Tinubu Leaves the UK for France as Nigerians Express Frustration Over Rising Fuel Prices
President Bola Ahmed Tinubu has left the United Kingdom for Paris, France, amidst growing frustration in Nigeria over rising fuel prices and worsening economic conditions. The president’s departure, confirmed by Ibrahim Kabir Masari, his Senior Special Assistant on Political and other matters, follows more than a week spent in the UK on a working vacation. […]
Peter Obi Urges Tinubu to Revert Sudden Fuel Price Increase by NNPC
Peter Obi, the 2023 presidential candidate for the Labour Party, has publicly urged President Bola Tinubu to reverse the recent fuel price hike imposed by the Nigerian National Petroleum Company Limited (NNPCL). In a statement released on social media platform X, Obi labeled the sudden increase in fuel prices as insensitive and unfortunate, emphasizing that […]
Femi Falana Calls Out NNPCL for Illegal Petrol Price Fixing, Citing Violation of Petroleum Industry Act
In recent developments, prominent human rights lawyer, Femi Falana, has publicly criticized the Nigeria National Petroleum Company Limited (NNPCL) for fixing petrol prices, which he says is a violation of the Petroleum Industry Act (PIA). Falana’s critique has sparked significant debate, particularly given the rising fuel prices that have unsettled Nigerians in recent months. At […]
Cabinet Reshuffles Won’t Change Anything: Buba Galadima Critiques Tinubu’s Appointees for Self-Interest
In recent discussions about Nigeria’s political landscape, Buba Galadima, a significant figure in the New Nigeria Peoples Party (NNPP), has expressed sharp criticism of President Bola Tinubu’s planned cabinet reshuffle. Galadima argues that this political maneuver will not bring any meaningful change to the pressing economic challenges facing ordinary Nigerians. The presidency has recently announced […]
Naira Ranks Among World’s Worst Performing Currencies
Recent reports have highlighted a troubling trend for the Nigerian naira, which has been listed among the ten worst performing currencies in the world, according to Bloomberg. This ranking reflects broader economic challenges faced not only by Nigeria but also by several other African nations. In the global economy, currency performance is often a reflection […]
Nigeria is Basically Bankrupt, and the Federal Government is Outdated – Obaseki
Edo State Governor, Godwin Obaseki, recently stated that Nigeria is “basically bankrupt” and urged the Federal Government to implement much-needed structural reforms to ensure the country’s economic growth. During an interview on Politics Today, a Channels Television program, on Thursday evening, Obaseki criticized the way Nigeria’s finances are managed. He pointed out that the government is […]
Dangote Officials and Refiners Challenge Marketers Over Imported Petrol
The ongoing tension between domestic oil refiners and major oil marketers in Nigeria has reached a new level, with Dangote Refinery officials strongly criticizing the importation of low-quality Premium Motor Spirit (PMS), also known as petrol. This comes after the commencement of large-scale fuel imports by some oil marketers, despite the availability of locally refined […]
General Abdulsalami Abubakar Expresses Concern Over Escalating Economic Crisis
Former Nigerian Military Head of State, General Abdulsalami Abubakar, has raised serious concerns about the increasing economic hardship facing Nigerians. Speaking during a meeting with the leadership of the Campaign for Democracy and Human Rights at his residence in Minna, Niger State, General Abubakar warned that the economic situation is worsening and becoming unmanageable. He […]
CBN Sticks to 5% Limit for Ways and Means Advances, Overriding National Assembly’s Decision
In a recent development, the Central Bank of Nigeria (CBN) has announced it will maintain its Ways and Means Advances limit at 5% for the fiscal years 2024-2025. This decision comes despite a recent bill passed by the National Assembly, which raised the borrowing limit from 5% to 10%. Ways and Means Advances are short-term […]
Afenifere Leader Criticizes Government’s Lavish Spending Amid Financial Crisis
Segun Sanni, a key figure in the Afenifere socio-political group, has openly criticized the Nigerian government for its excessive spending, despite the country’s ongoing financial struggles. Speaking on Channels Television’s Sunrise Daily, Sanni expressed concern over the extravagant lifestyles of government officials while the average Nigerian continues to face severe economic hardship. Sanni called on […]