Oshiomhole: Tinubu’s government inherited terrible economic situation | Painful decisions necessary
Adams Oshiomhole, senator representing Edo north, says the administration of President Bola Tinubu inherited “a terrible economic situation”. Since President Tinubu assumed office in May, the government has been battling to fix the economy. His pronouncement that the “subsidy was over” has led to an increase in the pump price of petrol […]
Central African bloc backs ECOWAS’ efforts to restore democratic rule in Niger Republic
President Bola Tinubu says he is ready to collaborate with the Economic Community of Central African States (ECCAS) in ensuring that the NigerRepublic returns to democratic rule. Tinubu spoke on Tuesday when he received Hermann Immongault, Gabon’s minister of foreign affairs, and special envoy of President Ali Bongo. Bongo also serves as […]
‘They were courageous’ — army speaks on soldiers killed during ambush in Niger state
The Nigerian Army says soldiers who died during a firefight with bandits in Kundu, a community near Zungeru in Wushishi LGA of Niger state, “were courageous till the end”. Onyema Nwachuckwu, the army spokesperson, who did not specify the number of casualties from the attack, confirmed the killing of some of the troops to […]
There will be no increase in petrol pump price, says Tinubu
Ajuri Ngelale, special adviser to President Bola Tinubu on media and publicity, says his principal has promised there will be no further increase in the petrol pump price. Speaking to journalists in Abuja on Tuesday, Ngelale said the proposed strike by the NLC is premature. “The president wishes first to state that […]
Akpabio: We need behavioural change to tackle corruption in Nigeria
Senate President Godswill Akpabio says behavioural change is required to tackle the menace of corruption and failing social norms in Nigeria. Akpabio spoke on Tuesday at the national policy dialogue on corruption, social norms and behaviour change in Nigeria. He was represented at the event by Saviour Enyiekere, his deputy chief of […]
EXCLUSIVE: Tinubu considering ‘temporary subsidy’ on petrol as landing cost rises
President Bola Tinubu is considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to soar, TheCable understands. There is yet no final decision, presidency sources told TheCable, but the proposal is “firmly on the table” as Nigerians continue to groan under harsh economic realities following the removal […]
Kenya reinstates fuel subsidy for 30 days to curb soaring prices
The Kenyan government has reintroduced fuel subsidy to curb soaring prices of petrol, kerosene and diesel in the country. The development comes after months of violent anti-government protests over the burden of high living costs. On Monday, the Energy and Petroleum Regulatory Authority (EPRA), Kenya’s energy regulator, said oil marketing companies will […]
ARCON dissolves panel, suspends directors for approving ‘all eyes on the judiciary’ billboards
The Advertising Regulatory Council of Nigeria (ARCON) has dissolved its Advertising Standards Panel for approving billboards targeted at the presidential election petition tribunal. ARCON also ordered the destruction of several billboards across the country with the title: “All Eyes on The Judiciary”. In a statement on Tuesday, Olalekan Fadolapo, ARCON director-general, said […]
Nigeria’s inflation rate rises to 24.08% — highest in more than 10 years
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent in July 2023 — up from 22.79 percent in the previous month. The latest figure is the seventh consecutive rise in the country’s inflation rate this year. The National Bureau of […]
FG to file 20 additional charges against Emefiele, says DPP
The federal government says it will file 20 fresh charges against Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN). Mohammed Abubakar, the director of public prosecution (DPP) of the federation, spoke to journalists at the federal high court in Ikoyi, on Tuesday. Earlier, the federal government made an oral […]