Tag: News - Page 4 - African News Today

Nigerian Electricity Workers to Go on Nationwide Strike Over Fuel Subsidy Removal

4Jun

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Economy, Labour, News, Nigeria, Petroleum, Power

Nigerian Electricity Workers to Go on Nationwide Strike Over Fuel Subsidy Removal

In response to the sudden elimination of fuel subsidy by the Nigerian government, the National Union of Electricity Employees (NUEE) has instructed its members to go on a nationwide strike. The NUEE has called upon its members to comply with the directive and halt their work starting from early Wednesday morning. The decision comes after President Bola Tinubu declared the discontinuation of the petroleum subsidy regime, citing its lack of sustainability. Following this announcement, the Nigerian National Petroleum Company Limited (NNPCL) directed its outlets across the country to sell fuel at prices ranging from N480 to N570 per litre, a nearly 200 percent increase from the previous price below N200. In reaction to these developments, the Nigeria Labour Congress (NLC) has declared i...

National Assembly: Leadership Tussle Takes an Interesting Turn

3Jun

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Legislature, News, Nigeria

National Assembly: Leadership Tussle Takes an Interesting Turn

The leadership tussle in the National Assembly is about to take an interesting dimension following a meeting between President Bola Tinubu and the duo of Senate President, Ahmad Lawan, and the Speaker, House of Representatives, Femi Gbajabiamila, at the Presidential Villa on Thursday. The meeting was held to find an amicable solution to the issue of the zoning arrangement of the principal offices in the two chambers of the federal parliament, which was already creating tension among the lawmakers. President Tinubu gave a definite assignment to Lawan and Gbajabiamila to ensure that double nomination was avoided in both chambers on June 13. However, the presiding officers told the President that there was no way a zoning arrangement which excludes the North Central and gave two slots ...

Tinubu Gets the Backing of Ibori, Wike, Makinde on Subsidy Removal

3Jun

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Economy, News, Nigeria, Petroleum

Tinubu Gets the Backing of Ibori, Wike, Makinde on Subsidy Removal

In a surprising move, three members of the Peoples Democratic Party (PDP) have thrown their support behind President Bola Tinubu on the removal of petroleum subsidy. The Oyo State governor, Seyi Makinde, immediate past governor of Rivers State, Nyesom Wike, and former governor of Delta State, James Ibori, made this known during their visit to the Presidential Villa, Abuja on Friday. During the visit, Makinde stated that they were there to let the president know that he has the support of the generality of the people. On the subsidy issue, Makinde said, “We discussed it. It’s something that is on top of public discussion right now. We know it’s a tough decision for the people and he needs the support of everybody to see this through.” The PDP chieftain, Ibori, and Tinubu served as go...

31May

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Economy, News, Nigeria, Petroleum

Subsidy: NNPC Effects New Fuel Prices

The Nigerian National Petroleum Corporation (NNPC) has finally announced the long-awaited price for petrol following the removal of the controversial subsidy, which cost almost $10bn annually. The move was made on Wednesday morning to provide clarity around prices after the subsidy was removed. According to BusinessDay, NNPC now retail fuel at N488 a litre at its station on Kingsway Ikoyi in Lagos, while the NNPC Mega Station at Lagos Bus Stop in Port Harcourt sells for N511 per litre. NNPC is the sole supplier of petrol in Nigeria, and it is expected that other marketers will take a cue from NNPC's prices and adjust their own pump prices accordingly. NNPC Fuel Prices from May 31 2023 Analysts have noted that since NNPC has implemented different pump prices for different cities, ...

Nigerian Media Mogul, Raymond Dokpesi Passes on at 71

29May

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Life, News, Nigeria

Nigerian Media Mogul, Raymond Dokpesi Passes on at 71

The Nigerian media industry has lost a true icon with the passing of Raymond Dokpesi. The visionary entrepreneur, media mogul, and philanthropist was known for his unwavering commitment to the development of Nigeria's media landscape and his support for democracy in the country. Dokpesi founded Africa Independent Television (AIT), one of Nigeria's leading broadcast media institutions. He believed in the power of the media to speak truth to power and hold those in authority accountable. Throughout his career, he faced numerous legal and financial challenges but remained dedicated to the pursuit of truth and the empowerment of Nigerian citizens through the media. Dokpesi's impact on Nigeria's media industry cannot be overstated. He was a trailblazer who paved the way for many others i...

An Open Letter to the Chief Justice of Nigeria on Transparency and Accountability In Court Proceedings – Adebowale Aluko

28May

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Elections, Justice, News, Nigeria

An Open Letter to the Chief Justice of Nigeria on Transparency and Accountability In Court Proceedings – Adebowale Aluko

An open letter from a frontline legal practitioner to the CJN My Lord, I write, as a concerned member of the Nigerian bar, regarding a subject which has generated controversy among members of the bar and indeed the larger public in the past week. Confidence in the judiciary is at an all-time low. On 22 May 2023, at the opening ceremony of the annual conference of the National Association of Women Judges, Your Lordship urged judges sitting in election petition matters across the country to do substantive justice and eschew technicalities, in order to restore the confidence of the public in the judiciary. It is against this backdrop that I write in relation to the directive of the Presidential Election Petition Tribunal (PEPT), prohibiting mobile phones and other electronic d...

Opinion: Nigeria’s Election Highlights Anglo-American Missteps – M. Page

28May

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Elections, News, Nigeria, United States of America

Opinion: Nigeria’s Election Highlights Anglo-American Missteps – M. Page

Nigeria’s just concluded presidential elections have been focusing minds in London and Washington. Like tens of millions of Nigerian voters, Anglo-American officials realized what was at stake. Nigeria is Africa’s largest economy and is on track to be the third most populous country in the world by 2045. The UK and the US have enduring strategic interests in Nigeria, which are threatened by Nigeria’s kleptocratic ruling class’s tolerance of – and complicity in – democratic backsliding, grand corruption and gross human rights violations. The new administration faces a daunting array of challenges, from underdevelopment to insecurity, fiscal pressures and poor governance, which went unaddressed under outgoing President Muhammadu Buhari. But over the last several years, the UK and US h...

Inauguration: FG Restricts Movements Around Eagle Square

26May

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Elections, News, Nigeria

Inauguration: FG Restricts Movements Around Eagle Square

The Federal Government has directed the restriction of movements around the Eagle Square, the venue of the inauguration parade, from 2 p.m. on Friday till Tuesday. This move is in preparation for the swearing-in of President-elect, Bola Tinubu and his vice, Kashim Shettima, on May 29. A circular issued by Ngozi Onwudiwe, a permanent secretary at the Head of the Civil Service, stated that the Federal Secretariat Complexes Phases I, II, III, and Ministry of Foreign Affairs will be cordoned off by security operatives ahead of the ceremony. The government has been conducting military drills in the past few weeks in preparation for the inauguration ceremony. The Inauguration Parade and Swearing-in of President-Elect, Senator Bola Ahmed Tinubu, which is the climax of the Programme, will t...

DSS Raises Alarm Over Plans to Disrupt Handover Ceremonies in Nigeria

25May

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Elections, News, Nigeria, Security

DSS Raises Alarm Over Plans to Disrupt Handover Ceremonies in Nigeria

The Department of State Services (DSS) has raised an alarm over plans by some subversive elements to disrupt the handover ceremonies in some parts of the country. The DSS spokesperson, Peter Afunanya, disclosed this in a statement released on Thursday, May 25, 2023. The DSS stated that these elements plan to undermine the efforts of the security agencies as well as cause panic among the citizens. The DSS has urged citizens to adhere to the laid down protocols for the events across the country to ensure a peaceful and successful ceremony. The Secretary to the Government of the Federation and Chairman of the Presidential Transition Council had announced activities for the Presidential inauguration on May 29, 2023, in Abuja. On the same date, new Governors will also be inaugurated in m...

We’ll Tell Dangote to Provide Forex to Nigeria at Good Rates – Emefiele

25May

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Economy, Finance, Lagos News, News, Nigeria, Petroleum, Trade

We’ll Tell Dangote to Provide Forex to Nigeria at Good Rates – Emefiele

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has disclosed that the Dangote Refinery will be encouraged to sell foreign exchange earnings to banks at a good rate. Speaking after the 291st Monetary Policy Committee (MPC) meeting in Abuja, Emefiele stated that his team would engage with Alhaji Aliko Dangote, the promoter of the refinery, to ensure that Nigerians benefit from the venture. He noted that the CBN, the Federal Government, and the country had helped Dangote set up the refinery, adding that with local refining, the country would save about 20 per cent of the total cost of importing petroleum products, thereby reducing prices in the long run. Emefiele expressed optimism that the refinery would ease foreign exchange scarcity in Nigeria, adding that by the time ...