Category: Nigeria - Page 8 - African News Today

President Tinubu Returns to France for Treatment

2May

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News, Nigeria

President Tinubu Returns to France for Treatment

Nigeria's President, Bola Tinubu, has embarked on a trip to France for medical reasons, according to sources. This journey comes on the heels of his visit to Saudi Arabia for the World Economic Forum, raising questions about his health and the transparency of official communication regarding his travels. Investigations by SaharaReporters reveal that President Tinubu left Saudi Arabia for London, England, on Tuesday, before proceeding to France on Thursday. The purpose of his trip to France, which was not officially disclosed by the Presidency, is reported to be for medical consultations with his doctors. A Nigerian presidential aircraft, identified as a Gulfstream Aerospace GV-SP (G550), with registration number 5N-FGW and serial number 5310, was used to transport Tinubu to Paris Ai...

Opinion: Modupe Onitiri’s Declaration, Ibadan Invasion and the Hypocrisy of Yoruba Nation Agitation

2May

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News, Nigeria

Opinion: Modupe Onitiri’s Declaration, Ibadan Invasion and the Hypocrisy of Yoruba Nation Agitation

News outlets and social media is awash with the ripple effects of the invasion of the Oyo State Secretariat by Yoruba Nation agitators, rumored to be the faction led by Mrs. Modupe Onitiri-Abiola. Several of the frontline leaders in the Yoruba self-determination struggle have dissociated themselves from the occurrence and outrightly disowned Mrs. Abiola. Mrs. Abiola is one of the leaders in the forefront of Yoruba Nation agitation. She emerged, like a bolt out of the blues, in the heat of the “struggle’. She took everyone by storm, her vibrancy, articulation, and message seemed to resonate with a lot of people. She might have ridden on the name recognition. At some point, there were insinuations she was perhaps assigned from Chief Bola Tinubu (at the time a Presidential aspirant), o...

Tragic Road Accidents Claim 35 Lives in Kogi and Enugu States

2May

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News, Nigeria, Safety

Tragic Road Accidents Claim 35 Lives in Kogi and Enugu States

Former Governor of Anambra State, Peter Obi, took to his X (formerly Twitter) page to talk about two devastating road accidents that occurred in Kogi and Enugu states, resulting in the loss of 35 lives. The incidents have continued to highlight the urgent need for improved road safety measures and infrastructure maintenance. The first accident occurred on Sunday along the Okene/Lokoja bypass in Kogi State, where 19 individuals lost their lives in a horrific blaze. The victims were reportedly trapped in their vehicles and unable to escape the inferno, resulting in tragic consequences. The Kogi State Federal Road Safety Corps (FRSC) has confirmed the incident, which has left families shattered and communities in mourning. Just two days later, another tragedy struck along the Nsukka/En...

Tinubu Promises New Minimum Wage and Improved Working Conditions

2May

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Employment, Labour, News, Nigeria

Tinubu Promises New Minimum Wage and Improved Working Conditions

President Tinubu has promised to implement a new minimum wage and improved working conditions for Nigerian workers. This message was passed on during the workers' day celebration where he was represented by Vice President Kashim Shettima. He expressed appreciation for the hard work and contributions of Nigerian workers to the nation's prosperity and stability. Assuring workers of a new minimum wage and improved working conditions, President Tinubu stated, "The Tripartite Committee on Minimum Wage has been diligently working, and I assure you that your days of worrying are over. Indeed, this government is open to the committee’s suggestion of not just a minimum wage but a living wage." Highlighting the significance of industrial harmony, he praised workers for their indispensable rol...

NLC Gives Govt. Up to May 31st to Implement N615,000 Minimum Wage

2May

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Employment, Labour, News, Nigeria

NLC Gives Govt. Up to May 31st to Implement N615,000 Minimum Wage

Organized labor has issued a deadline to the Federal Government, demanding the conclusion of minimum wage negotiations by May 31, threatening nationwide industrial action if the deadline is not met. At the May Day celebration held at the Eagle Square in Abuja, labor reiterated its call for a minimum wage of N615,000 and presented an 18-point demand to the government. The demand included the completion of minimum wage negotiations by May 31 and a threat to shut down the country if the government fails to comply. President Bola Tinubu pledged to improve workers' welfare by working on a new minimum and living wage. However, labor leaders expressed skepticism about the government's commitment to addressing their demands. The Nigerian Labour Congress (NLC) and the Trade Union Congress...

It’s Tariff Hike or Total Blackout – Minister of Power

30Apr

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Economy, News, Nigeria, Power

It’s Tariff Hike or Total Blackout – Minister of Power

Nigerians appear to be facing a choice between complete power blackout or tariff hike. This is the conclusion going by the statement issued by the Minister of Power, Adebayo Adelabu. According to him, Nigeria faces a looming threat of nationwide power cuts within three months if the government doesn't proceed with the electricity tariff hike. The Minister delivered this warning during a meeting with the Senate Committee on Power. Adelabu explained that Nigeria's power sector is in trouble due to a huge debt of N3 trillion. To avoid a blackout, the government needs to raise electricity tariffs. Adelabu said they need N2.8 trillion to subsidize electricity for the rest of the year. See Also: Power Tariff Hike: FG Discontinues Electricity Subsidy He also shared that Nigeria needs $1...

Expect Two More Weeks of Fuel Scarcity – IPMAN

29Apr

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Economy, News, Nigeria, Petroleum

Expect Two More Weeks of Fuel Scarcity – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has projected that the ongoing petrol scarcity, which is spreading to more states across the country, will take at least two weeks to normalize. Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has assured the public that it possesses adequate stock of the product. According to Chinedu Ukadike, the Public Relations Officer of IPMAN, the scarcity is primarily due to importation bottlenecks, slow pace of marketers' license renewal by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and maintenance activities at European refineries. He noted that only a fraction of marketers have had their licenses renewed by NMDPRA, leading to a disruption in the supply chain. Ukadike exp...

Tinubu Can’t Move Nigeria Forward – Suswam

29Apr

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Economy, Interview, News, Nigeria

Tinubu Can’t Move Nigeria Forward – Suswam

Former Governor of Benue State and Senator representing Benue North-East Senatorial District in the 9th National Assembly, Gabriel Suswam, has launched scathing criticism against the leadership of President Bola Tinubu, claiming it lacks the capacity to improve Nigeria's economic fortunes. In an interview on Channels Television's Newsnight program, Suswam articulated his views on the current economic state of the nation and his assessment of the Tinubu-led administration's policies. Suswam commenced by reflecting on the administration of former President Muhammadu Buhari, opining that the "Change" mantra adopted during Buhari's tenure did not deliver the anticipated positive outcomes. He argued that the economic policies implemented during those eight years laid the groundwork for the ...

Bobrisky Sentenced to Six Months in Jail for Naira Abuse

12Apr

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Economy, Judiciary, Lagos News, News, Nigeria

Bobrisky Sentenced to Six Months in Jail for Naira Abuse

Popular social media influencer and cross-dresser, Idris Okuneye, famously known as Bobrisky, has been sentenced to six months in custody for the abuse of the Nigerian currency, the naira. The verdict was delivered by Justice Abimbola Awogboro of the Federal High Court in Lagos. Bobrisky's legal troubles began when he was charged by the Economic and Financial Crimes Commission (EFCC) with multiple counts of naira abuse and money laundering. The charges stemmed from incidents where Bobrisky was seen spraying and flaunting wads of new naira notes at various social events. During the trial, Bobrisky pleaded guilty to the charges, admitting to tampering with large sums of Nigerian currency during social gatherings. The judge, after convicting him, emphasized that the sentence was intend...

Potential Implications of Seizing Domiciliary Accounts in Nigeria: Insights from a Financial Expert

6Feb

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Economy, Finance, News, Nigeria

Potential Implications of Seizing Domiciliary Accounts in Nigeria: Insights from a Financial Expert

As rumors swirl regarding the Nigerian government's purported intentions to seize funds held in domiciliary accounts across the nation, financial expert Kalu Ajah has stepped forward, via a post on X, to offer a comprehensive analysis of the potential ramifications. Drawing parallels with historical events and providing detailed insights into the operational dynamics of domiciliary accounts, Ajah's assessment sheds light on the risks and consequences associated with such actions. The Pakistani Example Ajah begins by invoking a significant episode from Pakistan's economic history, where the government initiated an emergency freeze on all foreign currency accounts (FCA) in May 1998. This drastic measure, aimed at safeguarding the economy, had far-reaching repercussions. "The primary i...