In response to the prevailing challenges faced by the nation, the Senate on Wednesday, February 21, issued a resolute plea to the federal government, urging against the removal of the electricity subsidy. The Senate’s decision came following a thorough deliberation and subsequent approval of a motion during plenary, emphasising the necessity of retaining the subsidy on electricity for the foreseeable future. The motion, put forth by Senator Aminu Iya Abbas, representing the Adamawa Central Zone, under the platform of the People’s Democratic Party (PDP), garnered significant support from the Senate. The federal government’s recent declaration indicating the difficulty of sustaining…
Author: Editor Francis
The Federal Government activities following disbursements from the Federation Account Allocation Committee (FAAC) are being scrutinised for their impact on the depreciation of the naira, as indicated by data analysis and interviews with informed sources. According to insights gathered by BusinessDay, a pattern emerges wherein segments of funds allocated through FAAC are frequently converted into dollars by certain governmental entities in the parallel market, exacerbating pressure on the national currency. An examination spanning from July 2023 to January 2024 reveals a consistent trend of naira depreciation within six months following FAAC disbursements to federal, state, and local governments. Jude Idimogu,…
In a statement released on Wednesday, Dr. Peter Afunanya, the Director of Public Relations and Strategic Communications at the DSS National Headquarters in Abuja, cautioned against the scheduled protests by Organised Labour slated for February 27-28 Expressing concerns over potential disruptions and violence, the DSS urged the labour movement to prioritize dialogue and negotiation over street demonstrations. The DSS emphasized the need to maintain peace and public order, highlighting the potential exploitation of the protests by certain elements to incite crisis and widespread violence. Dr. Afunanya stressed that the socio-economic situation in the country could worsen if the protests proceed…
In a bid to address the recent plunge of the naira to an unprecedented low of 1,850 against the dollar on the parallel market, the Federal Government has unveiled plans to raise $10 billion aimed at bolstering liquidity in the foreign exchange market. During the inaugural Public Wealth Management Conference held in Abuja, Vice President Kashim Shettima, representing President Bola Tinubu, disclosed the government’s ambitious initiative. Organized by the Ministry of Finance Incorporated under the theme “Championing Nigeria’s Economic Prosperity,” the event aimed to explore strategies to enhance the country’s economic resilience. In a statement released by the Senior Special…
The Nigerian Gas and Oil Suppliers Association (NOGASA) has issued a call to the Federal Government, urging for the regulation of Automotive Gas Oil (AGO) diesel prices. The association, represented by its National President, Bennett Korie, conveyed this message during a gathering in Abuja. Korie attributed the escalating costs of diesel and the soaring dollar exchange rate as key factors exacerbating the price volatility in petrol. Expressing concern over the current situation, Korie cautioned that failure to address these issues promptly could lead to dire consequences for petrol marketers, potentially forcing many to cease operations before the end of February.…
In a move set to reignite legal proceedings, the Federal Government of Nigeria is poised to resume the trial of Nnamdi Kanu, the self-appointed leader of the Indigenous People of Biafra (IPOB), on terrorism charges come Monday, February 26. This decision follows the December 15, 2023, ruling by the Supreme Court granting the continuation of Kanu’s trial on the remaining seven count charges against him. According to a notice obtained by newsmen , the trial is scheduled to proceed before Justice Binta Nyako of the Federal High Court in Abuja. Both Kanu’s lead counsel, Mike Ozekhome, a Senior Advocate of…
The early morning flood on Tuesday in Command and Ipaja communities in Lagos impacted about 151 houses. Mr Ibrahim Farinloye, Lagos Territorial Coordinator of the National Emergency Management Agency (NEMA) said this in a statement. Farinloye said preliminary assessments in some communities affected by the rainfall showed that residents were evacuated from 23 houses at Oke Ishagun. He said 35 houses were affected at Isale Aboru, 29 houses at Ikola Community and 15 houses at Olubodun Majiyagbe-Ajayi. Also affected were 12 houses at Makinde Street, 16 houses at Olokowo Street, and 21 houses at Adeola Street, among others. Farinloye said…
The Nigerian Association of Road Transport Owners (NARTO) has halted its industrial action following discussions with the Federal Government on Monday. NARTO members ceased operations on Monday, citing concerns over the exorbitant cost of diesel necessary to fuel their trucks for transporting petroleum products nationwide. Oil marketers revealed last Thursday that diesel prices ranged from N1,250 to N1,400 per liter, varying by location. Further updates to follow…
Canlı bahis seçenekleri ile kazanma şansınızı artırın Gelişmiş canlı bahis seçenekleri ile oyun deneyiminizi bir üst seviyeye taşıyın. Son derece heyecanlı ve kazançlı olan canlı bahis seçenekleri sayesinde her anınız dolu dolu geçecek ve yüksek kazançlar elde edeceksiniz. Kaliteli bir oyun deneyimi için doğru adrestesiniz. Canlı bahis oyunları ile keyifli ve heyecanlı anlar yaşayabilir, favori takımlarınızı desteklerken kazançlarınızı artırabilirsiniz. Mostbet’in yüksek oranları Mostbet, canlı bahis seçenekleriyle kullanıcılarına yüksek kazanç fırsatları sunmaktadır. Bu güvenilir bahis platformu, üyelerine geniş bir oyun seçeneği ve rekabetçi oranlar sunmaktadır. Mostbet’in yüksek oranları, kullanıcıların daha fazla kazanç elde etmesine olanak sağlar. Bahis severler, futbol, basketbol, tenis…
In response to the persistent hike in cement prices in Nigeria, the federal government has issued a stern warning to cement manufacturers, threatening to open borders for cement importation if local producers fail to address the issue. Minister of Housing and Urban Development, Arc Ahmed Dangiwa, emphasised the government’s stance during an emergency meeting held with cement and building materials manufacturers in Abuja. Dangiwa highlighted the availability of key input materials for cement production within the country, stating that their prices should not be subject to foreign exchange fluctuations. The minister criticised manufacturers for citing increased costs of gas and…
The Nigeria Customs Service (NCS) has announced its intention to distribute seized food items to alleviate the current hardship faced by Nigerians due to soaring food prices. This decision comes in response to widespread protests across the country highlighting the challenges of food security and high costs of essential items. Comptroller General of Customs, Bashir Adewale Adeniyi, revealed the plans on Tuesday, emphasising the commitment to President Bola Ahmed Tinubu’s food security agenda. The NCS aims to ensure the distributed food items are safe for consumption before dissemination. In a statement issued by the service’s National Public Relations Officer, CSC…
Yüksek kaliteli hizmetlerin önemi ve başarılı bir şekilde kullanmanın stratejileri – Yüksek kaliteli hizmetler sunan bir şirket arıyorsanız, doğru yerdesiniz! Kalite, önceliğimizdir! Firmamız, müşterilerine en iyi ve en kaliteli hizmetleri sunmayı amaçlamaktadır. Uzman ekip, deneyimli personel ve modern ekipmanlarımızla, müşteri memnuniyetini en üst düzeye çıkarmak için çalışıyoruz. Siz değerli müşterilerimize geniş bir hizmet yelpazesi sunuyoruz. Üstün müşteri hizmetlerimiz, hızlı teslimatlarımız ve uygun fiyatlarımız ile öne çıkıyoruz. Sizlere özel çözümler ve profesyonel danışmanlık sağlıyoruz. Bizimle çalıştığınızda, hizmetin kalitesini fark edeceksiniz. Müşteri memnuniyeti, bizim için en önemli önceliğimizdir. Hemen bugün bize ulaşın ve yüksek kaliteli hizmetlerimizi deneyimleyin! Mostbet’in avantajları Mostbet, yüksek kaliteli…