The Presidential candidate of the Labour Party (LP), Peter Obi, has vowed to remove the controversial fuel subsidy if elected as president in 2023. Nigeria’s petrol subsidy as of 2021 cost around $4.5bn, or roughly two percent of Gross Domestic Product (GDP). The reported figure exceeds the Nigeria’s Government’s spending on health, education, and social…
…Reiterates support for indigenous companies …As automobile firm donates sample vehicle to government The Enugu State government has expressed delight at the commitment of Ingrace Group in promoting indigenously manufactured vehicles in Nigeria. Speaking when a delegation from Ingrace Motors Nigeria Limited, led by its Chief Executive Officer (CEO), Chief Chinedu Onu, displayed the company’s…
In most advanced societies, the direction of voting is almost always circumstantial. The socio-economic-cum-political situation of the State/Country motivates the direction of public voting. In the 1980’s in the US election, Ronald Reagan swept away the incumbent Jimmy Carter in a groundswell of support to clinch the Presidency largely because the economy was in trouble,…
The federal government of Nigeria under the leadership of President Muhammadu Buhari has replaced Mr. Chukwuyere N. Anamekwe as the acting Accountant-General of the Federation (AGF). It was gathered that Anamekwe was replaced about two weeks ago over allegations of corruption and investigation by the Economic and Financial Crimes Commission (INEC) hanging around his neck….
The Peoples Democratic Party (PDP) on Sunday demanded the investigation of former Chief of Army Staff, Lt. Gen. Tukur Buratai (retd), over the recovery of N1.8 billion from a private property in Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) last week recovered the money, pieces of jewelry, and expensive cars hidden…
A new Enugu State beyond 2023 is possible with a private sector driven economy – Peter Mbah and Ifeanyi Ossai, a perfect combination for the job. Most observers of Enugu politics and social commentators were not entirely as surprised as they were by the emergence of business mogul, an industrialist and philanthropist, Peter Mbah as…
1. I can’t sleep because I know what to do! I have gone round the 36 States of the country like I have gone round 31 countries of the world, I know the problems of Nigeria and I know I can fix them easily! Because I can see them, I can fix them!*– Peter Obi*…
The Presidential candidate of the New Nigeria People’s Party and national leader of the Kwankwasiya movement, Rabiu Kwankwaso has confirmed the party is in talk with Labour Party presidential flag-bearer, Peter Obi, over a merger.The former Kano State Governor confirmed this in an interview with BBC Hausa. There have been speculations that the NNPP and LP are…
The Nigerian stock market extended its downward trend with a loss of N341.26 billion at the close of trading on Friday. This followed the crash of the market capitalization by -1.20% from N28.25 trillion posted on Thursday to N27.91 trillion today.Similarly, the All-Share Index was down by 633.01 basis points to close at 51,778.08 compared to 52,411.09…
European countries, yesterday, continued their quest to have Nigeria export more Liquiefied Natural Gas, LNG, to the European Union, as they seek a move away from Russian energy dependency. Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. It was gathered that LNG is fast becoming the low carbon alternative fuel of…
