Monday, May 5, 2025
The President of the African Development Bank (AfDB), Akinwunmi Adesina, has confirmed that his institution, in collaboration with others, will mobilize $15 billion for the construction of the Lagos-Abidjan Highway project. Adesina made this announcement on Friday in Abuja during the 90th birthday celebration of former Head of State, General […]
Despite increased revenue from the Federation Account Allocation Committee, no fewer than nine states have reduced their wage bills in the first half of 2024, findings by Saturday PUNCH reveal. Since the current administration ended fuel subsidy in May 2023, revenues to all tiers of government have increased. While some states […]
Commodities price jump 45.92% under Tinubu as small business owners lament downturn The World Bank has released the Nigeria Development Update report, offering a bleak outlook on poverty in Nigeria, as it stated that over 129 million Nigerians now live below the national poverty line. It released the report on Thursday in […]
Human rights activist and lawyer, Femi Falana (SAN), has written to the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to oppose the view expressed by the ex-president of the Nigerian Bar Association, Dr Olisa Agbakoba (SAN), regarding the legal status […]
ABUJA—Bauchi State governor Bala Mohammed yesterday confronted the World Bank over the latter’s claims that a reversal of the federal government’s current economic reforms would spell doom for the country, insisting that the reforms are not working. World Bank Country Director Dr Ndiame Diop advised Nigerians not to oppose the […]
One of the promises the Federal Government made to pacify Organised Labour at yesterday’s parley was that five refineries would soon be fully functional. Also, government vowed to pay arrears of wages. These, among others, formed the core of the meeting where “they agreed that it is better to ‘jaw-jaw than war-war’.” […]
France has banned Israeli defense companies from exhibiting at an upcoming naval arms trade show, the event’s organizers revealed on Wednesday. The ban comes as French President Emmanuel Macron’s administration expresses increasing discomfort over Israel’s military actions in Gaza and Lebanon. The decision follows failed French-led efforts to broker a […]
Babajide Sanwo-Olu, governor of Lagos, has announced that the minimum wage for civil servants in the state is N85,000. Sanwo-Olu spoke on Wednesday during an interview with Channels Television. “I’m glad to let you know that the minimum wage for Lagos, which we have discussed with our union, is N85,000 […]
Africa-focused e-commerce retailer Jumia Technologies will shut down its South African online fashion retailer Zando and its Tunisian operations by the end of the year. CEO Francis Dufay revealed that the move is part of a strategic refocus on more profitable markets such as Nigeria. To achieve profitability, Jumia is […]
The Managing Director and Chief Executive Officer of the Nigeria Communications Satellite Ltd (NigComSat), Mrs Jane Egerton-Idehen, has said Nigeria is now deploying all its satellite assets against terrorists, bandits, and kidnappers. Egerton-Idehen said this at a media parley in Abuja ahead of Satellite Week, saying the agency’s mission for […]