News
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Putin warns NATO of World War III
Russian President, Vladimir Putin, says a direct conflict between Russia and NATO would mean that the planet is one step away from World War Three, according to Reuters. The comments came as Putin claimed a landslide victory in Russia’s presidential election with 87.8 per cent of the votes. The US,…
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EFCC obtains order to track Nigerians transacting on Binance
The Federal High Court in Abuja, on Monday, ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform. The court handed down the order following an ex parte motion filed by the EFCC demanding information about…
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PH refinery: Marketers eye fuel price reduction, ready to load
The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port Harcourt Refining Company once the plant begins operations next month. IPMAN and MEMAN also declared…
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Senate warns against supplementary budget, excess loans
The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This came against the backdrop of the depreciation of the local…
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Hardship: Nigeria going through inevitable pains – Soludo
Governor Chukwuma Soludo of Anambra State believes Nigeria’s biting economic situation is an “inevitable” phase for the betterment of the nation. Soludo stated this in an interview on Channels Television’s Sunday Politics. Recall that Nigeria’s inflation level rose to 31.70 per cent in February with the cost of living shooting…
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Army laments poor power as FG begins metering barracks
The Nigerian Army has expressed concern about the inadequate power supply in the Ikeja Military Cantonment, Lagos. This is as the Federal Government allocated N12.7bn for the mass metering project in all Army formations. Minister of Power, Adebayo Adelabu, spoke during the flag-off of the metering exercise at the headquarters…
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FG plans talks with Ghana, others to protect undersea cables
The Minister of Communications and Digital Economy, Bosun Tijani, has announced plans to spearhead a global collaboration aimed at enhancing the protection of undersea cables. The minister made this disclosure on social media platform, X (formerly Twitter) on Sunday. This comments came against the backdrop of undersea cable cut that…
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Soaring sachet water prices push Nigerians to unhealthy options
Over the years, Nigerians have become known for their ability to endure pain and adapt to extreme adversity. This innate ability seems to be playing out once more; this time concerning the soaring prices of sachet water, a common source of drinking water, which does not seem to be very…
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MoU with UK firm on rail project not binding – FG
Some described the situation as another “P&ID saga in the making,” referencing the high-profile contract dispute between Nigeria and P&ID, a British Virgin Islands-registered company. GOLDMYNETV online reports that the Ministry of Transport signed an MoU with Messrs MPH Rail Development Limited, a company based in the United Kingdom. This…
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Textile import, seven others gulp N1.4tn after CBN ban reversal
Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth quarter of 2023, findings have shows. This was as citizens imported goods worth N4.29trn in 2023, indicating an…