Chain Reactions to Unveil 2018 Edelman Trust Barometer Report Thursday

By Bliss Okperan President Bola Tinubu has joined other persons and organisations to rejoice with Muslims all over the globe, particularly in Nigeria, over the birthday celebration of Prophet Mohammed. The federal government declared Wednesday, September 27, 2023, a public holiday for Eid-El-Maulud, and the President, as well as his opponent in the 2023 presidential election, Mr Peter Obi of the Labour Party (LP), has joined to celebrate the day. In a statement from the State House in Abuja, Mr Tinubu urged Muslims to use the day “for deep introspection and fervent prayers,” stressing they should “make deliberate efforts to

By Bliss Okperan The Sokoto State Election Petition Tribunal will on Saturday, September 30, 2023, deliver a judgement on the petition filed by the candidate of the Peoples Democratic Party (PDP) in the governorship election in the state, Mr Sa’idu Umar. Mr Umar challenged the victory of the Governor of Sokoto State, Mr Ahmed Aliyu, who contested the poll under the platform of the All Progressives Congress (APC). He said Mr Aliyu was not qualified to partake in the poll and also alleged electoral fraud during the March 18 governorship election. In a press release, the court stated that, “Take

By Bliss Okperan The early morning fire that gutted a part of the Supreme Court complex in Abuja has been blamed on an electrical malfunction. The Director of Information of the apex court, Mr Festus Akande, said this on Monday morning when he appeared on Arise Television’s breakfast programme, The Morning Show. According to him, preliminary investigation showed that the fire was triggered by an electrical fault, playing down rumours that the Supreme Court was attacked by arsonists. Attention is on the apex court over the outcome of the presidential election held on Saturday, February 15, 2023. The Appeal Court

By Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

Rising global inflation has been the dominant macroeconomic conversation in 2022, significantly influencing investment decisions. The pressures on global inflation have largely been exacerbated by the impact of the Russia-Ukraine war—and associated sanctions—which have pushed energy and commodity prices to multi-year highs. In Nigeria, inflation reached a 15-year height of 20.5% in August 2022, reflecting a passthrough from global inflation dynamics and worsening domestic insecurity. Specifically, there have been considerable pressures on food and energy prices. For instance, prices of food items such as vegetable oil, bread and imported rice have risen 21.0% on average in the past year. Likewise,

By Modupe Gbadeyanka President of Dangote Industries, Mr Aliko Dangote, has disclosed that his business estate would start selling foreign exchange to the Central Bank of Nigeria (CBN) by 2020. Mr Dangote said this in Lagos on Monday at the Nigerian Economic Summit organised by Economist Events, an arm of The Economist of London. “We are looking at a situation that by 2020, we will be the one selling FX to the CBN. Our projects are mainly import substitution. We are working to be self-sufficient to grow about a million tonnes of rice over the next five years,” the business

By Modupe Gbadeyanka Chevron Nigeria Limited (CNL) has signed a deal to supply natural gas to the fertiliser plant of Dangote Fertilizer Limited. The factory is expected to begin operations soon and as part of efforts to enable smooth services, the management of Dangote Fertilizer Limited entered into a long-term supply agreement with Chevron Nigeria Limited (CNL). The factory will produce 3.0 million metric tonnes per annum (mmtpa) of Urea and consists of twin train, with each single train having a capacity of 1.5 million tonnes per annum of Urea and Ammonia, which makes each of them the largest train

By Adedapo Adesanya The Naira recorded a further N1.08 or 0.25 per cent gain against the Dollar in the Investors and Exporters (I&E) segment of the foreign exchange market on Thursday, August 4, trading at N428.12/$1 compared with the previous day’s N429.20/$1. This occurred as the amount of FX transacted at the spot market fell at the session by 10.9 per cent or $13.56 million to $110.22 million from $123.78 million. However, in the Peer-to-Peer (P2P) window, the value of the Nigerian currency depreciated against the US Dollar by N11 to N671/$1 from Wednesday’s rate of N660/$1. In the interbank

By Modupe Gbadeyanka The suspension of the implementation of the recent hike in the tariff of electricity in Nigeria has been extended by one week by the federal government. The extension was agreed on Sunday during a meeting between the federal government and representatives of the labour unions. Yesterday, the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, led the government delegates to meet with the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). Recall that on September 28, 2020, at a meeting between both parties held to avert an industrial action

By Dipo Olowookere Lagos State government has announced an adjustment to the closing and resumption dates for public primary schools in the state for first term and second terms of the 2019/2020 academic session. A statement issued by the Lagos State Ministry of Information and Strategy on Sunday explained that the change in dates for public primary schools was on the need to implement extensive retraining of teachers and prepare them for the 2020 session. However, it emphasised that the closing and resumption dates earlier given for private schools and government secondary schools remain unchanged. “Please note that the curriculum

By Modupe Gbadeyanka Some houses and shops within the Academy market in Ibadan have been sealed by the Oyo State Government for allegedly violating environmental laws and failing to comply with the laid down hygienic practices. The Commissioner for Environment and Natural Resources, Mr Abiodun Oni, said on Saturday that the government will not tolerate unhygienic practices from residents. The affected properties were accused of being responsible for heaps of waste dumped in the marketplace and along the main roads as they do not have adequate waste bins for their wastes. Mr Oni, who spoke via the Special Adviser on

By Adedapo Adesanya Davido Music Worldwide (DMW) has terminated the deal with Mr Sanni Goriola Wasiu, otherwise known as Lil Frosh, and has also severed ties with him over allegations of beating his girlfriend. The record label, owned by David Davido Adeleke, in a press statement on Tuesday, stated that it considers domestic violence as grievous act and will do everything possible to stand with victims of domestic violence and after an internal investigation, it’s cutting ties with Lil Frosh. The statement noted, “There is no excuse for the actions of Lil Frosh and we understand that there is nothing