Police uncover ‘biggest IPOB bomb factory’, say it’s capable of mass killing
The Ebonyi police command says it has recovered several arms following a raid on a bomb factory of the Indigenous People of Biafra (IPOB). The police command described the bomb factory as the “biggest” in the south-east geopolitical zone. In a statement issued on Thursday, Chris Anyanwu, police spokesperson in Ebonyi, said […]
‘Nigeria has vast growth potential’ — World Bank lists 10 reforms for economic transformation
The World Bank says Nigeria’s growth has been stagnant in the past decade despite its huge potential. The bank said this in its latest report titled, ‘Nigeria country economic memorandum: charting a new course’, published on its website. In the report, the bank said Nigeria’s potential and growth has been stagnated over […]
Presidential air fleet grossly underfunded, owing debts, says commander
The presidential air fleet (PAF) says its budgetary allocation in the past few years is insufficient to fund its operations. Abubakar Abdullahi, commander of the fleet, spoke on Thursday when he received members of the house of representatives committee on national security and intelligence who were on an oversight visit to the base in Abuja. […]
‘Another 5m pushed into poverty’ — World Bank cuts Nigeria’s 2022 growth forecast to 3.1%
The World Bank says five million Nigerians have been pushed into poverty as a result of inflation in 2022. The Bretton Woods institution said this in its latest Nigeria Development Update (NDU) released on Thursday. In the report titled ‘Nigeria’s Choice’, the bank said the country’s inflation has worsened since 2020, eroding […]
Newspaper Headlines: Marketers behind petrol scarcity, high pump price, says PENGASSAN
The surge in the country’s inflation rate to 21.47 percent in November 2022 from 21.09 percent in the previous month dominated the cover pages of Nigerian newspapers. Source: Top Stories
Hope rises for Tonye Cole as court voids judgment nullifying Rivers APC primaries
The court of appeal has set aside a judgment of the federal high court which disqualified all the candidates of the All Progressives Congress (APC) in Rivers state. Tonye Cole, a former executive director of Sahara Group, had won the party’s governorship ticket during the primary in May, and INEC had recognised him, among others, as […]
Oyetola didn’t take loan — debt is from Aregbesola’s tenure, says former CPS
Ismail Omipidan, former chief press secretary to Gboyega Oyetola, immediate past governor of Osun , says his principal did not take any loan during his tenure. Speaking on Thursday in an interview on Channels Television, Omipidan said his principal inherited debt from the administration of Rauf Aregbesola. Aregbesola was the governor of […]
Ekweremadu case: Son blames EFCC over bail denial in UK, seeks reversal of forfeiture order
Lloyd, first son of Ike Ekweremadu, former deputy speaker of the senate, has accused the Economic and Financial Crimes Commission (EFCC) of being behind his father’s continued detention in the UK. The former deputy senate president and Beatrice, his wife, are facing charges bordering on conspiracy to arrange/facilitate the travel of another person […]
Banks begin dispensing redesigned naira notes — but limited supply in circulation
In line with the directive of the Central Bank of Nigeria (CBN), deposit money banks (DMB) began dispensing the redesigned naira notes to customers across the country on Thursday, December 15, 2022. The new naira notes were dispensed over-the-counter alongside the old ones in most commercial banks. On December 8, Godwin Emefiele, […]
Biden to Buhari: You are a model of democracy in Africa
President Joe Biden of the United States has praised President Muhammadu Buhari for his efforts in deepening democracy in Africa. According to a statement signed by Garba Shehu, presidential spokesman, Biden spoke on Wednesday in Washington during his meeting with leaders of six African countries slated to have elections in 2023. The […]