•Fuel scarcity As fuel scarcity lingers across the country, many have engaged in panic buying and storing petrol in kegs and jerry cans in their homes and offices. Meanwhile, black marketers are selling more fuel than filling stations. Also, some Nigerians have thus expressed concern over the dangers posed by the careless handling of this [&he...
A northern group the Arewa Movement for Good Governance (AM2G) has faulted the suspension of Senator Abdul Ningi, a development it says is a bad omen for the country’s democracy. Last week, the Senate suspended Ningi for three months after he accused the lawmakers of padding the 2024 budget in a move that irked many […]
•Presidential jet There is a growing concern over the huge maintenance cost of Nigeria’s presidential aircraft, Air Force 001, which serves President Bola Ahmed Tinubu as it gulps billions of naira. A senior official familiar with the maintenance of the presidential fleet told our correspondent that between the routine maintenance and purchase...
As the rift between Economic Community of West African States (ECOWAS) and Mali, Burkina Faso and Niger over their withdrawal from the regional bloc continues, Civil Society Organisations (CSOs) and the Media in West Africa have called on the leadership of the bloc to address the lingering issues at stake to avoid further instability and [&hel...
Global oil giant, Shell, operating in Nigeria as Shell Petroleum Development Company (SPDC), yesterday announced the sale of its $1.2 billion onshore oilfields and gas assets to Renaissance, a consortium of five companies. The five Nigerian companies with footprints in oil exploration and production are; ND Western, Aradel Energy, First E&...
Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is despite the federal government receiving a $2.25bn foreign exchange sup...
•Tinubu at NASS Stakeholders have begun to worry about the paltry 12.5 per cent allocation for both health and education in the 2024 Appropriation Bill, predicting that the social sector of the economy may suffer acute funding in the coming years, that will aggravate the poor living conditions of the people. The bill, which was […]