Latest Articles
Strike: Labour leaders shun meeting with FG
Abuja, Sept. 29, 2023 – The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) refused to meet with the federal government on proposed strike on Friday. Representatives of the federal government were scheduled to meet with labour leaders at the Presidential Villa, Abuja, by 3.00 pm on Friday, but the unions refused to turn up. The Minister of Labour, Simon Lalong, with other top officials of government, were already in the office of the Chief of Staff for the meeting as scheduled, but the labour leaders did not …
Tinubu, Sultan appeal to labour to shelve strike
Abuja, Sept. 29, 2023 – President Bola Ahmed Tinubu and the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar have urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to shelve their planned strike over the removal of fuel subsidy. The organised labour had fixed Tuesday, October 3, for the commencement of an indefinite strike over fuel subsidy removal. Speaking during a public lecture and special Juma’at prayer to mark the 63rd Independence Anniversary of the country at the National Mosque, Abuja, Tinubu appealed to the workers not …
Euro zone inflation falls to lowest in 2 years as economy slows
Frankfurt, Sept. 29, 2023 – Inflation in the euro zone fell to its lowest level in two years in September suggesting the European Central Bank’s steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth. Consumer prices in the 20 countries that share the euro rose by 4.3% in September, the slowest pace since October 2021, from 5.2% one month earlier, according to Eurostat’s flash reading published on Friday. Inflation excluding food, energy, alcohol and tobacco, which is closely watched …
Oil falls as macroeconomic concerns dampen price rally
London, Sept. 29, 2023 – Oil prices fell on Friday in a volatile trading session as macroeconomic concerns weighed on the recent rally. Front-month Brent November futures were down 14 cents, or 0.15%, at $95.24 per barrel at 1442 GMT ahead of the contract’s expiry later in the day. The more liquid Brent December contract was down 72 cents, or 0.77%, at $92.38 per barrel. U.S. West Texas Intermediate crude (WTI) was down 92 cents, or 1%, to $90.79 per barrel. WTI futures traded $1 higher earlier in the session, …
12 soldiers killed after rebel attack in southwest Niger
Niamey, Sept. 29, 2023 – Seven soldiers have been killed in Niger’s southwest in an attack by suspected rebels, while five others died in a traffic accident while trying to respond to the assault. The deaths on Thursday come as former colonial power, France, prepares to withdraw a counterinsurgency force stationed in the country at the request of its new military leaders,who seized power in a coup two months ago. Niger’s defence minister, Salifou Mody, said in a statement that a military unit had been “violently attacked by several hundred …
FG earmarks N75bn in loans to support SMEs
Abuja, Sept. 28, 2023 -Doris Uzoka-Anite, the Minister of Industry Trade and Investment, on Thursday said the federal government had earmarked N75 billion in loans to support 100,000 Micro, Small and Medium Enterprises (SMEs) She said the loans would be given at single digit interest rates with repayment spread over 36 months. The minister said this at the opening of the 18th Abuja International Trade Fair organised by the Abuja Chamber of Commerce and Industry in Abuja. She was represented by MrIrimiya Kaura, the Director Commodities and Export in the …
Gov. Obaseki forgives Deputy, Shaibu Phillips
Benin, Sept. 28, 2023 – Godwin Obaseki, the Governor of Edo State, has formally forgiven his Deputy Phillip Shaibu, for his “aberrant behaviour’. In a letter to Shaibu in response to his earlier apology, Obaseki said that he was under obligation to accept his apology as a person of faith. The letter read: “I have noted the public apology made by the Deputy Governor of Edo State, His Excellency, Comrade Philip Shaibu. This apology followed an aberrant behaviour that contradicts what the people of Edo State stand for. “To name …
Tribunal sacks Uba Sanni as Kaduna Gov.
Kaduna, Sept. 28, 2023 -The Kaduna State Governorship Election Petition Tribunal on Thursday sacked Uba Sani of the All Progressives Congress as governor of Kaduna State. It declared the state governorship election, held on March 18, 2023, as inconclusive. The tribunal, headed by Justice Victor Oviawe, consequently directed that a supplementary election be held within 90 days. The petition was filed by Isah Mohammed Ashiru, the candidate of Peoples Democratic Party in the election. (GBN)
Nigeria’s future is bright in spite current challenges – Shettima
Abuja, Sept. 28, 2023 – The Vice President, Kashim Shettima, says Nigeria’s future is bright in spite of the current challenges. Shettima expressed this optimism on Thursday at the 63rd Independence anniversary lecture and symposium in Abuja. He said Nigerians were too determined to be broken down by temporary setbacks. “Our history has shown that Nigerians are too ambitious to be broken by temporary setbacks. We are going to emerge from this space of our reforms stronger; each of us with renewed hope as we honour the labour of our heroes …
Lagos Red Line rail to start by December – Sanwo-Olu
Lagos, Sept. 28, 2023- Babajide Sanwo-Olu, the Governor of Lagos State, says the Red Line rail system will become operational by the end of this year. Sanwo-Olu gave the assurance on Thursday after an inspection of the project stretching across rail stations in Agbado, Iju, Agege, Ikeja, Yaba to Ebute Metta. The rail will travel from Agbado in Ogun State and termite at Oyingbo in Ebute Metta. Sanwo-Olu gave details of the inspection on his X (formerly Twitter) handle: “Today, we undertook a comprehensive inspection of the Red Line infrastructure, …