‘Fake news’ — INEC dismisses report of chairman planning to alter Abia election results
The Independent National Electoral Commission (INEC) has debunked an online report accusing Mahmood Yakubu, its chairman, of attempting to distort the results of the governorship election in Abia state. A report had quoted Nnenna Oti, the returning officer, as saying during the collation exercise, that Yakubu personally called her and gave her some […]
Pantami: Buhari has approved exemption of telecoms sector from 5% excise duty
Isa Pantami, minister of communications and digital economy, says President Muhammadu Buhari has approved the exemption of the telecommunications sector from the proposed 5 percent excise duty. Isa Pantami, minister of communications and digital economy, disclosed this on Tuesday at a news conference organised by the presidential review committee on excise duty in […]
Soludo congratulates Tinubu, says release of Nnamdi Kanu necessary for peace in south-east
Chukwuma Soludo, the governor of Anambra, has congratulated Bola Tinubu, the president-elect, on his victory in the February 25 elections. In a statement on Tuesday, Soludo said Anambra was ready to collaborate with the federal government to achieve a high standard of development in his state. “Let me also congratulate the president-elect, […]
Tinubu: Time for politicking is over — we must begin the healing process
Bola Tinubu, the president-elect, says with the general election out of the way, Nigerians must champion the healing process to unite the country. In a statement on Tuesday, Tinubu urged all Nigerians to rise above the differences that emanated from the poll and embrace nation-building. He congratulated all the elected governors and […]
CBN raises interest rate to 18%, retains other parameters
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18 percent. Last week, Nigeria’s inflation rate rose to 21.91 percent amid the lingering scarcity of cash. The monetary policy rate (MPR) is the baseline interest rate […]
Report: Hedge fund admitted P&ID made unlawful payments to Nigerian officials in 2021 lawsuit
VR Capital, a hedge fund firm, says payments made to Nigerian officials by Process & Industrial Developments (P&ID) violated the law, Semafor Africa is reporting. VR Capital, a major stakeholder in P&ID, made the allegation in a separate lawsuit against “business partners it bought its stake in the company from”. Nigeria is […]
Obi files petition challenging Tinubu’s victory, demands fresh election
Peter Obi, presidential candidate of the Labour Party (LP), has filed a petition at the presidential election tribunal challenging the victory of Bola Tinubu as president-elect. Tinubu, the standard bearer of the All Progressives Congress (APC), was declared the winner of the presidential election held on February 25. Tinubu secured 8,794,726 votes, […]
Troops arrest ‘repentant insurgent’ for ‘facilitating’ terrorist attacks on soldiers
Troops of Operation Hadin Kai have arrested Ba’ana Bdiya, a “repentant Boko Haram fighter” over a bomb attack that led to the deaths of some soldiers. Zagazola Makama, a counter-insurgency publication focused on the Lake Chad region, said the suspect, also known as ‘Manci’, gave out details on the movement of the troops […]
It’s my turn to be senate president, says Orji Kalu
Orji Uzor Kalu, chief whip of the senate, has declared his bid to run for the office of senate president. Speaking with reporters in Abuja on Tuesday, Kalu, senator representing Abia north, said he would work for “every corner” of the country. The former governor of Abia said he is willing to […]
‘Show proof of where I portrayed ethnic, religious bigotry’ — Obi tackles Chimaroke Nnamani
Peter Obi, presidential candidate of the Labour Party (LP), has challenged Chimaroke Nnamani to show proof of where he portrayed ethnic and religious bigotry. Shortly after his defeat at the senatorial poll, Nnamani, the former governor of Enugu, accused Obi of using “his devious opium served to Christians and to Igbo domiciled in […]