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Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists and protests over alleged imposition by party elites. Litigation and factional disputes forced suspension of elections, with Lagos APC Chairman Cornelius Ojelabi denying any consensus had been reached. Protests and...
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Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama town and Banki, to curb insurgent activities. The ban follows recent terrorist attacks in Borno State, including IED explosions resulting in casualties. The government is enhancing security measures, including deploying...

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Business

Nigeria to Cut Transport Costs by 40% with CNG Shift

Nigeria adopts CNG to reduce transport fares by 40%, aiming for cheaper, cleaner, and more reliable transportation for its citizens
Business

Dangote Urges Government to End Fuel Subsidies Immediately

Aliko Dangote calls for an immediate end to fuel subsidies in Nigeria, explaining how it could reduce costs and stabilize the economy
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Tinubu Prioritizes Financial Sector to Attract Domestic, Foreign Investments

President Bola Tinubu assures a business-friendly environment to attract domestic and foreign investments during a meeting with Coca-Cola's leadership team.
Business

Nigeria Unveils Advanced SCADA System for National Grid

Nigeria's government has unveiled a new SCADA system to improve grid management and reliability, marking a key step toward energy security
Business

CBN Warns of External Reserve Risks Amid Fuel Subsidy Removal

The Central Bank of Nigeria warns that fuel subsidy removal, increased import costs, and higher debt obligations could threaten external reserve growth by 2024-2025
Business

Moderating Inflation: How Harvest Season Eases Pressure Amid Fuel Price Hikes in Nigeria

Nigeria’s inflation rate eased to 32.15% in August 2024, thanks to the harvest season. However, fuel price hikes continue to pose a threat to stability.
Business

Nigeria’s Inflation Rate Falls to 32.15 Percent in August 2024

Nigeria's inflation rate eased to 32.15 percent in August 2024, reflecting a slowdown for the second consecutive month despite high food inflation
Business

Dangote Refinery to Start Fuel Distribution Next Week

Oil marketers will begin loading petrol from the Dangote refinery next week, marking a key moment in Nigeria’s fully deregulated oil sector
Business

CBN Introduces New Rules to Monitor PoS Transactions

The Central Bank of Nigeria introduces new PoS transaction rules, requiring payments to go through licensed platforms for improved security and transparency
Business

Nigeria’s $1-Billion Iron Ore to Steel Partnership with China: A Blessing or Economic Pitfall?

Nigeria’s $1 billion steel deal with China holds promise for industrial growth but also poses risks of debt and dependency. Learn the potential benefits and drawbacks.
Business

How the 9-percent Increase in VAT Revenue Affects Nigerian Households and Businesses

Nigeria's VAT revenue rose by 9% in Q2 2024, a promising sign for government revenue. However, everyday Nigerians face increasing hardships due to inflation and rising costs
Business

Nigerian Students Demand Reversal of New N50 Transfer Fee

NANS demands the government reverse a new N50 fintech transfer levy, arguing it adds to financial struggles faced by students
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Politics

Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists...
News

Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama...
News

Satirical Post: Akpoti-Uduaghan Asks Court to Reject Akpabio’s Motion

Akpoti-Uduaghan asks court to dismiss Akpabio’s request over a satirical Facebook post about her suspension from the Senate.
Politics

Ikpeazu Built And Inaugurated Uninhabitable Government House

According to Abia’s Information Commissioner, ex-Governor Ikpeazu was in a hurry to open an uninhabitable Government House that lacks basic features.

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