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WHY NIGERIANS ARE POORER AMID GDP GROWTH – ECONOMISTS Nigerian economists and financial experts have explained why citizens have remained poorer in the past months despite the country’s Gross Domestic Product rising by 3.46 percent in the third quarter of 2024.Former President of the Council of the Chartered Institute of Bankers, Prof. Segun Ajibola, the Executive Director of the Centre …

ZAMANI LEKWOT: HOLDING JUDICIAL, MILITARY TERRORISM TO JUSTICE, BY OWEILAKEMFA A series of video recordings of men and officers of the Nigeria Army brutalizing hapless Nigerians have in the past few weeks been making the rounds. The most disturbing, which a conscious institution should have by now made public either its interim or full report, is that of a Major …

YOU FAILED TO SUPPORT, PARTICIPATE IN IFEANYI UBA’S BURIAL – FAMILY ACCUSES SENATE The family of late Senator Ifeanyi Ubah has reiterated claims that the Nigerian Senate failed to adequately support and participate in the burial proceedings of the late legislator, who represented Anambra South Senatorial District. These allegations come amid a public dispute with the Senate over its role …

NIGERIAN ARMY COMPLAINS ABOUT DWINDLING RESOURCES Authorities of the Nigerian Army, on Monday, lamented that resources accruing to them have been dwindling in the recent time despite rising number of recruitment. It also disclosed that at least 15,000 personnel were being recruited into the force every year without support from any quarter regarding accommodation for soldiers and officers securing the …

SENATORS KNOCK TINUBU’S GOVT OVER BORROWING DESPITE EXCEEDING REVENUE PROJECTIONS The Nigerian Senate has expressed concerns over the decision of the Bola Tinubu-led federal government to seek loans to fund the nation’s budgets, despite exceeding revenue projections. The development comes after revenue-generating agencies, including the Nigeria Customs Service, Nigerian National Petroleum Company Limited (NNPCL), and Federal Inland Revenue Service (FIRS), …

THEY SAY THEY WANT BIAFRA, YET THEY KILL, KIDNAP THEIR BROTHERS – BISHOP LAMENTS OVER KILLINGS IN SOUTH EAST The Catholic Bishop of Nnewi Diocese, Rt. Rev. Jonas Benson Okoye, has expressed strong condemnation of the activities linked to Simon Ekpa, a controversial Biafra agitator based in Finland. Speaking during the burial of Senator Ifeanyi Ubah in Nnewi, the bishop …

AUDITOR GENERAL OF THE FEDERATION UNCOVERS ₦197.72B FRAUD IN CBN, OTHER MIDAS Office of Nigeria’s Auditor-General of the Federation has uncovered irregular payment for contracts amounting to N197.72 billion in Rural Electrification Agency agencies, Nigerian Bulk Electricity Trading Plc, a subsidiary of Central Bank of Nigeria, the Nigerian Security Printing and Minting Company and other ministries, departments, and agencies in …

1.5M ENUGU LG WORKERS GROAN OVER WITHHELD SALARIES AFTER VERIFICATION EXERCISE About 1.5 million workers from the 17 local government areas of Enugu State were not paid their October salary. According to the report, the non-payment of salary was as a result of physical verification exercise carried out to discover ghost workers which was held between January and March 2024. …

WHY NIGERIANS ARE GETTING POORER, BY DELE SOBOWA LE “Behind the facts of economics are the facts of psychology… The emotions of fear and confidence, the judgments of doubts and certainty constitute a very important medium through which we see economic values” – Arthur S Dewing, Harvard Business Review, 1923. WHY NIGERIAN BUDGETS OFTEN FAIL “Whatever a man prays for, …

ENUGU RESIDENTS GROAN AS RESIDENTS RESORT TO TREKKING Some commercial drivers operating within Enugu metropolis have decried low patronage by residents, attributing it to the economic challenges in the country. They said this in separate interviews with the News Agency of Nigeria (NAN) in Enugu yesterday. According to them, the recent increase in the pump price of Premium Motor Spirit …