Nigeria’s inflation rate reaches 11-month high, hits 17.71%
The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 17.71 percent in May 2022, up from 16.82 percent in the previous month. The National Bureau of Statistics (NBS) said this in its Consumer Price Index (CPI) report for 2022 released on Wednesday. […]
‘True presidential material’ | ‘He should be in Ekiti’ — Peter Obi trends on Twitter over visit to Egypt
Reactions have trailed Peter Obi’s visit to Egypt to “understudy the country’s power, education, planning and finance sectors”. The former governor of Anambra and presidential candidate of the Labour Party (LP) had tweeted on Tuesday that he will be in Egypt for three days. “I just departed for Egypt on a […]
Newspaper Headlines: Diesel price may hit N1,500/litre, marketers warn
The recommendation of Nyesom Wike, governor of Rivers, as vice-presidential candidate by a panel of the Peoples Democratic Party dominated the cover pages of Nigerian newspapers. Source: Top Stories
Adoke: I’ve been unjustly defamed over OPL 245 — but I’m vindicated yet again
Mohammed Bello Adoke, former attorney-general of the federation and minister of justice, has welcomed the judgment of the Commercial Court of England and Wales which ruled that there was no evidence of fraud in the OPL 245 transaction. The federal government had sued JP Morgan on the ground of “Quincecare duty”, alleging that […]
Police ‘begin probe’ as Twitter user raises alarm over kidnap of ’17 Abuja residents’
A Twitter user, @Ameerah_sufyan, says she and 16 other residents of the federal capital territory (FCT) have been kidnapped by gunmen. In a post on her Twitter handle on Tuesday, the Abuja resident said the victims included pregnant women and children. “Please whoever has my WhatsApp number, I sent a broadcast message […]
Court sentences ‘Mama Boko Haram’ to five years imprisonment over N71.4m fraud
A high court in Borno state has sentenced Aisha Wakil, better known as ‘Mama Boko Haram’, to five years imprisonment over fraud. The Maiduguri zonal command of the Economic and Financial Crimes Commission (EFCC) had re-arraigned Wakil, alongside Tahiru Daura and Prince Shoyode, in September 2020, on a two-count charge of conspiracy and […]
‘Blinded by hatred’ — Femi Adesina hits Oyedepo for calling Buhari government ‘most corrupt’
Femi Adesina, presidential spokesman, says David Oyedepo, founder of Living Faith Church Worldwide, is “blinded by hatred” for President Muhammadu Buhari. Adesina said this in a post on his Twitter handle on Tuesday. Speaking at a church service on Monday, Oyedepo described Buhari’s government as the “most wicked and corrupt” in the […]
‘Inducement’: ADC to petition EFCC over Moghalu’s conduct during primary, says presidential candidate
Dumebi Kachikwu, presidential candidate of the African Democratic Congress (ADC), has accused Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), of “financial inducement” during the party’s presidential primary. Kachikwu spoke on Tuesday during an interview with Channels Television. Last Tuesday, he floored Moghalu and Chukwuka Monye to win the […]
Senate to honour man who drove burning tanker away from Delta community
The senate has resolved to honour Ejiro Otarigho, a tanker driver based in Delta state. At the weekend, Otarigho was seen driving a tanker on fire in Agbarho community in Delta. His bravery is said to have saved lives and property in the community. The decision of the upper legislative chamber […]
Sources: PDP panel nominates Wike as Atiku’s running mate
A Peoples Democratic Party (PDP) panel has reportedly nominated Nyesom Wike, governor of Rivers, as the running mate to Atiku Abubakar. Sources told TheCable that the panel, comprising former and serving governors, national working committee (NWC) members, and members of the board of trustees (BoT), nominated Wike at a meeting held on Tuesday. […]