The International Monetary Fund (IMF) has released a positive outlook for Nigeria’s economy, forecasting a significant increase in Gross Domestic Product (GDP) by 2029.Nigeria’s GDP, when measured in Purchasing Power Parity (PPP) terms, is expected to hit $1.85 trillion by 2029, indicating significant growth over the next five years. PPP provides a more precise comparison…
The High Court of South Africa; Limpopo Division in Polokwane, has sentenced a 47-year-old woman, Kedibone Lonia Nyathi, to 25 years imprisonment, after she pleaded guilty to killing her husband, Sandy Nyathi. Nyathi was previously charged with three young men whom she had contracted to kill her husband. National Prosecuting Authority (NPA) Regional Spokesperson, Limpopo…
Multichoice Nigeria’s legal team, led by Moyosore Onibanjo (SAN), has expressed dissatisfaction with the Competition and Consumer Protection Tribunal’s recent verdict. The tribunal fined Multichoice N150 million and ordered a one-month free subscription on DSTV and GOTV for Nigerians. Onibanjo claims the tribunal “breached their right to a fair hearing” by imposing the fine and…
The Federal Government has increased its offer of a new national minimum wage to N62,000. The meeting of the Tripartite Committee on New National Minimum Wage has been adjourned as there was no consensus at the meeting. The organized private sector also backed the government offer of N62,000. The Federal Government increased its offer for…
The Governor’s forum in Nigeria, made up of 36 state governors, has stated that the Federal Government’s proposed N60,000 minimum salary is unsustainable and cannot fly. The Forum’s Acting Director of Media Affairs and Public Relations, Halima Ahmed, stated that if allowed to fly, several states will utilise all of their monthly federation account allocations…
The autopsy report on the late singer, Ilerioluwa Aloba, popularly known as Mohbad, has revealed drug reaction as a possible cause of his death. The autopsy and toxicology test, which were conducted at the Lagos State University Teaching Hospital, suggested the possibility of a fatal anaphylactic shock or drug reaction as the possible cause of…
The Minister of Interior, Olubunmi Tunji-Ojo, has announced that the Nigerian passport is one of the quickest in the world to acquire. During an interview on Channels TV’s Politics Today on Thursday, he discussed various innovations introduced by the ministry to improve passport processing and border security. Tunji-Ojo highlighted the introduction of an E-gate at…
The Secretary to the Government of the Federation, SGF, George Akume, has condemned the shutdown of the national grid by the organised labour, describing it as a “treasonable offense” Mr Akume made the condemnation in Abuja on Thursday, while addressing the National Executive Council of the Christian Association of Nigeria, CAN. He said that there…
Saudi Arabia on Thursday announced the sighting of the Dhul Hijjah crescent, signaling the beginning of the 12th Islamic month. Consequently, tomorrow will mark the beginning of the holy month. Also, the Hajj pilgrimage for 1445 AH-2024 will commence on Friday, June 14, with the day of Arafah falling on Saturday, June 15. With the…
There is no N5.4trillion provision for fuel subsidy this year, the Presidency said yesterday. It said its position on fuel subsidy removal has not changed. In a statement by Mr Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, the presidency said subsidy on fuel ended in May last year. It …
