FG seeks to withdraw ‘illegal possession of firearms’ charge against Emefiele
The federal government is seeking to withdraw the charge of illegal possession of firearms filed against Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN). On Tuesday, the prosecution approached the federal high court in Ikoyi with an oral application to withdraw the charge. On July 25, Emefiele was […]
Threat to prosecute Bazoum may be bargaining chip, says Islamic cleric
Abdurrahman Ahmad, the national missioner of Ansar-ud-Deen society, says the threat to prosecute ousted President Mohamed Bazoum by leaders of the coup in Niger Republic could just be a bargaining chip. On Sunday, a junta spokesperson said they would prosecute Bazoum for treason. Ahmad was part of the Islamic delegation from Nigeria that met […]
Blinken commends Tinubu for ECOWAS leadership in Niger Republic crisis
Antony Blinken, United States secretary of state, has commended President Bola Tinubu’s leadership of the Economic Community of West African States (ECOWAS) on the Niger Republic crisis. Blinken spoke with the president via phone on Monday, according to a statement released by the US state department. “The Secretary commended President Tinubu’s leadership […]
Naira float: How to stop the local currency from drowning us all
Resolved. There are smarter people in government than ‘Mayowa Tijani; these people have the answers to the economic challenges the country is facing, they have the numbers up-to-the-minute to make decisions, and also have the political power to save the naira. What they may not have, however, is the absence of pressure, the lack […]
We don’t intend to increase petrol pump price, says NNPC
The Nigerian National Petroleum Company (NNPC) Limited says it does not intend to increase the pump price of petrol as widely speculated. The national oil firm spoke in a post on X. “Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our […]
Newspaper Headlines: 11 soldiers, 30 bandits, several vigilantes killed in Niger state gun duel
Reports on the state of the economy, military junta in Niger Republic, and the threat issued by organised labour, dominate the cover pages of Nigerian newspapers. Source: Top Stories
Price hike looms as rice millers cease operations in Kano over paddy scarcity
The Northern Chamber of Commerce Industry, Mines, and Agriculture (NACCIMA) says rice millers are shutting down operations in the commercial city of Kano due to the scarcity of paddy. Dalhatu Abubakar, the chamber’s chairman, told journalists on Monday, that the paddy scarcity would cause an increase in the price of finished rice. […]
‘We won’t give any notice’ — labour threatens indefinite strike if petrol price increases
The Nigeria Labour Congress (NLC) says it would mobilise its members to embark on an indefinite nationwide strike if the current price of petrol increases. Joe Ajaero, president of the NLC, spoke on Monday at the African Trade Union alliance meeting in Abuja. On Sunday, oil marketers hinted that the pump price […]
CBN plans new measures to stabilise naira, says speculators may incur losses
The Central Bank of Nigeria (CBN) says new measures will be taken to stabilise the naira against the dollar. Folasodun Sonubi, acting governor of the CBN, spoke with journalists after a meeting with President Bola Tinubu in Abuja on Monday. Sonubi said Tinubu was worried about the consistent fall of the naira […]
Two Nigerian brothers extradited to US over ‘sextortion’ of teenager who died by suicide
Two Nigerian brothers have been extradited to the United States to face prosecution over the alleged sexual extortion of numerous young men and teenage boys on social media. The suspects are Samuel Ogoshi, 22 and Samson Ogoshi, 20. The two brothers are residents of Lagos. In May, one of the suspects, Samuel, […]