NAIRA APPRECIATION MAY FORCE PRICE REDUCTION, INFLATION DECLINE – ECONOMISTS Nigerian economists are optimistic that the Naira’s appreciation against the dollar, if sustained, may lead to a drastic reduction in the prices of imported goods, by extension the country’s headline inflation, which stood at 33.88 percent in October, 2024.The Chief Executive Officer of SD & D Capital Management, Gbolade Idakolo, …

YOU CAN REMOVE KEMI FROM YOUR NAME – SHETTIMA TELLS UK PARTY LEADER Vice President, Kashim Shettima, has accused the newly elected leader of the United Kingdom Conservative Party, Kemi Badenoch, of disparaging her country of origin, Nigeria. He made the statement on Monday during the 10th Annual Migration Dialogue at the State House in Abuja. Shettima said, “Kemi Badenoch, …

COURT REFUSES YAHAYA BELLO’S BAIL APPLICATION The Federal Capital Territory High Court, on Tuesday, refused to grant a bail application filed by the former governor of Kogi State, Yahaya Bello, saying it was filed prematurely. Justice Maryann Anenih, while delivering the ruling said, having been filed when the 1st defendant was neither in custody nor before the court, this instant …

TURMOIL IN FIRST BANK AS OTEDOLA WIELDS BIG STICK Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable. A top employee of the bank informed TheCable that Otedola was “seriously irked” when he learned that a whopping sum was spent …

PORT HARCOURT REFINERY OVER 90% COMPLETED– NNPCL The Nigerian National Petroleum Company Limited, NNPCL, says the new Port Harcourt refinery is over 90 per cent completed. The Group Chief Executive Officer of the NNPCL, Mele Kyari, stated this on Monday when labour leaders from the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, visited the facility in Rivers …

GENDER BASED VIOLENCE: RETALIATE IF YOUR HUSBANDS SLAP YOU – EMIR SANUSI TO DAUGHTERS The 16th Emir of Kano, Muhammad Sanusi II, says he always tells his daughters when they are getting married that if their husbands slap them, he expects them to return the slap.The emir said wife beating, domestic violence form 45 per cent of cases across nine …

10,000 NIGERIANS DETAINED FOR IMMIGRATION OFFENCES IN 2024 –SHETTIMA Vice President Kashim Shettima has revealed that at least 10,000 Nigerians were detained for immigration offences in African and European countries this year. He however applauded the contributions of Nigerian immigrants to the global economy, saying Nigeria accounts for the highest of all diaspora remittances in West Africa. Apart from diaspora …

32 STATES, FCT RECORD ZERO FOREIGN INVESTMENT IN 2024 A total of 32 out of 36 states and the FCT attracted zero capital importation (foreign investment) in the first 9 months of 2024 up from 27 states in the whole of 2023. This is according to the latest Capital Importation data from the National Bureau of Statistics (NBS) for the …

NIGERIAN SOLDIERS LAMENT: WHILE WE:RE IN BUSH FIGHTING TERRORISTS, OUR FAMILIES IN BORNO BARRACKS SUFFER LACK OF ELECTRICITY, WATER SUPPLY Some Nigerian soldiers at the 7 Division Maimalari military cantonment in Maiduguri, Borno State in North-East Nigeria have said that the military facility for months has been lacking basic amenities such as electricity and water supply. According to them, their …

GERMAN PRESIDENT VISITS NIGERIA German President, Frank-Walter Steinmeier will arrive in Nigeria for a three-day official visit. A statement by the German embassy in Abuja said Steinmeier will be in Nigeria from Tuesday to Thursday. While in Abuja, he is expected to meet with key Nigerian leaders, including President Bola Tinubu and Alieu Touray, president of the Economic Community of …

SOUTH-EAST SENATE CAUCUS FAILS TO ENDORSE TINUBU’S TAX BILLS, INSISTS ON WIDE CONSULTATION The South-East Caucus in the Nigerian Senate has failed to endorse the controversial tax bill of President Bola Tinubu which is currently before the National Assembly. The Senate caucus joined called for wider consultations before the passage of the bill, insisting that there are needs for constituents, …

REVENUE ALLOCATION MOBILIZATION COMMITTEE CHALLENGES TINUBU’S TAX REFORM BILLS The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has challenged the constitutionality of proposals made by President Bola Tinubu in his proposed tax reform bills.Naija News understands the RMAFC in challenging the tax reform proposals, argued that the Commission is the only body constitutionally empowered to determine revenue sharing between the …

PETER OBI VISITS AFE BABALOLA; DELE FAROUNBI IN EKITI PRISON Former presidential candidate of the Labour Party (LP) and former governor of Anambra State, Peter Obi, has met with Nigerian legal luminary, Afe Babalola, SAN, in Ado-Ekiti, Ekiti State. Mr Peter Obi apologised on behalf of the activist Farotimi and appealed to Aare Afe Babalola SAN for soft landing for …

GOD FORBID TINUBU TO BE RE-ELECTED IN 2027 – ATIKU’S CAMP REPLIES AKUME Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party (PDP) and former Vice-President, has criticised calls from the Bola Tinubu-led government, urging Northerners to wait until 2031 before contesting for the presidency. Responding to comments by Senator George Akume, the Secretary to the Government of …

ONLY CORRUPT-FREE LEADERS CAN REDUCE CORRUPTION INDEX OF ANY NATION – OBI Today, the Global community marks a very important day – International Anti-Corruption Day, which holds a very important lesson for us in Nigeria, considering how our dear nation has been burdened, over the years, by a sickening level of corruption at all levels of government and across the …