admin

*Faults Defence Headquarters’ Board on Okuama Soldiers’ Deaths A Senior Advocate of Nigeria, Mr Femi Falana has called for the immediate disbandment of the board of inquiry established by the Nigerian Defence Headquarters to probe the gruesome killing of soldiers at Okuama community in Delta State. The lawyer made this known in a letter he […]

*Demands Outcome-Based Reforms In Nigeria’s Justice Sector President Bola Tinubu has implored the nation’s Judiciary to embark on reforms that would ensure a functional justice system that will support a rapidly growing economy, guarantee basic human and political rights of individuals as well as provide security and justice to all Nigerians. According to him, much […]

The Judicial Staff Union of Nigeria (JUSUN), Ogun State Chapter, has announced the suspension of its indefinite strike following a meeting with the state government. The union had embarked on the strike earlier this month over the non-payment of a 40 per cent peculiar allowance by the state government. In a statement issued by its […]

*Seeks Fresh Election A governorship aspirant of the All Progressives Congress (APC) in Ondo state, Olusola Oke, has said that last Saturday’s governorship primary of the party was a nullity, saying the national chairman of the party, Abdullahi Ganduje, was restrained by a court of law. Oke said Ganduje was restrained from performing the functions […]

*NAAT Proposes N350,000 As New Living Wage For Workers Amidst Economic Challenges The minister of education, Prof Tahir Mamman said on Wednesday, April 24, that the federal government is working out the outstanding demands of university-based unions. The minister therefore urged university-based unions to embrace negotiations instead of confrontation. Mamman said negotiations were more effective […]

Equities Investors Lost N200bn as Nestle, FBNH Tumble Equities investors on the floor of the Nigerian Exchange (NGX) lost about N200 billion, reversing positive uptrend report at the beginning of the week, due selloffs on Nestle, FBNH and others. Consequently, market performance indicators dropped by -0.35%, dragging year to date return behind annual inflation rate […]

Oil Prices Increase on Tight Supply Outlook Oil prices increased on Tuesday amid investor profit-taking and expectations of a tight supply-demand balance in the markets in the coming months, after falling to the lowest levels in nearly a month with the eased tensions in the Middle East. In the global commodity market, oil futures shake […]

Treasury Yields Rise on Hawkish Fed Comments U.S. Treasury yields rose again last week, with the 10-year Treasury yield ending 10 basis points (bps) higher at 4.62%, a fresh year-to-date high. 2-year yields ended 9 bps higher. The moves were predominantly driven by hawkish Fed speak and continued strong economic data. Chair Powell said “recent […]

FG Recovers N57bn Debt From 10 MDAs, Says Official The Director, of Special Projects, Federal Ministry of Finance, Aisha Omar, has said the ministry has so far recovered N57 billion from the N5.2 trillion owed by Ministries, Departments and Agencies (MDAs). Omar disclosed this during the Sensitisation Workshop on the Federal Government Debt Recovery Drive […]

Electricity Supply: Power Minister Decries Activities of Saboteurs, Cartels The Minister of Power, Mr Adebayo Adelabu, has decried the activities of saboteurs and cartels in the electricity sector, blaming them for the incessant power outages in the country. Adelabu expressed this during a programme tagged “Confronting Nigeria’s Power Challenge as the Nation Migrates to a […]

Dangote Crashes Diesel, Aviation Fuel Prices Further Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in the wake of its widely celebrated price […]

IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC The Independent Marketers Association of Nigeria (IPMAN) says petrol availability has been erratic because of the small allocation currently allotted to its members by the Nigerian National Petroleum Corporation (NNPC). IPMAN National Vice-President, Alhaji Hammed Fasola, disclosed this in an interview in Ibadan on Tuesday. […]