Osita Okechukwu, a founding member of the All Progressives Congress (APC), has criticized President Bola Tinubu’s Presidential Economic Team, accusing them of straying from the objectives outlined in Tinubu’s Renewed Hope Agenda. In an open letter to the team, Okechukwu urged them to reconsider their strategies, referencing Albert Einstein’s famous quote about the futility of […]
The National Assembly has expressed deep dissatisfaction with the poor execution of capital projects in the 2024 budget, calling the current state disappointing. Lawmakers voiced concern over the significant gap between recurrent and capital expenditures, highlighting the low capital funding releases for ministries, departments, and agencies (MDAs). Both the Senate and House of Representatives urged […]
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Discover how the Trade Ministry and CBN are collaborating to create a favorable export environment for manufacturers in Nigeria, fostering economic growth through strategic policies. Boosting Exports: Trade Ministry and CBN Collaborate to Empower Local Manufacturers The Ministry of Industry, Trade, and Investment has unveiled efforts to strengthen collaboration with the Central Bank of Nigeria […]
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Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s […]
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President Bola Ahmed Tinubu has reassured Nigerians that the year 2025 holds great promise for economic growth and development. Acknowledging the current challenges faced by citizens, he expressed his unwavering commitment to addressing these issues with dedication and purpose. Speaking during his first Presidential Media Chat on Monday, December 23, in Ikoyi, Lagos, President Tinubu […]
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The Nigerian Senate has introduced a bill to prohibit the use of foreign currencies, such as the US dollar, for payments and transactions within the country. Sponsored by Senator Ned Nwoko of Delta North, the bill, titled “A Bill for an Act to Amend the Central Bank of Nigeria Act, 2007, to Prohibit the Use […]
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The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail stations in Abuja. According to reports from DAILY POST, the pump price of petrol has dropped from ₦1,060 to ₦1,040 per litre at NNPCL outlets, reflecting a ₦20 decrease. […]
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President Tinubu Acknowledges HardshipPresident Bola Tinubu has acknowledged the challenging economic situation facing Nigeria and has called on citizens to endure what he described as “unintentional hardship.” Speaking during the 48th convocation ceremony of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, Tinubu reassured Nigerians that the ongoing reforms are necessary to secure a brighter future […]
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Organised Labour has firmly opposed the outright sale of public refineries like the Port Harcourt Refinery to the private sector. After a recent inspection, Labour leaders emphasized their preference for a privatization model that ensures the private sector holds a controlling stake while government, workers, and host communities maintain minority shares. Labour’s Stance on Refinery […]
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President Bola Tinubu has formally requested the National Assembly’s approval for a new external borrowing of N1.77 trillion (approximately USD2.21 billion) as outlined in the 2024 Appropriation Act. The funds aim to address the budget deficit and finance critical projects across priority sectors of the Nigerian economy. Details of the Borrowing Request In a letter […]
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Pastor E. A. Adeboye, the revered General Overseer of the Redeemed Christian Church of God (RCCG), recently emphasized the importance of divine intervention in stabilizing Nigeria’s economy, particularly its exchange rate. In a heartfelt statement, he highlighted that without God’s intervention, the value of the naira could have experienced a drastic plunge, potentially reaching an […]
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Former Vice President Atiku Abubakar has expressed that he harbors no envy toward President Bola Tinubu, whom he accuses of causing suffering for Nigerians. Atiku, the Peoples Democratic Party (PDP) candidate in the 2023 presidential election, was responding to recent statements from the presidency, which alleged that he was envious of Tinubu. On Sunday, Bayo […]
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Former Vice President Atiku Abubakar has voiced strong criticism of President Bola Tinubu, whom he labeled “T-Pain,” alleging that Tinubu unlawfully took the 2023 presidential election. Abubakar contends that the election was “criminally stolen” from him, asserting that the outcome does not reflect the will of the Nigerian people. This statement comes over a year […]
