President Bola Tinubu has just met with the leadership of the Edo State chapter of the All Progressives Congress (APC) at the State House, Abuja. The meeting, which had the party’s candidate for the upcoming governorship election, Senator Monday Okpebholo, and his running mate, Hon Dennis Idahosa, in attendance, was aimed at ironing some disag...
An aggrieved governorship aspirant in Edo State, Hon. Anamero Sunday Dekeri, has approached the Federal High Court in Abuja, praying it to declare him the authentic candidate of the All Progressives Congress, APC, for the impending election in the state. Dekeri, through his team of lawyers led by Chief Henry Akunebu, SAN, equally wrote the [&h...
The Ibadan Electricity Distribution Company, IBEDC, has disconnected power supply to University College Hospital, UCH, in Ibadan, Oyo State, because of electricity debt, amounting to more than N400 million. Checks indicated that supply was cut a few days ago following the inability of UCH Ibadan to settle its debts, reports Saturday Vanguard. ...
•Naira and Dollars The Central Bank of Nigeria (CBN) has rolled out stringent measures on Bureau De Change (BDCs) as part of measures to tackle the forex crisis in the country. The naira had hit an all-time low of N2,000 against the dollar as the economic crisis in the country took a worse turn, reports […]
•Prepaid meters Nigeria’s foreign exchange and inflation have combined to push the prices of prepaid meters year-on-year, YoY by 80 percent to N147, 610.43 (Single phase) in February 2024, from N81, 975 in the corresponding period of 2023. Similarly, the price of the double phase meter also surged YoY by 80 per cent to N259, […]
Current operating aircraft of Nigerian carriers have dropped to 44 from about 107 a few years ago following the debilitatÂing foreign exchange crisis, investigation has revealed. The current statistics show that 63 aircraft of the scheduled operators are either grounded in the country or are in the various maintenance organisations outside Nig...
•Signs of social unrest The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave the warning in its macroeconomic performance and outlook for 2024 wherein it projected the continent’s economy to grow higher than the 3.2 [&h...
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash. The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated […]
•Protest in northern Nigeria Desperate Nigerians have been protesting against soaring food prices as an economic crisis forces people to skip meals and eat poor-grade rice used as fish food. To feed their children, women in northern Nigeria have even resorted to digging up anthills in search of grain stored by the insects, according to [&helli...
•UBEC boss, Dr. Hamid Bobboyi The Executive Secretary of the Universal Basic Education Commission (UBEC), Dr. Hamid Bobboyi, has said Nigeria is expeÂriencing a severe learning crisis that requires immediate action to address. Speaking at a two-day stakeÂholders ‘Dialogue on Reading Initiative in the UBE Programme and the Use of Mother Tongue/...
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