archiveJuly 2023

It is no longer news that most Nigerians are experiencing severe economic hardship due to the recent FX policy and subsidy removal. The economic challenges arising from the opening up of the foreign exchange market and the removal of petrol subsidies have resulted in soaring inflation and a significant drop...

Oyo State governor, 'Seyi Makinde, has appointed a retired Assistant Inspector-General of Police, AIG Sikiru Kayode Akande (rtd), as the new chairman of the Board of the Oyo State Security Network Agency codenamed Amotekun. This was as the governor reappointed all other members of the security outfit's Board, with Mrs....

  Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among companies as directors and related parties consolidated their positions...

The Central Bank of Nigeria (CBN) has directed that microfinance banks and primary mortgage banks that provide banking services to the economically active poor be exempted from paying the processing fees for withdrawals above the cash withdrawal limits for direct cash withdrawals from their correspondent banks. The circular with reference...

Phrank Shaibu, the Special Assistant on Public Communications to Atiku Abubakar has described President Bola Tinubu’s national broadcast as uninspiring and deceptive, adding that it was a complete waste of time. Shaibu said Tinubu’s speech was only done in order to convince the organised labour not to embark on a...

  says “Nigerians will benefit over N1trn saved from subsidy removal”   President Bola Tinubu on Monday highlighted his administration’s plans to ease hardship faced by Nigerians following the removal of petrol subsidy even as he revealed that more than N1 trillion has been saved in the two months that...

The Senate, on Monday, moved to resolve to interface between the Federal Government and the Nigeria Labour Congress (NLC) in order to avert an intended strike by the organized labour. The Senate resolution followed a motion titled “Urgent Need to Avert Intending Strike of the Nigeria Labour Congress” by Senator...

President Bola Tinubu earlier this evening addressed Nigerians in a 20 minutes nationwide broadcast on the current economic challenges faced by Nigerians due to the removal of fuel subsidy and some other harsh policies. The president in the address titled, ‘After darkness comes the glorious dawn,’ promised to reform the...

A coalition of civil society groups in Osun State have taken to the streets to protest against the economic hardship experienced in the country. The protesters, who converged at the Ayetoro area of Osogbo at about 8 am, marched to major areas of the city with placards to press home...

Human rights lawyer, Femi Falana, (SAN) has insisted that the Nigeria Labour Congress (NLC) and its affiliate bodies can proceed with their proposed protest and strike actions. According to the legal practitioner, the exercise does not translate to contempt of court. His comments were contained in a letter from the...