Tag: Nigeria - Page 14 - African News Today

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

9Jun

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Breaking News, Corruption, Economy, Justice, News, Nigeria

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This decision was made in light of the ongoing investigation of his office and the planned reforms in the financial sector of the economy. The suspension of the Central Bank Governor has caused widespread concern and criticism. The President does not have the power to suspend the Central Bank Governor. The power to remove the CBN Governor is vested in the President and the Senate jointly, as stated in Section 11(2) of the Central Bank of Nigeria Act, 2007. Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), Mr. Folashodun Adebisi Shonubi, who will act as the Central Bank Governor...

Inspector-General of Police Orders Effective Deployment to Prevent Hijacking of Strike and Protests

6Jun

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Nigeria

Inspector-General of Police Orders Effective Deployment to Prevent Hijacking of Strike and Protests

Police Unit Commanders Directed to Maintain Law and Order Amidst Fuel Subsidy Controversy In anticipation of the planned strike and protests, the Inspector-General of Police, Usman Baba, held a meeting with various police unit commanders in Abuja on Tuesday. During the meeting, he issued orders to ensure effective deployments across the country, aiming to prevent any breakdown of law and order and the potential hijacking of the demonstrations by hoodlums. Inspector-General Alkali-Baba emphasized the need for proactive measures to maintain peace and stability amidst prevailing and projected threats. He specifically highlighted the emerging threat of industrial strike action following the fuel subsidy removal, as well as the importance of maintaining order as the country prepares to...

Strike: Oil Marketers and Transporters Oppose NLC, Emphasize Need to End Fuel Subsidy

6Jun

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Nigeria

Strike: Oil Marketers and Transporters Oppose NLC, Emphasize Need to End Fuel Subsidy

Stakeholders Highlight the Economic Implications and Urge Dialogue for a Lasting Solution As the Nigerian Labour Congress (NLC) prepares for a nationwide strike, major players in the oil and transportation sectors, including the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), National Association of Road Transport Owners (NARTO), and Major Oil Marketers Association of Nigeria, have expressed their opposition to the strike. They stressed the urgent need to end the fuel subsidy regime and highlighted the enormous debt owed to the Nigerian National Petroleum Company Limited (NNPCL). Members of these associations argued that the over N13 trillion spent by the Federal Government on fuel subsidy could have been allocated to the development of other critical se...

Nationwide Strike: Some State Chapters Support NLC

6Jun

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Nigeria

Nationwide Strike: Some State Chapters Support NLC

Kwara State Reduces Work Hours Petrol Marketers and Transporters Disassociate Themselves from the Strike Action As the planned nationwide strike over the removal of fuel subsidy approaches, the Ogun and Sokoto chapters of the Nigeria Labour Congress (NLC) have pledged their support for the industrial action. In a similar vein, the Kwara State government has implemented temporary measures to alleviate the burden on workers. However, petrol marketers and transporters have distanced themselves from the impending strike. Hammed Ademola, the Chairman of the NLC in Ogun State, confirmed that workers in the state had been mobilized in preparation for the strike. Similarly, Abdullahi Jungle, the NLC Chairman in Sokoto State, affirmed that workers in the state would join the industrial ...

Nigeria Labour Congress Vows to Proceed with Nationwide Strike despite Court Order

6Jun

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Nigeria

Nigeria Labour Congress Vows to Proceed with Nationwide Strike despite Court Order

Aviation and Bank Workers' Unions Join the Strike, Threatening Airport Operations and Banking Activities The Nigeria Labour Congress (NLC) has expressed its determination to proceed with a nationwide strike scheduled for Wednesday, despite a court order obtained by the Federal Government to restrain the union and the Trade Union Congress (TUC) from carrying out the industrial action. The strike is in protest against the removal of fuel subsidy. NLC President Joe Ajaero, in an interview, stated that the union was not aware of the court order as it came late after business hours. Ajaero affirmed that the strike would continue as planned, and by the time the order is served, the NLC office would be empty as members would be mobilizing for the strike. The court order was issued by ...

El-Rufai Warned Against Inciting Religious Conflict with His Words

5Jun

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News, Nigeria, Religion

El-Rufai Warned Against Inciting Religious Conflict with His Words

Samuel Kwamkur, a prominent figure within the All Progressives Congress (APC) in Plateau state, issued a stern warning to Nasir El-Rufai, the former Governor of Kaduna State, cautioning him against making inflammatory remarks that could ignite conflict in Nigeria. Kwamkur, a former National Director of the Christian Association of Nigeria (CAN), expressed his concerns during a press conference held in Jos on Sunday. He was responding to alleged statements made by El-Rufai before his departure from office, wherein the former governor purportedly claimed that the Islamic dominance in Kaduna had been successfully extended to the entire country and would persist. According to Kwamkur, El-Rufai allegedly acknowledged deceiving Christians who questioned the Muslim/Muslim ticket during ele...

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, ...