Nigeria’s inflation rate continued its upward climb in May 2024, reaching a staggering 33.95%, according to the National Bureau of Statistics (NBS). This represents a significant increase of 0.26 percentage points compared to April 2024 and a worrying 11.54 percentage points higher year-on-year compared to May 2023 (22.41%). However, there is a slight silver lining….
The Supreme Court, yesterday, reserved its judgment on the suit the Federal Government filed to secure full autonomy for the 774 Local Government Areas in the country. A seven-man panel of the court, led by Justice Garba Lawal okayed the matter for judgment, after governors of the 36 states of the Federation, through their respective…
The founder of Dangote Group, Aliko Dangote, has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project located in Lagos. Speaking at the Afreximbank Annual Meetings, Dangote likened the oil cartels to a mafia stronger than the drug mafia hell-bent on maintaining…
A former Lagos state governor and minister, Babatunde Fashola, has described Nigeria’s democracy as being heralded by dictatorship, and not from the free will of the citizens. Fashola spoke on Wednesday at The Platform Nigeria, a programme by the Lagos-based church, Covenant Nation, to mark the 2024 Democracy Day. Themed ‘Democracy and Free Market’, Fashola…
President Bola Tinubu has spoken on his trip at the Eagle Square, Abuja, on Wednesday morning. The President had missed his step and fallen while entering a vehicle for the parade to mark the Democracy Day. The video of the incident promptly went viral on various social media platforms, eliciting varied reactions. But speaking at…
The Court of Appeal in Abuja has rejected an application by detained leader of the proscribed separatist group, the Indigenous People of Biafra (IPOB), Nnamdi Kanu seeking to be allowed to challenge the order proscribing the group. In a judgment, the Court of Appeal upheld the argument by lawyer to the federal government, Oyin Koleosho,…
The Economic Financial Crimes Commission (EFCC) says Nigerian youths “insulting people” on the internet risk imprisonment as they are committing crime. The chief superintendent of the EFCC, CSE Daniel Nwaka, warned that social bullying and cyberstalking are crimes that could land an accused person in jail. Nwaka issued the warning, according to a statement published…
DEMOCRACY DAY, 12TH JUNE, 2024ABUJA My fellow Nigerians, let me begin by congratulating all of us for witnessing the celebration of another Democracy Day today, the twelfth day of June 2024. This year also marks our nation’s 25 years of uninterrupted democratic governance. On this day, 31 years ago, we entered our rites of passage…
Operatives of the Rapid Response Squad (RRS) of the Police Command in Lagos State have rescued an American citizen from committing suicide on the Third Mainland Bridge. RRS made this known in a post it shared on its official X handle, @rrsLagos767, on Monday. It stated that the American citizen, name withheld was at 1:23…
The Federation Accounts Allocation Committee, FAAC, on Monday shared N1.143 trillion among the federal government, states and local government councils for May. The revenue was shared at the June meeting of the FAAC, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. According to a communiqué issued by the committee…
