lower incomes, but assured that the economy would ultimately benefit from the decision. Represented by the Minister of Information and National Orientation, Mohammed Idris, President Tinubu stressed that energy security remains a top priority for his administration. He highlighted the strain that petroleum subsidies have placed…
Ajuri Ngelale, the Special Adviser to the President on Media and Publicity during an interview with TVC on Tuesday, termed the NLC nationwide protest as needless. Amidst Nigeria’s economic challenges, the NLC initiated a two-day protest aimed at pressuring federal and state governments to address widespread hunger and other pressing issues affecting citizens. NLC President, Joe Ajaero, presented a list of demands to the National Assembly in Abuja on Tuesday, calling for the full implementation of welfare measures, job creation initiatives, immediate subsidies to farmers to boost agricultural output, and the restoration of the nation’s four refineries, among other appeals.…
The Naira’s ascent against the US Dollar persists, with the currency experiencing further appreciation in the foreign exchange market amidst the ongoing Central Bank of Nigeria Monetary Policy Committee meeting. According to data sourced from FMDQ, the Naira surged significantly to N1,582.94 per USD on Monday, marking a notable increase from Friday’s rate of N1,665.50. This translates to a substantial 3.4% appreciation, indicating a positive trend for the Nigerian currency. Concurrently, at the parallel market, the Naira traded at N1,600 per USD on Monday, representing a notable rise from Sunday’s average of N1,500. Over the weekend, the Naira showcased a…